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Basic Materials Stocks On The Rise With Help From 5 Stocks

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Basic Materials sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Pioneer Natural Resources Company ( PXD), up 2.6%, Range Resources Corporation ( RRC), up 3.2%, Marathon Oil ( MRO), up 2.0%, Cabot Oil & Gas Corporation ( COG), up 1.9% and National Oilwell Varco ( NOV), up 2.2%. On the negative front, top decliners within the sector include Franco-Nevada ( FNV), down 4.23, Newmont Mining Corporation ( NEM), down 3.29, Valhi ( VHI), down 3.02, Eldorado Gold ( EGO), down 3.41 and Barrick Gold Corporation ( ABX), down 2.94.

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

5. Anadarko Petroleum ( APC) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Anadarko Petroleum is up $0.48 (0.55) to $87.53 on light volume Thus far, 776,809 shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $86.66-$87.62 after having opened the day at $87.19 as compared to the previous trading day's close of $87.05.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. Anadarko Petroleum has a market cap of $43.2 billion and is part of the energy industry. The company has a P/E ratio of 62.9, above the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Anadarko Petroleum Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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