Jim Cramer has dubbed
Nucor Corporation (NUE) as the ‘Gold Standard’, while other opinions remain divided, pointing to possible larger issues arising from Nucor’s steel problem. Despite projecting lower Q2 earnings due to weakening steel prices, the company continues to manoeuvre challenges with strategic growth. However, Q3 2024 results and Q4 earnings guidance elicited mixed reactions due to misses in forecasts, revealing a slowdown in steel and further weakness predicted in Q4. Despite these commercial headwinds, Nucor has announced larger dividend payouts, and insistently strong fundamentals have led to bullish theories proposing NUE as the best construction stock. President-Elect
Donald Trump additionally adds clout to the corporation, some analysts viewing NUE as a strong first stop when the Fed begins cutting rates. However, market mention of Nucor has been largely bearish triggered by a combination of lower profit forecasts, sinking stock prices, leadership selling shares and missed Q3 and Q4 earnings. While the company continues to diversify strategies,
Nucor's executive vice president and CEO have recently sold company stock worth respectively $793k and $1.86 million, inciting speculation. Nonetheless, dividends remain attractive, and its seeming undervaluation further suggests a contrarian bull case.
Nucor Corporation NUE News Analytics from Wed, 10 Apr 2024 07:00:00 GMT to Fri, 27 Dec 2024 15:05:00 GMT -
