ETP, MWE, MT, LYB And POT, 5 Basic Materials Stocks Pushing The 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 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%. On the negative front, top decliners within the sector include Precision Drilling ( PDS), down 9.2%, El Paso Pipeline Partners ( EPB), down 3.2%, Magellan Midstream Partners L.P ( MMP), down 1.9%, Kinder Morgan ( KMI), down 1.6% and Goldcorp ( GG), down 1.5%. Top gainers within the sector include Cheniere Energy ( LNG), up 4.6%, Range Resources Corporation ( RRC), up 2.4%, Encana ( ECA), up 2.1%, Ecopetrol S.A ( EC), up 2.0% and FMC Technologies ( FTI), up 1.9%.

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

5. Energy Transfer Partners L.P ( ETP) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Energy Transfer Partners L.P is down $0.62 (-1.1%) to $53.87 on light volume. Thus far, 163,884 shares of Energy Transfer Partners L.P exchanged hands as compared to its average daily volume of 935,600 shares. The stock has ranged in price between $53.72-$54.39 after having opened the day at $54.34 as compared to the previous trading day's close of $54.49.

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. Energy Transfer Partners L.P has a market cap of $20.7 billion and is part of the energy industry. The company has a P/E ratio of 37.5, above 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 Wednesday. Currently there are 6 analysts that rate Energy Transfer Partners L.P a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Energy Transfer Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, increase in stock price during the past year, increase in net income and growth in earnings per share. 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 Energy Transfer Partners L.P 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, MarkWest Energy Partners ( MWE) is down $1.61 (-2.4%) to $65.26 on average volume. Thus far, 495,444 shares of MarkWest Energy Partners exchanged hands as compared to its average daily volume of 776,400 shares. The stock has ranged in price between $65.03-$66.70 after having opened the day at $66.41 as compared to the previous trading day's close of $66.87.

Markwest Energy Partners, L.P., together with its subsidiaries, engages in the gathering, processing, and transportation of natural gas the United States. MarkWest Energy Partners has a market cap of $10.2 billion and is part of the energy industry. The company has a P/E ratio of 137.7, above the S&P 500 P/E ratio of 17.7. Shares are up 31.1% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate MarkWest Energy Partners a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates MarkWest Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full MarkWest Energy Partners 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, ArcelorMittal ( MT) is down $0.21 (-1.2%) to $16.86 on average volume. Thus far, 2.1 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $16.85-$17.06 after having opened the day at $17.05 as compared to the previous trading day's close of $17.07.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $26.4 billion and is part of the metals & mining industry. Shares are down 2.3% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally high debt management risk. Get the full ArcelorMittal 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, LyondellBasell Industries ( LYB) is down $1.34 (-1.8%) to $75.22 on light volume. Thus far, 1.2 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 $75.11-$76.36 after having opened the day at $76.20 as compared to the previous trading day's close of $76.56.

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 $42.6 billion and is part of the chemicals industry. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 34.1% year to date as of the close of trading on Wednesday. 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.

1. As of noon trading, Potash Corporation of Saskatchewan ( POT) is down $0.43 (-1.3%) to $31.77 on light volume. Thus far, 1.8 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $31.60-$32.12 after having opened the day at $32.07 as compared to the previous trading day's close of $32.20.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $27.4 billion and is part of the chemicals industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are down 20.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Potash Corporation of Saskatchewan a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 weak operating cash flow. Get the full Potash Corporation of Saskatchewan 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).

null

More from Markets

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries