Basic Materials Stocks On The Rise With Help From 3 Stocks

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 89 points (0.6%) at 15,077 as of Friday, July 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.

The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Apache Corporation ( APA), up 3.3%, Halliburton Company ( HAL), up 1.8%, LyondellBasell Industries ( LYB), up 1.3%, EOG Resources ( EOG), up 1.0% and Schlumberger ( SLB), up 0.9%. On the negative front, top decliners within the sector include Anglogold Ashanti ( AU), down 8.9%, Kinross Gold Corporation ( KGC), down 8.3%, Barrick Gold Corporation ( ABX), down 8.0%, Braskem ( BAK), down 8.2% and Goldcorp ( GG), down 5.5%.

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

3. National Oilwell Varco ( NOV) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, National Oilwell Varco is up $1.50 (2.1%) to $71.81 on average volume. Thus far, 1.7 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $70.87-$71.99 after having opened the day at $71.03 as compared to the previous trading day's close of $70.31.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $29.9 billion and is part of the energy industry. Shares are up 2.5% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates National Oilwell Varco 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, attractive valuation levels, good cash flow from operations 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 National Oilwell Varco 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, Anadarko Petroleum ( APC) is up $0.97 (1.1%) to $87.90 on light volume. Thus far, 721,079 shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $87.00-$88.00 after having opened the day at $87.48 as compared to the previous trading day's close of $86.93.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. Anadarko Petroleum has a market cap of $43.5 billion and is part of the energy industry. Shares are up 16.8% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum 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, largely solid financial position with reasonable debt levels by most measures 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 Anadarko Petroleum 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, E.I. du Pont de Nemours & Company ( DD) is up $0.43 (0.8%) to $52.83 on light volume. Thus far, 1.4 million shares of E.I. du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $52.46-$52.94 after having opened the day at $52.64 as compared to the previous trading day's close of $52.40.

E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. E.I. du Pont de Nemours & Company has a market cap of $48.4 billion and is part of the chemicals industry. Shares are up 16.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate E.I. du Pont de Nemours & Company a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full E.I. du Pont de Nemours & 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.

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).

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