4 Stocks Improving Performance Of The Chemicals Industry

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 15,878 as of Tuesday, Jan. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 972 declining with 141 unchanged.

The Chemicals industry currently sits up 0.5% versus the S&P 500, which is up 0.3%.

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 $2.18 (1.9%) to $118.14 on average volume. Thus far, 138,131 shares of Westlake Chemical Corporation exchanged hands as compared to its average daily volume of 363,400 shares. The stock has ranged in price between $116.40-$118.99 after having opened the day at $116.40 as compared to the previous trading day's close of $115.96.

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 down 5.0% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who 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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