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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 77 points (-0.5%) at 16,791 as of Thursday, June 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,231 issues advancing vs. 1,744 declining with 167 unchanged.

The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is down 0.4%. Top gainers within the sector include

Vale

(

VALE

), up 2.9%,

Schlumberger

(

SLB

), up 2.3%,

China Petroleum & Chemical

TheStreet Recommends

(

SNP

), up 2.2%,

Valero Energy

(

VLO

), up 2.2% and

PetroChina

(

PTR

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

Turquoise Hill Resources

(

TRQ

), down 5.0%,

Pioneer Natural Resources

(

PXD

), down 3.0%,

Total

(

TOT

), down 1.3%,

Devon Energy

(

DVN

), down 1.3% and

EOG Resources

(

EOG

), down 0.9%.

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

3.

POSCO

(

PKX

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, POSCO is up $1.66 (2.3%) to $74.64 on average volume. Thus far, 92,445 shares of POSCO exchanged hands as compared to its average daily volume of 226,100 shares. The stock has ranged in price between $74.32-$75.08 after having opened the day at $74.53 as compared to the previous trading day's close of $72.98.

POSCO, together with its subsidiaries, manufactures and sells steel rolled products and plates. It operates through four segments: Steel, Trading, Construction, and Others. POSCO has a market cap of $22.9 billion and is part of the metals & mining industry. Shares are down 6.4% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

POSCO

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. Get the full

POSCO Ratings Report

now.

3x UPSIDE POTENTIAL: 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,

Nabors Industries

(

NBR

) is up $2.00 (7.3%) to $29.30 on heavy volume. Thus far, 6.2 million shares of Nabors Industries exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $28.84-$29.90 after having opened the day at $29.75 as compared to the previous trading day's close of $27.30.

Nabors Industries Ltd., together with its subsidiaries, provides drilling and rig services; and completion and production services. It offers equipment manufacturing, instrumentation optimization software, and directional drilling services. Nabors Industries has a market cap of $8.0 billion and is part of the energy industry. Shares are up 60.7% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Nabors Industries a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Nabors Industries

as a

buy

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

Nabors Industries Ratings Report

now.

3x UPSIDE POTENTIAL: 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,

Alcoa

(

AA

) is up $0.31 (2.1%) to $14.86 on heavy volume. Thus far, 21.3 million shares of Alcoa exchanged hands as compared to its average daily volume of 17.5 million shares. The stock has ranged in price between $14.74-$15.18 after having opened the day at $15.11 as compared to the previous trading day's close of $14.55.

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $17.0 billion and is part of the metals & mining industry. Shares are up 36.9% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Alcoa a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Alcoa

as a

hold

. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full

Alcoa Ratings Report

now.

3x UPSIDE POTENTIAL: 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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