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Nucor Corp. has experienced a turbulent period due to external pressures on steel prices, particularly from imports of Chinese steel through Mexico. Experts suggest that the potential for tariffs from the Trump administration could provide a significant boost to Nucor's stock value. However, recently released guidance indicates a downturn, leading to a decrease in shares. Additionally, there is concern over the influence of falling copper prices on overall market performance. The company is recognized as a leading player in the steel industry and is actively exploring acquisition opportunities, potentially targeting US Steel to enhance growth prospects.
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.
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
In the last year, 4 stock analysts published opinions about NUE-N. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nucor Corp..
Nucor Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Nucor Corp..
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.
4 stock analysts on Stockchase covered Nucor Corp. In the last year. It is a trending stock that is worth watching.
On 2025-04-24, Nucor Corp. (NUE-N) stock closed at a price of $115.29.
China, through trans-shipments, is dumping steel through Mexico to pressure steel prices, therefore hurting Nucor. If and when Trump stops this, then NUE shares will rocket.