US Steel (X) is sitting at its 200 day moving average. The stock is off over 20% from its summer highs, but this is not indicative of their business. Demand for steel has never been greater and the company has its own iron ore production - which means it does not have to outsource this commodity and as a result, can keep its margins relatively higher. The only caveat is that US Steel makes low end, lower margins products. With consolidation still very much an option as indicated by the BHP Biliton bid for Rio Tinto (RTP), it is possible that US Steel might be snapped up. Regardless, I would buy the stock here.


-- Faisal Laljee
Full Disclosure: I do not own X but my position can change anytime without notice.
Update: I bought the stock on Friday Nov 9th, but my position can change anytime without notice.