Trump Torpedoes U.S. Steel Stock: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
It's been a rough year for U.S. Steel (NYSE: X) stockholders. Heck, it's even been a rough week!
So far this year, shares of America's eponymous steelmaker have lost 30% of their value. This downward trend almost seemed about to change when a relatively strong performance in Q2 resulted in U.S. Steel beating earnings on Tuesday -- sending the stock up 7% in response. But in the days since, U.S. Steel's stock rally short-circuited. As of today, the stock has given up all its post-earnings gains and now trades below what it cost pre-earnings.
Source: Fool.com
