4 Basic Materials Stocks Moving The Sector Upward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 44 points (0.3%) at 15,464 as of Tuesday, Aug. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,183 issues advancing vs. 1,800 declining with 78 unchanged.

The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Schlumberger ( SLB), up 2.5%, Monsanto Company ( MON), up 1.6%, Halliburton Company ( HAL), up 1.4%, Dow Chemical ( DOW), up 1.4% and ConocoPhillips ( COP), up 1.4%. On the negative front, top decliners within the sector include Valspar Corporation ( VAL), down 7.3%, Southern Copper Corporation ( SCCO), down 4.0%, Barrick Gold Corporation ( ABX), down 2.9%, Newmont Mining Corporation ( NEM), down 3.0% and Continental Resources ( CLR), down 2.5%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Tenaris ( TS) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Tenaris is up $0.54 (1.2%) to $46.90 on light volume. Thus far, 405,669 shares of Tenaris exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $46.36-$46.96 after having opened the day at $46.60 as compared to the previous trading day's close of $46.36.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $27.5 billion and is part of the industrial industry. Shares are up 11.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Tenaris a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. 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, expanding profit margins, notable return on equity 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 Tenaris 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, Weatherford International ( WFT) is up $0.43 (3.0%) to $14.92 on heavy volume. Thus far, 5.3 million shares of Weatherford International exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $14.49-$15.01 after having opened the day at $14.51 as compared to the previous trading day's close of $14.49.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International has a market cap of $11.1 billion and is part of the energy industry. Shares are up 29.8% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Weatherford International a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. Get the full Weatherford International 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, LyondellBasell Industries ( LYB) is up $1.73 (2.5%) to $70.03 on average volume. Thus far, 1.8 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $68.12-$70.09 after having opened the day at $68.48 as compared to the previous trading day's close of $68.30.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $39.5 billion and is part of the chemicals industry. Shares are up 19.6% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries 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 $0.34 (0.6%) to $59.77 on average volume. Thus far, 2.2 million shares of E.I. du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $59.06-$59.86 after having opened the day at $59.85 as compared to the previous trading day's close of $59.43.

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 $55.2 billion and is part of the chemicals industry. Shares are up 33.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate E.I. du Pont de Nemours & Company a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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 4 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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