Basic Materials Stocks On The Rise With Help From 5 Stocks

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 64 points (0.4%) at 14,866 as of Thursday, April 11, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,100 declining with 140 unchanged.

The Basic Materials sector currently sits down 0.24 versus the S&P 500, which is up 0.4%. Top gainers within the sector include Occidental Petroleum Corporation ( OXY), up 3.7%, Southwestern Energy Company ( SWN), up 2.8%, PPG Industries ( PPG), up 2.3%, Total ( TOT), up 1.2% and Chevron ( CVX), up 0.9%. On the negative front, top decliners within the sector include Valero Energy Corporation ( VLO), down 4.12, HollyFrontier ( HFC), down 4.14, Marathon Petroleum ( MPC), down 3.72, Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.89 and PetroChina ( PTR), down 0.97.

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

5. Barrick Gold Corporation ( ABX) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Barrick Gold Corporation is up $0.38 (1.53) to $24.84 on heavy volume Thus far, 15.0 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 10.2 million shares. The stock has ranged in price between $24.30-$25.10 after having opened the day at $24.63 as compared to the previous trading day's close of $24.46.

Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $26.7 billion and is part of the metals & mining industry. Shares are down 30.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Barrick Gold Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Barrick Gold Corporation Ratings Report now.

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