A Shorting Opportunity On Nucor Corporation

I have been looking for a stock to short in the Basic Materials sector for weeks based on my sector analysis that I perform each week and I may have just found one.

SPDR Sector Relative Strength Analysis Report For Week Starting 6/3/19

On May 14, U.S. President Donald Trump credited hit tariffs on imported steel with rebuilding the U.S. steel industry, which he said is now “booming.” However, shares of North Carolina steel producer Nucor Corporation are down 25.9 percent in the past year, and one analyst double downgraded the stock on Friday.Bank of America analyst Timna Tanners downgraded Nucor from

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