Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 17,773 as of Wednesday, June 1, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,608 issues advancing vs. 1,334 declining with 152 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include National Oilwell Varco ( NOV), down 2.7%, Apache ( APA), down 2.7%, Newfield Exploration ( NFX), down 2.6%, Hess ( HES), down 2.3% and Crescent Point Energy ( CPG), down 2.2%. Top gainers within the sector include HollyFrontier ( HFC), up 4.7%, Plains GP Holdings ( PAGP), up 4.3%, Energy Transfer Equity ( ETE), up 4.0%, Marathon Petroleum ( MPC), up 3.5% and Williams Partners ( WPZ), up 3.1%.

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

3. Canadian Natural Resources ( CNQ) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Canadian Natural Resources is down $0.44 (-1.5%) to $28.90 on average volume. Thus far, 1.9 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $28.68-$29.26 after having opened the day at $29.14 as compared to the previous trading day's close of $29.34.

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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Canadian Natural Resources has a market cap of $32.7 billion and is part of the energy industry. Shares are up 36.2% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and disappointing return on equity. Get the full Canadian Natural Resources Ratings Report now.

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2. As of noon trading, Noble Energy ( NBL) is down $0.65 (-1.8%) to $35.10 on average volume. Thus far, 1.9 million shares of Noble Energy exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $34.74-$35.39 after having opened the day at $34.96 as compared to the previous trading day's close of $35.75.

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Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Noble Energy has a market cap of $15.4 billion and is part of the energy industry. Shares are up 8.6% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Noble Energy a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Noble Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Noble Energy Ratings Report now.

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1. As of noon trading, Freeport-McMoRan ( FCX) is down $0.58 (-5.2%) to $10.50 on average volume. Thus far, 25.8 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 49.2 million shares. The stock has ranged in price between $10.27-$10.87 after having opened the day at $10.80 as compared to the previous trading day's close of $11.08.

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Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $13.9 billion and is part of the metals & mining industry. Shares are up 63.7% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Freeport-McMoRan a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Freeport-McMoRan 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).