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Tickers in this Article: SSD, CLF, UFPI, CR, HAYN, AUY, SYT
The Nasdaq has slipped 2%, the S&P 500 is down 1.9% and the Dow is trading down 1.4% on a bad morning for the market. 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 1.9%, and its biggest movers are currently:
CompanyMarket CapPercentage Change
Simpson Manufacturing Co (NYSE:SSD)$1.63 billion-3.9%
Cliffs Natural Resources (NYSE:CLF)$5.1 billion-3.4%
Universal Forest Products (Nasdaq:UFPI)$775.8 million-3.4%
Crane (NYSE:CR)$2.56 billion+3.2%
Haynes International (Nasdaq:HAYN)$643.9 million-2.8%
Yamana Gold Inc (NYSE:AUY)$12.5 billion+2.5%
Syngenta AG (NYSE:SYT)$37.63 billion-2.4%
Forex Broker Summary: UFXMarkets

Slipping 3.9%, Simpson Manufacturing Co (NYSE:SSD) is currently trading at $32.42 per share. The company's volume is currently 177,604 shares for the day,.

Cliffs Natural Resources (NYSE:CLF) is currently trading at a share price of $34.55, a 3.4% decline. The company's volume for the day so far is 3.8 million shares. This is in keeping with the average volume over the past three months.

At $37.88, Universal Forest Products (Nasdaq:UFPI) has slipped 3.4%. So far today, the company's volume is 80,172 shares, 1.6 times the average daily volume.

After an increase of 3.2%, Crane (NYSE:CR) has reached a current price of $46.41. The company's volume for the day so far is 456,612 shares.

Haynes International (Nasdaq:HAYN) is down 2.8% to reach $50.90 per share. So far today, 66,741 shares have changed hands, which is more trading activity than there was yesterday.

Yamana Gold Inc (NYSE:AUY) has risen 2.5% and is currently trading at $17.04 per share. This morning, the company is trading a volume of 3.3 million shares. This is in keeping with its current three-month average.

Falling 2.4%, Syngenta AG (NYSE:SYT) is currently at a share price of $80.48. So far today, the company's volume is 198,121 shares, one times the current daily average.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

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