Stocks To Buy And Ignore For A Decade: Nucor Corporation (NUE), Palo Alto Networks, Inc. (PANW)

The first technical resistance point for Nucor Corporation (NYSE:NUE) will likely come at $61.2, marking a 1.67% premium to the current level. The second resistance point is at $62.21, about 3.26% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $58.59, the lower end of the range. NUE’s 14-day MACD is -0.38 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 44.99, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 35.09 percent, which is high when compared to that of the 50-day’s 28.41 percent.

Nucor Corporation (NUE) trade volume has decreased by -8.62% as around 2,422,637 shares were sold when compared with its 50-day average volume of traded shares which is 2,651,038. At the moment, NUE is witnessing a downtrend, as it is trading -0.77% below its 20-day SMA, -2.69% below its 50-day SMA, and -5.44% below its 200-day SMA. The company runs an ROE of roughly 22.3%, with financial analysts predicting that their earnings per share growth will be around 12.18% per annum for the next five year. This will be compared to the 17.6% increase witnessed over the past five years.

The last few days have been rough for Nucor Corporation (NYSE:NUE), as its price has decreased by -4.6% during the week. It has also performed poorly over the past three months, as it lost around -5.66% while it has so far climbed around 8.32% during the course of a year. The price of the stock went down by -$1.96 now trading at $60.18. Their shares witnessed a 10.22% increase from the 52-week low price of $54.6 they recorded on 2017-11-27. Even though it is still -17.12% behind the $70.48 high touched on 2018-01-12. The stock of NUE recorded -5.35% downtrend from the beginning of this year till date. The 12-month potential price target for Nucor Corporation is set at $75.87. This target means that the stock has an upside potential to increase by 26.07% from the current trading price.

When giving their opinion, around 73.33% of Wall Street analysts, which represents 11 out of 15 rated the stock as a Buy. 4 brokerage firms of the remaining 26.67% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate NUE shares held by institutional investors represents 80% of total shares. 86 institutions entered new Nucor Corporation (NYSE:NUE) positions, 399 added to their existing positions in these shares, 328 lowered their positions, and 66 exited their positions entirely.

The shares of Palo Alto Networks, Inc. (NYSE:PANW) has increased by 1.41%, and now trading at $165.75 on the Wall Street in the intra-day deal, with their shares traded now around 2,208,942. This is a rise of 861,670 shares over the average 1,347,272 shares that were traded daily over the last three months. The stock that is trading at $165.75 went higher by 18.29% from its 52-week low of $140.12 that it attained back on 2017-12-06. The stock recorded a 52-week high of $239.5 nearly 69 days ago on 2018-09-13.

PANW stock hasn’t performed well over the past 30 days, as it lost -14.73% while its price climbed by 14.36% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -6.25% over the last week. The stock’s 12-month potential target price is now at $250.6. This means that the stock price might likely increase by 51.19% from its current trading price.30 out of 39 Wall Street analysts which represents 76.92% rated the stock as a buy while the remaining 20.51 rated it as a hold, with 2.56 of analysts rating it as a sell.

Palo Alto Networks, Inc. (NYSE:PANW) has been utilizing an ROE that is roughly -19.8%, with stock analysts predicting that the company’s EPS for the next five years will go up by 30.63% per year, following the -30.5% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -8.81% below its 20-day SMA, -18.95% below its 50-day SMA, and -17.15% below its 200-day SMA. In percentage terms, the aggregate Palo Alto Networks, Inc. shares held by institutional investors is 84.5%. 99 institutions jumped in to acquire Palo Alto Networks, Inc. (PANW) fresh stake, 362 added to their current holdings in these shares, 298 lowered their positions, and 45 left no stake in the company.

The stock’s 9-day MACD is -8.58 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 26.28, which shows that its stock has been oversold. The 20-day historical volatility for the shares stand at 32.98 percent, which is more when compared to that of the 50-day’s 32.26 percent. On the daily chart, we see that the stock could reach the first level of resistance at $170.24, sporting a 2.64% premium to the current level. The next resistance point is at $174.74, representing nearly 5.14% premium to the current market price of Palo Alto Networks, Inc. (PANW). On the other hand, failure to breach the immediate hurdles can drag it down to $155.59, the lower end of the range.