United States Steel (X) Buy, Sell or Hold

United States Steel (X)

54.85

+0.01 (0.02%)

as of Jun 17, 2025, 7:59:54 pm Market Open.

2 watching

HOLD

The selloff from April to July is because of the market and will probably have some rise. If you own, have a stoploss under the recent low.

BUY

Had a low in early 09 and has just come out of a higher low. Nice pattern. His point and figure shows a huge trend line coming down and it is just breaking out of this.

PAST TOP PICK

(A Top Pick Aug 17/09. Up 7%.) This was his Obama infrastructure recovery play. Didn't do as well as he expected but is still positive for his clients. Watching carefully and may have to exit.

DON'T BUY

With the soft economy, this may not be the best time to own a steel company. Later in the year and into 2011 things may be better. Would rather do this sector indirectly through an iron ore Company such as Labrador Iron Ore (LIF.UN-T) or Vale (VALE-N).

DON'T BUY

Depends if and when the economy recovers and demand is going to be huge. Would be more inclined to look at companies providing the iron ore for the steel manufacturing. Very risky.

PAST TOP PICK

(A Top Pick Jun 1/09. Up 62.67%.) Still likes.

DON'T BUY

Got pummelled last week on earnings. They just didn't deliver. You don't want to play steel directly, play the inputs to steel or the mini-mills. Integrated steel producers are still having a tough time. Mid $40s would be a buy but not your best way to play.

BUY

Steel sector and steel stocks tend to be quite volatile. Pulling back because they are worried about Chinese tightening. Good company. Almost fully integrated. If you believe global economy is coming back this is a good time to enter.

BUY ON WEAKNESS

Steel industry has done incredibly well and is on a very sound footing and should continue to grow.

PAST TOP PICK

(A Top Pick Aug 17/09. Up 16.6%.) Still likes, as he is bullish on steel midterm. Short term it might pare back because of some short-term volatility.

PAST TOP PICK

(A Top Pick June 1/09. Up 11.5%.)

DON'T BUY

Steel sector is very difficult to invest in. He would steer clear of this one at this time.

COMMENT

ArcelorMittal (MT-N) or US Steel (X-N)? Arcelor is a global play while US is an American play. Depends on your view of the global economy versus the US economy. He thinks the US will probably lead because they were the first to start stimulus.

TOP PICK

Conservative and pick has given a 2% rate of turn. He is here to make money. Down 70% from high. Infrastructure is going to make money and this is a steal.

COMMENT

(Market Call Minute.) Would own this, but prefers some of the international steel companies such asCompanhia Siderurgica (SID-N).

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United States Steel (X)