Nucor Corporation (NUE), a giant in the steel industry, is considered as one of the top metal stocks to buy by various billionaires and financial experts like Jim Cramer. Its low-cost model has given it a competitive edge in the market. However, the company projects a decline in its Q1 2025 earnings due to lower selling prices, stirring mixed feelings among investors. Over the past three months, Nucor's stock has witnessed a decrease of 20%, which also compelled JP Morgan to adjust their price target for NUE amid tariff changes. Despite the speculated underperformance, the renowned stock expert, Jim Cramer, remains optimistic about the company and advises investors not to sell Nucor shares, as he believes in the company's future growth. Institutional investors are showing confidence in the future of NUE by holding a significant 77% of the company. With tariffs and deregulation potentially playing in its favor, there may be opportunities for strategic expansion and increased demand in the near future. However, wall street remains cautious due to the volatility and speculation associated with NUE's performance.
Nucor Corporation NUE News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Fri, 18 Apr 2025 19:02:58 GMT -
Rating -2
- Innovation 1
- Information 8
- Rumor -4
