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 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Basic Materials sector currently sits up 0.8% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include ArcelorMittal ( MT), down 2.9%, Marathon Petroleum ( MPC), down 2.6%, Alcoa ( AA), down 2.1%, Potash Corporation of Saskatchewan ( POT), down 1.6% and Valero Energy Corporation ( VLO), down 1.6%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras ( PBR), up 3.6%, Pioneer Natural Resources Company ( PXD), up 3.4%, Newmont Mining Corporation ( NEM), up 3.4%, Barrick Gold Corporation ( ABX), up 3.4% and Vale ( VALE), up 2.5%.

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

3. Imperial Oil ( IMO) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Imperial Oil is down $0.34 (-0.7%) to $46.67 on average volume. Thus far, 131,577 shares of Imperial Oil exchanged hands as compared to its average daily volume of 257,600 shares. The stock has ranged in price between $46.18-$46.74 after having opened the day at $46.67 as compared to the previous trading day's close of $47.01.

Imperial Oil Limited is engaged in the exploration for, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $39.5 billion and is part of the energy industry. Shares are up 5.2% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Imperial Oil a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Imperial Oil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Imperial Oil 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, China Petroleum & Chemical Corporation ( SNP) is down $0.48 (-0.5%) to $89.82 on light volume. Thus far, 52,239 shares of China Petroleum & Chemical Corporation exchanged hands as compared to its average daily volume of 241,800 shares. The stock has ranged in price between $89.43-$90.03 after having opened the day at $89.82 as compared to the previous trading day's close of $90.30.

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, is engaged in the oil and gas, and chemical operations in the People's Republic of China. China Petroleum & Chemical Corporation has a market cap of $104.3 billion and is part of the energy industry. Shares are up 9.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates China Petroleum & Chemical Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Petroleum & Chemical Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full China Petroleum & Chemical Corporation 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, Agrium ( AGU) is down $1.88 (-1.9%) to $95.64 on heavy volume. Thus far, 995,696 shares of Agrium exchanged hands as compared to its average daily volume of 745,400 shares. The stock has ranged in price between $93.50-$95.97 after having opened the day at $95.00 as compared to the previous trading day's close of $97.52.

Agrium Inc. produces, retails, and distributes the crop nutrients, crop protection products, seeds, and agronomics primarily in North America, South America, Europe, and Australia. The company operates through two segments, Retail and Wholesale. Agrium has a market cap of $14.0 billion and is part of the chemicals industry. Shares are up 6.6% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Agrium a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Agrium 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 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).

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