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TSX edges up, Wall Street slips on inflationTSX gains, Wall Street declines for the weekStocks weaken on earnings and jobless dataThis summary was created by AI, based on 3 opinions in the last 12 months.
According to the experts, Nucor Corp. is a strong player in the steel industry, benefiting from scarcity value and being a low-cost producer. However, caution is advised due to the possibility of a recession and the potential for further price decreases. Its solid balance sheet and the favorable impact of U.S. steel tariffs on China are also positive factors. Overall, Nucor Corp. is viewed as a leading steel company facing uncertain market conditions.
The country's best steel company. They just reported, but issued worsening guidance, and shares sank.
With so few steel companies, Nucor and Cleveland Cliffs enjoy scarcity value with enough business to keep pricing up, though Nucor has a much better balance sheet. It reports Monday.
Steel tariffs that the U.S. has placed on China are good for Cleveland Cliffs but great for Nucor. Also, Nucor benefit from being a low-costs producer.
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.
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.
Buy at $160-165. Shares have moved up too fast, but it's the best steel stock. Warning: can be volatile.
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. 2 analysts recommended to BUY the stock. 2 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 2024-10-04, Nucor Corp. (NUE-N) stock closed at a price of $151.44.
Shares are plunging with copper prices.