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Adding Nucor (NUE) & Selling Agriculture Strength

 Apr 16, 2008 09:26 PM UTC
Return Risk
-8.59% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
X n/a
RIO n/a
TNH n/a
TRA n/a
MDR n/a
NUE n/a

Graphic_arrow1 Via Big Ben's Investing Blog:  

I made a few moves today. Towards the close I sold calls against some agricultural positions. Shorter term (next couple of trading sessions) I expect the agricultural stocks to come in a bit. I have been bullish on Mosaic for a 170% gain since October 3rd and have liked Terra (TRA) & Terra Nitrogen LP (TNH) for almost a year.

The infrastructure boom cannot be ignored. I am currently holding McDermott (MDR) and Vale (RIO). Today I added Nucor Steel (NUE) to the portfolio. I also considered US Steel (X), but felt that Nucor is better managed (higher operating margins and return on equity) and is also less expensive based on forward earnings estimates. US Steel is also a bit more volatile with a Beta over 2.50. Nucor reports earnings before the open tomorrow.

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