3 Basic Materials Stocks Moving The Sector Upward

TheStreet highlights 3 stocks pushing the basic materials sector higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.

The Basic Materials sector currently sits down 0.9% versus the S&P 500, which is down 0.3%. Top gainers within the sector include

Valero Energy

(

VLO

), up 1.5%,

Enterprise Products Partners

(

EPD

), up 0.6%,

Exxon Mobil Corporation

(

XOM

), up 0.6%,

Phillips 66

(

PSX

), up 0.6% and

EOG Resources

(

EOG

), up 0.5%. On the negative front, top decliners within the sector include

Flotek Industries

(

FTK

), down 32.0%,

EQT Midstream Partners

(

EQM

), down 6.0%,

ArcelorMittal

(

MT

), down 4.1%,

Mosaic

(

MOS

), down 3.1% and

Concho Resources

(

CXO

), down 2.1%.

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

3.

Spectra Energy Partners

(

SEP

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Spectra Energy Partners is up $0.64 (1.4%) to $45.46 on light volume. Thus far, 56,818 shares of Spectra Energy Partners exchanged hands as compared to its average daily volume of 486,500 shares. The stock has ranged in price between $44.69-$45.46 after having opened the day at $44.75 as compared to the previous trading day's close of $44.82.

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Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners has a market cap of $13.5 billion and is part of the energy industry. Shares are down 21.3% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Spectra Energy Partners a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Spectra Energy Partners

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

Spectra Energy Partners Ratings Report

now.

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2. As of noon trading,

Devon Energy

(

DVN

) is up $0.40 (0.8%) to $47.38 on light volume. Thus far, 1.5 million shares of Devon Energy exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $46.62-$47.76 after having opened the day at $46.80 as compared to the previous trading day's close of $46.98.

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Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. Devon Energy has a market cap of $19.3 billion and is part of the energy industry. Shares are down 23.2% year-to-date as of the close of trading on Monday. Currently there are 15 analysts who rate Devon Energy a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Devon Energy

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full

Devon Energy Ratings Report

now.

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1. As of noon trading,

Marathon Petroleum

(

MPC

) is up $0.28 (0.5%) to $54.60 on light volume. Thus far, 1.1 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $53.83-$54.80 after having opened the day at $54.32 as compared to the previous trading day's close of $54.32.

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Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. Marathon Petroleum has a market cap of $29.8 billion and is part of the energy industry. Shares are up 20.4% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Marathon Petroleum a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Marathon Petroleum

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Marathon Petroleum Ratings Report

now.

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If you are interested in one of these 3 stocks, 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

).

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