NUE - Nucor Corporation
| Previous Close | 57.70 |
| Open | 57.86 |
| Bid | 57.15 x 1200 |
| Ask | 57.16 x 800 |
| Day's Range | 56.48 - 58.00 |
| 52 Week Range | 49.79 - 70.03 |
| Volume | 1,799,857 |
| Avg. Volume | 2,693,250 |
| Market Cap | 17.979B |
| Beta (3Y Monthly) | 1.54 |
| PE Ratio (TTM) | 8.75 |
| EPS (TTM) | 6.55 |
| Earnings Date | Jan 29, 2019 |
| Forward Dividend & Yield | 1.60 (2.77%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 70.43 |
Market Realist•55 minutes agoAre Trump’s Tariffs Having the Desired Effect?
How Trump’s Steel Tariffs Could Play Out This Year(Continued from Prior Part)Trump’s tariffsAs we learned earlier, last year, President Donald Trump imposed Section 232 tariffs on US steel and aluminum imports. With the tariffs, the Trump
Market Realist•2 hours agoHow China’s Slowdown Offset Trump’s Steel Tariffs
How Trump’s Steel Tariffs Could Play Out This Year(Continued from Prior Part)US steel companiesAs we discussed in the previous article, US steel stocks saw a selling spree last year, when there was a stark disconnect between steel companies’
- Market Realist•4 hours ago
How Trump’s Steel Tariffs Could Play Out This Year
How Trump’s Steel Tariffs Could Play Out This YearTrump’s steel tariffs Last year, President Donald Trump imposed a 25% tariff on US steel imports and a 10% tariff on aluminum imports. The tariffs were imposed after an investigation by the US
- Market Realist•8 hours ago
U.S. Steel Corporation: Downgrades Are Stacking Up
U.S. Steel Corporation: Downgrades Are Stacking UpDowngrade On January 22, Jefferies downgraded U.S. Steel Corporation (X) to “hold” and cut its target price from $27 to $24. The stock has already been downgraded in 2019. Several analysts have
- Market Realist•yesterday
Multilateral or Unilateral: What’s the Best Way to Counter China?
Multilateral or Unilateral: What’s the Best Way to Counter China?China US President Donald Trump has taken a tough stance on the country’s massive trade deficit with China. The Trump administration went ahead with tariffs on Chinese goods
- Markit•yesterday
See what the IHS Markit Score report has to say about Nucor Corp.
# Nucor Corp ### NYSE:NUE View full report here! ## Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment 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. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.14 billion over the last one-month into ETFs that hold NUE are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. NUE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Market Realist•yesterdayCan Cleveland-Cliffs’ Valuation Catch Up to Its Fundamentals?
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)Cleveland-Cliffs’ valuationAmong major US (SPY) steel stocks (XME), U.S. Steel (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA
- Market Realist•2 days ago
What Analysts Think about CLF Stock in 2019
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)Analyst sentiment Many analysts turned positive on Cleveland-Cliffs (CLF) stock in 2018. While at the beginning of March 2018, only 30% of the analysts
Market Realist•5 days agoHave US Steel Prices Hit Bottom after Rough Second Half of 2018?
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)US steel prices One of the factors driving the weakness in US (IVV)(SPY) steel companies’ stock prices and Cleveland-Cliffs’s (CLF) stock price in
Market Realist•5 days agoCan US Steel Production Continue to Favor CLF Stock in 2019?
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)US steel productionDomestic steel production is one of the major demand drivers for Cleveland-Cliffs’ (CLF) iron ore pellets. Therefore, in this part,
- Market Realist•5 days ago
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?US steel stocks surge after a tough year US steel stocks had a weak 2018 despite the Trump administration’s tariffs on imported steel products. However, after a rough 2018, US steel
Market Realist•5 days agoU.S. Steel Corporation: Investors Are Bullish
US Steel Stocks: Analysts' Expectations in 2019(Continued from Prior Part)U.S. Steel CorporationU.S. Steel Corporation (X) is scheduled to release its fourth-quarter earnings on January 30. The company would hold its earnings call the next day. The
- Market Realist•6 days ago
AK Steel: Analysts Could Be Right in 2019
US Steel Stocks: Analysts' Expectations in 2019(Continued from Prior Part)Analysts could be right AK Steel (AKS) is scheduled to release its fourth-quarter earnings on January 28 after the markets close. The company would hold its earnings call the
Market Realist•6 days agoNucor or Steel Dynamics: Which Stock Do Analysts Prefer?
US Steel Stocks: Analysts' Expectations in 2019(Continued from Prior Part)NucorSteel Dynamics (STLD) is scheduled to release its fourth-quarter earnings on January 22. Nucor (NUE), the largest US-based steel producer, is scheduled to release its
- Market Realist•6 days ago
US Steel Stocks: Analysts’ Expectations in 2019
US Steel Stocks: Analysts' Expectations in 2019Analysts Overall, 2018 was nothing short of a nightmare for US steel stocks. U.S. Steel Corporation (X) and AK Steel (AKS) fell 48.2% and 60.2%, respectively. Nucor (NUE) fell 18.5%, while
- Markit•8 days ago
See what the IHS Markit Score report has to say about Nucor Corp.
# Nucor Corp ### NYSE:NUE View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment 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. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.97 billion over the last one-month into ETFs that hold NUE are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. NUE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Benzinga•8 days ago
Jim Cramer Shares His Thoughts On Alibaba, Dynavax, Starbucks And More
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Dynavax Technologies Corporation (NASDAQ: DVAX ) is too low to sell, but he doesn't have a catalyst. Instead of ArcelorMittal SA (NYSE: ...
Market Realist•9 days agoHow to Counter China: Steel Could Show the Way
China’s Trade Surplus Surges Higher under Trump’s Watch(Continued from Prior Part)ChinaChina (FXI) exported 5.56 million metric tons of steel in December, a yearly fall of 1.9%. However, exports rose 4.5% on a month-over-month basis. China’s
- PR Newswire•12 days ago
Nucor Invites You to Join Its Fourth Quarter of 2018 Conference Call on the Web
CHARLOTTE, N.C. , Jan. 11, 2019 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its live conference call with host John Ferriola , ...
Market Realist•12 days agoIs U.S. Steel’s Low Valuation a Value Trap?
In this article, we’ll do a comparative analysis of steel companies’ valuations based on forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization). U.S. Steel (X) has a forward EV-to-EBITDA of 2.9x its 2019 consensus EBITDA and 3.4x its 2020 consensus EBITDA. The stock’s forward valuation multiples are the lowest among the steel stocks that we’re covering in this series.
- Market Realist•12 days ago
CLF: Why Jim Cramer Is Worried about This ‘Best-in-Show’ Stock
CLF: Why Jim Cramer Is Worried about This 'Best-in-Show' Stock ## Jim Cramer: CLF is ‘Best-in-Show’ company Yesterday, Jim Cramer, the Mad Money host, answered caller’s questions regarding Cleveland-Cliffs (CLF) stock. He said, “The company’s best in show, but I’ve got to tell you, the stock is not going to be a good stock if the Fed tightens again. I don’t think they’re going to in the near future, but I’ve got to tell you, it makes me nervous.” ## Fed’s rate hike chances bleak On January 4, Fed Chair Jerome Powell said that the Fed could be more patient with its policy stance if needed. Yesterday, he again stressed that the Fed could be patient while approving further hikes, as it continues to monitor the gauges of the US economy (SPY). These two back-to-back appearances from the Fed chair with dovish statements have assured markets that the Fed will not take any surprise action on rate hikes. The markets have been quite relieved with this stance from the Fed as well as from the recently concluded US-China trade talks. ## Cleveland-Cliffs’ fundamentals While Cleveland-Cliffs stock rose by 6.7% in 2018, it plunged 39% in the last quarter alone. This, however, had more to do with the overall risk-off sentiment and the slowdown concerns of China rather than anything related to CLF itself. As compared to CLF’s positive price action, its US peers (DIA) (IVV), AK Steel (AKS), U.S. Steel (X), ArcelorMittal (MT), Steel Dynamics (STLD), and Nucor (NUE) reported returns of -60%, -48%, -36%, -30%, and -18%, respectively, for 2018. Cleveland-Cliffs’ fundamentals have been improving since its new management took over in 2014. Its non-core assets have sold off with the seaborne operations being the last, which took a lot of volatility out of the stock. Its debt concerns have been laid to rest. Moreover, the company is solidly marching on its growth path with the ongoing construction of an HBI (hot briquetted iron) plant. As we argued in Why Now Might Be a Good Time to Look Again at Cleveland-Cliffs, CLF is attractively valued based on its multiple relative to its peers and its historical valuation. See Revisiting the Case: How Does Cleveland-Cliffs Look Now? for an in-depth analysis of CLF’s fundamentals and valuations.
- Market Realist•13 days ago
Would Trump Sacrifice Steel Tariffs for Broader Trade Deals?
Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## Steel tariffs Last year, President Trump imposed a 25% tariff on US steel imports that helped lift US steel prices to multiyear highs. The Trump administration has already granted Section 232 exemptions to some countries including Brazil and South Korea. The United States renegotiated its trade deal with South Korea last year. ## Negotiation tactic The Trump administration has indicated that Section 232 tariffs have helped bring other countries to the negotiating table. Section 232 exemptions could be extended to other countries also, as the Trump administration moves forward on new trade deals. While the Section 232 exemptions could be negative for US steel companies like U.S. Steel (X), AK Steel (AKS), and Nucor (NUE), we should remember that Trump has stood firm on his support to the US steel industry (SPY). ## Quotas While South Korea has been granted a long-term exemption from the Section 232 tariffs, the country agreed to a quota to get the exemption. In the case of Canada and Mexico, while the countries have agreed to the new USMCA, they are still covered under Section 232 tariffs. The Trump administration has been pushing for quotas below the current level of imports. As some countries like Canada haven’t agreed to quotas, they haven’t been granted Section 232 exemptions even after a new trade deal. This year, we could see the Trump administration move forward on some new trade deals. We could see quotas be imposed for Section 232 exemptions. US steel companies wouldn’t mind the exemptions much if the quotas are reasonably below the current import levels. China’s slowdown could be another key driver for US steel and iron ore companies this year. We’ll discuss this in detail in the next article. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 3 - What Should US Steel Investors Watch Out for in 2019?
- Market Realist•13 days ago
Are Steel Oversupply Concerns Unfounded?
Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## Steel oversupply Some observers have pointed out that US steel markets could witness oversupply that could depress prices. To be sure, we saw a plant restart by U.S. Steel (X) last year. Nucor (NUE) and Steel Dynamics (STLD) have announced a slew of new projects that would add to US steel production capacity. But are US steel markets staring at an oversupply situation? Let’s discuss this in perspective. ## Section 232 tariffs To be sure, US steel production has been on an uptrend after President Trump imposed Section 232 tariffs in March. Last year, US steel production rose 6.2% year-over-year. In absolute terms, US steel production rose ~5.5 million tons. The calculations are based on the American Iron and Steel Institute’s weekly steel production data until December 29. Meanwhile, while US steel production has risen, it has been accompanied by falling imports. According to the Census Bureau’s final data, US steel imports fell by 3.2 million tons in the first nine months of 2018 as compared to the corresponding period in 2017. Preliminary data showed a small rise in October imports. Imports likely fell in November and December as well. However, the November steel imports data is yet to be published due to the government shutdown. Nonetheless, as of now, higher steel production doesn’t seem to be a problem for US steel markets (AKS), as it’s leading to import substitution. However, if the Section 232 tariff is watered down, we could see an increase in imports. We’ll discuss this in detail in the next article. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 3 - What Should US Steel Investors Watch Out for in 2019?
- Market Realist•13 days ago
What Should US Steel Investors Watch Out for in 2019?
Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? (Continued from Prior Part) ## US steel investors 2019 has started on a positive note for US steel stocks like U.S. Steel (X), Nucor (NUE), and AK Steel (AKS). In this article, we’ll see what US steel investors should watch out for this year after a strong start to the year. ## Domestic factors The demand-supply equation could be a key driver of US steel prices (MT). Over the last couple of months, US steel demand indicators, particularly from the housing and automotive sectors, have shown signs of moderating growth. On the supply side, US steel production has been on an uptrend on domestic capacity restarts. So far, incremental supply hasn’t negatively impacted the supply situation, as it has been accompanied by a fall in imports. However, it will be crucial to see how the imports situation unfolds this year. ## China Steel investors (CLF) are also closely watching China’s slowdown. Chinese steel prices came under pressure last year amid weak demand from the real estate and automotive sectors. The steps taken by the Chinese government to arrest the growth slowdown could impact Chinese as well as US steel prices. This year, we could see the Trump administration move forward on new trade deals. This could also mean Section 232 exemptions for more countries. From steel companies’ perspective, it would be crucial that the exemptions are accompanied with a quota. Finally, Trump’s policies on the proposed infrastructure investments could be a key driver for steel companies this year. We’ll discuss these drivers in detail in the coming articles. Continue to Next Part Browse this series on Market Realist: * Part 1 - Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? * Part 2 - Are We Seeing a Typical Dead Cat Bounce from Steel Stocks? * Part 4 - Are Steel Oversupply Concerns Unfounded?
Market Realist•14 days agoAre We Seeing a Typical Dead Cat Bounce from Steel Stocks?
Steel Companies’ 2019 Outlook: Can the Winning Streak Continue? As noted in the previous article, steel stocks are having a strong run in 2019. Last year, steel stocks had a terrible time and U.S. Steel (X) and AK Steel (AKS) fell 48.2% and 60.2%, respectively.
