5 Stocks Driving 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 15,100 as of Thursday, May 9, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,176 issues advancing vs. 1,742 declining with 136 unchanged.

The Basic Materials sector currently sits up 0.2% versus the S&P 500, which is down 0.21. Top gainers within the sector include Apache Corporation ( APA), up 4.2%, CF Industries Holdings ( CF), up 2.8%, Chesapeake Energy ( CHK), up 2.8%, Williams Companies ( WMB), up 2.7% and Energy Transfer Partners L.P ( ETP), up 2.4%. On the negative front, top decliners within the sector include Seadrill ( SDRL), down 2.52, Cenovus Energy ( CVE), down 1.47, Enbridge ( ENB), down 1.34, LyondellBasell Industries ( LYB), down 1.34 and National Oilwell Varco ( NOV), down 0.93.

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

5. Energy Transfer Equity ( ETE) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Energy Transfer Equity is up $2.11 (3.56) to $61.46 on heavy volume Thus far, 777,970 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 705,100 shares. The stock has ranged in price between $58.48-$62.50 after having opened the day at $59.00 as compared to the previous trading day's close of $59.35.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $16.5 billion and is part of the energy industry. The company has a P/E ratio of 50.2, above the S&P 500 P/E ratio of 17.7. Shares are up 30.5% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Energy Transfer Equity Ratings Report now.

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4. As of noon trading, MarkWest Energy Partners ( MWE) is up $2.07 (3.27) to $65.35 on heavy volume Thus far, 552,555 shares of MarkWest Energy Partners exchanged hands as compared to its average daily volume of 684,100 shares. The stock has ranged in price between $63.00-$65.73 after having opened the day at $63.05 as compared to the previous trading day's close of $63.28.

Markwest Energy Partners, L.P., together with its subsidiaries, engages in the gathering, processing, and transportation of natural gas the United States. MarkWest Energy Partners has a market cap of $8.1 billion and is part of the energy industry. The company has a P/E ratio of 37.1, above the S&P 500 P/E ratio of 17.7. Shares are up 24.1% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate MarkWest Energy Partners a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates MarkWest Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full MarkWest Energy Partners Ratings Report now.

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3. As of noon trading, Kinross Gold Corporation ( KGC) is up $0.24 (4.29) to $5.84 on average volume Thus far, 7.1 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 11.2 million shares. The stock has ranged in price between $5.48-$5.90 after having opened the day at $5.56 as compared to the previous trading day's close of $5.60.

Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. Kinross Gold Corporation has a market cap of $6.0 billion and is part of the metals & mining industry. Shares are down 42.4% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Kinross Gold Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Kinross Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Kinross Gold Corporation Ratings Report now.

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2. As of noon trading, ArcelorMittal ( MT) is up $0.27 (2.12) to $13.02 on average volume Thus far, 4.3 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 7.5 million shares. The stock has ranged in price between $12.86-$13.08 after having opened the day at $12.94 as compared to the previous trading day's close of $12.75.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $20.0 billion and is part of the metals & mining industry. Shares are down 27.0% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ArcelorMittal as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full ArcelorMittal Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Oil States International ( OIS) is up $4.08 (4.27) to $99.55 on heavy volume Thus far, 1.4 million shares of Oil States International exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $96.92-$99.55 after having opened the day at $98.85 as compared to the previous trading day's close of $95.47.

Oil States International, Inc., through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in four segments: Accommodations, Offshore Products, Well Site Services, and Tubular Services. Oil States International has a market cap of $5.2 billion and is part of the energy industry. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are up 33.4% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Oil States International a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Oil States International as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, 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 Oil States International Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

A reminder about TheStreet Ratings group: 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.

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