#1 - Nucor (NYSE:NUE)
The first stock on this list is Nucor (NYSE:NUE) for a simple reason. Infrastructure’s been in the news recently and Nucor is the largest steel producer in the United States. It’s also the largest “mini-mill” steelmaker.
At the time of this writing, it’s unclear what form the infrastructure bill will take. However, it’s very clear that the focus will remain on those areas that are typically thought of as infrastructure. And that will be a catalyst for NUE stock.
Not that it needs much of a boost. NUE stock is up 114% in the last 12 months. But that’s a little deceptive. That’s because the stock is up 49% since the beginning of the year. That could have some investors feeling that the good news is all priced into the stock. But the company reports earnings in late April and they’ve been making a habit of surprising analysts to the upside. If they do it again, the stock may bust out of the range it’s been in since late March.
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
- $149.40
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $190.57 (27.6% Upside)
