3 Chemicals Stocks Pushing Industry Growth

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 5 points (0.0%) at 17,085 as of Friday, Aug. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,872 issues advancing vs. 1,050 declining with 205 unchanged.

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

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

3. Axiall ( AXLL) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Axiall is up $0.74 (1.8%) to $41.84 on light volume. Thus far, 174,783 shares of Axiall exchanged hands as compared to its average daily volume of 778,000 shares. The stock has ranged in price between $41.08-$41.93 after having opened the day at $41.08 as compared to the previous trading day's close of $41.11.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Axiall Corporation manufactures and markets chemicals and building products in North America. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics. Axiall has a market cap of $2.9 billion and is part of the basic materials sector. Shares are down 13.3% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Axiall a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Axiall as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Axiall Ratings Report now.

STOCKS TO BUY: 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, Westlake Chemical ( WLK) is up $0.84 (0.9%) to $96.93 on light volume. Thus far, 100,695 shares of Westlake Chemical exchanged hands as compared to its average daily volume of 514,800 shares. The stock has ranged in price between $96.08-$97.10 after having opened the day at $96.19 as compared to the previous trading day's close of $96.09.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. Westlake Chemical has a market cap of $12.8 billion and is part of the basic materials sector. Shares are up 57.4% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Westlake Chemical a buy, no analysts rate it a sell, and 4 rate it a hold.

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

STOCKS TO BUY: 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, Celanese ( CE) is up $0.42 (0.7%) to $62.36 on light volume. Thus far, 214,157 shares of Celanese exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $62.05-$62.52 after having opened the day at $62.16 as compared to the previous trading day's close of $61.94.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $9.6 billion and is part of the basic materials sector. Shares are up 12.0% year-to-date as of the close of trading on Thursday. 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 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 Celanese Ratings Report now.

STOCKS TO BUY: 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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