3 Basic Materials Stocks On The Rise - TheStreet

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 24 points (-0.1%) at 16,982 as of Wednesday, Oct. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,291 issues advancing vs. 1,724 declining with 155 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the sector include

Newfield Exploration

(

NFX

), up 12.8%,

United States Steel

(

X

), up 7.5%,

Western Gas Equity Partners

(

WGP

), up 4.8%,

Teck Resources

(

TCK

), up 3.6% and

Halliburton

(

HAL

), up 2.8%. On the negative front, top decliners within the sector include

Newmont Mining

(

NEM

), down 2.6%,

Barrick Gold

(

ABX

), down 2.5%,

Marathon Petroleum

(

MPC

), down 1.9%,

Goldcorp

(

GG

), down 1.9% and

PPG Industries

(

PPG

), down 1.7%.

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

3.

LyondellBasell Industries

(

LYB

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, LyondellBasell Industries is up $0.82 (0.9%) to $90.05 on heavy volume. Thus far, 4.1 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $88.41-$90.65 after having opened the day at $90.33 as compared to the previous trading day's close of $89.23.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

LyondellBasell Industries N.V., together with its subsidiaries, manufactures chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for production of polymers. LyondellBasell Industries has a market cap of $43.7 billion and is part of the chemicals industry. Shares are up 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full

LyondellBasell Industries Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading,

Occidental Petroleum

(

OXY

) is up $1.52 (1.7%) to $89.66 on light volume. Thus far, 1.6 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $89.01-$90.00 after having opened the day at $89.12 as compared to the previous trading day's close of $88.14.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum has a market cap of $67.4 billion and is part of the energy industry. Shares are down 7.3% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Occidental Petroleum a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Occidental Petroleum

as a

buy

. Get the full

Occidental Petroleum Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading,

EOG Resources

(

EOG

) is up $1.82 (2.0%) to $93.32 on average volume. Thus far, 2.8 million shares of EOG Resources exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $92.21-$95.32 after having opened the day at $94.06 as compared to the previous trading day's close of $91.50.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $48.4 billion and is part of the energy industry. Shares are up 9.0% year-to-date as of the close of trading on Tuesday. Currently there are 21 analysts who rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

EOG Resources

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

EOG Resources Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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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