3 Stocks Pushing The Basic Materials Sector Lower

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,411 as of Monday, April 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,415 issues advancing vs. 1,576 declining with 152 unchanged.

The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Energy Transfer Partners ( ETP), down 2.1%, Ecopetrol ( EC), down 1.7% and BP ( BP), down 1.2%. Top gainers within the sector include Weatherford International ( WFT), up 3.4%, Petroleo Brasileiro SA Petrobras ( PBR), up 2.3%, PetroChina ( PTR), up 2.2%, Total ( TOT), up 1.6% and Suncor Energy ( SU), up 1.0%.

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

3. Vale ( VALE) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Vale is down $0.14 (-1.1%) to $13.37 on average volume. Thus far, 16.2 million shares of Vale exchanged hands as compared to its average daily volume of 21.9 million shares. The stock has ranged in price between $12.98-$13.44 after having opened the day at $13.22 as compared to the previous trading day's close of $13.51.

Vale S.A. is engaged in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals. Vale has a market cap of $74.4 billion and is part of the metals & mining industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are down 11.4% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Vale a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Vale as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Vale 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, EOG Resources ( EOG) is down $1.46 (-1.5%) to $97.58 on average volume. Thus far, 2.5 million shares of EOG Resources exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $97.24-$100.00 after having opened the day at $99.94 as compared to the previous trading day's close of $99.04.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $56.5 billion and is part of the energy industry. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are up 18.0% year-to-date as of the close of trading on Friday. Currently there are 21 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full EOG Resources 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, Dow Chemical ( DOW) is down $0.66 (-1.4%) to $47.84 on average volume. Thus far, 4.5 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $47.79-$48.88 after having opened the day at $48.65 as compared to the previous trading day's close of $48.50.

The Dow Chemical Company manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $59.6 billion and is part of the chemicals industry. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Dow Chemical a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Dow Chemical as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Dow Chemical 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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