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 55 points (0.3%) at 16,661 as of Tuesday, May 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,943 issues advancing vs. 1,024 declining with 173 unchanged. The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Gerdau ( GGB), up 2.3%, Seadrill ( SDRL), up 1.8% and Dow Chemical ( DOW), up 0.6%. On the negative front, top decliners within the sector include Anglogold Ashanti ( AU), down 7.5%, Agnico Eagle Mines ( AEM), down 5.6%, Franco-Nevada ( FNV), down 5.0%, Goldcorp ( GG), down 4.0% and POSCO ( PKX), down 2.9%. TheStreet would like to highlight 3 stocks pushing the sector higher today: 3. Transocean ( RIG) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Transocean is up $0.70 (1.6%) to $43.24 on average volume. Thus far, 3.1 million shares of Transocean exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $42.85-$43.28 after having opened the day at $43.04 as compared to the previous trading day's close of $42.55. Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company provides deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. Transocean has a market cap of $15.4 billion and is part of the energy industry. Shares are down 13.9% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Transocean a buy, 4 analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates Transocean as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Transocean 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.