3 Stocks Pushing The Basic Materials Sector Lower

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 15 points (-0.1%) at 17,673 as of Wednesday, Nov. 19, 2014, 12:10 PM ET. The NYSE advances/declines ratio sits at 967 issues advancing vs. 1,986 declining with 177 unchanged.

The Basic Materials sector currently sits down 1.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Teck Resources ( TCK), down 3.8%, Franco-Nevada ( FNV), down 3.2%, POSCO ( PKX), down 2.8%, Suncor Energy ( SU), down 1.6% and Baker Hughes ( BHI), down 1.3%. Top gainers within the sector include Sociedad Quimica Y Minera De Chile ( SQM), up 4.8%, TransCanada ( TRP), up 2.0%, Enterprise Products Partners ( EPD), up 1.8%, Marathon Oil ( MRO), up 1.7% and Kinder Morgan Energy Partners ( KMP), up 1.5%.

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

3. Goldcorp ( GG) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Goldcorp is down $0.83 (-3.9%) to $20.46 on average volume. Thus far, 4.1 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $20.19-$21.38 after having opened the day at $21.26 as compared to the previous trading day's close of $21.29.

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

Goldcorp Inc. is engaged in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. Goldcorp has a market cap of $16.7 billion and is part of the metals & mining industry. Shares are down 1.8% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full Goldcorp 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, Barrick Gold ( ABX) is down $0.63 (-4.7%) to $12.66 on average volume. Thus far, 9.1 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $12.52-$13.25 after having opened the day at $13.25 as compared to the previous trading day's close of $13.29.

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 $14.5 billion and is part of the metals & mining industry. Shares are down 24.6% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Barrick Gold a buy, 1 analyst rates it a sell, and 14 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.

1. As of noon trading, Alcoa ( AA) is down $0.48 (-2.8%) to $16.68 on light volume. Thus far, 6.9 million shares of Alcoa exchanged hands as compared to its average daily volume of 19.5 million shares. The stock has ranged in price between $16.62-$17.13 after having opened the day at $17.13 as compared to the previous trading day's close of $17.16.

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

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $19.8 billion and is part of the metals & mining industry. Shares are up 61.4% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Alcoa a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Alcoa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Alcoa 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

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists