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.

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