3 Stocks Pushing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,369 declining with 183 unchanged.

The Chemicals industry currently sits up 0.1% versus the S&P 500, which is up 0.2%.

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

3. Air Products & Chemicals ( APD) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Air Products & Chemicals is up $1.34 (1.1%) to $120.88 on light volume. Thus far, 248,473 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 971,200 shares. The stock has ranged in price between $119.40-$121.48 after having opened the day at $119.59 as compared to the previous trading day's close of $119.54.

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 $25.9 billion and is part of the basic materials sector. Shares are up 6.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 10 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.

2. As of noon trading, Praxair ( PX) is up $0.67 (0.5%) to $131.66 on light volume. Thus far, 208,182 shares of Praxair exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $130.65-$131.94 after having opened the day at $131.14 as compared to the previous trading day's close of $130.99.

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $38.8 billion and is part of the basic materials sector. Shares are up 0.7% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Praxair a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, revenue growth and notable return on equity. 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 Praxair 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, Dow Chemical ( DOW) is up $0.57 (1.1%) to $52.57 on light volume. Thus far, 2.5 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $51.92-$52.65 after having opened the day at $51.94 as compared to the previous trading day's close of $52.00.

The Dow Chemical Company manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $63.6 billion and is part of the basic materials sector. Shares are up 17.1% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Dow Chemical a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Dow Chemical as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Dow 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.

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).

null

More from Markets

Dow Falls, S&P 500 Trades Lower as P&G and Apple Slump

Dow Falls, S&P 500 Trades Lower as P&G and Apple Slump

Video: Jim Cramer on Apple, Procter & Gamble, Nucor and Acacia Communications

Video: Jim Cramer on Apple, Procter & Gamble, Nucor and Acacia Communications

Video: Jim Cramer Reveals Why Stocks Are Moving Lower Thursday

Video: Jim Cramer Reveals Why Stocks Are Moving Lower Thursday

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'