The S&P 500 is up 81% over the last five years and is sitting at an all-time high as of this writing. In short, it's hard to find quality growth stocks that aren't hitting new highs along with the market.

Released on Friday, February 7, the January jobs report showed resilience in the labor market with higher-than-expected wage growth.

In the long term, investors probably shouldn't focus too much attention on tariffs and, instead, should focus on the quality of the businesses they buy. Here's why Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) are the smartest steel stocks to buy if you have $2,