5 Basic Materials Stocks Moving The Sector Upward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 15,878 as of Tuesday, Jan. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 972 declining with 141 unchanged.

The Basic Materials sector currently sits up 0.9% versus the S&P 500, which is up 0.3%. Top gainers within the sector include ArcelorMittal ( MT), up 4.0%, Chesapeake Energy ( CHK), up 2.8%, Teck Resources ( TCK), up 2.6%, EOG Resources ( EOG), up 2.5% and Canadian Natural Resources ( CNQ), up 1.9%. On the negative front, top decliners within the sector include YPF Sociedad Anonima ( YPF), down 2.2%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.2%, Halliburton Company ( HAL), down 0.7%, E.I. du Pont de Nemours & Company ( DD), down 0.8% and Marathon Petroleum ( MPC), down 1.1%.

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

5. Spectra Energy ( SE) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Spectra Energy is up $0.38 (1.1%) to $34.90 on light volume. Thus far, 594,008 shares of Spectra Energy exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $34.52-$34.95 after having opened the day at $34.52 as compared to the previous trading day's close of $34.52.

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. Spectra Energy has a market cap of $23.2 billion and is part of the energy industry. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Spectra Energy a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, solid stock price performance 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 Spectra 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, Continental Resources ( CLR) is up $3.13 (3.0%) to $108.66 on light volume. Thus far, 376,624 shares of Continental Resources exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $105.12-$109.33 after having opened the day at $105.62 as compared to the previous trading day's close of $105.53.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $19.9 billion and is part of the energy industry. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are down 6.2% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. 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 Continental Resources 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, Noble Energy ( NBL) is up $1.03 (1.7%) to $63.17 on light volume. Thus far, 753,326 shares of Noble Energy exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $62.38-$63.46 after having opened the day at $62.85 as compared to the previous trading day's close of $62.14.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids primarily in the United States, West Africa, and Eastern Mediterranean. Noble Energy has a market cap of $22.6 billion and is part of the energy industry. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7. Shares are down 8.8% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Noble Energy a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Noble Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, increase in stock price during the past year, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Noble 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.

2. As of noon trading, Cheniere Energy ( LNG) is up $1.27 (3.0%) to $44.20 on light volume. Thus far, 788,970 shares of Cheniere Energy exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $42.93-$44.46 after having opened the day at $43.16 as compared to the previous trading day's close of $42.93.

Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. Cheniere Energy has a market cap of $10.5 billion and is part of the energy industry. Shares are up 1.6% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Cheniere Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Cheniere Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk. Get the full Cheniere 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.

1. As of noon trading, Goldcorp ( GG) is up $0.37 (1.6%) to $23.65 on light volume. Thus far, 2.6 million shares of Goldcorp exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $23.10-$23.75 after having opened the day at $23.24 as compared to the previous trading day's close of $23.28.

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 $19.5 billion and is part of the metals & mining industry. Shares are up 7.4% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who 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.

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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