Consider U.S. Steel, Because Steel Is Back In Style

Filed under: U.S. Steel (X), Stocks to Buy

It appears the reviews of U.S. Steel (X), first discussed here on April 15, 2009 at a price of $27.61, just can't keep up with the steelmaker's performance.



Originally expected earn only a slight profit in 2010, look for U.S. Steel to return solidly to the profit side of the ledger, aided by a likely 40-50% surge in revenue this year.



The reason? The U.S./global economic recoveries, which are driving large increases in steel demand. Durable goods and big ticket items like washers, driers, and kitchen ranges require steel, and their bullish trend bodes well for X.

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Consider U.S. Steel, Because Steel Is Back In Style originally appeared on BloggingStocks on Tue, 13 Apr 2010 17:40:00 EST. Please see our terms for use of feeds.

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