Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Are These Stocks Trending on Monday?

In other news, United States Steel Corporation (NYSE:X) is trending after the company announced it has reached a tentative three year labor agreement with the United Steelworkers union, which will cover more than 18,000 workers at the company’s Texas, Alabama, and Ohio operations. Although the deal won’t be finalized until January or later, investors have bid up shares of United States Steel Corporation (NYSE:X) by 2% in morning trading so far. A labor deal that both sides can agree upon will preclude the possibility of a strike that would damage United States Steel Corporation’s fundamentals. Ray Dalio’s Bridgewater Associates owned 990,071 shares at the end of September.

Concluding our list of trending stocks are Live Nation Entertainment, Inc. (NYSE:LYV) and SFX Entertainment Inc (NASDAQ:SFXE). According to a Reuters article, Live Nation Entertainment, Inc. (NYSE:LYV) may be interested in acquiring part or all of SFX, but the company isn’t in a hurry to get any deal done because of SFX’s potential debt restructuring. A deal between Live Nation and SFX could help SFX bondholders realize some value in some scenarios. SFX Entertainment Inc (NASDAQ:SFXE) put itself on sale earlier this year and received some preliminary signs of interest, although nothing has been finalized, and it is unclear whether there is any value in the equity. SFX is up 7% and Live Nation is flat on the news.

Follow United States Steel Corp (NYSE:X)
Trade (NYSE:X) Now!

Follow Sfx Entertainment Inc (NASDAQ:SFXE)
Trade (NASDAQ:SFXE) Now!

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...