4 Stocks Boosting The Chemicals 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 87 points (0.5%) at 16,266 as of Friday, Dec. 20, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,274 issues advancing vs. 691 declining with 120 unchanged.

The Chemicals industry currently sits up 1.0% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Potash Corporation of Saskatchewan ( POT), up 1.4%, and Air Products & Chemicals ( APD), up 0.7%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Sociedad Quimica Y Minera De Chile ( SQM) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Sociedad Quimica Y Minera De Chile is up $0.80 (3.4%) to $24.20 on average volume. Thus far, 383,949 shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 737,600 shares. The stock has ranged in price between $23.49-$24.29 after having opened the day at $23.50 as compared to the previous trading day's close of $23.40.

Chemical and Mining Company of Chile Inc. engages in the production and distribution of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and potassium sulfate, industrial chemicals, and other commodity fertilizers. Sociedad Quimica Y Minera De Chile has a market cap of $6.1 billion and is part of the basic materials sector. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are down 59.4% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Sociedad Quimica Y Minera De Chile a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Sociedad Quimica Y Minera De Chile 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.

3. As of noon trading, Williams Partners ( WPZ) is up $0.59 (1.2%) to $49.61 on average volume. Thus far, 449,183 shares of Williams Partners exchanged hands as compared to its average daily volume of 620,600 shares. The stock has ranged in price between $48.80-$49.75 after having opened the day at $48.80 as compared to the previous trading day's close of $49.02.

Williams Partners L.P., an energy infrastructure company, focuses on connecting North America's hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in two segments, Gas Pipeline and Midstream Gas & Liquids. Williams Partners has a market cap of $21.6 billion and is part of the basic materials sector. The company has a P/E ratio of 27.9, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Williams Partners a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Williams Partners as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Williams Partners 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, Methanex Corporation ( MEOH) is up $1.65 (2.9%) to $58.10 on average volume. Thus far, 502,587 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 732,300 shares. The stock has ranged in price between $56.84-$58.92 after having opened the day at $57.75 as compared to the previous trading day's close of $56.45.

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 $5.4 billion and is part of the basic materials sector. The company has a P/E ratio of 93.6, above the S&P 500 P/E ratio of 17.7. Shares are up 76.2% year to date as of the close of trading on Thursday. Currently there are 3 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

1. As of noon trading, Eastman Chemical Company ( EMN) is up $0.94 (1.2%) to $75.95 on heavy volume. Thus far, 2.1 million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $75.24-$76.08 after having opened the day at $75.40 as compared to the previous trading day's close of $75.01.

Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $11.5 billion and is part of the basic materials sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 10.2% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 3 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 compelling growth in net income, revenue growth, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

If you are interested in one of these 4 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).
null

If you liked this article you might like

IBM, Under Armour, Workday, NextEra Energy: 'Mad Money' Lightning Round

IBM, Under Armour, Workday, NextEra Energy: 'Mad Money' Lightning Round

Hold on for a Wild Ride: Cramer's 'Mad Money' Recap (Friday 12/1/17)

Hold on for a Wild Ride: Cramer's 'Mad Money' Recap (Friday 12/1/17)

Edwards Lifesciences, AeroVironment, Oshkosh Truck: 'Mad Money' Lightning Round

Edwards Lifesciences, AeroVironment, Oshkosh Truck: 'Mad Money' Lightning Round

Beware This Bull Stampede: Cramer's 'Mad Money' Recap (Tuesday 10/3/17)

Beware This Bull Stampede: Cramer's 'Mad Money' Recap (Tuesday 10/3/17)

Here's Why SQM Stock Is Climbing Today

Here's Why SQM Stock Is Climbing Today