$STLD

Barclays analysts report ongoing steel supply constraints at the SMU Steel Summit 2026, citing strong demand and pricing resilience. The firm recommends buying Nucor (NUE) and Steel Dynamics (STLD) due to recent price declines. A conference poll indicates 79% of attendees expect lower steel prices in a year, with Barclays forecasting $1,150 per ton. US-Canada trade tensions add uncertainty to the sector.

Analysts upgraded Ford (F) to Buy, Texas Instruments (TXN) to Buy, and Reddit (RDDT) to Overweight, while downgrading Caterpillar (CAT) to Neutral. The Dow rose 1.03%, S&P 500 gained 0.21%, and Nasdaq fell 0.22%. Oil prices dropped, and Bitcoin declined 3%.

Nucor and Steel Dynamics rose 2% after U.S.-Canada trade talks collapsed. Expedia gained 4% on an upgraded price target. Hims & Hers fell 8% due to Visa disputes. Trucking stocks dropped 2-5% on new Canada auto tariffs. Applied Optoelectronics slid 11% after a $600M share sale plan. RUM Group rose 5% on a $13.7B AI chip deal. Nvidia fell 2% ahead of earnings. Chip and memory stocks declined. Bitcoin topped $79,000, boosting crypto-linked stocks.

Steel Dynamics (STLD) stock rose on Monday after President Trump proposed 50% tariffs on Canadian steel. The company's shares are up 30% year-to-date and recently hit a 100-day moving average. Higher tariffs could boost domestic steel prices and margins. STLD reported record steel shipments of 3.7 million tons in Q2 and repurchased $200 million in shares. The stock has a 0.92% dividend yield but trades at a high P/S multiple of 173x. Analysts have a 'Moderate Buy' consensus rating with a mean pr

Alibaba's U.S. shares fell 2% after announcing a $10.2B share issuance for AI projects. Chipmakers like Marvell, AMD, and Intel declined. Memory stocks Sandisk, Western Digital, Seagate, and Micron also dropped. Nucor and Steel Dynamics rose over 3% after U.S.-Canada trade talks collapsed. Robinhood and Coinbase fell 1% and 2% respectively as Bitcoin prices stalled. Jersey Mike's Subs gained 0.5% on buy ratings from analysts.

U.S. steel stocks like Nucor, Steel Dynamics, Cleveland-Cliffs, and Century Aluminum may rise due to collapsed U.S.-Canada trade talks. New 50% tariffs on $20B of Canadian goods took effect, potentially benefiting these companies.

Steel Dynamics (STLD) reported mixed Q2 2026 earnings, with revenue of $6.1B missing estimates but adjusted EPS of $3.69 beating forecasts. Analysts expect 114.8% EPS growth for the year. STLD stock is down 2.1% year-to-date, underperforming the S&P 500 and XLB ETF. Analysts rate it 'Moderate Buy' with a mean price target of $276.85, implying 10.8% upside.

U.S. and Canada are reportedly close to a tariff agreement. Auto tariffs may drop to 15% (or lower based on U.S. content), while steel and aluminum tariffs could fall to 25%. Talks must conclude by Saturday. Nucor, Steel Dynamics, Century Aluminum, and Cleveland-Cliffs stocks fell sharply. Tesla and Ford commented on their U.S. content.

Jefferies reduced its outlook for the US steel sector after reports of a tentative US-Canada trade deal that would cut steel and aluminum tariffs to 25%. US steel imports from Canada dropped 50% under current tariffs. Jefferies analyzed impacts on companies like Algoma, Cleveland-Cliffs, Commercial Metals, Nucor (NUE), and Steel Dynamics, with Nucor seen as most affected but still a top pick due to valuations.

Shares of U.S. steel and aluminum companies Nucor (NUE), Steel Dynamics (STLD), Century Aluminum (CENX), and Cleveland-Cliffs (CLF) fell on Wednesday after reports that the U.S. may halve tariffs on Canadian steel and aluminum imports to 25%. The tentative deal is not finalized and may not apply universally. Talks between the U.S. and Canada continue, with a broader trade agreement deadline on Friday.