Spectra Energy Corp (SE): Today's Featured Basic Materials Laggard

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.

Spectra Energy ( SE) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.5%. By the end of trading, Spectra Energy fell $0.42 (-1.2%) to $34.37 on light volume. Throughout the day, 2,288,655 shares of Spectra Energy exchanged hands as compared to its average daily volume of 4,159,600 shares. The stock ranged in price between $34.34-$34.80 after having opened the day at $34.79 as compared to the previous trading day's close of $34.79. Other companies within the Basic Materials sector that declined today were: KiOR ( KIOR), down 21.2%, Ossen Innovation ( OSN), down 12.8%, Camac Energy ( CAK), down 12.3% and Global Geophysical Services ( GGS), down 10.2%.

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. Spectra Energy has a market cap of $23.3 billion and is part of the energy industry. Shares are up 27.2% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Spectra Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Atlatsa Resources ( ATL), up 21.5%, Earthstone Energy ( ESTE), up 18.7%, Goodrich Petroleum ( GDP), up 11.4% and China Green Agriculture ( CGA), up 10.8% , were all gainers within the basic materials sector with Phillips 66 ( PSX) being today's featured basic materials sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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