5 Stocks Pulling The Basic Materials Sector Downward

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%. A company within the sector that fell today was Ecopetrol S.A ( EC), up 0.8%. 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%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Enbridge ( ENB) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Enbridge is down $0.34 (-0.8%) to $42.18 on average volume. Thus far, 646,381 shares of Enbridge exchanged hands as compared to its average daily volume of 944,100 shares. The stock has ranged in price between $41.78-$42.46 after having opened the day at $42.31 as compared to the previous trading day's close of $42.52.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $34.8 billion and is part of the energy industry. Shares are down 1.8% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and disappointing return on equity. Get the full Enbridge Ratings Report now.

STOCKS TO BUY: 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, Tenaris ( TS) is down $1.61 (-3.6%) to $43.18 on heavy volume. Thus far, 2.7 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $42.56-$43.95 after having opened the day at $43.75 as compared to the previous trading day's close of $44.79.

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. Shares are up 6.8% 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tenaris Ratings Report now.

STOCKS TO BUY: 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, ArcelorMittal ( MT) is down $0.18 (-1.6%) to $11.03 on average volume. Thus far, 3.8 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $10.90-$11.10 after having opened the day at $10.94 as compared to the previous trading day's close of $11.21.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $17.7 billion and is part of the metals & mining industry. Shares are down 35.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ArcelorMittal as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full ArcelorMittal Ratings Report now.

STOCKS TO BUY: 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, Enterprise Products Partners ( EPD) is down $0.26 (-0.4%) to $62.90 on average volume. Thus far, 595,884 shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $62.05-$63.18 after having opened the day at $63.01 as compared to the previous trading day's close of $63.16.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States and internationally. Enterprise Products Partners has a market cap of $57.4 billion and is part of the energy industry. Shares are up 26.1% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Enterprise Products Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enterprise Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Enterprise Products Partners Ratings Report now.

STOCKS TO BUY: 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, Apache Corporation ( APA) is down $1.83 (-2.2%) to $80.30 on heavy volume. Thus far, 4.5 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $79.50-$81.93 after having opened the day at $81.79 as compared to the previous trading day's close of $82.13.

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 $32.6 billion and is part of the energy industry. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Apache Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Apache Corporation Ratings Report now.

STOCKS TO BUY: 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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