3 Stocks Boosting The Basic Materials Sector Higher

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 68 points (0.4%) at 17,048 as of Thursday, Aug. 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,215 declining with 171 unchanged.

The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Total ( TOT), up 1.2%, Crescent Point Energy ( CPG), up 1.2%, Tenaris ( TS), up 0.8%, Imperial Oil ( IMO), up 0.7% and Energy Transfer Equity ( ETE), up 0.7%. On the negative front, top decliners within the sector include Cameco ( CCJ), down 4.9%, Agnico Eagle Mines ( AEM), down 4.3%, Goldcorp ( GG), down 3.5%, Franco-Nevada ( FNV), down 3.3% and Silver Wheaton ( SLW), down 2.9%.

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

3. Devon Energy ( DVN) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Devon Energy is up $0.60 (0.8%) to $74.45 on light volume. Thus far, 635,962 shares of Devon Energy exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $73.90-$74.55 after having opened the day at $74.09 as compared to the previous trading day's close of $73.85.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Devon Energy Corporation, an independent energy company, is engaged primarily in the exploration, development, and production of oil, natural gas, and natural gas liquids. Devon Energy has a market cap of $30.4 billion and is part of the energy industry. Shares are up 19.4% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts who rate Devon Energy a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Devon Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Devon Energy Ratings Report now.

STOCKS TO BUY: 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, National Oilwell Varco ( NOV) is up $0.59 (0.7%) to $84.43 on average volume. Thus far, 1.4 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $83.30-$84.47 after having opened the day at $84.00 as compared to the previous trading day's close of $83.84.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $36.0 billion and is part of the energy industry. Shares are up 5.4% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate National Oilwell Varco a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full National Oilwell Varco Ratings Report now.

STOCKS TO BUY: 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, LyondellBasell Industries ( LYB) is up $0.79 (0.7%) to $112.26 on light volume. Thus far, 721,813 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $111.46-$112.52 after having opened the day at $112.19 as compared to the previous trading day's close of $111.47.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

LyondellBasell Industries N.V., together with its subsidiaries, manufactures chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for production of polymers. LyondellBasell Industries has a market cap of $57.5 billion and is part of the chemicals industry. Shares are up 39.7% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries Ratings Report now.

STOCKS TO BUY: 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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