Basic Materials Stocks On The Rise With Help From 3 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 87 points (-0.6%) at 14,874 as of Thursday, June 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,603 declining with 125 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is down 0.38. Top gainers within the sector include Weatherford International ( WFT), up 3.0%, Kinder Morgan ( KMI), up 1.9%, Marathon Petroleum ( MPC), up 1.7%, Freeport-McMoRan Copper & Gold ( FCX), up 1.4% and Goldcorp ( GG), up 1.6%. On the negative front, top decliners within the sector include Southwestern Energy Company ( SWN), down 2.74, Devon Energy ( DVN), down 2.70, Chevron ( CVX), down 2.08, Monsanto Company ( MON), down 1.19 and Praxair ( PX), down 0.83.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Cameron International Corporation ( CAM) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Cameron International Corporation is up $0.94 (1.57) to $60.89 on average volume Thus far, 994,285 shares of Cameron International Corporation exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $59.86-$61.28 after having opened the day at $60.11 as compared to the previous trading day's close of $59.95.

Cameron International Corporation provides flow equipment products, systems, and services worldwide. Cameron International Corporation has a market cap of $14.9 billion and is part of the energy industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 6.2% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Cameron International Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cameron International Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Cameron International 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.

2. As of noon trading, Pioneer Natural Resources Company ( PXD) is up $1.70 (1.23) to $139.70 on light volume Thus far, 366,661 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $137.44-$140.99 after having opened the day at $137.66 as compared to the previous trading day's close of $138.00.

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 $19.1 billion and is part of the energy industry. The company has a P/E ratio of 636.4, above the S&P 500 P/E ratio of 17.7. Shares are up 29.5% year to date as of the close of trading on Wednesday. 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.

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, Phillips 66 ( PSX) is up $0.40 (0.64) to $64.02 on light volume Thus far, 1.1 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $63.35-$64.79 after having opened the day at $63.68 as compared to the previous trading day's close of $63.61.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $40.4 billion and is part of the energy industry. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are up 19.8% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Phillips 66 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 3 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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