Today's Top Performers In Basic Materials

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,847 as of Thursday, Dec. 5, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 1,916 declining with 131 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Cheniere Energy ( LNG), up 4.6%, Range Resources Corporation ( RRC), up 2.5%, Encana ( ECA), up 2.1%, Ecopetrol S.A ( EC), up 2.0% and FMC Technologies ( FTI), up 2.0%. On the negative front, top decliners within the sector include Precision Drilling ( PDS), down 9.4%, El Paso Pipeline Partners ( EPB), down 2.8%, Magellan Midstream Partners L.P ( MMP), down 1.9%, Kinder Morgan ( KMI), down 1.6% and Goldcorp ( GG), down 1.2%.

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

5. Cenovus Energy ( CVE) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Cenovus Energy is up $0.44 (1.5%) to $29.73 on light volume. Thus far, 212,841 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 862,200 shares. The stock has ranged in price between $29.15-$29.74 after having opened the day at $29.20 as compared to the previous trading day's close of $29.29.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. Cenovus Energy has a market cap of $22.1 billion and is part of the energy industry. The company has a P/E ratio of 37.9, above the S&P 500 P/E ratio of 17.7. Shares are down 12.9% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cenovus Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full Cenovus Energy Ratings Report now.

3x UPSIDE POTENTIAL: 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, Enbridge ( ENB) is up $0.37 (0.9%) to $40.87 on heavy volume. Thus far, 625,187 shares of Enbridge exchanged hands as compared to its average daily volume of 791,500 shares. The stock has ranged in price between $40.25-$40.98 after having opened the day at $40.60 as compared to the previous trading day's close of $40.50.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $33.9 billion and is part of the energy industry. The company has a P/E ratio of 39.4, above the S&P 500 P/E ratio of 17.7. Shares are down 6.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. Get the full Enbridge Ratings Report now.

3x UPSIDE POTENTIAL: 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, Gerdau ( GGB) is up $0.28 (3.6%) to $7.80 on average volume. Thus far, 2.3 million shares of Gerdau exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $7.62-$7.83 after having opened the day at $7.66 as compared to the previous trading day's close of $7.53.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $12.9 billion and is part of the metals & mining industry. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 16.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Gerdau a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. Get the full Gerdau Ratings Report now.

3x UPSIDE POTENTIAL: 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, Southwestern Energy Company ( SWN) is up $0.56 (1.5%) to $38.76 on light volume. Thus far, 1.2 million shares of Southwestern Energy Company exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $38.00-$38.85 after having opened the day at $38.07 as compared to the previous trading day's close of $38.20.

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil primarily in the United States. The company operates through two segments, Exploration and Production, and Midstream Services. Southwestern Energy Company has a market cap of $13.7 billion and is part of the energy industry. Shares are up 14.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Southwestern Energy Company a buy, 1 analyst rates it a sell, and 19 rate it a hold.

TheStreet Ratings rates Southwestern Energy Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. 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 Southwestern Energy Company Ratings Report now.

3x UPSIDE POTENTIAL: 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, Vale ( VALE) is up $0.33 (2.2%) to $15.24 on average volume. Thus far, 8.9 million shares of Vale exchanged hands as compared to its average daily volume of 17.8 million shares. The stock has ranged in price between $14.96-$15.31 after having opened the day at $15.03 as compared to the previous trading day's close of $14.91.

Vale S.A. engages in the research, production, and marketing of iron ore and pellets, nickel, fertilizers, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Vale has a market cap of $76.5 billion and is part of the metals & mining industry. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are down 28.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Vale a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Vale as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, 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 a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Vale Ratings Report now.

3x UPSIDE POTENTIAL: 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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