The Latest Breaking News from NUE

With domestic steel production in favor, this is a time for investors to own steel stocks from companies that produce steel in the United States

Although Nucor has lagged behind its industry peers over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects.

Nucor is expected to release its fiscal fourth-quarter earnings this month, and analysts project a double-digit profit decline.

As markets rise, a handful of resilient stocks that were bruised could rebound over 30%, powered by strong fundamentals and bullish prospects.

The largest steel producer in America, Nucor has continued to underperform the Dow over the past years. Yet analysts remain cautiously bullish on the stock’s prospects.

Nucor stock and Cleveland-Cliffs rallied as prospects for U.S. steel companies brighten following the election of Donald Trump.

While Nucor Corporation has underperformed the broader market over the past year, Wall Street analysts appear moderately bullish about the stock’s prospects.

As industries evolve and economies expand, materials like gold, copper, and steel are key to driving progress. From infrastructure to innovative technologies, the materials industry is vital for global development. Thus, investors looking to capitalize on this growth could explore stable stocks Freeport-McMoRan (FCX), Nucor (NUE), and Hudbay Minerals (HBM).…

With Nucor gearing up to release its third-quarter earnings later this month, analysts are projecting a notable double-digit earnings decline.