Today's Stocks Driving Success For The Basic Materials Sector

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 137 points (0.8%) at 16,460 as of Monday, March 31, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,329 issues advancing vs. 681 declining with 134 unchanged.

The Basic Materials sector currently sits up 0.5% versus the S&P 500, which is up 0.9%. Top gainers within the sector include Alcoa ( AA), up 3.6%, Celanese Corporation ( CE), up 2.6%, YPF Sociedad Anonima ( YPF), up 2.3%, ArcelorMittal ( MT), up 1.9% and PPG Industries ( PPG), up 1.7%. On the negative front, top decliners within the sector include Axiall ( AXLL), down 17.5%, Anglogold Ashanti ( AU), down 3.2%, Goldcorp ( GG), down 2.1%, Barrick Gold Corporation ( ABX), down 2.0% and Continental Resources ( CLR), down 1.9%.

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

3. LyondellBasell Industries ( LYB) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, LyondellBasell Industries is up $0.86 (1.0%) to $89.24 on light volume. Thus far, 1.0 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $88.87-$89.78 after having opened the day at $89.54 as compared to the previous trading day's close of $88.38.

LyondellBasell Industries N.V., together with its subsidiaries, manufactures chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for production of polymers. LyondellBasell Industries has a market cap of $47.4 billion and is part of the chemicals industry. Shares are up 10.1% year-to-date as of the close of trading on Friday. 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.

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