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 90 points (0.6%) at 15,153 as of Tuesday, Sept. 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,842 issues advancing vs. 1,092 declining with 95 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include Goldcorp ( GG), down 5.5%, Eldorado Gold ( EGO), down 4.4%, Randgold Resources ( GOLD), down 3.8%, Silver Wheaton Corporation ( SLW), down 3.6% and Barrick Gold Corporation ( ABX), down 3.4%. Top gainers within the sector include Continental Resources ( CLR), up 3.8%, Cameco ( CCJ), up 3.9%, Vale ( VALE), up 2.8%, Agrium ( AGU), up 2.4% and Ultrapar Holdings ( UGP), up 2.1%.

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

5. Cabot Oil & Gas Corporation ( COG) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Cabot Oil & Gas Corporation is down $1.18 (-3.0%) to $37.82 on heavy volume. Thus far, 3.1 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $37.75-$39.02 after having opened the day at $39.00 as compared to the previous trading day's close of $39.00.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $16.3 billion and is part of the energy industry. Shares are up 56.8% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cabot Oil & Gas 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.

4. As of noon trading, Suncor Energy ( SU) is down $0.28 (-0.8%) to $35.17 on average volume. Thus far, 1.9 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $34.80-$35.47 after having opened the day at $35.40 as compared to the previous trading day's close of $35.45.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $52.9 billion and is part of the energy industry. Shares are up 7.5% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Suncor Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. Get the full Suncor Energy 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, Marathon Oil ( MRO) is down $0.62 (-1.7%) to $35.62 on heavy volume. Thus far, 4.9 million shares of Marathon Oil exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $35.53-$36.47 after having opened the day at $36.47 as compared to the previous trading day's close of $36.24.

Marathon Oil Corporation operates as an energy company worldwide. Marathon Oil has a market cap of $25.3 billion and is part of the energy industry. Shares are up 18.2% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Marathon Oil a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Marathon Oil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, 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 Marathon Oil 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, Hess ( HES) is down $0.92 (-1.2%) to $77.42 on average volume. Thus far, 1.3 million shares of Hess exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $77.02-$78.32 after having opened the day at $78.20 as compared to the previous trading day's close of $78.33.

Q2-10 (July 28): Increased 2010 production volume from 400-410kbd to 405-415kbd. Q2 EBITDAX $1,510m production 415kbpd, refining throughput 231kbpd. Call with IR, Sep 2010: They want to grow production and reserves 3% pr year. Maintain R/P ratio of around 10-12. Hess has a market cap of $26.5 billion and is part of the energy industry. Shares are up 46.0% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Hess a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Hess 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, Marathon Petroleum ( MPC) is down $1.36 (-1.9%) to $68.25 on average volume. Thus far, 2.2 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $68.00-$69.55 after having opened the day at $69.47 as compared to the previous trading day's close of $69.61.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. It operates through Refining & Marketing, Speedway, and Pipeline Transportation segments. Marathon Petroleum has a market cap of $22.2 billion and is part of the energy industry. Shares are up 12.5% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Marathon Petroleum a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Marathon Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Marathon Petroleum 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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