This Just In: Nucor Stock Upgraded

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

It's been nearly a year since President Trump was elected on (among other things) a promise to "Make America Great Again" with a $1 trillion plan to rebuild the nation's infrastructure. But investors have seen little evidence of new infrastructure being built (nor even a single wall) since then.

Worse, even promises to use only U.S.-made steel on existing infrastructure projects appear to be eroding. Worries that the Trump presidency won't be as good news for steel stocks as investors once thought contributed to a series of negative reports on steelmaker Nucor (NYSE: NUE) over the past few weeks, with analysts like KeyBanc and Morgan Stanley lining up to downgrade Nucor stock.

Source: Fool.com