Chemicals Stocks On The Rise With Help From 3 Stocks

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

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

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

3. Methanex ( MEOH) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Methanex is up $1.27 (1.9%) to $68.89 on light volume. Thus far, 202,922 shares of Methanex exchanged hands as compared to its average daily volume of 731,100 shares. The stock has ranged in price between $67.57-$68.89 after having opened the day at $67.74 as compared to the previous trading day's close of $67.62.

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

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 $6.5 billion and is part of the basic materials sector. Shares are up 14.2% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Methanex a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Methanex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Methanex 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.

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