3 Chemicals Stocks Driving The Industry Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,093 as of Tuesday, Nov. 26, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,560 issues advancing vs. 1,331 declining with 131 unchanged.

The Chemicals industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. A company within the industry that increased today was LyondellBasell Industries ( LYB), up 1.0%. A company within the industry that fell today was Sherwin-Williams Company ( SHW), up 0.6%.

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

3. Westlake Chemical Corporation ( WLK) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Westlake Chemical Corporation is up $1.22 (1.1%) to $113.94 on light volume. Thus far, 80,967 shares of Westlake Chemical Corporation exchanged hands as compared to its average daily volume of 361,600 shares. The stock has ranged in price between $112.64-$114.11 after having opened the day at $112.84 as compared to the previous trading day's close of $112.72.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. Westlake Chemical Corporation has a market cap of $7.7 billion and is part of the basic materials sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 45.9% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Westlake Chemical Corporation a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Westlake Chemical Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Westlake Chemical Corporation Ratings Report now.

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2. As of noon trading, Celanese Corporation ( CE) is up $0.92 (1.7%) to $55.82 on average volume. Thus far, 383,130 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 982,400 shares. The stock has ranged in price between $54.92-$55.92 after having opened the day at $54.92 as compared to the previous trading day's close of $54.91.

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 $8.8 billion and is part of the basic materials sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 26.0% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Celanese Corporation a buy, 1 analyst rates 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, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Celanese Corporation Ratings Report now.

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1. As of noon trading, Huntsman Corporation ( HUN) is up $0.51 (2.3%) to $23.00 on average volume. Thus far, 1.9 million shares of Huntsman Corporation exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $22.70-$23.04 after having opened the day at $23.01 as compared to the previous trading day's close of $22.49.

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 $5.5 billion and is part of the basic materials sector. The company has a P/E ratio of 107.7, above the S&P 500 P/E ratio of 17.7. Shares are up 42.3% year to date as of the close of trading on Monday. 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. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Huntsman 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.

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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