All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 35 points (0.2%) at 17,119 as of Monday, Oct. 12, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,447 issues advancing vs. 1,507 declining with 153 unchanged.

The Basic Materials sector currently sits down 2.7% versus the S&P 500, which is up 1.8%. On the negative front, top decliners within the sector include Transocean ( RIG), down 8.8%, Continental Resources ( CLR), down 7.5%, Chesapeake Energy ( CHK), down 7.5%, Encana ( ECA), down 6.5% and Antero Resources ( AR), down 6.2%.

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

3. China Petroleum & Chemical ( SNP) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, China Petroleum & Chemical is up $1.28 (1.8%) to $71.28 on average volume. Thus far, 73,983 shares of China Petroleum & Chemical exchanged hands as compared to its average daily volume of 159,400 shares. The stock has ranged in price between $71.28-$72.40 after having opened the day at $72.25 as compared to the previous trading day's close of $70.00.

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China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. China Petroleum & Chemical has a market cap of $84.1 billion and is part of the energy industry. Shares are down 13.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate China Petroleum & Chemical a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Petroleum & Chemical as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. Get the full China Petroleum & Chemical Ratings Report now.

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2. As of noon trading, PetroChina ( PTR) is up $0.54 (0.7%) to $80.63 on average volume. Thus far, 83,789 shares of PetroChina exchanged hands as compared to its average daily volume of 170,000 shares. The stock has ranged in price between $80.54-$82.47 after having opened the day at $82.13 as compared to the previous trading day's close of $80.09.

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PetroChina Company Limited, together with its subsidiaries, produces and sells oil and gas in the People's Republic of China. The company operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. PetroChina has a market cap of $148.3 billion and is part of the energy industry. Shares are down 27.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates PetroChina a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates PetroChina as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full PetroChina Ratings Report now.

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1. As of noon trading, PPG Industries ( PPG) is up $1.07 (1.1%) to $97.04 on average volume. Thus far, 984,362 shares of PPG Industries exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $96.01-$97.71 after having opened the day at $96.01 as compared to the previous trading day's close of $95.97.

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PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. PPG Industries has a market cap of $25.9 billion and is part of the chemicals industry. Shares are down 17.0% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate PPG Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full PPG Industries 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).