|Bid||13.61 x 1100|
|Ask||13.72 x 3200|
|Day's Range||13.31 - 13.90|
|52 Week Range||13.31 - 39.23|
|Beta (3Y Monthly)||2.37|
|PE Ratio (TTM)||2.11|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.20 (1.28%)|
|1y Target Est||19.43|
Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.General Motors (GM) was a classic "widows and orphans" stock until last decade, when GM wound up going bankrupt. United States Steel (X) once was a pillar of corporate America and a buy-and-hold stock. GM shares basically haven't moved in a quarter of a century. Polaroid and Eastman Kodak were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.But there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way.Here are ten such retirement stocks to hold forever. SEE ALSO FROM KIPLINGER: 19 Best Retirement Stocks to Buy
Can Dalio's Bridgewater Repeat Its Outperformance in 2019?(Continued from Prior Part)Dalio’s steel stock exitsFor Ray Dalio’s Bridgewater Associates, the notable exits during the first quarter included U.S. Steel Corporation (X). The fund sold
How Analysts Are Rating Steel Stocks after Their Q1 Results(Continued from Prior Part)U.S. SteelU.S. Steel (X) made a fresh 52-week low on May 20. The stock is underperforming most of its peers this year and has lost 21.4% YTD (year-to-date).
How Analysts Are Rating Steel Stocks after Their Q1 Results(Continued from Prior Part)AK SteelAK Steel (AKS) has fallen 17.8% in the second quarter and is now flat for the year. U.S. Steel (X) has also pared its 2019 gains and is negative for the
Has President Trump Betrayed US Steel Companies’ Trust?(Continued from Prior Part)Section 232 exemptionsLast week, the Trump administration announced Section 232 exemptions for steel and aluminum imports from Canada and Mexico. The exemption was
Has President Trump Betrayed US Steel Companies’ Trust?President TrumpLast week, President Trump made two decisions that might not sit well with US steel companies. First, Trump cut Section 232 steel tariffs on Turkey in half to 25% from 50%.
WASHINGTON/OTTAWA (Reuters) - The United States struck deals on Friday to lift tariffs on steel and aluminium imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of U.S. products, including pork, beef and bourbon. The United States and Canada said their agreement will be implemented by Sunday afternoon, and includes new curbs aimed at preventing dumped steel and aluminium from China and other countries from entering the U.S. market via Canada.
The U.S. and Canada on Friday said they have reached a deal where the U.S. will end tariffs imposed under Section 232 on imports of aluminum and steel products from Canada, while Canada will remove all tariffs imposed in retaliation. The two sides will take the step in two days and terminate World Trade Organization litigation. The two sides say they will take measures to prevent the importation of aluminum and steel that is unfairly subsidized and/or sold at dumped prices; and prevent the transshipment of aluminum and steel made outside of Canada or the United States to the other country.
Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. fell 2.7%, Nucor Corp. shed 3.6%, Steel Dynamics Inc. gave up 2.9% and ArcelorMittal slid 3.4%. Meanwhile, the S&P 500 was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock fell 1.7% and Kaiser Aluminum Corp. declined 1.5%. The WSJ reported, citing sources, that U.S. trade negotiators were trying to reach a deal on tariffs with Canada and Mexico to "push USMCA through Congress."
After sources said Tuesday that the Trump administration would delay placing tariffs on auto imports for up to six months, Mark Newton of Newton Advisors set his sights on two stocks that he thinks are poised to win despite their involvement in global trade: Ford F and U.S. Steel X . Turning to a long-term chart of Ford, which has rallied more than 35% in 2019, Newton said the stock has been getting closer and closer to reversing its five-year downtrend, building a "bullish base" as trading volume picks up. As for U.S. Steel, which is down nearly 18% year to date, rising trade tensions between the U.S. and other global economies should play to its stock's favor, Newton said.
Steel Stocks Fall Even as Trump’s Tariffs ‘Rebuilt’ the IndustrySteel stocksUS steel and iron ore stocks were in the red today in the early trading hours. As of 10:30 AM ET, U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Cleveland-Cliffs
Nucor Corp shareholders have rejected a proposal that would make the company report on its political lobbying, heading off efforts to make one of the most high-profile corporate actors in Washington more transparent. The largest U.S. steelmaker led the push for imposing tariffs on steel imports last year, now a signature part of U.S. President Donald Trump's trade policy. Trump had said tariffs were needed to save the industry from losing out to unscrupulous foreign competitors.
United States Steel Corp NYSE:XView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is high and has been increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for X with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting X. Sentiment has worsened and traders added to their bearish short positions on May 10. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.03 billion over the last one-month into ETFs that hold X are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. X credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Steel industry icon U.S. Steel has reduced its leverage, but there's one thing it hasn't fixed -- and probably can't.
