Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Core Insights - Nucor's stock has decreased by 1.78% to $157.83, underperforming the S&P 500's daily gain of 0.79% but has appreciated by 8.15% over the past month, slightly underperforming the Basic Materials sector's gain of 8.18% [1] Financial Performance Expectations - Nucor is set to announce its earnings on January 26, 2026, with analysts expecting earnings of $2.07 per share, reflecting a year-over-year growth of 69.67%. Revenue is projected at $7.79 billion, up 10.07% from the prior-year quarter [2] - For the full year, earnings are projected at $8.11 per share and revenue at $32.6 billion, indicating changes of -8.88% and +6.06% respectively from the previous year [3] Analyst Estimates and Market Sentiment - Recent adjustments to analyst estimates for Nucor are important as they often indicate changing near-term business trends, with positive revisions suggesting a favorable business outlook [3] - The Zacks Consensus EPS estimate has increased by 2.84% in the past month, and Nucor currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Nucor is trading at a Forward P/E ratio of 19.82, which is higher than the industry average of 13.88, suggesting a premium valuation [6] - The company has a PEG ratio of 1.24, compared to the Steel - Producers industry's average PEG ratio of 0.77, indicating a higher valuation relative to expected earnings growth [7] Industry Context - The Steel - Producers industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 147, placing it in the bottom 41% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - Steel Dynamics (STLD) has shown strong performance in recent trading sessions, outperforming major indices and demonstrating significant gains over the past month and anticipated earnings growth [1][2]. Company Performance - Steel Dynamics closed at $172.74, reflecting a +2.13% increase from the previous day, while the S&P 500, Dow, and Nasdaq experienced losses of 1.16%, 0.47%, and 1.81% respectively [1]. - The stock has gained 9.39% over the past month, surpassing the Basic Materials sector's gain of 5.81% and the S&P 500's gain of 1.03% [1]. Upcoming Earnings - The company is expected to report an EPS of $2.22, representing a 63.24% increase from the same quarter last year [2]. - Revenue is forecasted at $4.62 billion, indicating a 19.42% increase compared to the same quarter last year [2]. Annual Forecast - For the entire year, earnings are projected at $8.4 per share, reflecting a -14.63% change from the previous year, while revenue is expected to be $18.39 billion, showing a +4.82% change [3]. Analyst Estimates - Recent changes to analyst estimates for Steel Dynamics are crucial as they indicate shifting business trends, with positive revisions suggesting confidence in performance and profit potential [4]. - The Zacks Consensus EPS estimate has decreased by 0.94% over the past month, and Steel Dynamics currently holds a Zacks Rank of 3 (Hold) [6]. Valuation Metrics - Steel Dynamics is trading at a Forward P/E ratio of 20.13, which is higher than the industry average of 13.85 [7]. - The company has a PEG ratio of 1.13, compared to the industry average PEG ratio of 0.76 [7]. Industry Context - The Steel - Producers industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 150, placing it in the bottom 40% of over 250 industries [8]. - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [8].

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Core Insights - Nucor's Q3 2025 earnings per share reached $2.63, significantly up from $1.05 in the same quarter last year, surpassing the Zacks Consensus Estimate of $2.15 [2] - The company reported net sales of approximately $8.52 billion, reflecting a year-over-year increase of about 14.5%, also exceeding the Zacks Consensus Estimate of $8.16 billion [2] Operating Figures - Total sales tons to outside customers for steel mills in Q3 were 4,976,000 tons, an 8% increase year-over-year, although it fell short of the estimate of 5,095,000 tons [3] - Overall operating rates at Nucor's steel mills were 85% in Q3 2025, unchanged sequentially and up from 75% in Q3 2024 [3] Segment Highlights - The Steel Mills segment reported earnings of $793 million, a decrease from the previous quarter due to lower shipment volumes and margin compression [4] - The Steel Products segment earned $319 million, lower sequentially due to higher costs and stable realized prices [4] - The Raw Materials segment delivered $43 million, down from the prior quarter, impacted by lower pricing for direct reduced iron (DRI) and scrap processing operations [4] Financial Position - Cash and cash equivalents were approximately $2.22 billion at the end of the quarter, down around 47.9% year-over-year [5] - Long-term debt stood at about $6.69 billion, an increase of 17.6% [5] - Nucor repurchased roughly 0.7 million shares of its common stock during the third quarter [5] Outlook - The company expects fourth-quarter 2025 earnings to decline from Q3, primarily due to reduced overall volumes and lower average selling prices at sheet mills [6] - The Steel Products segment is projected to face lower earnings mainly due to decreased volumes, while the Raw Materials segment is likely to be adversely affected by weaker realized pricing and planned maintenance outages at DRI facilities [6] Estimate Trends - There has been a downward trend in estimates for Nucor over the past month, with the magnitude of these revisions being net zero [10] - Nucor currently holds a Zacks Rank 3 (Hold), indicating an expectation of in-line return from the stock in the coming months [10] Industry Performance - Nucor is part of the Zacks Steel - Producers industry, where Commercial Metals (CMC) has gained 3.5% over the past month [11] - Commercial Metals reported revenues of $2.11 billion for the quarter ended August 2025, reflecting a year-over-year change of +5.9% [11] - For the current quarter, Commercial Metals is expected to post earnings of $1.41 per share, indicating a change of +80.8% from the year-ago quarter [12]

