4 Stocks Improving Performance Of The Chemicals Industry

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.

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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3. As of noon trading, Air Products & Chemicals ( APD) is up $1.35 (1.3%) to $107.59 on average volume. Thus far, 387,240 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $105.75-$107.76 after having opened the day at $106.96 as compared to the previous trading day's close of $106.24.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates through four segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Air Products & Chemicals has a market cap of $22.6 billion and is part of the basic materials sector. The company has a P/E ratio of 22.6, above 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 8 analysts who rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Air Products & Chemicals 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, CF Industries Holdings ( CF) is up $2.96 (1.3%) to $234.75 on light volume. Thus far, 271,784 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 779,200 shares. The stock has ranged in price between $230.87-$236.18 after having opened the day at $231.90 as compared to the previous trading day's close of $231.79.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products worldwide. It operates in two segments, Nitrogen and Phosphate. CF Industries Holdings has a market cap of $13.3 billion and is part of the basic materials sector. The company has a P/E ratio of 8.8, below the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates CF Industries Holdings as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CF Industries Holdings 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 $1.07 (1.4%) to $76.81 on average volume. Thus far, 1.3 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $75.76-$77.49 after having opened the day at $75.96 as compared to the previous trading day's close of $75.74.

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 $42.0 billion and is part of the basic materials sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who 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 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).

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