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 122 points (0.7%) at 17,066 as of Monday, July 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,069 issues advancing vs. 930 declining with 155 unchanged.

The Chemicals industry currently sits up 0.8% versus the S&P 500, which is up 0.5%.

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

3. Agrium ( AGU) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Agrium is up $0.87 (1.0%) to $89.19 on average volume. Thus far, 275,099 shares of Agrium exchanged hands as compared to its average daily volume of 553,000 shares. The stock has ranged in price between $88.58-$89.19 after having opened the day at $88.60 as compared to the previous trading day's close of $88.32.

Agrium Inc. produces, retails, and distributes the crop nutrients, crop protection products, seeds, and agronomics primarily in North America, South America, Europe, and Australia. The company operates through two segments, Retail and Wholesale. Agrium has a market cap of $12.8 billion and is part of the basic materials sector. Shares are down 3.5% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Agrium a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Agrium 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, Methanex ( MEOH) is up $1.95 (3.1%) to $63.80 on average volume. Thus far, 370,587 shares of Methanex exchanged hands as compared to its average daily volume of 945,100 shares. The stock has ranged in price between $62.62-$64.35 after having opened the day at $62.66 as compared to the previous trading day's close of $61.85.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors in the Asia Pacific, North America, Europe, and South America. It also purchases and re-sells methanol produced by others on the spot market. Methanex has a market cap of $6.0 billion and is part of the basic materials sector. Shares are up 4.4% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Methanex a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Methanex as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Methanex 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, Praxair ( PX) is up $0.95 (0.7%) to $132.54 on average volume. Thus far, 337,031 shares of Praxair exchanged hands as compared to its average daily volume of 881,700 shares. The stock has ranged in price between $131.60-$132.54 after having opened the day at $132.23 as compared to the previous trading day's close of $131.59.

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 $38.6 billion and is part of the basic materials sector. Shares are up 1.2% year-to-date as of the close of trading on Friday. 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 growth in earnings per share, increase in net income, revenue growth, notable return on equity and good cash flow from operations. 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.

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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