Core Viewpoint - Orla Mining Ltd. (ORLA) has significantly outperformed the Basic Materials sector in year-to-date returns, making it an attractive option for investors in this industry [1][4]. Company Performance - Orla Mining Ltd. has returned approximately 128.9% since the beginning of the calendar year, compared to the Basic Materials sector's average return of 19.4% [4]. - The Zacks Consensus Estimate for ORLA's full-year earnings has increased by 37.4% over the past 90 days, indicating a positive trend in analyst sentiment [3]. Industry Context - Orla Mining Ltd. is part of the Mining - Gold industry, which consists of 41 companies and has achieved an average return of 124.1% year-to-date [5]. - In contrast, another Basic Materials stock, Salzgitter AG (SZGPY), has returned 112.9% year-to-date and is part of the Steel - Producers industry, which has only increased by 34% since the start of the year [4][6]. Zacks Rank - Orla Mining Ltd. currently holds a Zacks Rank of 2 (Buy), reflecting its strong earnings outlook and positive analyst revisions [3][5].

Core Insights - Salzgitter AG reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of a loss of $0.05 per share, and showing a significant improvement from a loss of $0.37 per share a year ago [1] - The company posted revenues of $2.57 billion for the quarter ended September 2025, which was 2.69% below the Zacks Consensus Estimate and a decrease from $2.73 billion in the same quarter last year [2] - Salzgitter shares have increased approximately 105.1% year-to-date, significantly outperforming the S&P 500's gain of 14.4% [3] Earnings Outlook - The future performance of Salzgitter's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $2.77 billion, and for the current fiscal year, it is -$0.23 on revenues of $10.84 billion [7] Industry Context - The Steel - Producers industry, to which Salzgitter belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [8] - The correlation between near-term stock movements and earnings estimate revisions suggests that investors should monitor these revisions closely [5]

Group 1: Algoma Steel Group Inc. Earnings Report - Algoma Steel Group Inc. reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of a loss of $0.7 per share, and improved from a loss of $0.72 per share a year ago, representing an earnings surprise of +117.14% [1] - The company has surpassed consensus EPS estimates three times over the last four quarters [2] Group 2: Legato Merger Performance - Legato Merger reported revenues of $380.44 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.67%, but down from year-ago revenues of $440.06 million [2] - Legato Merger shares have declined approximately 56.4% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [3] Group 3: Future Earnings Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is -$0.42 on revenues of $443.88 million, and for the current fiscal year, it is -$1.98 on revenues of $1.61 billion [7] Group 4: Industry Context - The Steel - Producers industry is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stocks within this sector [8] - Salzgitter AG, another company in the same industry, is expected to report a quarterly loss of $0.05 per share, reflecting a year-over-year change of +86.5%, with revenues projected at $2.64 billion, down 3.2% from the previous year [9]

Nucor (NUE) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +22.33%. A quarter ago, it was expected that this steel company would post earnings of $2.62 per share when it actually produced earnings of $2.6, delivering a surprise of -0.76%.Over the last four quarters, the company has s ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Group 1: Company Overview - Commercial Metals (CMC) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - CMC has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Group 2: Price Performance - CMC shares have increased by 0.72% over the past week, while the Zacks Steel - Producers industry has risen by 0.75% [5] - Over the last month, CMC's price change is 4.7%, compared to the industry's 5.87% [5] - In the last quarter, CMC shares have risen by 14.43%, and over the past year, they have gained 16.5%, outperforming the S&P 500's increases of 6.56% and 15.83%, respectively [6] Group 3: Trading Volume - CMC's average 20-day trading volume is 1,375,395 shares, which serves as a useful indicator of price movement and market interest [7] Group 4: Earnings Outlook - In the past two months, three earnings estimates for CMC have been revised upwards, increasing the consensus estimate from $4.71 to $5.24 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions [9] Group 5: Conclusion - Given the strong momentum indicators and positive earnings outlook, CMC is positioned as a promising investment opportunity [11]