5 Stocks Pushing The Basic Materials Sector Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Petroleo Brasileiro SA Petrobras ( PBR), down 1.7%, Imperial Oil ( IMO), down 1.3%, Phillips 66 ( PSX), down 1.3%, Exxon Mobil Corporation ( XOM), down 0.9% and Statoil ASA ( STO), down 0.8%. Top gainers within the sector include Teck Resources ( TCK), up 1.9%, Williams Partners ( WPZ), up 1.9% and Dow Chemical ( DOW), up 0.8%.

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

5. PetroChina ( PTR) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, PetroChina is down $1.08 (-0.9%) to $116.79 on light volume. Thus far, 46,486 shares of PetroChina exchanged hands as compared to its average daily volume of 157,900 shares. The stock has ranged in price between $116.70-$117.48 after having opened the day at $117.06 as compared to the previous trading day's close of $117.87.

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $218.0 billion and is part of the energy industry. Shares are down 18.0% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate PetroChina a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full PetroChina 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, Enbridge ( ENB) is down $0.36 (-0.8%) to $44.23 on light volume. Thus far, 96,685 shares of Enbridge exchanged hands as compared to its average daily volume of 978,500 shares. The stock has ranged in price between $44.12-$44.59 after having opened the day at $44.57 as compared to the previous trading day's close of $44.59.

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 $36.8 billion and is part of the energy industry. Shares are up 2.9% year to date as of the close of trading on Friday. 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.

3. As of noon trading, Enterprise Products Partners ( EPD) is down $0.40 (-0.6%) to $61.69 on average volume. Thus far, 623,957 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 $61.30-$62.49 after having opened the day at $62.05 as compared to the previous trading day's close of $62.09.

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 $57.1 billion and is part of the energy industry. Shares are up 24.0% year to date as of the close of trading on Friday. Currently there are 15 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 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 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.

2. As of noon trading, Axiall ( AXLL) is down $9.47 (-17.4%) to $45.11 on average volume. Thus far, 819,905 shares of Axiall exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $44.41-$45.93 after having opened the day at $45.77 as compared to the previous trading day's close of $54.58.

Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia. Axiall has a market cap of $3.2 billion and is part of the chemicals industry. Shares are up 10.6% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Axiall a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Axiall 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, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Axiall 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, Petroleo Brasileiro SA Petrobras ( PBR.A) is down $0.28 (-1.9%) to $14.50 on light volume. Thus far, 1.7 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $14.50-$14.75 after having opened the day at $14.74 as compared to the previous trading day's close of $14.78.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $96.6 billion and is part of the energy industry. Shares are down 23.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. 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. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. Get the full Petroleo Brasileiro SA Petrobras 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 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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