Nucor Corporation (NUE)

[betterdaze]

Nucor is Going Nuclear! HUGE!

https://www.fool.com/investing/2023/06/08/nucor-is-going-nuclear-what-investors-should-know/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

[betterdaze]

We are laughing stock of infrastructure that about to change! $$

[betterdaze]

Debt ceiling agreement reached, infrastructure anyone? $$

[rawsteel]

Thanks for reply. Hope vacation was great.

[warfaretrader]

Hello Raw! Hope you are well. Sorry for the delay, been on vacation. NUE isn't looking so well right now imo. Broke below both the 50&200ma on the daily with a hard drawdown on the 50ma most likely breaking through the 200 within the next couple weeks. The weekly isn't much better with the pps sitting below the 40 week MA. The pps marked 4 weeks ago at 158.35 and yesterday PA took out the mid March mark of 138.56 so your next stop is the 128 area. I wouldn't be surprised to see it pop up against the 200 or even the 50ma if we get a strong showing in the overall markets next week. GL

[betterdaze]

Added. $4 billion share buyback approval.

[betterdaze]

EPS raised for 2nd quarter! $$$

https://www.tickerreport.com/banking-finance/10533172/q2-2023-eps-estimates-for-nucor-co-nysenue-raised-by-analyst.html

[betterdaze]

Infrastructure $$ starting to get handed out to the states. I’m liking the high side $210 price target.

[rawsteel]

Hello my friend, if you get a chance would you mind looking at NUE again at current level and give me your analysis. Higher from here or lower? Thanks in advance. Hope all is well with the Warfare family

[betterdaze]

Nice earnings beat! Great company guidance $$

[betterdaze]

Adding, Nucor is doing well $$

[rawsteel]

Well, we certainly dropped below $155 today. Your thoughts on the markets direction since the bank fiasco

[warfaretrader]

I really don't know any more with that ticker. I won't be around to see it if it does that's for sure.

[rawsteel]

Thanks my friend...GLTU still waiting on you know who to finally close cases and make a move....any chance we at least see half a copper in your opinion

[warfaretrader]

Hello Raw, Nucor imo is likely gonna move lower in the short term to fill the gap from late Jan in the 155 range and the 50ma. gl

[rawsteel]

Still holding above $160....it still seems to want to go higher despite everything we hear...of course it is down today with the markets getting crushed...I'm thinking of adding today at the close....any thoughts?

[rawsteel]

Still holding any Globe and Brook

[warfaretrader]

not really, lots of consolidation going on across the otc. It's a waiting game to see if we see another leg up in some of these plays.

[rawsteel]

Gotcha. Thanks. Any other hints of better things to come with anything else

[warfaretrader]

It's on my watch list

[rawsteel]

Are you looking to buy any AIAD if gap fills

[warfaretrader]

You'd like to see it hold the 160 level and make another run at its 52h in the 185 range. I personally think things are better than many believe. Higher inflation, yes, slower growth yes, but growth non the less.

[rawsteel]

With the current state of the market, do you have any thoughts on the pps and trading direction of Nucor? Thanks for any reply

[rawsteel]

Thanks for reply. Hope all is well with your family...GLTU

[warfaretrader]

Sorry bud. Maybe fundamentals show a slowing that I'll leave up to the experts
Technically $NUE pretty good right here, especially if the markets continue to move up, which I think they will for a bit longer. You've got fantastic support at the 125 level and most certainly will see selling pressure at the 145 range. Thise are your two key levels to watch for now. GL

[rawsteel]

Nue announced earnings yesterday. We have already had a record year in 3 quarters. Do you think the pps is looking a little toppy and will pull back? All the analysts have lowered their target prices.

[rawsteel]

NUE had the death cross back around 7/13/22 and now the golden cross 6 weeks later. We did reach a little higher today with the market up huge. Do you think this is a short time high today or moving higher from here in your opinion? Thanks GLTU

[rawsteel]

Thanks War, hope it's a great time for you and family as well.

[warfaretrader]

Hello Raw! Hope you're enjoying your Labor day weekend bud. $NUE still sitting ok here 5 ticks above both your 50 & 200ma. With that said I do not like Fridays black candle close.

[rawsteel]

We had a good run, now dropping back to test some area of support. Any price look good if you were entering to buy? Thanks GLTU

[rawsteel]

Great earning, great day, great forecast for a great company. Guess I should say that since I work for them. All in 1 day it Gapped above the 50dma, filled gap around $123.40 area broke through and overtook the 200dma, closed at high of the day, & next resistance is the 100dma currently at $133....Go Nucor....GLTA

[rawsteel]

Yes sir. I have invested 44 years with them next month, myself...GLTU

[Prudent Capitalist]

Great stuff! NUE has always been a forever hold with reinvestment of all dividends for me.

[rawsteel]

08:38 AM EDT, 07/21/2022 (MT Newswires) -- Nucor (NUE) reported Q2 earnings of $9.67 per diluted share Thursday, compared with $5.04 a year earlier. Analysts polled by Capital IQ were expecting $8.60 per share.
Revenue for the quarter ended July 2 was $11.79 billion, compared with $8.79 million a year earlier. Analysts surveyed by Capital IQ were expecting $11.59 billion.
Nucor said it expects Q3 profitability to be less than in Q2, but that it believes 2022 "will be the most profitable year in Nucor's history."

