5 Stocks Pushing The Basic Materials Sector Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 112 points (-0.7%) at 15,897 as of Tuesday, Dec. 3, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 970 issues advancing vs. 1,886 declining with 143 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include YPF Sociedad Anonima ( YPF), down 4.7%, Western Gas Partners ( WES), down 4.5%, Ultrapar Holdings ( UGP), down 2.6%, ArcelorMittal ( MT), down 2.5% and Phillips 66 ( PSX), down 2.2%. Top gainers within the sector include Pioneer Natural Resources Company ( PXD), up 2.5%, Williams Companies ( WMB), up 1.7%, Devon Energy ( DVN), up 1.8%, Suncor Energy ( SU), up 1.7% and Anadarko Petroleum ( APC), up 1.0%.

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

5. Goldcorp ( GG) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Goldcorp is down $0.42 (-2.0%) to $20.94 on average volume. Thus far, 4.4 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $20.91-$21.54 after having opened the day at $21.35 as compared to the previous trading day's close of $21.36.

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 $18.2 billion and is part of the metals & mining industry. Shares are down 38.8% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Goldcorp 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Goldcorp Ratings Report now.

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