Metals & Mining Stocks On The Rise With Help From 3 Stocks

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Metals & Mining industry currently sits up 0.2% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the industry include Companhia Siderurgica Nacional ( SID), down 6.2%, and Gerdau ( GGB), down 2.4%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Nucor ( NUE) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Nucor is up $0.69 (1.3%) to $52.26 on light volume. Thus far, 769,385 shares of Nucor exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $51.79-$52.41 after having opened the day at $51.81 as compared to the previous trading day's close of $51.57.

Nucor Corporation, together with its subsidiaries, manufactures and sells 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 $16.2 billion and is part of the basic materials sector. Shares are down 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Nucor a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Nucor 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, Alcoa ( AA) is up $0.44 (3.5%) to $12.97 on heavy volume. Thus far, 31.8 million shares of Alcoa exchanged hands as compared to its average daily volume of 28.2 million shares. The stock has ranged in price between $12.83-$13.16 after having opened the day at $13.08 as compared to the previous trading day's close of $12.53.

Alcoa Inc. produces and manages 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 $13.4 billion and is part of the basic materials sector. Shares are up 17.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Alcoa a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Alcoa as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. 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.

1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is up $0.22 (0.7%) to $33.84 on light volume. Thus far, 4.4 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $33.46-$33.95 after having opened the day at $33.63 as compared to the previous trading day's close of $33.62.

Freeport-McMoRan Copper & Gold Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan Copper & Gold has a market cap of $34.4 billion and is part of the basic materials sector. Shares are down 10.9% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Freeport-McMoRan Copper & Gold 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 3 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

Stocks Extend Gains Amid Progress on U.S.-China Trade

Stocks Extend Gains Amid Progress on U.S.-China Trade

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

J.C. Penney Shares Fall as CEO Marvin Ellison Resigns to Head Lowe's

J.C. Penney Shares Fall as CEO Marvin Ellison Resigns to Head Lowe's

U.S. Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

U.S. Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know