3 Chemicals Stocks On The Rise

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Chemicals industry currently is unchanged today versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Dow Chemical ( DOW), up 0.8%.

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

3. Scotts Miracle Gro ( SMG) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Scotts Miracle Gro is up $1.79 (3.0%) to $61.01 on average volume. Thus far, 194,121 shares of Scotts Miracle Gro exchanged hands as compared to its average daily volume of 342,000 shares. The stock has ranged in price between $60.20-$61.54 after having opened the day at $60.39 as compared to the previous trading day's close of $59.22.

The Scotts Miracle-Gro Company is engaged in manufacturing, marketing, and selling consumer lawn and garden care products. Scotts Miracle Gro has a market cap of $3.7 billion and is part of the basic materials sector. Shares are down 4.8% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Scotts Miracle Gro a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Scotts Miracle Gro as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, solid stock price performance and increase in net income. 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 Scotts Miracle Gro Ratings Report now.

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