United States Steel Corporation (NYSE:X)
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- DrScience: $X Anonymous sources reporting the US Gubment is preparing to formally announce the blocking Nippon Steel's acquisition of US Steel.
- traderbren: @DrScience $X - not surprising. I considered Puts yesterday but didn't pull the trigger.
- woodman: @DrScience $X - I haven't thought about $X since I took the money at $49.61 and ran after the deal was announced.
- bigbartabs: @woodman @DrScience $X ... Musk should buy US Steel... and merge his X in with $X. Steel and Social Media... a match made in heaven.
- woodman: @bigbartabs $X - $x²
- marklesparkle: @bigbartabs $X 2X
- chrisbman360: @bigbartabs $X good one BBT. Musk certainly has a thing about X. Now he can own the symbol. I covered my short on X long ago. Had a suspicion this deal was going to get torpedoed.
- champ: Watch...$CMC...$50.35, I got Back-in this morning, for a Trade into their Earnings report in the morning and I might swing....... ....and $CMC is Flat for the year...YTD...... ....and they typically don't issue formal guidance..... ....however they beat last time..but you never know and they are expected to say, that they expect that Robust demand will continue for the rest of 2024 and into 2025. ....$STLD $NUE and $X....these Steel companies either beat or missed by a little and they mostly always guild inline or down a little. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ All steel companies, are all mostly #down YTD...because of higher Interest-rates. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- Wolf: $CLF $X #Steel $NUE #Upgrades Steel stocks getting some upgrades this morning.
- debeers: $X- Well it cleared 2 big landmarks today: 1. The Eu cledared it for merger 2. Morgan Stanley goes to 48 from 51 but still has it as the outperformer in the steel space Personal note- i own it and still think its a damn shame- its called US steel for chrissakes!
- wijimmy: $X .. O BOY !!!! -10% .. $55 a share take over offer from Nippon ... Joe says NO NO NO !!!!.. Is Japan a Security threat to the USA ?
- Cjauger: @wijimmy $X OUCH!!!
- Henry: $X POTUS is supposed to weigh in on this in a negative way, source is the Financial Times via CNBC
- scottrades: Reminder about Earnings after the close: $AMZN $AAPL $META $TEAM $X $CLX $MCHP $SKX $DECK $OTEX $COLM $COUR $BZH $DXC $EMN $ORC $NOV $HOLX $LPLA $POST $GEN $SKYW $RGA $HIG $EXPO $CLFD $LESL $HUBG $CPT $CVCO $ENSG $PMT $VIAV $DLB $KMPR $MATW $MTX $PFSI $HLI $EVBN $SXI
- Auto: $X added long daily
- Auto: $X added long daily
- Auto: $X added long daily
- Auto: @Auto $X watching $50.20 to add again
- Auto: $X short working small add long to the gap
- Henry: $X we talked about the hazards of waiting for the deal to close. The CEO of $CLF was on Fox? and said if the deal with Nippon is blocked, the price is going down. Sen Toomey is on the boob tube supporting Japan. Are all these politcos on the take?
- DavidK: @Henry $X $CLF of course they are . Crooked politicians and greedy CEO’s have been selling out USA’s manufacturing base for decades . Huge contributor to spike in crime , loss of decent paying jobs and communities. Most of these incompetent politicians are 2 nd tier ambulance chasing lawyers or rich daddy’s boy that was pushed into politics to push and promote certain agendas .
- woodman: @Henry $X $CLF - I sold $X that morning. I wasn't going to be effing around with such a gift gain. Take the money and run.
- Auto: $X short working
- woodman: @Auto $X https://thehill.com/homenews/senate/4366073-fetterman-says-hell-work-to-block-absolutely-outrageous-us-steel-sale/
- Wolf: $X Being bought by Nippon Steel. Up $11 PM.
- Auto: $X short premarket
- woodman: $X (US Steel) - Bam! Big shout out to @debeers who talked back in Sept. about it being up for sale. That's when I bought a healthy position around $32. https://www.cnbc.com/2023/12/18/japans-nippon-steel-plans-to-acquire-us-steel-for-7-billion.html
- curtis: @woodman $X (good trade) :)
- woodman: @curtis $X - Thanks, but really I owe it to @debeers.
