Nucor Tops JPMorgan's Metals List, Eyes 67% Surge Thanks To Tariffs

Steel stocks are back in the spotlight, and it's not just the furnaces heating up. Since President Donald Trump's late-May announcement of 50% tariffs on imported steel, the sector has re-rated sharply, with JPMorgan highlighting Nucor Corp NUE as the top pick with a potential 67% upside.Analyst Bill Peterson says Nucor is best positioned to ride out the latest tariff wave, thanks to its product diversification and lower exposure to value-add sheet, which has recently underperformed. Plate and rebar prices, ...