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10 Best New Stock Ideas by Steven Cohen

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1. Reliance Steel & Aluminum (RS - Get Report)

Company Profile: Reliance Steel provides metals processing services and operates more than 200 metals service centers in the U.S., Canada, China, Mexico and several other countries.

SAC Capital's Investment: Cohen's fund bought 1.2 million shares of Reliance Steel in the fourth quarter, which had a market value of $61.5 million as of Dec. 31.

Share Price Performance: After the stock fell 5% in 2011, Reliance Steel shares have rebounded nearly 10% in 2012.

>>To see these stocks in action, visit the 10 Best New Stock Ideas by Steven Cohen portfolio on Stockpickr.

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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