3 Stocks Improving Performance Of The Metals & Mining Industry
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 171 points (1.0%) at 18,028 as of Monday, March 9, 2015, 1:50 PM ET. The NYSE advances/declines ratio sits at 1,589 issues advancing vs. 1,440 declining with 142 unchanged.
The Metals & Mining industry currently sits down 1.9% versus the S&P 500, which is up 0.5%. A company within the industry that fell today was
(
), up 3.4%.
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, Tenaris is up $0.66 (2.4%) to $28.95 on average volume. Thus far, 1.3 million shares of Tenaris exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $28.26-$29.08 after having opened the day at $28.57 as compared to the previous trading day's close of $28.29.
Tenaris S.A., through its subsidiaries, manufactures and distributes steel pipes for energy industry and other industrial applications. Tenaris has a market cap of $16.9 billion and is part of the basic materials sector. Shares are down 6.4% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Tenaris a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Tenaris
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full
now.
2. As of noon trading,
(
) is up $0.17 (1.6%) to $10.85 on average volume. Thus far, 2.8 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $10.68-$10.90 after having opened the day at $10.82 as compared to the previous trading day's close of $10.68.
ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining. ArcelorMittal has a market cap of $17.9 billion and is part of the basic materials sector. Shares are down 3.2% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate ArcelorMittal a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
ArcelorMittal
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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full
now.
1. As of noon trading,
(
) is up $0.24 (1.2%) to $19.68 on light volume. Thus far, 5.9 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 19.9 million shares. The stock has ranged in price between $19.32-$19.76 after having opened the day at $19.32 as compared to the previous trading day's close of $19.44.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $21.0 billion and is part of the basic materials sector. Shares are down 16.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Freeport-McMoRan a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Freeport-McMoRan
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full
Freeport-McMoRan Ratings Report
now.
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
(
).
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