[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

City official charged with murder after state rejects 'stand your ground' shooting of alleged shoplifter

Please Remember Not to Vote!

Evil Mutant Death Walrus

White House chopper mechanic busted with crystal meth after calling the cops on himself

FBI Admits It Used Multiple Spies To Infiltrate Trump Campaign

Judge Orders Mueller To Prove Russian Company Meddled In Election

"The Factory of the World"

Trump Announces He’s a Few Weeks From Banning Bump Stocks

Hillary Clinton, Donald Trump, and Why Civility Can't Return To Politics

Self-Censorship: Where The Real Damage Is Being Done

Decorated Silver Star Veteran, POW Sentenced to 7 Years for a Gun He Bought 40 Years Ago

Facebook Deletes Disabled Vet’s Pages — After Taking $300,000 in Advertising

Rockin’ the Right

State Department provided ‘clearly false’ statements to derail requests for Clinton docs, ‘shocked’ federal judge says

Police Charge a 12-Year-Old Rapper With Felony After Mall Confrontation Over Selling His Own CDs

Stossel: Libertarian Larry Sharpe Brings New Ideas to New York

9/11 was a bank heist

Dear God, Hillary Clinton. Please, Just Go.

Mexico dispatches two Boeing 727s full of federal police officers to intercept migrant caravan from Honduras heading to the US....

stop this onslaught - and if unable to do so I will call up the U.S. Military and CLOSE OUR SOUTHERN BORDER!

High School Girls Admitted to Making False Sexual Assault Accusations Against a Male Student Because They ‘Just Don’t Like Him’

Newly Released Video Challenges Cop's Story in Shooting of Autistic Teen

‘To Kill a Mockingbird’ performance canceled again at Shorewood HS; boy in custody

‘Golfcart Gail’ calls cops on black dad at his kid’s soccer game

You Want to Make America Great Again? Start by Making America Free Again

YouTube users question sanity, reality as service goes dark worldwide (YouTube DOWN, gone)

Trump voter begs for forgiveness: 'Sorry I voted for him -- I've enabled this monster'

Ben Shapiro Explains Socialism in 2 Minutes

Creepy Porn Lawyer slam dunked by Trump in Federal court

Feds raise rate 6 times under Trump but once/twice under Obama

‘I Stand for the Flag, I Kneel at the Cross’: PA Dem Forced to Resign After Facebook Posts Deemed Offensive

Warren’s DNA test mocked, as GOP cites study showing average Native-American link could be stronger

Warren Releases DNA Results, Challenges Trump Over Native American Ancestry

Did Saudis, CIA Fear Khashoggi 9/11 Bombshell?

Portland citizens jeer cowardly anarchists, cheer police! (short version)

With the Saudis, Trump Shows Timidity

Four Democrats Caught in Voter Fraud Ring Targeting Seniors in Fort Worth

'YOU'RE FREE, MAN!' Somalian whose deportation from UK was stopped by outraged Heathrow passengers revealed as gang-rapist who attacked teen girl

Police seeking person who put googly eyes on historic Georgia statue

Antifa mob that should be shot and killed on site

Ford Just Came To Trump' Defense & Destroyed Fake News Media & Their Lies: Tariffs & Their Layoffs

Trident Juncture 2018 Is About to Kick Off: NATO’s Big War Games Near Russia’s Borders Never End

Who Runs Bartertown? (Perpetual Taxes on Property)

'The president of a country should not publicly ridicule a woman who courageously comes forward': Anal Clooney skips royal wedding to take a hit at Trump at Pennsylvania women's conference

Christine Blasey Ford's bogus 'bravery' award nomination

War on Choice: UK Government Sets ‘Calorie Cap’ for Pizzas, Burgers… Even Soup

Good bye ... NFL --- been good knowing you.

M*A*S*H Goes to the Junkyard

Donald Trump Defends Medicare, a Socialist Program, from the Threat of Socialism

I'm at the Trump rally in Warren County Ohio

Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: NEWS Nucor Earnings Double As Trump Tariffs Lift Steel Prices
Source: investors.com
URL Source: https://www.investors.com/news/nuco ... gs-double-steel-trump-tariffs/
Published: Jul 19, 2018
Author: Jed Graham
Post Date: 2018-07-20 19:27:40 by Gatlin
Keywords: None
Views: 35

Nucor (NUE) kicked off the steel earnings season by reporting a surge in second- quarter profit, thanks to a boost from Trump tariffs on steel imports. But after Nucor raised its earnings guidance in mid-June, the steelmaker fell just short of Wall Street's raised profit expectations on Thursday morning.

X Nucor earnings vaulted 107% to $2.07 a share, as revenue grew 25% to $6.461 billion. Wall Street had expected earnings of $2.10 a share on revenue of $6.493 billion, according to Zacks Investment Research.

Nucor said it sees sustainable strength in steel markets and expects Q3 earnings to "further improve" on record earnings in Q2. Before the report, the consensus estimate was for $2.15 per share for the third quarter.

Nucor stock sank 1.4% to 64.68 on the stock market today. Shares rose 1.5% on Wednesday to 65.61, 7% below the 10-year high hit in early January. Since that time, Nucor stock has been consolidating. Its relative strength line, which tracks a stock's performance vs. the S&P 500 index, has been in a downtrend since late 2016.

Steel stocks have been stock market laggards. The Steel-Producers group is ranked 166 out of 197 industry groups based on price performance. Nucor stock is ranked No. 2 in the group by IBD Stock Checkup based on earnings, sales, margin and stock price trends. Steel Dynamics (STLD) is ranked No. 1.

On Thursday, Steel Dynamics stock, U.S. Steel (X) and AK Steel (AKS) fell 2.6%, 2.2% and 1.6%, respectively.

The relative underperformance of steel stocks this year may reflect uncertainty over whether the 25% Trump tariff on steel imports is sustainable. The Trump tariffs are being challenged by trading partners at the World Trade Organization. The Trump administration initially granted exemptions from the steel tariffs to Canada, Mexico and the European Union, before reversing course on June 1. But those exemptions might be renewed if President Trump can win concessions on trade in autos and NAFTA rules.

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com