United States Steel in 3 Charts: Time to Sell?
I love steel as an investment sector and happily own industry giant Nucor (NYSE: NUE), with no plans to sell anytime soon. However, I recognize that steel is a highly cyclical industry for which the time to buy is when pessimism abounds and the time to worry is when everyone else is excited.
Right now, Wall Street is excited about steel companies and has pushed some of the most cyclical of the steel names higher. United States Steel (NYSE: X) is a prime example and it may be worth considering dumping the stock.
Image source: Getty Images.
Source Fool.com
