U.S. Steel Corp. (X)


September 9, 2024

Applying a Sum-of-the-Parts Valuation Approach (Which Values the Company With or Without Nippon M&A) We See Sig. N-Term Upside; Upgrade to BUY w/ $38.57/shr PT

By Gordon L. Johnson II

U.S. Steel’s Stock Price has Come Down a Lot, but Does that Create a Buying Opportunity? Since peaking at $49.59/shr 12/18/23, U.S. Steel’s (X; BUY) shares have fell -36.9% vs. the S&P 500 being up…

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July 11, 2023

U.S. Steel Q2 Earnings Preview – Is “Big Trouble in Little China” Coming Home to Roost in the U.S.?

By Gordon L. Johnson II

We Expect U.S. Steel to Post a (very) Modest Miss in Q2, Followed by a More Substantial Miss in 2H23. In the analysis that follows, we detail why we believe X’s Q2 numbers will be…

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February 9, 2023

An Unexpected “Global Steel Price Reset” Appears Fated; We Move X to SELL from BUY; Yr-End ’23 PT Moves to $13.85 from $42.75 Prior

By Gordon L. Johnson II

Despite a Strong Reaction in the Stock the Day it Reported Q4 Earnings (i.e., Feb. 3rd), with Big River (i.e., X’s Mini-Mill) Reporting Negative EBIT in Q4, as Well as Negative EBIT in X’s USSE…

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