Markets were flat yesterday, yet Element Solutions Inc, James Hardie Industries plc, Steel Dynamics, Inc. showed impressive gains and made this list of top gainers.
Markets completed a mixed session yesterday while Nasdaq ended the session at 12,700 after a 1.71% gain. S&P 500 gained 0.88% and closed at 4,151.28.
This limbo state is reflected by published market data as United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.
Despite yesterday's flat session, several basic_materials stocks are managing to post notable gains. Take a look at the market's Top Gainers:
+2.3%: James Hardie Industries posts solid session with 2.3% gain; upside capped at $24.93
The world's largest fibre cement manufacturer rose as high as $24.93 before giving up its gains and dropping back to $24.86 before the close on yesterday. The global building materials company's market cap currently stands at $10.99 billion with an average daily trading volume of 54,587 shares. So far this year, it has been beating the Nasdaq by 22.94%.
+1.59%: Steel Dynamics levels up 1.59% in yesterday's session; traders eye opening bell in 10 hours time
Pronounced bullish sentiment in the market helped America's 3rd largest carbon steel products producer to make a notable 1.59% gain yesterday, rising $1.48 and ultimately closing at $94.73. Steel Dynamics's market cap is currently $16 billion with an average daily volume of 1.51 million shares. So far this year, it has been under-performing the Nasdaq by 17.27%.
Element Solutions | Closed +2.41% at $18.3
The US specialty chemicals producer is now trading 11.14% below its 3-month high of $22.09. The company has a market cap of $4.42 billion with an average daily volume of 1.17 million shares. Element Solutions expected revenue of $614.95 million with an EPS of 28.97 cents.