- Auto: $X short covered $$ long now as per 5min volume bars
- DavidK: $CLF - up big on $X buyout . Brother owns 80,000 shares at 8. Told him to sell when it hit 35 year or so ago. He didn’t !!! Look for Jim Leventhall (sp?) to be touting clf on halftime show if he is on . I don’t want to chase it myself up this much but markets Believing the undervalued talk from Clf ceo on his company
- woodman: @DavidK $CLF $X https://www.clevelandcliffs.com/news/news-releases/detail/615/cleveland-cliffs-comments-on-transformative-global-industry
- Bs7518: $X Rookie question, now that the sale has been announced at $55 per share will the stock price hit $55 or sale here
- DavidK: @woodman $CLF $X if you try and compare $X -$55 offer/ earnings estimates 2024 then same for $$CLF , $ x at a Pe of -18 , clf 10 . Just a quick back of the envelope glance . Historically these steel stocks have traded below pe of 10 .
- woodman: @DavidK $CLF $X - do you consider CLF to be one to be acquired? I ask because I know CLF was in the running to be the acquirer of X, rather than being an acquiree.
- Henry: @Bs7518 $X I would sell it here. There aren't going to be any more bidders, they already shopped the company. The question is will the US allow one of the largest steel companies to be sold to Japan. It's going to be months until we know the answer to that.
- woodman: @Bs7518 @Henry $X - I sold mine this morning. I just assumed, without knowing for sure, that the difference is due to regulatory risk. Being the namesake of Woody Allen, I decided to take the money and run.
- Bs7518: @woodman $X Thxs your my hero $ADRX has bought all my Christmas for my grandson😎
- joelsg1: @woodman $X And revealed that Sen. Tuberville bought $20 puts on $X expiring 6/24. He is an idiot and these look like made 11/7, but doubt this deal was a secret as lots of lobbying needed here.
- DavidK: $CLF @woodman . Reply feature not working . Thus my response on valuation question . Per CEO Of clf he feels steel stocks have to be re valued per $X buyout figure . So looking at 2024 estaumates for both stocks clf at 10 pe x at 18 . Maybe clf gets back to the 35 area again . Anyway , speaking with a car dealer ( ford, Chrysler, keep ) that has about 5 dealerships sat about business , he said it’s terrible . EV’s , a joke . Another business owner said things were really slowing down . So take it for what it’s worth . Clf supplies lots of steel to autos .
- woodman: @DavidK $CLF $X - Thanks.
- scottrades: @DavidK $CLF $X Press Refresh on your internet browser and try again, that works for me.
- woodman: @joelsg1 $X - I think he has CTE.
- Geewhiz: @scottrades $CLF $X I sense that reply works better in the conversation mode.
- Bs7518: @debeers thanks for the $X advice I love our forum nice surprise this AM
- curtis: @debeers $URI $CAT $F $f $X $SCHW $BA $ARDX (I'm in $F and $BA in long term accounts. What is your partial profit point for $BA 300?
- bill52: @Wolf $CLF #Comodity yes, nice move again today. some of it might also be that they are in the hunt to buy out US Steel $X
- debeers: $CAT- OK so you've decided that the homebuilders will benefit from reduced rates? But how do you get there? You gotta have a road. And what aboujt the infra bill- of which we've seen crap so far---Roads where i live are a disaster $CAT is the best way tio play infra--that and $X.
- jonwest88: @debeers $CAT $X The crews and builders rent the CAT stuff from $URI. United Rentals
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debeers: ...
STEEL YOURSELF----Let's face it---bridges, homes, barriers all need steel $X marks the spot. If it didn't why would there be bids for the co ABOVE $40?
$SCHW-bought when the ceo did at 50 and 49.
AXIOM YOU CAN TRUST; CEO's sell for many reasons--the ... - marklesparkle: @debeers $URI $CAT $F $f $X $SCHW $BA $ARDX Yes Woodman definitely does his homework
- DavidK: $X - CNBC stating bids gonna be over 40. I have stayed out of this fray , until now . Picked up 500 shares . $CLF would seem to be the best partner
- woodman: @DavidK @debeers $X $CLF - I picked up a large position, starting in Sept and adding twice to make a larger position. I've just held it and will continue to. Thanks goes out to @debeers who put this on my radar screen in the first instance.
- debeers: PRICE TARGETS REVISIONS $AVGO-1250 $BA-275-joel and i have been on this for awhile $X- @Woodman-would have liked to claim that i was prescient but $CLF put out feelers when $X was at 30 $PANW-the king of cybersecurity IMO
- woodman: $X - this inch worm has been easy to hold while waiting for the next bid from various acquisition suitors.
- woodman: $X - US Steel - has been a good employee as it continues to slowly climb. It's like watching paint dry if you watch too closely, but the result is good. I bought a large position (relative to my other trading positions) in this at $32 in Sept and have just been letting it slowly do its work. I figure one day it will be acquired (@debeers discussed this some time ago), though I don't know the status of those talks.
- Henry: @woodman $X Gasparino reported that final bids must be submitted by tomorrow 5 companies are interested
- bigbartabs: @Henry @Woodman $X ... what is the reason they are looking to be acquired?
- Henry: @bigbartabs $X I guess the Board decided it was in the best interest of the shareholders.
- woodman: @Henry @bigbartabs $X - Thanks, Henry. My impression has been that $CLF would be the most likely acquirer, though I truly don't know. Fyi: https://www.recyclingtoday.com/news/us-steel-bids-friday-deadline-december-1-2023-illinois-blast-furnace-idle/
- woodman: $X $CLF - and: https://www.barrons.com/articles/u-s-steel-stock-sale-bids-deadline-d4e3a907
- scottrades: My notes: $SPY That close though $QQQ Closed above the 8EMA $DIA Breaking out $UUP Rebounding $TNX Watch tomorrow $TLT Holding the 8/21 $GDX Holding up $XME Breaking out $IGV Extended $URA Holding the 21 EMA $XHB In trend $TSLA Cyber Thursday $AAPL High Handle? $MA Micro Base $V New High $MSTR Basing $COIN Support at the 8EMA $AER Breaking out of a flag $TOL Base $LEN Base $TPH Flag $UEC Great volume $STLD Breakout $RS Has Good RS. Watch $276 $CLF Watch 17.50 $X Trending
- Henry: $X Faber reports final bids are due Friday. 5 parties are bidding including $CLF and $NUE Don't expect a quick conclusion
- marklesparkle: $X I also wonder if Elon and the President of China discussed using the letter X as a moniker
- woodman: $X another higher high.
- traderbren: @woodman $X - yep, in the face of a downgrade this morning. I'm holding Nov 34 Calls from below. The deal should be announced sooner than later. ;-)
- woodman: @traderbren $X - Good luck! I have a largish position.
- bill52: $X $CLF nice day for steel.
- woodman: $X another new high. Inch-worming higher. I continue to hold a large position. Won't make me rich at this pace, but better than the Market's general sharp stick in the eye. Thanks @debeers for insights into potential buyout.
- woodman: $X continues back up since pulling back/drifting to the 50d last week. Not a big mover on the whole, but stable. Still holding this.
- traderbren: @woodman $X -yep, agreed...getting closer to pushing through 33.65 and making a new high
- traderbren: $X - holding above the 50d. Let's see if it can clear the 20d overhead...on potential buy-out.
- woodman: $X and $CCJ off the 50d; $CEIX off the 20d.
- woodman: $X sideways into rising 50d. Appears to be stalled until next announcement regarding buyout offers.
- woodman: $X - @debeers can probably enlighten us more on the current status of buyout prospects, but the 50d has caught up to this one. https://apnews.com/article/us-steel-acquisition-clevelandcliffs-esmark-c9a191c67bf9a6290e0c1a59c962ff61
- Auto: $ARM $J $X $CRWD $AMC added early staying late daily
- Auto: $X added small long from below watching $33.08 to add again
- Auto: $MU $J $BITO $MCD $X added long daily
- Auto: $X watching $33.08 break to add again long daily
- scottrades: $X Trending just fine
- scottrades: My notes: $SPY Support at the 200 Day. U.S. employment report tomorrow. $QQQ Along the 100 EMA $UUP Still in trend. $TNX Still in trend $VIX Closed near the lows $TLT Still near the lows $XLE Crude is getting crushed. $SMH Along the 100 EMA $GLD At the 200 Week $GBTC Still above the MAs $AAPL above a pivot $META Going sideways $NVDA Watch the 50 Day $TSLA Above the MAs $GOOGL Above the MAs $AMD At resistance $SMCI Watch 292 $ANET Support at the 50 Day $AKAM Flag $CLS Breaking to new highs $VRT Above the MAs $MOD Good volume..likely a wide spread $X Trending up
- Auto: $X $ARM added long daily
- Auto: $MSTR $ORCL $J $X $MU $META adding long daily
- woodman: I still have trading shares of $X $CEIX and $LEU. Mostly cash.
