3 Basic Materials Stocks Moving The Sector Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,929 as of Tuesday, June 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is down 0.2%. Top gainers within the sector include YPF Sociedad Anonima ( YPF), up 2.1%, Ecopetrol ( EC), up 1.5%, Devon Energy ( DVN), up 1.4%, ConocoPhillips ( COP), up 0.8% and Chevron ( CVX), up 0.5%. On the negative front, top decliners within the sector include Tenaris ( TS), down 3.5%, Valero Energy ( VLO), down 2.8%, Cabot Oil & Gas ( COG), down 2.6%, Marathon Petroleum ( MPC), down 2.5% and ArcelorMittal ( MT), down 1.0%.

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

3. Potash Corp of Saskatchewan ( POT) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Potash Corp of Saskatchewan is up $0.62 (1.7%) to $36.17 on average volume. Thus far, 2.5 million shares of Potash Corp of Saskatchewan exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $35.48-$36.31 after having opened the day at $35.52 as compared to the previous trading day's close of $35.55.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products worldwide. It mines and produces potash, which is primarily used as fertilizer. Potash Corp of Saskatchewan has a market cap of $30.0 billion and is part of the chemicals industry. Shares are up 7.9% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Potash Corp of Saskatchewan a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Potash Corp of Saskatchewan 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Potash Corp of Saskatchewan Ratings Report now.

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