President Trump's recent tariff announcement on steel and aluminum imports has sparked a stock market rally among domestic metal producers, including Cleveland-Cliffs NYSE: CLF, Nucor Corporation NYSE: NUE and Alcoa Corporation NYSE: AA. Investor optimism regarding reduced foreign competition has fueled these gains.
Leon Topalian, Nucor CEO, joins 'Closing Bell Overtime' to talk the impact of steel tariffs
While tariff chatter dominates headlines, JPMorgan analyst Bill Peterson sees bigger implications for steel stocks beyond the political drama.
United States President Donald Trump is doubling down on imposing tariffs on goods entering the country, this time targeting a 25% tax on all steel and aluminum imports.
Shares of steel and aluminum producers, including Cleveland-Cliffs (CLF) and Nucor (NUE), advanced Monday after President Donald Trump said that he would be implementing a 25% tariff on imports of the two metals.
Now that steel and aluminum are the next targets for Trump tariffs, Steel Dynamics and Century Aluminum may offer early entries. The post Trump Tariffs Target Steel, Aluminum Imports; Nucor, Alcoa Jump, STLD Flashes Buy Signal appeared first on Investor's Business Daily.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this NUE commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Investors have had to deal with a lot of uncertainty lately in the stock market as President Trump has rolled out the latest rounds of tariffs, targeting goods traded with China, Mexico, and Canada first. These policies have created a common view for investors that leans on inflation coming back and domestic business demand falling off a cliff.
Nucor Corp (NYSE: NUE) is pushing up this morning after the United States announced its first batch of tariffs against China, Mexico, and even its lifelong ally, Canada. Over the weekend, President Donald Trump raised tariffs by 10% on all imports from China and about 25% each on Mexico and Canada.
The initial reaction to Trump tariffs 2.0: Good for domestic producers of steel, bad for domestic users of steel.
Nucor's shares have underperformed due to declining steel prices, but recent Q4 results provided a 4% boost, making it a good time to revisit the stock. Despite a challenging year with lower pricing and volumes, Nucor maintained strong cash generation and balance sheet strength, supporting continued capital deployment and dividends. Potential trade policies under the new Trump Administration could benefit Nucor, with medium-term EPS projected at $12.75-$13.25, making shares attractive at less than 10x earnings.
Nucor Corp NUE posted better-than-expected fourth-quarter financial results, after the closing bell on Monday.