5 Basic Materials Stocks Pushing Sector Growth

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 14 points (0.1%) at 16,024 as of Friday, Nov. 22, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,437 issues advancing vs. 1,443 declining with 136 unchanged.

The Basic Materials sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras ( PBR), up 1.6%, Energy Transfer Partners L.P ( ETP), up 1.6%, Marathon Petroleum ( MPC), up 1.4%, Vale ( VALE), up 1.3% and Total ( TOT), up 1.2%. On the negative front, top decliners within the sector include Nucor ( NUE), down 2.4%, China Petroleum & Chemical Corporation ( SNP), down 2.3%, Continental Resources ( CLR), down 2.1%, Southern Copper Corporation ( SCCO), down 1.8% and Canadian Natural Resources ( CNQ), down 1.3%.

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

5. Plains All American Pipeline ( PAA) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Plains All American Pipeline is up $0.92 (1.8%) to $52.39 on average volume. Thus far, 424,729 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $51.49-$52.40 after having opened the day at $51.73 as compared to the previous trading day's close of $51.47.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. Plains All American Pipeline has a market cap of $17.5 billion and is part of the energy industry. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Plains All American Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, reasonable valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Plains All American Pipeline Ratings Report now.

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