3 Stocks Driving 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Chemicals industry currently sits down 0.7% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was LyondellBasell Industries ( LYB), up 0.6%.

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

3. 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 $0.31 (1.0%) to $31.01 on average volume. Thus far, 591,107 shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $30.38-$31.58 after having opened the day at $30.90 as compared to the previous trading day's close of $30.70.

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 $8.2 billion and is part of the basic materials sector. Shares are up 18.6% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who 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 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. 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.

2. As of noon trading, Williams Partners ( WPZ) is up $0.74 (1.5%) to $51.41 on light volume. Thus far, 224,800 shares of Williams Partners exchanged hands as compared to its average daily volume of 663,000 shares. The stock has ranged in price between $50.63-$51.42 after having opened the day at $50.77 as compared to the previous trading day's close of $50.67.

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 Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. Williams Partners has a market cap of $22.5 billion and is part of the basic materials sector. Shares are down 0.4% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Williams Partners a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Williams Partners as a buy. Among the primary strengths of the company is its expanding profit margins over time. 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.

1. As of noon trading, Eastman Chemical Company ( EMN) is up $0.57 (0.7%) to $84.69 on light volume. Thus far, 528,296 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 $83.63-$85.06 after having opened the day at $83.79 as compared to the previous trading day's close of $84.12.

Eastman Chemical Company, a specialty chemical company, manufactures and sells chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $13.1 billion and is part of the basic materials sector. Shares are up 4.2% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who 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, notable return on equity, attractive valuation levels and expanding profit margins. 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 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 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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