US Steel Stocks Bleed after China Retaliates against US TariffsSteel stocks US equity markets are deep in the red today, and the S&P 500 (SPY) is down 2.4% as of 12:10 PM ET. The SPDR S&P Metals and Mining ETF (XME) is underperforming the
One of the benefits that people foresaw of President Trump's administration was the return of legacy industries like steel. When the President first started talking tough against China, companies like U.S. Steel Group (NYSE:X) experienced a surge in value. However, the burst in X stock and similar names was short-lived.Source: Shutterstocks Trump launched the first salvo of tariffs on Chinese goods in late January 2018. Initially, the thesis for U.S. Steel stock appeared ironclad. Finally, we had a President willing to stand up to shady Chinese business practices, such as commodities dumping. With an administration that didn't give two cents about political correctness, X stakeholders rejoiced.Unfortunately, economic dynamics, especially in the modern era, do not occur individually in a vacuum. What affects one sector will likely impact another, often with unpredictable results. While Trump won voters in blue-collar, conservative states with his tough talk, his policies didn't work as he previously hoped.InvestorPlace - Stock Market News, Stock Advice & Trading Tips X Stock Meets RealityCertainly, the idea of tariffs and dumping-crackdowns rejuvenated X stock. They also lifted industrial-commodities players like Alcoa (NYSE:AA) and Steel Dynamics (NASDAQ:STLD), which benefited from rising steel prices.That said, those rising prices hurt industrial consumers of steel and aluminum, such as General Motors (NYSE:GM). The double-whammy, of course, was that many of these sectors and companies couldn't afford the sudden hit to margins. For instance, GM and Ford (NYSE:F) already have problems selling cars in America.Passing the costs to consumers who don't already buy American? This just wasn't going to fly. Thus, U.S. Steel stock received a boost from surface-level trading. But once reality set in, the Trump-tariff fundamentals didn't look too hot. * 10 Stocks That Could Squeeze Short Sellers, Including CGC But with X stock down more than 55% since the start of 2017 -- despite last Friday's double-digit swing up -- is it time to go contrarian? The Bull Case for U.S. Steel StockFor those willing to go against the grain, it's not just X stock that has looked interesting recently. From a technical standpoint, Alcoa appears to have hit bottom. So too have Steel Dynamics shares.Naysayers will immediately counter and state that it's unwise to chase a company down. Over the last several years, we've seen many high-profile names that offered contrarian cases, only to disappoint further. What then makes U.S. Steel stock any different?Fundamentally, the underlying firm still represents a viable industry. True, we're moving deeper into the information age. Nowadays, the sexiest companies are those that lead in automation and artificial intelligence. I'm not shocking anyone with that statement.Still, we have robust demand for actualizing those innovations. For instance, the robots that build our cars aren't going to build themselves. More importantly, some of the implications behind the latest tech innovations won't occur until much later down the line.At some point, AI will replace human drivers altogether. But that may not happen in our lifetime. Therefore, automakers are still competing with each other for consumer dollars, invariably lifting X stock.This underappreciated demand for commodities-based products helped buoy sector players from completely imploding. Even during the early stages of geopolitical tensions between the U.S. and China, aluminum demand remained healthy. At some point, you got to like your chances that U.S. Steel stock will make a comeback. Trump Is a WildcardWith all that said, I understand the hesitation toward X stock. Admittedly, the steel and aluminum markets need some help. President Trump, as well-intentioned as he may be, isn't helping.When he made good on his tariff threats, many conservatives lauded his efforts in sticking up for blue-collar Americans. But as the markets and the hard data indicate, those moves didn't pan out so well. Partially due to these pressures, Trump agreed to negotiate with his Chinese counterparts. * 7 Food Stocks to Buy Now Now, the volatile President has seemingly changed his mind. In a stunning about-face, he threatened to renew tariffs on China, shocking just about everybody. I believe this is the reason why U.S. Steel stock failed to build off last Friday's spike rally. Steel companies have seen where "protective" tariffs lead.However, I think we can discount this outburst as another presidential episode. With the 2020 elections coming up, Trump can't afford to actualize "the crazy." He knows as well as anyone that the way to win the American voter is through their wallet.In other words, Trump has every incentive to truly act in the blue-collar worker's best interest. And with that backdrop, you can trust X stock a lot more than other speculative names.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Why You Can Trust U.S. Steel Stock Amid Other Risky Names appeared first on InvestorPlace.
U.S. Steel Corporation Stock Went from Boom to Bust in a Week(Continued from Prior Part)U.S. Steel CorporationU.S. Steel Corporation (X) has lost 13.2% in 2019. The company is underperforming other US-based steel companies. AK Steel (AKS) and
U.S. Steel Corporation Stock Went from Boom to Bust in a Week(Continued from Prior Part)Investment plansIn the last few years, U.S. Steel Corporation (X) has embarked on an aggressive capex plan. In 2017, the company announced its $2.0 billion
U.S. Steel Corporation Stock Went from Boom to Bust in a Week(Continued from Prior Part)U.S. Steel Corporation U.S. Steel Corporation (X) has been on a whirlwind during the last few trading sessions. Last week, the stock fell sharply on May 2.
U.S. Steel Corporation Stock Went from Boom to Bust in a WeekU.S. Steel CorporationU.S. Steel Corporation (X) released its first-quarter earnings on May 2 after the markets closed. The company held its earnings call the next day. The company’s
Donald Trump lost a lot of money as a real estate developer, but he’s costing us a lot more as president, writes Tim Mullaney.
Leo Gerard, international president of the United States Steelworkers of America, joins CNBC's "Closing Bell" team to discuss the lift of steel and aluminum tariffs on Canada and Mexico. Canada is lifting their tariff on the U.S. in return.
President Trump details his plans for suspending steel and aluminum tariffs on Canada and Mexico. Yahoo Finance's Jessica Smith reports on the latest from Washington, D.C. with Seana Smith on "The Ticker."
Stocks bounce back after yesterday's selloff. Looking for trade war bargain buys. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.