The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith and industrials editor/analyst Brendan Byrnes discuss topics across the investing world.

In today's edition, Austin and Brendan talk about two massive companies with large short interests: Netflix and U.S. Steel. Austin does not buy the short case against Netflix now that the streaming media arena has become increasingly competitive.

The case against U.S. Steel also doesn't seem to be the most justified. Austin and Brendan think the exposure to Europe is scary, but the highly cyclical nature of the company is working against it as investors drive with the rearview mirror.