Buy, Sell or Hold: Nucor Corp. (NUE-N) — Stock Predictions at Stockchase

NYSE:NUE

105.16

1.86 (1.80%) 1d

Showing 1 to 15 of 28 entries

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

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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

BUY

He totally disagrees that things won't get better, that this quarter was great and can't get better. Rather, we're in year one of a multi-year cycle, and Biden won't remove tariffs which will protect Nucor. Buy this now, and buy even more in the $80s.

steel

BUY on WEAKNESS

It's the second-best performer on the S&P, up 105% YTD. Those fearing an interest rate hike will lead to steel prices cooling and NUE's business cooling, because anything using steel (ex-infrastructure) might be hurt by higher rates. Despite that, Nucor bought a Cornerstone Building Brands today, which may be good for their business. But the stock sold off today anyway over 1%. He thinks this is a great buying opportunity. NUE has a great track record when the cycle gets going like now.

steel

BUY

It's a multi-year investment. It's the best-performing stock on the S&P this year. Buy this for several years--that's the timeline. The price target is secondary.

steel

BUY on WEAKNESS

This can be quite cyclical, though it's done very well. Given this run up, definitely wait for a dip. Also, watch steel prices closely and if imports are increasing, which could weaken NUE's earnings.

steel

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TOP PICK

This is America's largest steel producer and will directly benefit from an infrastructure boom as everything from bridges to buildings will need steel. Also, makers of cars and applicances are bouncing back strongly from last year's lockdowns. In mid-March, Nucor issued guidance by projecting $3.10 EPS, which was far above the street's $2.79. A month later, the company released Q1 earnings of US$942.4 million, which vaulted past its previous quarterly high from 2008 by more than US$200 million. Further, the company stressed in its forecast that current strong demand “will continue through the rest of 2021” and 2021 profits should reach US$1.9 billion, close to matching previous record annual earnings. The good times are likely to continue, though there's always the chance that foreign competitors could limit demand for Nucor. Chances are, however, that the next few quarters look rosy.

steel

BUY

The biggest, best steelmaker in America. They reported in line yesterday and forecasted a rosy year. Near-term strength is baked in. The next quarter could see peak earnings, but he thinks this is wrong. Rather, they'll continue to excel.

steel

BUY

They report Thursday. He expects the steelmaker to report incredible numbers.

steel

BUY

The best of breed steelmaker. They delivered interim quarterly guidance last week, projecting $3.10 EPS which was much higher than Wall Street's $2.79 expectations. He thinks they can deliver this, which would be there best EPS ever. NUE is trading at only 8x earnings. There's lots of room to run.

steel

BUY

A past pick from summer 2020 when we started turning the corner on the pandemic The best of the American steelmakers. NUE has been lifted by vaccine news and after the Democrat Blue Wave. Infrastucture is expected to pop, and infrastructure needs steel. A cyclical that still has room to run.

steel

Showing 1 to 15 of 28 entries

Nucor Corp.(NUE-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 14

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, 14 stock analysts published opinions about NUE-N. 14 analysts recommended to BUY the stock. 0 analysts 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?

14 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 2021-10-20, Nucor Corp. (NUE-N) stock closed at a price of $105.16.

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