Where Will Nucor Corporation Stock Be 1 Year from Now?
My Foolish colleagues have been nearly unanimous in their bullishness on Nucor Corporation (NYSE: NUE) in recent months. There's certainly a lot to like about North America's most diversified steel and steel products company. It just delivered its most profitable first-half since the Great Recession, and seems to perform well in any market. In fact, it often emerges from down cycles stronger than its peers, which has built it a considerable market advantage.
That said, there's one thing on the horizon that could weigh heavily on the stock's performance in the year ahead, something that is completely new territory for investors: trade policy. While the entire American steel industry has lobbied for stronger protections from international (and often state-sponsored) competitors for decades, only now do they have the ear of a protectionist president. That's why trade policy could end up having the most consequential impact on the where Nucor Corporation stock will be one year from now.
Image source: Getty Images.
Source: Fool.com