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

Papadopoulos to ditch plea deal? Analyzing Mueller’s Sentencing memo

Maura Sullivan for Congress: Classroom (NH primary - gun bans)

Drug War Addicted Cops Attack Innocent Man for Rolling a Joint in a State With LEGAL Weed

65 Years Ago Today, the CIA Conspired with the UK to Overthrow Iran on Behalf of Big Oil

Trump would deport Melania if she divorced him

In a party dominated by Trumpism, growing ranks of forgotten Republicans sound warning

Muslim couple denied Swiss citizenship over handshake refusal

So I Broke into your house

Bruce Ohr May Have Broken More Than The Law By Pushing His Wife’s Opposition Research To The FBI

Trump admin files formal complaint against Facebook for 'discriminatory' policy

Mozilla / Firefox goes all in for EVIL… Pushes corporate news collusion to silence independent media

LOOK WHAT STATUE JUST WENT UP IN ARKANSAS

Trump Is a 'Russian Asset' Owned by the Mafia

Federal courts now accepting cryptocurrency for bail

Stop Calling Us "Mormons"

Over-looked BS: WOW: Sheriff Joe Arpaio Releases New Information on President Obama's Birth Certificate (FNN)

Fear and Loathing in the Land of Political Retards

Police Raided Their Home and Business, Seized Their Money, and Nearly Ruined Their Lives Over Some Weed

Deep State Conspiracy Revealed - Bruce Ohr's CIA Russia Expert Wife Worked with Fusion GPS

Bruce & Nellie Ohr. 302s, Fusion GPS-Simpson, Christopher Steele

Satanic Temple statue unveiled at the Arkansas State Capitol

40 ESPN president Jimmy Pitaro: Network won't show national anthem on 'Monday Night Football'

Afghanistan Has Become Trump’s ‘Failed Narco State’

476 Made Sick From Eating McDonald's Salads - Drinking Lemomade From Kids' Stands, Zero

Steve Martin Stays Away from Trump Jokes for a Reason: ‘We’re Not Here To Preach’

Seymour Hersh and the Disappearing Iconoclast He won a Pulitzer for My Lai and cracked Abu Ghraib wide open. But this reporter is still a lonely breed.

Trump's military parade has been delayed to at least 2019

2015 United Nations Paper Proposed Government Licensing To “Supervise Content” Online

Los Angeles Is First In US To Install Intrusive Subway Security - All Riders Will 'Volunteer'

Syria - Pentagon Plants High ISIS Numbers To Justify Occupation

A California cop feared for his life when a child's dog came to the door, so he opened fire and his bullet hit an 11-year-old boy.

Friday News

BREAKING: Bruce Ohr Texts, Emails Reveal Steele’s Deep Ties to Obama DOJ, FBI

Bleeding-Heart Liberals Bike Through Tajikistan to Prove “Evil Is a Make-Believe Concept” — Are Stabbed Dead By ISIS

Aretha Franklin, the legendary Queen of Soul, is dead at 76

Psychedelics Are Showing Real Promise for Treating Mental Disorders

The Internet Is Crowdfunding the Release of 4,358 Secret CIA Mind Control Documents

Report Shows FDA Manipulating and Ignoring Science on Kratom

Facebook Bans Infowars As Rapper Who Posted Child Porn to Instagram Keeps His Account

Deaf 76-year-old Woman Knocked Unconscious and Arrested Over Alleged Jaywalking

Nancy Pelosi: Maxine Waters ‘Strikes Fear in the Heart’ of Trump

The 73rd Anniversary of the Bombing of Nagasaki (Unwelcome Truths for Church and State)

These TSA Reject Dogs Are Too Good for the Government Anyway

"Rock & Roll Judges"

No, Pope Francis Is Not Changing the Lord's Prayer

Colorado Is Going After Jack Phillips of Masterpiece Cakeshop Again

Arizona father beats, kills man who followed his daughter into bathroom stall, police say

Cubans cheer as internet goes nationwide for a day

Two (or Three) Kinds of Honesty - Trump is hyper-intensely himself.

Investigative Journalist Found Dead in D.C. Hotel Room Weeks After Reporting Bill Clinton to FBI & DHS for Allegedly Raping Boy


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: 23

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