This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Basic Materials Stocks On The Rise With Help From 3 Stocks

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 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Schlumberger ( SLB), up 4.7%, Pioneer Natural Resources ( PXD), up 3.8%, Devon Energy ( DVN), up 2.0%, EOG Resources ( EOG), up 2.0% and Baker Hughes ( BHI), up 1.9%. On the negative front, top decliners within the sector include Valero Energy ( VLO), down 10.3%, Marathon Petroleum ( MPC), down 7.9%, Phillips 66 ( PSX), down 5.1%, Statoil ASA ( STO), down 1.4% and Exxon Mobil Corporation ( XOM), down 1.0%.

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

3. Continental Resources ( CLR) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Continental Resources is up $4.11 (2.7%) to $155.51 on average volume. Thus far, 605,789 shares of Continental Resources exchanged hands as compared to its average daily volume of 972,100 shares. The stock has ranged in price between $151.19-$156.10 after having opened the day at $151.40 as compared to the previous trading day's close of $151.40.

Continental Resources, Inc. is engaged in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $29.1 billion and is part of the energy industry. Shares are up 34.5% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Continental Resources a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. 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 Continental Resources 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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Submit an article to us!
DOW 17,135.82 -36.86 -0.21%
S&P 500 1,991.05 -3.24 -0.16%
NASDAQ 4,522.9140 -4.7750 -0.11%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs