US Steel (X) Sharply Lower On Heavy Volume - Zibb.com

Nov 20, 2009 (Fresh Brewed Media via COMTEX) --

US Steel (NYSE: X) closed yesterday at $41.28. So far the stock has hit a 52-week low of $16.66 and 52-week high of $51.65. US Steel stock has been showing support around 39.74 and resistance in the 43.00 range. Technical indicators for the stock are Neutral and S&P gives X a neutral 3 STAR (out of 5) hold rating. X appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 39 covered call (FBJ AE) for a net debit in the $36.68 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 11.14% downside protection and a 6.32% assigned return rate for a 40.50% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the X Jan '11 12.50 Call (OUS AE) and selling the Jan '10 39 call (FBJ AE) for a $24.60 debit. The trade has a 57 day life and would provide 10.13% downside protection and a 7.72% assigned return rate for a 49.00% annualized return rate (for comparison purposes only). US Steel has a current annual dividend yield of 0.47%.

FBB-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: investment opinion   nyse   research   S&P   trade   yield  

Companies: United States Steel Corp. (X)

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US Steel (X) NewsBite - X Rises on Steel Recovery Hopes - Zibb.com

Nov 09, 2009 (Fresh Brewed Media via COMTEX) --

US Steel (NYSE: X) opened at $38.03. So far today, the stock has hit a low of $38.03 and a high of $38.85. X is now trading at $38.68, up $1.30 (3.48%). Over the last 52 weeks the stock has ranged from a low of $16.66 to a high of $51.65. X shares are rising with other steel stocks after an official with the German Steel Federation told the media that the worst of the downturn in the steel industry has passed, and that the group "expect

s a normalisation of the steel cycle in 2011 at the earliest." Technical indicators for the stock are bullish and S&P gives X a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on X the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 30 range. ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: nyse   S&P   steel  

Companies: United States Steel Corp. (X)

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US Steel (X) Fell Over 1.8% Friday And The Stock Is Showing Bearish Technicals - Zibb.com

Oct 26, 2009 (Fresh Brewed Media via COMTEX) --

US Steel (NYSE: X) ended the last trading session at $40.87. So far the stock has hit a 52-week low of $16.66 and 52-week high of $51.65. US Steel stock has been showing support around 39.41 and resistance in the 43.23 range. Technical indicators for the stock are Bearish and S&P gives X a weak 2 STAR (out of 5) sell rating. X appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 40 covered call (FBJ AH) for a net debit in the $36.77 area. That is also the break even stock price for this trade. This covered call has an 82 day duration, provides 10.03% downside protection and an 8.78% assigned return rate for a 39.10% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the X Jan '11 10 Call (OUS AV) and selling the Jan '10 40 call (FBJ AH) for a $27.60 debit. The trade has an 82 day life and would provide 8.00% downside protection and an 8.70% assigned return rate for a 39.00% annualized return rate (for comparison purposes only). US Steel has a current annual dividend yield of 0.47%.

ABR-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: nyse   research   S&P   trade   yield  

Companies: United States Steel Corp. (X)

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US Steel Posts Narrowed Quarterly Loss of $303 million but Demand Remains Weak (X) - Zibb.com

Oct 27, 2009 (SmarTrend(R) News Watch via COMTEX) --

10/27/2009-United States Steel (NYSE:X) reported a Q3 loss of $2.11 per share, besting estimates for a loss of $2.87 per share. Revenues in the quarter plunged 61.5% year-over-year to $2.82 billion, but came in ahead of consensus estimates of $2.72 billion. US Steel reported Q3 shipments of 4.2 million tons, an increase of 41% from the sequential quarter. Remains cautious in its outlook for end-user demand, as customer order rates have decreased from Q3.

Commenting on results, U. S. Steel Chairman and CEO John P. Surma said, "For Flat-rolled, fourth quarter results are expected to improve somewhat from the third quarter due primarily to higher average realized prices and increased shipments; however, we expect to report an operating loss for the fourth quarter primarily due to low operating rates and continued carrying costs for idled facilities."

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Companies: United States Steel Corp. (X)

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