Diamonds and Dogs
Nucor (NUE) flexing its muscle. The steel giant is up 3% after raising their dividend 23% while announcing a new $4 billion share repurchase program. The price of steel has quadrupled over the last year allowing Nucor to generate strong earnings and a record year.
Bad day for DocuSign (DOCU). The e-signature software company stock is down 40% following earnings and lower fourth-quarter guidance. As one analyst put it, DocuSign delivered one of the biggest whiffs in recent memory. Management said after six quarters of accelerated growth, customers return to more normalized buying patterns.
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