SOURCE: Rothman Research

Rothman Research

March 05, 2010 09:03 ET

Basic Material Stocks Will Continue Soaring High in 2010

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 5, 2010) -  In 2009, basic materials stocks were among the top performers. analyst Mathew Collier believes that this trend will continue soaring higher this year with promising solid financial results. He views basic materials sector as being sensitive to supply and demand fluctuations because gold or other metal prices for raw materials are largely demand driven. USEC Inc. (NASDAQ: USU) and Teck Resources Limited (NASDAQ: TCK) are 2 of the hottest picks within this sector.

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Mathew Collier, in collaboration with a team of analysts, investigates the basic materials sector to bring you a detailed picture of how USEC Inc. and Teck Resources Limited are evolving amidst a growing interest for commodity stocks.

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USEC Inc. -- a leading supplier of enriched uranium fuel for commercial nuclear power plants. It operates the only uranium enrichment facility in the United States and supplies more than half of the country.

USEC reports $58.5 million net income for 2009. It is one of Monday's hottest stocks gaining 20.64%. 98% of the 414 All-Star members have a bullish opinion of USEC. At the end of the fourth quarter of December 31, 2009, USEC earned $49.5 million or 31 cents per diluted share compared to $25.1 million or 16 cents per diluted share in 2008.

USEC's core business remains profitable and is generating substantial cash flow from operations. Second quarter financial results reflect substantially higher sales volume of seprative work units (SWU) compared to the same quarter in 2008 at higher average prices billed to customers. For more information, visit our web site at

Teck Resources Limited is a company that engages in a range of activities related to mining, including exploration, development, smelting, refining, environmental protection, product stewardship, recycling, and research. Teck Resources produces copper, metallurgical coal, metallurgical zinc, gold, molybdenum, and specialty metals.

On July 30, 2009, Teck Resources announced full production at trail and updates on coal sales. Net earnings rose to $570 million or $1.17 per share in the second quarter compared with $497 million or $1.12 per share in the same period last year. Revenues from operations were $1.7 billion in the second quarter compared with $1.8 billion a year ago.

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