This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Underperforming Today In The Basic Materials Sector

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 model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 45 points (-0.3%) at 14,466 as of Thursday, March 21, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,235 issues advancing vs. 1,661 declining with 139 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Companhia Siderurgica Nacional ( SID), down 3.2%, Eastman Chemical Company ( EMN), down 2.7%, Total ( TOT), down 1.4%, Tenaris ( TS), down 1.5% and Canadian Natural Resources ( CNQ), down 1.2%. Top gainers within the sector include Newmont Mining Corporation ( NEM), up 3.2%, Yamana Gold ( AUY), up 2.8%, Barrick Gold Corporation ( ABX), up 3.1%, Goldcorp ( GG), up 2.6% and Ecopetrol S.A ( EC), up 2.5%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Potash Corporation of Saskatchewan ( POT) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Potash Corporation of Saskatchewan is down $0.41 (-1.0%) to $39.78 on light volume Thus far, 1.2 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $39.67-$40.15 after having opened the day at $40.05 as compared to the previous trading day's close of $40.19.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $34.7 billion and is part of the chemicals industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Potash Corporation of Saskatchewan a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Potash Corporation of Saskatchewan Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Submit an article to us!

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs