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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Chemicals industry currently sits down 0.1% versus the S&P 500, which is up 0.4%. A company within the industry that increased today was Sherwin-Williams ( SHW), up 0.7%.

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

3. Minerals Technologies ( MTX) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Minerals Technologies is up $2.77 (4.8%) to $60.09 on heavy volume. Thus far, 212,585 shares of Minerals Technologies exchanged hands as compared to its average daily volume of 160,900 shares. The stock has ranged in price between $58.25-$60.75 after having opened the day at $59.53 as compared to the previous trading day's close of $57.32.

Minerals Technologies Inc., a resource and technology based company, develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. Minerals Technologies has a market cap of $2.0 billion and is part of the basic materials sector. Shares are down 4.6% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Minerals Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Minerals Technologies as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Minerals Technologies 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, Sigma-Aldrich ( SIAL) is up $0.85 (0.8%) to $101.46 on light volume. Thus far, 178,008 shares of Sigma-Aldrich exchanged hands as compared to its average daily volume of 524,600 shares. The stock has ranged in price between $100.47-$101.63 after having opened the day at $100.62 as compared to the previous trading day's close of $100.61.

Sigma-Aldrich Corporation, a life science and high technology company, develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment worldwide. Sigma-Aldrich has a market cap of $12.0 billion and is part of the basic materials sector. Shares are up 7.0% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Sigma-Aldrich a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Sigma-Aldrich 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, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Sigma-Aldrich 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, PPG Industries ( PPG) is up $1.50 (0.8%) to $198.82 on light volume. Thus far, 191,737 shares of PPG Industries exchanged hands as compared to its average daily volume of 557,300 shares. The stock has ranged in price between $197.02-$199.06 after having opened the day at $198.03 as compared to the previous trading day's close of $197.32.

PPG Industries, Inc. manufactures and distributes coatings, optical and specialty materials, and glass products. The company operates in five segments: Performance Coatings, Industrial Coatings, Architectural Coatings, Optical and Specialty Materials, and Glass. PPG Industries has a market cap of $27.4 billion and is part of the basic materials sector. Shares are up 4.0% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate PPG Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PPG 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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