KGC, TOT And SLW, 3 Basic Materials Stocks Pushing The Sector Lower
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.
The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include
(
), down 3.6%,
(
), down 3.1%,
(
), down 1.8%,
(
), down 1.3% and
(
), down 1.2%. Top gainers within the sector include
(
), up 2.9%,
(
), up 2.6%,
(
), up 1.4%,
(
), up 1.3% and
Petroleo Brasileiro SA Petrobras
(
), up 1.2%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Kinross Gold is down $0.28 (-4.8%) to $5.46 on average volume. Thus far, 8.5 million shares of Kinross Gold exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $5.41-$5.69 after having opened the day at $5.66 as compared to the previous trading day's close of $5.74.
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Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties. Kinross Gold has a market cap of $6.7 billion and is part of the metals & mining industry. Shares are up 215.4% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Kinross Gold a buy, 3 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Kinross Gold
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 solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full
now.
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2. As of noon trading,
(
) is down $0.40 (-0.8%) to $46.51 on average volume. Thus far, 1.0 million shares of Total exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $46.29-$47.20 after having opened the day at $47.01 as compared to the previous trading day's close of $46.91.
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TOTAL S.A. operates as an integrated oil and gas company worldwide. The company operates through three segments: Upstream, Refining & Chemicals, and Marketing & Services. Total has a market cap of $114.1 billion and is part of the energy industry. Shares are up 4.4% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Total a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Total
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $0.73 (-2.9%) to $24.88 on heavy volume. Thus far, 5.9 million shares of Silver Wheaton exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $24.43-$25.28 after having opened the day at $25.21 as compared to the previous trading day's close of $25.61.
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.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. It has 19 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold relating to various 29 mining assets. Silver Wheaton has a market cap of $10.9 billion and is part of the metals & mining industry. Shares are up 106.2% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Silver Wheaton a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Silver Wheaton
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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. 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.
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
(
).