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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.

Continental Resources



) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Continental Resources fell $2.16 (-1.8%) to $118.42 on heavy volume. Throughout the day, 2,544,300 shares of Continental Resources exchanged hands as compared to its average daily volume of 1,167,700 shares. The stock ranged in price between $115.09-$121.54 after having opened the day at $117.56 as compared to the previous trading day's close of $120.58. Other companies within the Basic Materials sector that declined today were:

Swift Energy Company



), down 16.1%,

China Gengsheng Minerals



), down 12.0%,




), down 7.3% and

Houston American Energy Corporation



), down 7.0%.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $22.9 billion and is part of the energy industry. Shares are up 7.2% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Continental Resources

as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front,

BioFuel Energy Corporation



), up 83.1%,

Pacific Ethanol



), up 65.5%,




), up 30.4% and

Mines Management



), up 27.8% , were all gainers within the basic materials sector with

LyondellBasell Industries



) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR



) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd




STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.