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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

PANL

Pangaea Logistics

$3.45

0.05 (1.47%)

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ACAD

Acadia

$25.97

0.28 (1.09%)

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Breaking Hot Stocks news story on Acadia »

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SNAP

Snap

$14.14

0.12 (0.86%)

16:14
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Initiation
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WHR

Whirlpool

$148.30

0.085 (0.06%)

16:14
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Whirlpool says expects to continue repurchasing stock throughout 2019 »

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ZION

Zions Bancorp

$45.22

-0.89 (-1.93%)

16:13
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Earnings
Zions Bancorp reports Q2 EPS 99c, consensus $1.10 »

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  • 22

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WHR

Whirlpool

$148.46

0.25 (0.17%)

16:13
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Whirlpool updates FY19 free cash flow view to approximately $800M »

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TPCO

Tribune Publishing

$8.30

0.06 (0.73%)

16:13
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Tribune names Kris Worrell editor-in-chief of the Virginian-Pilot, Daily Press »

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CCO

Clear Channel Outdoor

$4.18

-0.055 (-1.30%)

16:12
07/22/19
07/22
16:12
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16:12
Syndicate
Clear Channel Outdoor files to sell 100M shares of common stock »

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  • 01

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CATC

Cambridge Bancorp

$79.54

-0.19 (-0.24%)

16:12
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16:12
Initiation
Cambridge Bancorp initiated  »

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HII

Huntington Ingalls

$229.45

-0.59 (-0.26%)

16:11
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16:11
Hot Stocks
Huntington Ingalls awarded U.S. Nacy contract »

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  • 01

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WHR

Whirlpool

$148.44

0.23 (0.16%)

16:11
07/22/19
07/22
16:11
07/22/19
16:11
Earnings
Whirlpool raises FY19 adjusted EPS view to $14.75-$15.50 from $14.00-$15.00 

FY19 consensus $14.81.

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  • 23

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EFX

Equifax

$137.75

0.46 (0.34%)

16:11
07/22/19
07/22
16:11
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16:11
Recommendations
Equifax analyst commentary  »

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ADC

Agree Realty

$62.98

-0.17 (-0.27%)

16:11
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Hot Stocks
Agree Realty increases FY19 acquisition guidance to $625M-$675M »

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  • 23

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WHR

Whirlpool

$148.47

0.26 (0.18%)

16:10
07/22/19
07/22
16:10
07/22/19
16:10
Earnings
Whirlpool reports Q2 adjusted EPS $4.01, consensus $3.71 »

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  • 23

    Jul

ADC

Agree Realty

$63.05

-0.1 (-0.16%)

16:10
07/22/19
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Earnings
Agree Realty reports Q2 adjusted FFO 74c, consensus 74c »

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  • 23

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ACAD

Acadia

$25.94

0.25 (0.97%)

16:09
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Acadia phase 3 Pimavanserin trial did not achieve statistical significance »

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SBUX

Starbucks

$90.94

0.65 (0.72%)

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  • 25

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WASH

Washington Trust

$50.79

-0.4 (-0.78%)

16:07
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Earnings
Washington Trust reports Q2 EPS 99c, consensus $1.02 »

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  • 23

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CDNS

Cadence Design

$72.71

-0.18 (-0.25%)

16:07
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Earnings
Cadence Design raises FY19 adj. EPS view to $2.11-$2.17 from $2.04-$2.12 »

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  • 22

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LAND

Gladstone Land

$11.42

0.1 (0.88%)

16:07
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Gladstone Land acquires land, facilities in South Florida »

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  • 08

    Aug

CDNS

Cadence Design

$72.77

-0.12 (-0.16%)

16:06
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Earnings
Cadence Design sees Q3 adjusted EPS 50c-52c, consensus 50c »

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  • 22

    Jul

CDNS

Cadence Design

$72.77

-0.12 (-0.16%)

16:06
07/22/19
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16:06
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16:06
Earnings
Cadence Design reports Q2 adjusted EPS 57c, consensus 53c »

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  • 22

    Jul

NSTG

NanoString

$31.73

-0.04 (-0.13%)

16:05
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HYAC

Haymaker Acquisition

$0.00

(0.00%)

16:04
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Hot Stocks
Haymaker announces separate trading of its class A common stock »

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AMTD

TD Ameritrade

$52.38

0.79 (1.53%)

16:02
07/22/19
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Earnings
TD Ameritrade reports Q3 net new client assets of $19.5B »

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  • 23

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