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5 Basic Materials Stocks Pushing 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 48 points (0.3%) at 16,465 as of Friday, Jan. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,451 issues advancing vs. 1,447 declining with 177 unchanged.

The Basic Materials sector currently sits up 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Barrick Gold Corporation (ABX), up 3.5%, Goldcorp (GG), up 3.0%, Schlumberger (SLB), up 1.7%, Valero Energy Corporation (VLO), up 1.6% and China Petroleum & Chemical Corporation (SNP), up 1.6%. On the negative front, top decliners within the sector include Potash Corporation of Saskatchewan (POT), down 1.8%, Apache Corporation (APA), down 1.1%, Anadarko Petroleum (APC), down 0.9% and Royal Dutch Shell PLC ADR Class A (RDS.A), down 0.6%.

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

5. Energy Transfer Equity (ETE) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Energy Transfer Equity is up $1.50 (1.8%) to $86.14 on light volume. Thus far, 280,744 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 876,900 shares. The stock has ranged in price between $84.15-$86.21 after having opened the day at $84.85 as compared to the previous trading day's close of $84.64.

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 $23.6 billion and is part of the energy industry. The company has a P/E ratio of 62.3, above the S&P 500 P/E ratio of 17.7. Shares are up 3.5% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who 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. Get the full Energy Transfer Equity 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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