The market is having a bad day so far. The Nasdaq has decreased 0.4%; the S&P 500 is trading down 0.2%; and the Dow is down 0.2%. The basic materials sector is the category of stocks that accounts for companies involved with the discovery, development and processing of raw materials. This sector includes the mining and refining of metals, chemical producers and forestry products. The basic materials sector is sensitive to changes in the business cycle. Because the sector supplies materials for construction, it depends on a strong economy. This sector is also sensitive to supply and demand fluctuations because the price of raw materials, such as gold or other metals, is largely demand driven.
The Basic Materials sector (XLB) is currently ahead of the overall market, down only 0.1%, and its biggest movers are currently:
|Company||Market Cap||Percentage Change|
|Polypore International (NYSE:PPO)||$1.92 billion||-2.7%|
|Sasol Limited (NYSE:SSL)||$28.5 billion||-2.3%|
|Buckeye Technologies (NYSE:BKI)||$1.05 billion||-2.2%|
|Royal Gold (Nasdaq:RGLD)||$5.37 billion||-1.9%|
|Parker-Hannifin (NYSE:PH)||$12.14 billion||-1.7%|
|Ternium S.A (NYSE:TX)||$4.37 billion||+1.5%|
|Quaker (NYSE:KWR)||$644.4 million||-1.5%|
Beginner's Guide To NinjaTrader Trading Software
At $41.08, Polypore International (NYSE:PPO) has slipped 2.7%. This morning, the company is trading a volume of 123,605 shares.
Falling 2.3%, Sasol Limited (NYSE:SSL) is currently at a share price of $42.28. This morning, 90,666 shares have been traded,.
Buckeye Technologies (NYSE:BKI) has fallen 2.2% and is currently trading at $27.39 per share. This morning, the company is trading a volume of 75,176 shares. This is 0.2 times its average volume over the past three months.
Slipping 1.9%, Royal Gold (Nasdaq:RGLD) is currently trading at $82.40 per share. So far today, the company's volume is 198,533 shares, 0.3 times the average daily volume.
Parker-Hannifin (NYSE:PH) is down 1.7% to reach $81.99 per share. The company's volume for the day so far is 824,501 shares.
Ternium S.A (NYSE:TX) has risen 1.5% to hit a current price of $22.40 per share. The company's volume is currently 190,715 shares for the day, while it was 479,932 shares yesterday.
Quaker (NYSE:KWR) is trading at $48.27 per share, down 1.5%. The company's volume for the day so far is 6,951 shares. This is 0.2 times the average volume over the last three months.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
InvestingHow do bond exchange traded fund (ETF) distributions work? It’s a question I get a lot. First, let’s explain what we mean by distributions.
Stock AnalysisThese three stocks are resilient, fundamentally sound and also pay generous dividends.
Investing NewsAre stocks cheap right now? Be wary of those who are telling you what you want to hear. Here's why.
Investing NewsHere are four stocks that offer good value and will likely outperform the majority of stocks throughout the broader market over the next several years.
Investing NewsHere are three resilient, dividend-paying companies that may mitigate some worry in an uncertain investing environment.
Stock AnalysisIf you're not sure where Ford and General Motors are going, you might want to look at this auto investment option instead.
Stock AnalysisLearn about the top energy companies in Russia, a country that holds some of the largest reserves of oil, natural gas and coal in the world.
Mutual Funds & ETFsExplore detailed analyses of the top buy-and-hold exchange traded funds, and learn about their characteristics, statistics and suitability.
Stock AnalysisLearn which Asian countries deliver the most crude oil to market, and discover what companies are the biggest producers in each country.
Mutual Funds & ETFsLearn about arbitrage funds and how this type of investment generates profits by taking advantage of price differentials between the cash and futures markets.
When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>