We recently published a list of 10 Stocks That Led Tuesday’s Charge. In this article, we are going to take a look at where United States Steel Corp. (NYSE:X) stands against other stocks that led Tuesday’s charge.

The stock market finished Tuesday’s trading in the red territory anew, erasing two consecutive days of gains, as investors repositioned their portfolios ahead of the Fed rate decision on Wednesday.

The Nasdaq registered the biggest drop among Wall Street’s main indices, declining 1.71 percent, followed by the S&P 500 with 1.07 percent, and the Dow Jones by 0.62 percent.

Despite the decline, ten companies showed off resilience during the session, finishing with modest gains. In this article, we have named the 10 top performers and detailed the reasons behind their gains.

To come up with the list, we only considered the stocks with a $2-billion market capitalization and $5 million in trading volume.

A conveyor belt winding its way through a steel production facility.

United States Steel Corp. (NYSE:X)

Shares of US Steel rose by 3.96 percent on Tuesday to close at $41.70 apiece as investors reacted positively to the Trump administration’s plea to extend the deadlines for two lawsuits filed against a national security panel to give the government more time to wrap up merger talks between US Steel and Nippon Steel.

The motion for reconsideration sparked confidence that President Donald Trump may already give the green light for X and Japan-based Nippon Steel for the acquisition.

In January this year, X and Nippon filed a lawsuit against the Committee on Foreign Investment in the United States, which reviews foreign investments for national security risks, after recommending the merger be axed on national security grounds.

Former president Joe Biden blocked the potential merger before stepping down, saying that the steel producers and the American steelworkers “are the backbone of our nation.”

Meanwhile, Trump said last month that he would not mind if Nippon acquires a minority stake in X.

Overall, X ranks 7th on our list of stocks that led Tuesday’s charge. While we acknowledge the potential of X as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as X but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.