Nucor Corp. NUE

Nucor Corporation has experienced a remarkable turnaround, reporting second-quarter revenues of $11.79 billion for 2022, a 34.2% increase from the previous year. The steel giant has rebounded significantly since June, recovering 80% of its stock value, and forecasts a potential share price of $145. Positioned for a record 2022, the company expects a massive cash flow expansion and sustained strong performance, bolstered by strategic acquisitions. Earlier in the year, Nucor reported record earnings in Q1 amidst fluctuating market conditions resulting from the global pandemic and geopolitical tensions. Despite recent challenges, its strong financial foundation and growth initiatives reflect ongoing investor confidence in its profitability and resilience.