$43.92
-0.55 (-1.24%)
Nucor Corp (NYSE:NUE)
CAPS Rating:
A domestic manufacturer of steel and steel products whose customers are located in the United States of America.
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A domestic manufacturer of steel and steel products whose customers are located in the United States of America.
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I think American companies that rely on commodities will strengthen on the coming inflation. With the U.S. choosing dramatic fiscal policies to fight deflation there is an acknowledgment among many economists that this likely means an inflationary wave down the road. Furthermore, U.S. fiscal policy is likely to turn to printing dollars to pay for our ever expanding debt/government/government programs/bureaucracy for those programs etc. If Nucor can survive/thrive in a market where the market fundamentals of labor and cost of doing business don't favor them, imagine how they can succeed if those fundamentals shift in their favor.
Good point. I don't think it takes an economist to see that a $1.2 trillion budget deficit might devalue the dollar a little bit.
Unfortunate "buy American" proposals in the stimulus will benefit this company.