Basic Materials Stocks On The Rise With Help From 3 Stocks
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 89 points (0.6%) at 15,077 as of Friday, July 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.
The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include
(
), up 3.3%,
(
), up 1.8%,
(
), up 1.3%,
(
), up 1.0% and
(
), up 0.9%. On the negative front, top decliners within the sector include
(
), down 8.9%,
(
), down 8.3%,
(
), down 8.0%,
(
), down 8.2% and
(
), down 5.5%.
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, National Oilwell Varco is up $1.50 (2.1%) to $71.81 on average volume. Thus far, 1.7 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $70.87-$71.99 after having opened the day at $71.03 as compared to the previous trading day's close of $70.31.
National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $29.9 billion and is part of the energy industry. Shares are up 2.5% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
National Oilwell Varco
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
National Oilwell Varco Ratings Report
now.
2. As of noon trading,
(
) is up $0.97 (1.1%) to $87.90 on light volume. Thus far, 721,079 shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $87.00-$88.00 after having opened the day at $87.48 as compared to the previous trading day's close of $86.93.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. Anadarko Petroleum has a market cap of $43.5 billion and is part of the energy industry. Shares are up 16.8% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Anadarko Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Anadarko Petroleum Ratings Report
now.
1. As of noon trading,
E.I. du Pont de Nemours & Company
(
) is up $0.43 (0.8%) to $52.83 on light volume. Thus far, 1.4 million shares of E.I. du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $52.46-$52.94 after having opened the day at $52.64 as compared to the previous trading day's close of $52.40.
E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. E.I. du Pont de Nemours & Company has a market cap of $48.4 billion and is part of the chemicals industry. Shares are up 16.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate E.I. du Pont de Nemours & Company a buy, 2 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
E.I. du Pont de Nemours & Company
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
E.I. du Pont de Nemours & Company Ratings Report
now.
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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