Most markets are higher this morning as risk-on sentiment dominates: ICL Group Ltd, Alcoa Corporation, Albemarle Corp are showing impressive gains as we move into the afternoon trading session.
The leading indices are showing gains — Nasdaq up to 12,356, gaining 0.58%. S&P 500 up to 4,132.8, gaining 0.21%.
Meanwhile, United States NY Empire State Manufacturing Index (May) came out at -31.8, while a consensus of analysts was expecting -3.7.
Here are the biggest basic_materials stocks gainers so far today.
Albemarle | +4.39% in mid-session
The EV industry enabler reached $208.15, breaking a 3 weeks record. Later, it lost $3.77 and is now trading at $204.38. 12 days ago, the EV industry enabler fell to a low of $172.91 but has since recovered 13.23%. So far this year, it has been under-performing the S&P 500 by 16.29%. Albemarle's market cap is currently $23.98 billion with an average daily volume of 3 million shares. Albemarle last reported revenue of $2.58 billion with an EPS of $10.32.
ICL Group | +4.63% in mid-session
After ending Friday at $6.16, ICL Group is currently trading at $6.45.
Alcoa | +4.56% in mid-session
The world's 8th largest aluminium producer has shed 27.77% over the past three months. The aluminium juggernaut's market cap currently stands at $6.58 billion with an average daily trading volume of 4.35 million shares. Alcoa's last revenue report was $2.67 billion with an EPS of $3.06.