Nucor Corp. (NUE) Buy, Sell or Hold

Nucor Corp. (NUE)

243.40

-0.43 (0.18%)

as of Jun 18, 2026, 11:07:20 pm Market Open.

34 watching

BUY

With so few steel companies, Nucor and Cleveland Cliffs enjoy scarcity value with enough business to keep pricing up, though Nucor has a much better balance sheet. It reports Monday.

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BUY

Steel tariffs that the U.S. has placed on China are good for Cleveland Cliffs but great for Nucor. Also, Nucor benefit from being a low-costs producer.

BUY ON WEAKNESS

The best steel company, but nobody will buy this if we enter a recession. This could go even lower, so wait for a lower price.

BUY

Has outlasted all its steel peers over time. Superior balance sheet and has raised its dividend for 50 years. Trades at only 5x trailing earnings. However, the street predicts EPS to fall by half between 2022's peak and this year, and even lower in 2024. His take: if we avoid recession, shares will soar. Also, Nucor will supply most of the steel needed during the coming wave of infrastructure spending, driven by the IRA act. A long-term investment.

BUY ON WEAKNESS

Buy at $160-165. Shares have moved up too fast, but it's the best steel stock. Warning: can be volatile.

BUY

America's best steelmaker. Is up this year by 15% and has enjoyed monster earnings growth as the economy earlier this year. Therefore, shares peaked last April the plunged by July. The market expected much weaker numbers, but that didn't happen. They just announced a light forecast, so shares fell 10% in a single day. Remember that the street under-estimated their earnings a year ago, and he wouldn't be surprised if Nucor beat again. Nucor would benefit hugely from the infrastructure bill that kicks in next year.

BUY

They announced several new factories, producing a lot more steel--highest quality in the world--and have hired a lot more people.

BUY

The country's biggest steelmaker just put up great numbers, driven by an extraordinary demand for cars.

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BUY ON WEAKNESS

Too much negativity around steel now. His steel play is Nucor, but wait till it comes down further.

DON'T BUY

Steel prices are coming down, so don't buy Nucor at this point at the economic cycle. If energy comes back, so will Nucor, but he would buy energy before Nucor.

COMMENT

Steel prices are falling. If energy prices come back, so will Nucor.

WATCH

Likes it but has sold shares from February to early April, because cyclicals get hit when the Fed tightens aggressively. Shares have fallen so far that it trades under 5x earnings; Wall St. worries earnings will plunge in 2023 after the Fed kills inflation (and high steel prices). The stock could be attractive now. Today, Nucor announced it will buy C.H.I. Overhead Doors (makes garage doors) and shares fell because it puzzled investors.

PARTIAL SELL

He recently trimmed his position in order to be ready to seize opportunities both in tech and non-tech, if the Fed raises rates and the market comes down. Nucor was up a lot, so he took some profits.

BUY

Among the 10 top performers on the S&P of 2021 #10, up 115%. This boasts multi-year rallies, so he thinks this has a chance of repeating 115%. Pricing in steel will stay strong this year. Earnings estimates are way too low. The street disagrees with him which makes him like this even more.

BUY

It sold off hard this week. They last reported margin pressure which freaked out the street. He bought when this sank at $14 and his since risen, like 6% today. People get way too negative, too quickly, but take longer to get positive. Pays an okay dividend. It's an cyclical, but as extreme as others. Take advantage on the protective steel tariffs, which lets this stock blossom. This stock does well early in a rate-hike cycle. Also, Biden has passed his infrastructure bill, so that's a tailwind. Secondly, autos are in short supply at least for a quarter or two, and NUE makes steel for those. Thirdly, oil drillers need steel. It should be a core position, and it's levered to several industries. Strong management. It's a rare growth-cyclical stock which the market craves now. Trades at a low PE.

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Nucor Corp. (NUE) Frequently Asked Questions

What is Nucor Corp. stock symbol?

Nucor Corp. is a American stock, trading under the symbol NUE (previously NUE-N on Stockchase) on the New York Stock Exchange (NUE). It is usually referred to as NYSE:NUE or NUE

Is Nucor Corp. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on NUE (previously NUE-N on Stockchase) on Stockchase. Read the latest expert commentary for Nucor Corp..

Is Nucor Corp. a good investment or a top pick?

Nucor Corp. was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-12-17. Read the latest stock experts ratings for Nucor Corp..

Why is Nucor Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Nucor Corp..

Is Nucor Corp. worth watching?

Nucor Corp. is followed by 34 investors on Stockchase and is a trending stock that is worth watching.

What is Nucor Corp. stock price?

On 2026-06-18, Nucor Corp. (NUE) stock closed at a price of $243.40.

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