5 Best Nickel Stocks to Buy Now

Page 1 of 5

In this article, we discuss the 5 best nickel stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Nickel Stocks to Buy Now.

5. Allegheny Technologies Incorporated (NYSE: ATI)

Number of Hedge Fund Holders: 20   

Allegheny Technologies Incorporated (NYSE: ATI) is a company that markets specialty metals and related products. The firm makes and sells cobalt and nickel-based alloys, among a host of other materials and components related to metals. The company supplies these products to more than 30 countries around the world. It is ranked fifth on our list of 10 best nickel stocks to buy now. The company’s shares have offered investors returns exceeding 135% over the past twelve months.. 

On April 29, Allegheny Technologies Incorporated (NYSE: ATI) posted earnings results for the first quarter of 2021, reporting a revenue of close to $700 million, down 27% year-on-year but beating market expectations by almost $44 million. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Allegheny Technologies Incorporated (NYSE: ATI) with 3.8 million shares worth more than $80 million. 

Page 1 of 5