3 Stocks Underperforming Today In The Basic Materials Sector

TheStreet highlights 3 stocks pushing the basic materials sector lower 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%. 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%. 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%.

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

3.

LyondellBasell Industries

(

LYB

) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, LyondellBasell Industries is down $1.51 (-1.6%) to $92.98 on light volume. Thus far, 1.1 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $92.13-$94.72 after having opened the day at $94.33 as compared to the previous trading day's close of $94.49.

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LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers. LyondellBasell Industries has a market cap of $43.2 billion and is part of the chemicals industry. Shares are up 19.0% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

LyondellBasell Industries

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations, 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 shows low profit margins. Get the full

LyondellBasell Industries Ratings Report

now.

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2. As of noon trading,

Freeport-McMoRan

(

FCX

) is down $0.49 (-4.7%) to $10.00 on light volume. Thus far, 11.1 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 41.1 million shares. The stock has ranged in price between $9.92-$10.37 after having opened the day at $10.36 as compared to the previous trading day's close of $10.49.

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Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $11.2 billion and is part of the metals & mining industry. Shares are down 55.1% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Freeport-McMoRan a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Freeport-McMoRan

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

Freeport-McMoRan Ratings Report

now.

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1. As of noon trading,

E I du Pont de Nemours & Company

(

DD

) is down $0.50 (-0.8%) to $65.89 on light volume. Thus far, 1.7 million shares of E I du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $65.51-$66.50 after having opened the day at $66.47 as compared to the previous trading day's close of $66.39.

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E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company's Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides. E I du Pont de Nemours & Company has a market cap of $57.9 billion and is part of the chemicals industry. Shares are down 9.7% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate E I du Pont de Nemours & Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates

E I du Pont de Nemours & Company

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

E I du Pont de Nemours & Company 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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