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 22 points (0.1%) at 16,095 as of Wednesday, Nov. 27, 2013, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,757 issues advancing vs. 1,109 declining with 149 unchanged. The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Laredo Petroleum Holdings ( LPI), down 5.0%, Weatherford International ( WFT), down 2.7%, Enbridge ( ENB), down 2.6%, Hess ( HES), down 2.1% and Pioneer Natural Resources Company ( PXD), down 1.5%. Top gainers within the sector include CVR Energy ( CVI), up 6.7%, Valero Energy Corporation ( VLO), up 4.3%, HollyFrontier ( HFC), up 4.2%, Marathon Petroleum ( MPC), up 4.4% and Tesoro Corporation ( TSO), up 3.4%. TheStreet would like to highlight 5 stocks pushing the sector lower today: 5. Concho Resources ( CXO) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Concho Resources is down $1.87 (-1.7%) to $105.56 on light volume. Thus far, 259,000 shares of Concho Resources exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $104.84-$107.85 after having opened the day at $106.35 as compared to the previous trading day's close of $107.43. Concho Resources Inc. operates as an independent oil and natural gas company in the United States. It engages in the acquisition, development, and exploration of oil and natural gas properties. The company principally operates in the Permian Basin region of southeast New Mexico and West Texas. Concho Resources has a market cap of $11.0 billion and is part of the energy industry. The company has a P/E ratio of 51.1, above the S&P 500 P/E ratio of 17.7. Shares are up 33.4% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Concho Resources a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Concho Resources as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Concho 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.