4 Basic Materials Stocks Pushing Sector Growth

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras ( PBR.A), up 1.5%, LyondellBasell Industries ( LYB), up 1.4%, PetroChina ( PTR), up 0.9%, Eni SpA ( E), up 0.7% and Schlumberger ( SLB), up 0.7%. A company within the sector that fell today was Ecopetrol S.A ( EC), up 0.8%.

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

4. Yamana Gold ( AUY) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Yamana Gold is up $0.34 (3.6%) to $9.72 on average volume. Thus far, 4.2 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $9.46-$9.78 after having opened the day at $9.53 as compared to the previous trading day's close of $9.39.

Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. Yamana Gold has a market cap of $7.4 billion and is part of the metals & mining industry. Shares are down 45.4% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Yamana Gold a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Yamana Gold 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 a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and weak operating cash flow. Get the full Yamana 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.

3. As of noon trading, Canadian Natural Resources ( CNQ) is up $0.41 (1.4%) to $29.09 on average volume. Thus far, 1.7 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $28.71-$29.14 after having opened the day at $28.80 as compared to the previous trading day's close of $28.68.

Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. Canadian Natural Resources has a market cap of $31.0 billion and is part of the energy industry. Shares are down 1.4% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Canadian Natural 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.

2. As of noon trading, Marathon Oil ( MRO) is up $0.66 (1.9%) to $35.26 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 $34.40-$35.32 after having opened the day at $34.57 as compared to the previous trading day's close of $34.60.

Marathon Oil Corporation operates as an energy company worldwide. Marathon Oil has a market cap of $24.7 billion and is part of the energy industry. Shares are up 12.9% year to date as of the close of trading on Tuesday. Currently there are 12 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, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Marathon Oil 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, Goldcorp ( GG) is up $0.84 (3.5%) to $24.86 on average volume. Thus far, 5.0 million shares of Goldcorp exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $24.17-$25.01 after having opened the day at $24.28 as compared to the previous trading day's close of $24.01.

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 $20.7 billion and is part of the metals & mining industry. Shares are down 34.6% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 5 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, disappointing return on equity and weak operating cash flow. Get the full Goldcorp 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).

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