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/biz/ - Business & Finance

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9699280 No.9699280 [Reply] [Original]

With all these Steel tariffs theoretically shouldn't US Steel companies stocks go up because we will be importing less?

>> No.9699295

yeah but like sergey nazarov, trump is FAT, sooo

>> No.9699316
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9699316

>>9699280
they are

look at how X stock price moved yesterday after hours when the news broke

>> No.9699334

>>9699316
Hmm debating on pulling the trigger on X before it jumps but people are dumb so I'm gonna wait to see if it dips first.

>> No.9699354

>>9699334
X
AKS
NUE
AA

however be aware all are flying very high since trump won the election

all this tariff shit is arguably priced in at this point

>> No.9699371

>>9699354
Thanks mate. X apparently is severely undervalued according to every index.

>> No.9699390

>>9699371
the stock was hovering near $5 not that long ago
the company has a huge debt load

it moves almost like a damn penny stock, routinely going +/- 5% in a day

it can be a real goldmine if you play it right but it can burn you quickly as well

>> No.9699402

>>9699280
the company i work for still buys imported steel because its the same cost. I have no idea why we do this but its not my decision.