Today's Top Performers In Metals & Mining
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 44 points (0.3%) at 17,560 as of Monday, March 28, 2016, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,693 issues advancing vs. 1,250 declining with 166 unchanged.
The Metals & Mining industry currently sits down 0.8% versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 4.1%, and
(
), up 2.0%. On the negative front, top decliners within the industry include
(
TheStreet Recommends
), down 2.1%,
(
), down 2.0% and
(
), down 1.3%.
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, Vale is up $0.11 (2.7%) to $4.15 on average volume. Thus far, 11.9 million shares of Vale exchanged hands as compared to its average daily volume of 30.7 million shares. The stock has ranged in price between $4.02-$4.21 after having opened the day at $4.21 as compared to the previous trading day's close of $4.04.
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Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, gold, silver, and cobalt, as well as raw materials for steelmaking in Brazil and internationally. Vale has a market cap of $20.8 billion and is part of the basic materials sector. Shares are up 22.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Vale a buy, 5 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Vale
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
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2. As of noon trading,
(
) is up $0.62 (1.3%) to $47.10 on average volume. Thus far, 1.3 million shares of Nucor exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $46.21-$47.15 after having opened the day at $46.60 as compared to the previous trading day's close of $46.48.
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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 $14.8 billion and is part of the basic materials sector. Shares are up 15.3% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Nucor a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Nucor
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. 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.
1. As of noon trading,
(
) is up $0.26 (2.6%) to $10.37 on light volume. Thus far, 20.9 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 59.8 million shares. The stock has ranged in price between $9.73-$10.37 after having opened the day at $10.25 as compared to the previous trading day's close of $10.11.
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Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $12.7 billion and is part of the basic materials sector. Shares are up 49.3% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Freeport-McMoRan a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Freeport-McMoRan
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
Freeport-McMoRan Ratings Report
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
(
).
