US Steel X: A Strong Pick

The recent market break was decisive; thus, it’s best to turn defensive by selling some stocks, holding plenty of cash, and limiting new buying to small positions, suggests Mike Cintolo, editor of Cabot Top Ten Trader.
That said, you should keep your shopping list ready—we still have many recent earnings winners that continue to hold up well in the face of a weak market.
Our latest Top Pick is US Steel (X), which broke out from a solid base and exploded higher on enormous volume—and we think it can do well in this challenging environment.
The reason for the stock’s strength is good old earnings, which blew away all expectations last week (thanks mainly to cost-cutting), and—just as important—some very bullish comments from the CEO on the economy and demand.  (more)

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