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 79 points (0.5%) at 15,467 as of Wednesday, May 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,746 issues advancing vs. 1,183 declining with 133 unchanged. The Chemicals industry currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the industry include Air Products & Chemicals ( APD), up 1.1%, and Eastman Chemical Company ( EMN), up 1.0%. TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today: 4. W. R. Grace ( GRA) is one of the companies pushing the Chemicals industry higher today. As of noon trading, W. R. Grace is up $1.67 (2.08) to $81.93 on average volume Thus far, 404,593 shares of W. R. Grace exchanged hands as compared to its average daily volume of 553,400 shares. The stock has ranged in price between $80.51-$82.58 after having opened the day at $80.52 as compared to the previous trading day's close of $80.26. W.R. Grace & Co. engages in the production and sale of specialty chemicals and materials worldwide. W. R. Grace has a market cap of $6.1 billion and is part of the basic materials sector. The company has a P/E ratio of 72.0, above the S&P 500 P/E ratio of 17.7. Shares are up 19.4% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate W. R. Grace a buy, no analysts rate it a sell, and 1 rates it a hold. TheStreet Ratings rates W. R. Grace as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. Get the full W. R. Grace 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.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.