3 Basic Materials Stocks Pushing The Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 87 points (0.5%) at 16,606 as of Thursday, May 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,938 issues advancing vs. 1,065 declining with 159 unchanged.

The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Total ( TOT), up 1.9%, Spectra Energy ( SE), up 1.6%, China Petroleum & Chemical ( SNP), up 1.0%, PetroChina ( PTR), up 0.8% and Royal Dutch Shell ( RDS.B), up 0.7%. On the negative front, top decliners within the sector include Continental Resources ( CLR), down 5.7%, Sunoco Logistics Partners ( SXL), down 3.3%, Plains All American Pipeline ( PAA), down 3.1%, Devon Energy ( DVN), down 2.8% and Energy Transfer Partners ( ETP), down 2.3%.

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

3. E I du Pont de Nemours & Company ( DD) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, E I du Pont de Nemours & Company is up $0.51 (0.8%) to $68.56 on light volume. Thus far, 1.2 million shares of E I du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $67.97-$68.72 after having opened the day at $68.00 as compared to the previous trading day's close of $68.05.

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 $61.7 billion and is part of the chemicals industry. Shares are up 4.7% year-to-date as of the close of trading on Wednesday. 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full E I du Pont de Nemours & Company Ratings Report now.

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