Nucor Corporation’s NUE stock looks promising at the moment. The steel giant is expected to benefit from healthy demand across its key end markets and a recovery in domestic steel prices. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Nucor has a Zacks Rank #1 (Strong Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, combined with a Zacks Rank #1 or 2 (Buy), offer the best investment opportunities for investors.
Let’s take a look into the factors that make Nucor an attractive choice for investors right now.