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) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.9%. By the end of trading, BP rose $0.60 (1.5%) to $41.51 on average volume. Throughout the day, 4,117,438 shares of BP exchanged hands as compared to its average daily volume of 5,133,500 shares. The stock ranged in a price between $41.11-$41.54 after having opened the day at $41.16 as compared to the previous trading day's close of $40.91. Other companies within the Basic Materials sector that increased today were:
), up 21.2%,
), up 15.2%,
), up 14.9% and
), up 11.5%.
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BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $127.9 billion and is part of the energy industry. Shares are down 1.8% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate BP a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, good cash flow from operations, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full BP Ratings Report.
On the negative front,
), down 12.7%,
), down 11.3%,
), down 11.0% and
), down 10.6% , were all laggards within the basic materials sector with
) being today's basic materials sector laggard.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, 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
- Find other investment ideas from our top rated ETFs lists.