ArcelorMittal SA (MT): 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.

ArcelorMittal ( MT) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.2%. By the end of trading, ArcelorMittal fell $0.42 (-3.0%) to $13.53 on average volume. Throughout the day, 5,004,810 shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6,039,300 shares. The stock ranged in price between $13.49-$13.66 after having opened the day at $13.64 as compared to the previous trading day's close of $13.95. Other companies within the Metals & Mining industry that declined today were: Walter Energy ( WLT), down 8.7%, Golden Star Resources ( GSS), down 8.6%, L & L Energy ( LLEN), down 8.5% and Lake Shore Gold ( LSG), down 7.8%.

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 $21.7 billion and is part of the basic materials sector. Shares are down 20.1% year to date as of the close of trading on Friday. 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 strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, Ossen Innovation ( OSN), up 42.8%, Crosshair Energy ( CXZ), up 14.3%, China Precision Steel ( CPSL), up 11.2% and Cardero Resources Corporation ( CDY), up 10.4%.

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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