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 68 points (0.4%) at 15,371 as of Thursday, May 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,814 issues advancing vs. 1,135 declining with 104 unchanged.

The Basic Materials sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Kinross Gold Corporation ( KGC), up 7.7%, Anglogold Ashanti ( AU), up 7.2%, Barrick Gold Corporation ( ABX), up 6.9%, Eldorado Gold ( EGO), up 6.1% and Goldcorp ( GG), up 5.4%. On the negative front, top decliners within the sector include Boardwalk Pipeline Partners ( BWP), down 4.84, Baker Hughes ( BHI), down 2.15, Enterprise Products Partners ( EPD), down 2.19, Kinder Morgan ( KMI), down 2.20 and Halliburton Company ( HAL), down 1.88.

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

5. Silver Wheaton Corporation ( SLW) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Silver Wheaton Corporation is up $0.97 (4.15) to $24.37 on average volume Thus far, 4.0 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $23.65-$24.40 after having opened the day at $23.88 as compared to the previous trading day's close of $23.40.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $8.0 billion and is part of the metals & mining industry. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are down 37.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Silver Wheaton Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Vale ( VALE) is up $0.21 (1.44) to $15.11 on average volume Thus far, 10.1 million shares of Vale exchanged hands as compared to its average daily volume of 18.9 million shares. The stock has ranged in price between $14.81-$15.30 after having opened the day at $14.91 as compared to the previous trading day's close of $14.90.

Vale S.A. engages in the research, production, and marketing of iron ore and pellets, nickel, fertilizers, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Vale has a market cap of $78.4 billion and is part of the metals & mining industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are down 28.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Vale a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Vale as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Vale Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, LyondellBasell Industries ( LYB) is up $0.76 (1.16) to $66.54 on light volume Thus far, 1.3 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $65.84-$66.82 after having opened the day at $66.25 as compared to the previous trading day's close of $65.78.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $38.7 billion and is part of the chemicals industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 17.7% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR) is up $0.31 (1.73) to $18.23 on average volume Thus far, 7.8 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 16.1 million shares. The stock has ranged in price between $17.70-$18.53 after having opened the day at $17.80 as compared to the previous trading day's close of $17.92.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $119.2 billion and is part of the energy industry. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are down 8.0% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is up $0.61 (1.96) to $31.67 on average volume Thus far, 7.1 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 17.9 million shares. The stock has ranged in price between $31.10-$31.74 after having opened the day at $31.17 as compared to the previous trading day's close of $31.06.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $29.3 billion and is part of the metals & mining industry. The company has a P/E ratio of 10.0, below the S&P 500 P/E ratio of 17.7. Shares are down 9.7% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold 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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Freeport-McMoRan Copper & Gold Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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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