Basic Materials Stocks On The Rise With Help From 3 Stocks
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 or Stephanie Link.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 124 points (-0.7%) at 18,164 as of Tuesday, March 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 944 issues advancing vs. 2,000 declining with 194 unchanged.
The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is down 0.8%. Top gainers within the sector include
(
), up 4.0%,
(
), up 3.0%,
(
), up 2.3%,
(
), up 1.7% and
(
), up 1.6%. On the negative front, top decliners within the sector include
(
), down 5.4%,
(
), down 5.2%,
(
), down 2.4%,
(
), down 2.2% and
(
), down 1.9%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
Petroleo Brasileiro SA Petrobras
(
) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Petroleo Brasileiro SA Petrobras is up $0.10 (1.5%) to $6.46 on light volume. Thus far, 15.5 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 43.4 million shares. The stock has ranged in price between $6.42-$6.60 after having opened the day at $6.57 as compared to the previous trading day's close of $6.37.
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 $43.2 billion and is part of the energy industry. Shares are down 12.7% 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, attractive 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 disappointing return on equity, weak operating cash flow and poor profit margins. Get the full
Petroleo Brasileiro SA Petrobras Ratings Report
now.
2. As of noon trading,
(
) is up $0.76 (1.1%) to $66.55 on light volume. Thus far, 1.0 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $65.89-$66.84 after having opened the day at $66.00 as compared to the previous trading day's close of $65.79.
Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $24.8 billion and is part of the energy industry. Shares are up 5.0% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Apache Corporation a buy, 1 analyst rates it a sell, and 13 rate it a hold.
TheStreet Ratings rates
Apache Corporation
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
Apache Corporation Ratings Report
now.
1. As of noon trading,
(
) is up $0.55 (0.7%) to $77.55 on light volume. Thus far, 933,737 shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $77.51-$78.33 after having opened the day at $77.60 as compared to the previous trading day's close of $77.00.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). Phillips 66 has a market cap of $42.6 billion and is part of the energy industry. Shares are up 7.4% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Phillips 66 a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Phillips 66
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
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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