Is Nucor a good buy?

**Nucor Corporation (NUE) appears to be a good buy**, based on the following analysis:

1. **Strong Financial Performance**: Nucor's net profit margin is 10.31%, which is a healthy figure indicating that the company is generating significant profits relative to its revenue. The company's basic EPS is $2.68, which is a strong indicator of its profitability.

2. **Attractive Valuation Metrics**: Nucor's price to book ratio is 1.66, which is reasonable for a steel and steel products manufacturer. The company's price to sales ratio is 1.06, suggesting that it is trading at a discount to its sales, which could be attractive to value investors.

|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|code|market_code|
|---|---|---|---|---|---|---|---|
|NUE.N|Nucor|20240816|10.087495|1.0629103496226004|1.6632594552249194|NUE|169|

3. **Positive Analyst Ratings and Price Targets**: Nucor has a "Moderate Buy" consensus rating from analysts, with an average price target of $185.57, representing a 27.78% upside from the current price. This suggests that analysts are optimistic about the stock's future performance.
4. **Future Growth Prospects**: Nucor's total revenue year-on-year growth rate is -15.18%, but it is important to note that the company has been operating in a challenging market environment. The company's management has been actively pursuing vertical integration ambitions, which could lead to improved profitability and growth in the long term.
5. **Technical Indicators**: The stock's RSI of 42.98 suggests that it is neither overbought nor oversold, and the MACD of -1.53 indicates a slight bearish trend. However, the KDJ of 44.52 suggests that the stock may be due for a price correction upwards.

|Ticker|Name|Date|RSI|KDJ|MACD|code|market_code|
|---|---|---|---|---|---|---|---|
|NUE.N|Nucor|20240816|42.9792|44.5161|-1.5340|NUE|169|

In conclusion, Nucor is a good buy based on its strong financial performance, attractive valuation metrics, positive analyst ratings, and future growth prospects. However, investors should be aware of the technical indicators suggesting a potential for a price correction.