DDC, AU, SLW, GG And PBR, 5 Basic Materials Stocks Pushing The Sector Lower

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 42 points (-0.3%) at 15,487 as of Wednesday, Sept. 18, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 930 issues advancing vs. 1,976 declining with 128 unchanged.

The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Halliburton Company ( HAL), down 1.0%, Marathon Petroleum ( MPC), down 1.1%, Canadian Natural Resources ( CNQ), down 0.9%, Total ( TOT), down 0.7% and Apache Corporation ( APA), down 0.7%. Top gainers within the sector include Kinder Morgan ( KMI), up 2.5%, Monsanto Company ( MON), up 1.6%, Kinder Morgan Energy Partners ( KMP), up 1.2%, Freeport-McMoRan Copper & Gold ( FCX), up 0.9% and Air Products & Chemicals ( APD), up 1.0%.

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

5. Dominion Diamond ( DDC) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Dominion Diamond is down $3.55 (-21.5%) to $12.95 on light volume. Thus far, 42,721 shares of Dominion Diamond exchanged hands as compared to its average daily volume of 245,300 shares. The stock has ranged in price between $12.94-$13.01 after having opened the day at $13.01 as compared to the previous trading day's close of $16.50.

Dominion Diamond Corporation engages in the mining and marketing of rough diamonds. The company owns a controlling interest in the Ekati Diamond Mine; and a 40% ownership interest in the Diavik Diamond Mine located in Canada's Northwest Territories. Dominion Diamond has a market cap of $1.1 billion and is part of the metals & mining industry. Shares are down 7.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Dominion Diamond a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Dominion Diamond as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full Dominion Diamond 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, Anglogold Ashanti ( AU) is down $0.54 (-4.1%) to $12.60 on average volume. Thus far, 2.2 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $12.55-$12.88 after having opened the day at $12.83 as compared to the previous trading day's close of $13.13.

AngloGold Ashanti Limited engages in the exploration, production, and marketing of gold. It also produces by-products, such as silver, uranium, and sulfuric acid. Anglogold Ashanti has a market cap of $5.0 billion and is part of the metals & mining industry. Shares are down 58.8% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Anglogold Ashanti a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Anglogold Ashanti 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, generally high debt management risk, disappointing return on equity and weak operating cash flow. Get the full Anglogold Ashanti 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, Silver Wheaton Corporation ( SLW) is down $0.56 (-2.3%) to $24.05 on average volume. Thus far, 2.4 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $23.94-$24.50 after having opened the day at $24.42 as compared to the previous trading day's close of $24.61.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $8.6 billion and is part of the metals & mining industry. Shares are down 33.0% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Silver Wheaton Corporation 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, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Silver Wheaton 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.

2. As of noon trading, Goldcorp ( GG) is down $0.34 (-1.3%) to $25.97 on average volume. Thus far, 3.8 million shares of Goldcorp exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $25.81-$26.12 after having opened the day at $25.99 as compared to the previous trading day's close of $26.31.

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 $21.1 billion and is part of the metals & mining industry. Shares are down 29.1% year to date as of the close of trading on Tuesday. 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.

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, Petroleo Brasileiro SA Petrobras ( PBR) is down $0.22 (-1.4%) to $15.38 on light volume. Thus far, 6.4 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 19.2 million shares. The stock has ranged in price between $15.32-$15.63 after having opened the day at $15.63 as compared to the previous trading day's close of $15.59.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $100.2 billion and is part of the energy industry. Shares are down 21.1% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras 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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