Steel(IN00269.US)

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Steel
IN00269.US
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Wells Fargo & Company Issues Positive Forecast for Nucor (NYSE:NUE) Stock Price

Wells Fargo & Company has raised its price target for Nucor (NYSE:NUE) from $176.00 to $184.00, maintaining an "overweight" rating. This suggests a potential upside of 7.51% from the previous close. Other analysts have also issued positive ratings, with Goldman Sachs increasing their target to $196.00 and Citigroup to $180.00. Nucor's stock is currently trading at $171.14, with a market cap of $39.17 billion and a P/E ratio of 22.75. The company reported earnings of $1.73 per share, missing estimates, but revenue increased by 8.6% year-over-year.

Market Beat·
US
SLX
-0.49%
US
NUE
-1.39%
Market Beat·
US
SLX
-0.49%
US
NUE
-1.39%

EMERGING MARKETS-LatAm FX mixed, stocks climb ahead of Fed decision

Latin American currencies showed mixed results, with the Brazilian real slightly weaker ahead of central bank meetings. Stocks gained 1.1%, driven by strong corporate earnings, particularly from Vale and Grupo Mexico. The MSCI LatAm index rose 0.4%, marking its eighth session of gains. The market is closely watching the Federal Reserve's interest rate decision, expected to remain unchanged. Commodity price increases have positively impacted resource-heavy stocks in the region, while Fitch downgraded Afreximbank to junk status.

Reuters·
US
GMBXF
+0.61%
US
VALE
+1.09%
US
OTGL
+0.59%
Reuters·
US
GMBXF
+0.61%
US
VALE
+1.09%
US
OTGL
+0.59%

Brazil’s Vale reclaims iron ore lead as production surge bolsters investor confidence

Vale has reclaimed its position as the world's largest iron ore producer, surpassing Rio Tinto with a production of 336.1 million tons in 2025, a 2.6% increase from 2024. The company's recovery follows the 2019 Brumadinho dam disaster, which severely impacted production. Analysts noted strong performance in copper and nickel as well, with Vale's shares rising 17% this year. Despite potential risks of declining iron ore prices, Goldman Sachs and other analysts maintain a positive outlook, recommending buying Vale's ADRs with target prices of $13.80 to $15.

Invezz·
US
BRAZ
+0.84%
US
OTGL
+0.59%
US
ILF
+0.22%
Invezz·
US
BRAZ
+0.84%
US
OTGL
+0.59%
US
ILF
+0.22%

Reliance Global Group prices $2 million public offering of 7,407,408 shares of common stock at $0.27/share with associated warrants.

Reliance Global Group, Inc. has announced a public offering of 7,407,408 shares of common stock priced at $0.27 per share, along with warrants for purchasing up to 14,814,816 additional shares. The offering is expected to close around January 29, 2026, subject to standard closing conditions.

Unusual Whales·
US
RELI
0.00%
US
RS
-0.68%
US
RELIW
0.00%
Unusual Whales·
US
RELI
0.00%
US
RS
-0.68%
US
RELIW
0.00%

Mesabi Trust (NYSE:MSB) Declares Quarterly Dividend of $0.26

Mesabi Trust (NYSE:MSB) has declared a quarterly dividend of $0.26 per share, payable on February 20th to stockholders of record as of January 30th. This represents an annualized yield of 3.0%. The ex-dividend date is also January 30th. The company has raised its dividend by an average of 0.2% per year over the last three years. Mesabi Trust reported a net margin of 82.80% and a return on equity of 79.30%. The stock is currently trading at $34.92, with a market cap of $458.08 million.

Market Beat·
US
MSB
-1.29%
US
XME
-0.73%
US
PICK
+0.10%
Market Beat·
US
MSB
-1.29%
US
XME
-0.73%
US
PICK
+0.10%
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Some names that are up today and have reported earnings already in Jan 2026. $BRC(RILY.US) $Morgan Stanley(MS.US) $Taiwan Semiconductor(TSM.US) $Goldman Sachs(GS.US) $Citigroup(C.US) $Delta Air Lines...............

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