Buy, Sell or Hold: Nucor Corp. (NUE-N) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Nucor Corp. (NUE-N)

NYSE:NUE

161.16

0.07 (0.04%) 1d

TSX gains, Wall Street declines for the week Stocks weaken on earnings and jobless data Rally pauses, crypto struggles

BUY ON WEAKNESS

The best steel company, but nobody will buy this if we enter a recession. This could go even lower, so wait for a lower price.

steel

BUY

Has outlasted all its steel peers over time. Superior balance sheet and has raised its dividend for 50 years. Trades at only 5x trailing earnings. However, the street predicts EPS to fall by half between 2022's peak and this year, and even lower in 2024. His take: if we avoid recession, shares will soar. Also, Nucor will supply most of the steel needed during the coming wave of infrastructure spending, driven by the IRA act. A long-term investment.

steel

BUY ON WEAKNESS

Buy at $160-165. Shares have moved up too fast, but it's the best steel stock. Warning: can be volatile.

steel

BUY

America's best steelmaker. Is up this year by 15% and has enjoyed monster earnings growth as the economy earlier this year. Therefore, shares peaked last April the plunged by July. The market expected much weaker numbers, but that didn't happen. They just announced a light forecast, so shares fell 10% in a single day. Remember that the street under-estimated their earnings a year ago, and he wouldn't be surprised if Nucor beat again. Nucor would benefit hugely from the infrastructure bill that kicks in next year.

steel

BUY

They announced several new factories, producing a lot more steel--highest quality in the world--and have hired a lot more people.

steel

BUY

The country's biggest steelmaker just put up great numbers, driven by an extraordinary demand for cars.

steel

BUY ON WEAKNESS

Too much negativity around steel now. His steel play is Nucor, but wait till it comes down further.

steel

DON'T BUY

Steel prices are coming down, so don't buy Nucor at this point at the economic cycle. If energy comes back, so will Nucor, but he would buy energy before Nucor.

steel

COMMENT

Steel prices are falling. If energy prices come back, so will Nucor.

steel

WATCH

Likes it but has sold shares from February to early April, because cyclicals get hit when the Fed tightens aggressively. Shares have fallen so far that it trades under 5x earnings; Wall St. worries earnings will plunge in 2023 after the Fed kills inflation (and high steel prices). The stock could be attractive now. Today, Nucor announced it will buy C.H.I. Overhead Doors (makes garage doors) and shares fell because it puzzled investors.

steel

PARTIAL SELL

He recently trimmed his position in order to be ready to seize opportunities both in tech and non-tech, if the Fed raises rates and the market comes down. Nucor was up a lot, so he took some profits.

steel

BUY

Among the 10 top performers on the S&P of 2021 #10, up 115%. This boasts multi-year rallies, so he thinks this has a chance of repeating 115%. Pricing in steel will stay strong this year. Earnings estimates are way too low. The street disagrees with him which makes him like this even more.

steel

BUY

It sold off hard this week. They last reported margin pressure which freaked out the street. He bought when this sank at $14 and his since risen, like 6% today. People get way too negative, too quickly, but take longer to get positive. Pays an okay dividend. It's an cyclical, but as extreme as others. Take advantage on the protective steel tariffs, which lets this stock blossom. This stock does well early in a rate-hike cycle. Also, Biden has passed his infrastructure bill, so that's a tailwind. Secondly, autos are in short supply at least for a quarter or two, and NUE makes steel for those. Thirdly, oil drillers need steel. It should be a core position, and it's levered to several industries. Strong management. It's a rare growth-cyclical stock which the market craves now. Trades at a low PE.

steel

BUY

Contractors who will benefit from the this bill. He should've bought this when the bill was siged. Instead, he own and would buy Nucor, the biggest steel producer. A growth company and he sees 2022 as an up year. Has a low PE.

steel

BUY

Opportunities after the infrastructure bill has been signed? A growth company and he sees 2022 as an up year in earnings, though analysts see it downward. Has a low PE. It's actually unrelated to the infrastructure bill

steel

Showing 1 to 15 of 46 entries

Nucor Corp.(NUE-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

Stockchase rating for Nucor Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nucor Corp.(NUE-N) Frequently Asked Questions

What is Nucor Corp. stock symbol?

Nucor Corp. is a American stock, trading under the symbol NUE-N on the New York Stock Exchange (NUE). It is usually referred to as NYSE:NUE or NUE-N

Is Nucor Corp. a buy or a sell?

In the last year, 6 stock analysts published opinions about NUE-N. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nucor Corp..

Is Nucor Corp. a good investment or a top pick?

Nucor Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Nucor Corp..

Why is Nucor Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nucor Corp. worth watching?

6 stock analysts on Stockchase covered Nucor Corp. In the last year. It is a trending stock that is worth watching.

What is Nucor Corp. stock price?

On 2023-11-28, Nucor Corp. (NUE-N) stock closed at a price of $161.16.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Nucor Corp. (NUE-N)

NYSE:NUE

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N) Rating

Nucor Corp.(NUE-N) Frequently Asked Questions

What is Nucor Corp. stock symbol?

Is Nucor Corp. a buy or a sell?

Is Nucor Corp. a good investment or a top pick?

Why is Nucor Corp. stock dropping?

Is Nucor Corp. worth watching?

What is Nucor Corp. stock price?

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Mike Vinokur

Larry Berman CFA, CMT, CTA

Jeff Parent B. Eng. FCSI CIM

Stockchase Insights

Trending stocks today

Nucor Corp. (NUE-N)

NYSE:NUE

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N)

Nucor Corp.(NUE-N) Rating

Nucor Corp.(NUE-N) Frequently Asked Questions

What is Nucor Corp. stock symbol?

Is Nucor Corp. a buy or a sell?

Is Nucor Corp. a good investment or a top pick?

Why is Nucor Corp. stock dropping?

Is Nucor Corp. worth watching?

What is Nucor Corp. stock price?

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Mike Vinokur

Larry Berman CFA, CMT, CTA

Jeff Parent B. Eng. FCSI CIM

Stockchase Insights