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It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is United States Steel Corporation (X - Free Report) . This Steel - Producer stock has actually seen estimates rise over the past month for the current fiscal year by about 19%. But that is not yet reflected in its price, as the stock lost 8.8% over the same time frame.
United States Steel Corporation Price and Consensus
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is over 100%, which should ultimately translate into price appreciation.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider U.S. Steel. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for X and that now might be an interesting buying opportunity.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Should U.S. Steel (X) Be On Your Radar Now?
It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is United States Steel Corporation (X - Free Report) . This Steel - Producer stock has actually seen estimates rise over the past month for the current fiscal year by about 19%. But that is not yet reflected in its price, as the stock lost 8.8% over the same time frame.
United States Steel Corporation Price and Consensus
United States Steel Corporation Price and Consensus | United States Steel Corporation Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is over 100%, which should ultimately translate into price appreciation.
And if this isn’t enough, X currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider U.S. Steel. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for X and that now might be an interesting buying opportunity.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>