$100 Invested In Nucor 10 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past decade, Nucor (NYSE:NUE) has delivered an average annual return of 13.78%, outperforming the market by 3.26% annually. A $100 investment in NUE 10 years ago would now be worth $363.55, showcasing the impact of compounded returns on investment growth. Nucor's current market capitalization stands at $45.25 billion.
February 12, 2024 | 8:30 pm
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Nucor has significantly outperformed the market over the past decade, with a $100 investment growing to $363.55, reflecting a strong compounded annual growth rate.
The article highlights Nucor's exceptional performance over the past 10 years, with an average annual return of 13.78%, outperforming the market. This strong historical performance, coupled with a significant market capitalization, suggests a positive outlook for Nucor's stock in the short term, as investors may be drawn to its proven track record of growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100