Celanese Corporation (CE): Today's Featured Chemicals Winner

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

Celanese Corporation ( CE) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.3%. By the end of trading, Celanese Corporation rose $1.15 (2.4%) to $49.41 on average volume. Throughout the day, 1,456,979 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 1,477,600 shares. The stock ranged in a price between $47.82-$49.41 after having opened the day at $48.26 as compared to the previous trading day's close of $48.26. Other companies within the Chemicals industry that increased today were: Ikonics Corporation ( IKNX), up 6.9%, Pure Bioscience ( PURE), up 6.0%, Kronos Worldwide ( KRO), up 5.9% and Flexible Solutions International ( FSI), up 5.3%.
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Celanese Corporation engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company operates in four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates. Celanese Corporation has a market cap of $7.7 billion and is part of the basic materials sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Celanese Corporation as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Innophos Holdings ( IPHS), down 5.0%, TOR Minerals International ( TORM), down 4.1%, Pacific Ethanol ( PEIX), down 3.5% and Ceres ( CERE), down 3.3% , were all laggards within the chemicals industry with LyondellBasell Industries ( LYB) being today's chemicals industry laggard.

For investors not wanting singular stock exposure, 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).

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