Nucor Shares Soar 2.62% On Bullish Earnings Outlook

Nucor Corporation (NUE) shares rose to their highest level since March 2025 today, with an intraday gain of 2.62%.

The strategy of buying NUE shares after they reached a recent high and holding for 1 week showed mixed results over the past 5 years. The annualized return was -1.2%, indicating a slight underperformance. This suggests that relying solely on recent highs as a buying trigger can lead to subpar returns, especially in a volatile stock like NUE.

Morgan Stanley analyst Carlos De Alba revised the price target for Nucor Corporation, increasing it from $134.00 to $149.00 and assigning an "overweight" rating. This adjustment reflects a bullish outlook on the company's stock performance.

Nucor anticipates robust second-quarter earnings, primarily driven by gains in its steel mills segment due to stronger pricing. The company has projected adjusted earnings per share (EPS) significantly above market expectations, contributing to a positive market sentiment.

Analyst Carlos De Alba maintained a Buy rating on Nucor, citing strong earnings guidance for the second quarter of 2025 and strategic initiatives such as a share repurchase program. These initiatives are expected to drive earnings growth across Nucor's steel mills, steel products, and raw materials segments.

BMO Capital also maintained a Buy rating on the stock with a $145.00 price target, further indicating a favorable view of Nucor's future performance.