- scottrades: My notes: $SPY Watching for a bounce. Near the 200 Day $QQQ Stronger than SPY $UUP Wrecking Ball $TNX 2007 Levels, Intervention is the only ending. $VIX Went above 20 today $TLT New Low $USO At the 21 EMA $XLE Needs to tighten up $SMH Rejected at the 21 EMA $GBTC Holding up. $AAPL Watch 174.40amzn $AMZN Watching for an upside reversal $NVDA Stopped at the 50 Day $GOOGL Still above the 50 Day $META Chopping around the 50 Day $MSFT Watch for an upside reversal $NFLX Ugly. $TSLA Above the 100 EMA $TDW Above the 50 Day $X Still in trend.
- Auto: $X $J $MU $META added long daily
- woodman: $X - one @debeers has been writing about. Thus far holding a move up out of recent range. Slow, continuous move higher. (Long.)
- debeers: @woodman $X -Morgan Stanley uipgrades this one to Overweight from equal weight and boosts the price to 40 from 25.
- woodman: @debeers $X - Wow, that's a serious PT boost.
- debeers: @woodman $X -$X wants to be bought by $CLF and only $CLF. We know what $X is and they, like a hooker, are only arguing about price.LOL
- debeers: $SMCI-You know how there's a shame and there's a damn shame? @DAN never mentioned $SMCI now, IMO r that's a damn shame. Up over 13 buckaroos! $AAPL/$AMZN/ $CLF down 2 cents--so sue me! $GOOGL-$NVDA$SMCI/ $X $X it already told you it wants to be acquired. Don't buy for autos--buy for infrra IMO $CLF- financially in really good shape and even if $X gets wooed by someone else, $CLF will do ok. $ANF-people who have money have more money than folks without it and Horowitz is the bomb. $ARDX- when you buy when @Wodman recommended it at below 3 bucks you7 don't sweat the smal stuff
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debeers: $X- don't know if any of you caught this:
UPDATE 1-U.S. Steel lets Cleveland-Cliffs into its sale process -source
11:41 AM ET, 09/28/2023 - Reuters
(Recasts with U.S. Steel allowing Cleveland-Cliffs into its sale process, adds details throughout)
By ... - debeers: $ANF rich moms buying rich clothes for tbemselves and rich kids/ $CEIX metallurgical coal/ $CLF ok in its own right but even better because they want to buy $X and $X wants them to--we know what you are, we are just negotiating price, $MSFT- the single most stable boring tech in the world IMO-i think $AAPL needs to increase revs and will buy Bing from Microsoft, $NVDA still the semi of choice, $SMCI gee i bet the chart is ok too, $X from here figure between 25-30 percent up on a buyout, longs all except $AAPL Y'all have yourselves a weekend,
- oldtimer: @debeers $ANF $CEIX $CLF $X $MSFT $AAPL $NVDA $SMCI gave $CEIX a run but got stopped out . .rest look like good spots to take small starters . . thank you for all your input
- scottrades: My video notes: COTD: $FN Breakout Alert! $SPY / $QQQ Swing support at yesterdays low $UUP Still in trend, not out of the woods yet $TNX Short term Top? $TLT Trying to bounce $USO Still in trend $XLE Still in trend $XME Above the MAs on good volume $SMH Testing the 100 EMA $IGV Through the 100 EMA $TAN Hammer Time? $GBTC Trying the 50 Day $ETHE Are Ethereum futures coming? $BTF Why yes, Ether Futures are here. $TSLA Support at 234 $GOOGL Through the 50 on low volume $META New product announcement. $NFLX Trying to hold the 200 Day $NVDA Hopefully not a bear flag $AMD still in a channel $ON Clear slope $SHOP At the 200 Day $FN Breaking out $ANET Support at 177 $CRWD Above all the MAs $DKNG Watch 29.50 $UBER Testing the 50 Day $CLS Near a pivot on good volume $TDW Still ok $X Watch 32.50
- debeers: LONG FORM $CLF-immediately raising prices for hot rolled and cold rolled coated steel. $X-If one can raise they all will and $X had received bids before which they deemed too low. SHORT FORM: Steel yourself
- debeers: $NUE-teaming up with helion to build a 500mw power plant. Traded the Caddy($X) for the Ferrari ($NUE).
- scottrades: $X Just under resistance.
- scottrades: $X Strong trend. Watch 32.50
- woodman: @scottrades $X - See @debeers' posts discussing the bidding war for $X.
| Stock Price | $30.14 |
| Change | -4.98% |
| Volume | 11,088,600 |
United States Steel Corp is an integrated steel producer of flat-rolled and tubular products with production operations in North America and Europe. Its products serves automotive, construction and energy sector related industries.
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