One stock that has been in my portfolio for a long time is Nucor Stock. They trade under the symbol NUE. Nucor is also considered a Dividend Aristocrat. Even in the credit crisis of 2008 to 2009,t he company continued with dividend increases.
Earnings Warning Sinks Nucor Stock
Nucor shares are lower by over 7% today after management advised that Q2 earnings will not meet analysts’ expectations. They expect earnings to come in at $1.00 to $1.05 a share which is still up over 30% from last year’s 76 cents for the same quarter. However analysts estimated earnings at $1.21 on average. Investors therefore are selling the stock today.
Here are the trades I entered today in Nucor stock. This article outlines the outlook for the stock, a rescue strategy if needed and additional trades that may be entered.
The rest of this Nucor Stock trade alert and ideas article is for FullyInformed Members.
Nucor Stock (NUE) Trade Alert for May 26 2017
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Read the full disclaimer.