NUE Forecast + Trading Strategies


Bullish Case: Strong historical returns, recent price upticks, and a bullish skew in risk suggest potential upside. Insider ownership alignment indicates confidence.


Bearish Case: Recent insider selling and higher volatility in near-term options indicate potential downside risks and market uncertainty.


Potential Outcomes:

1) Upcoming earnings surpass expectations (35%).

2) Insider selling continues, dampening confidence (25%).

3) Clean energy initiatives spark investor interest (15%).

4) Market volatility causes price swings (25%).


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April 16, 2024


Nucor Forecast

NUE        Nucor
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with NUE



PAVE Forecast + Options Trading Strategies   PAVE  Global X Funds - Global X U.S. Infrastructure Development (0.97)


TREX Forecast + Options Trading Strategies   TREX  TREX Co. (0.96)


PNR Forecast + Options Trading Strategies   PNR  Pentair (0.96)


XLI Forecast + Options Trading Strategies   XLI  Industrial Select Sector SPDR (0.96)


BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (0.95)



Uncorrelated Stock Forecasts

Assets with little price relationship to NUE



ARKG Forecast + Options Trading Strategies   ARKG  ARK Investment Management LLC - ARK Genomic Revolution (0.0)


CTVA Forecast + Options Trading Strategies   CTVA  Corteva (-0.01)


ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (0.01)


MBB Forecast + Options Trading Strategies   MBB  BTC iShares MBS (0.01)


BLV Forecast + Options Trading Strategies   BLV  Vanguard Group, Inc. - Vanguard Long-Term Bond (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NUE



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.92)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.92)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.93)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.93)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.94)





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