There is a lot of uncertainty around this year's potential new tariffs in the basic materials sector, particularly in the steel industry. With uncertainty comes a lot of shaky price action, better known as volatility, and many investors might feel confused as to what could happen next or what stock they could even look into in the next couple of months.
Well, today the answer is found in shares of United States Steel Co. (NYSE: X) despite its recent clash with the Biden administration as it blocked several takeover attempts from Japanese steelmaker Nippon Steel Co. (OTCMKTS: NISTF). Some investors might have seen this as a potentially bearish development for United States Steel, others will recognize that the timing of the transaction wasn't at all in favor of the seller, leaving investors with plenty of upside.
