The Latest Breaking News from NUE

Nucor Corp (NYSE:NUE) reported first-quarter FY22 net sales growth of 49.5% year-over-year to $10.49 billion, beating the consensus of $10.48 billion. EPS improved to $7.67 from $3.10 in 1Q21, beating the consensus of $7.29. The average sales price per ton increased 68% Y/Y and increased 2% Q/Q. Total of 6.39 million tons…

Someone with a lot of money to spend has taken a bullish stance on Nucor (NYSE:NUE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

As the Russia-Ukraine war continues, the steel market remains in focus, as the two warring nations account for significant global steel exports. With steel prices expected to remain high, fundamentally strong steel stocks ArcelorMittal (MT), Reliance Steel & Aluminum (RS), and Ternium (TX) could be solid investments right now.

Nucor (NYSE:NUE) has outperformed the market over the past 20 years by 4.61% on an annualized basis producing an average annual return of 11.88%. Currently, Nucor has a market capitalization of $39.21 billion.

Following China’s production cuts, the Russia-Ukraine war–the two countries that are significant steel producers–has raised concerns over steel supply, pushing prices higher. However, steel manufacturers in other countries should benefit from strong global demand and rising prices. Therefore, we think fundamentally sound steel stocks Nucor (NUE), POSCO (PKX), Tenaris (TS),…

Nucor (NYSE:NUE) has outperformed the market over the past 5 years by 4.03% on an annualized basis.

Someone with a lot of money to spend has taken a bullish stance on Nucor (NYSE:NUE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

U.S. indices finished higher again Friday as stocks continued higher while investors reacted to the ongoing Russia-Ukraine conflict.

Overproduction at the end of 2021 has been causing a decline in steel prices of late. However, the passage of the bipartisan infrastructure bill last fall, which will provide significant funding for industrial and construction projects going forward, should drive the steel industry’s growth. Therefore, prominent players in this space,…

Nucor (NYSE:NUE) has outperformed the market over the past 20 years by 3.97% on an annualized basis.

Someone with a lot of money to spend has taken a bearish stance on Nucor (NYSE:NUE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.