3 Chemicals Stocks On The Rise

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Chemicals industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Sociedad Quimica Y Minera De Chile ( SQM), up 1.6%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Methanex Corporation ( MEOH) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Methanex Corporation is up $0.75 (1.7%) to $44.66 on light volume. Thus far, 90,931 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 447,300 shares. The stock has ranged in price between $43.97-$44.72 after having opened the day at $43.97 as compared to the previous trading day's close of $43.91.

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 37.0% 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.

2. As of noon trading, Air Products & Chemicals ( APD) is up $0.50 (0.5%) to $96.46 on average volume. Thus far, 1.0 million shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $94.86-$96.60 after having opened the day at $95.70 as compared to the previous trading day's close of $95.96.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. Air Products & Chemicals has a market cap of $19.2 billion and is part of the basic materials sector. Shares are up 9.9% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year, good cash flow from operations 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 Air Products & Chemicals 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, LyondellBasell Industries ( LYB) is up $0.42 (0.6%) to $69.39 on light volume. Thus far, 1.3 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $68.58-$69.48 after having opened the day at $68.74 as compared to the previous trading day's close of $68.97.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $39.3 billion and is part of the basic materials sector. Shares are up 19.6% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries 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 3 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).

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