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5 Basic Materials Stocks Nudging The Sector Higher

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 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Basic Materials sector currently sits down 0.9% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Plains All American Pipeline ( PAA), up 1.7%, and China Petroleum & Chemical Corporation ( SNP), up 0.7%. On the negative front, top decliners within the sector include Seadrill ( SDRL), down 5.8%, Newmont Mining Corporation ( NEM), down 3.8%, Pioneer Natural Resources Company ( PXD), down 3.7%, Continental Resources ( CLR), down 3.6% and Goldcorp ( GG), down 3.5%.

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

5. Enterprise Products Partners ( EPD) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Enterprise Products Partners is up $0.66 (1.1%) to $63.17 on light volume. Thus far, 398,004 shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $62.41-$63.27 after having opened the day at $62.43 as compared to the previous trading day's close of $62.51.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States and internationally. Enterprise Products Partners has a market cap of $58.1 billion and is part of the energy industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 24.8% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Enterprise Products Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enterprise Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Enterprise Products Partners 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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