5 Stocks Pushing The Chemicals Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 17 points (-0.1%) at 12,949 as of Tuesday, Nov. 27, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,183 declining with 148 unchanged.

The Chemicals industry currently sits up 0.3% versus the S&P 500, which is up 0.0%. A company within the industry that increased today was NewMarket Corporation (NEU), up 4.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Westlake Chemical Corporation (WLK) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Westlake Chemical Corporation is up $3.42 (5.1%) to $70.48 on light volume Thus far, 176,339 shares of Westlake Chemical Corporation exchanged hands as compared to its average daily volume of 510,300 shares. The stock has ranged in price between $70.47-$71.59 after having opened the day at $71.09 as compared to the previous trading day's close of $67.06.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. Westlake Chemical Corporation has a market cap of $5.1 billion and is part of the basic materials sector. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 85.8% year to date as of the close of trading on Monday. Currently there are no analysts that rate Westlake Chemical Corporation a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Westlake Chemical Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Westlake Chemical Corporation Ratings Report now.

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