Today's Top Performers In Basic Materials

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 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Basic Materials sector currently sits up 0.4% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Alcoa ( AA), up 3.5%, China Petroleum & Chemical Corporation ( SNP), up 3.2%, Energy Transfer Equity ( ETE), up 3.1%, POSCO ( PKX), up 2.9% and Crescent Point Energy ( CPG), up 2.3%. On the negative front, top decliners within the sector include Transocean ( RIG), down 2.5%, Apache Corporation ( APA), down 2.4%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 2.5%, Seadrill ( SDRL), down 2.1% and Kinder Morgan ( KMI), down 1.0%.

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 $1.11 (1.3%) to $88.15 on light volume. Thus far, 1.2 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 $86.91-$88.20 after having opened the day at $87.26 as compared to the previous trading day's close of $87.04.

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 $47.3 billion and is part of the chemicals industry. Shares are up 8.4% 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.

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