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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Metals & Mining industry currently sits down 0.4% versus the S&P 500, which is up 0.2%.

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

3. Southern Copper ( SCCO) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Southern Copper is up $0.57 (1.8%) to $32.89 on average volume. Thus far, 633,130 shares of Southern Copper exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $32.36-$32.91 after having opened the day at $32.40 as compared to the previous trading day's close of $32.32.

Southern Copper Corporation is engaged in the mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper has a market cap of $27.4 billion and is part of the basic materials sector. Shares are up 12.6% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Southern Copper a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Southern Copper as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and deteriorating net income. Get the full Southern Copper 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 $0.20 (1.2%) to $16.64 on average volume. Thus far, 8.1 million shares of Alcoa exchanged hands as compared to its average daily volume of 15.7 million shares. The stock has ranged in price between $16.45-$16.72 after having opened the day at $16.56 as compared to the previous trading day's close of $16.44.

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 $19.3 billion and is part of the basic materials sector. Shares are up 54.7% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Alcoa a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Alcoa as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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 ( FCX) is up $0.40 (1.1%) to $37.18 on light volume. Thus far, 2.8 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $36.84-$37.20 after having opened the day at $37.03 as compared to the previous trading day's close of $36.78.

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 $38.7 billion and is part of the basic materials sector. Shares are down 2.5% 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 robust revenue growth, reasonable 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).

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