Huntsman Corporation (HUN): 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.

Huntsman Corporation ( HUN) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day down 0.8%. By the end of trading, Huntsman Corporation rose $0.36 (1.7%) to $21.49 on heavy volume. Throughout the day, 8,929,687 shares of Huntsman Corporation exchanged hands as compared to its average daily volume of 3,329,100 shares. The stock ranged in a price between $21.03-$21.71 after having opened the day at $21.13 as compared to the previous trading day's close of $21.13. Other companies within the Chemicals industry that increased today were: BioAmber ( BIOA), up 11.7%, Ikonics Corporation ( IKNX), up 5.0%, China Green Agriculture ( CGA), up 4.0% and American Vanguard Corporation ( AVD), up 1.7%.

Huntsman Corporation and its subsidiaries engage in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments. Huntsman Corporation has a market cap of $5.0 billion and is part of the basic materials sector. Shares are up 29.4% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Huntsman Corporation a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Huntsman Corporation as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, BioFuel Energy Corporation ( BIOF), down 6.1%, Marrone Bio Innovations ( MBII), down 5.4%, Methes Energies International ( MEIL), down 5.1% and Innospec ( IOSP), down 3.7% , were all laggards within the chemicals industry with E.I. du Pont de Nemours & Company ( DD) 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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