63.55 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||63.15 x 200|
|Ask||63.80 x 300|
|Day's Range||63.00 - 65.22|
|52 Week Range||51.67 - 70.48|
|PE Ratio (TTM)||15.51|
|Forward Dividend & Yield||1.52 (2.47%)|
|1y Target Est||N/A|
Jim Cramer hears from Nucor Chairman and CEO John Ferriola, who hoped President Donald Trump would fulfill his promise to install steel and aluminum tariffs.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer interviewed Nucor's CEO John Ferriola on CNBC's Mad Money.
Steel Dynamics (STLD) released its 1Q18 earnings on April 18, 2018. Nucor (NUE) is scheduled to release its 1Q18 earnings on April 19. U.S. Steel Corporation (X) and AK Steel (AKS) are slated to release their financial results on April 30. ArcelorMittal’s (MT) 1Q18 earnings are scheduled for May 11. In this part, we’ll discuss Steel Dynamics’ 1Q18 earnings.
"Mad Money" host Jim Cramer explains that a lack of talk about a trade war does not mean the trade dispute is over. Cramer also hears from the CEOs of Nucor and United Rentals to see how the industrials are faring. In Cramer's lightning round, he suggest investors swap out of the stock of Sprint.
Nucor sees sustainable strength in steel markets but isn't happy about the breadth of tariff exemptions granted by President Trump.
Nucor Corp's quarterly profit topped Wall Street estimates, and the No. 1 U.S. steelmaker by market value forecast a better second-quarter while praising the U.S. government's move to impose tariffs on imported steel. The results come nearly a month after U.S President Donald Trump announced his plan to impose hefty tariffs on imported steel and aluminum to protect American steel and aluminum makers from foreign competition. The company did not directly link higher selling prices for its steel and increased shipments in the first quarter, or its forecast, to the imposition of tariffs on foreign competitors in late March.
According to analysts at UBS, President Donald Trump can do very little to delay a 17% decline in U.S. steel prices through the end of 2019, and that spells bad news for shares of industry leaders such as United States Steel Corp. ( X) and AK Steel Holding Corp. ( AKS). "We closely track China as a primary leading indicator of U.S. steel prices (by one month), and conclude that risk to prices and the domestic spread is to the downside," stated Bokkenheuser.
The average sales price per ton of steel rose 9% for Nucor during the first quarter compared with the prior year. Nucor, the largest U.S.-based steelmaker, also set a bullish outlook for the current quarter as the company prepares to compete in what it considers a more equal playing field. Earlier this year, Nucor warned investors that sales growth might be offset by higher scrap prices, but the company said Thursday it now expects rising input costs to be passed on to customers after tariffs on imported steel and aluminum from countries excluding Canada and Mexico were implemented last month.
Shares of Nucor Corp. swung to a decline of 1.3% in premarket trade Thursday, after the steel products maker reported first-quarter results, while cheering the price increases resulting from tariffs announced ...
The Charlotte, North Carolina-based company said it had profit of $1.10 per share. Earnings, adjusted for non-recurring costs, were $1.17 per share. The results surpassed Wall Street expectations. The ...
U.S. steelmaker Nucor Corp reported on Thursday a 15.6 percent rise in quarterly revenue, boosted by higher shipments and selling prices. However, net income attributable to shareholders fell to $354.2 ...
Nucor Corporation (NYSE:NUE) trades with a trailing P/E of 15.9x, which is higher than the industry average of 12.3x. While NUE might seem like a stock to avoid or sellRead More...
Iron ore and steel scrap are the key steelmaking raw materials. In the United States, steel prices and scrap prices tend to move in tandem. On the other hand, Chinese steel and seaborne iron ore prices usually mirror each other.
Alcoa reported strong earnings and blowout guidance late Wednesday after the aluminum giant's stock broke out ahead of results. Steel Dynamics also topped views, with Nucor due early Thursday.
Here's your Investing Action Plan for Thursday: earnings galore from Atlassian, E-Trade, Skechers, Nucor and Taiwan Semiconductor.
President Trump finalized the Section 232 tariffs in March and imposed a 25% tariff on steel and a 10% tariff on aluminum imports. Initially, President Trump indicated that there would be no country exemptions from the tariffs. US steel producers like U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) rallied smartly as investors expected the Section 232 tariffs to lead to a sustainable fall in US steel imports.
US steel prices have risen sharply this year. Benchmark HRC (hot-rolled coil) prices are currently in the ballpark of $850 per ton, according to the data compiled by SteelBenchmarker. While there are several grades of steel products, HRC prices serve as a benchmark to gauge steel pricing environment.
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Let’s use EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) to value Cleveland-Cliffs (CLF) in relation to its peers and its historical multiples. Among Cliffs’ US steel peers, U.S. Steel Corporation (X) is trading at the lowest forward multiple of 4.5x, while Nucor (NUE) is trading at the highest multiple of 6.9x.
Nucor (NUE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.