Friday, November 21st, 2008

Posts Tagged ‘ NUE ’

Global Investing Roundups Friday, October 17th, 2008

Oct 17th, 2008 | By William Patalon III | Category: Financial News

Google Doesn’t Disappoint; Jobless Claims Drop but Remain High; Peabody’s Third Quarter Lights Out; Nucor Profit Doubles; Nokia’s Profit Dip; AMD Narrows Loss; Hershey’s Sweet Surprise; Citi’s Consumer Credit Woes



Global Investing Roundups Tuesday, September 16th, 2008

Sep 16th, 2008 | By William Patalon III | Category: Financial News, International Investing

Electronic Arts Ditches Take-Two; Nucor’s Positive Outlook; Best Buy Snaps up Napster; Target’s New Ballpark; Oil Hits Six-Month Low; Wilbur Ross Expects 1,000 U.S. Banks to Fail; Hewlett-Packard Slashes Payrolls



Horacio Marquez Says Nucor (NUE) Poised for Big Gains

Sep 8th, 2008 | By Horacio Marquez | Category: Featured, Financial News

Steel-sector stocks have been taking investors on a roller-coaster ride lately. At one point this year, they had climbed a whopping 36%, but they are now down 16% for the year.

US steelmaker Nucor (NYSE:NUE) took a thumping along with the rest of the sector. Shares are down 18% for the year, dropping 42% from their peak for 2008.

However, Money Map Report editor Horacio Marquez reckons Nucor’s “terrific fundamentals” mean its shares are poised for big gains. He says, “all the technical indicators … point to a massively oversold condition in Nucor’s shares.”