5 Basic Materials Stocks Driving The Sector Higher

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 15,444 as of Tuesday, July 16, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Barrick Gold Corporation ( ABX), up 6.4%, Kinross Gold Corporation ( KGC), up 6.0%, Yamana Gold ( AUY), up 5.2%, Randgold Resources ( GOLD), up 5.1% and Ecopetrol S.A ( EC), up 1.7%. On the negative front, top decliners within the sector include Axiall ( AXLL), down 22.0%, Marathon Petroleum ( MPC), down 4.3%, El Paso Pipeline Partners ( EPB), down 3.1%, Phillips 66 ( PSX), down 2.3% and Energy Transfer Partners L.P ( ETP), down 2.0%.

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

5. ArcelorMittal ( MT) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, ArcelorMittal is up $0.21 (1.7%) to $12.29 on light volume. Thus far, 2.1 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $12.22-$12.33 after having opened the day at $12.31 as compared to the previous trading day's close of $12.08.

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 $18.9 billion and is part of the metals & mining industry. Shares are down 30.9% year to date as of the close of trading on Monday. 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. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. 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.

3x UPSIDE POTENTIAL: 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, Silver Wheaton Corporation ( SLW) is up $0.80 (3.9%) to $21.36 on average volume. Thus far, 2.7 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $20.74-$21.48 after having opened the day at $20.80 as compared to the previous trading day's close of $20.56.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $7.3 billion and is part of the metals & mining industry. Shares are down 43.3% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Silver Wheaton Corporation 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, Royal Dutch Shell ( RDS.A) is up $0.66 (1.0%) to $67.05 on average volume. Thus far, 1.2 million shares of Royal Dutch Shell exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $66.83-$67.20 after having opened the day at $67.04 as compared to the previous trading day's close of $66.39.

Royal Dutch Shell plc operates as an independent oil and gas company worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. Royal Dutch Shell has a market cap of $212.5 billion and is part of the energy industry. Shares are down 2.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Royal Dutch Shell as a buy. The company's strengths can be seen in multiple areas, such as its 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 has had sub par growth in net income. Get the full Royal Dutch Shell 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, Goldcorp ( GG) is up $1.10 (4.3%) to $26.82 on average volume. Thus far, 4.5 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 $25.76-$26.93 after having opened the day at $25.78 as compared to the previous trading day's close of $25.71.

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 $20.9 billion and is part of the metals & mining industry. Shares are down 29.9% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 4 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.

1. As of noon trading, Newmont Mining Corporation ( NEM) is up $1.00 (3.6%) to $28.56 on average volume. Thus far, 4.9 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $27.73-$28.74 after having opened the day at $27.78 as compared to the previous trading day's close of $27.57.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $13.5 billion and is part of the metals & mining industry. Shares are down 40.9% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Newmont Mining Corporation 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 5 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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