5 Stocks Dragging The Basic Materials Sector Downward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Penn West Petroleum ( PWE), down 8.4%, Eastman Chemical Company ( EMN), down 2.7%, Newmont Mining Corporation ( NEM), down 2.4%, Teck Resources ( TCK), down 2.3% and Barrick Gold Corporation ( ABX), down 2.2%. Top gainers within the sector include Cabot Oil & Gas Corporation ( COG), up 2.5%, Anadarko Petroleum ( APC), up 2.4%, Chesapeake Energy ( CHK), up 2.1%, Petroleo Brasileiro SA Petrobras ( PBR), up 1.6% and Vale ( VALE), up 1.3%.

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

5. PPG Industries ( PPG) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, PPG Industries is down $2.49 (-1.3%) to $187.51 on average volume. Thus far, 311,194 shares of PPG Industries exchanged hands as compared to its average daily volume of 783,800 shares. The stock has ranged in price between $187.35-$190.69 after having opened the day at $190.42 as compared to the previous trading day's close of $190.00.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $26.9 billion and is part of the chemicals industry. The company has a P/E ratio of 26.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, increase in net income and solid stock price performance. 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 PPG 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.

4. As of noon trading, Potash Corporation of Saskatchewan ( POT) is down $0.54 (-1.6%) to $33.20 on average volume. Thus far, 2.8 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $33.11-$33.69 after having opened the day at $33.65 as compared to the previous trading day's close of $33.74.

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 $29.4 billion and is part of the chemicals industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Potash Corporation of Saskatchewan a buy, 1 analyst rates it a sell, and 13 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.

3. As of noon trading, LyondellBasell Industries ( LYB) is down $1.47 (-1.8%) to $79.48 on average volume. Thus far, 2.0 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $78.91-$81.43 after having opened the day at $81.21 as compared to the previous trading day's close of $80.95.

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 $45.0 billion and is part of the chemicals industry. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 11 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.

2. As of noon trading, E.I. du Pont de Nemours & Company ( DD) is down $0.58 (-0.9%) to $63.15 on light volume. Thus far, 984,774 shares of E.I. du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $63.11-$64.00 after having opened the day at $63.93 as compared to the previous trading day's close of $63.73.

E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. E.I. du Pont de Nemours & Company has a market cap of $59.3 billion and is part of the chemicals industry. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate E.I. du Pont de Nemours & Company a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full E.I. du Pont de Nemours & Company 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, Monsanto Company ( MON) is down $2.32 (-2.0%) to $111.18 on average volume. Thus far, 999,218 shares of Monsanto Company exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $111.17-$113.46 after having opened the day at $113.39 as compared to the previous trading day's close of $113.50.

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. Monsanto Company has a market cap of $59.4 billion and is part of the chemicals industry. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Monsanto Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Monsanto Company 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, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Monsanto Company 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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