Get started

Unitedstatessteel

Nippon Steel's Acquisition Sends U.S. Steel Stock PlummetingPresident Joe Biden's expressed concerns over Nippon Steel's proposed acquisition of U.S. Steel ( NYSE:X ) have ignited a flurry of political speculation and market volatility. With Biden's impending statement raising questions about national security implications and regulatory scrutiny, investors brace for potential obstacles to the $14.9 billion deal. Political Opposition and National Security Concerns: Biden's plan to voice apprehension over Nippon Steel's acquisition of the iconic U.S. Steel underscores mounting bipartisan scrutiny and national security apprehensions surrounding the deal. Democratic and Republican senators have voiced reservations, citing concerns over the lack of consultation with U.S. Steel's main union and the strategic importance of the steel industry to national defense. Market Reaction and Investor Sentiment: News of Biden's intervention sent shockwaves through the financial markets, with U.S. Steel's stock plummeting by 12% amid heightened uncertainty and speculation. Investors react swiftly to political developments, recalibrating their positions amidst the prospect of increased regulatory hurdles and potential delays in the acquisition process. Nippon Steel's Strategic Maneuver and U.S. Steel's Response: Nippon Steel's ambitious bid to acquire U.S. Steel was driven by optimism surrounding Biden's infrastructure bill and expectations of favorable spending and tax incentives. However, Biden's intervention injects a new layer of complexity into the deal, raising questions about its viability and regulatory approval. U.S. Steel, founded over a century ago and deeply entrenched in American industrial history, faces mounting pressure amid declining revenue and profit margins. Implications for the Steel Industry and Global Trade: Biden's stance on the Nippon Steel acquisition underscores broader implications for the steel industry and global trade dynamics. The intersection of economic policy, national security considerations, and international relations shapes the regulatory landscape, impacting the strategic direction of major corporations and influencing market sentiment.
NYSE:XShort
by DEXWireNews
Japan's Nippon Steel to Acquire U.S. Steel for $14.9 BillionJapan's Nippon Steel clinched a deal on Monday to buy U.S. Steel ($X.) for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals. The deal marks the latest step in a gradual decline for the iconic 122-year old company, which was once the largest company on the planet. It was one of the first major conglomerates and a symbol of American industrial might. But it is no longer even the largest US steelmaker, having been surpassed by Nucor Steel years ago. Earlier this summer the United Steelworkers union vowed to only support a proposed offer by another unionized American steel company, Cleveland Cliffs, to buy US Steel, in a cash and stock deal then valued at $32.53 a share, or 40% less than Nippon’s all cash offer. The US Steel board rejected that offer and started considering other bids. US Steel’s statement said that Nippon Steel has a strong track record of safety in the workplace and working collaboratively with unions, that all union contracts will remain in place and that Nippon Steel is committed to maintaining these relationships uninterrupted. Technical Analysis U.S. Steel (NYSE: NYSE:X ) has since reacted to the news of the buyout offer from Nippon Steel surging to about 26% today as of the time of writing, with the stock trading above all its Moving Averages. United States Steel has also broken the rising trend up in the medium long term.
NYSE:XLong
by DEXWireNews
2
United States Steel Corporation (NYSE: X) Hits Fresh HighUnited States Steel (NYSE: X) Shares have been on the move with the stock up 5.9% over the past month. The stock hit a new 52-week high of $36.64 in the previous session. United States Steel has gained 45.8% since the start of the year compared to the 7% move for the Zacks Basic Materials sector and the 28% return for the Zacks Steel - Producers industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 26, 2023, U.S. Steel reported EPS of $1.4 versus consensus estimate of $1.15. For the current fiscal year, U.S. Steel is expected to post earnings of $4.33 per share on $17.83 billion in revenues. This represents a -56.48% change in EPS on a -15.37% change in revenues. For the next fiscal year, the company is expected to earn $2.88 per share on $16.2 billion in revenues. This represents a year-over-year change of -33.32% and -9.13%, respectively. Price Momentum United States Steel Corporation (NYSE:X) is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:XLong
by DEXWireNews
X United States Steel Corporation Options Ahead of EarningsIf you haven`t bought X here: Then analyzing the options chain and the chart patterns of X United States Steel Corporation prior to the earnings report this week, I would consider purchasing the 26usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.24. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:XLong
by TopgOptions
good day for "x" UNITED STATES STEEL CORPORATIONGOOD MORNING, Today, there are several indicators for the X stock, and all of these indicators say that there is a rise in the coming days, so I think it is good to buy now. First, we are above the VWAP and above the resistance, so we are a little protected, especially since they are resistances related to days, Second, the 4EMA indicator is in the correct order and with a good density. It also indicates the rise in addition to MACD as well. OPEN YOUR WALLETS AND GOOD LUCK
NYSE:X
by MOHAMEDOUCHAIB
1
X bullish butterfly pattern long opportunityIt's hard to believe that it's the 1st idea that I post for this X, as it's my best name of all time in terms of trading. It still has great volatility, but it didn't really have many daily chart trades that are in line with my demonstrating system on TradingView. Finally after it's earning report, it got a potential bullish butterfly pattern, around 29.30, and nice reversal signs are crucial for this trade. If it can reach 29.30, the important 30.00 fig breakdown had already happened. Let's see how it goes!
NYSE:XLong
by Trader_Joe_Lee