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3 Basic Materials Stocks On The Rise

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Basic Materials sector currently sits down 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Energen ( EGN), up 7.2%, Marathon Petroleum ( MPC), up 3.2%, Williams Companies ( WMB), up 2.0%, Valero Energy ( VLO), up 1.9% and Phillips 66 ( PSX), up 1.6%. On the negative front, top decliners within the sector include Ecopetrol ( EC), down 3.2%, Continental Resources ( CLR), down 2.5%, Range Resources ( RRC), down 2.3%, Dow Chemical ( DOW), down 1.4% and Vale ( VALE), down 1.0%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Energy Transfer Partners ( ETP) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Energy Transfer Partners is up $0.80 (1.5%) to $55.06 on heavy volume. Thus far, 1.2 million shares of Energy Transfer Partners exchanged hands as compared to its average daily volume of 880,000 shares. The stock has ranged in price between $54.41-$55.35 after having opened the day at $54.43 as compared to the previous trading day's close of $54.26.

Energy Transfer Partners, L.P. is engaged in the natural gas midstream, and intrastate transportation and storage businesses in the United States. Energy Transfer Partners has a market cap of $17.4 billion and is part of the energy industry. Shares are down 4.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Energy Transfer Partners a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Energy Transfer Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Energy Transfer 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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Chart of I:DJI
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