3 Stocks Pulling The Basic Materials Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 68 points (0.4%) at 17,604 as of Tuesday, March 29, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,037 issues advancing vs. 895 declining with 166 unchanged.
The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include
(
), down 7.5%,
(
), down 3.4%,
(
), down 2.6%,
(
), down 2.5% and
(
), down 2.3%. Top gainers within the sector include
(
), up 6.9%,
(
), up 4.0%,
(
), up 3.0%,
(
), up 2.9% and
(
), up 2.1%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Cheniere Energy is down $0.93 (-2.8%) to $32.27 on light volume. Thus far, 1.1 million shares of Cheniere Energy exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $31.76-$33.10 after having opened the day at $33.10 as compared to the previous trading day's close of $33.20.
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.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business in the United States. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. Cheniere Energy has a market cap of $8.0 billion and is part of the energy industry. Shares are down 10.9% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate Cheniere Energy a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Cheniere Energy
as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income and feeble growth in its earnings per share. Get the full
Cheniere Energy 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.
2. As of noon trading,
(
) is down $0.91 (-2.1%) to $42.96 on light volume. Thus far, 1.2 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $42.32-$43.43 after having opened the day at $43.26 as compared to the previous trading day's close of $43.87.
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.
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 $19.6 billion and is part of the energy industry. Shares are down 4.9% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Baker Hughes a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Baker Hughes
as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
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.
1. As of noon trading,
(
) is down $0.27 (-1.0%) to $26.37 on light volume. Thus far, 1.3 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $25.77-$26.43 after having opened the day at $26.05 as compared to the previous trading day's close of $26.64.
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.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Canadian Natural Resources has a market cap of $29.1 billion and is part of the energy industry. Shares are up 22.0% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Canadian Natural Resources
as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and weak operating cash flow. Get the full
Canadian Natural Resources 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
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
