U.S. Steel: Wait, I Though It Earnings Were Bad?

Now that’s a turnaround. Shares of U.S. Steel (X) have surged higher this morning despite trading down more than 4%in pre-open trading. On first glance it’s hard to understand why, considering the weakness of U.S. Steel’s earnings. JPMorgan’s Michael Gambardella and team explain: U.S. Steel via Bloomberg News U.S. Steel reported 2Q15 adjusted EPS of ($0.79), [...]