A study of analyst recommendations at the major brokerages shows that Ternium S A (TX - Get Report) is the #10 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise. From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. According to the ETF Finder at ETF Channel, TX makes up 8.66% of the Steel ETF (SLX) which is trading lower by about 0.6% on the day Tuesday. TX operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Vale SA (VALE) which is up about 0.1% today, and ArcelorMittal SA (MT) trading lower by about 2.2%. Below is a three month price history chart comparing the stock performance of TX, versus VALE and MT. TX is currently trading off about 1.7% midday Tuesday.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Dow Futures Edge Higher As Markets Look to FAANG Earnings to Extend Record Rally
U.S. equity futures edged higher, potentially lifting Wall Street to fresh record peaks again Wednesday, as investors await the first of six major tech sector earnings reports later today that could make-or-break the recent stock market rally.
Replay:Jim Cramer Explains What You Should Watch When Banks Report Earnings
Jim Cramer weighs in on JPMorgan Chase's earnings, the stocks that he's got his eye on and what he's watching closely in the markets.
Google Exec: No Plans to Enter Chinese Search Market
Google confirmed that it ended a project aimed at introducing a censored search engine in China during a day of multiple Congressional hearings focused on the influence of Big Tech.