|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||59.30 - 61.54|
|52 Week Range||51.67 - 70.48|
|PE Ratio (TTM)||14.51|
|Earnings Date||Apr 18, 2018 - Apr 23, 2018|
|Forward Dividend & Yield||1.52 (2.49%)|
|1y Target Est||75.29|
NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close ...
President Trump has imposed a global tariff of 25% on all steel imports. The tariffs would be in addition to any trade barriers already in place. Initially, President Trump indicated that no countries would be exempt from the tariffs.
As we noted previously, US spot steel prices have risen sharply this year. Currently, US spot steel prices are at multiyear high levels. While the Section 232 tariffs have led to a spike in US steel prices, they’re still prone to weakness in international steel prices.
Initially, President Trump indicated that no countries would be exempt from the Section 232 tariffs. To begin with, Canada and Mexico were exempt from the Section 232 duties. Now, President Trump has decided to “pause the imposition” of tariffs on Europe, South Korea, Australia, Argentina, and Brazil.
The European Union, Australia, Argentina, Brazil and South Korea will get a temporary exemption from the steel and aluminum tariffs the Trump administration is imposing, U.S. Trade Representative Robert ...
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding NUE totaled $2.18 billion.
In the last three months, Nucor executives and insiders have made 15 purchases for 87,481 shares and 8 sales of 148,919 shares.
Are steel stocks a good investment? With the Trump administration having recently imposed tariffs on imported steel from several major producers like China and Brazil, it looks like US steel companies will see more revenue, although there are still many details regarding the tariffs to get a whole picture regarding the US domestic steel production. The […]
Goldman Sachs initiated bullish coverage on the metals and mining space, but the firm said investors still need to be selective about which stocks to buy. The Analyst Goldman analyst Matthew Korn set the ...
MIRAMAR BEACH, Fla., March 20, 2018 /PRNewswire/ -- OMNICOMMANDER, a financial technology firm specializing in website design, social media and marketing for credit unions, today announced that Nucor Employees Credit Union has successfully launched its new website, designed and hosted by OMNICOMMANDER. OMNICOMMANDER Founder and CEO Eric Isham said, "I am super excited that Nucor Employees Credit Union selected us to create their new website. Nucor Employees Credit Union Manager Paul Chappell said, "Eric and the entire team at OMNICOMMANDER has been a dream to work with, and we could not be more pleased with the end result.
As we noted previously in this series, US spot steel prices are at multiyear high levels. Higher steel prices should support earnings of companies like AK Steel (AKS) and Steel Dynamics (STLD). U.S. Steel Corporation (X) has already upwardly revised its 2018 earnings guidance.
US HRC (hot rolled coil) steel prices, which are considered a benchmark for steel prices, are hovering near multiyear highs. Higher steel prices should support the earnings of companies such as U.S. Steel Corporation (X), Steel Dynamics (STLD), and AK Steel (AKS). There is a lag between a steel company booking a sale and the steel being shipped to the buyer.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Basic Materials sector is rising.
The White House economic adviser’s connection to the company highlights the Trump administration’s close ties to the steel industry that tariffs now stand to benefit.
Nucor (NUE) expects first-quarter earnings to be between $1.00 and $1.05 per share and sees pricing momentum to continue for its steel mills unit.