Investment authority Jim Cramer has praised Nucor Corporation repeatedly and advised investors to buy its stock. Institutional holders currently own 77% of the company's shares. The company experienced a rise of 7.5% post its last earnings report, and it is expected to continue its growth trend. Nucor Corporation is a known Dividend Aristocrat and recently hit a commendable 208-quarter payout streak. Its stock is performing strongly, leaving many to ponder whether this aligns with its fundamental values. Reports from the last two quarters of 2024 emphasized their financial robustness in a challenging market environment.
Following the announcement of Trump Tariffs targeting steel, Nucor stock witnessed a surge, making it an attractive buy among the Dividend Aristocrats. Despite the forecast of a plunge in Q4 earnings and potential steel price declines, the corporation remains resilient, flanked by steady demand trends and possible tariffs. The stock, however, has declined 22% in six months, creating a potential buying opportunity for interested investors. The stock was deemed undervalued by 32%, and it managed to surpass Q4 earnings and revenue estimates, bolstered by optimistic tariff news.
Nucor Corporation NUE News Analytics from Sun, 11 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 18:38:14 GMT - Rating 6 - Innovation 3 - Information 6 - Rumor -7
