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NUE

Nucor

$59.88

0.16 (0.27%)

10:55
07/17/17
07/17
10:55
07/17/17
10:55

Nucor put volume heavy and directionally bearish

Bearish flow noted in Nucor with 2,060 puts trading, or 2x expected. Most active are Jul-17 59.5 puts and Aug-17 57.5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 3.39, while ATM IV is up over 1 point on the day. Earnings are expected on July 20th.

  • 20

    Jul

NUE Nucor
$59.88

0.16 (0.27%)

05/24/17
FBCO
05/24/17
UPGRADE
Target $68
FBCO
Outperform
Nucor upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded Nucor to Outperform and raised his price target for the shares to $68 from $56. The analyst also upgraded his U.S. Steel sector rating to Overweight from Market Weight. He expects prices to recover by late Q3 amid "strong" demand trends, low inventories, and trade dynamics via Section 232 "structurally limiting import flows despite attractive arb spreads." Woodworth notes that U.S. Steel equities have underperformed the market significantly since peaking in February.
05/24/17
05/24/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. DSW (DSW) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying concerns are reflected in valuation. 2. U.S. Steel (X), Steel Dynamics (STLD), and Nucor (NUE) were upgraded to Outperform from Neutral at Credit Suisse. 3. Momo (MOMO) upgraded to Buy from Hold at Deutsche Bank with analyst Eileen Deng saying the company posted accelerating user growth and "impressive" profitability in the first quarter. 4. Tilly's (TLYS) upgraded to Buy from Neutral at B. Riley with analyst Jeff Van Sinderen saying he sees business momentum following the company's first quarter results. 5. Cabot (CBT) upgraded to Buy from Neutral at Northcoast with analyst Kevin Hocevar saying his checks indicate indicate industry conditions are favorable for global carbon black manufacturers over the next few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/17
LBOW
06/19/17
UPGRADE
LBOW
Buy
Nucor upgraded to Buy from Neutral at Longbow
06/19/17
LBOW
06/19/17
NO CHANGE
LBOW
Steel stocks upgraded on positive price outlook at Longbow
As noted earlier, Longbow upgraded steelmakers Nucor (NUE), Steel Dynamics (STLD), U.S. Steel (X) and AK Steel (AKS) to Buy from Hold. After speaking with contacts in the sector, analyst Chris Olin says they expect steel HRC prices to rise $50-$60 per ton, driven by "a (recent) modest uptick in downstream steel orders, inventory adjustments and a large pullback in the number of steel import offers." In the wake of his checks, Olin now sees the chances of near-term government support of the U.S. steel sector in the form of protection from imports at 70%-80%, up from 50% last month. The analyst reports that "some buyers" expect price to rise to $700-$750 per ton following the government action, up from $590-$600 currently. Nucor target $66, Steel Dynamics target $40, U.S. Steel target $30, AK Steel target $10.

TODAY'S FREE FLY STORIES

PRTA

Prothena

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-0.43 (-0.71%)

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HK

Halcon Resources

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ARMK

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MDXG

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IPXL

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JBL

Jabil Circuit

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EVTCY

Evotec

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  • 17

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GPRO

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, CREE

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$29.28

-0.08 (-0.27%)

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CARB

Carbonite

$22.30

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NEWS

NewStar Financial

$12.13

0.23 (1.93%)

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JRVR

James River Group

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MDB

MongoDB

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NFLX

Netflix

$202.68

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  • 22

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PSX

Phillips 66

$90.87

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VZ

Verizon

$48.09

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VLO

Valero

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SNDX

Syndax

$12.76

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IMDZ

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CVS

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CVS

CVS Health

$72.44

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IPXL

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ANDV

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TCMD

Tactile Systems

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AGN

Allergan

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GRPN

Groupon

$4.70

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