Wall Street is Loving These Basic Materials Stocks

Despite a horrendous new home sales report, sellers have been unable to keep the market down as Basic Materials (NYSE:XLB) have been catching a nice bid. Freeport-McMoRan (NYSE:FCX) CEO Richard Adkerson said the company is in a position to make acquisitions. The news clearly has a lot of investors making bets on which companies will get in the deal game.

Here are some stocks you may want to add to your investing or trading watch list:

Silver Wheaton Corp. (NYSE:SLW): The stock has traded 10.65 million shares, and up 4.8%. Silver Wheaton Corporation purchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece and the United States.

United States Steel Corporation (NYSE:X): The stock has traded 6.3 million shares, and is up 1.7%. United States Steel Corporation is an integrated steel producer with production operations in North America and Europe. The Company’s operations include coke production in both North America and Europe and iron ore pellets in North America, transportation services (railroad and barge operations), real estate operations, and engineering and consulting services in North America.

BHP Billiton Limited (NYSE:BHP): The stock has traded 3 million shares, and is up 1.4%. BHP Billiton Limited is an international resources company. The Company’s principal business lines are mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel and copper concentrate, as well as petroleum exploration, production, and refining.

Vale (NYSE:VALE): The stock has traded 13 million shares, and is up 1.8%. Vale SA produces and sells iron ore, pellets, manganese, alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. The Company is based in Brazil, where it owns and operates railroads and maritime terminals.

Rio Tinto (NYSE:RIO): The stock has traded 2.35 million shares, and is up 2.39%. Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, talc and zircon. Rio Tinto’s various mining operations are located in Australia, New Zealand, South Africa, the United States, South America, Europe, and Indonesia.

ArcelorMittal (NYSE:MT): The stock has traded 2.25 million shares, and is up 1%. ArcelorMittal produces steel. The Company manufactures cold rolled, electrogalvanized and coated steels, slabs, special quality bars, and wire rods. Arcelor Mittal has steel making operations in Europe, the Americas, Asia, and Africa.

Barrick Gold Corporation (NYSE:ABX): The stock has traded 6.4 million shares, and is up 3%. Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.

Newmont Mining Corporation (NYSE:NEM): The stock has traded 7.15 million shares, and is up 1.4%. Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.

Cliffs Natural Resources Inc (NYSE:CLF): The stock has traded 2.5 million shares, and is up 3%. Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.

Goldcorp Inc. (NYSE:GG): The stock has traded 4.45 million shares, and is up 3%. Goldcorp, Inc. is a North American gold producer. The Company has gold mining operations in the United States, Canada, Mexico, Brazil, Argentina, and Australia. Goldcorp owns the Red Lake mine in Ontario.

AngloGold Ashanti Limited (NYSE:AU): The stock has traded 1 million shares, and is up 2.8%. AngloGold Ashanti Limited is a holding company for a group of companies which explore for and mine gold internationally. The Group has operations in the Vaal River and West Witwatersrand areas of South Africa as well as Namibia, Mali, Brazil, Argentina, Australia, Tanzania and the United States.

U.S. Gold Corporation (NYSE:UXG): The stock has traded 2.8 million shares, and is up 9.5%. US Gold Corporation explores for, develops, produces, and sells gold. The Company operates primarily in Nevada.

Southern Copper Corporation (NYSE:SCCO): The stock has traded 2.7 million shares, and is up 2.7%. Southern Copper Corporation conducts mining operations in Peru and Mexico. The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.

China Shen Zhou Mining & Resources Inc. (AMEX:SHZ): The stock has traded 7.5 million shares, and is up 12%. China Shen Zhou Mining & Resources Inc. acquires, explores, extracts, and develops mining properties in the inner Mongolia region of the People’s Republic of China. The Company mines for minerals that include fluorite, copper, zinc, and lead.

Potash Corp./Saskatchewan (NYSE:POT): The stock has traded 4.2 million shares, and is up 1.6%. Potash Corporation of Saskatchewan Inc. produces potash, phosphate, and nitrogen to the agricultural and industrial industries worldwide. The Company conducts operations in Canada, Chile, the United States, Brazil, and Trinidad.

The Mosaic Company (NYSE:MOS): The stock has traded 2.1 million shares, and is up 1.7%. The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company’s principal products include concentrated phosphates, and potash.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): The stock has traded 19.6 million shares, and is up 5.1%. Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.

Northern Dynasty Minerals Ltd. (AMEX:NAK): The stock has traded 1 million shares, and is up 3%. Northern Dynasty Minerals Ltd. explores for gold, copper, and molybdenum in Alaska.

Silvercorp Metals Inc. (NYSE:SVM): The stock has traded 2.45 million shares, and is up 5.8%. Silvercorp Metals Inc. acquires, explores, and develops mineral properties in China. The Company is developing its Ying Silver project located in the People’s Republic of China.

NovaGold Resources Inc. (AMEX:NG): The stock has traded 2.35 million shares, and is up 3.5%. NovaGold Resources Inc. is a mineral exploration company. The Company, through its subsidiaries, explores and develops mineral properties in North America. NovaGold primarily focuses on gold properties, which may include copper, silver and zinc resources.

If you’re looking for a low risk way to invest in or trade the related Industrial and Capital Goods sector, take a look at Wall St. Cheat Sheet’s feature “Industrial and Capital Goods ETF: The Top Exchange Traded Fund for Your Investing Watchlist“.