Nucor Corporation (NUE) Offering Possible 47.45% Return Over the Next 20 Calendar Days

Nucor Corporation's most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 47.45% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $1.77 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock rose above the $103.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nucor Corporation is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Nucor Corporation is bearish.

The RSI indicator is at 24.89 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

U.S. Steel Expands Stock Buyback; X Stock Rises
Thu, 27 Jan 2022 23:00:36 +0000
Nucor posted record earnings for Q4 on Thursday as steelmakers, including NUE stock, looked to bounce back. US Steel reports later.

Nucor forging ahead with expansions after ending record 2021 with a strong quarter
Thu, 27 Jan 2022 22:15:36 +0000
Nucor Corp. beat analysts’ earnings projections for the fourth quarter and delivered a much-expected record year, bringing in a profit of more than $6.8 billion for 2021.

U.S. Steel Sets New Stock Buyback After Metal-Price Surge
Thu, 27 Jan 2022 22:00:09 +0000
(Bloomberg) — U.S. Steel Corp. plans to buy back $500 million of its shares, rewarding investors after a record surge in steel prices fueled one of the company’s most profitable years ever.Most Read from BloombergApple to Rival Square by Turning iPhones Into Payment TerminalsStocks Drop in Roller-Coaster Ride for Wall Street: Markets WrapCrypto Secrecy Makes DeFi a Financial Felon’s WonderlandHow a Fox News Interview Threw the Antiwork Subreddit Into ChaosAmericans’ Gas Stoves Are as Bad for Cl

Top Growth Stocks for February 2022
Thu, 27 Jan 2022 20:08:15 +0000
Growth investing is one of two main fundamental investment strategies, the other being value investing. Investors employing a growth investing strategy will typically place the majority of their portfolio in growth stocks, which are shares of companies with earnings or sales expected to grow at a significantly faster rate than the rest of the market. The primary way that investors expect to earn profits from growth investing is through capital gains.

Nucor (NUE) Tops Earnings Estimates in Q4 on Higher Steel Prices
Thu, 27 Jan 2022 15:05:03 +0000
Nucor's (NUE) Q4 earnings were driven by higher selling prices. It sees earnings for the steel mill segment to decline sequentially in Q1 due to lower profitability of its sheet mills.

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