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 355 points (-2.0%) at 17,323 as of Tuesday, Jan. 27, 2015, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,116 issues advancing vs. 1,852 declining with 163 unchanged.

The Basic Materials sector currently sits up 0.5% versus the S&P 500, which is down 1.4%. Top gainers within the sector include Barrick Gold ( ABX), up 3.9%, Goldcorp ( GG), up 3.2%, EOG Resources ( EOG), up 1.4%, Anadarko Petroleum ( APC), up 1.1% and BP ( BP), up 0.9%. On the negative front, top decliners within the sector include Freeport-McMoRan ( FCX), down 4.5%, Southern Copper ( SCCO), down 2.5%, LyondellBasell Industries ( LYB), down 1.5%, POSCO ( PKX), down 1.9% and China Petroleum & Chemical ( SNP), down 1.8%.

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 $0.52 (1.4%) to $39.02 on light volume. Thus far, 76,893 shares of Imperial Oil exchanged hands as compared to its average daily volume of 322,300 shares. The stock has ranged in price between $38.49-$39.10 after having opened the day at $38.91 as compared to the previous trading day's close of $38.50.

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 10.5% year-to-date as of the close of trading on Monday. 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, Franco-Nevada ( FNV) is up $2.14 (3.8%) to $58.02 on average volume. Thus far, 552,490 shares of Franco-Nevada exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $56.45-$58.09 after having opened the day at $56.78 as compared to the previous trading day's close of $55.88.

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

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company also has interests in platinum group metal, oil and gas, and other resource properties. Franco-Nevada has a market cap of $8.5 billion and is part of the metals & mining industry. Shares are up 13.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Franco-Nevada a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Franco-Nevada 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 good cash flow from operations. 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 premium valuation. Get the full Franco-Nevada 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, Petroleo Brasileiro SA Petrobras ( PBR) is up $0.10 (1.4%) to $7.33 on light volume. Thus far, 10.6 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 44.9 million shares. The stock has ranged in price between $7.07-$7.35 after having opened the day at $7.10 as compared to the previous trading day's close of $7.23.

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 $47.3 billion and is part of the energy industry. Shares are down 1.0% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 7 rate it a hold.

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.

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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