3 Basic Materials Stocks On The Rise

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 17,010 as of Monday, Sept. 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 891 issues advancing vs. 2,107 declining with 158 unchanged.

The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Statoil ASA ( STO), up 0.8%, and Dow Chemical ( DOW), up 0.7%. On the negative front, top decliners within the sector include China Petroleum & Chemical ( SNP), down 6.2%, Alcoa ( AA), down 2.3%, POSCO ( PKX), down 1.3% and PetroChina ( PTR), down 1.0%.

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

3. Petroleo Brasileiro SA Petrobras ( PBR) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Petroleo Brasileiro SA Petrobras is up $0.09 (0.6%) to $16.47 on average volume. Thus far, 16.7 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 24.7 million shares. The stock has ranged in price between $16.28-$16.74 after having opened the day at $16.34 as compared to the previous trading day's close of $16.38.

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

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $115.0 billion and is part of the energy industry. Shares are up 18.9% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras 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, Schlumberger ( SLB) is up $0.56 (0.6%) to $102.78 on average volume. Thus far, 2.8 million shares of Schlumberger exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $101.85-$103.20 after having opened the day at $102.02 as compared to the previous trading day's close of $102.22.

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

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. Schlumberger has a market cap of $135.4 billion and is part of the energy industry. Shares are up 13.4% year-to-date as of the close of trading on Friday. Currently there are 21 analysts who rate Schlumberger a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Schlumberger 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, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Schlumberger 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, Chevron ( CVX) is up $1.20 (1.0%) to $123.86 on average volume. Thus far, 2.3 million shares of Chevron exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $122.06-$123.89 after having opened the day at $122.30 as compared to the previous trading day's close of $122.66.

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

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $235.1 billion and is part of the energy industry. Shares are down 1.8% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Chevron a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chevron 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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