4 Stocks Moving The Chemicals Industry Upward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 5 points (0.0%) at 16,485 as of Friday, Dec. 27, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,370 issues advancing vs. 1,569 declining with 149 unchanged.

The Chemicals industry currently sits up 0.4% versus the S&P 500, which is unchanged.

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

4. Westlake Chemical Corporation ( WLK) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Westlake Chemical Corporation is up $2.36 (2.0%) to $120.66 on average volume. Thus far, 180,930 shares of Westlake Chemical Corporation exchanged hands as compared to its average daily volume of 354,000 shares. The stock has ranged in price between $119.38-$121.43 after having opened the day at $119.46 as compared to the previous trading day's close of $118.30.

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 $7.9 billion and is part of the basic materials sector. Shares are up 49.2% year to date as of the close of trading on Thursday. 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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