5 Chemicals Stocks Moving The 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Chemicals industry currently is unchanged today versus the S&P 500, which is unchanged. A company within the industry that increased today was Braskem ( BAK), up 2.72.

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

5. Albemarle ( ALB) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Albemarle is up $1.39 (2.34) to $60.86 on average volume Thus far, 472,342 shares of Albemarle exchanged hands as compared to its average daily volume of 735,600 shares. The stock has ranged in price between $59.25-$61.23 after having opened the day at $59.65 as compared to the previous trading day's close of $59.47.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. Albemarle has a market cap of $5.2 billion and is part of the basic materials sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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 Albemarle Ratings Report now.

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