4 Stocks Moving The Chemicals Industry Upward

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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Chemicals industry currently sits down 0.15 versus the S&P 500, which is down 0.48.

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

4. Williams Partners ( WPZ) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Williams Partners is up $0.76 (1.46) to $52.98 on light volume Thus far, 273,147 shares of Williams Partners exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $52.22-$53.06 after having opened the day at $52.22 as compared to the previous trading day's close of $52.22.

Williams Partners L.P., an energy infrastructure company, focuses on connecting North America's hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in two segments, Gas Pipeline and Midstream Gas & Liquids. Williams Partners has a market cap of $21.1 billion and is part of the basic materials sector. The company has a P/E ratio of 28.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Williams Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Williams Partners Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

3. As of noon trading, Sherwin-Williams Company ( SHW) is up $3.73 (2.18) to $174.62 on heavy volume Thus far, 1.2 million shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 772,100 shares. The stock has ranged in price between $168.61-$177.01 after having opened the day at $169.99 as compared to the previous trading day's close of $170.89.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. Sherwin-Williams Company has a market cap of $18.0 billion and is part of the basic materials sector. The company has a P/E ratio of 29.0, above the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Sherwin-Williams Company Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

2. As of noon trading, Potash Corporation of Saskatchewan ( POT) is up $0.28 (0.74) to $38.30 on average volume Thus far, 2.6 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $38.12-$38.61 after having opened the day at $38.25 as compared to the previous trading day's close of $38.02.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $33.3 billion and is part of the basic materials sector. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. Shares are down 6.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Potash Corporation of Saskatchewan Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, PPG Industries ( PPG) is up $8.20 (6.19) to $140.60 on average volume Thus far, 1.5 million shares of PPG Industries exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $135.66-$142.00 after having opened the day at $138.23 as compared to the previous trading day's close of $132.40.

PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $19.2 billion and is part of the basic materials sector. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are down 2.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance 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 PPG Industries Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).

A reminder about TheStreet Ratings group: 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.

null

More from Markets

Stocks Search for Direction as Trump Comments Lead to Worries Over China Talks

Stocks Search for Direction as Trump Comments Lead to Worries Over China Talks

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

General Electric's Stock Gets Routed as CEO Flannery Flubs Presentation

General Electric's Stock Gets Routed as CEO Flannery Flubs Presentation

Italy's President Gives Mandate For Anti-European Government in Rome

Italy's President Gives Mandate For Anti-European Government in Rome