Chemicals Stocks On The Rise With Help From 3 Stocks
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 171 points (1.0%) at 18,028 as of Monday, March 9, 2015, 1:50 PM ET. The NYSE advances/declines ratio sits at 1,589 issues advancing vs. 1,440 declining with 142 unchanged.
The Chemicals industry currently sits up 0.3% versus the S&P 500, which is up 0.5%. Top gainers within the industry include
(
), up 12.2%,
(
), up 3.8%,
(
), up 1.5%,
(
), up 1.0% and
International Flavors & Fragrances
(
), up 1.5%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Mosaic is up $0.35 (0.7%) to $49.38 on average volume. Thus far, 1.4 million shares of Mosaic exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $49.06-$49.46 after having opened the day at $49.13 as compared to the previous trading day's close of $49.03.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida. Mosaic has a market cap of $17.6 billion and is part of the basic materials sector. Shares are up 7.4% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Mosaic a buy, 2 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Mosaic
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
now.
2. As of noon trading,
(
) is up $1.22 (0.8%) to $153.83 on light volume. Thus far, 331,331 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $152.97-$154.02 after having opened the day at $153.27 as compared to the previous trading day's close of $152.61.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. Air Products & Chemicals has a market cap of $33.2 billion and is part of the basic materials sector. Shares are up 5.8% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Air Products & Chemicals
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Air Products & Chemicals Ratings Report
now.
1. As of noon trading,
(
) is up $4.85 (1.6%) to $302.89 on light volume. Thus far, 248,998 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 704,300 shares. The stock has ranged in price between $298.57-$303.94 after having opened the day at $299.39 as compared to the previous trading day's close of $298.04.
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company's principal nitrogen fertilizer products include ammonia, granular urea, and urea ammonium nitrate solution. CF Industries Holdings has a market cap of $14.5 billion and is part of the basic materials sector. Shares are up 9.4% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
CF Industries Holdings
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
CF Industries Holdings Ratings Report
now.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
(
) while those bearish on the chemicals industry could consider
ProShares Short Basic Materials Fd
(
).
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