5 Chemicals Stocks On The Rise

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 142 points (1.0%) at 14,816 as of Wednesday, April 10, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,253 issues advancing vs. 654 declining with 139 unchanged.

The Chemicals industry currently sits up 0.7% versus the S&P 500, which is up 1.2%. Top gainers within the industry include Braskem ( BAK), up 4.0%, Dow Chemical ( DOW), up 1.1% and Praxair ( PX), up 0.9%. A company within the industry that fell today was Sociedad Quimica Y Minera De Chile ( SQM), up 1.56.

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

5. NewMarket Corporation ( NEU) is one of the companies pushing the Chemicals industry higher today. As of noon trading, NewMarket Corporation is up $9.85 (3.74) to $273.11 on average volume Thus far, 27,971 shares of NewMarket Corporation exchanged hands as compared to its average daily volume of 56,000 shares. The stock has ranged in price between $263.74-$273.92 after having opened the day at $263.74 as compared to the previous trading day's close of $263.26.

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives and real estate development businesses. It operates in two segments, Petroleum Additives and Real Estate Development. NewMarket Corporation has a market cap of $3.5 billion and is part of the basic materials sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates NewMarket Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. 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 NewMarket Corporation Ratings Report now.

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