Next Week's Market Crucial: Earnings from Apple, Microsoft, and Fed Meeting
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Earnings Heavy Week: Next week will see earnings reports from tech giants like Apple, Microsoft, and Meta, drawing significant market attention, especially ahead of the Federal Reserve meeting.
- Nucor's Performance Anticipated: Despite a lackluster mid-quarter update in December, Nucor's stock has rallied, with investors hoping for rate cuts to spur economic growth; Cramer suggests buying on weakness post-earnings.
- Boeing and GM Insights: Cramer notes Boeing's stock has surged over the past two months, so no major gains are expected post-report, while GM's CEO Barra deserves more credit for her revamp efforts, making a potential earnings dip a buying opportunity.
- Fed Rate Decision: The Federal Reserve will announce its latest interest rate decision on Wednesday, with expectations to keep rates unchanged; Cramer highlights that Trump's potential announcement of a new Fed Chair could impact the market more than the rate news itself.
Analyst Views on NUE
Wall Street analysts forecast NUE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NUE is 179.00 USD with a low forecast of 168.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 180.270
Low
168.00
Averages
179.00
High
200.00
Current: 180.270
Low
168.00
Averages
179.00
High
200.00
About NUE
Nucor Corporation is a manufacturer of steel and steel products, with operating facilities in the United States, Canada and Mexico. The Company also produces and procures ferrous and non-ferrous materials primarily for use in its steel manufacturing business. Its segments include steel mills, steel products and raw materials. Its products include carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. The Company, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
