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NUE

Nucor

$53.28

-1.94 (-3.51%)

09:03
05/20/19
05/20
09:03
05/20/19
09:03

Nucor announces capital investment at South Carolina bar mill

Nucor announced a capital investment that will add vacuum degassing to its engineered bar capabilities at its bar mill in Darlington, South Carolina. Adding this capability will enable the mill to produce engineered bar products meeting some of the most stringent quality specifications in the industry. The vacuum degassing system is expected to begin operations in late 2020.

NUE Nucor
$53.28

-1.94 (-3.51%)

03/11/19
03/11/19
DOWNGRADE

Neutral
Nucor downgraded to Neutral on limited earnings visibility at Longbow
As previously reported, Longbow downgraded Nucor to Neutral from Buy. Analyst Chris Olin's carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. Further, there has been a "tepid" response to the sheet and rebar price increase announcements, the analyst wrote in a note to investors. Olin lowered Nucor's full year estimate to better reflect only a partial acceptance of recent mill price increases, rising material costs, and a modest contraction in mini-mill metal spreads and expects management to lower the current year estimate to better reflect increased risks.
03/11/19
03/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JetBlue (JBLU) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski lowering his price target for the shares to $20 from $27. 2. Nucor (NUE) downgraded to Neutral from Buy at Longbow with analyst Chris Olin saying his carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. 3. Oracle (ORCL) downgraded to Reduce from Buy at Nomura Instinet with analyst Christopher Eberle saying Oracle's buyback program has helped drive the stock to near all-time highs, but the rate of $10B in buybacks per quarter "can't last forever." 4. Greenbrier (GBX) and Trinity Industries (TRN) downgraded to Sector Weight from Overweight at KeyBanc. 5. Zumiez (ZUMZ) downgraded to Hold from Buy at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward is no longer compelling after bouncing 40% off the mid-December lows. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
STPT
03/18/19
UPGRADE
STPT
Buy
Nucor upgraded to Buy from Hold at Standpoint Research
03/19/19
JPMS
03/19/19
NO CHANGE
JPMS
JPMorgan cuts steel estimates on 'steeper than expected' price decline
JPMorgan analyst Michael Gambardella lowered his 2019 estimates for AK Steel (AKS), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X) to reflect the "steeper than expected" price decline for steel sheet prices in Q4 of 2018 and the lagged impact on Q1 of 2019. However, the analyst believes prices have bottomed and he sees improving steel prices going into Q2. Demand remains solid, and global iron ore prices have moved higher along with U.S. scrap prices, Gambardella tells investors in a research note. He keeps an Overweight rating on all four names while lowering his price target for Nucor to $81 from $83, for Steel Dynamics to $46 from $51 and for U.S. Steel to $33 from $34.

TODAY'S FREE FLY STORIES

NTRS

Northern Trust

$85.86

-1.3 (-1.49%)

06:36
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    Jul

BK

BNY Mellon

$43.95

-0.54 (-1.21%)

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PSN

Parsons

$31.33

-0.39 (-1.23%)

06:36
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Earnings
Parsons reports Q1 adj. EPS 57c, consensus 13c »

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SCHW

Charles Schwab

$40.60

-0.41 (-1.00%)

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  • 27

    Oct

ALXN

Alexion

$120.11

2.17 (1.84%)

06:35
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Hot Stocks
Alexion announces approval of Ultomiris in Japan »

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  • 28

    Jun

GCP

GCP Applied Technologies

$26.36

-0.3 (-1.13%)

06:34
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GCP Applied Technologies to pursue standalone strategic plan »

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NRZ

New Residential

$15.58

0.12 (0.78%)

06:33
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New Residential enters into APA to acquire forward assets of Ditech Financial »

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MRK

Merck

$83.30

0.52 (0.63%)

, AZN

AstraZeneca

$39.98

0.3 (0.76%)

06:32
06/18/19
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06:32
Hot Stocks
Merck, AstraZeneca announce LYNPARZA approved in EU »

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MRK

Merck

$83.30

0.52 (0.63%)

