5 Stocks Underperforming Today In The Basic Materials Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 45 points (-0.3%) at 14,466 as of Thursday, March 21, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,235 issues advancing vs. 1,661 declining with 139 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Companhia Siderurgica Nacional ( SID), down 3.2%, Eastman Chemical Company ( EMN), down 2.7%, Total ( TOT), down 1.4%, Tenaris ( TS), down 1.5% and Canadian Natural Resources ( CNQ), down 1.2%. Top gainers within the sector include Newmont Mining Corporation ( NEM), up 3.2%, Yamana Gold ( AUY), up 2.8%, Barrick Gold Corporation ( ABX), up 3.1%, Goldcorp ( GG), up 2.6% and Ecopetrol S.A ( EC), up 2.5%.

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

5. Potash Corporation of Saskatchewan ( POT) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Potash Corporation of Saskatchewan is down $0.41 (-1.0%) to $39.78 on light volume Thus far, 1.2 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $39.67-$40.15 after having opened the day at $40.05 as compared to the previous trading day's close of $40.19.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $34.7 billion and is part of the chemicals industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Potash Corporation of Saskatchewan a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Potash Corporation of Saskatchewan 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

Goldman Sachs Could Be Another Negative Tell; Takeaways: Doug Kass' Views

All That Rises Is Not Tech: Top Takeaways From Jim Cramer's 'Off the Charts'

Investors Should Ignore Washington: Cramer's 'Mad Money' Recap (Tuesday 7/18/17)

These Stocks Have Changed Direction