3 Stocks Moving The Basic Materials 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include China Petroleum & Chemical Corporation ( SNP), up 3.6%, Alcoa ( AA), up 2.8%, EOG Resources ( EOG), up 2.1%, Freeport-McMoRan Copper & Gold ( FCX), up 2.1% and Seadrill ( SDRL), up 1.8%. On the negative front, top decliners within the sector include Apache Corporation ( APA), down 3.4%, Ecopetrol S.A ( EC), down 3.4%, Barrick Gold Corporation ( ABX), down 2.2%, Kinder Morgan ( KMI), down 1.9% and Goldcorp ( GG), down 1.5%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Newfield Exploration Company ( NFX) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Newfield Exploration Company is up $2.23 (8.7%) to $27.89 on heavy volume. Thus far, 5.5 million shares of Newfield Exploration Company exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $26.07-$28.35 after having opened the day at $26.18 as compared to the previous trading day's close of $25.66.

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its areas of operation include the Mid-Continent, the Rocky Mountains, and onshore Gulf Coast, as well as Malaysia and China. Newfield Exploration Company has a market cap of $3.4 billion and is part of the energy industry. Shares are up 2.8% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Newfield Exploration Company a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Newfield Exploration Company as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity. Get the full Newfield Exploration Company 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, Weatherford International ( WFT) is up $0.40 (2.6%) to $15.98 on heavy volume. Thus far, 8.1 million shares of Weatherford International exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $15.73-$16.60 after having opened the day at $15.99 as compared to the previous trading day's close of $15.58.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International has a market cap of $12.0 billion and is part of the energy industry. Shares are up 0.7% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Weatherford International a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full Weatherford International 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, LyondellBasell Industries ( LYB) is up $0.70 (0.8%) to $87.00 on light volume. Thus far, 875,814 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $86.18-$87.17 after having opened the day at $86.39 as compared to the previous trading day's close of $86.30.

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 $47.0 billion and is part of the chemicals industry. Shares are up 7.5% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who 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, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries 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 3 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

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists