Citigroup (NYSE:C) analyst Brian Yu revealed his top picks today, the metals stocks leading the way. In the preferred order of his picks were Freeport-McMorRan (NYSE:FCX) Cliff Natural Resources (NYSE:CLF) Nucor (NYSE:NUE) and AK Steel (NYSE:AKS), the latter of which he upgraded to a "Buy."
Yu asserts the 26 percent correction in metal stocks is excessive, as was the correction in AK Steel; the reason he upgraded it today.
If the fears of a double-dip recession becomes a reality, the least exposed companies of those above, in Yu's view, are Freeport-McMorRan and Nucor.
Freeport-McMorRan, Nucor, AK Steel and Cliff Natural Resources all finished the day up.
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