The White House has come out against Nippon Steel's planned $15 billion acquisition of United States Steel (X -1.40%), and investors are worried about what that means for the deal. Shares of the target are down 15% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence,The problem with big deals in election yearsU.S. Steel, owner of some of the nation's largest steelmaking facilities, was put in play last year after receiving an unsolicited offer from Cleveland-Clif ...

ToplinePresident Joe Biden will speak out Thursday against the proposed $14 billion acquisition of United States Steel by Tokyo-based Nippon Steel, multiple outlets reported, a deal that is currently under federal scrutiny after raising national security concerns from the White House.The $14.9 billion all-cash proposed deal was announced in December, quickly drawing criticism from ... [+] legislators—and Biden is now speaking out against selling the “iconic” company.Copyright 2019 The Associated Press. All ...

United States Steel (NYSE:X) stock plunged on Wednesday on reports that President Joe Biden plans to voice concerns over Japan-based Nippon Steel’s (OTCMKTS:NPSCY) proposed purchase of the steelmaker. Indeed, X stock closed in the red by almost 13% today, one of its largest single-day losses in years. It appears that the Biden Administration is attempting to appease the American steel union as it pursues better agreement terms from Nippon. Nippon has proposed to purchase U.S. Steel for $55 per share. Biden ...

Core Insights - United States Steel Corporation (U.S. Steel) announced a strategic investment in Freespace Robotics to support talent acquisition and retention in the region [1] - The investment aims to foster innovation and boost the regional economy, positioning the area as an innovation hub [1] - Jim Cook from U.S. Steel will join Freespace Robotics' board of directors as part of the investment [1] Company Overview - Freespace Robotics specializes in autonomous storage systems that utilize robots for efficient storage and retrieval of goods [2] - The investment will enable Freespace to conduct pilot programs, establish manufacturing facilities, and expand its workforce [2] - The warehouse automation market is projected to grow at a CAGR of over 15% in the U.S. through 2028, reaching a global market value of $44 billion [2] Industry Context - U.S. Steel emphasizes the importance of advanced technologies in creating resilient supply chains and commends Freespace Robotics for its innovation [3] - Freespace Robotics operates within Carnegie Foundry, collaborating with the National Robotics Engineering Center (NREC) at Carnegie Mellon University [3] - U.S. Steel is a significant investor in Carnegie Foundry, highlighting its commitment to local industrial innovation [3] Financial Performance - U.S. Steel's shares have increased by 75.7% over the past year, outperforming the industry average of 12.1% [4] - The company currently holds a Zacks Rank 1 (Strong Buy), indicating strong market performance [5]

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced a strategic investment in Pittsburgh-based Freespace Robotics, a pioneering manufacturer of robotic storage and retrieval systems that are in demand by warehouses worldwide. This investment will help Freespace hire and retain local talent as well as recruit others into the region. " Investing in Freespace Robotics is another way we’re promoting innovation while supporting the regional economy and its work ...

Company Performance - United States Steel (X) closed at $47.57, with a daily increase of +0.78%, underperforming the S&P 500's gain of 1.03% [1] - Over the past month, shares of United States Steel appreciated by 2.45%, lagging behind the Basic Materials sector's gain of 3.78% and the S&P 500's gain of 3.21% [1] - The upcoming earnings disclosure is anticipated, with an expected EPS of $0.93, reflecting a growth of 20.78% year-over-year, while revenue is projected at $4.24 billion, indicating a decrease of 5.08% compared to the same quarter last year [1] Annual Estimates - For the full year, Zacks Consensus Estimates project earnings of $3.76 per share and revenue of $16.34 billion, showing declines of -20.51% and -9.47% respectively from the previous year [2] - Recent revisions to analyst forecasts are crucial, as positive revisions indicate optimism about the company's business and profitability [2] Zacks Rank and Valuation - United States Steel currently holds a Zacks Rank of 1 (Strong Buy), with the consensus EPS estimate increasing by 26.9% over the last 30 days [3] - The company has a Forward P/E ratio of 12.54, which is higher than the industry average Forward P/E of 10.74, suggesting that United States Steel is trading at a premium [3] - The Steel - Producers industry is part of the Basic Materials sector and currently ranks 173 in the Zacks Industry Rank, placing it in the bottom 32% of over 250 industries [3]

Automotive Industry in Great Britain - Great Britain has seen a surge in auto production despite a decline in direct British ownership of automakers, indicating a shift in management to more capable stewards [1] - The British market remains a hub for European automobile manufacturing, providing consumers access to a variety of top brands [1] U.S. Steel Acquisition by Nippon Steel - Nippon Steel is attempting to acquire U.S. Steel for $14 billion, which has raised concerns among U.S. politicians regarding national security and access to steel production [3][4] - The acquisition is viewed as a strategic move to access U.S. Steel's assets and market share, rather than a signal of the company's decline [4] - U.S. Steel's current valuation indicates it is no longer the dominant force it once was, suggesting that the acquisition could place the company in more effective management hands [4] - The notion of national security concerns is considered exaggerated, as foreign producers will continue to trade with the U.S. regardless of ownership [5]

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it has been named “ one of the 2024 World’s Most Ethical Companies®” by Ethisphere, the global leader in defining the standards of ethical business practices. This marks the third consecutive year that U. S. Steel has received this widely sought-after recognition, a testament to the company’s differentiated ethics and compliance programs and its ongoing dedication to its Best for All® strategy. U. S. ...

In the latest market close, United States Steel (X) reached $47.40, with a +0.13% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%.The steel maker's stock has climbed by 1.52% in the past month, exceeding the Basic Materials sector's gain of 1.26% and lagging the S&P 500's gain of 5.2%.Investors will be eagerly watching for the performance o ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights United States Steel (X) as a strong value stock based on its financial metrics and Zacks Rank [1][2][3] Company Summary - United States Steel (X) has a Zacks Rank of 1 (Strong Buy) and an A grade for Value, indicating strong potential for value investors [2] - The stock has a Price-to-Book (P/B) ratio of 0.95, which is significantly lower than the industry average of 1.67, suggesting it may be undervalued [2] - Over the past 52 weeks, X's P/B ratio has fluctuated between 0.45 and 1, with a median of 0.64, further supporting the undervaluation thesis [2] - The Price-to-Cash Flow (P/CF) ratio for X is 5.84, which is attractive compared to the industry average of 11.14, indicating strong cash flow relative to its market value [2] - In the last 12 months, X's P/CF has ranged from 1.90 to 6.21, with a median of 3.58, reinforcing the notion of its undervaluation [2][3] Investment Outlook - The combination of X's favorable financial metrics and strong earnings outlook positions it as a compelling value stock in the current market [3]