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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.3%) at 18,072 as of Monday, June 1, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,805 issues advancing vs. 1,201 declining with 153 unchanged.

The Chemicals industry currently sits down 0.1% versus the S&P 500, which is up 0.3%.

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

3. OM Group ( OMG) is one of the companies pushing the Chemicals industry higher today. As of noon trading, OM Group is up $7.43 (28.0%) to $33.97 on heavy volume. Thus far, 6.6 million shares of OM Group exchanged hands as compared to its average daily volume of 213,500 shares. The stock has ranged in price between $33.61-$34.18 after having opened the day at $33.95 as compared to the previous trading day's close of $26.54.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

OM Group, Inc. operates as a technology-driven industrial company worldwide. It operates through Magnetic Technologies, Battery Technologies, and Specialty Chemicals segments. OM Group has a market cap of $814.5 million and is part of the basic materials sector. Shares are down 10.9% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate OM Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates OM Group as a hold. 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. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full OM Group Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

2. As of noon trading, Platform Specialty Products ( PAH) is up $0.70 (2.7%) to $26.87 on average volume. Thus far, 666,466 shares of Platform Specialty Products exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $26.40-$26.90 after having opened the day at $26.48 as compared to the previous trading day's close of $26.17.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, Asia, and Europe. Platform Specialty Products has a market cap of $5.1 billion and is part of the basic materials sector. Shares are up 12.7% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Platform Specialty Products a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Platform Specialty Products as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and weak operating cash flow. Get the full Platform Specialty Products Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

1. As of noon trading, CF Industries Holdings ( CF) is up $2.40 (0.8%) to $318.28 on average volume. Thus far, 307,331 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 669,100 shares. The stock has ranged in price between $314.07-$318.54 after having opened the day at $316.91 as compared to the previous trading day's close of $315.88.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company's principal nitrogen fertilizer products include ammonia, granular urea, and urea ammonium nitrate solution. CF Industries Holdings has a market cap of $15.1 billion and is part of the basic materials sector. Shares are up 15.9% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates CF Industries Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full CF Industries Holdings Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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).

If you liked this article you might like

Analysts' Actions -- Chesapeake, CSX, Humana, Qualcomm, IBM and More

Analysts' Actions -- Chesapeake, CSX, Humana, Qualcomm, IBM and More

Today's Water-Logged And Getting Wetter Stock: OM Group (OMG)

Today's Water-Logged And Getting Wetter Stock: OM Group (OMG)

FrontFour Cuts OM Group Stake

FrontFour Cuts OM Group Stake

Stocks See Positive June Start on Signs of Improving Economy

Stocks See Positive June Start on Signs of Improving Economy

Stocks Grind Higher as Microsoft, Altera Lead Tech Sector

Stocks Grind Higher as Microsoft, Altera Lead Tech Sector