Total return: 153%
Fortune 500 rank: 455An explosion in titanium demand nearly doubled prices for the ultra-lightweight metal, and specialty materials producer Allegheny Technologies was a huge beneficiary of the boom.
Citigroup analyst John Hill likes the company's plans to expand capacity and the contracts it inked at the end of 2006 with Boeing and General Electric, writing in a note that "Allegheny serves key markets in aerospace/defense, chemicals, oil and gas and power generation. Far from being cyclically overheated and on the wane, these appear to be just beginning to recover."
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