Financial News

Nucor (NUE) Fights To Stay In Trading Channel

Last week’s disappointing employment report put a dent in the bulls’ confidence; however, the parade has resumed with full force this week thanks to a solid start to earnings season with better-than-expected results from Alcoa. While major equity indexes have resumed their ascent to record highs, the skeptics continue to call for a market top in the face of rising prices. With no major fundamental changes taking place over the last few weeks, it’s difficult to gauge when the long-overdue correction will actually strike, as traders and investors alike have more reasons to buy on the dips rather than take profits [for more market news and analysis subscribe to our free newsletter ]. Steel manufacturer Nucor Corporation ( NUE ) presents an intriguing opportunity at the moment that warrants a closer look from swing traders looking to get a piece of the action on Wall Street. See the full story here → Related Posts: Steel Prices Heat Up 13 High-Yielding Commodities For 2013 Commodity Stock Plays in the 2012 Dogs of the S&P Commodity Plays in the 2012 Dividend Aristocrats
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