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

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 higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.1%. By the end of trading, Nucor rose $0.79 (1.6%) to $49.09 on heavy volume. Throughout the day, 3,049,827 shares of Nucor exchanged hands as compared to its average daily volume of 1,799,600 shares. The stock ranged in a price between $48.83-$49.17 after having opened the day at $49.01 as compared to the previous trading day's close of $48.30. Other companies within the Metals & Mining industry that increased today were: Rare Element Resources ( REE), up 13.2%, Avalon Rare Metals ( AVL), up 12.3%, McEwen Mining ( MUX), up 11.3% and Tasman Metals ( TAS), up 9.7%.

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 $15.4 billion and is part of the basic materials sector. Shares are up 12.0% 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the negative front, Northern Dynasty Minerals ( NAK), down 32.9%, USEC ( USU), down 10.1%, International Tower Hill Mines ( THM), down 8.2% and Silver Standard Resources ( SSRI), down 6.6% , were all laggards within the metals & mining industry with Silver Wheaton Corporation ( SLW) being today's metals & mining industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

"Strong Case for More Rate Hikes" Says Fed Chair Jerome Powell

"Strong Case for More Rate Hikes" Says Fed Chair Jerome Powell

Disney Tops Comcast Bid With Improved $71.3 Billion Approach for Fox

Disney Tops Comcast Bid With Improved $71.3 Billion Approach for Fox

5 Stocks That Are Screaming Buys Right Now

5 Stocks That Are Screaming Buys Right Now

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens

European Union Says Tariffs on U.S. Imports Will Kick In on June 22

European Union Says Tariffs on U.S. Imports Will Kick In on June 22