3 Stocks Boosting 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 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Chemicals industry currently sits down 0.5% versus the S&P 500, which is down 0.4%.

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

3. Westlake Chemical ( WLK) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Westlake Chemical is up $2.17 (2.9%) to $77.38 on heavy volume. Thus far, 552,960 shares of Westlake Chemical exchanged hands as compared to its average daily volume of 714,000 shares. The stock has ranged in price between $74.73-$77.51 after having opened the day at $75.29 as compared to the previous trading day's close of $75.21.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. Westlake Chemical has a market cap of $9.5 billion and is part of the basic materials sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 23.2% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Westlake Chemical a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Westlake Chemical 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, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Westlake Chemical Ratings Report now.

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2. As of noon trading, Air Products & Chemicals ( APD) is up $0.67 (0.6%) to $120.02 on average volume. Thus far, 612,959 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $118.40-$120.38 after having opened the day at $118.99 as compared to the previous trading day's close of $119.35.

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 $25.1 billion and is part of the basic materials sector. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are up 6.8% year-to-date as of the close of trading on Monday. Currently there are 7 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 revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

1. As of noon trading, LyondellBasell Industries ( LYB) is up $0.64 (0.7%) to $94.30 on light volume. Thus far, 982,702 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $92.97-$94.43 after having opened the day at $93.40 as compared to the previous trading day's close of $93.66.

LyondellBasell Industries N.V., together with its subsidiaries, manufactures chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for production of polymers. LyondellBasell Industries has a market cap of $48.7 billion and is part of the basic materials sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 16.7% 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, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 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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