3 Basic Materials Stocks On The Rise

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 26 points (-0.1%) at 17,879 as of Friday, June 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,219 issues advancing vs. 1,787 declining with 146 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Continental Resources ( CLR), up 2.8%, Cimarex Energy ( XEC), up 2.8%, Energy Transfer Equity ( ETE), up 2.7%, Cheniere Energy ( LNG), up 2.1% and Halliburton ( HAL), up 1.8%. On the negative front, top decliners within the sector include Agnico Eagle Mines ( AEM), down 3.0%, POSCO ( PKX), down 2.2%, China Petroleum & Chemical ( SNP), down 1.9%, Statoil ASA ( STO), down 1.1% and PetroChina ( PTR), down 1.1%.

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

3. Williams Companies ( WMB) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Williams Companies is up $0.38 (0.8%) to $48.90 on heavy volume. Thus far, 4.7 million shares of Williams Companies exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $48.06-$49.28 after having opened the day at $48.31 as compared to the previous trading day's close of $48.52.

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The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. Williams Companies has a market cap of $37.4 billion and is part of the energy industry. Shares are up 8.0% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Williams Companies a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Williams Companies as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Williams Companies Ratings Report now.

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2. As of noon trading, Anadarko Petroleum ( APC) is up $0.88 (1.1%) to $84.28 on light volume. Thus far, 1.3 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $82.82-$85.20 after having opened the day at $83.01 as compared to the previous trading day's close of $83.40.

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Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. Anadarko Petroleum has a market cap of $42.6 billion and is part of the energy industry. Shares are up 1.1% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Anadarko Petroleum Ratings Report now.

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1. As of noon trading, EOG Resources ( EOG) is up $2.50 (2.9%) to $89.88 on average volume. Thus far, 1.9 million shares of EOG Resources exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $86.82-$89.94 after having opened the day at $87.15 as compared to the previous trading day's close of $87.38.

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EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $48.9 billion and is part of the energy industry. Shares are down 5.1% year-to-date as of the close of trading on Thursday. Currently there are 15 analysts who rate EOG Resources a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full EOG Resources Ratings Report now.

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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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