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U.S. Steel has mettle

July 31, 2012: 2:34 PM ET

It's good to be Superman for a day.

U.S. Steel's stock (X) is rallying after the Pittsburgh-based steelmaker reported earnings that swept past forecasts by a wide margin, although revenues were just in line. On top of that, U.S. Steel was cautious about the third quarter so the stock's flight may be a short-lived one.

And it also seems X does not mark the spot for StockTwits users.

etfdigest:"US Steel Income Cut in Half, but Beats View" $X this is what passes for spin now. Lower then beat. Silly $SPY

z8angela: When the forgotten old dogs begin to bark & spearhead the market's advance, the stock market is on its last feeble legs.-William O'Neil $X

And that's a mighty fine point, especially given how hard hit the stock has been. Over the past 12 months, shares of U.S. Steel have melted down.

Jinweb: $X US Steel said expecting a worst 3rd quarter. This type of talk starts bringing a stock down in a day or two. Enjoy for now. $15 to $10.

And that's exactly what U.S. Steel's rivals are doing - enjoying the run...for now.

Shares of AK Steel (AKS) are up more than 5% and Nucor (NUE) has gained almost 2%.

allstarcharts: NEW POST: US Steel Technicals on @BloombergTV http://stks.co/c33U $X $SLX I could care less about their EPS, it's all about risk/reward
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Catherine Tymkiw
Catherine Tymkiw
News Editor CNNMoney

Catherine Tymkiw is a news editor at CNNMoney where she helps oversee breaking news coverage and futures planning. Previously, she was the investing editor. Prior to joining CNNMoney, she was the online editor at Crain's New York Business and has nearly two decades of reporting and editing experience. She tweets @ctymkiwcnn

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