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Energy Transfer Equity LP (ETE): Today's Featured Basic Materials Winner

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.

Energy Transfer Equity (ETE) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.4%. By the end of trading, Energy Transfer Equity rose $3.51 (4.5%) to $82.00 on heavy volume. Throughout the day, 1,256,185 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 833,200 shares. The stock ranged in a price between $78.68-$82.24 after having opened the day at $78.90 as compared to the previous trading day's close of $78.49. Other companies within the Basic Materials sector that increased today were: MagneGas Corporation (MNGA), up 49.5%, Prospect Global Resources (PGRX), up 23.8%, Andatee China Marine Fuel Services Corporat (AMCF), up 17.8% and Tonix Pharmaceuticals (TNXP), up 16.1%.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $22.2 billion and is part of the energy industry. The company has a P/E ratio of 58.6, above the S&P 500 P/E ratio of 17.7. Shares are down 4.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, North American Palladium (PAL), down 13.5%, Minco Gold Corporation (MGH), down 12.5%, Ivanhoe Energy (IVAN), down 11.9% and Golden Star Resources (GSS), down 10.2% , were all laggards within the basic materials sector with Cabot Oil & Gas Corporation (COG) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

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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