Shares of steel stocks are trading lower after Nucor issued soft Q2 guidance.
Portfolio Pulse from Benzinga Newsdesk
Shares of steel stocks are trading lower after Nucor issued soft Q2 guidance.
June 14, 2024 | 1:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cleveland-Cliffs' stock is trading lower in reaction to Nucor's soft Q2 guidance.
As a peer in the steel industry, Cleveland-Cliffs' stock is affected by Nucor's guidance, reflecting broader industry sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
ArcelorMittal's stock is trading lower due to Nucor's soft Q2 guidance.
ArcelorMittal, being a major player in the steel industry, sees its stock impacted by Nucor's guidance as it signals potential industry-wide challenges.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Nucor's soft Q2 guidance has led to a decline in its stock price.
Nucor's guidance directly affects its stock price as investors adjust their expectations based on the company's forecast.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
U.S. Steel's stock is trading lower following Nucor's soft Q2 guidance.
U.S. Steel's stock is affected by Nucor's guidance as it reflects broader industry trends and investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70