3 Stocks Pushing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 29 points (0.2%) at 17,603 as of Monday, Nov. 10, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,659 issues advancing vs. 1,296 declining with 183 unchanged.

The Basic Materials sector currently sits down 1.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include YPF Sociedad Anonima ( YPF), up 1.2%, Enterprise Products Partners ( EPD), up 0.9%, Monsanto ( MON), up 0.8%, Total ( TOT), up 0.5% and National Oilwell Varco ( NOV), up 0.3%. On the negative front, top decliners within the sector include Anglogold Ashanti ( AU), down 7.4%, Agnico Eagle Mines ( AEM), down 5.8%, Goldcorp ( GG), down 4.5%, Franco-Nevada ( FNV), down 4.6% and Randgold Resources ( GOLD), down 4.2%.

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

3. Turquoise Hill Resources ( TRQ) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Turquoise Hill Resources is up $0.08 (2.5%) to $3.26 on light volume. Thus far, 1.1 million shares of Turquoise Hill Resources exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $3.15-$3.29 after having opened the day at $3.29 as compared to the previous trading day's close of $3.18.

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

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mineral exploration, development, and mining company. The company's principal mineral resource property includes the Oyu Tolgoi project, a copper-gold project located in the South Gobi region of Mongolia. Turquoise Hill Resources has a market cap of $6.0 billion and is part of the metals & mining industry. Shares are down 3.6% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Turquoise Hill Resources a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turquoise Hill Resources as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full Turquoise Hill 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, POSCO ( PKX) is up $1.02 (1.5%) to $69.62 on average volume. Thus far, 204,613 shares of POSCO exchanged hands as compared to its average daily volume of 291,400 shares. The stock has ranged in price between $69.62-$70.42 after having opened the day at $70.20 as compared to the previous trading day's close of $68.60.

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

POSCO, together with its subsidiaries, manufactures and sells steel rolled products and plates. It operates through four segments: Steel, Trading, Construction, and Others. POSCO has a market cap of $24.0 billion and is part of the metals & mining industry. Shares are down 12.1% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full POSCO 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 $0.68 (0.8%) to $88.14 on light volume. Thus far, 1.6 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $87.03-$89.07 after having opened the day at $87.07 as compared to the previous trading day's close of $87.46.

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 $43.2 billion and is part of the chemicals industry. Shares are up 8.9% year-to-date as of the close of trading on Friday. 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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).

null

More from Markets

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

P&G Tops Forecasts in Early Q3 Earnings Release Following Merck KGaA Deal

P&G Tops Forecasts in Early Q3 Earnings Release Following Merck KGaA Deal

Amazon Prime Tops 100 Million Members and 4 Other Stories You Must Know Thursday

Amazon Prime Tops 100 Million Members and 4 Other Stories You Must Know Thursday