The performance of Nucor Corporation (NUE), a leading player in the Basic Materials Sector and famed steel manufacturer, has raised questions among investment professionals. Mixed reviews suggest that while it faces challenges, it has potential strengths that could propel its performance. Jim Cramer has labeled NUE as 'the best steel maker'. The company's Q4 2024 results revealed strong financials despite the difficult market conditions. NUE is also highly favored by institutional owners, with 77% of the company held by institutions. However, share prices slumped significantly, leading to NUE trading at premium valuation. The company's performance is also impeded by weaker steel prices and Chinese steel. NUE nevertheless remains an attractive investor's choice due to its progressive dividend payment, its resilience in the face of tariff challenges, and a potential boost in demand and tariffs. Despite a predicted sharp decline in earnings in Q4 2024, NUE is commended for a strong balance with cash dividends upped for 52 successive years. The stock is also touted as a good buy on tariff news and for demand trends.
Nucor Corporation NUE News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Thu, 13 Mar 2025 10:33:38 GMT - Rating 1 - Innovation -4 - Information 5 - Rumor -3
