5 Stocks Raising 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 54 points (0.4%) at 15,287 as of Friday, May 17, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 899 declining with 140 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Noble Corporation ( NE), up 2.8%, Marathon Petroleum ( MPC), up 2.9%, Continental Resources ( CLR), up 2.6%, ArcelorMittal ( MT), up 2.5% and Noble Energy ( NBL), up 2.1%. On the negative front, top decliners within the sector include Agnico Eagle Mines ( AEM), down 3.82, Franco-Nevada ( FNV), down 3.69, Newmont Mining Corporation ( NEM), down 3.21, Goldcorp ( GG), down 2.50 and Silver Wheaton Corporation ( SLW), down 2.28.

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

5. PPG Industries ( PPG) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, PPG Industries is up $1.90 (1.22) to $157.45 on light volume Thus far, 291,168 shares of PPG Industries exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $155.89-$157.74 after having opened the day at $156.71 as compared to the previous trading day's close of $155.55.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $22.3 billion and is part of the chemicals industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PPG Industries Ratings Report now.

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4. As of noon trading, Marathon Oil ( MRO) is up $0.53 (1.51) to $35.68 on average volume Thus far, 2.0 million shares of Marathon Oil exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $35.30-$35.75 after having opened the day at $35.31 as compared to the previous trading day's close of $35.15.

Marathon Oil Corporation operates as an energy company worldwide. Marathon Oil has a market cap of $24.8 billion and is part of the energy industry. The company has a P/E ratio of 16.0, below the S&P 500 P/E ratio of 17.7. Shares are up 14.6% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Marathon Oil a buy, no analysts rate it a sell, and 4 rate it a hold.

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

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3. As of noon trading, Tesoro Corporation ( TSO) is up $2.38 (4.09) to $60.56 on heavy volume Thus far, 5.4 million shares of Tesoro Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $58.64-$61.64 after having opened the day at $58.84 as compared to the previous trading day's close of $58.18.

Tesoro Corporation, together with its subsidiaries, engages in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. Tesoro Corporation has a market cap of $7.9 billion and is part of the energy industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 32.1% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Tesoro Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tesoro Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Tesoro Corporation Ratings Report now.

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2. As of noon trading, Pioneer Natural Resources Company ( PXD) is up $1.98 (1.43) to $140.56 on average volume Thus far, 821,551 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $139.15-$141.81 after having opened the day at $139.70 as compared to the previous trading day's close of $138.58.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States and South Africa. The company produces and sells oil, natural gas liquid (NGL), and gas. Pioneer Natural Resources Company has a market cap of $19.0 billion and is part of the energy industry. The company has a P/E ratio of 631.0, above the S&P 500 P/E ratio of 17.7. Shares are up 30.0% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Pioneer Natural Resources Company a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Pioneer Natural Resources Company Ratings Report now.

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1. As of noon trading, EOG Resources ( EOG) is up $1.13 (0.85) to $134.35 on average volume Thus far, 1.1 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $133.51-$135.89 after having opened the day at $133.75 as compared to the previous trading day's close of $133.22.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $36.6 billion and is part of the energy industry. The company has a P/E ratio of 49.3, above the S&P 500 P/E ratio of 17.7. Shares are up 10.3% year to date as of the close of trading on Thursday. Currently there are 22 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full EOG Resources 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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