3 Basic Materials Stocks Pushing The Sector 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 42.32 points (-0.3%) at 16,633 as of Wednesday, May 28, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,597 issues advancing vs. 1,466 declining with 135 unchanged.
The Basic Materials sector as a whole closed the day down 0.1% versus the S&P 500, which was down 0.1%. Top gainers within the Basic Materials sector included
(
), up 5.0%,
(
), up 27.8%,
(
), up 8.0%,
(
), up 1.7% and
(
), up 2.2%.
TheStreet Ratings Group would like to highlight 3 stocks pushing the sector higher today:
(
) is one of the companies that pushed the Basic Materials sector higher today. Mountain Province Diamonds was up $0.08 (1.7%) to $4.69 on average volume. Throughout the day, 11,220 shares of Mountain Province Diamonds exchanged hands as compared to its average daily volume of 11,900 shares. The stock ranged in a price between $4.54-$4.69 after having opened the day at $4.56 as compared to the previous trading day's close of $4.61.
Mountain Province Diamonds has a market cap of $486.7 million and is part of the energy industry. Shares are down 7.5% year-to-date as of the close of trading on Tuesday.
Highlights from TheStreet Ratings analysis on MDM go as follows:
You can view the full analysis from the report here:
Mountain Province Diamonds Ratings Report
At the close,
(
) was up $0.10 (8.0%) to $1.35 on average volume. Throughout the day, 33,270 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 22,400 shares. The stock ranged in a price between $1.31-$1.43 after having opened the day at $1.31 as compared to the previous trading day's close of $1.25.
Alderon Iron Ore has a market cap of $149.7 million and is part of the energy industry. Shares are down 26.7% year-to-date as of the close of trading on Tuesday.
Highlights from TheStreet Ratings analysis on AXX go as follows:
You can view the full analysis from the report here:
Alderon Iron Ore Ratings Report
(
) was another company that pushed the Basic Materials sector higher today. Timberline Resources was up $0.03 (27.8%) to $0.14 on average volume. Throughout the day, 183,580 shares of Timberline Resources exchanged hands as compared to its average daily volume of 220,900 shares. The stock ranged in a price between $0.11-$0.14 after having opened the day at $0.11 as compared to the previous trading day's close of $0.11.
Timberline Resources has a market cap of $7.6 million and is part of the energy industry. Shares are down 41.8% year-to-date as of the close of trading on Tuesday.
Highlights from TheStreet Ratings analysis on TLR go as follows:
You can view the full analysis from the report here:
Timberline Resources Ratings Report
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.
