5 Chemicals Stocks Driving The Industry Higher

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 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Chemicals industry currently is unchanged today versus the S&P 500, which is down 0.17. A company within the industry that increased today was LyondellBasell Industries ( LYB), up 0.54. On the negative front, top decliners within the industry include Valhi ( VHI), down 1.78, and Sociedad Quimica Y Minera De Chile ( SQM), down 0.68.

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

5. Methanex Corporation ( MEOH) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Methanex Corporation is up $0.42 (0.96) to $44.27 on light volume Thus far, 84,632 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 469,800 shares. The stock has ranged in price between $43.74-$44.33 after having opened the day at $44.05 as compared to the previous trading day's close of $43.85.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors. The company also purchases and re-sells methanol produced by others. Methanex Corporation has a market cap of $4.2 billion and is part of the basic materials sector. Shares are up 38.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Methanex Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Methanex Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Methanex Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Williams Partners ( WPZ) is up $0.09 (0.19) to $48.05 on light volume Thus far, 251,702 shares of Williams Partners exchanged hands as compared to its average daily volume of 867,700 shares. The stock has ranged in price between $47.70-$48.18 after having opened the day at $47.78 as compared to the previous trading day's close of $47.96.

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 $19.9 billion and is part of the basic materials sector. The company has a P/E ratio of 31.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.4% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Williams Partners a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Williams Partners as a buy. Among the primary strengths of the company is its expanding profit margins over time. 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Airgas ( ARG) is up $0.59 (0.61) to $96.68 on average volume Thus far, 258,720 shares of Airgas exchanged hands as compared to its average daily volume of 459,100 shares. The stock has ranged in price between $96.43-$97.68 after having opened the day at $96.43 as compared to the previous trading day's close of $96.09.

Airgas, Inc., through its subsidiaries, engages in the distribution of industrial, medical, and specialty gases in the United States. Airgas has a market cap of $7.0 billion and is part of the basic materials sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Airgas a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Airgas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Airgas Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Celanese Corporation ( CE) is up $0.50 (1.05) to $48.13 on light volume Thus far, 250,094 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $47.51-$48.24 after having opened the day at $47.75 as compared to the previous trading day's close of $47.63.

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 $7.6 billion and is part of the basic materials sector. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 7.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Celanese Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, CF Industries Holdings ( CF) is up $1.87 (0.99) to $190.50 on average volume Thus far, 397,776 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 980,400 shares. The stock has ranged in price between $187.96-$191.18 after having opened the day at $188.70 as compared to the previous trading day's close of $188.63.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products worldwide. It operates in two segments, Nitrogen and Phosphate. CF Industries Holdings has a market cap of $11.0 billion and is part of the basic materials sector. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 7.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates CF Industries Holdings 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, attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full CF Industries Holdings Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 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.
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