5 Stocks Pushing The Basic Materials Sector Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelTwo out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.The Basic Materials sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Turquoise Hill Resources (TRQ), up 10.3%, Transocean (RIG), up 4.6%, Agnico-Eagle Mines (AEM), up 1.5%, Continental Resources (CLR), up 1.2% and Gerdau (GGB), up 1.6%. On the negative front, top decliners within the sector include Chesapeake Energy (CHK), down 2.1%, Total (TOT), down 1.4%, Suncor Energy (SU), down 1.3%, BP (BP), down 0.9% and Occidental Petroleum Corporation (OXY), down 0.5%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:5. Cameron International Corporation (CAM) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Cameron International Corporation is up $2.03 (4.1%) to $51.74 on light volume Thus far, 1.8 million shares of Cameron International Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $49.69-$51.77 after having opened the day at $49.73 as compared to the previous trading day's close of $49.71. Cameron International Corporation provides flow equipment products, systems, and services worldwide. Cameron International Corporation has a market cap of $12.5 billion and is part of the energy industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Friday. Currently there are 18 analysts that rate Cameron International Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.TheStreet Ratings rates Cameron International Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cameron International Corporation Ratings Report now.
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