5 Stocks Dragging 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 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%. 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%. 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%.

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

5. Total ( TOT) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Total is down $0.99 (-1.7%) to $55.92 on heavy volume. Thus far, 1.3 million shares of Total exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $55.80-$56.24 after having opened the day at $55.88 as compared to the previous trading day's close of $56.91.

TOTAL S.A., together with its subsidiaries, operates as a oil and gas company worldwide. The company operates in three segments: Upstream, Refining and Chemicals, and Marketing and Services. Total has a market cap of $126.8 billion and is part of the energy industry. Shares are up 7.0% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Total a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Total as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Total 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, EOG Resources ( EOG) is down $1.42 (-0.9%) to $158.04 on light volume. Thus far, 419,339 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $157.76-$159.30 after having opened the day at $158.66 as compared to the previous trading day's close of $159.46.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $42.8 billion and is part of the energy industry. Shares are up 29.4% year to date as of the close of trading on Wednesday. Currently there are 20 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EOG Resources 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, ConocoPhillips ( COP) is down $0.48 (-0.7%) to $66.30 on light volume. Thus far, 2.0 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $66.00-$66.55 after having opened the day at $66.51 as compared to the previous trading day's close of $66.77.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. ConocoPhillips has a market cap of $81.1 billion and is part of the energy industry. Shares are up 13.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate ConocoPhillips a buy, 4 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full ConocoPhillips 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, Chevron ( CVX) is down $0.96 (-0.8%) to $120.85 on average volume. Thus far, 2.3 million shares of Chevron exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $120.71-$121.56 after having opened the day at $121.15 as compared to the previous trading day's close of $121.81.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $229.6 billion and is part of the energy industry. Shares are up 9.9% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Chevron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Chevron 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, Exxon Mobil Corporation ( XOM) is down $1.17 (-1.3%) to $87.67 on average volume. Thus far, 4.7 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 12.4 million shares. The stock has ranged in price between $87.60-$88.63 after having opened the day at $88.63 as compared to the previous trading day's close of $88.84.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. Exxon Mobil Corporation has a market cap of $383.3 billion and is part of the energy industry. Shares are up 0.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Exxon Mobil 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.

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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