Despite Steel Dynamics’ recent outperformance relative to its broader sector, Wall Street analysts remain cautious about the stock’s prospects.
The largest steel producer in America, Nucor has continued to underperform the Dow over the past years. Yet analysts remain cautiously bullish on the stock’s prospects.
The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.68%. Stock indexes...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.41%. Stock indexes today are posting...
The brokerage cited weak third quarter earnings, and softer-than-expected guidance across U.S. steel stocks for the downgrade.
Steel Dynamics has underperformed the broader market over the past year but outshone its peers, and Wall Street analysts remain moderately cautious about the stock’s outlook.
EQNX::TICKER_START (NYSE:CLF),(NYSE:SCCO),(NYSE:CCJ),(NYSE:TECK),(NASDAQ:STLD) EQNX::TICKER_END
Investors in Steel Dynamics, Inc. STLD need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $170 Put had some of the highest implied volatility...
Trump's proposed across-the-board tariffs will create some losers. But there will be winners, too.
A Trump victory could mean higher tariffs on foreign steel, with a key merger in limbo.