Nucor Corp. (NUE-N)
54 watching
NYSE:NUE
137.74
4.67
(3.51%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
May 27, 2022, 8:00 pm
0
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
$119.750
No
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
BUY
American's biggest steelmaker. He's long heralded this as the best and cheapest way to play a recovery in autos and construction. However, analysts say that the infrastructure bill news was already baked into current shares. Wrong! After the infrastructure bill past last Friday, shares jumped 5% today, closing at 3.6%.
steel
BUY
US and Canadian steel should do well over next couple of years. China is not increasing production, to help the environment. High quality. He owns STLC. He'd be fine owning this one. Lots of earnings leverage as the cycle improves.
steel
BUY
Almost every analyst predicts steel will get crushed in 2022. But there's nothing to slow steel demand out there and demand will remain steady. NUE is a top producer and trading cheaply. Steel is subject to tariffs, and there's no new supply coming.
steel
BUY on WEAKNESS
They're best of breed, led by strong management. Offers environmentally friendly practices in steel production and a solid balance sheet. Steel prices could remain stable and not slide, given onoing demand for steel. Plus, they're buying back a ton of shares and he thinks they will continue to. They have so much clash. They are one of the best cyclicals now. It's down 20% from its high; shares are on sale. GS just downgraded this unfairly.
steel
TOP PICK
A beneficiary of the infrastructure bill as there will be a need for lots of steel. Trades at 6x earnings with a terrific balance sheet and healthy dividend. Still has room to run. Can be cyclical though it has done well. Social media mentions are up 233% in the last 24 hours.
steel
BUY
You can buy either now, because of the very-likely infrastructure plan. It's rebounding back to earlier highs. He targets $126 after the bill is finally passed.
steel
BUY
Who will benefit from the $1 trillion infrastructure bill? There's a decade, not a month, of spending here, so there will be long-term gains for certain stocks. Technical analyst Bob Lang suggests:
Infrastructure will need lots of steel. It's up 133% YTD, but Lang targets $175 or another $50. If this soars, it will do well for years, not a short time.
steel
BUY
Lazy thinking is getting in the way of a good story and quality stocks. For example, Nucor. He got back into this steelmaker at $107 earlier this year, then tumbled to $89. He bought more at $89, then Nucor reported a great quarter and shares surged back up. Today, it's back to $107. So, sell it because I'm back to even? No, a mistake. It's totally lazy thinking. Nucor trades at 6x earnings and Biden will likely pass his $1 trillion infrastructure bill which will push up steel stocks. So he shall hold. Emotion drove his decision to nearly sell.
steel
BUY
Trades at around 4-5x earnings with a terrific balance sheet and pays a healthy dividend. Still has room to run. Even if the Delta variant crushes the market and this stock, NUE will still be trading cheaply.
steel
Nucor Corp.(NUE-N) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 16
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 17
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, 17 stock analysts published opinions about NUE-N. 16 analysts recommended to BUY the stock. 1 analyst 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?
17 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 2022-05-27, Nucor Corp. (NUE-N) stock closed at a price of $137.74.
