4 Stocks Pushing The Metals & Mining Industry 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Metals & Mining industry currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Tenaris ( TS), down 0.9%, and POSCO ( PKX), down 0.6%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Cameco ( CCJ) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Cameco is up $0.35 (1.7%) to $20.48 on average volume. Thus far, 820,143 shares of Cameco exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $20.10-$20.54 after having opened the day at $20.12 as compared to the previous trading day's close of $20.13.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $7.9 billion and is part of the basic materials sector. The company has a P/E ratio of 26.5, above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Cameco a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. Get the full Cameco Ratings Report now.

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

3. As of noon trading, Companhia Siderurgica Nacional ( SID) is up $0.06 (1.1%) to $6.00 on light volume. Thus far, 1.9 million shares of Companhia Siderurgica Nacional exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $5.92-$6.02 after having opened the day at $5.93 as compared to the previous trading day's close of $5.94.

Companhia Siderurgica Nacional operates as an integrated steel producer primarily in Brazil. The company principally produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries. Companhia Siderurgica Nacional has a market cap of $8.7 billion and is part of the basic materials sector. Shares are down 4.2% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Companhia Siderurgica Nacional a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia Siderurgica Nacional as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full Companhia Siderurgica Nacional Ratings Report now.

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

2. As of noon trading, ArcelorMittal ( MT) is up $0.10 (0.6%) to $17.35 on average volume. Thus far, 2.8 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $17.27-$17.38 after having opened the day at $17.37 as compared to the previous trading day's close of $17.25.

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 $27.0 billion and is part of the basic materials sector. Shares are down 3.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally high debt management risk. Get the full ArcelorMittal Ratings Report now.

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

1. As of noon trading, Alcoa ( AA) is up $0.08 (0.8%) to $10.62 on average volume. Thus far, 9.4 million shares of Alcoa exchanged hands as compared to its average daily volume of 24.1 million shares. The stock has ranged in price between $10.48-$10.69 after having opened the day at $10.50 as compared to the previous trading day's close of $10.54.

Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $11.3 billion and is part of the basic materials sector. The company has a P/E ratio of 37.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Alcoa a buy, 4 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Alcoa as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, impressive record of earnings per share growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and generally higher debt management risk. Get the full Alcoa Ratings Report now.

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

If you are interested in one of these 4 stocks, 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).

null

More from Markets

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens