5 Stocks Weighing on the Basic Materials Sector: FCX, MOS, CLF, WLK, CSL

Through most of the trading day on Friday, September 16, 2011, these stocks are bringing down the Basic Materials (NYSE:XLB) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) is among the price losers in the sector as its stock price is $41.63, down 94 cents (-2.1%) from the previous close of $42.54. Freeport-McMoRan Copper & Gold Inc. is an international company that mines copper, gold and molybdenum.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $13.38 (-23.9%) from $55.92 to $42.54. The stock price saw one of its best stretches over the last year between August 22, 2011 and August 31, 2011 when shares rose for eight straight trading days, rising 13.2% (+$5.51). It saw one of its worst periods between April 7, 2011 and April 18, 2011 when shares fell for eight straight trading days, falling 11.5% (-$6.53).

Shares of Mosaic Company, The (NYSE:MOS) are trading at $69.89, down $1.22 (-1.7%) from the previous close of $71.07. The Mosaic Co. is a producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry.

Stock Price Performance: From June 21, 2011, to September 15, 2011, the stock price had risen $7.02 (11%) from $64.05 to $71.07. The stock price saw one of its best stretches over the last year between May 20, 2011 and May 31, 2011 when shares rose for seven straight trading days, rising 8.3% (+$5.43). It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six straight trading days, falling 7.1% (-$5.88).

Cliffs Natural Resources Inc. (NYSE:CLF) is one of the sector losers in price. Its shares are trading at $78.20, down $1.38 (-1.6%) from the previous close of $79.49. Cliffs Natural Resources Inc. is an international mining company that operates primarily in North America and Australia.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $22.44 (-22.2%) from $101.03 to $78.59. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 5, 2011 when shares rose for nine straight trading days, rising 12.6% (+$10.58). It saw one of its worst periods between July 21, 2011 and July 28, 2011 when shares fell for six straight trading days, falling 10.8% (-$10.82).

Shares of Westlake Chemical Corporation (NYSE:WLK) are trading at $42.64, down 89 cents (-2%) from the previous close of $43.52. Westlake Chemical Corp. operates as a manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $8.73 (-16.7%) from $52.25 to $43.52. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 18.3% (+$5.82). It saw one of its worst periods between July 21, 2011 and July 28, 2011 when shares fell for six straight trading days, falling 7.4% (-$3.98).

Carlisle Companies Inc (NYSE:CSL) stocks are trading at $37.58. This is 76 cents (-1.8%) below the previous close of $38.28, making the company one of the biggest price losers in the sector today. Carlisle Companies, Inc. manufacture and distribute a variety of products across a range of industries, including, among others, roofing, construction, trucking, foodservice, industrial equipment, outdoor power equipment and aircraft manufacturing.

Stock Price Performance: From June 21, 2011, to September 15, 2011, the stock price had fallen $10.31 (-21.2%) from $48.59 to $38.28. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 5, 2011 when shares rose for 10 straight trading days, rising 7.8% (+$3.29). It saw one of its worst periods between April 5, 2011 and April 18, 2011 when shares fell for 10 straight trading days, falling 8% (-$3.66).

 

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