Steel Dynamics Can't Buck Trend After NUE, CLF Trip Sell Signals

Apr 24, 2024 · In mid-March, Steel Dynamics gave a Q1 EPS range of $3.51 to $3.55 vs. the $3.35 consensus. Estimates: Steel Dynamics earnings were forecast to fall 12.5% to $3.51 per …

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Steel Dynamics Can't Buck Trend After NUE, CLF Trip Sell Signals

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Apr 24, 2024 · In mid-March, Steel Dynamics gave a Q1 EPS range of $3.51 to $3.55 vs. the $3.35 consensus. Estimates: Steel Dynamics earnings were forecast to fall 12.5% to $3.51 per …

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Steel Dynamics Can't Buck Trend After NUE, CLF Trip Sell Signals

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NUE, CLF, STLD Stocks. CLF lost another 1.2%, after diving 11% on Tuesday. NUE slipped 1.1%, adding insult to Tuesday's 8.9% injury. Both stocks tripped sell signals Tuesday with a …

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Steel Dynamics Rises On Earnings After NUE, CLF Trip Sell Signals

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Dec 18, 2024 · The company also announced a new board authorization to buy back $1.5 billion of CLF shares, after the prior $1 billion authorization expired. STLD Earnings. In mid-March, …

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Why Nucor, Cleveland-Cliffs, And Steel Dynamics Plunged This Week

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Mar 17, 2023 · As of early Friday morning, Nucor and Cleveland-Cliffs had each dropped about 8% since last week's close, and Steel Dynamics was lower by about 12%, according to data …

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Cleveland-Cliffs And Steel Dynamics Gain Attention Amid US Steel ...

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Sep 25, 2023 · The price targets for Cleveland-Cliffs and Steel Dynamics remain steady at $22 and $130 per share respectively, despite shares of Cleveland-Cliffs rising 2.1% to $14.77 …

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Why U.S. Steel Stocks Were Soaring Today | The Motley Fool

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Nov 6, 2024 · Cleveland Cliffs had originally offered to buy U.S. Steel for $35 per share before the larger Japanese steelmaker Nippon Steel swooped in with an even-higher offer of $55.

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Steel Stocks Slammed As Evidence Points To Weak Global Market In …

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Morgan Stanley also slashed its estimates for Cleveland-Cliffs (), forecasting EBITDA of just $3M in Q4 - down 97% from its previous outlook - $864M in FY 2024 and $1.45B in FY 2025, down …

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FAQs about Steel Dynamics Can't Buck Trend After NUE, CLF Trip Sell Signals Coupon?

Will Nucor and Cleveland-Cliffs rebound?

As of early Friday morning, Nucor and Cleveland-Cliffs had each dropped about 8% since last week's close, and Steel Dynamics was lower by about 12%, according to data provided by S&P Global Market Intelligence. But those stocks could be set to rebound after peer U.S. Steel ( X 3.81%) released an optimistic business forecast Thursday night. ...

Are steel stocks slammed as evidence points to weak global market in 2025?

Steel stocks slammed as evidence points to weak global market in 2025 Dec. 14, 2024 8:15 PM ETCleveland-Cliffs Inc. (CLF) Stock, NUE StockMT, CMC, X, STLD, OUTKY, OUTFFBy: Carl Surran, SA News Editor22 Comments Play(3min) lyash01/iStock via Getty Images ...

Will auto steel demand continue to weaken in 2025?

The bank sees auto steel demand continuing to weaken into 2025, and relatively stable prices weighing on free cash flow generation, which will go towards paying down debt rather than to shareholders. On Thursday, UBS analysts downgradedCommercial Metals (CMC) to Sell from Neutral as well as Nucor (NUE) and Steel Dynamics (STLD) to Neutral from Buy. ...

Will a new Trump presidency be better for steel stocks?

Steel stocks had rallied in early November as investors assumed a new Trump presidency would be better for the group than the outgoing Biden administration, but the stocks now trade well below those levels; Cleveland-Cliffs (CLF) and Nucor (NUE) hit new 52-week lows on Friday. More on Cleveland-Cliffs and Nucor ...

How did steel stock perform on Thursday & Friday?

Steel company stocks were notably poor performers on Thursday and Friday, with Cleveland-Cliffs (NYSE:CLF) -13.2%, Nucor (NYSE:NUE) -9.5%, Steel Dynamics (STLD) -8.4%, Commercial Metals (CMC) -7.1%, US Steel (X) -5%, ArcelorMittal (MT) -4.4% over the two trading sessions. ...

Did investors ignore the fundamentals and punish steel stocks this week?

Investors ignored the fundamentals and punished steel stocks this week. The tide turned Friday after one major domestic player surprised analysts with its upbeat business outlook. Rising steel prices mean cash should be flowing into these companies' coffers in the coming months. ...