5 Stocks Pushing The Basic Materials Sector Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Phillips 66 ( PSX), down 3.2%, Marathon Petroleum ( MPC), down 2.6%, Ecopetrol S.A ( EC), down 1.5%, Apache Corporation ( APA), down 1.2% and Exxon Mobil Corporation ( XOM), down 0.9%. Top gainers within the sector include Canadian Natural Resources ( CNQ), up 1.2%, BP ( BP), up 1.2%, Statoil ASA ( STO), up 0.9%, Petroleo Brasileiro SA Petrobras ( PBR), up 0.9% and LyondellBasell Industries ( LYB), up 0.6%.

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 $0.38 (-0.9%) to $42.71 on light volume. Thus far, 200,880 shares of Enbridge exchanged hands as compared to its average daily volume of 972,600 shares. The stock has ranged in price between $42.65-$43.18 after having opened the day at $43.12 as compared to the previous trading day's close of $43.09.

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 2.5% 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, Teck Resources ( TCK) is down $0.55 (-2.6%) to $20.70 on average volume. Thus far, 1.2 million shares of Teck Resources exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $20.60-$21.38 after having opened the day at $21.35 as compared to the previous trading day's close of $21.25.

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in the Americas, Asia Pacific, Europe, and Africa. Teck Resources has a market cap of $11.4 billion and is part of the metals & mining industry. Shares are down 44.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Teck Resources a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Teck Resources as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Teck Resources 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, Nucor ( NUE) is down $0.85 (-1.9%) to $43.94 on average volume. Thus far, 831,372 shares of Nucor exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $43.83-$44.97 after having opened the day at $44.82 as compared to the previous trading day's close of $44.79.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $13.9 billion and is part of the metals & mining industry. Shares are up 1.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Nucor as a buy. 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Nucor 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, Pioneer Natural Resources Company ( PXD) is down $1.95 (-1.3%) to $151.54 on average volume. Thus far, 637,961 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 $151.09-$155.61 after having opened the day at $154.02 as compared to the previous trading day's close of $153.49.

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 $20.6 billion and is part of the energy industry. Shares are up 41.3% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Pioneer Natural Resources Company a buy, 1 analyst rates it a sell, and 7 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.

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, Valero Energy Corporation ( VLO) is down $0.57 (-1.7%) to $33.71 on average volume. Thus far, 4.2 million shares of Valero Energy Corporation exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $33.54-$34.21 after having opened the day at $34.11 as compared to the previous trading day's close of $34.28.

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. Valero Energy Corporation has a market cap of $18.8 billion and is part of the energy industry. Shares are up 0.5% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Valero Energy Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Valero Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Valero Energy 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 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).

null

More from Markets

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

M&A Trends Still on Investors' Minds Despite Worries Over Tariffs -- ICYMI

M&A Trends Still on Investors' Minds Despite Worries Over Tariffs -- ICYMI

Dow Falls as U.S. Imposes Tariffs on $50 Billion of Chinese Goods

Dow Falls as U.S. Imposes Tariffs on $50 Billion of Chinese Goods

General Motors Spikes on Report It's Considering Listing Shares of Cruise Unit

General Motors Spikes on Report It's Considering Listing Shares of Cruise Unit