5 Basic Materials Stocks On The Rise

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 58 points (0.4%) at 15,069 as of Tuesday, Aug. 20, 2013, 1:04 PM ET. The NYSE advances/declines ratio sits at 2,347 issues advancing vs. 659 declining with 81 unchanged.

The Basic Materials sector currently sits up 1.0% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Marathon Oil ( MRO), up 2.5%, Cabot Oil & Gas Corporation ( COG), up 2.5%, Barrick Gold Corporation ( ABX), up 2.5%, Continental Resources ( CLR), up 2.2% and Newmont Mining Corporation ( NEM), up 2.5%. On the negative front, top decliners within the sector include Teck Resources ( TCK), down 1.9%, ArcelorMittal ( MT), down 1.7%, Statoil ASA ( STO), down 1.1% and Petroleo Brasileiro SA Petrobras ( PBR), down 0.5%.

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

5. Anadarko Petroleum ( APC) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Anadarko Petroleum is up $1.23 (1.4%) to $90.18 on light volume. Thus far, 1.1 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $88.82-$90.39 after having opened the day at $89.13 as compared to the previous trading day's close of $88.95.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. Anadarko Petroleum has a market cap of $45.9 billion and is part of the energy industry. Shares are up 23.2% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Anadarko Petroleum Ratings Report now.

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