10 Best Stocks Under $50 to Buy Right Now

7. United States Steel Corporation (NYSE:X)

Share Price as of February 20: $39.04

Number of Hedge Fund Holders: 63

United States Steel Corporation (NYSE:X) is a steel producer based in Pittsburgh, Pennsylvania. It distributes flat-rolled and tubular steel products to customers in a variety of industries, including automotive, construction, consumer, electrical, and industrial.

On February 5, BMO Capital Markets raised its outlook on United States Steel Corporation (NYSE:X), with analyst Étienne Ricard raising the price target to $55 from $52, while maintaining an Outperform rating on the company’s stock. Ricard’s study highlighted US Steel’s impressive fourth-quarter performance, with organic top-line growth of 17%, indicating a period of strong execution for the company. The analyst’s research stated that all four of US Steel’s high-growth divisions produced record results and now account for about half of the company’s total sales of $15.64 billion.

United States Steel Corporation (NYSE:X) is at an important point of late, with macroeconomic and geopolitical forces working in its favor, especially in light of President Trump’s tariffs on steel and aluminum imports. Moreover, the company recently completed a significant CAPEX cycle, with Big River 2 coming online, a plant that would cost $10 billion to build today, strengthening the company’s competitive position.