Suncor Energy Inc (SU): Today's Featured Basic Materials Winner

Suncor Energy ( SU) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.6%. By the end of trading, Suncor Energy rose $1.16 (3.8%) to $31.72 on average volume. Throughout the day, 6,357,690 shares of Suncor Energy exchanged hands as compared to its average daily volume of 5,191,700 shares. The stock ranged in a price between $30.84-$31.79 after having opened the day at $31.03 as compared to the previous trading day's close of $30.56. Other companies within the Basic Materials sector that increased today were: Minco Gold Corporation ( MGH), up 19.4%, Golden Star Resources ( GSS), up 17.5%, Cardero Resources Corporation ( CDY), up 14.3% and BPZ Resources ( BPZ), up 13.8%.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $45.8 billion and is part of the energy industry. Shares are down 7.3% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Suncor Energy 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 reasonable valuation levels. 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.

On the negative front, Sibanye Gold Ltd ADR ( SBGL), down 38.9%, China Gengsheng Minerals ( CHGS), down 18.3%, Crosshair Energy ( CXZ), down 12.0% and BioAmber ( BIOA), down 7.1% , were all laggards within the basic materials sector with Ultra Petroleum Corporation ( UPL) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, 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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