#1 - Nucor (NYSE:NUE)
As it was in Trump’s first term, the steel industry is likely to be front and center in the tariff conversation.
Nucor Corp. (NYSE: NUE) was a significant beneficiary from the Trump administration’s 2018 tariffs and is likely to benefit again. However, the price increases enabled by the tariff policies contributed to the inflation that still permeates the economy—which may cause some members of Congress to push back.
But with the Republicans controlling both houses, and because of its importance to repairing our national infrastructure, it’s likely that Nucor will once again benefit from any policy that impacts the import of Chinese or Brazilian steel.
NUE stock is down 12.5% from its all-time high set in April 2024. If the tariff situation plays out as it might, this could be an attractive time to buy this Dividend King. Analysts give the stock a consensus price target of $190.57, which would be a 27% gain to go along with a dividend yield of 1.45%.
About Nucor
Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.
Read More - Current Price
- $148.17
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $190.57 (28.6% Upside)
