3 Chemicals Stocks Pushing 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 111 points (0.7%) at 16,536 as of Tuesday, Jan. 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,084 issues advancing vs. 856 declining with 147 unchanged.

The Chemicals industry currently sits up 0.6% versus the S&P 500, which is up 0.6%.

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

3. Sigma-Aldrich Corporation ( SIAL) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Sigma-Aldrich Corporation is up $1.28 (1.4%) to $92.98 on light volume. Thus far, 145,948 shares of Sigma-Aldrich Corporation exchanged hands as compared to its average daily volume of 593,100 shares. The stock has ranged in price between $91.76-$93.13 after having opened the day at $91.91 as compared to the previous trading day's close of $91.70.

Sigma-Aldrich Corporation, a life science and high technology company, develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment worldwide. Sigma-Aldrich Corporation has a market cap of $11.1 billion and is part of the basic materials sector. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Sigma-Aldrich Corporation a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sigma-Aldrich Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Sigma-Aldrich Corporation Ratings Report now.

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2. As of noon trading, Sherwin-Williams Company ( SHW) is up $4.01 (2.2%) to $186.70 on heavy volume. Thus far, 490,765 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 641,600 shares. The stock has ranged in price between $184.57-$187.50 after having opened the day at $184.90 as compared to the previous trading day's close of $182.69.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. Sherwin-Williams Company has a market cap of $18.5 billion and is part of the basic materials sector. The company has a P/E ratio of 27.0, above the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Monday. 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, notable return on equity, expanding profit margins, good cash flow from operations 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 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, LyondellBasell Industries ( LYB) is up $0.52 (0.7%) to $78.49 on light volume. Thus far, 892,407 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $77.90-$78.71 after having opened the day at $78.16 as compared to the previous trading day's close of $77.97.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $43.5 billion and is part of the basic materials sector. The company has a P/E ratio of 13.6, below the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries 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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