ArcelorMittal SA (MT): Today's Featured Basic Materials Laggard

ArcelorMittal was a leading decliner within the basic materials sector, falling $0.21 (-1.7%) to $12.11 on average volume
By TheStreet Wire ,

ArcelorMittal

(

MT

) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.4%. By the end of trading, ArcelorMittal fell $0.21 (-1.7%) to $12.11 on average volume. Throughout the day, 6,450,139 shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6,577,200 shares. The stock ranged in price between $11.97-$12.24 after having opened the day at $12.23 as compared to the previous trading day's close of $12.32. Other companies within the Basic Materials sector that declined today were:

Sibanye Gold Ltd ADR

(

SBGL

), down 42.9%,

Ceres

(

CERE

), down 28.0%,

Asanko Gold

(

AKG

), down 25.6% and

Gold Resource

(

GORO

), down 15.0%.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $18.2 billion and is part of the metals & mining industry. Shares are down 33.2% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

ArcelorMittal

as a

hold

. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front,

Crosshair Energy

(

CXZ

), up 36.4%,

Cardero Resources Corporation

(

CDY

), up 20.4%,

InterOil Corporation

(

IOC

), up 10.1% and

USEC

(

USU

), up 9.7% , were all gainers within the basic materials sector with

Marathon Petroleum

(

MPC

) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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