Article By:
Zacks Investment Research
Saturday, June 18, 2022 7:00 AM EDT
Builders don't seem to be in the mood to take risks. They could also be factoring in much weaker demand over the next couple of years as a result of the rate hikes. Maintaining lower inventories would allow them to collect better prices.
Nucor: A Steel Trade We Like
#Steel has recently been in the headlines due to trade tensions and the U.S tariff on Chinese steel imports. Since then I have been passively monitoring the sector for any potential opportunities. $NUE seems like an interesting one although, I would like to see at least a little progress on infrastructure reform before I dive in.