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.

3x UPSIDE POTENTIAL: 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, Goldcorp ( GG) is up $0.71 (2.4%) to $30.21 on average volume. Thus far, 4.0 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $28.76-$30.22 after having opened the day at $29.28 as compared to the previous trading day's close of $29.50.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $25.4 billion and is part of the metals & mining industry. Shares are down 14.8% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Goldcorp 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 disappointing historical performance in the stock itself. Get the full Goldcorp 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, Newmont Mining Corporation ( NEM) is up $0.69 (2.2%) to $32.03 on average volume. Thus far, 4.7 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $30.72-$32.04 after having opened the day at $31.03 as compared to the previous trading day's close of $31.34.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $16.4 billion and is part of the metals & mining industry. Shares are down 30.9% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Newmont Mining Corporation 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, Monsanto Company ( MON) is up $0.89 (0.9%) to $98.01 on light volume. Thus far, 816,786 shares of Monsanto Company exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $96.28-$98.25 after having opened the day at $97.02 as compared to the previous trading day's close of $97.12.

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. Monsanto Company has a market cap of $52.1 billion and is part of the chemicals industry. Shares are up 3.0% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Monsanto Company a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Monsanto Company 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, notable return on equity, 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 Monsanto 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.

1. As of noon trading, Occidental Petroleum Corporation ( OXY) is up $0.81 (0.9%) to $88.98 on average volume. Thus far, 1.5 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $87.95-$89.07 after having opened the day at $88.01 as compared to the previous trading day's close of $88.17.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum Corporation has a market cap of $70.8 billion and is part of the energy industry. Shares are up 14.0% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation 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 and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Occidental Petroleum Corporation 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 5 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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