Metals have powered to the No. 5 position among IBD’s 33 sectors, fueled by a brisk rally among steel makers and metal processing and fabrication firms.
IBD’s 17-stock steel-producers industry group soared 30% beginning with the Nov. 9 postelection rally. That lifted the steel group to a No. 2 ranking in the past week among the 197 industries tracked by IBD, up from No. 135 four weeks ago.
The 31 stocks in the processing and fabrication group rose 20% since Nov. 9, jumping to a No. 9 ranking.