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Eastman Chemical Company (EMN): Today's Featured Basic Materials Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Eastman Chemical Company ( EMN) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.4%. By the end of trading, Eastman Chemical Company rose $1.63 (2.8%) to $59.13 on average volume. Throughout the day, 2.2 million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $57.84-$59.45 after having opened the day at $57.97 as compared to the previous trading day's close of $57.50. Other companies within the Basic Materials sector that increased today were: Primero Mining ( PPP), up 36.5%, GeoPetro Resources Company ( GPR), up 11%, Sinopec Shanghai Petrochemical Company Limi ( SHI), up 9.7%, and Minco Gold Corporation ( MGH), up 7.6%.

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Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $7.81 billion and is part of the chemicals industry. The company has a P/E ratio of 13.8, above the average chemicals industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 44.6% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Eastman Chemical Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Lizhan Environmental ( LZEN), down 37.5%, Pacific Booker Minerals ( PBM), down 18.5%, Atlatsa Resources ( ATL), down 10.1%, and Lucas Energy ( LEI), down 9.4%, were all laggards within the basic materials sector with Anadarko Petroleum ( APC) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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