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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Today's Top Performers In Basic Materials

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is down 0.2%. Top gainers within the sector include Teck Resources (TCK), up 1.9%, Williams Partners (WPZ), up 1.9% and Dow Chemical (DOW), up 0.8%. On the negative front, top decliners within the sector include Petroleo Brasileiro SA Petrobras (PBR), down 1.7%, Imperial Oil (IMO), down 1.3%, Phillips 66 (PSX), down 1.3%, Exxon Mobil Corporation (XOM), down 0.9% and Statoil ASA (STO), down 0.8%.

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

5. Potash Corporation of Saskatchewan (POT) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Potash Corporation of Saskatchewan is up $0.64 (2.2%) to $29.55 on heavy volume. Thus far, 8.9 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $28.86-$29.69 after having opened the day at $29.31 as compared to the previous trading day's close of $28.91.

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 $25.6 billion and is part of the chemicals industry. Shares are down 29.0% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Potash Corporation of Saskatchewan a buy, 1 analyst rates it a sell, and 11 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 increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Potash Corporation of Saskatchewan 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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