Basic Materials Stocks On The Rise With Help From 3 Stocks

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 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,776 issues advancing vs. 1,216 declining with 167 unchanged.

The Basic Materials sector currently sits down 0.7% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Hess ( HES), up 5.7%, Axiall ( AXLL), up 5.9%, Valero Energy ( VLO), up 2.6%, Marathon Petroleum ( MPC), up 2.6% and Phillips 66 ( PSX), up 1.8%. On the negative front, top decliners within the sector include Chesapeake Energy ( CHK), down 3.5%, ArcelorMittal ( MT), down 3.3%, Antero Resources ( AR), down 3.3%, Consol Energy ( CNX), down 3.3% and Tenaris ( TS), down 3.2%.

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

3. Air Products & Chemicals ( APD) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Air Products & Chemicals is up $0.84 (0.6%) to $146.78 on light volume. Thus far, 247,683 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $146.15-$147.49 after having opened the day at $146.15 as compared to the previous trading day's close of $145.94.

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Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. Air Products & Chemicals has a market cap of $31.0 billion and is part of the chemicals industry. Shares are up 1.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Air Products & Chemicals Ratings Report now.

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