Why Is Everyone Talking About Nucor Stock?
The U.S. steel industry has risen sharply over the past year, and each of the major mills has experienced big stock gains. Nucor (NYSE: NUE) has been no exception -- indeed, as the largest name in the space, it's often the go-to choice for investors seeking exposure to the sector.
But investors should be careful here. Despite the many excellent reasons to like the stock, there's an important issue that you should understand before you hit the buy button.
A few big-picture issues taking shape right now have put steel and Nucor on the minds of a lot of investors. First, the economy is coming back from the impacts of the coronavirus-led shutdowns. After a quick recession, generous government support of businesses and individuals has resulted in robust spending in some key steel end markets.
Source Fool.com
