Tesoro Corporation (TSO): Today's Featured Basic Materials Winner
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.
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.9%. By the end of trading, Tesoro Corporation rose $1.08 (2.3%) to $47.78 on heavy volume. Throughout the day, 4,912,360 shares of Tesoro Corporation exchanged hands as compared to its average daily volume of 3,117,700 shares. The stock ranged in a price between $46.10-$48.60 after having opened the day at $46.65 as compared to the previous trading day's close of $46.70. Other companies within the Basic Materials sector that increased today were:
(
), up 75.0%,
(
), up 20.0%,
(
), up 16.0% and
(
), up 9.4%.
Tesoro Corporation, together with its subsidiaries, engages in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. Tesoro Corporation has a market cap of $6.4 billion and is part of the energy industry. Shares are up 6.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Tesoro Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Tesoro Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Tesoro Corporation Ratings Report.
On the negative front,
(
), down 14.2%,
(
), down 12.1%,
(
), down 12.1% and
(
), down 10.0% , 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
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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