3 Stocks Advancing The Chemicals Industry

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 93 points (0.6%) at 15,285 as of Wednesday, Sept. 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.

The Chemicals industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. A company within the industry that increased today was E.I. du Pont de Nemours & Company ( DD), up 0.7%. On the negative front, top decliners within the industry include Potash Corporation of Saskatchewan ( POT), down 3.2%, and Mosaic ( MOS), down 1.6%.

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

3. Eastman Chemical Company ( EMN) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Eastman Chemical Company is up $0.83 (1.1%) to $78.28 on average volume. Thus far, 774,611 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $77.57-$78.44 after having opened the day at $77.70 as compared to the previous trading day's close of $77.45.

Engaged in the manufacture and sale of a portfolio of chemicals, plastics and fibers. The Company began business in 1920, for the purpose of producing chemicals for Eastman Kodak Company's photographic business. Eastman Chemical Company has a market cap of $12.0 billion and is part of the basic materials sector. Shares are up 14.3% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eastman Chemical Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Eastman Chemical Company 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, Sherwin-Williams Company ( SHW) is up $1.80 (1.0%) to $177.04 on light volume. Thus far, 196,323 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 823,500 shares. The stock has ranged in price between $174.64-$177.24 after having opened the day at $175.62 as compared to the previous trading day's close of $175.23.

Transportation Assets Include: 325 Tractors 1000 Trailers. Sherwin-Williams Company has a market cap of $18.0 billion and is part of the basic materials sector. Shares are up 13.9% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Sherwin-Williams Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sherwin-Williams Company 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, Praxair ( PX) is up $1.14 (0.9%) to $121.07 on light volume. Thus far, 300,277 shares of Praxair exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $119.52-$121.34 after having opened the day at $120.18 as compared to the previous trading day's close of $119.93.

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $35.2 billion and is part of the basic materials sector. Shares are up 9.6% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Praxair 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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