3 Basic Materials Stocks Nudging The Sector Higher

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.2%) at 17,072 as of Wednesday, July 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,641 issues advancing vs. 1,297 declining with 186 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include Talisman Energy ( TLM), up 11.3%, FMC Technologies ( FTI), up 3.2%, PetroChina ( PTR), up 2.5%, POSCO ( PKX), up 2.2% and China Petroleum & Chemical ( SNP), up 1.9%. On the negative front, top decliners within the sector include YPF Sociedad Anonima ( YPF), down 3.7%, and Petroleo Brasileiro SA Petrobras ( PBR), down 2.9%.

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

3. Anadarko Petroleum ( APC) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Anadarko Petroleum is up $1.66 (1.5%) to $109.98 on average volume. Thus far, 2.2 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $108.18-$110.24 after having opened the day at $108.70 as compared to the previous trading day's close of $108.32.

Anadarko Petroleum Corporation is engaged in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. Anadarko Petroleum has a market cap of $56.8 billion and is part of the energy industry. Shares are up 36.6% year-to-date as of the close of trading on Tuesday. Currently there are 19 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Anadarko Petroleum 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, Dow Chemical ( DOW) is up $1.59 (3.0%) to $53.89 on heavy volume. Thus far, 6.8 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $52.31-$54.28 after having opened the day at $53.04 as compared to the previous trading day's close of $52.30.

The Dow Chemical Company manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $62.7 billion and is part of the chemicals industry. Shares are up 17.8% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Dow Chemical a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Dow Chemical as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Dow Chemical 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, Halliburton ( HAL) is up $0.96 (1.3%) to $74.25 on average volume. Thus far, 4.0 million shares of Halliburton exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $72.52-$74.33 after having opened the day at $73.34 as compared to the previous trading day's close of $73.29.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $60.7 billion and is part of the energy industry. Shares are up 44.4% year-to-date as of the close of trading on Tuesday. Currently there are 20 analysts who rate Halliburton a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Halliburton as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Halliburton 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).
null

If you liked this article you might like

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

A Regular Winning Trade Becomes Roadkill in Market Meltdown

A Regular Winning Trade Becomes Roadkill in Market Meltdown

Anadarko Is a Strong Name

Anadarko Is a Strong Name

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall

Market's Animal Spirits Roar: Cramer's 'Mad Money' Recap (Thursday 1/11/18)

Market's Animal Spirits Roar: Cramer's 'Mad Money' Recap (Thursday 1/11/18)