AZN

AstraZeneca

$39.98

0.3 (0.76%)

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TTMI

TTM Technologies

$9.46

0.05 (0.53%)

06:32
06/18/19
06/18
06:32
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06:32
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TTM Technologies analyst commentary  »

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BCE

BCE

$44.29

-0.345 (-0.77%)

06:27
06/18/19
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06:27
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06:27
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BCE rating change  »

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  • 01

    Aug

JPM

JPMorgan

$109.20

-0.64 (-0.58%)

, GS

Goldman Sachs

$190.74

-0.97 (-0.51%)

06:25
06/18/19
06/18
06:25
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06:25
Periodicals
JPMorgan working on secretive digital banking project, TechCrunch reports »

JPMorgan (JPM) is working…

JPM

JPMorgan

$109.20

-0.64 (-0.58%)

GS

Goldman Sachs

$190.74

-0.97 (-0.51%)

03/08/13
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  • 18

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  • 06

    Aug

ARRY

Array BioPharma

$46.42

16.83 (56.88%)

06:22
06/18/19
06/18
06:22
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06:22
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Array BioPharma rating change  »

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TSLA

Tesla

$225.00

10.19 (4.74%)

06:21
06/18/19
06/18
06:21
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06:21
Periodicals
Musk deletes tweet attacking Tesla co-founder Eberhard, Business Insider reports »

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DIS

Disney

$140.95

-0.69 (-0.49%)

06:19
06/18/19
06/18
06:19
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06:19
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Disney analyst commentary  »

Media survey shows strong…

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  • 25

    Jun

RTN

Raytheon

$179.77

2.39 (1.35%)

06:18
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Raytheon, Black Sage partner on drone detection »

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TGI

Triumph Group

$18.69

-1.37 (-6.83%)

06:17
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Triumph Group unit to provide engineering services for Mitsubishi Aircraft »

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  • 18

    Jul

AZN

AstraZeneca

$39.98

0.3 (0.76%)

, MRK

Merck

$83.30

0.52 (0.63%)

06:16
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AstraZeneca's Lynparza approved as 1st line ovarian cancer maintenance treatment »

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$39.98

0.3 (0.76%)

MRK

Merck

$83.30

0.52 (0.63%)

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TGI

Triumph Group

$18.69

-1.37 (-6.83%)

06:15
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Triumph Group, Air France announce strategic alliance »

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  • 18

    Jul

UTX

United Technologies

$124.14

-1.16 (-0.93%)

06:14
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United Technologies' Collins Aerospace secures more than $1.5B in agreements »

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NVDA

Nvidia

$144.98

0.39 (0.27%)

, VOLVY

Volvo

$0.00

(0.00%)

06:12
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Nvidia, Volvo partner to develop AI platform for autonomous trucks »

The Volvo Group (VOLVY)…

NVDA

Nvidia

$144.98

0.39 (0.27%)

VOLVY

Volvo

$0.00

(0.00%)

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  • 09

    Jul

  • 15

    Aug

AL

Air Lease

$38.66

-0.185 (-0.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:12
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Hot Stocks
Air Lease announces lease placement of 6 new Airbus A330-900neos with Virgin »

Air Lease (AL) announced…

AL

Air Lease

$38.66

-0.185 (-0.48%)

EADSY

Airbus

$0.00

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  • 13

    Nov

WHD

Cactus

$30.63

-0.505 (-1.62%)

06:10
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VWAGY

Volkswagen

$0.00

(0.00%)

06:10
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Volkswagen aims to boost in-house software development to 60% by 2025 »

Volkswagen AG said in a…

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AL

Air Lease

$38.66

-0.185 (-0.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:10
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Air Lease announces lease placement of 3 new Airbus A321-200neo with Sky Airline »

Air Lease (AL) announced…

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Air Lease

$38.66

-0.185 (-0.48%)

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Airbus

$0.00

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  • 13

    Nov

SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:09
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Spirit AeroSystems announces role across four projects on Airbus program »

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SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

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Airbus

$0.00

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