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EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

3 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Chemicals industry currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Williams Partners ( WPZ), down 1.1%, and Sociedad Quimica Y Minera De Chile ( SQM), down 0.8%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Eastman Chemical Company ( EMN) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Eastman Chemical Company is up $0.53 (0.8%) to $63.88 on heavy volume Thus far, 1.5 million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $63.25-$64.64 after having opened the day at $63.91 as compared to the previous trading day's close of $63.35.

Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $9.5 billion and is part of the basic materials sector. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are up 59.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eastman Chemical Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Eastman Chemical Company Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

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