3 Stocks Pushing The Basic Materials Sector Downward

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%. 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%. 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%.

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

3. Barrick Gold ( ABX) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Barrick Gold is down $0.66 (-5.5%) to $11.50 on average volume. Thus far, 6.2 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $11.47-$11.99 after having opened the day at $11.93 as compared to the previous trading day's close of $12.16.

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

Barrick Gold Corporation produces and sells gold and copper. It is also involved in exploration and mine development activities. Barrick Gold has a market cap of $13.2 billion and is part of the metals & mining industry. Shares are down 31.0% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Barrick Gold a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Barrick Gold as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Barrick Gold 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, Petroleo Brasileiro SA Petrobras ( PBR.A) is down $0.22 (-1.9%) to $11.05 on average volume. Thus far, 7.3 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 16.1 million shares. The stock has ranged in price between $11.04-$11.27 after having opened the day at $11.16 as compared to the previous trading day's close of $11.27.

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 $72.1 billion and is part of the energy industry. Shares are down 23.4% year-to-date as of the close of trading on Friday.

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, largely solid financial position with reasonable debt levels by most measures 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.

1. As of noon trading, Freeport-McMoRan ( FCX) is down $0.27 (-0.9%) to $28.07 on average volume. Thus far, 5.4 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $28.04-$28.55 after having opened the day at $28.39 as compared to the previous trading day's close of $28.34.

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

Freeport-McMoRan Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $28.6 billion and is part of the metals & mining industry. Shares are down 24.9% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate Freeport-McMoRan a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full Freeport-McMoRan 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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