3 Chemicals Stocks Pushing 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,714 as of Tuesday, June 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,066 issues advancing vs. 1,889 declining with 193 unchanged.

The Chemicals industry currently sits down 0.7% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Potash Corp of Saskatchewan ( POT), down 0.7%, and Monsanto ( MON), down 0.6%.

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

3. Celanese ( CE) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Celanese is up $0.40 (0.6%) to $63.22 on light volume. Thus far, 326,884 shares of Celanese exchanged hands as compared to its average daily volume of 997,700 shares. The stock has ranged in price between $62.46-$63.56 after having opened the day at $62.49 as compared to the previous trading day's close of $62.82.

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. Celanese has a market cap of $9.8 billion and is part of the basic materials sector. Shares are up 13.6% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Celanese a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Celanese 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. Get the full Celanese Ratings Report now.

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2. As of noon trading, Eastman Chemical ( EMN) is up $0.52 (0.6%) to $89.64 on average volume. Thus far, 650,094 shares of Eastman Chemical exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $88.69-$89.74 after having opened the day at $88.69 as compared to the previous trading day's close of $89.12.

Eastman Chemical Company, a specialty chemical company, manufactures and sells chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical has a market cap of $13.3 billion and is part of the basic materials sector. Shares are up 10.4% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Eastman Chemical a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Eastman Chemical as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Eastman Chemical 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, CF Industries Holdings ( CF) is up $1.89 (0.8%) to $246.39 on light volume. Thus far, 249,049 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 834,500 shares. The stock has ranged in price between $243.83-$246.46 after having opened the day at $244.39 as compared to the previous trading day's close of $244.50.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products worldwide. It operates in two segments, Nitrogen and Phosphate. CF Industries Holdings has a market cap of $12.7 billion and is part of the basic materials sector. Shares are up 4.9% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates CF Industries Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full CF Industries Holdings 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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