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 27 points (-0.2%) at 16,879 as of Thursday, June 19, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,678 issues advancing vs. 1,278 declining with 191 unchanged.

The Basic Materials sector currently sits up 1.0% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Goldcorp ( GG), up 4.8%, Enterprise Products Partners ( EPD), up 1.5%, Spectra Energy ( SE), up 1.2%, Phillips 66 ( PSX), up 1.2% and Total ( TOT), up 1.2%. On the negative front, top decliners within the sector include YPF Sociedad Anonima ( YPF), down 2.6%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 2.2%, Energy Transfer Equity ( ETE), down 1.2%, Suncor Energy ( SU), down 0.9% and E I du Pont de Nemours & Company ( DD), down 0.5%.

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

3. Silver Wheaton ( SLW) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Silver Wheaton is up $0.93 (3.9%) to $24.53 on heavy volume. Thus far, 3.3 million shares of Silver Wheaton exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $23.91-$24.53 after having opened the day at $23.91 as compared to the previous trading day's close of $23.60.

Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 20 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and/or gold relating to 24 different mining assets. Silver Wheaton has a market cap of $8.2 billion and is part of the metals & mining industry. Shares are up 16.9% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Silver Wheaton a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Silver Wheaton as a hold. 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. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Silver Wheaton 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.

2. As of noon trading, Barrick Gold ( ABX) is up $0.42 (2.4%) to $17.82 on heavy volume. Thus far, 7.8 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 9.8 million shares. The stock has ranged in price between $17.54-$17.84 after having opened the day at $17.70 as compared to the previous trading day's close of $17.40.

Barrick Gold Corporation produces and sells gold and copper. It is also involved in exploration and mine development activities. Barrick Gold has a market cap of $19.9 billion and is part of the metals & mining industry. Shares are down 1.3% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Barrick Gold a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Barrick Gold as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Barrick Gold 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.

1. As of noon trading, Valero Energy ( VLO) is up $1.38 (2.5%) to $57.02 on average volume. Thus far, 4.0 million shares of Valero Energy exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $55.83-$57.09 after having opened the day at $55.87 as compared to the previous trading day's close of $55.64.

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. Valero Energy has a market cap of $28.9 billion and is part of the energy industry. Shares are up 10.4% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Valero Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Valero Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Valero Energy 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.

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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