Better guidance than expected

[rawsteel]

Sounds good.... noted....Thanks

[warfaretrader]

$VGLS is about to move I think. We'll see! GL

[rawsteel]

Thanks for the info. Is there a standout among those 5

[warfaretrader]

Good post Raw! Nucor has an enormous amount of resistance to get through with both the 50ma @ $118 and 200ma just overhead @ $122, not to mention numerous resistance levels through the $125 range dating back to August of 21. Definitely an uphill battle for sure. A good quarter would already be priced in the question will be forward guidance going forward and how is that digested by the markets. On a positive side the markets have been shrugging off bad news as of lately and i expect all markets to rally here for a minute which might get you through those levels. GL $IDGC $VGLS $GRLF $QBAN $OPTI

[rawsteel]

NUE tested the long term bottom trend line (which is resistance now) today and almost the 50dma. All time record quarterly earnings will be announced on Thursday along with weaker guidance for the next quarter but will still be Nucors 2nd best year on record. We will have to see if it is able to head higher after the recent death cross of the 50/200 dma....GLTA

[Prudent Capitalist]

Smart move. Price has pulled back way too much

[Liam859]

$122 $NUE I’m buying again

[Liam859]

$166 it just keeps going. Earnings out soon break $200???

[Liam859]

$142 $NUE making a killing on these options done now thank you Nucor!!

[peterquinnvet]

$NUE made Nasdaq's list for 4 Top Infrastructure Stocks To Watch As Senate Passes $1 Trillion Infrastructure Bill
https://www.nasdaq.com/articles/4-top-infrastructure-stocks-to-watch-as-senate-passes-%241-trillion-infrastructure-bill-2021

[Saving Grace]

Now that crook hedge fund shorter Muddy Waters got their computers seized and confiscated and are being investigated along with their accomplices, the entire CME will get a break. The Muddy Waters Gate, scam will break the bank and this hedge fund is toast. Margin calls have to made in gold as the worthless fiat petrol dollar is no longer accepted for a margin call. These Bear Sterns wannabe's are finished.

Wall Street fraud is finally being taken down, one bank at a time, they will all fold.

[Liam859]

They should keep coming way undervalued

[Prudent Capitalist]

Nice to see NUE hitting new all time highs today!

[Saving Grace]

Muddy Waters founder Carson Block was reportedly served with a search warrant as Justice Department investigates illegal trading tactics by short-sellers

Quote:
Short-seller Carson Block of Muddy Waters was reportedly served a search warrant in October, according to The Wall Street Journal.

The warrant is related to the Department of Justice's investigation into illegal trading activity.

The Justice Department has seized hardware, trading records, and private messages, according to the report.

Short-seller Carson Block of Muddy Waters was served a search warrant in October by the FBI, according to a report from the The Wall Street Journal.

The warrant is related to an ongoing probe by the Department of Justice related to illegal trading activity by short sellers. Specifically, the Justice Department is looking into whether short-sellers conspired together to drive down stock prices by sharing critical research reports ahead of time, the report said, citing people familiar with the matter.

Insider reached out to Block for comment but did not yet receive a response in time for publication of this article.

The Justice Department has seized hardware, trading records, and private messages and is focused on the act of "spoofing" and "scalping," two tactics that could lead to big gains for traders. Spoofing is an illegal practice banned in 2010 in which a trader floods the market with fake orders in an effort to influence a stock price, while scalping is related to activist short-sellers selling out of their position for profits without disclosing it.

Short-sellers are an unloved group of market participants that get a lot of blowback from the companies they target and the investors of those companies. Some see their tactics as predatory, as they have the power to move a stock price that they might have a position in on the release of a critical report. Critics say these reports use misleading information that doesn't give a complete picture of the situation at hand.

But short-sellers play an important role in the market as some have a proven track record of identifying and exposing fraudulent companies that sometimes go bankrupt. Such fraudulent companies that were the target of short-seller research included Enron, Sino-Forest, and Wirecard AG, among others.

Block himself published research on Sino-Forest that exposed the company and was briefly short shares of Wirecard, which went bankrupt and wiped out $14 billion in market value in 2020 due to fraud.

Andrew Left of Citron Research is another prominent former short-seller that has also been roped into the investigation as federal agents took computers belonging to him, according to Bloomberg News. Left gave up on short-selling last year after the meme-stock mania led to a number of high-profile short squeezes.

All-in, the investigation by the Justice Department has so far ensnared nearly 30 investment and research firms that engage in short-selling. No one has been accused of wrongdoing and the investigation can lead to no charges being brought.


https://markets.businessinsider.com/news/stocks/carson-block-served-search-warrant-short-seller-investigation-illegal-trading-2022-2

[Prudent Capitalist]

Agree, and NUE's forward PE still extremely low for a company hitting on all cylinders. The $2 dividend is the icing on the cake.

[Liam859]

Absolute monster while entire market is dumping