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February 22, 2023
Against the current: Markets slid, yet Alcoa Corporation, Freeport-McMoRan Inc, POSCO went up and made this list of yesterday's top basic_materials stocks gainers.
Leading equity indices in the US declined as after dropping 2.06%, Dow Jones closed at 33,130. S&P 500 closed at 3,997.34, a 2% change.
Amid the market gloom, United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million.
Despite markets falling yesterday, some basic_materials stocks managed to post gains. Have a look at these Top Gainers.
+2.2%: yesterday Freeport increased by 2.2%, ended the session at $42.66
The mining company topped out at $43.44 having ended yesterday at $42.66. However, despite early momentum, the stock gave up its gains to now trade at $42.66. The mining company's market cap currently stands at $61 billion with an average daily trading volume of 11.22 million shares. So far this year, it has been outperforming the S&P by 8.56%.
+1.72%: pre-market trading leads POSCO to drop to $64.21 (a 1.43% change) after ending yesterday at $65.14
The steelmaker rose as high as $66.18 before giving up its gains and dropping back to $65.14 before the close on yesterday. POSCO's market cap currently stands at $19.75 billion with an average daily volume of 184,876 shares. The Nasdaq has been doing worse in 2022, it has been passing it by 12.97%.
POSCO trades at $65.14 ahead of quarterly performance report which is scheduled to be released Tuesday.
Alcoa | +2.54% in pre-market trade with a hour until open
The world's 8th largest aluminium producer is now trading 50.67% below the significant high of $95.06 it set around 10 months ago. Alcoa is currently trading with a market cap of $8.51 billion with an average daily volume of 4.64 million shares. Alcoa is forecasted to generate revenues of $2.75 billion and EPS of -85 cents.
