Cytec Industries (CYT): Today's Featured Chemicals Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cytec Industries ( CYT) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.4%. By the end of trading, Cytec Industries rose $0.99 (1.3%) to $76.16 on average volume. Throughout the day, 609,125 shares of Cytec Industries exchanged hands as compared to its average daily volume of 675,100 shares. The stock ranged in a price between $75.23-$76.80 after having opened the day at $75.23 as compared to the previous trading day's close of $75.17. Other companies within the Chemicals industry that increased today were: Flexible Solutions International ( FSI), up 14.3%, Pacific Ethanol ( PEIX), up 5.8%, Senomyx ( SNMX), up 5.5% and Taminco ( TAM), up 2.8%.

Cytec Industries Inc., a specialty chemicals and materials company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastic industries worldwide. Cytec Industries has a market cap of $3.3 billion and is part of the basic materials sector. Shares are up 9.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Cytec Industries a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cytec Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, TOR Minerals International ( TORM), down 3.5%, Ceres ( CERE), down 3.3%, Methes Energies International ( MEIL), down 3.0% and Gevo ( GEVO), down 2.7% , were all laggards within the chemicals industry with Airgas ( ARG) 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).

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