4 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 45 points (0.3%) at 14,027 as of Tuesday, Feb. 19, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 965 declining with 159 unchanged.

The Chemicals industry currently sits up 0.4% versus the S&P 500, which is up 0.5%. A company within the industry that increased today was Braskem ( BAK), up 7.7%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Rockwood Holdings ( ROC) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Rockwood Holdings is up $3.63 (6.3%) to $61.13 on heavy volume Thus far, 1.5 million shares of Rockwood Holdings exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $58.25-$62.26 after having opened the day at $59.02 as compared to the previous trading day's close of $57.50.

Rockwood Holdings, Inc. develops, manufactures, and markets specialty chemicals and materials for industrial and commercial applications primarily in Germany, the United States, and Europe. Rockwood Holdings has a market cap of $4.5 billion and is part of the basic materials sector. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Rockwood Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rockwood Holdings as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Rockwood Holdings Ratings Report now.

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