3 Stocks Raising The Metals & Mining Industry Higher
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 or Stephanie Link.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 124 points (-0.7%) at 18,164 as of Tuesday, March 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 944 issues advancing vs. 2,000 declining with 194 unchanged.
The Metals & Mining industry currently sits down 0.2% versus the S&P 500, which is down 0.8%. A company within the industry that fell today was
(
), up 0.5%.
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 $0.27 (0.9%) to $28.87 on average volume. Thus far, 873,649 shares of Tenaris exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $28.48-$28.98 after having opened the day at $28.61 as compared to the previous trading day's close of $28.60.
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 5.3% year-to-date as of the close of trading on Monday. 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 $0.20 (1.3%) to $15.15 on average volume. Thus far, 7.2 million shares of Alcoa exchanged hands as compared to its average daily volume of 19.2 million shares. The stock has ranged in price between $14.88-$15.30 after having opened the day at $14.88 as compared to the previous trading day's close of $14.95.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $18.1 billion and is part of the basic materials sector. Shares are down 5.3% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Alcoa a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Alcoa
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
now.
1. As of noon trading,
(
) is up $0.16 (0.8%) to $21.30 on light volume. Thus far, 4.5 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 19.7 million shares. The stock has ranged in price between $20.97-$21.63 after having opened the day at $20.99 as compared to the previous trading day's close of $21.13.
Freeport-McMoRan Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $22.5 billion and is part of the basic materials sector. Shares are down 9.6% year-to-date as of the close of trading on Monday. 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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