3 Chemicals Stocks Driving 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

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

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

3. Williams Partners ( WPZ) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Williams Partners is up $0.64 (1.3%) to $51.29 on light volume. Thus far, 163,612 shares of Williams Partners exchanged hands as compared to its average daily volume of 684,700 shares. The stock has ranged in price between $50.51-$51.29 after having opened the day at $50.66 as compared to the previous trading day's close of $50.65.

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 $22.3 billion and is part of the basic materials sector. Shares are down 0.4% year-to-date as of the close of trading on Wednesday. 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 lackluster performance in the stock itself. 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.

2. As of noon trading, Sherwin-Williams Company ( SHW) is up $3.72 (1.9%) to $195.97 on heavy volume. Thus far, 713,123 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 749,100 shares. The stock has ranged in price between $193.30-$200.00 after having opened the day at $194.00 as compared to the previous trading day's close of $192.25.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers worldwide. Sherwin-Williams Company has a market cap of $19.2 billion and is part of the basic materials sector. Shares are up 4.8% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Sherwin-Williams Company a buy, 1 analyst rates it a sell, and 5 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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, PPG Industries ( PPG) is up $5.19 (2.7%) to $196.82 on heavy volume. Thus far, 962,879 shares of PPG Industries exchanged hands as compared to its average daily volume of 879,800 shares. The stock has ranged in price between $196.48-$200.00 after having opened the day at $199.99 as compared to the previous trading day's close of $191.63.

PPG Industries, Inc. manufactures and distributes coatings, optical and specialty materials, and glass products. The company operates in five segments: Performance Coatings, Industrial Coatings, Architectural Coatings, Optical and Specialty Materials, and Glass. PPG Industries has a market cap of $26.1 billion and is part of the basic materials sector. Shares are up 1.0% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate PPG Industries a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates PPG Industries 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, impressive record of earnings per share growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PPG 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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