3 Basic Materials Stocks Nudging The Sector Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 130 points (0.7%) at 18,277 as of Monday, July 11, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,173 issues advancing vs. 757 declining with 136 unchanged.
The Basic Materials sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include
(
), up 3.6%,
Petroleo Brasileiro SA Petrobras
(
), up 3.1%,
(
), up 2.2%,
(
), up 2.1% and
(
), up 1.6%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Kinder Morgan is up $0.75 (4.0%) to $19.29 on average volume. Thus far, 11.2 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 16.0 million shares. The stock has ranged in price between $18.86-$19.35 after having opened the day at $19.00 as compared to the previous trading day's close of $18.54.
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Kinder Morgan, Inc. operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. Kinder Morgan has a market cap of $41.1 billion and is part of the energy industry. Shares are up 24.3% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Kinder Morgan a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Kinder Morgan
as a
. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and disappointing return on equity. Get the full
now.
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2. As of noon trading,
(
) is up $0.22 (0.6%) to $36.14 on light volume. Thus far, 3.3 million shares of BP exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $35.98-$36.20 after having opened the day at $36.06 as compared to the previous trading day's close of $35.92.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. BP has a market cap of $110.0 billion and is part of the energy industry. Shares are up 14.9% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate BP a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
BP
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.65 (5.8%) to $11.85 on average volume. Thus far, 20.9 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 43.6 million shares. The stock has ranged in price between $11.37-$11.89 after having opened the day at $11.40 as compared to the previous trading day's close of $11.20.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $13.4 billion and is part of the metals & mining industry. Shares are up 65.4% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate Freeport-McMoRan a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Freeport-McMoRan
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
Freeport-McMoRan Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).