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Investor Insights

This 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.

Consensus
positive
Valuation
Undervalued
DON'T BUY
Nucor Corp.

The country's best steel company. They just reported, but issued worsening guidance, and shares sank.

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COMMENT
Nucor Corp.

It reports Monday. It grows by acquiring that could buy US Steel.

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BUY
Nucor Corp.

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.

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BUY
Nucor Corp.

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.

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BUY ON WEAKNESS
Nucor Corp.

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.

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BUY
Nucor Corp.

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.

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BUY ON WEAKNESS
Nucor Corp.

Buy at $160-165. Shares have moved up too fast, but it's the best steel stock. Warning: can be volatile.

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BUY
Nucor Corp.
America's best steelmaker. Is up this year by 15% and has enjoyed monster earnings growth as the economy earlier this year. Therefore, shares peaked last April the plunged by July. The market expected much weaker numbers, but that didn't happen. They just announced a light forecast, so shares fell 10% in a single day. Remember that the street under-estimated their earnings a year ago, and he wouldn't be surprised if Nucor beat again. Nucor would benefit hugely from the infrastructure bill that kicks in next year.
steel
BUY
Nucor Corp.
They announced several new factories, producing a lot more steel--highest quality in the world--and have hired a lot more people.
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BUY
Nucor Corp.
The country's biggest steelmaker just put up great numbers, driven by an extraordinary demand for cars.
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BUY ON WEAKNESS
Nucor Corp.
Too much negativity around steel now. His steel play is Nucor, but wait till it comes down further.
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DON'T BUY
Nucor Corp.
Steel prices are coming down, so don't buy Nucor at this point at the economic cycle. If energy comes back, so will Nucor, but he would buy energy before Nucor.
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COMMENT
Nucor Corp.
Steel prices are falling. If energy prices come back, so will Nucor.
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WATCH
Nucor Corp.
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.
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PARTIAL SELL
Nucor Corp.
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.
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Nucor Corp.(NUE-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Nucor Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 3 stock analysts published opinions about NUE-N. 2 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?

3 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 2024-06-14, Nucor Corp. (NUE-N) stock closed at a price of $154.69.