Nucor (NUE) Materials Play for 2025NYSE:NUE announced earnings this morning. The subsequent opening price action triggered a Spike Alert on the opening 30 minute bar which brought the stock to my attention.
This spike was generated by the Earnings opening price action. Earnings beat estimates and the stock rallied. However, where the spike breached... and more importantly held... was what interests me.
Price Action Support
The combined supports of:
The 50% Retracement of the trend from January 3rd to January 21st
The Volume Profile Point of Control (POC) for the Trend
...being tested and held are a great sign that price has found support and is respecting it.
To further my analysis of the stock for a long term hold I graduated up to the Weekly Timeframe.
The same two confluences of 50% Retracement and Volume Profile POC have come together and prior to today's Earnings they held as Support in late December 2024.
Finally, we can move up to the Monthly and see the Ichimoku Cloud holding as a potential Ichimoku Cloud pullback.
Fundamentals
NYSE:NUE is a company that has been around a long time. It is a Materials Company (Steel, mostly) with a long price history to look back on. Doing so I noticed that the company's price trends were highly cyclical covering many years. The current pullback that price is within represents a close to -40% discount from the All Time High. The stock's performance will likely depend on economic demand in the coming years.
Trade Management
For this Entry to be valid it should first hold today's Earning Spike low and continue to rally. In the longer term price should not violate the low set during the month of January 2025. Holding both would be great and be exactly as I plan this trade. Violating either or both means the Support is wrong.
Market Thoughts
As a final thought; a lot of investors ask me questions about whatever is "HOT" and in the news. Clearly, this week (and for many weeks) that has been everything tech. You will not find me very interested in chasing these stocks. Not until they have had huge (-50%, -60%) drawdowns. These plays (like Nucor) are the ones I try to find to start my year and then hold them for long to come.
Trade wisely.
NUE
9/11/22 NUENucor Corporation ( NYSE:NUE )
Sector: Non-Energy Minerals (Steel)
Market Capitalization: 37.582B
Current Price: $143.56
Breakout price: $144.60
Buy Zone (Top/Bottom Range): $142.30-$134.95
Price Target: $152.50-$154.60
Estimated Duration to Target: 18-20d
Contract of Interest: $NUE 10/21/22 145c
Trade price as of publish date: $7.65/contract
NUE - Steel heating up.....againSteel and materials sector heating up again. Pullbacks light on volume and constructive. Cup with no handle breakout?
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
It's a CLEAR BUY, Buyers Coming INThe price already touched the support of the UPTREND, and you should BUY IT NOW! You may earn more than 8% if you go LONG at around $160, and sell when NUE reaches the resistance of the UPTREND, which is about $185. RSI currently at 52. ACT NOW to grab your chance :) Good Luck
Nucor Corp $NUE, tight action might give buy signal soonThis Steel-Producer might be the percfect example of good technicals and good fundamentals.
After a good bull run from March to August is been forming a base that has been tightening from left to right, with low volume on down days and high volume on up days. That is the kind of action I like to see before a buy signal.
According to @TradeStation, for the nine months ended 02 October 2021, NucorCorporation revenues increased 76% to $26.12B. Its quarterly results reflect a good Code 33, that's three quarters of accelerating earnings, sales and margins.
My firts buy would be just above $117.86 with 1/2 of my position sizing. If the price follows through the resistance lines I marked, I'll add up.
Its IBD RS rating is 95 and has a #1 ranking in its industry.
12/19/21 NUENucor Corporation ( NYSE:NUE )
Sector: Non-Energy Minerals (Steel)
Market Capitalization: 33.724B
Current Price: $118.00
Breakout price: $121.20
Buy Zone (Top/Bottom Range): $118.00-$111.50
Price Target: $128.20-$130.00 (1st), $150.80-$153.00 (2nd)
Estimated Duration to Target: 47-53d (1st), 139-150d (2nd)
Contract of Interest: $NUE 2/18/22 130c, $NUE 4/14/22 140c
Trade price as of publish date: $4.10/contract, $4.80/contract
NUE Head and Shoulders back to 80s?head and shoulders looking better on hourly chart (not confirmed yet) if it drops any lower we going back to 80s.
MacD going down already same with RSI i see it bearish short term long term should bounce again and head higher just slight correction :) keep heads up and watch if the head and shoulders will be confirmed.
NYSE:NUE
Great triangle⚖️Did you miss stocks, wolves?🔥
Crypto market is on a rest, that's why let's have some trade on stocks.
There is Symmetrical Triangle on NUE stock.
There was a strong and confident bullish sentiment before.
So it could be a good signal for bulls to trade.
However do not rush the trade and wait for clear signal.
According to Elliott Wave theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout carefully.
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(NUE) UP UP UP I’ve been following Nucor for a few weeks now and have noticed it’s strong uptrend. It just broke it’s all time high and on it’s way up to form a new high.
If I were you I would consider adding this stock to your portfolio before it hits $100 by the end of the year, maybe even sooner!
CLF JOINS S&P SMALLCAP 600 - SHORT SQUEEZE! As we've been posting, Cliffs is a turn-a-round play with a new organic HBI plant coming online within the 1st qtr of 2020.
After the market closed, news hit that the company will be added to the S&P SmallCap 600.
S&P would not list CLF before looking at the company and its financials. CLF is a solid play.
We figure fair market value is between $13 and $15 per share at current earnings, market cap, etc...
