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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 59 points (-0.3%) at 17,755 as of Friday, Jan. 23, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,542 issues advancing vs. 1,426 declining with 163 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Concho Resources ( CXO), up 3.7%, Continental Resources ( CLR), up 3.0%, Halliburton ( HAL), up 2.4%, Apache Corporation ( APA), up 2.0% and Marathon Petroleum ( MPC), up 2.0%. On the negative front, top decliners within the sector include Southern Copper ( SCCO), down 2.8%, Petroleo Brasileiro SA Petrobras ( PBR), down 1.7%, Statoil ASA ( STO), down 1.3%, E I du Pont de Nemours & Company ( DD), down 1.2% and Exxon Mobil Corporation ( XOM), down 1.0%.

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

3. Imperial Oil ( IMO) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Imperial Oil is up $0.50 (1.3%) to $38.49 on light volume. Thus far, 66,971 shares of Imperial Oil exchanged hands as compared to its average daily volume of 323,600 shares. The stock has ranged in price between $37.65-$38.75 after having opened the day at $38.17 as compared to the previous trading day's close of $37.99.

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

Imperial Oil Limited is engaged in the exploration for, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $32.3 billion and is part of the energy industry. Shares are down 11.7% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Imperial Oil a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Imperial Oil as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full Imperial Oil 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, China Petroleum & Chemical ( SNP) is up $0.43 (0.5%) to $82.17 on light volume. Thus far, 38,137 shares of China Petroleum & Chemical exchanged hands as compared to its average daily volume of 161,300 shares. The stock has ranged in price between $81.51-$82.49 after having opened the day at $81.79 as compared to the previous trading day's close of $81.74.

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

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, is engaged in the oil and gas, and chemical operations in the People's Republic of China. China Petroleum & Chemical has a market cap of $94.2 billion and is part of the energy industry. Shares are up 0.9% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates China Petroleum & Chemical a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Petroleum & Chemical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full China Petroleum & Chemical 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, Ecopetrol ( EC) is up $0.36 (2.2%) to $16.85 on light volume. Thus far, 268,321 shares of Ecopetrol exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $16.48-$16.85 after having opened the day at $16.51 as compared to the previous trading day's close of $16.49.

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

Ecopetrol S.A., an integrated oil company, is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, and the United States Gulf Coast. Ecopetrol has a market cap of $33.7 billion and is part of the energy industry. Shares are down 3.7% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Ecopetrol a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ecopetrol as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, 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 feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full Ecopetrol 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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