Today's Stocks Driving Success For 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 79 points (0.5%) at 15,467 as of Wednesday, May 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,746 issues advancing vs. 1,183 declining with 133 unchanged.

The Basic Materials sector currently sits up 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Kinross Gold Corporation ( KGC), up 7.1%, Pioneer Natural Resources Company ( PXD), up 4.8%, Chesapeake Energy ( CHK), up 2.7%, Ecopetrol S.A ( EC), up 2.0% and Energy Transfer Equity ( ETE), up 1.5%. On the negative front, top decliners within the sector include Potash Corporation of Saskatchewan ( POT), down 1.00, PetroChina ( PTR), down 1.14, Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.16, EOG Resources ( EOG), down 0.60 and Monsanto Company ( MON), down 0.59.

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

5. Southern Copper Corporation ( SCCO) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Southern Copper Corporation is up $0.57 (1.74) to $33.40 on average volume Thus far, 1.2 million shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $33.08-$33.92 after having opened the day at $33.09 as compared to the previous trading day's close of $32.83.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Southern Copper Corporation has a market cap of $27.8 billion and is part of the metals & mining industry. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are down 13.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Southern Copper Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Southern Copper Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Southern Copper Corporation Ratings Report now.

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4. As of noon trading, Teck Resources ( TCK) is up $0.64 (2.31) to $28.39 on heavy volume Thus far, 2.6 million shares of Teck Resources exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $27.81-$28.96 after having opened the day at $28.06 as compared to the previous trading day's close of $27.75.

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in the Americas, Asia Pacific, Europe, and Africa. Teck Resources has a market cap of $16.0 billion and is part of the metals & mining industry. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are down 23.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Teck Resources a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Teck Resources as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Teck Resources Ratings Report now.

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3. As of noon trading, Goldcorp ( GG) is up $0.64 (2.40) to $27.28 on heavy volume Thus far, 5.7 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $26.72-$28.02 after having opened the day at $27.08 as compared to the previous trading day's close of $26.64.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $22.2 billion and is part of the metals & mining industry. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are down 27.4% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Goldcorp Ratings Report now.

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2. As of noon trading, Apache Corporation ( APA) is up $0.68 (0.81) to $85.04 on average volume Thus far, 2.0 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $83.76-$85.49 after having opened the day at $84.33 as compared to the previous trading day's close of $84.36.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $32.9 billion and is part of the energy industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.5% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Apache Corporation Ratings Report now.

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1. As of noon trading, Barrick Gold Corporation ( ABX) is up $0.26 (1.34) to $19.63 on heavy volume Thus far, 15.9 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18.1 million shares. The stock has ranged in price between $19.36-$20.25 after having opened the day at $19.84 as compared to the previous trading day's close of $19.37.

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 $20.0 billion and is part of the metals & mining industry. Shares are down 44.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full Barrick Gold Corporation 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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