Nucor Corp.

NUE-N

NYSE:NUE

56.47
1.64 (2.82%)
Nucor Corporation is a producer of steel and related products headquartered in Charlotte, North Carolina. It is the largest steel producer in the United States of America and is the largest "mini-mill" steelmaker.
More at Wikipedia

Analysis and Opinions about NUE-N

Signal
Opinion
Expert
COMMENT
COMMENT
March 5, 2015

Still has had some fits and starts and looked like a darling, but if you look at this right now, it made a bottom at the end of January, and then came back up to what would’ve been a breakdown of around $47. Until the stock gets above $48, it wouldn’t be interesting. If it gets above $40, it could be a pretty good buy. Expect it to have a lot of gnashing and to-ing and fro-ing between $48 and $56. Indicators are right in the middle of the band, so are not really telling us about being overbought.

Nucor Corp. (NUE-N)
March 5, 2015

Still has had some fits and starts and looked like a darling, but if you look at this right now, it made a bottom at the end of January, and then came back up to what would’ve been a breakdown of around $47. Until the stock gets above $48, it wouldn’t be interesting. If it gets above $40, it could be a pretty good buy. Expect it to have a lot of gnashing and to-ing and fro-ing between $48 and $56. Indicators are right in the middle of the band, so are not really telling us about being overbought.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$47.640
Owned
Unknown
COMMENT
COMMENT
November 8, 2013

His favourite steel stock in the US. They have the pricing power and they don’t have leveraged balance sheet like others. You have to remember that this is cyclical. The time to be buying is when things are at their worst. These companies are going to make all their money in the good times and lose it all in the bad times. At this price. It is okay but is not a situation he would want to step into until he sees more performance of the US market that steel demand is going to continue. 2.7% yield.

Nucor Corp. (NUE-N)
November 8, 2013

His favourite steel stock in the US. They have the pricing power and they don’t have leveraged balance sheet like others. You have to remember that this is cyclical. The time to be buying is when things are at their worst. These companies are going to make all their money in the good times and lose it all in the bad times. At this price. It is okay but is not a situation he would want to step into until he sees more performance of the US market that steel demand is going to continue. 2.7% yield.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$54.620
Owned
Unknown
HOLD
HOLD
April 19, 2013

Broke below the 50 day moving average a couple of months ago and then below the 200 day last week. Not levered to a Chinese recovery but is really focused on what is happening in the US markets. Very well run company with a very solid management team. There is very little demand for their products. Non-residential construction is a big part of their business and they are not seeing an uptick here. 3.5% dividend yield.

Nucor Corp. (NUE-N)
April 19, 2013

Broke below the 50 day moving average a couple of months ago and then below the 200 day last week. Not levered to a Chinese recovery but is really focused on what is happening in the US markets. Very well run company with a very solid management team. There is very little demand for their products. Non-residential construction is a big part of their business and they are not seeing an uptick here. 3.5% dividend yield.

Stuart Hinshelwood
US Equities Specialist, BMO Nesbitt Burns
Price
$42.380
Owned
Unknown
DON'T BUY
DON'T BUY
September 14, 2012

Given that steel demand is falling off because iron ore prices are falling, he would hold off buying this. Of the US steel companies, this is probably the best however you are going to have to deal with the cyclicality of it and that is where the danger comes into play.

Nucor Corp. (NUE-N)
September 14, 2012

Given that steel demand is falling off because iron ore prices are falling, he would hold off buying this. Of the US steel companies, this is probably the best however you are going to have to deal with the cyclicality of it and that is where the danger comes into play.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$40.750
Owned
Unknown
HOLD
HOLD
August 17, 2012

Margins were under some pressure and obviously steel pricing has come down but it is still a low-cost manufacturer. They use more scrap than the integrated steelmakers. He feels we are starting to see growth in global industrial production again which benefits them.

Nucor Corp. (NUE-N)
August 17, 2012

Margins were under some pressure and obviously steel pricing has come down but it is still a low-cost manufacturer. They use more scrap than the integrated steelmakers. He feels we are starting to see growth in global industrial production again which benefits them.

John Zechner
Chairman, J. Zechner & Assoc
Price
$39.970
Owned
Unknown
BUY
BUY
December 13, 2010
Steel stocks have been performing well. Hasn’t been any real revenue growth in this one but things are continuing to improve and they’re becoming more productive. Likes steel. This one is about to break out to a new high.
Nucor Corp. (NUE-N)
December 13, 2010
Steel stocks have been performing well. Hasn’t been any real revenue growth in this one but things are continuing to improve and they’re becoming more productive. Likes steel. This one is about to break out to a new high.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$42.710
Owned
No
WAIT
WAIT
August 27, 2010
Had difficulties during the last week or so. Broke a key support level this week. Trend is still on the downside. Seasonally materials stocks work very well from beginning of Nov until May.
Nucor Corp. (NUE-N)
August 27, 2010
Had difficulties during the last week or so. Broke a key support level this week. Trend is still on the downside. Seasonally materials stocks work very well from beginning of Nov until May.
Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$37.250
Owned
Unknown
TOP PICK
TOP PICK
October 21, 2008
Has been able to build many mills next to their end customers saving transportation costs. Dividend yield of 6.5% was at 4X earnings, which is excellent valuation. Very well run company. Outlook for the US steel industry is reasonably good.
Nucor Corp. (NUE-N)
October 21, 2008
Has been able to build many mills next to their end customers saving transportation costs. Dividend yield of 6.5% was at 4X earnings, which is excellent valuation. Very well run company. Outlook for the US steel industry is reasonably good.
Jim Hardesty
President, Hardesty Capital Mangaement
Price
$36.060
Owned
Yes
DON'T BUY
DON'T BUY
August 21, 2008
Basics material group had enormous pullback in June. Steel group has more difficult concerns around pricing power, which up until very recently has been very strong. Emerging markets and China markets has pulled back substantially. Would want to see the stock trade above $58/$59 before he would be entering.
Nucor Corp. (NUE-N)
August 21, 2008
Basics material group had enormous pullback in June. Steel group has more difficult concerns around pricing power, which up until very recently has been very strong. Emerging markets and China markets has pulled back substantially. Would want to see the stock trade above $58/$59 before he would be entering.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$52.330
Owned
No
COMMENT
COMMENT
December 18, 2006
Has done exceptionally well as have all steel stocks. Tied more to non-residential construction and feels that market is still going to be strong.
Nucor Corp. (NUE-N)
December 18, 2006
Has done exceptionally well as have all steel stocks. Tied more to non-residential construction and feels that market is still going to be strong.
David Taylor, MBA, CFA
Vice President & Portfolio Manager, Goodman & Company, Investment Counsel
Price
$57.090
Owned
No
HOLD
HOLD
December 15, 2006
In a dynamic powerful uptrend. Stay with it.
Nucor Corp. (NUE-N)
December 15, 2006
In a dynamic powerful uptrend. Stay with it.
Kenneth P. Norquay, CMT
Partner, Castlemoore Inc.
Price
$59.280
Owned
Unknown
VAGUE
VAGUE
October 21, 2004
Like all the steels in North America (Stelco excluded) it has had a big run. There has been profit taking, so the stock has dropped. Demand for steel by China has come off some.
Nucor Corp. (NUE-N)
October 21, 2004
Like all the steels in North America (Stelco excluded) it has had a big run. There has been profit taking, so the stock has dropped. Demand for steel by China has come off some.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$40.940
Owned
Unknown
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