5 Basic Materials Stocks Pushing Sector Growth
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 up today with the Dow Jones Industrial Average (^DJI) trading up 14 points (0.1%) at 16,024 as of Friday, Nov. 22, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,437 issues advancing vs. 1,443 declining with 136 unchanged.The Basic Materials sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras (PBR), up 1.6%, Energy Transfer Partners L.P (ETP), up 1.6%, Marathon Petroleum (MPC), up 1.4%, Vale (VALE), up 1.3% and Total (TOT), up 1.2%. On the negative front, top decliners within the sector include Nucor (NUE), down 2.4%, China Petroleum & Chemical Corporation (SNP), down 2.3%, Continental Resources (CLR), down 2.1%, Southern Copper Corporation (SCCO), down 1.8% and Canadian Natural Resources (CNQ), down 1.3%.TheStreet would like to highlight 5 stocks pushing the sector higher today:5. Plains All American Pipeline (PAA) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Plains All American Pipeline is up $0.92 (1.8%) to $52.39 on average volume. Thus far, 424,729 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $51.49-$52.40 after having opened the day at $51.73 as compared to the previous trading day's close of $51.47. Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. Plains All American Pipeline has a market cap of $17.5 billion and is part of the energy industry. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 4 rate it a hold.TheStreet Ratings rates Plains All American Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, reasonable valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Plains All American Pipeline 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV