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3 Basic Materials Stocks Nudging 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.2%) at 17,072 as of Wednesday, July 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,641 issues advancing vs. 1,297 declining with 186 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include Talisman Energy ( TLM), up 11.3%, FMC Technologies ( FTI), up 3.2%, PetroChina ( PTR), up 2.5%, POSCO ( PKX), up 2.2% and China Petroleum & Chemical ( SNP), up 1.9%. On the negative front, top decliners within the sector include YPF Sociedad Anonima ( YPF), down 3.7%, and Petroleo Brasileiro SA Petrobras ( PBR), down 2.9%.

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

3. Anadarko Petroleum ( APC) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Anadarko Petroleum is up $1.66 (1.5%) to $109.98 on average volume. Thus far, 2.2 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $108.18-$110.24 after having opened the day at $108.70 as compared to the previous trading day's close of $108.32.

Anadarko Petroleum Corporation is engaged in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. Anadarko Petroleum has a market cap of $56.8 billion and is part of the energy industry. Shares are up 36.6% year-to-date as of the close of trading on Tuesday. Currently there are 19 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Anadarko Petroleum 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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