Freeport-McMoRan and Newmont Mining Lead These Stocks in the Basic Materials Sector Being Tossed: FCX, NEM, APD, AVY, NEU

Through most of the trading day on Tuesday, October 11, 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) stocks are trading at $35.62. This is 43 cents (-1.1%) below the previous close of $36.03, making the company one of the biggest price losers in the sector today. Freeport-McMoRan Copper & Gold is an international company that mines copper, gold and molybdenum.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $20.24 (-37.3%) from $54.25 to $34.01. 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).

Newmont Mining Corporation (Holding Company) (NYSE:NEM) is among the price losers in the sector as its stock price is $64.17, down 96 cents (-1.7%) from the previous close of $65.27. Newmont Mining explores and acquires gold properties and produces copper.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had risen $6.60 (11.7%) from $56.49 to $63.09. The stock price saw one of its best stretches over the last year between May 13, 2011 and May 31, 2011 when shares rose for 12 straight trading days, rising 7.2% (+$3.76). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 7.5% (-$4.19).

Shares of Air Products and Chemicals, Inc. (NYSE:APD) are trading at $82.08, down 85 cents (-1.1%) from the previous close of $83. Air Products and Chemicals is a global supplier of gases and chemicals for industrial use. It provides customers in the technology, energy, and healthcare sectors with a variety of services and solutions, including atmospheric gases and semiconductor materials.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $10.60 (-11.3%) from $93.60 to $83. The stock price saw one of its best stretches over the last year between December 14, 2010 and December 30, 2010 when shares rose for 12 straight trading days, rising 4.4% (+$3.75). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 10.7% (-$10.11).

Avery Dennison Corporation (NYSE:AVY) is among the price losers in the sector. Its shares are trading at $26.65, which is 46 cents (-1.5%) below the previous close of $27.06. Avery Dennison is a global manufacturer of pressure-sensitive materials, office products, and a variety of paper products. It provides businesses and consumers with identification solutions and converted products, such as tickets, tags, and labels. .

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $11.01 (-28.9%) from $38.07 to $27.06. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 17, 2010 when shares rose for 14 straight trading days, rising 12.7% (+$4.66). It saw one of its worst periods between April 6, 2011 and April 13, 2011 when shares fell for six straight trading days, falling 3.5% (-$1.47).

NewMarket Corporation (NYSE:NEU) is one of the sector losers in price. Its shares are trading at $163.03, down $2.28 (-1.2%) from the previous close of $164.96. NewMarket is a parent company of Afton Chemical Corporation, Ethyl Corporation, NewMarket Services Corporation, and NewMarket Development Corporation. The company operates two segments, petroleum additives and real estate development.

Stock Price Performance: From October 4, 2011, to October 10, 2011, the stock price had risen $14.34 (9.5%) from $150.62 to $164.96. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven straight trading days, rising 7% (+$10.84). It saw one of its worst periods between April 4, 2011 and April 14, 2011 when shares fell for nine straight trading days, falling 7.4% (-$11.95).

 

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