One out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 27 points (-0.1%) at 18,429 as of Friday, July 29, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,872 issues advancing vs. 1,043 declining with 148 unchanged.

The Basic Materials sector currently sits up 0.8% versus the S&P 500, which is up 0.2%. Top gainers within the sector include

Petroleo Brasileiro SA Petrobras

(

PBR.A

), up 4.7%,

Enbridge

(

ENB

), up 3.8%,

Barrick Gold

(

ABX

), up 2.7%,

BP

(

BP

), up 0.8% and

PetroChina

(

PTR

), up 0.7%. On the negative front, top decliners within the sector include

Eastman Chemical

(

EMN

), down 7.1%,

Vale

(

VALE

), down 2.8%,

Exxon Mobil

(

XOM

), down 2.3% and

Enterprise Products Partners

(

EPD

), down 0.9%.

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

3.

Devon Energy

(

DVN

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Devon Energy is up $1.17 (3.2%) to $37.30 on average volume. Thus far, 5.2 million shares of Devon Energy exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $35.61-$37.56 after having opened the day at $35.99 as compared to the previous trading day's close of $36.13.

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Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It operates approximately 19,000 wells. Devon Energy has a market cap of $18.9 billion and is part of the energy industry. Shares are up 12.9% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts who rate Devon Energy a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Devon Energy

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. Get the full

Devon Energy Ratings Report

now.

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2. As of noon trading,

Halliburton

(

HAL

) is up $0.67 (1.6%) to $43.44 on light volume. Thus far, 2.9 million shares of Halliburton exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $42.17-$43.61 after having opened the day at $42.23 as compared to the previous trading day's close of $42.77.

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Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. Halliburton has a market cap of $36.9 billion and is part of the energy industry. Shares are up 25.6% year-to-date as of the close of trading on Thursday. Currently there are 21 analysts who rate Halliburton a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Halliburton

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

Halliburton Ratings Report

now.

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1. As of noon trading,

Schlumberger

(

SLB

) is up $0.84 (1.1%) to $79.89 on average volume. Thus far, 2.5 million shares of Schlumberger exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $78.11-$80.17 after having opened the day at $78.23 as compared to the previous trading day's close of $79.05.

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Schlumberger Limited supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industry worldwide. Schlumberger has a market cap of $100.0 billion and is part of the energy industry. Shares are up 13.3% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts who rate Schlumberger a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Schlumberger

as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow. Get the full

Schlumberger 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

).