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5 Stocks Dragging In The Basic Materials Sector

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 89 points (0.6%) at 15,077 as of Friday, July 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.

The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Anglogold Ashanti ( AU), down 8.9%, Kinross Gold Corporation ( KGC), down 8.3%, Barrick Gold Corporation ( ABX), down 8.0%, Braskem ( BAK), down 8.2% and Goldcorp ( GG), down 5.5%. Top gainers within the sector include Apache Corporation ( APA), up 3.3%, Halliburton Company ( HAL), up 1.8%, LyondellBasell Industries ( LYB), up 1.3%, EOG Resources ( EOG), up 1.0% and Schlumberger ( SLB), up 0.9%.

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

5. Royal Dutch Shell ( RDS.B) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Royal Dutch Shell is down $0.49 (-0.7%) to $65.45 on average volume. Thus far, 545,523 shares of Royal Dutch Shell exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $65.24-$65.80 after having opened the day at $65.75 as compared to the previous trading day's close of $65.94.

Royal Dutch Shell plc operates as an independent oil and gas company worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. Royal Dutch Shell has a market cap of $209.6 billion and is part of the energy industry. Shares are down 7.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Royal Dutch Shell as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Royal Dutch Shell Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

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