NUE Stock Recent News
NUE LATEST HEADLINES
Seeing as steel production is likely to increase in the U.S., it may be a worthy topic of which stock is the better investment at the moment between United States Steel (X) and Nucor (NUE).
I am upgrading NUE shares to a BUY rating with a price target of $152/share, driven by supportive tariffs and strong market outlooks across key industries. Nucor may not be significantly impacted by tariffs as most of its steel exports are high-value-added products as opposed to commoditized steel. Nucor's long-term growth may be supported by multiple megatrends, including nearshoring, data center construction, and power transmission.
President Trump put a 30-day pause on levying 25% tariffs on Canada and Mexico but proceeded to levy an additional 10% tariff on Chinese imports. Trump has also acknowledged that he would be levying tariffs on European imports in time.
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.
President Donald Trump has announced plans to impose a 25% tariff on all steel and aluminum imports into the US, raising concerns about potential retaliation from trading partners. "He ran for election threatening a trade war.
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.
These stocks are worth keeping an eye on as President Trump has implemented a 25% tariff on imported steel and aluminum products.
Bloomberg News Metals & Mining Reporter Joe Deaux joins Bloomberg Businessweek to discuss President Trump's plans to impose 25% tariffs on steel and aluminum imports. -------- More on Bloomberg Television and Markets Like this video?