3 Stocks Improving Performance Of The Basic Materials Sector

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 176 points (1.0%) at 18,236 as of Thursday, May 14, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,373 issues advancing vs. 649 declining with 125 unchanged.

The Basic Materials sector currently sits up 0.4% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Tesoro ( TSO), up 3.3%, Valero Energy ( VLO), up 2.4%, Goldcorp ( GG), up 2.0%, Praxair ( PX), up 1.8% and E I du Pont de Nemours & Company ( DD), up 1.5%. On the negative front, top decliners within the sector include Seadrill ( SDRL), down 5.0%, Transocean ( RIG), down 3.7%, Concho Resources ( CXO), down 2.3%, Noble Energy ( NBL), down 1.7% and Continental Resources ( CLR), down 1.5%.

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

3. ArcelorMittal ( MT) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, ArcelorMittal is up $0.61 (5.6%) to $11.56 on heavy volume. Thus far, 11.2 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $11.50-$11.89 after having opened the day at $11.79 as compared to the previous trading day's close of $10.95.

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ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining. ArcelorMittal has a market cap of $18.4 billion and is part of the metals & mining industry. Shares are down 0.1% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate ArcelorMittal a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ArcelorMittal as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full ArcelorMittal Ratings Report now.

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