NEW YORK ( TheStreet) -- In dissecting the basic industries sector you find divergences among the different industries. Below, I profile two stocks in the nonferrous mining industry, two in diversified chemical, and one stock each for agriculture products, fertilizers, gold mining, steel producers and building materials.All nine stocks are components of the Materials Select Sector SPDR Fund (XLB), which ended September with a positive but overbought weekly chart profile while. XLB closed Wednesday above last week's low at $36.31, but a close this week below $36.58 shifts the weekly chart profile to negative.
The Basic Industries Sector Has Not Maintained QE Hype
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.