Basic materials stocks for your portfolio: Nucor Corporation (NUE), E. I. du Pont de Nemours and Company (DD)

Basic materials stocks for your portfolio: Nucor Corporation (NUE), E. I. du Pont de Nemours and Company (DD)

Basic materials stocks for your portfolio: Nucor Corporation (NUE), E. I. du Pont de Nemours and Company (DD)

Nucor Corporation (NUE) ended last trading session with a change of 0.15 percent. It trades at an average volume of 3.12M shares versus 1.93M shares recorded at the end of last trading session. The share price of $60.71 is at a distance of 41.28 percent from its 52-week low and down -10.17 percent versus its peak. The company has a market cap of $19.33B and currently has 318.43M shares outstanding. The share price is currently -2.78 percent versus its SMA20, -0.35 percent versus its SMA50, and 12.01 percent versus its SMA200. The stock has a weekly performance of -3.34 percent and is 2 percent year-to-date as of the recent close.

On March 1, 2017 Nucor Corporation (NUE) announced that it has acquired the assets of Omega Joist, a subsidiary of Samuel, Son & Co., Limited. Omega Joist produces open web steel joists at its manufacturing facility located in Nisku, Alberta, and also has sales offices in western British Columbia and southern Alberta.

“We are excited to grow our joist and decking business in Canada with the acquisition of Omega Joist. This acquisition complements the Vulcraft facility we are currently constructing in Ancaster, Ontario,” said Ray Napolitan, Executive Vice President, Fabricated Construction Products. “We are committed to growing our joist and deck business in Canada and this acquisition is another important step in our growth strategy.”

I. du Pont de Nemours and Company (DD) recently recorded 0.46 percent change and currently at $81.23 is 35.03 percent away from its 52-week low and down 0.3 percent versus its peak. It has a past 5-day performance of 1.78 percent and trades at an average volume of 2.66M shares. The stock has a 1-month performance of 6.89 percent and is 11.21 percent year-to-date as of the recent close. There were about 867.42M shares outstanding which made its market cap $70.46B. The share price is currently 2.86 percent versus its SMA20, 6.53 percent versus its SMA50, and 15.73 percent versus its SMA200.

March 1, 2017 — E. I. du Pont de Nemours and Company (DD) Executive Vice President James C. Collins discussed priorities for the company’s agriculture business segment at the Bank of America Merrill Lynch 2017 Global Agriculture and Chemicals Conference, including plans to deliver new genetics, biotech traits and crop protection products.

“As demand for grain and other food products continues to increase, the most urgent challenge for growers is to improve crop productivity on every acre,” Collins said. “As a result of our ongoing strategic investments in agriculture research, DuPont has the tools to help growers produce more crops on each acre, which drives value for our customers and our shareholders.

 

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