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Energy Transfer Equity

(

ETE

) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Energy Transfer Equity fell $1.03 (-2.2%) to $45.80 on heavy volume. Throughout the day, 3,541,651 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1,797,200 shares. The stock ranged in price between $45.42-$47.22 after having opened the day at $46.83 as compared to the previous trading day's close of $46.83. Other companies within the Basic Materials sector that declined today were:

KiOR

(

KIOR

), down 18.4%,

Avino Silver & Gold Mines

(

ASM

), down 14.4%,

Great Northern Iron Ore

(

GNI

), down 12.8% and

China Gengsheng Minerals

(

CHGS

), down 11.8%.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $25.9 billion and is part of the energy industry. Shares are up 14.6% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Energy Transfer Equity

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins.

On the positive front,

Petroleo Brasileiro SA Petrobras

(

PBR.A

), up 9.9%,

Goodrich Petroleum

(

GDP

), up 8.8%,

Revett Mining Company

(

RVM

), up 8.7% and

Saratoga Resources

(

SARA

), up 7.9% , were all gainers within the basic materials sector with

Pioneer Natural Resources Company

(

PXD

) 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

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

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