3 Chemicals Stocks Driving The Industry Higher

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 112 points (-0.6%) at 17,638 as of Wednesday, May 4, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,910 declining with 149 unchanged. The Chemicals industry currently sits down 0.5% versus the S&P 500, which is down 0.6%. A company within the industry that fell today was Praxair ( PX), up 0.8%. TheStreet would like to highlight 3 stocks pushing the industry higher today: 3. Braskem ( BAK) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Braskem is up $0.47 (3.5%) to $13.79 on light volume. Thus far, 144,883 shares of Braskem exchanged hands as compared to its average daily volume of 529,700 shares. The stock has ranged in price between $13.47-$13.80 after having opened the day at $13.51 as compared to the previous trading day's close of $13.32. 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. Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Braskem has a market cap of $5.6 billion and is part of the basic materials sector. Shares are down 1.6% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Braskem a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Braskem as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Braskem 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, Trinseo ( TSE) is up $5.18 (12.3%) to $47.30 on heavy volume. Thus far, 1.3 million shares of Trinseo exchanged hands as compared to its average daily volume of 532,800 shares. The stock has ranged in price between $43.65-$47.53 after having opened the day at $44.19 as compared to the previous trading day's close of $42.12. 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. Trinseo S.A., a materials company, manufactures and markets synthetic rubber, latex, and plastic products in Europe, the Middle East, North America, Latin America, and the Asia Pacific. The company operates through two segments, Performance Materials, and Basic Plastics and Feedstocks. Trinseo has a market cap of $2.1 billion and is part of the consumer goods sector. Shares are up 49.4% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Trinseo a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Trinseo as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Trinseo 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, Agrium ( AGU) is up $2.21 (2.6%) to $86.51 on average volume. Thus far, 688,588 shares of Agrium exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $83.56-$86.95 after having opened the day at $83.75 as compared to the previous trading day's close of $84.30. 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. Agrium Inc. produces, markets, and distributes crop nutrients, crop protection products, seeds, and merchandise products primarily in the United States, Canada, Australia, and South America. It operates in two segments, Retail and Wholesale. Agrium has a market cap of $11.9 billion and is part of the basic materials sector. Shares are down 5.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Agrium a buy, 1 analyst rates it a sell, and 6 rate it a hold. TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, good cash flow from operations, 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 lackluster performance in the stock itself. Get the full Agrium 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).

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