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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Basic Materials sector currently sits down 0.42 versus the S&P 500, which is down 0.17. A company within the sector that increased today was Freeport-McMoRan Copper & Gold ( FCX), up 1.16. On the negative front, top decliners within the sector include Inergy L.P ( NRGY), down 37.67, PetroChina ( PTR), down 1.99, Barrick Gold Corporation ( ABX), down 1.59, ArcelorMittal ( MT), down 1.47 and Halliburton Company ( HAL), down 1.17.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Tenaris ( TS) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Tenaris is up $0.44 (1.07) to $41.50 on light volume Thus far, 390,546 shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $41.28-$41.75 after having opened the day at $41.35 as compared to the previous trading day's close of $41.06.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $24.2 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 2.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Tenaris a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Tenaris 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, Linn Energy ( LINE) is up $1.79 (5.67) to $33.38 on heavy volume Thus far, 3.9 million shares of Linn Energy exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $32.10-$33.50 after having opened the day at $32.13 as compared to the previous trading day's close of $31.59.

Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties. Linn Energy has a market cap of $7.2 billion and is part of the energy industry. Shares are down 13.4% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Linn Energy a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Linn Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Linn Energy 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, Noble Energy ( NBL) is up $0.66 (1.09) to $61.35 on light volume Thus far, 573,403 shares of Noble Energy exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $60.57-$61.49 after having opened the day at $60.58 as compared to the previous trading day's close of $60.69.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids primarily in the United States, West Africa, and Eastern Mediterranean. Noble Energy has a market cap of $21.4 billion and is part of the energy industry. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Noble Energy a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Noble Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, 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 sub par growth in net income. Get the full Noble Energy 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, EOG Resources ( EOG) is up $1.80 (1.33) to $136.82 on light volume Thus far, 675,441 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $134.78-$137.71 after having opened the day at $134.97 as compared to the previous trading day's close of $135.02.

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 $36.3 billion and is part of the energy industry. The company has a P/E ratio of 48.8, above the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Tuesday. Currently there are 21 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, good cash flow from operations, 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 EOG Resources 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 4 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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