5 Stocks Boosting The Basic Materials Sector Higher

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Valspar Corporation ( VAL), up 6.3%, Continental Resources ( CLR), up 2.6%, Canadian Natural Resources ( CNQ), up 2.2%, Imperial Oil ( IMO), up 2.0% and Enbridge ( ENB), up 2.0%. On the negative front, top decliners within the sector include Seadrill ( SDRL), down 3.7%, Williams Companies ( WMB), down 2.2%, Newmont Mining Corporation ( NEM), down 2.0%, Gerdau ( GGB), down 1.9% and Goldcorp ( GG), down 1.6%.

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

5. Talisman Energy ( TLM) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Talisman Energy is up $0.39 (3.7%) to $11.00 on heavy volume. Thus far, 6.2 million shares of Talisman Energy exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $10.34-$11.07 after having opened the day at $10.45 as compared to the previous trading day's close of $10.61.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. Talisman Energy has a market cap of $10.9 billion and is part of the energy industry. Shares are down 8.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Talisman Energy a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Talisman Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally high debt management risk. Get the full Talisman Energy Ratings Report now.

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