5 Stocks Pushing The Basic Materials 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 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.

4. As of noon trading, Whiting Petroleum Corporation ( WLL) is down $1.82 (-2.9%) to $60.11 on light volume. Thus far, 757,686 shares of Whiting Petroleum Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $59.80-$61.77 after having opened the day at $61.20 as compared to the previous trading day's close of $61.93.

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of crude oil, natural gas liquids, and natural gas in the United States. Whiting Petroleum Corporation has a market cap of $7.2 billion and is part of the energy industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 39.2% year to date as of the close of trading on Tuesday. Currently there are 19 analysts that rate Whiting Petroleum Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Whiting Petroleum Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Whiting Petroleum 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.

3. As of noon trading, Continental Resources ( CLR) is down $3.10 (-2.8%) to $108.90 on average volume. Thus far, 562,588 shares of Continental Resources exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $108.69-$111.37 after having opened the day at $110.54 as compared to the previous trading day's close of $112.00.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $20.4 billion and is part of the energy industry. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 52.4% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Continental 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.

2. As of noon trading, Marathon Oil ( MRO) is down $0.32 (-0.9%) to $36.46 on light volume. Thus far, 1.5 million shares of Marathon Oil exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $36.42-$36.92 after having opened the day at $36.60 as compared to the previous trading day's close of $36.78.

Marathon Oil Corporation operates as an energy company worldwide. Marathon Oil has a market cap of $25.7 billion and is part of the energy industry. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 20.0% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Marathon Oil a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Marathon Oil as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Marathon Oil 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, Freeport-McMoRan Copper & Gold ( FCX) is down $0.46 (-1.3%) to $34.86 on average volume. Thus far, 4.8 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $34.74-$35.47 after having opened the day at $35.31 as compared to the previous trading day's close of $35.32.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $37.2 billion and is part of the metals & mining industry. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are up 4.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Freeport-McMoRan Copper & Gold 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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