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5 Stocks Moving The Basic Materials Sector Upward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Linn Energy (LINE), up 4.4%, Continental Resources (CLR), up 2.0%, Marathon Oil (MRO), up 1.4%, Pioneer Natural Resources Company (PXD), up 1.5% and Hess (HES), up 1.4%. On the negative front, top decliners within the sector include El Paso Pipeline Partners (EPB), down 8.9%, Kinder Morgan (KMI), down 5.8%, Access Midstream Partners (ACMP), down 3.3%, Kinder Morgan Energy Partners (KMP), down 2.0% and Marathon Petroleum (MPC), down 1.7%.

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

5. Nucor (NUE) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Nucor is up $1.37 (2.7%) to $51.92 on average volume. Thus far, 814,047 shares of Nucor exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $50.47-$51.99 after having opened the day at $50.57 as compared to the previous trading day's close of $50.55.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $16.1 billion and is part of the metals & mining industry. The company has a P/E ratio of 35.6, above the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Nucor 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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