Today’s Research Reports on Trending Tickers: Alcoa and Nucor

NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close at 23,957.89, while the S&P 500 Index fell 2.52 percent to close at 2,643.69. The Nasdaq Composite Index declined 2.43 percent to close at 7,166.68. On Thursday, the Trump administration unveiled tariffs totaling up to $60 billion on Chinese products.

“Trump’s protectionism is making investors nervous,” Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday, according to CNBC. “Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today’s complex global supply chains.”

RDI Initiates Coverage on:

Alcoa Corporation
https://rdinvesting.com/news/?ticker=AA

Nucor Corporation
https://rdinvesting.com/news/?ticker=NUE

Alcoa’s stock moved 6.32% lower Thursday, to close the day at $44.92. The stock recorded a trading volume of 4,369,976 shares, which was above its three months average volume of 4,105,225 shares. In the last year, Alcoa’s shares have traded in a range of 29.55 – 57.50. The share price has gained 52.01% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $47.47 is greater than its 200-day moving average of $47.37. Shares of the company are trading at a Price to Earnings ratio of 38.72. Shares of Alcoa have fallen roughly 6.44 percent in the past month and are down 16.61 percent year-to-date.

Access RDI’s Alcoa Corporation Research Report at:
https://rdinvesting.com/news/?ticker=AA

On Thursday, shares of Nucor recorded a trading volume of 3,619,425 shares, which was above the three months average volume of 2,936,043 shares. The stock ended the day 6.52% lower at 61.09. The share price has gained 18.23% from its 52-week low with a 52-week trading range of 51.67 – 70.48. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $65.96 is greater than its 200-day moving average of $61.32. Shares of the company are trading at a Price to Earnings ratio of 14.91. Shares of Nucor have fallen roughly 8.75 percent in the past month and are down 3.92 percent year-to-date.

Access RDI’s Nucor Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NUE

Our Actionable Research on Alcoa Corporation (NYSE:AA) and Nucor Corporation (NYSE:NUE) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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