Here's Why Steel Dynamics Is a No-Brainer Steel Stock
If you are looking for a U.S. steel stock to add to your portfolio, perhaps to take advantage of the government-funded capital spending boom that appears to be ahead for the country, a good starting point is industry heavyweight (NYSE: NUE). But investors considering Nucor should strongly consider similar but smaller peer Steel Dynamics (NASDAQ: STLD). Here are a few reasons why it could be the no-brainer buy of the two.
Nucor is a very big steel company, with a market cap of roughly $43 billion. By comparison, Steel Dynamics is much smaller, with a market cap a touch under $18 billion. Given those metrics, it shouldn't come as much of a surprise that Nucor's revenues are materially larger than Steel Dynamics', as the chart below highlights.
Source Fool.com
Nucor Corp. Stock
Currently there is a rather positive sentiment for Nucor Corp. with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 190 € shows a positive potential of 31.27% compared to the current price of 144.74 € for Nucor Corp..
