Major U.S. equity indices edged higher as June trading kicked off.
Nucor (NUE), Albemarle (ALB), and West Pharmaceutical Services (WST) have provided reliable dividends and growth, and Wall Street sees them growing even more over the next year.
Nucor (NUE) reported earnings 30 days ago. What's next for the stock?
NUE and STLD ramp up growth plans as steel prices rebound, with both eyeing profitability through expansion, strong cash flow and shareholder returns.
It is believed that an industry downturn could be an ideal time to load up on stocks.
Steel company Nucor said it experienced a cybersecurity incident, prompting it to temporarily shut down some of its production operations as a precaution.
While NUE gains on its actions to grow through acquisitions and capacity expansion, weak steel prices weigh on its prospects.
Steelmaker Nucor said on Wednesday it had halted certain production at various locations after identifying a cyber security incident that involved unauthorized third-party access to certain information technology systems it used.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Nucor is recommended with a BUY rating and a price target of $147.75/share, driven by potential growth resulting from US tariff policies and domestic manufacturing improving sales volumes. Key projects include new mills in North Carolina and Arizona, and greenfield projects in Alabama and Indiana, expected to boost production by 2025-2026. The Brandenburg plate facility may become a niche strength for Nucor after being certified by the American Bureau of Shipping, particularly if US shipbuilding picks up.
The most important aspect of the S&P 500 index (^GSPC 0.63%) that often gets overlooked is that the stocks are selected by a committee. The goal isn't to create an index that represents the stock market, it's to create an index that is representative of the broader U.S. economy.
Nucor Corporation (NYSE:NUE ) Q1 2025 Earnings Conference Call April 29, 2025 10:00 AM ET Company Participants Jack Sullivan - VP, IR Leon Topalian - Chair, President & CEO Steve Laxton - EVP & CFO Brad Ford - EVP, Plate & Structural Products Allen Behr - EVP, Raw Materials John Hollatz - EVP, Fabricated Construction Products Noah Hanners - EVP, Sheet Products Conference Call Participants Lawson Winder - Bank of America Securities Timna Tanners - Wolfe Research Alex Hacking - Citi Bill Peterson - JPMorgan. Mike Harris - Goldman Sachs Katja Jancic - BMO Capital Markets Chris LaFemina - Jefferies Tristan Gresser - BNP Paribas Carlos de Alba - Morgan Stanley Operator Good morning, and welcome to Nucor's First Quarter 2025 Earnings Call.