Chevron Corp (CVX): Today's Featured Basic Materials Winner

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.

Chevron ( CVX) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.4%. By the end of trading, Chevron rose $1.30 (1.1%) to $124.81 on light volume. Throughout the day, 3,395,313 shares of Chevron exchanged hands as compared to its average daily volume of 6,060,200 shares. The stock ranged in a price between $123.55-$124.99 after having opened the day at $123.60 as compared to the previous trading day's close of $123.51. Other companies within the Basic Materials sector that increased today were: USEC ( USU), up 27.1%, General Moly ( GMO), up 27.0%, HyperDynamics Corporation ( HDY), up 20.6% and Rubicon Minerals ( RBY), up 19.2%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $237.5 billion and is part of the energy industry. Shares are up 14.2% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Chevron a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the negative front, Northern Dynasty Minerals ( NAK), down 9.8%, Dejour Energy ( DEJ), down 7.8%, MagneGas Corporation ( MNGA), down 6.4% and Minco Gold Corporation ( MGH), down 6.3% , were all laggards within the basic materials sector with SM Energy ( SM) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat