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.
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.
And that's exactly what U.S. Steel's rivals are doing - enjoying the run...for now.
Not a member yet?Sign up now for a free account
|Big protests are coming to Hong Kong's financial district|
|Why I left a job in finance to play video games|
|Why Buffett's son bought Rosa Parks' papers|
|Slow Comcast speeds were costing Netflix customers|
|Malaysia Airlines slashes 6,000 jobs in major restructuring|