NUCOR (NUE) Stocks
📊 Nucor Corporation is an American public company and the largest steel producer in the U.S. It is also the largest mini-mill steelmaker in the U.S. – using electric arc furnaces for the melting of scrap steel as opposed to blast furnaces to melt iron. Nucor is also the biggest recycler of all materials in the U.S.
📊 Nucor Corporation is the U.S. market leader in rebar and merchant bar products. The company’s bar mill network is positioned with quick and efficient access to all supporting and major markets. Nucor’s engineered bar products are produced in advanced steel recycling facilities.
📊 The company’s steel products include a diverse range of wide-flange pilings, steel beams and heavy structural products. Its Nucor-Yamato facility is the only high-strength, low-alloy beam producer in North America. These beams are used in gravity columns for high-rise buildings and long span trusses for convention centers and stadiums. Nucor’s two beam mills have the combined capacity to exceed 3 million tons every year and supplies material to steel service centers, construction companies and fabricators among others. The Nucor Plate Mill Group produces its steel plate products in cut-to-length and discrete plates as well as in coils.
📊 Nucor Corporation’s history can be traced back to 1905. It is headquartered in Charlotte, North Carolina and today it has more than 25 000 employees. The company’s subsidiaries include Nucor Building Systems, Nucor Yamato Steel Co., Republic Conduit, Inc., American Buildings Company, Ambassador Steel Corp. and Vulcraft-Omega.
HISTORY OF NUCOR
- Ransom E. Olds finds the Olds Motor Vehicle Company in 1897. Later it becomes Oldsmobile and becomes part of General Motors Corporation. Olds leaves Oldsmobile in 1905 and starts the REO Motor Car Company. Through the years it evolves into the Nuclear Corporation of America and ultimately becomes Nucor Corporation.
- In 1962 the Nuclear Corporation buys Vulcraft, a producer of steel joists and girders.
- In 1964 it opens a second Vulcraft plant in Nebraska. Vulcraft buys M&S Steel Company of Fort Payne in 1967. The company changes its name from Nuclear Corporation to Nucor Corporation in 1971.
- In 1972 it is listed on the New York Stock Exchange.
- Through the coming years the company opens more mills and acquires various businesses. In 2016 Nucor buys announces a joint venture with JFE Steel Corporation of Japan – building a plant in central Mexico to supply the country’s growing automotive market. Nucor moves into the steel tubing market by buying Independence Tube Corporation, Republic Conduit and Southland Tube Incorporated – adding more than a million tons of capacity through these acquisitions.
- In 2017 Nucor buys St. Louis Cold Drawn, Inc. and announces a $85 million upgrade of its rolling mill in Marion, Ohio.
VISION & VALUES OF NUCOR
- Nucor Corporation believes in sustainability by always working towards long term success and not short-term gains. The company is committed to being cultural and environmental stewards in the communities where its people work and live.
- It continually strives to find new and innovative ways to protect the environment.
MARKET PERFORMANCE OF NUCOR
- Nucor Corporation trades on the New York Stock Exchange under the NYSE stock symbol “NUE”. It is an S&P 500 Index component.
- The company reports its second quarter 2019 results in July 2019. Its consolidated net earnings are $386.5 million, or $1.26 per diluted share, compared to $683.2 million, or $2.13 per diluted share for the same period in 2018.
LATEST NEWS NUCOR
Buy NUCOR stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase NUCOR Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy NUCOR Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN NUCOR STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE NUCOR STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of NUCOR stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy NUCOR stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?