3 Chemicals Stocks Dragging The Industry Down

TheStreet highlights 3 stocks pushing the chemicals industry lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 68 points (-0.4%) at 17,730 as of Monday, Nov. 30, 2015, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,462 issues advancing vs. 1,508 declining with 167 unchanged.

The Chemicals industry currently sits up 1.1% versus the S&P 500, which is down 0.3%. Top gainers within the industry include

Methanex

(

MEOH

), up 4.0%,

Israel Chemicals

(

ICL

), up 2.5% and

Agrium

(

AGU

), up 1.3%.

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

3.

PPG Industries

(

PPG

) is one of the companies pushing the Chemicals industry lower today. As of noon trading, PPG Industries is down $0.85 (-0.8%) to $105.36 on light volume. Thus far, 485,990 shares of PPG Industries exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $105.19-$106.49 after having opened the day at $106.36 as compared to the previous trading day's close of $106.21.

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PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. PPG Industries has a market cap of $28.7 billion and is part of the basic materials sector. Shares are down 8.1% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

PPG Industries

as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full

PPG Industries Ratings Report

now.

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2. As of noon trading,

Praxair

(

PX

) is down $0.80 (-0.7%) to $113.11 on light volume. Thus far, 396,938 shares of Praxair exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $112.79-$114.18 after having opened the day at $113.66 as compared to the previous trading day's close of $113.91.

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Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $32.2 billion and is part of the basic materials sector. Shares are down 12.1% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Praxair a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Praxair

as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

Praxair Ratings Report

now.

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1. As of noon trading,

Sherwin-Williams

(

SHW

) is down $2.49 (-0.9%) to $274.34 on light volume. Thus far, 157,608 shares of Sherwin-Williams exchanged hands as compared to its average daily volume of 988,400 shares. The stock has ranged in price between $273.69-$276.73 after having opened the day at $276.73 as compared to the previous trading day's close of $276.83.

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America. Sherwin-Williams has a market cap of $25.7 billion and is part of the basic materials sector. Shares are up 5.2% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Sherwin-Williams a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Sherwin-Williams

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Sherwin-Williams Ratings Report

now.

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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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