Nucor Corporation (NUE) benefits from actions to expand its production capabilities and grow its business through strategic acquisitions amid headwinds from weaker steel prices.NUE’s shares are down 19.2% year to date, compared with a 23.9% decline of its industry. The bearishness is partly due to the choppiness in the steel space as reflected by the significant retreat in U.S. steel prices due to a combination of demand slowdown and oversupply. Image Source: Zacks Investment ResearchLet’s find out why NUE ...

GCShutter Background In my 2023 article on Exxon Mobil, I discussed my issues with coal companies, specifically how metallurgical coal (met coal) companies are likely behind the curve and at risk of being disrupted by the transition away from coal and other fossil fuels: Coal companies seem content to say and do nothing [to transition to green energy], despite the even greater risks to coal as one of the dirtier and faster-declining fossil fuels … Case in point, coal companies Warrior Met Coal (HCC) and ...

CHARLOTTE, N.C., Sept. 12, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on November 8, 2024 to stockholders of record on September 27, 2024 and is Nucor's 206th consecutive quarterly cash dividend.About Nucor Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products prod ...

When it comes to making steel, there's the old way and the new way. The new way is better through the cycle.Steel is a key building block of the modern world, going into everything from vehicles to buildings to household appliances. Steel demand is set to be robust, with a boom in mega projects (like data centers), each worth at least $1 billion. There have now been $1.4 trillion worth of mega projects announced since 2021, all of which will make heavy use of steel. But steel stocks are cyclical, so make su ...

In the latest trading session, Nucor (NUE) closed at $141.71, marking a -1.88% move from the previous day. This change lagged the S&P 500's 0.16% loss on the day. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.3%.The steel company's stock has dropped by 3.69% in the past month, falling short of the Basic Materials sector's gain of 0.19% and the S&P 500's gain of 3.64%.The upcoming earnings release of Nucor will be of great interest to investors. The c ...

Nucor Corporation’s (NUE) shares have lost 22.4% in the past six months, underperforming the Zacks Steel Producers industry’s decline of 17.2%. The bearishness is partly due to the choppiness in the steel space as reflected by the significant retreat in U.S. steel prices driven by a combination of demand slowdown and oversupply, which have led to a downward revision in NUE’s earnings estimates.Technical indicators show that NUE has been trading below the 200-day simple moving average (SMA) since May 22, 202 ...

Investors in Nucor Corporation (NUE) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2024 $65 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

Financial stock market graph. Selective focus. Depicts TradingView financial market chart.gettyToday, I am bringing you something very special. Not only is the featured stock in this Model Portfolio, it is also on my Focus List Stocks: Long Model Portfolio.Now, you may be asking yourself, why would I give away something so valuable? The answer: I genuinely believe in improving the integrity of the stock market.The featured stock summary is an example of the research I do. It is not a full report, but I do t ...

It isn't easy earning the title of Dividend King. It's even more impressive, and interesting, when a company does it in a cyclical industry.With 50 consecutive annual dividend increases a company earns the title Dividend King. Nucor (NUE -3.04%) has increased its dividend each year for 51 consecutive years. That alone should make this company of interest to a lot of investors, but there's one more factor that you need to understand -- Nucor operates in the highly cyclical steel industry. Here's why that's s ...

Nucor TodayNUENucor$161.53 -1.81 (-1.11%) 52-Week Range$140.07▼$203.00Dividend Yield1.34%P/E Ratio9.50Price Target$191.29Add to WatchlistNucor NYSE: NUE is a basic materials firm that manufactures steel and steel products. It is the 14th largest firm in the metals and mining industry. Nucor is underperforming its industry so far this year, with a total return of -6.1%. The SPDR S&P Metals & Mining ETF NYSEARCA: XME has provided a total return of 3.6%.Nucor released Q2 2024 earnings on July 22, 2024. Let's r ...