Here's Why Nucor Is Still a Buy Near Its Record High
The steelmaker Nucor (NYSE: NUE) just reported a stellar first quarter, and said it expects second-quarter results to be a record. That caused shares to jump to an all-time intraday high of almost $188 per share last week.
Several factors are helping to drive momentum in the company's business leading to the record results. Taking a look at those drivers should help investors feel more confident in buying Nucor shares, even near its record high level.
Image source: Getty Images.
Source Fool.com
