Stock Market News for June 10, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:10AM CDT
Stronger dollar resulted in a decline in oil prices which led the benchmarks to close in the red on Thursday
RH: 25.68 (-0.88), NUE: 49.98 (-0.52), VMC: 114.28 (-1.21), FCX: 10.40 (+0.04), C: 43.16 (-0.74), HAL: 44.28 (-0.10), COP: 43.88 (-0.63), XOM: 90.59 (+0.61), BAC: 13.60 (-0.23), WFC: 47.97 (-0.37), SLB: 77.64 (-0.89), LYB: 79.22 (-1.25), PXD: 160.68 (+1.13), GS: 148.63 (-1.26), JPM: 63.27 (-0.57), TSO: 74.23 (-2.98), CVX: 102.10 (+0.12)
Nucor & JFE Steel to Serve the Mexican Automotive Market
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 5:56AM CDT
Nucor Corporation (NUE) and JFE Steel Corporation of Japan have announced a 50-50 joint venture to build and operate a plant in Mexico that will supply sheet steel to the country's automotive market.
RYI: 14.02 (-0.98), NUE: 49.98 (-0.52), MT: 5.12 (-0.17), PKX: 45.08 (-1.20)
Nucor and JFE Steel Form Joint Venture to Supply Automotive Market in Mexico
PR Newswire - Thu Jun 09, 1:00AM CDT
Nucor Corporation (NYSE: NUE) announced today that it is forming a 50-50 joint venture with JFE Steel Corporation of Japan to build and operate a plant in central Mexico to supply that country's automotive market. The plant is expected to have a cost of $270 million and a capacity of 400,000 tons per year of galvanized sheet steel.
NUE: 49.98 (-0.52)
SmarTrend Watching for Potential Pullback in Shares of Nucor After 2.94% Gain
Comtex SmarTrend(R) - Wed Jun 08, 1:32PM CDT
Nucor (NYSE:NUE) traded in a range yesterday that spanned from a low of $50.94 to a high of $51.98. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $50.65 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
NUE: 49.98 (-0.52)
After Yesterday's Rally of 2.94% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed Jun 08, 1:31PM CDT
Nucor (NYSE:NUE) traded in a range yesterday that spanned from a low of $50.94 to a high of $51.98. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $50.65 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
NUE: 49.98 (-0.52)
Nucor Announces 173rd Consecutive Cash Dividend
PR Newswire - Mon Jun 06, 8:00AM CDT
The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.375 per share on Nucor's common stock. This cash dividend is payable on August 11, 2016 to stockholders of record on June 30, 2016, and is Nucor's 173rd consecutive quarterly cash dividend.
NUE: 49.98 (-0.52)
Featured Research Report on Steel and Iron's Stocks
ACCESSWIRE - Fri Jun 03, 8:16AM CDT
LONDON, UK / ACCESSWIRE / June 3, 2016 / ActiveWallSt.com announces the list of stocks for today's research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Steel & Iron industry. Companies recently under review include Nucor, Commercial Metals, TimkenSteel, and Reliance Steel & Aluminum. Register with us now for your free membership and see our complete reports on these equities at:
RS: 75.48 (-1.22), TMST: 9.48 (-0.15), CMC: 17.36 (-0.12), NUE: 49.98 (-0.52)
/R E P E A T -- Media Advisory - Nucor Groundbreaking Ceremony on First Vulcraft Canada Production Facility/
CNW Group - Thu Jun 02, 7:00AM CDT
Nucor Corporation executives and teammates will be hosting a groundbreaking ceremony for its new steel products manufacturing facility, Vulcraft Canada, Inc. The event is scheduled for Friday, June 3 at 10 a.m. at the building site in Ancaster, Ontario.
NUE: 49.98 (-0.52)
Media Advisory - Nucor Groundbreaking Ceremony on First Vulcraft Canada Production Facility
CNW Group - Wed Jun 01, 7:00AM CDT
Nucor Corporation executives and teammates will be hosting a groundbreaking ceremony for its new steel products manufacturing facility, Vulcraft Canada, Inc. The event is scheduled for Friday, June 3 at 10 a.m. at the building site in Ancaster, Ontario.
NUE: 49.98 (-0.52)
The Zacks Analyst Blog Highlights: Nucor, U.S. Steel, AK Steel, Steel Dynamics and ArcelorMittal
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:30AM CDT
The Zacks Analyst Blog Highlights: Nucor, U.S. Steel, AK Steel, Steel Dynamics and ArcelorMittal
STLD: 25.61 (-0.27), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
U.S. Thumps China with Heavy Tariffs on Steel Imports
Zacks Equity Research - Zacks Investment Research - Fri May 27, 1:57PM CDT
The U.S. commerce department has slapped a whopping final anti-dumping duty rate of 209.97% on imports of corrosion-resistant steel from China.
STLD: 25.61 (-0.27), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Zacks Industry Outlook Highlights: Nucor, Commercial Metals, United States Steel, ArcelorMittal and Steel Dynamics
Zacks Equity Research - Zacks Investment Research - Fri May 27, 8:30AM CDT
Zacks Industry Outlook Highlights: Nucor, Commercial Metals, United States Steel, ArcelorMittal and Steel Dynamics
STLD: 25.61 (-0.27), CMC: 17.36 (-0.12), NUE: 49.98 (-0.52), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Will the Steel Industry Buckle Under These Factors?
Zacks Equity Research - Zacks Investment Research - Thu May 26, 4:33PM CDT
Will the Steel Industry Buckle Under These Factors?
STLD: 25.61 (-0.27), F: 12.98 (-0.12), BHP: 26.85 (+0.12), NUE: 49.98 (-0.52), VALE: 4.37 (-0.04), AKS: 4.87 (-0.09), RIO: 28.07 (+0.13), TS: 27.76 (-0.64), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Steel Industry Steadily Gaining Strength
Zacks Equity Research - Zacks Investment Research - Thu May 26, 1:36PM CDT
Steel Industry Steadily Gaining Strength
STLD: 25.61 (-0.27), CMC: 17.36 (-0.12), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
US Steel Imports Drop in April as Trade Actions Bear Fruit
Zacks Equity Research - Zacks Investment Research - Thu May 26, 10:37AM CDT
U.S. Steel imports dropped 5.6% on a monthly comparison basis to 2,456,000 net tons in April.
STLD: 25.61 (-0.27), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Zacks Industry Outlook Highlights: ArcelorMittal, United States Steel, AK Steel Holding, Nucor and Steel Dynamics
Zacks Equity Research - Zacks Investment Research - Wed May 25, 8:30AM CDT
Zacks Industry Outlook Highlights: ArcelorMittal, United States Steel, AK Steel Holding, Nucor and Steel Dynamics
STLD: 25.61 (-0.27), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Steel Industry Stock Outlook - May 2016
Zacks Equity Research - Zacks Investment Research - Tue May 24, 2:54PM CDT
Steel Industry Stock Outlook - May 2016
STLD: 25.61 (-0.27), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Nucor Poised on Auto Momentum, Expansion Amid Headwinds
Zacks Equity Research - Zacks Investment Research - Mon May 23, 6:21AM CDT
We have issued an updated research report on steel giant Nucor (NUE).
RYI: 14.02 (-0.98), ZEUS: 25.67 (-0.07), NUE: 49.98 (-0.52), MT: 5.12 (-0.17)