5 Stocks to Buy Now According to Jeffrey Gendell’s Tontine Asset Management

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In this article, we will discuss 5 stocks to buy now according to Jeffrey Gendell’s Tontine Asset Management. If you want to read our detailed analysis of Gendell’s history, investment philosophy, and hedge fund performance, go directly to 11 Stocks to Buy Now According to Jeffrey Gendell’s Tontine Asset Management.

5. United States Steel Corporation (NYSE: X)

Gendell’s Stake Value: $25,170,000
Percentage of Jeffrey Gendell’s 13F Portfolio: 2.23%
Number of Hedge Fund Holders: 39

United States Steel Corporation (NYSE: X) manufactures and trades tubular steel and flat-rolled products mainly in North America and Europe. The company was founded in 1901 and ranks fifth on the list of 10 stocks to buy now according to Jeffrey Gendell’s Tontine Asset Management. Shares of United States Steel Corporation (NYSE: X) rallied 248.24% in the last 12 months, resulting in a $7.2 billion market capitalization.

On July 30, United States Steel Corporation (NYSE: X) posted earnings for the second quarter of 2021. It reported earnings per share of $3.37, beating the analysts’ expectations by $0.28. Revenue over the period was $5.03 billion, up 140.32% YoY, surpassing the predictions by $460.03 million. On July 1, Deutsche Bank analyst Sathish Kasinathan raised the price target on United States Steel Corporation (NYSE: X) to $38 from $30 and reiterated a “Buy” rating on the shares.

The hedge fund managed by Jeffrey Gendell owns 1.05 million shares in United States Steel Corporation (NYSE: X), worth $25.17 million, representing 2.23% of their portfolio. As of the second quarter of 2021, 39 hedge funds held a stake in United States Steel Corporation (NYSE: X) compared to 22 funds in the first quarter.



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