3 Stocks Boosting The Basic Materials Sector Higher
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 71 points (0.4%) at 17,316 as of Monday, Nov. 16, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,341 declining with 209 unchanged.
The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include
(
), up 6.0%,
(
), up 5.0%,
(
), up 4.6%,
Petroleo Brasileiro SA Petrobras
(
), up 4.3% and
(
), up 4.1%. On the negative front, top decliners within the sector include
(
), down 1.3%, and
(
), down 1.1%.
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, Schlumberger is up $0.38 (0.5%) to $76.52 on light volume. Thus far, 2.3 million shares of Schlumberger exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $75.77-$77.70 after having opened the day at $76.27 as compared to the previous trading day's close of $76.14.
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Schlumberger Limited supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments. Schlumberger has a market cap of $96.6 billion and is part of the energy industry. Shares are down 10.8% year-to-date as of the close of trading on Friday. Currently there are 18 analysts who rate Schlumberger a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Schlumberger
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full
now.
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2. As of noon trading,
(
) is up $1.09 (1.2%) to $88.70 on light volume. Thus far, 2.9 million shares of Chevron exchanged hands as compared to its average daily volume of 12.0 million shares. The stock has ranged in price between $87.79-$89.74 after having opened the day at $88.18 as compared to the previous trading day's close of $87.61.
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Chevron Corporation, through its subsidiaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $169.1 billion and is part of the energy industry. Shares are down 20.9% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Chevron a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Chevron
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. 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 $0.82 (1.1%) to $78.92 on light volume. Thus far, 3.8 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 15.8 million shares. The stock has ranged in price between $77.91-$79.39 after having opened the day at $77.94 as compared to the previous trading day's close of $78.10.
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.
Exxon Mobil Corporation engages in refining and marketing crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. Exxon Mobil Corporation has a market cap of $330.6 billion and is part of the energy industry. Shares are down 15.5% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Exxon Mobil Corporation
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full
Exxon Mobil Corporation 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
(
).