United States Steel is going to be the stock that would outperform this uncertain market.
The stock has held up really well at $52.81 now. Volume today was at its highest, which shows that there were more buyers at these low price than sellers at yesterday’s higher price.
US steel has been placed in Goldman Sachs’ conviction buy list. This is a plus point. The last time Goldman Sachs placed US STEEL in its conviction buy list, the stock rose from $40 to $66.
This time, it is possible that the stock rally from $52 to $77.
US STEEL is my best buy idea for this month.
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