Steelmakers Expect Record Earnings: How Investors Can Profit

The direction of cyclical stocks can be hard to predict, even when one knows the status of the underlying business. Whether investors are seeking an entry point for a long-term holding, or a trading position within a portfolio, now is a good time to look at how upcoming earnings from domestic producers Nucor (NYSE: NUE), Steel Dynamics (NASDAQ: STLD), Cleveland-Cliffs (NYSE: CLF), and U.S. Steel (NYSE: X) may affect stock prices. An early clue for what to expect came in early February, when leading steelmaker Nucor issued a special news release well ahead of when it normally issues any quantified earnings guidance.