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 traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 209 points (1.2%) at 17,010 as of Friday, Oct. 3, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,086 issues advancing vs. 991 declining with 139 unchanged.

The Chemicals industry as a whole closed the day up 0.1% versus the S&P 500, which was up 1.1%. Top gainers within the Chemicals industry included Ceres ( CERE), up 6.6%, Gulf Resources ( GURE), up 4.1%, Lightbridge ( LTBR), up 2.7%, Oil-Dri Corp of America ( ODC), up 3.7% and Flexible Solutions International ( FSI), up 2.7%.

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

Flexible Solutions International ( FSI) is one of the companies that pushed the Chemicals industry higher today. Flexible Solutions International was up $0.03 (2.7%) to $1.15 on light volume. Throughout the day, 137,632 shares of Flexible Solutions International exchanged hands as compared to its average daily volume of 404,300 shares. The stock ranged in a price between $1.01-$1.20 after having opened the day at $1.10 as compared to the previous trading day's close of $1.12.

Flexible Solutions International, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Flexible Solutions International has a market cap of $15.8 million and is part of the basic materials sector. Shares are up 16.7% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Flexible Solutions International a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Flexible Solutions International as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

Highlights from TheStreet Ratings analysis on FSI go as follows:

  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Chemicals industry. The net income increased by 471.4% when compared to the same quarter one year prior, rising from $0.07 million to $0.40 million.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Chemicals industry and the overall market on the basis of return on equity, FLEXIBLE SOLUTIONS INTL INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • FSI, with its decline in revenue, underperformed when compared the industry average of 7.5%. Since the same quarter one year prior, revenues fell by 12.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • FLEXIBLE SOLUTIONS INTL INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, FLEXIBLE SOLUTIONS INTL INC turned its bottom line around by earning $0.14 versus -$0.08 in the prior year. For the next year, the market is expecting a contraction of 78.6% in earnings ($0.03 versus $0.14).

You can view the full analysis from the report here: Flexible Solutions International Ratings Report

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At the close, Gulf Resources ( GURE) was up $0.06 (4.1%) to $1.52 on heavy volume. Throughout the day, 182,808 shares of Gulf Resources exchanged hands as compared to its average daily volume of 102,800 shares. The stock ranged in a price between $1.48-$1.54 after having opened the day at $1.48 as compared to the previous trading day's close of $1.46.

Gulf Resources, Inc., together with its subsidiaries, manufactures and trades in bromine and crude salt products in the People's Republic of China. It operates in three segments: Bromine, Crude Salt, and Chemical Products. Gulf Resources has a market cap of $52.7 million and is part of the basic materials sector. Shares are down 37.9% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Gulf Resources a buy, no analysts rate it a sell, and none rate it a hold.

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

TheStreet Ratings rates Gulf Resources as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from TheStreet Ratings analysis on GURE go as follows:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Chemicals industry average. The net income increased by 5.8% when compared to the same quarter one year prior, going from $5.36 million to $5.67 million.
  • GURE's debt-to-equity ratio is very low at 0.01 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 15.16, which clearly demonstrates the ability to cover short-term cash needs.
  • GULF RESOURCES INC reported flat earnings per share in the most recent quarter. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, GULF RESOURCES INC increased its bottom line by earning $0.54 versus $0.43 in the prior year.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Chemicals industry and the overall market, GULF RESOURCES INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • In its most recent trading session, GURE has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.

You can view the full analysis from the report here: Gulf Resources Ratings Report

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

Ceres ( CERE) was another company that pushed the Chemicals industry higher today. Ceres was up $0.02 (6.6%) to $0.38 on light volume. Throughout the day, 77,997 shares of Ceres exchanged hands as compared to its average daily volume of 253,000 shares. The stock ranged in a price between $0.36-$0.40 after having opened the day at $0.36 as compared to the previous trading day's close of $0.36.

Ceres, Inc., an agricultural biotechnology company, develops and sells energy crops to produce renewable bioenergy feedstocks in North America. Ceres has a market cap of $18.8 million and is part of the basic materials sector. Shares are down 73.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Ceres a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Ceres as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on CERE go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CERES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • CERE's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 63.71%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The revenue fell significantly faster than the industry average of 3.0%. Since the same quarter one year prior, revenues fell by 40.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • CERES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CERES INC reported poor results of -$1.31 versus -$1.22 in the prior year. This year, the market expects an improvement in earnings (-$0.61 versus -$1.31).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Oil, Gas & Consumable Fuels industry average. The net income increased by 17.1% when compared to the same quarter one year prior, going from -$9.32 million to -$7.73 million.

You can view the full analysis from the report here: Ceres Ratings Report

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

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.