Today's Stocks Driving Success For The Basic Materials Sector

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 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Basic Materials sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Celanese Corporation ( CE), up 4.2%, China Petroleum & Chemical Corporation ( SNP), up 3.3%, Magellan Midstream Partners L.P ( MMP), up 2.3%, Sherwin-Williams Company ( SHW), up 2.1% and Freeport-McMoRan Copper & Gold ( FCX), up 1.1%. On the negative front, top decliners within the sector include Continental Resources ( CLR), down 1.1%, Statoil ASA ( STO), down 1.1% and Ecopetrol S.A ( EC), down 0.8%.

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

3. Barrick Gold Corporation ( ABX) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Barrick Gold Corporation is up $0.30 (1.7%) to $17.58 on heavy volume. Thus far, 11.6 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $17.36-$17.60 after having opened the day at $17.52 as compared to the previous trading day's close of $17.28.

Barrick Gold Corporation produces and sells gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $20.9 billion and is part of the metals & mining industry. Shares are down 2.0% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Barrick Gold Corporation a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Barrick Gold 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.

2. As of noon trading, E.I. du Pont de Nemours & Company ( DD) is up $0.41 (0.6%) to $67.44 on light volume. Thus far, 1.4 million shares of E.I. du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $66.78-$67.54 after having opened the day at $67.04 as compared to the previous trading day's close of $67.03.

E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. E.I. du Pont de Nemours & Company has a market cap of $61.4 billion and is part of the chemicals industry. Shares are up 3.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate E.I. du Pont de Nemours & Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, 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 disappointing return on equity. Get the full E.I. du Pont de Nemours & 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.

1. As of noon trading, LyondellBasell Industries ( LYB) is up $1.26 (1.4%) to $93.50 on light volume. Thus far, 1.4 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 $92.31-$93.99 after having opened the day at $93.03 as compared to the previous trading day's close of $92.24.

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 $50.0 billion and is part of the chemicals industry. Shares are up 14.9% year-to-date as of the close of trading on Monday. 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).

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