3 Stocks Pushing The Basic Materials Sector Downward

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

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 27 points (0.2%) at 17,957 as of Friday, July 1, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,079 declining with 105 unchanged.

The Basic Materials sector currently sits up 1.7% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include

Williams Companies

(

WMB

), down 4.5%,

Energy Transfer Equity

(

ETE

), down 3.3%,

Ultrapar Participacoes

(

UGP

), down 2.5%,

Chevron

(

CVX

), down 0.9% and

Kinder Morgan

(

KMI

), down 0.6%. Top gainers within the sector include

Kinross Gold

(

KGC

), up 7.1%,

Anglogold Ashanti

(

AU

), up 4.9%,

Randgold Resources

(

GOLD

), up 3.9%,

ArcelorMittal

(

MT

), up 3.6% and

Marathon Oil

(

MRO

), up 3.1%.

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

3.

Southern Copper

(

SCCO

) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Southern Copper is down $0.76 (-2.8%) to $26.22 on average volume. Thus far, 639,662 shares of Southern Copper exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $26.20-$26.58 after having opened the day at $26.36 as compared to the previous trading day's close of $26.98.

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Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper has a market cap of $20.4 billion and is part of the metals & mining industry. Shares are up 3.3% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates Southern Copper a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Southern Copper

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full

Southern Copper Ratings Report

now.

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2. As of noon trading,

E.I. du Pont de Nemours

(

DD

) is down $0.58 (-0.9%) to $64.22 on light volume. Thus far, 1.0 million shares of E.I. du Pont de Nemours exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $64.19-$64.97 after having opened the day at $64.62 as compared to the previous trading day's close of $64.80.

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E. I. du Pont de Nemours and Company operates as a science and technology based company. E.I. du Pont de Nemours has a market cap of $55.9 billion and is part of the chemicals industry. Shares are down 2.7% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate E.I. du Pont de Nemours a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

E.I. du Pont de Nemours

as a

buy

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

E.I. du Pont de Nemours Ratings Report

now.

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1. As of noon trading,

Monsanto

(

MON

) is down $1.56 (-1.5%) to $101.85 on heavy volume. Thus far, 3.6 million shares of Monsanto exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $101.42-$103.98 after having opened the day at $103.92 as compared to the previous trading day's close of $103.41.

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Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. Monsanto has a market cap of $45.2 billion and is part of the chemicals industry. Shares are up 5.0% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate Monsanto a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Monsanto

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full

Monsanto 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

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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