U.S. Steel No Longer Conviction Buy (GS, X)

U.S. Steel X has been removed from Goldman Sachs' GS vaunted "Conviction Buy" list. Goldman added the stock to its "Conviction Buy" list on May 13. Shares of U.S. Steel were trading around $57 then and trade around $43 today, down roughly 24.5 percent. U.S. Steel has significant European operations that many investors believe will hurt results going forward.