Nucor Corp (NYSE:NUE) is one of the best stocks to buy according to David Greenspan's Slate Path Capital. Slate Path Capital increased its position in Nucor Corp stock by 23% during Q1 2026, and the stock now makes up 5.1% of the portfolio. Some 59 hedge funds have positions in this American steel stock.
On June 17, Nucor Corp (NYSE:NUE) provided an update on its earnings expectations for Q2 2026. The steel producer is expecting to post GAAP EPS in the range of $4.70 to $4.80 and adjusted EPS in the band of $4.50 to $4.60. The company's GAAP EPS was $2.60 in Q2 2025. Nucor expects its Q2 earnings to benefit from strong volumes and prices.
Nucor had a strong start to the year, delivering solid Q1 2026 results. It entered Q2 with a commitment to generate strong returns for shareholders. The company had returned $630 million to shareholders in the form of dividend payments and share repurchases since the year began through June 17.
Nucor Corp (NYSE:NUE) is a leading American producer of steel and steel products. The company operates facilities in the US, Canada, and Mexico, producing steel in the forms of bars, beams, sheets, and plates. It also manufactures fabricated steel products for the construction, energy, and automotive industries.
While we acknowledge the potential of NUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
On June 17, Nucor Corp (NYSE:NUE) provided an update on its earnings expectations for Q2 2026. The steel producer is expecting to post GAAP EPS in the range of $4.70 to $4.80 and adjusted EPS in the band of $4.50 to $4.60. The company's GAAP EPS was $2.60 in Q2 2025. Nucor expects its Q2 earnings to benefit from strong volumes and prices.
Nucor had a strong start to the year, delivering solid Q1 2026 results. It entered Q2 with a commitment to generate strong returns for shareholders. The company had returned $630 million to shareholders in the form of dividend payments and share repurchases since the year began through June 17.
Nucor Corp (NYSE:NUE) is a leading American producer of steel and steel products. The company operates facilities in the US, Canada, and Mexico, producing steel in the forms of bars, beams, sheets, and plates. It also manufactures fabricated steel products for the construction, energy, and automotive industries.
While we acknowledge the potential of NUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
4 months ago
