JPMorgan analyst Michael Gambardella says that while U.S. Steel's results and guidance "shocked" the market, investors should be asking themselves why the company is accelerating the spending for its asset revitalization program. U.S. Steel CEO Mario Longhi has likely gained confidence that the steel industry will receive significant support from the Trump Administration to limit illegal import supplies, Gambardella tells investors in a post-earnings research note. He believes this will create a more stable and more profitable marketplace for domestic steel. As such, the analyst keeps an Overweight rating on U.S. Steel with a $46 price target.