- Goldman Sachs strategists led by Ben Snider see S&P 500 earnings per share growth slowing to 11% in 2027 and 2028.
- Nucor and Steel Dynamics issued Q3 guidance below Wall Street expectations even as both said demand and pricing remain largely firm.
- Nucor was the worst-performing stock in the S&P 500 after its guidance, with Q3 earnings expected at $5.55 to $5.65 per share.
Quotes
“A team at the bank, led by Ben Snider, wrote in a recent note that they see S&P 500 earnings per share growth slowing to 11% in 2027 and 2028.”
“Steelmakers Nucor (NUE) and Steel Dynamics (STLD) gave guidance below Wall Street expectations, even though both companies said demand and pricing remain largely firm.”
“Nucor was the worst-performing stock in the S&P 500 this morning.”