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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 174 points (1.0%) at 17,923 as of Monday, March 16, 2015, 1:15 PM ET. The NYSE advances/declines ratio sits at 1,833 issues advancing vs. 1,164 declining with 150 unchanged.
The Basic Materials sector currently sits down 1.5% versus the S&P 500, which is up 1.0%. Top gainers within the sector include
(
), up 2.4%,
(
), up 2.1%,
(
), up 2.0%,
(
), up 1.3% and
(
), up 1.3%. On the negative front, top decliners within the sector include
(
), down 4.2%,
(
), down 3.1%,
(
), down 2.2%,
(
), down 1.7% and
(
), down 1.6%.
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, Canadian Natural Resources is up $0.28 (1.0%) to $28.81 on light volume. Thus far, 1.4 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $27.94-$28.85 after having opened the day at $28.12 as compared to the previous trading day's close of $28.53.
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Canadian Natural Resources Limited explores for, develops, produces, markets, and sells crude oil, natural gas liquids (NGLs), and natural gas in North America. Canadian Natural Resources has a market cap of $31.3 billion and is part of the energy industry. Shares are down 7.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Canadian Natural Resources a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Canadian Natural Resources
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
Canadian Natural Resources Ratings Report
now.
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2. As of noon trading,
(
) is up $1.09 (2.5%) to $45.12 on average volume. Thus far, 1.9 million shares of Noble Energy exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $43.62-$45.14 after having opened the day at $43.66 as compared to the previous trading day's close of $44.03.
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.
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Noble Energy has a market cap of $16.0 billion and is part of the energy industry. Shares are down 7.2% year-to-date as of the close of trading on Friday. Currently there are 12 analysts who rate Noble Energy a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Noble Energy
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
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.
1. As of noon trading,
(
) is up $0.92 (1.0%) to $97.12 on light volume. Thus far, 951,436 shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $94.29-$97.27 after having opened the day at $95.65 as compared to the previous trading day's close of $96.20.
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.
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. Marathon Petroleum has a market cap of $26.1 billion and is part of the energy industry. Shares are up 6.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Marathon Petroleum a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Marathon Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, 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 weak operating cash flow. Get the full
Marathon Petroleum 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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