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Stock Market & Financial Investment News

News Breaks
June 20, 2014
09:03 EDTNUENucor sees Q2 EPS 35c-40c, consensus 62c
The performance of raw materials segment includes an anticipated operating loss of 6c at new direct reduced iron plant in St. James Parish, Louisiana. The Louisiana DRI plant has continued to exceed volume expectations while producing excellent quality DRI units; however, yield loss remains higher than desired. Nucor expects significant improvements in the performance of the Louisiana DRI facility in the third quarter, with profitable performance anticipated by the end of the year. Overall operating performance at steel mills segment is expected to be slightly improved compared to the first quarter of 2014, as improvements in sheet and plate profitability are partially offset by lower profitability in structural steel. In June, Nucor-Yamato Steel is undergoing a planned three week outage associated with our $115M sheet piling capital project. This planned outage will result in lower shipments for structural steel. Import levels continue to negatively impact pricing and margins, particularly at our bar and sheet mills.
News For NUE From The Last 14 Days
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January 26, 2015
15:40 EDTNUENotable companies reporting before tomorrow's open
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January 23, 2015
10:02 EDTNUEOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmSurg (AMSG) upgraded to Overweight from Neutral at Piper Jaffray... Anglo American (AAUKY) upgraded to Neutral from Sell at Goldman... Autobytel (ABTL) upgraded to Buy from Hold at Ascendiant... Charles River Labs (CRL) upgraded to Outperform from Market Perform at William Blair... Chesapeake (CHK) upgraded to Outperform from Neutral at Credit Suisse... CubeSmart (CUBE) upgraded to Buy from Neutral at SunTrust... Cypress Semiconductor (CY) upgraded to Neutral from Underweight at JPMorgan... DreamWorks Animation (DWA) upgraded to Overweight from Neutral at Piper Jaffray... E-Trade (ETFC) upgraded at Credit Suisse... Kate Spade (KATE) upgraded to Buy from Neutral at Mizuho... LinkedIn (LNKD) upgraded to Strong Buy from Market Perform at Raymond James... Matthews (MATW) upgraded to Outperform from Neutral at Macquarie... Meridian Bioscience (VIVO) upgraded to Buy from Hold at Craig-Hallum... Michael Kors (KORS) upgraded to Buy from Neutral at Mizuho... NIC Inc. (EGOV) upgraded to Hold from Sell at Maxim... Natural Grocers (NGVC) upgraded to Overweight from Neutral at Piper Jaffray... Nucor (NUE) upgraded to Buy from Neutral at Goldman... ResMed (RMD) upgraded to Buy from Hold at Needham... Smith & Wesson (SWHC) upgraded to Buy from Neutral at Dougherty... Ternium (TX) upgraded to Neutral from Sell at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at BB&T... ZAGG (ZAGG) upgraded to Buy from Hold at Craig-Hallum... lululemon (LULU) upgraded to Overweight from Neutral at JPMorgan.
06:27 EDTNUENucor upgraded to Buy from Neutral at Goldman
Goldman upgraded Nucor to Buy due to high exposure to recovering non-residential markets, low cost structure, and strong balance sheet. Price target lowered to $52 from $55.
January 15, 2015
10:00 EDTNUEOn The Fly: Analyst Initiation Summary
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05:32 EDTNUENucor initiated with an Overweight at Barclays
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January 13, 2015
11:31 EDTNUEBofA/Merrill metals & steel analysts hold analyst/industry conference call
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