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Basic Materials Sector Sees Mixed Performance Amidst Ongoing Trend

Strategic Insights

— 2 min read

The Basic Materials sector is exhibiting a mixed performance amidst the ongoing trend of market volatility. The Dow Jones Industrial Average is trading up 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. Within the sector, top gainers include Hess, Axiall, Valero Energy, Marathon Petroleum, and Phillips 66. Meanwhile, top decliners include Chesapeake Energy, ArcelorMittal, Antero Resources, Consol Energy, and Tenaris.

Key Takeaways:

  • The Basic Materials sector is seeing a mixed performance, with top gainers including Hess, Axiall, Valero Energy, Marathon Petroleum, and Phillips 66.
  • Top decliners within the sector include Chesapeake Energy, ArcelorMittal, Antero Resources, Consol Energy, and Tenaris.
  • Air Products & Chemicals is one of the companies pushing the Basic Materials sector higher, trading up $0.84 (0.6%) to $146.78 on light volume.
  • PPG Industries is also seeing significant gains, trading up $2.48 (1.1%) to $234.36 on average volume.
  • Monsanto is trading up $0.59 (0.5%) to $115.08 on light volume.
  • TheStreet Ratings rates Air Products & Chemicals, PPG Industries, and Monsanto as buys.
  • The companies' strengths can be seen in multiple areas, including revenue growth, expanding profit margins, solid stock price performance, and largely solid financial position with reasonable debt levels by most measures.

Statistics:

  • The Dow Jones Industrial Average is trading up 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET.
  • Hess is the top gainer within the sector, up 5.7%.
  • Axiall is also a top gainer, up 5.9%.
  • Valero Energy, Marathon Petroleum, and Phillips 66 are also seeing significant gains, up 2.6%, 2.6%, and 1.8%, respectively.
  • Chesapeake Energy, ArcelorMittal, Antero Resources, Consol Energy, and Tenaris are the top decliners, down 3.5%, 3.3%, 3.3%, 3.3%, and 3.2%, respectively.
  • Air Products & Chemicals is trading up $0.84 (0.6%) to $146.78 on light volume.
  • PPG Industries is trading up $2.48 (1.1%) to $234.36 on average volume.
  • Monsanto is trading up $0.59 (0.5%) to $115.08 on light volume.

Sources:

  • TheStreet Wire, "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."
  • TheStreet, "Air Products & Chemicals (APD) to be Highlighted in Jim Cramer's Trust."
  • TheStreet, "PPG Industries (PPG) to be Highlighted in Jim Cramer's Trust."
  • TheStreet, "Monsanto (MON) to be Highlighted in Jim Cramer's Trust."

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