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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Vale ( VALE), up 1.9%, Mosaic ( MOS), up 1.2%, Hess ( HES), up 1.3%, E.I. du Pont de Nemours & Company ( DD), up 0.8% and Marathon Petroleum ( MPC), up 0.8%. On the negative front, top decliners within the sector include CGG Veritas ( CGV), down 8.9%, Kinross Gold Corporation ( KGC), down 2.5%, Tenaris ( TS), down 1.8%, Goldcorp ( GG), down 1.9% and Barrick Gold Corporation ( ABX), down 1.6%.

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

5. Western Refining ( WNR) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Western Refining is up $1.85 (5.3%) to $36.94 on average volume Thus far, 1.3 million shares of Western Refining exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $35.10-$37.57 after having opened the day at $35.21 as compared to the previous trading day's close of $35.09.

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in three segments: Refining Group, Wholesale Group, and Retail Group. Western Refining has a market cap of $3.0 billion and is part of the energy industry. The company has a P/E ratio of 26.5, above the S&P 500 P/E ratio of 17.7. Shares are up 24.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Western Refining a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Western Refining as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Western Refining Ratings Report now.

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