3 Basic Materials Stocks Pushing Sector Growth

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 31 points (0.2%) at 16,439 as of Monday, April 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,695 issues advancing vs. 1,308 declining with 151 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Halliburton Company ( HAL), up 2.5%, Baker Hughes ( BHI), up 2.4%, Phillips 66 ( PSX), up 2.2%, Schlumberger ( SLB), up 1.9% and Occidental Petroleum Corporation ( OXY), up 0.8%. On the negative front, top decliners within the sector include Barrick Gold Corporation ( ABX), down 3.5%, POSCO ( PKX), down 2.1%, Talisman Energy ( TLM), down 2.1%, Pioneer Natural Resources Company ( PXD), down 1.7% and Kinder Morgan ( KMI), down 1.4%.

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

3. Potash Corporation of Saskatchewan ( POT) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Potash Corporation of Saskatchewan is up $0.33 (0.9%) to $35.23 on average volume. Thus far, 2.1 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $34.95-$35.28 after having opened the day at $34.95 as compared to the previous trading day's close of $34.90.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products worldwide. It mines and produces potash, which is primarily used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $29.8 billion and is part of the chemicals industry. Shares are up 5.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Potash Corporation of Saskatchewan a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full Potash Corporation of Saskatchewan Ratings Report now.

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2. As of noon trading, Cheniere Energy ( LNG) is up $1.02 (1.8%) to $56.30 on light volume. Thus far, 1.3 million shares of Cheniere Energy exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $55.01-$56.62 after having opened the day at $55.50 as compared to the previous trading day's close of $55.28.

Cheniere Energy, Inc., an energy company, is engaged in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. Cheniere Energy has a market cap of $13.2 billion and is part of the energy industry. Shares are up 28.2% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Cheniere Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Cheniere Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Cheniere Energy 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, Newmont Mining Corporation ( NEM) is up $1.40 (6.0%) to $24.94 on heavy volume. Thus far, 10.0 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 10.1 million shares. The stock has ranged in price between $24.67-$25.46 after having opened the day at $25.45 as compared to the previous trading day's close of $23.54.

Newmont Mining Corporation, together with its subsidiaries, acquires, explores for, and produces gold, copper, and silver deposits. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Mexico, and Suriname. Newmont Mining Corporation has a market cap of $11.7 billion and is part of the metals & mining industry. Shares are up 2.2% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Newmont Mining Corporation a buy, 4 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Newmont Mining Corporation 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).
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