5 Stocks Pushing The Basic Materials Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 51 points (0.4%) at 14,033 as of Tuesday, Feb. 19, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,948 issues advancing vs. 943 declining with 147 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Braskem ( BAK), up 7.7%, ArcelorMittal ( MT), up 2.7%, Total ( TOT), up 2.5%, Marathon Oil ( MRO), up 2.2% and Statoil ASA ( STO), up 1.4%. On the negative front, top decliners within the sector include Ecopetrol S.A ( EC), down 3.1%, PPG Industries ( PPG), down 2.4%, Sherwin-Williams Company ( SHW), down 2.1%, Barrick Gold Corporation ( ABX), down 1.5% and BP ( BP), down 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Petroleo Brasileiro SA Petrobras ( PBR) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Petroleo Brasileiro SA Petrobras is up $0.42 (2.6%) to $16.38 on average volume Thus far, 6.4 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 15.6 million shares. The stock has ranged in price between $16.22-$16.40 after having opened the day at $16.31 as compared to the previous trading day's close of $15.96.

Petroleo Brasileiro S.A. operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $104.1 billion and is part of the energy industry. The company has a P/E ratio of 5.2, below the S&P 500 P/E ratio of 17.7. Shares are down 18.0% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you liked this article you might like

The Retail Apocalypse Is About to Descend on Wall Street This Coming Week

Former Petrobras CEO Bendine Arrested in Bribe Probe

Pirates Step Up Attacks on Petrobras Refineries in the Amazon

Petrobras Stock Jumps on CVM Decision, Lula Conviction

Former Brazilian President Lula Gets 9 Years For Corruption