3 Stocks Improving Performance Of The Metals & Mining Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 74 points (-0.4%) at 17,027 as of Monday, July 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 889 issues advancing vs. 2,085 declining with 146 unchanged.

The Metals & Mining industry currently sits down 0.4% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Cliffs Natural Resources ( CLF), down 5.0%, Gerdau ( GGB), down 1.3% and Tenaris ( TS), down 1.2%.

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

3. Cameco ( CCJ) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Cameco is up $0.58 (2.8%) to $21.00 on heavy volume. Thus far, 3.0 million shares of Cameco exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $20.40-$21.08 after having opened the day at $20.40 as compared to the previous trading day's close of $20.42.

Cameco Corporation produces and sells uranium worldwide. The company operates through four segments: Uranium, Fuel Services, Electricity, and NUKEM. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $8.0 billion and is part of the basic materials sector. Shares are down 2.4% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who 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 compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. 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.

2. As of noon trading, Steel Dynamics ( STLD) is up $1.19 (6.4%) to $19.77 on heavy volume. Thus far, 8.9 million shares of Steel Dynamics exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $19.22-$20.08 after having opened the day at $19.31 as compared to the previous trading day's close of $18.58.

Steel Dynamics, Inc., together with its subsidiaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. Steel Dynamics has a market cap of $4.1 billion and is part of the basic materials sector. Shares are down 4.9% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Steel Dynamics a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Steel Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Steel Dynamics 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 ( FCX) is up $0.24 (0.6%) to $38.59 on average volume. Thus far, 4.4 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $38.27-$38.64 after having opened the day at $38.31 as compared to the previous trading day's close of $38.35.

Freeport-McMoRan 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 has a market cap of $40.3 billion and is part of the basic materials sector. Shares are up 2.0% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Freeport-McMoRan a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full Freeport-McMoRan 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

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs