Tariff Stocks: 20 Stocks to Benefit From Onshoring Boom

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13. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders: 50

Nucor Corporation (NYSE:NUE) ranks among the stocks to benefit from an onshoring boom. Morgan Stanley analyst Carlos De Alba kept Nucor Corporation (NYSE:NUE) at a Buy rating on June 20 and lowered the price target to $134. According to the analyst, the adjustment was based on Nucor’s optimistic earnings forecast for the second quarter of 2025.

The company’s adjusted earnings per share projections, which range from $2.55 to $2.65, came in significantly greater than the market’s forecasts, surpassing both the consensus estimate and Morgan Stanley’s forecast.

The outlook was further supported by Nucor’s planned earnings growth across its steel mills, steel products, and raw materials segments, as well as its strategic share repurchase program.The company’s performance is also viewed with optimism due to the anticipated rise in average selling prices (ASPs) and volumes, as well as lower expenses.

Nucor Corporation (NYSE:NUE) specializes in the production of steel and related products. It is known as the largest scrap recycler in North America and the largest steel producer in the United States.

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