All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 111 points (0.7%) at 16,099 as of Tuesday, Jan. 19, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,492 declining with 135 unchanged.

The Basic Materials sector currently sits down 2.1% versus the S&P 500, which is up 0.7%. Top gainers within the sector include

ArcelorMittal

(

MT

), up 6.6%,

Israel Chemicals

(

ICL

), up 6.1%,

POSCO

(

PKX

), up 4.2%,

Total

(

TOT

), up 2.0% and

Statoil ASA

(

STO

), up 1.9%. On the negative front, top decliners within the sector include

Energy Transfer Equity

(

ETE

), down 7.7%,

Newmont Mining

(

NEM

), down 7.4%,

Petroleo Brasileiro SA Petrobras

(

PBR

), down 5.8%,

Barrick Gold

(

ABX

), down 5.3% and

Goldcorp

(

GG

), down 5.2%.

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

3.

China Petroleum & Chemical

(

SNP

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, China Petroleum & Chemical is up $2.40 (4.7%) to $53.01 on average volume. Thus far, 80,321 shares of China Petroleum & Chemical exchanged hands as compared to its average daily volume of 153,900 shares. The stock has ranged in price between $52.48-$53.27 after having opened the day at $53.13 as compared to the previous trading day's close of $50.61.

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China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. China Petroleum & Chemical has a market cap of $64.8 billion and is part of the energy industry. Shares are down 15.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate China Petroleum & Chemical a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

China Petroleum & Chemical

as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full

China Petroleum & Chemical Ratings Report

now.

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2. As of noon trading,

PetroChina

(

PTR

) is up $2.29 (4.2%) to $57.31 on average volume. Thus far, 88,041 shares of PetroChina exchanged hands as compared to its average daily volume of 164,200 shares. The stock has ranged in price between $56.56-$57.40 after having opened the day at $57.28 as compared to the previous trading day's close of $55.02.

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PetroChina Company Limited, together with its subsidiaries, produces and sells oil and gas in the People's Republic of China. The company operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. PetroChina has a market cap of $106.9 billion and is part of the energy industry. Shares are down 16.1% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate PetroChina a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

PetroChina

as a

hold

. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full

PetroChina Ratings Report

now.

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1. As of noon trading,

Baker Hughes

(

BHI

) is up $0.75 (1.9%) to $40.64 on light volume. Thus far, 660,468 shares of Baker Hughes exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $39.26-$40.87 after having opened the day at $40.01 as compared to the previous trading day's close of $39.89.

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Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $18.0 billion and is part of the energy industry. Shares are down 13.6% year-to-date as of the close of trading on Friday. Currently there are 15 analysts who rate Baker Hughes a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Baker Hughes

as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full

Baker Hughes 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

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).