U.S. Steel Corp. Is Too Heavy

Summary

Even next week’s Organisation for Economic Co-operation and Development meeting regarding global steel capacity and pricing won’t help.

All steel manufacturers are not created equal. Management, operations, and technology combine to make a difference.

In the end, earnings and management do matter. U.S. Steel Corp. is a short.

Originally submitted on April 17, 2016

Since 1901, U.S. Steel Corporation (NYSE: X) has evolved its operations into three major segments: Flat-rolled steel – for use in automotive, consumer, industrial service, and mining markets; U.S. Steel Europe – for construction, container, appliance, oil, petrochemical, and transportation; finally, the Tubular segment goes to oil, gas, and petrochemical markets.

Recent Upside in The Steel Industry – Demand or Luck?

So far this year, U.S. Steel Corp. stock is up 200% from the February low. That’s considered pretty good when a company is, you know, actually making money. U.S. Steel Corp. is not, so what gives?

I believe the recent upside is luck.

See the full article at SeekingAlpha.com.

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About wallstreetpirate

Thirty-five years in financial services from insurance to registered investment adviser, and trader (now retired). Currently helping wanna-be traders and experienced alike as a trading coach and mentor. I've been in and around, on top of, in the middle of, and on the bottom of the stock market for a long, long time. Here's all I've learned: Trading is about behavior, psychology, and appreciating what the charts are saying technically. You can't fake it. Either you know what you're doing or you don't. And as much as this isn't rocket science, it takes knowledge and a skill set to survive.
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