5 Stocks Raising The Basic Materials Sector Higher

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 63 points (0.4%) at 14,888 as of Thursday, Aug. 29, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,979 issues advancing vs. 942 declining with 102 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Barrick Gold Corporation ( ABX), up 2.7%, LyondellBasell Industries ( LYB), up 1.2%, Kinder Morgan ( KMI), up 1.0% and Dow Chemical ( DOW), up 0.6%. On the negative front, top decliners within the sector include Statoil ASA ( STO), down 1.9%, BP ( BP), down 0.9%, Royal Dutch Shell ( RDS.A), down 0.8% and Suncor Energy ( SU), down 0.7%.

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

5. Air Products & Chemicals ( APD) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Air Products & Chemicals is up $1.62 (1.6%) to $103.09 on light volume. Thus far, 336,022 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $101.14-$103.40 after having opened the day at $101.30 as compared to the previous trading day's close of $101.47.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. Air Products & Chemicals has a market cap of $21.7 billion and is part of the chemicals industry. Shares are up 21.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Air Products & Chemicals Ratings Report now.

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