3 Chemicals Stocks Pushing The Industry Higher

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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.

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