Score: Neutral (37)
4 days at current score.
Downgraded from Positive on June 26th 2018
- This company ranked neutral compared to the Basic Materials sector with only 2 positive IHS Markit Categories
- Perception of the company's creditworthiness is positive
- ETFs holding this stock are seeing positive inflows but are weakening
- Bearish sentiment is low
Short interest | Positive
Short interest is extremely low for NUE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NUE.
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $547 million over the last one-month into ETFs that hold NUE are among the lowest of the last year and appear to be slowing.
PMI by IHS Markit | Neutral
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however.
Credit default swap | Positive
The current level displays a positive indicator. NUE credit default swap spreads are within the middle of their range for the last three years.
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