X 250110 34.00C (X250110C34000) Stock Options, News & Quotes

0.10
-0.26-72.22%

15min DelayClose Jan 8 16:00 ET

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Stock_Drift

20 hours ago

@NIPPON: Don’t start more and you won’t get Donny T. Take sleepy Joe’s advice and head back to Tokyo, respectively, I’m telling you, you don’t want any Trump work come J21.

$Nippon Steel (ADR) (NPSCY.US)$ $Nippon Steel (5401.JP)$ $Cleveland-Cliffs (CLF.US)$ $United States Steel (X.US)$

LazyDoDo

Jan 6 18:01

$United States Steel (X.US)$ is opposed by both Biden and Trump. If the courts reject Biden, Trump will happily block it. The spike offers a great shorting opportunity before Trump announces his own blocking of the deal.

Smalltimeplayer : I read if the deal didn't go through nippon will need to compensate US steel a big sum of money isn't it. that's good news for US steel

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吸猫西施 : No matter what the result is, we should continue to Hold.

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LazyDoDo OP Smalltimeplayer : That special payout would only (and may not even) be paid after the deal collapses which could be in months. Furthermore, if the deal collapses, the stock would plunge immediately.
There may be ST gains, but LT, without a new buyout offer beating $Cleveland-Cliffs (CLF.US)$ $35 offer, this stock has nowhere to go but back to its $20+ trading range it traded at before both offers. I mean we’ve all heard $United States Steel (X.US)$ whining about the investments they need to replace blast furnaces for months now.
The only realistic way up for this stock is to win their court cases after months of litigation, go back to CFIUS for a new, months long review, win that verdict, survive a new ban from Trump, sue the Trump administration, go back to the courts for another months long suit, win that case, then somehow continue with the buyout in a renewed period of trade tensions between the US and Japan where Trump will most likely drag out his approval as leverage to “cut a deal”.
Best case scenario, an unlikely possibility with a years long takeover process with >60% upside. Worst case, a liability with >20% downside. This is a playground for volatility loving day traders. The stock can be either bought or sold, but not held.
With that said, everything above is entirely my point of view. Any investor should do their own research on how long past court rulings on similar cases in the past took, gauge their own risk appetite given the timeframe, how they expect the Trump administration to operate alongside other relevant factors before trading this stock.

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Kevin Travers

Jan 6 15:22

Columns Market Climbed Monday, up just past Santa Rally High Water Mark | Wall Street Today

Overall, the market climbed Monday, in a shortened trading week with a market holiday on Thursday to remember a Peanut Farmer turned President. It is CES tech week, and stocks of that variety tried their best to make the most of the situation- Nvidia CEO Jensen Huang is set to speak on stage at the Las Vegas Industry Conference and likely reveal new products at 9 pm ET.
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Jan 6 09:52

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Jan 3 15:02

Columns Friday? More Like Grinch Day | Wall Street Today

So much for the Santa rally. The market closed higher on Friday, but it was not enough to overcome the past five sessions of declines.
Just after 4 pm ET, the $S&P 500 Index (.SPX.US)$ closed very close to the point value it needed to stay positive, but the Grinch came and stole the Christmas rally this year.
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