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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 36 points (0.2%) at 17,520 as of Thursday, Nov. 6, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,530 issues advancing vs. 1,416 declining with 183 unchanged.

The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Kinross Gold ( KGC), up 14.8%, Randgold Resources ( GOLD), up 9.7%, Barrick Gold ( ABX), up 3.8%, Energy Transfer Equity ( ETE), up 2.6% and Freeport-McMoRan ( FCX), up 1.6%. On the negative front, top decliners within the sector include Petroleo Brasileiro SA Petrobras ( PBR), down 4.8%, Ultrapar Participacoes ( UGP), down 4.7%, Tenaris ( TS), down 4.5%, Schlumberger ( SLB), down 2.2% and PetroChina ( PTR), down 2.0%.

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

3. Concho Resources ( CXO) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Concho Resources is up $4.75 (4.5%) to $111.24 on average volume. Thus far, 993,087 shares of Concho Resources exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $103.01-$111.82 after having opened the day at $104.48 as compared to the previous trading day's close of $106.49.

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

Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the Unites States. The company's principal operating areas are located in the Permian Basin region of southeast New Mexico and West Texas. Concho Resources has a market cap of $11.6 billion and is part of the energy industry. Shares are down 1.4% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Concho Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Concho 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. Get the full Concho 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.

2. As of noon trading, Marathon Petroleum ( MPC) is up $1.25 (1.4%) to $91.96 on light volume. Thus far, 967,278 shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $91.11-$92.85 after having opened the day at $91.18 as compared to the previous trading day's close of $90.71.

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

Marathon Petroleum Corporation, together with its subsidiaries, is engaged in refining, transporting, and marketing petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. Marathon Petroleum has a market cap of $25.4 billion and is part of the energy industry. Shares are down 1.1% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Marathon Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Marathon Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Marathon 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.

1. As of noon trading, Kinder Morgan Energy Partners ( KMP) is up $1.08 (1.2%) to $93.34 on average volume. Thus far, 1.4 million shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $92.30-$93.84 after having opened the day at $92.57 as compared to the previous trading day's close of $92.26.

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

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. The company operates through five segments: Natural Gas Pipelines, CO2, Products Pipelines, Terminals, and Kinder Morgan Canada. Kinder Morgan Energy Partners has a market cap of $29.7 billion and is part of the energy industry. Shares are up 14.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Kinder Morgan Energy Partners a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, 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 Kinder Morgan Energy 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.

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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