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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Basic Materials sector currently sits up 0.6% versus the S&P 500, which is down 0.1%. Top gainers within the sector include

YPF Sociedad Anonima

(

YPF

), up 3.7%,

Vale

(

VALE

), up 2.9%,

Southern Copper

(

SCCO

), up 2.8%,

Barrick Gold

(

ABX

), up 1.9% and

Energy Transfer Equity

(

ETE

), up 1.5%. On the negative front, top decliners within the sector include

China Petroleum & Chemical

(

SNP

), down 2.8%,

Baker Hughes

(

BHI

), down 1.1% and

Petroleo Brasileiro SA Petrobras

(

PBR

), down 1.1%.

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

3.

Williams Companies

(

WMB

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Williams Companies is up $0.92 (1.6%) to $58.58 on average volume. Thus far, 3.0 million shares of Williams Companies exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $57.75-$58.62 after having opened the day at $57.91 as compared to the previous trading day's close of $57.66.

The Williams Companies, Inc. operates as an energy infrastructure company. Williams Companies has a market cap of $39.7 billion and is part of the energy industry. Shares are up 49.5% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Williams Companies a buy, no analysts rate it a sell, and 3 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 solid stock price performance and expanding profit margins. We feel these 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.

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,

Occidental Petroleum

(

OXY

) is up $1.36 (1.3%) to $105.36 on average volume. Thus far, 2.7 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $104.14-$105.44 after having opened the day at $104.15 as compared to the previous trading day's close of $104.00.

Occidental Petroleum Corporation is engaged 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 $81.2 billion and is part of the energy industry. Shares are up 9.4% year-to-date as of the close of trading on Friday. Currently there are 12 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

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Occidental Petroleum 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,

ConocoPhillips

(

COP

) is up $0.56 (0.7%) to $85.92 on average volume. Thus far, 3.5 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $85.47-$86.43 after having opened the day at $85.59 as compared to the previous trading day's close of $85.36.

ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $104.1 billion and is part of the energy industry. Shares are up 20.8% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate ConocoPhillips a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

ConocoPhillips

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

ConocoPhillips 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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