Nucor Corp. (NUE): Today's Featured Metals & Mining Laggard

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.

Nucor ( NUE) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Nucor fell $0.50 (-1.1%) to $46.69 on light volume. Throughout the day, 1,173,242 shares of Nucor exchanged hands as compared to its average daily volume of 1,850,100 shares. The stock ranged in price between $46.61-$47.15 after having opened the day at $47.15 as compared to the previous trading day's close of $47.19. Other companies within the Metals & Mining industry that declined today were: Sibanye Gold Ltd ADR ( SBGL), down 44.6%, Dominion Diamond ( DDC), down 18.5%, Ossen Innovation ( OSN), down 16.6% and Atlatsa Resources ( ATL), down 12.3%.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America 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 up 9.2% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Avalon Rare Metals ( AVL), up 13.3%, Cardero Resources Corporation ( CDY), up 9.4%, USEC ( USU), up 5.2% and Northern Dynasty Minerals ( NAK), up 5.1% , were all gainers within the metals & mining industry with Walter Energy ( WLT) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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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