3 Stocks Driving 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.1%) at 17,365 as of Monday, Nov. 3, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,608 issues advancing vs. 1,366 declining with 174 unchanged.

The Basic Materials sector currently sits up 1.3% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Petroleo Brasileiro SA Petrobras ( PBR), down 3.1%, PetroChina ( PTR), down 2.8%, Total ( TOT), down 2.4%, POSCO ( PKX), down 2.4% and Royal Dutch Shell ( RDS.B), down 1.8%.

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

3. Enterprise Products Partners ( EPD) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Enterprise Products Partners is up $0.30 (0.8%) to $37.20 on light volume. Thus far, 977,309 shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $36.55-$37.22 after having opened the day at $36.90 as compared to the previous trading day's close of $36.90.

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

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Enterprise Products Partners has a market cap of $69.8 billion and is part of the energy industry. Shares are up 11.3% year-to-date as of the close of trading on Friday. Currently there are 14 analysts who rate Enterprise Products Partners a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Enterprise Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Enterprise Products Partners 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, Energy Transfer Equity ( ETE) is up $1.01 (1.7%) to $59.37 on light volume. Thus far, 655,181 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $58.31-$59.79 after having opened the day at $58.94 as compared to the previous trading day's close of $58.36.

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

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $31.2 billion and is part of the energy industry. Shares are up 42.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Energy Transfer Equity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Energy Transfer Equity 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, Anadarko Petroleum ( APC) is up $0.77 (0.8%) to $92.55 on light volume. Thus far, 1.8 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $91.08-$92.73 after having opened the day at $92.48 as compared to the previous trading day's close of $91.78.

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

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 $45.3 billion and is part of the energy industry. Shares are up 15.7% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 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, 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 disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Anadarko Petroleum 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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