Why Shares of Nucor Are Soaring This Week
After inching 2.5% higher last week, shares of Nucor (NYSE: NUE) are downright soaring so far this week. Since the market's close last Friday, Nucor's stock is up 9.7% as of the market close on Thursday.
The primary driver for the stock's climb this week is the company's second-quarter 2021 earnings report, while management's auspicious outlook for the third quarter and the congressional support of the infrastructure bill are also contributing to the stock's rise.
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Source Fool.com