5 Best Materials Stocks to Buy After Fed’s Latest Rate Hike

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In this article, we will be taking a look at the 5 materials stocks to buy after the Fed’s new policy. To read our detailed analysis of these stocks, and recent policy measures and their consequences, you can go directly to see the 10 Materials Stocks to Buy After the Fed’s New Policy.

5. United States Steel Corporation (NYSE:X)

Number of Hedge Fund Holders: 30

United States Steel Corporation (NYSE:X) produces flat-rolled and tubular steel products. The company operates mainly in North America and Europe.

Curt Woodworth, an analyst at Credit Suisse, holds an Outperform rating on United States Steel Corporation (NYSE:X) shares as of September 16. The analyst also placed a $37 price target on the shares.

This September, United States Steel Corporation (NYSE:X) estimated its third quarter adjusted net earnings per diluted share to be between $1.9 to $1.95. The company has a one-year dividend growth rate of 300%, with a dividend yield of 1.07%.

United States Steel Corporation (NYSE:X) was found among the 13F holdings of 30 hedge funds in the second quarter. Their total stake value was $617 million.

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