Metals & Mining Stocks On The Rise With Help From 3 Stocks
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 282 points (1.6%) at 17,995 as of Monday, March 30, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,172 issues advancing vs. 821 declining with 145 unchanged.
The Metals & Mining industry currently sits down 0.7% versus the S&P 500, which is up 1.1%. Top gainers within the industry include
(
), up 4.4%,
(
), up 2.8% and
(
), up 1.3%. On the negative front, top decliners within the industry include
(
), down 3.9%,
(
), down 3.8%,
(
), down 3.6%,
(
), down 3.5% and
(
), down 1.8%.
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, Nucor is up $0.43 (0.9%) to $46.93 on light volume. Thus far, 666,975 shares of Nucor exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $46.76-$47.37 after having opened the day at $46.90 as compared to the previous trading day's close of $46.50.
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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 $15.0 billion and is part of the basic materials sector. Shares are down 5.2% year-to-date as of the close of trading on Friday. 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 revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is up $0.64 (2.6%) to $25.42 on light volume. Thus far, 3.5 million shares of United States Steel exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $24.74-$25.47 after having opened the day at $24.96 as compared to the previous trading day's close of $24.78.
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.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). United States Steel has a market cap of $3.6 billion and is part of the basic materials sector. Shares are down 7.3% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate United States Steel a buy, 3 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
United States Steel
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full
United States Steel Ratings Report
now.
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1. As of noon trading,
(
) is up $0.12 (0.9%) to $12.82 on light volume. Thus far, 7.5 million shares of Alcoa exchanged hands as compared to its average daily volume of 23.2 million shares. The stock has ranged in price between $12.78-$12.94 after having opened the day at $12.85 as compared to the previous trading day's close of $12.70.
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.
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 $15.7 billion and is part of the basic materials sector. Shares are down 19.6% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Alcoa a buy, 1 analyst rates it a sell, and 6 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. 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
(
).
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