Nue | Stock Market News & Stocks to Watch from StraightStocks

Steel is on sale: Nucor, Cleveland-Cliffs and more

Stockmasters Staff (July 3rd, 2008) Writes:

Nucor Corporation (NYSE:NUE) is down 14% in the last 5 days and Cleveland-Cliffs Inc (NYSE:CLF) down 17% since Monday. All thanks to speculation and a Bloomberg article and down the big boys go. Today, those stocks are being bought back in a hurry, gitty up Masters. Even United States Steel Corporation (NYSE:X) took a 15% hit this week. Hate your ...

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Big Boys, bloomberg, Cleveland Cliffs, Cleveland Cliffs Inc, Clf, Current Market News, Gitty Up, Hurry, masters, Nucor, Nucor Corporation, Nue, nyse, Speculation, stocks, Stocks to Watch

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CNBC Bonus Bucks Trivia: In June 5’s “Web Extra: Suspicious Stock” which Fast Money trader wanted to share his/her investment doubts?

William A. Trent (June 9th, 2008) Writes:

In June 5’s “Web Extra: Suspicious Stock” which Fast Money trader wanted to share his/her investment doubts?

We ran out of time on TV but Guy Adami wants you to know about this stock. In Thursday’s Web Extra find out what happened that’s making him suspicious.

The stock in question was Nucor (NUE), and Adami felt that the company’s guidance increase may signal an acquisition. Nucor shows up in the models I follow for having a particularly high accrual ratio, which is often a signal of poor earnings quality. It also has strong price momentum, which can be both a blessing and a curse for investors.