3 Stocks Raising The Basic Materials Sector Higher
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 up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 84 points (0.5%) at 17,140 as of Wednesday, Sept. 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,417 declining with 186 unchanged.
The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is up 0.4%. Top gainers within the sector include
(
), up 3.2%,
(
), up 2.8%,
TheStreet Recommends
(
), up 2.3%,
(
), up 1.5% and
(
), up 0.9%. On the negative front, top decliners within the sector include
(
), down 2.0%,
(
), down 1.7%,
(
), down 1.6%,
(
), down 1.5% and
(
), down 1.4%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Vale is up $0.19 (1.6%) to $11.61 on average volume. Thus far, 9.9 million shares of Vale exchanged hands as compared to its average daily volume of 19.3 million shares. The stock has ranged in price between $11.47-$11.63 after having opened the day at $11.55 as compared to the previous trading day's close of $11.42.
Vale S.A. is engaged in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals. Vale has a market cap of $59.0 billion and is part of the metals & mining industry. Shares are down 25.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Vale a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Vale
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full
now.
2. As of noon trading,
E I du Pont de Nemours & Company
(
) is up $1.35 (1.9%) to $72.39 on average volume. Thus far, 2.6 million shares of E I du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $71.02-$72.46 after having opened the day at $71.12 as compared to the previous trading day's close of $71.04.
E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. E I du Pont de Nemours & Company has a market cap of $65.4 billion and is part of the chemicals industry. Shares are up 9.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate E I du Pont de Nemours & Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
E I du Pont de Nemours & Company
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
E I du Pont de Nemours & Company Ratings Report
now.
1. As of noon trading,
(
) is up $0.78 (1.5%) to $53.57 on average volume. Thus far, 2.7 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $52.89-$53.57 after having opened the day at $52.93 as compared to the previous trading day's close of $52.79.
The Dow Chemical Company manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $63.1 billion and is part of the chemicals industry. Shares are up 18.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Dow Chemical a buy, 3 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Dow Chemical
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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
(
).
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