With over 100 million shares short, this could be the biggest short squeeze in a long time!
ADDING ANOTHER 2,000,000 SHARES IN THE MORNING BEFORE THE STOCK SPIKES
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CRAMER IS A FRAUD! SHORT SELLERS ARE PAYING HIM OFF! *** BUY ***ON JANUARY 11, 2019...CRAMER SAID THE FOLLOWING ABOUT CLEVELAND-CLIFFS...
Jim Cramer Gives His Opinion On Cleveland-Cliffs, SINA, Take-Two And More
Craig Jones , Benzinga Staff Writer
January 11, 2019 8:23am
On CNBC's "Mad Money Lightning Round", Jim Cramer said Cleveland-Cliffs Inc
CLF 4.52% is the best company in the show...
NOTHING HAS CHANGED SINCE CRAMER TOLD PEOPLE "CLIFFS IS THE BEST COMPANY IN THE SHOW...ACCEPT..CLIFFS PAID OFF SHORT TERM DEBT AND ISSUED AN OVER $100 MILLION SHARE BUYBACK ALONG WITH RECORD EARNINGS.
INSIDERS HAVE ALSO BEEN BUYING UP THE STOCK
FOLKS, READ CLIFFS LAST EARNINGS CALL / TRANSCRIPT..
CLIFFS RECENTLY PAID OFF SHORT TERM DEBT, THE COMPANY HAS NO DEBT COMING DUE FOR A GOOD 5 YEARS
SINCE JANUARY 11, CLEVELAND-CLIFFS HAS BEATEN EARNINGS EVERY QTR WITH NOTHING BUT POSITIVE CONFERENCE CALLS
THERE IS A HUGE SHORT POSITION IN CLIFFS AND IF THE STOCK SPIKES UP, THE SHORTS WILL LOSE HUNDREDS OF MILLIONS OF DOLLARS.
ON OCTOBER 19, 2018, Cleveland Cliffs CEO Lourenco Goncalves berated analysts and short sellers on his company's conference call.
TODAY, IRON ORE WAS UP OVER $3.50 TO $96.01...THERE IS NO SLOW DOWN OR SURPLUS FOR IRON ORE AND IT CONTINUES TO MAKE RECORD HIGHS
CLIFFS HAS ITS PRODUCT TIED INTO LONG TERM CONTRACTS AT VERY HIGH PRICES
WHEN CLIFFS WAS TRADING AROUND $78 YEARS AGO...IRON ORE WAS NO WHERE NEAR WHAT IT'S TRADING AT TODAY! CLIFFS IS MAKING MONEY HAND OVER FIST AT THESE RECORD HIGH PRICES
THE CEO SAID THERE IS NO SURPLUS AND HE SEES THE ROBUST DEMAND FOR HIS PELLETS CONTINUING INTO THE FUTURE WITH NO SLOW DOWN
SO...THE CEO HAS BEEN VERY OUT SPOKEN AGAINST THE DIRTY WALL STREET BROKERS AND SHORT SELLERS...AS USUAL, IT'S OK FOR DIRTY BROKERS, ANALYST AND SHORT SELLERS TO TALK NEGATIVE ABOUT A COMPANY BUT GOD FORBID THE CEO TALKS NEGATIVE ABOUT THEM. SAME OLD DIRTY GAME, ANOTHER CORRUPT WALL STREET DAY.
CRAMER IS A CROOK...HE PUMPS STOCKS TO BENEFIT HIMSELF AND HIS WALL STREET CRONIES.
ON 08/16/2019...JIM CRAMER WAS ALMOST CRYING AND SAID..."VIACOM CLASS A & B ARE BOTH TRADING LOWER AND IT IS DRIVING HIM CRAZY. HIS CHARITABLE TRUST OWNS VIACOM CLASS A."
WELL CRAMER...HOW DOES IT FEEL TO GET SLAMMED!
VIACOM DAILY CHART LOOKS LIKE THE COMPANY IS GOING BANKRUPT AND IT CONTINUES TO SINK!
YOU KNOW WHAT THEY SAY ABOUT PAYBACK RIGHT CRAMER?
CRAMER'S FRAUDULENT REMARKS ON CLEVELAND-CLIFFS TODAY WILL BRING HIM BAD CARMA INTO THE FUTURE AS YOU CAN ALREADY SEE, VIACOM IS GOING BANKRUPT!
DISCLAIMER
This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause.
Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice.
In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
5 MILLION SHARES, BUYOUT / GOING PRIVATE. VALUE PLAY, STRONG BUYWe have been in and out of Cliffs for a while.
Recently, the stock again popped up on our scanner.
Cliffs is the oldest iron ore company founded in 1847
We did hear a rumor of a possible buyout / merger and even the potential for the company to go Private. If either of these rumors pan out, we think the stock is worth at minimum, $20 all day long!
Currently the stock is trading at an extreme discount to the industry. In fact, J.P. Morgan just raised the price target to $17.00 due to the high demand for Cliffs Iron Ore.
The stock should be trading around $15.00 right now and upwards of $18 to $20 after the next earnings report.
At current levels, Cliffs is a GIFT!
We are currently only holding CLIFFS and 4 other positions. Everything else we've posted and sold has produced us great returns.
Our track record within TradingView speaks loud and clear!
Position: 5 Million Shares
Average Cost: $9.75
LONG