Nucor Stock (NUE) – Trade Alerts After Earnings – Jan 29 2019

Nucor Stock NUE

Nucor Corp reported a 68.5 percent gain in fourth-quarter profit this morning beating estimates by a wide margin.

A significant portion of the gains came from the 25% steel tariffs on imports which pushed steel prices 21% higher adding to the profits. This made 2018 a record breaking year for the number 1 steelmaker.

Net income attributable to shareholders rose to $646.8 million in the fourth quarter ended Dec. 31, from $383.9 million, a year earlier. The company posted earnings per share of $2.07, compared with $1.20, a year earlier.

 The rest of this Nucor Stock strategy article and trades is for FullyInformed Members.

 Nucor Stock (NUE) – Trade Alerts After Earnings – Jan 29 2019



 

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