3 Stocks Raising The Basic Materials 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.4%) at 17,034 as of Tuesday, Sept. 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 824 issues advancing vs. 2,132 declining with 162 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the sector include Encana ( ECA), up 2.8%, EQT ( EQT), up 2.0% and Enbridge ( ENB), up 0.8%. On the negative front, top decliners within the sector include Continental Resources ( CLR), down 1.3%, Statoil ASA ( STO), down 1.2%, Royal Dutch Shell ( RDS.B), down 1.1%, Chevron ( CVX), down 0.7% and China Petroleum & Chemical ( SNP), down 0.6%.

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

3. FMC Technologies ( FTI) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, FMC Technologies is up $1.10 (2.0%) to $57.35 on average volume. Thus far, 1.0 million shares of FMC Technologies exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $55.98-$57.62 after having opened the day at $56.21 as compared to the previous trading day's close of $56.25.

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

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. FMC Technologies has a market cap of $13.5 billion and is part of the energy industry. Shares are up 7.7% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate FMC Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates FMC Technologies as a buy. 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, revenue growth, notable return on equity 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 FMC Technologies 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, Vale ( VALE) is up $0.12 (1.0%) to $12.58 on average volume. Thus far, 12.8 million shares of Vale exchanged hands as compared to its average daily volume of 17.6 million shares. The stock has ranged in price between $12.40-$12.72 after having opened the day at $12.43 as compared to the previous trading day's close of $12.46.

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

Vale S.A. is engaged in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals. Vale has a market cap of $65.3 billion and is part of the metals & mining industry. Shares are down 18.3% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Vale a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Vale as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Vale 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, Pioneer Natural Resources ( PXD) is up $1.87 (0.9%) to $199.83 on average volume. Thus far, 512,125 shares of Pioneer Natural Resources exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $198.39-$201.37 after having opened the day at $198.39 as compared to the previous trading day's close of $197.96.

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

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources has a market cap of $28.9 billion and is part of the energy industry. Shares are up 7.5% year-to-date as of the close of trading on Monday. Currently there are 17 analysts who rate Pioneer Natural Resources a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Pioneer Natural Resources 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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