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Baker Hughes Inc. (BHI): Today's Featured Basic Materials Winner

Baker Hughes (BHI) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.8%. By the end of trading, Baker Hughes rose $0.89 (1.9%) to $47.58 on average volume. Throughout the day, 3,900,655 shares of Baker Hughes exchanged hands as compared to its average daily volume of 3,394,500 shares. The stock ranged in a price between $46.61-$48.01 after having opened the day at $46.63 as compared to the previous trading day's close of $46.69. Other companies within the Basic Materials sector that increased today were: China Natural Resources (CHNR), up 24.5%, PrimeEnergy (PNRG), up 18.1%, Samson Oil & Gas (SSN), up 11.5% and PostRock Energy (PSTR), up 10.3%.

Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $20.4 billion and is part of the energy industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 14.3% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Baker Hughes a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Baker Hughes as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the negative front, Asanko Gold (AKG), down 29.8%, Cardero Resources Corporation (CDY), down 27.5%, China Gengsheng Minerals (CHGS), down 26.7% and Linn Energy (LINE), down 18.7% , were all laggards within the basic materials sector with Air Products & Chemicals (APD) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

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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