Celanese Corporation (CE): Today's Featured Basic Materials Winner

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.

Celanese Corporation ( CE) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.5%. By the end of trading, Celanese Corporation rose $1.97 (3.4%) to $60.09 on heavy volume. Throughout the day, 3,369,571 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 1,117,600 shares. The stock ranged in a price between $59.94-$61.82 after having opened the day at $60.47 as compared to the previous trading day's close of $58.12. Other companies within the Basic Materials sector that increased today were: Gevo ( GEVO), up 35.6%, Camac Energy ( CAK), up 10.9%, Rare Element Resources ( REE), up 9.0% and Ceres ( CERE), up 7.0%.

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. Celanese Corporation has a market cap of $9.0 billion and is part of the chemicals industry. Shares are up 5.1% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Celanese Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Celanese Corporation 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Arch Coal ( ACI), down 8.4%, Abraxas Petroleum Corporation ( AXAS), down 8.4%, International Tower Hill Mines ( THM), down 8.0% and Ivanhoe Energy ( IVAN), down 6.5% , were all laggards within the basic materials sector with Petroleo Brasileiro SA Petrobras ( PBR.A) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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