5 Stocks Pushing The Basic Materials Sector Downward

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%. 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%. 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%.

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

5. Talisman Energy ( TLM) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Talisman Energy is down $0.34 (-3.1%) to $10.74 on average volume. Thus far, 2.3 million shares of Talisman Energy exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $10.72-$11.04 after having opened the day at $11.04 as compared to the previous trading day's close of $11.08.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. Talisman Energy has a market cap of $11.6 billion and is part of the energy industry. Shares are down 2.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Talisman Energy a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Talisman Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. Get the full Talisman Energy 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 $0.40 (-0.9%) to $42.28 on light volume. Thus far, 328,464 shares of Enbridge exchanged hands as compared to its average daily volume of 985,900 shares. The stock has ranged in price between $42.08-$42.80 after having opened the day at $42.70 as compared to the previous trading day's close of $42.68.

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 $35.6 billion and is part of the energy industry. Shares are down 0.8% year to date as of the close of trading on Monday. 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, compelling growth in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. 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, Plains All American Pipeline ( PAA) is down $0.93 (-1.7%) to $53.32 on average volume. Thus far, 653,161 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $53.13-$54.27 after having opened the day at $54.04 as compared to the previous trading day's close of $54.25.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. Plains All American Pipeline has a market cap of $19.1 billion and is part of the energy industry. Shares are up 19.9% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Plains All American Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Plains All American Pipeline 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, InterOil Corporation ( IOC) is down $8.10 (-9.7%) to $75.88 on heavy volume. Thus far, 1.8 million shares of InterOil Corporation exchanged hands as compared to its average daily volume of 768,000 shares. The stock has ranged in price between $71.01-$82.00 after having opened the day at $82.00 as compared to the previous trading day's close of $83.98.

InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company operates in four segments: Upstream, Midstream, Downstream, and Corporate. InterOil Corporation has a market cap of $4.2 billion and is part of the energy industry. Shares are up 53.7% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates InterOil Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates InterOil 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 largely solid financial position with reasonable debt levels by most measures. 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. Get the full InterOil 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.

1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is down $0.53 (-1.7%) to $31.32 on average volume. Thus far, 6.7 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 17.2 million shares. The stock has ranged in price between $31.26-$31.95 after having opened the day at $31.94 as compared to the previous trading day's close of $31.85.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $30.0 billion and is part of the metals & mining industry. Shares are down 7.6% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. 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 poor profit margins. Get the full Freeport-McMoRan Copper & Gold 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 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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