United Stated Steel reversal
38% drop since December seems overdone.
Reversal opportunity.
Tariffs didn't work out like expected fro POTUS.
Short interest very high at 32% could fuel the rally.
Company profile
U.S. Steel reports Q4 2019 earnings, beating analyst estimates on both earnings and revenue.
During the earnings call, the management states that the market has hit a bottom.
The stock has lost a lot of ground since December, and it looks like it's time for an upside correction.
Longer-term concerns about elevated debt levels and increased capital spending remain intact. In the short-term, coronavirus is the main threat.
Source seeking Alpha
Reversal opportunity.
Tariffs didn't work out like expected fro POTUS.
Short interest very high at 32% could fuel the rally.
Company profile
U.S. Steel reports Q4 2019 earnings, beating analyst estimates on both earnings and revenue.
During the earnings call, the management states that the market has hit a bottom.
The stock has lost a lot of ground since December, and it looks like it's time for an upside correction.
Longer-term concerns about elevated debt levels and increased capital spending remain intact. In the short-term, coronavirus is the main threat.
Source seeking Alpha
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