5 Basic Materials Stocks Dragging The Sector Down

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 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Basic Materials sector currently sits down 0.9% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Seadrill ( SDRL), down 5.8%, Newmont Mining Corporation ( NEM), down 3.8%, Pioneer Natural Resources Company ( PXD), down 3.7%, Continental Resources ( CLR), down 3.6% and Goldcorp ( GG), down 3.5%.

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

5. LyondellBasell Industries ( LYB) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, LyondellBasell Industries is down $1.97 (-2.5%) to $77.32 on heavy volume. Thus far, 3.4 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $76.88-$78.52 after having opened the day at $78.42 as compared to the previous trading day's close of $79.29.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $43.0 billion and is part of the chemicals industry. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 38.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries 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 $2.20 (-1.3%) to $167.95 on average volume. Thus far, 718,871 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $165.67-$169.37 after having opened the day at $169.30 as compared to the previous trading day's close of $170.15.

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 $46.2 billion and is part of the energy industry. The company has a P/E ratio of 41.7, above the S&P 500 P/E ratio of 17.7. Shares are up 40.9% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate EOG Resources a buy, 1 analyst rates 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, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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, Barrick Gold Corporation ( ABX) is down $0.44 (-2.7%) to $15.94 on average volume. Thus far, 8.2 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 17.6 million shares. The stock has ranged in price between $15.90-$16.27 after having opened the day at $16.18 as compared to the previous trading day's close of $16.38.

Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $19.6 billion and is part of the metals & mining industry. Shares are down 53.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation 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 Barrick Gold 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, ConocoPhillips ( COP) is down $0.93 (-1.3%) to $73.09 on light volume. Thus far, 1.7 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $72.78-$73.92 after having opened the day at $73.76 as compared to the previous trading day's close of $74.02.

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 $89.8 billion and is part of the energy industry. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are up 26.5% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate ConocoPhillips a buy, 4 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. 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.

1. As of noon trading, Halliburton Company ( HAL) is down $1.31 (-2.4%) to $53.19 on average volume. Thus far, 3.3 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $52.77-$54.53 after having opened the day at $54.33 as compared to the previous trading day's close of $54.50.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide. 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. The company has a P/E ratio of 25.9, above the S&P 500 P/E ratio of 17.7. Shares are up 57.1% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 3 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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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 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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