3 Stocks Pushing The Basic Materials 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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 123 points (-0.7%) at 17,854 as of Tuesday, March 17, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,105 issues advancing vs. 1,894 declining with 134 unchanged.
The Basic Materials sector currently sits down 0.6% versus the S&P 500, which is down 0.4%. Top gainers within the sector include
Petroleo Brasileiro SA Petrobras
(
), up 1.7%,
(
), up 1.3%,
(
), up 1.3%,
(
), up 1.1% and
(
), up 1.1%. On the negative front, top decliners within the sector include
E I du Pont de Nemours & Company
(
), down 3.3%,
(
), down 2.3%,
(
), down 1.9%,
(
), down 1.7% and
(
), down 1.8%.
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, PetroChina is up $1.08 (1.0%) to $104.82 on light volume. Thus far, 49,996 shares of PetroChina exchanged hands as compared to its average daily volume of 157,100 shares. The stock has ranged in price between $104.10-$104.90 after having opened the day at $104.11 as compared to the previous trading day's close of $103.74.
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PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $193.2 billion and is part of the energy industry. Shares are down 6.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate PetroChina a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
PetroChina
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
now.
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2. As of noon trading,
(
) is up $0.16 (2.6%) to $6.02 on average volume. Thus far, 12.0 million shares of Vale exchanged hands as compared to its average daily volume of 29.5 million shares. The stock has ranged in price between $5.82-$6.04 after having opened the day at $5.84 as compared to the previous trading day's close of $5.87.
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Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Vale has a market cap of $30.0 billion and is part of the metals & mining industry. Shares are down 28.2% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Vale a buy, 4 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Vale
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
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1. As of noon trading,
Petroleo Brasileiro SA Petrobras
(
) is up $0.09 (1.8%) to $5.18 on average volume. Thus far, 17.0 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 43.8 million shares. The stock has ranged in price between $5.00-$5.20 after having opened the day at $5.00 as compared to the previous trading day's close of $5.09.
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.
Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $32.7 billion and is part of the energy industry. Shares are down 30.3% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Petroleo Brasileiro SA Petrobras
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full
Petroleo Brasileiro SA Petrobras 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
(
).
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