Basic Materials Stocks On The Rise With Help From 3 Stocks

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 60 points (0.4%) at 16,603 as of Friday, May 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 938 declining with 179 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the sector include YPF Sociedad Anonima ( YPF), up 2.0%, Alcoa ( AA), up 1.7%, Tenaris ( TS), up 1.4%, Teck Resources ( TCK), up 1.4% and Southern Copper ( SCCO), up 1.4%. On the negative front, top decliners within the sector include Gerdau ( GGB), down 1.8%, Goldcorp ( GG), down 1.4%, Ecopetrol ( EC), down 1.0%, POSCO ( PKX), down 1.0% and Royal Dutch Shell ( RDS.A), down 0.6%.

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

3. Petroleo Brasileiro SA Petrobras ( PBR) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Petroleo Brasileiro SA Petrobras is up $0.11 (0.7%) to $15.02 on light volume. Thus far, 5.9 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 25.5 million shares. The stock has ranged in price between $14.87-$15.15 after having opened the day at $14.93 as compared to the previous trading day's close of $14.91.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $97.7 billion and is part of the energy industry. Shares are up 8.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

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