5 Stocks Underperforming Today In The Basic Materials Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 15,303 as of Thursday, Sept. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 960 issues advancing vs. 1,922 declining with 143 unchanged.

The Basic Materials sector currently sits down 0.8% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Goldcorp ( GG), down 5.7%, Silver Wheaton Corporation ( SLW), down 4.9%, Barrick Gold Corporation ( ABX), down 4.3%, Newmont Mining Corporation ( NEM), down 3.2% and Valero Energy Corporation ( VLO), down 3.2%. A company within the sector that increased today was Suncor Energy ( SU), up 0.6%.

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

5. Teck Resources ( TCK) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Teck Resources is down $1.05 (-3.7%) to $27.54 on average volume. Thus far, 1.2 million shares of Teck Resources exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $27.34-$28.02 after having opened the day at $27.94 as compared to the previous trading day's close of $28.59.

In October 2008, TCK completed its acquisition of Fording Canadian Coal. TCK already owned 19.9% of Fording, and agreed to acquire the remainder for a combination of cash (approximately 84%) and stock. Teck Resources has a market cap of $16.2 billion and is part of the metals & mining industry. Shares are down 21.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Teck Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Teck Resources as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Teck 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.

4. As of noon trading, Weatherford International ( WFT) is down $0.84 (-5.3%) to $14.90 on heavy volume. Thus far, 23.5 million shares of Weatherford International exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $14.63-$15.00 after having opened the day at $14.87 as compared to the previous trading day's close of $15.74.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International has a market cap of $12.0 billion and is part of the energy industry. Shares are up 39.3% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Weatherford International a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Weatherford International 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, National Oilwell Varco ( NOV) is down $1.09 (-1.4%) to $77.64 on average volume. Thus far, 1.3 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $77.54-$78.52 after having opened the day at $78.35 as compared to the previous trading day's close of $78.73.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $33.6 billion and is part of the energy industry. Shares are up 15.0% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates National Oilwell Varco 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full National Oilwell Varco 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, Dow Chemical ( DOW) is down $0.91 (-2.3%) to $38.94 on average volume. Thus far, 4.7 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $38.89-$40.24 after having opened the day at $39.70 as compared to the previous trading day's close of $39.85.

The Dow Chemical Company manufactures and supplies chemical products for use as raw materials worldwide. Dow Chemical has a market cap of $48.4 billion and is part of the chemicals industry. Shares are up 23.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Dow Chemical a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Dow Chemical as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Dow Chemical 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, Halliburton Company ( HAL) is down $1.01 (-2.0%) to $49.18 on average volume. Thus far, 6.0 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $48.96-$49.72 after having opened the day at $49.44 as compared to the previous trading day's close of $50.19.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $46.0 billion and is part of the energy industry. Shares are up 45.1% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Halliburton 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Halliburton Company 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 3 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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