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Stocks fade to end week, Bitcoin climbsMarkets slumpTSX edges up, Wall Street slips on inflationThis summary was created by AI, based on 5 opinions in the last 12 months.
Nucor Corp. (NUE) faces significant challenges due to external pressures, particularly from China, which is alleged to be dumping steel through Mexico, negatively impacting steel prices in the U.S. Experts suggest that if tariffs are imposed by the Trump administration on Chinese steel imports, it could provide a substantial boost to Nucor's stock value. However, recent guidance from the company has raised concerns, leading to a drop in share prices, exacerbated by declining copper prices, a telltale sign often correlated with steel industry performance. Despite these headwinds, Nucor is recognized as a leading player in the industry, with potential growth through acquisitions, which might include larger entities like U.S. Steel. The stock market reaction remains mixed as investors await clearer signals from upcoming earnings reports.
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 2025-04-02, Nucor Corp. (NUE-N) stock closed at a price of $123.03.
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.