But Monday drove Nucor and other stocks lower for two reasons: a market sell-off and negative developments in the steel industry. To begin, China is the world's largest producer and consumer of steel, so any potential slowdown in the nation bodes ill for steel manufacturers.
Full Answer
Is Nucor Corporation stock a buy or sell?
Dec 15, 2021 · Nucor Corp (NYSE: NUE) is trading lower Wednesday after the company issued fourth-quarter guidance below estimates. Nucor expects …
What does a hold rating on Nucor's stock mean?
Mar 29, 2022 · Earnings Growth. Earnings for Nucor are expected to decrease by -64.08% in the coming year, from $19.85 to $7.13 per share. Price to Earnings Ratio vs. the Market. The P/E ratio of Nucor is 6.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.76.
Should you hold Nucor (nut) stock?
Apr 13, 2022 · 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.
What does Nucor's PE (Price Earnings) Ratio Mean?
Jul 07, 2020 · What happened. Shares of giant U.S. steel mill Nucor Corporation (NYSE: NUE) fell 26% through the first six months of 2020, according …
Is Nucor a good stock to buy?
Nucor currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.Mar 7, 2022
Why did Nucor drop today?
Steelmaker Nucor (NUE) warned on profits amid declining volumes at its steel mills, a day after steel stocks rallied to defy a broad market sell-off. Nucor stock plunged from near a buy point with rivals also retreating.Dec 15, 2021
Is Nucor a Buy Sell or Hold?
Nucor has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 3 buy ratings, 7 hold ratings, and 1 sell rating.
Should I sell my Nucor stock?
(NUE-N) Rating. 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.
Where is Nucor building a new plant?
Mason CountyNucor will build its new $2.7-billion EAF mill beside the Ohio River in Mason County, W.Va., the company announced on Jan.Jan 14, 2022
Is Nucor overvalued?
Because Nucor is significantly overvalued, the long-term return of its stock is likely to be much lower than its future business growth, which averaged 1.7% over the past five years.Jun 6, 2021
Is Nucor undervalued?
NUE's P/CF has been as high as 16.21 and as low as 4.82, with a median of 10.68, all within the past year. These are only a few of the key metrics included in Nucor's strong Value grade, but they help show that the stock is likely undervalued right now.Nov 16, 2021
When did Nucor stock split?
NUE SplitsSplit dateSplit RatioJun 01, 20061/2 Stock SplitOct 18, 20041/2 Stock SplitSep 20, 19931/2 Stock SplitJun 22, 19921/2 Stock Split5 more rows
How high does Nucor go?
The 11 analysts offering 12-month price forecasts for Nucor Corp have a median target of 130.00, with a high estimate of 160.00 and a low estimate of 100.00. The median estimate represents a -20.39% decrease from the last price of 163.30.
Is Nucor a buy right now?
11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 7 hol...
How has Nucor's stock been impacted by COVID-19 (Coronavirus)?
Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organizat...
When is Nucor's next earnings date?
Nucor is scheduled to release its next quarterly earnings announcement on Thursday, April 28th 2022. View our earnings forecast for Nucor .
How were Nucor's earnings last quarter?
Nucor Co. (NYSE:NUE) issued its quarterly earnings data on Thursday, January, 27th. The basic materials company reported $7.97 earnings per share f...
How often does Nucor pay dividends? What is the dividend yield for Nucor?
Nucor announced a quarterly dividend on Tuesday, February 22nd. Investors of record on Thursday, March 31st will be given a dividend of $0.50 per s...
Is Nucor a good dividend stock?
Nucor pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.48%. Nucor has been increasing its dividend for 49 consecu...
How will Nucor's stock buyback program work?
Nucor declared that its board has authorized a share buyback program on Thursday, December 2nd 2021, which allows the company to repurchase $4,000,...
What price target have analysts set for NUE?
11 brokers have issued 12 month target prices for Nucor's shares. Their forecasts range from $80.00 to $142.00. On average, they anticipate Nucor's...
Who are Nucor's key executives?
Nucor's management team includes the following people: Leon J. Topalian , President, Chief Executive Officer & Director David A. Sumoski , Chief...
What is Nucor Corp. stock symbol?
Nucor Corp. is a American stock, trading under the symbol NUE-N on the New York Stock Exchange (undefined). It is usually referred to as NYSE:NUE o...
Is Nucor Corp. a buy or a sell?
In the last year, 20 stock analysts published opinions about NUE-N. 19 analysts recommended to BUY the stock. 1 analyst recommended to SELL the sto...
Is Nucor Corp. a good investment or a top pick?
Nucor Corp. was recommended as a Top Pick by null on null. 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 b...
Is Nucor Corp. worth watching?
20 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 2022-03-18, Nucor Corp. (NUE-N) stock closed at a price of $136.16.
Analysis and Opinions about NUE-N
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.
Nucor Corp. (NUE-N) Rating
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
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
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Is Nucor stock a buy or sell signal?
The Nucor Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $101.38. On a fall, the stock will find some support from the short-term average at $96.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 01, 2021, and so far it has fallen -12.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Is Deutsche Bank Aktiengesellschaft upside or downside?
Deutsche Bank Aktiengesellschaft does not see either upside or downside right now giving NUE "Hold" on their last update on July 01, 2021. The price target was changed from $75.00 to $100.00 . Over the last 30 days, this security got 0 buy, 0 sell, and 3 hold ratings.
Commodity-related stocks have been soaring in 2021, but a reversal is under way
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Several forces are coming together to reverse the surge in commodities and related stocks. Just so far this week, shares of these three stocks that rely on commodity prices are tumbling:
So what
Even with this week's slide, shares of Nucor, Hecla Mining, and Freeport McMoRan have surged 78%, 22%, and 34%, respectively, year to date. The current reversal comes as several factors emerged to turn the tide this week.
Now what
The drop in metals pricing doesn't mean the fate of the underlying businesses of these companies is about to turn. Nucor, for example, just released guidance for its 2021 second quarter yesterday. It expects record profits after the previous record was just set in the first quarter.
