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US Steel Stock Surges Forming Golden Cross, Does Billionaire Investment In X Signal More Upside?
Friday, March 21, 2025 - 8:24am | 593United States Steel Corp (NYSE:X) is flashing bullish signals, riding an 8.35% gain over the past five days and forming a Golden Cross, a technical indicator often linked to continued upside. Shares now sit above their key moving averages, suggesting strong momentum as Wall Street weighs the...
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Steel's Hot Streak Faces Reality Check: Analyst Weighs Tariffs Vs. Recession Fears
Tuesday, March 11, 2025 - 8:38am | 575Steel's scorching rally may have investors feeling bullish, but JPMorgan analyst Bill Peterson is throwing in a dose of caution. While Section 232 (S232) tariffs have fueled a buying frenzy, the reality of demand stagnation, rising scrap costs and looming economic uncertainty could keep stocks from...
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Stock Of The Day: Traders Watch Key Reversal Level On Alcoa
Tuesday, March 4, 2025 - 1:08pm | 525Shares of Alcoa Corporation (NYSE:AA) continue to trend lower Tuesday. The stock was trading higher in the pre-market Monday, but the bears ended up overpowering the bulls. By the close, Alcoa had lost almost 6%. Traders are watching the $28 level for a potential reversal. It has been support in...
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Cleveland-Cliffs Stock Slides On Q4 Earnings: The Details
Monday, February 24, 2025 - 6:15pm | 458Cleveland-Cliffs Inc (NYSE:CLF) reported fourth-quarter financial results Monday after the bell. Here’s a look at the key details from the report. Q4 Revenue: $4.33 billion, versus estimates of $4.43 billion Q4 EPS: Loss of 68 cents, versus estimates for a loss of 61...
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Trump's Metal Tariffs Set Stage For US Steel ETF Gains
Wednesday, February 12, 2025 - 11:28am | 907The latest round of tariffs on metal imports, announced by the Trump administration, is set to create significant investment opportunities in ETFs focused on U.S. steelmakers. With a 25% tariff now set to be imposed on all steel and aluminum imports, domestic steel producers are expected to gain...
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Stock Of The Day: Tariffs Could Mean A New Bull Market For Cleveland Cliffs
Monday, February 10, 2025 - 12:20pm | 614Shares of Cleveland-Cliffs Inc. (NYSE:CLF) are trading higher Monday. This follows President Trump's vow to impose a 25% tariff on steel and aluminum imports. Investors believe that this will help domestically based companies like Cleveland-Cliffs. The stock could be breaking out and the downtrend...
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Donald Trump's Expected Tariffs On Aluminum, Steel Imports May Impact Domestic Companies: Here's A List Of Metal ETFs That Could Be Affected
Monday, February 10, 2025 - 7:31am | 883President Donald Trump announced on Sunday that he will impose new 25% tariffs on all steel and aluminum imports, adding to existing duties, in a further escalation of his trade policy. While this could impact domestic steel and aluminum companies, investors can consider the following list of...
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Trump To Announce 25% Steel And Aluminum Tariffs — Economist Warns President Is 'Making US Manufacturing Globally Uncompetitive'
Sunday, February 9, 2025 - 10:20pm | 619President Donald Trump announced plans to impose a 25% tariff on all steel and aluminum imports, reigniting trade tensions reminiscent of his 2018 metal tariffs policy. What Happened: The announcement was made during his flight to New Orleans for the Super Bowl, according to Reuters. Canada, the...
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Cleveland-Cliffs' Tariff Optimism Doesn't Impress Analyst
Monday, February 3, 2025 - 3:29pm | 493A leading domestic steel supplier, Cleveland-Cliffs Inc (NYSE:CLF), published a preliminary report expecting 2024 to be one of the worst years in over a decade. The report characterized 2024 by muted demand from the automotive sector — the company’s largest customer base — and broader...
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Who Is Alan Kestenbaum, Activist Investor Ancora's Pick To Lead US Steel?
Tuesday, January 28, 2025 - 12:00pm | 325During a turbulent month for United States Steel Corp (NYSE:X) following its blocked merger with Nippon Steel, activist investor Ancora accelerated a proxy fight in an attempt to force the Pittsburgh, Pennsylvania-based company to abandon its plans to fight to merge. Ancora, which owns a 0.18%...
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Nucor Q4 Earnings: Revenue Beat, EPS Beat, Steel Shipments Down 2%, Market Conditions 'Starting To Improve'
Monday, January 27, 2025 - 6:08pm | 486Nucor Corp (NYSE:NUE) reported fourth-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter. Q4 Earnings: Nucor reported fourth-quarter revenue of $7.08 billion, beating analyst estimates of $6.76 billion, according to Benzinga Pro. The...
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Biden Blocks US Steel Deal: What's Next For X Stock?
Friday, January 3, 2025 - 1:30pm | 691United States Steel Corp (NYSE:X) is caught in a whirlwind of challenges. From technical bearish signals to a major acquisition roadblock, the stock is under pressure. Yet, analysts believe opportunities may still exist for investors willing to ride out the storm. Bearish Signals Dominate X Stock...
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Nippon Steel Proposes Biden Government Veto Over US Steel's Production Output In Bid To Secure Acquisition
Tuesday, December 31, 2024 - 6:17pm | 475Nippon Steel (OTC:NPSCY) proposed granting the U.S. government veto power over reductions in U.S. Steel Corp’s (NYSE:X) production capacity in a bid to secure approval from President Joe Biden for its $14.9 billion acquisition of the American steelmaker. The Washington Post, which first...
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Four Commodity Stocks To Watch In 2025
Monday, December 30, 2024 - 8:05am | 779The positive trends for commodities are likely to continue in 2025. With escalating conflicts and instability in several regions, we explore a list of prospective junior commodity companies focusing on safe jurisdictions. Volt Lithium Volt Lithium (OTCQB:VLTLF) is a Canadian junior resource company...
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US Steel Stock Stumbles On Weak Q4 Outlook
Thursday, December 19, 2024 - 6:13pm | 462United States Steel Corp (NYSE:X) shares are trading lower in Thursday’s after-hours session after the company issued fourth-quarter guidance below analyst estimates. What Happened: After the market close on Thursday, U.S. Steel said it expects to report a fourth-quarter adjusted loss of 25...