3 Metals & Mining Stocks Moving The Industry Upward
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 190 points (1.1%) at 17,825 as of Thursday, March 12, 2015, 1:30 PM ET. The NYSE advances/declines ratio sits at 2,258 issues advancing vs. 752 declining with 137 unchanged.
The Metals & Mining industry currently sits down 0.2% versus the S&P 500, which is up 1.0%. Top gainers within the industry include
Companhia Siderurgica Nacional
(
), up 5.2%,
(
), up 1.6% and
(
), up 0.8%. On the negative front, top decliners within the industry include
(
), down 1.4%,
(
), down 0.4% and
(
), down 1.2%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Teck Resources is up $0.36 (2.6%) to $14.22 on average volume. Thus far, 1.7 million shares of Teck Resources exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $14.08-$14.43 after having opened the day at $14.24 as compared to the previous trading day's close of $13.86.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Teck Resources Limited explores for, develops, and produces natural resources in the Americas, Asia Pacific, Europe, and Africa. Its principal products include copper, including copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates. Teck Resources has a market cap of $7.8 billion and is part of the basic materials sector. Shares are up 1.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Teck Resources a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Teck Resources
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is up $0.60 (3.4%) to $18.21 on average volume. Thus far, 1.8 million shares of Steel Dynamics exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $17.74-$18.21 after having opened the day at $17.87 as compared to the previous trading day's close of $17.61.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Steel Dynamics, Inc., together with its subsidiaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. Steel Dynamics has a market cap of $4.1 billion and is part of the basic materials sector. Shares are down 10.8% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Steel Dynamics a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Steel Dynamics
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and generally higher debt management risk. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.51 (1.1%) to $46.99 on average volume. Thus far, 1.0 million shares of Nucor exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $46.62-$47.16 after having opened the day at $46.90 as compared to the previous trading day's close of $46.48.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $14.7 billion and is part of the basic materials sector. Shares are down 5.2% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Nucor a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Nucor
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
null