The Sell-Off In U.S. Steel Is Overdone

Posted on October 15th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on The Sell-Off In U.S. Steel Is Overdone

The Sell-Off In U.S. Steel Is Overdone

My article on United States Steel (X) for Seeking Alpha

United States Steel (X) has had a major turnaround recently, beating EPS estimates on five straight earnings reports. The last three quarters the company has turned a profit after a stretch of four consecutive losses. Regardless of the strong results the stock has fallen 30% from the September 17th high of $46.55 and is now only up 10.94% year to date. Higher beta stocks such as U.S. Steel combined with the broader market weakness from the same time period is setting up for a buying opportunity in the $4.7B Pittsburgh-based steel producer…Click here to read the rest of my article on U.S. Steel.

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