All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 192 points (-1.2%) at 16,087 as of Thursday, Sept. 24, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 732 issues advancing vs. 2,239 declining with 161 unchanged.

The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include

Western Gas Equity Partners

(

WGP

), down 7.4%,

Targa Resources

(

TRGP

), down 7.1%,

YPF Sociedad Anonima

(

YPF

), down 6.2%,

Energy Transfer Equity

(

ETE

), down 5.7% and

EQT Midstream Partners

(

EQM

), down 5.6%. Top gainers within the sector include

Worthington Industries

(

WOR

), up 12.9%,

Agnico Eagle Mines

(

AEM

), up 10.2%,

Eldorado Gold

(

EGO

), up 8.3%,

Barrick Gold

(

ABX

), up 7.7% and

Gerdau

(

GGB

), up 6.6%.

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

3.

Sherwin-Williams

(

SHW

) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Sherwin-Williams is down $6.32 (-2.7%) to $226.30 on heavy volume. Thus far, 979,339 shares of Sherwin-Williams exchanged hands as compared to its average daily volume of 921,100 shares. The stock has ranged in price between $224.83-$230.97 after having opened the day at $230.97 as compared to the previous trading day's close of $232.62.

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America. Sherwin-Williams has a market cap of $22.1 billion and is part of the chemicals industry. The company has a P/E ratio of 24.2, below the S&P 500 P/E ratio of 24.4. Shares are down 11.6% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Sherwin-Williams a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Sherwin-Williams

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Sherwin-Williams Ratings Report

now.

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2. As of noon trading,

Williams Companies

(

WMB

) is down $2.25 (-5.3%) to $40.22 on heavy volume. Thus far, 6.1 million shares of Williams Companies exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $39.62-$42.88 after having opened the day at $42.68 as compared to the previous trading day's close of $42.47.

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The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. Williams Companies has a market cap of $33.4 billion and is part of the energy industry. The company has a P/E ratio of 63.6, above the S&P 500 P/E ratio of 24.4. Shares are down 5.5% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Williams Companies a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Williams Companies

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Williams Companies Ratings Report

now.

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1. As of noon trading,

Phillips 66

(

PSX

) is down $0.55 (-0.7%) to $77.30 on light volume. Thus far, 1.2 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $76.51-$78.19 after having opened the day at $77.69 as compared to the previous trading day's close of $77.85.

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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 $42.0 billion and is part of the energy industry. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 24.4. Shares are up 8.6% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Phillips 66

as a

buy

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

Phillips 66 Ratings Report

now.

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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

).