U.S. Steel Surges to Fresh 52 Week Highs on Positive Outlook

This is my singular high risk pick in Exodus and one of the 15 GARP stocks that I’ve chosen for the 2nd half of 2016. In my estimation, this is the best way to play a Trump presidency, as his policies proposed will directly benefit companies like X.

Shares are crushing higher after the company beat estimates and offered some positive guidance.

“The significant improvements we have made to our earnings power through our Carnegie Way transformation will become more apparent as market prices recover from the very low levels at the end of 2015. While we began to realize some benefit from recent price increases in the second quarter, we will see better average realized prices, primarily in our Flat-Rolled and European segments, in the second half of the year. Our Carnegie Way journey continues to create improvements in our business model that will enable us to be profitable across the business cycle.”

Any move against Chinese dumping or surge in polls for Trump will breathe new life into X. On the flip side, should Hillary rise in the polls, this might lose some of its gusto.