3 Stocks Pushing The Chemicals Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 67 points (-0.4%) at 18,405 as of Thursday, July 28, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,296 issues advancing vs. 1,538 declining with 200 unchanged.
The Chemicals industry currently sits up 1.3% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include
(
), down 7.0%,
(
), down 4.8% and
(
), down 4.8%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Chemicals industry lower today. As of noon trading, CF Industries Holdings is down $0.96 (-3.8%) to $24.44 on light volume. Thus far, 1.6 million shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $24.35-$25.18 after having opened the day at $25.12 as compared to the previous trading day's close of $25.41.
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CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. CF Industries Holdings has a market cap of $6.0 billion and is part of the basic materials sector. Shares are down 37.7% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate CF Industries Holdings a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
CF Industries Holdings
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full
CF Industries Holdings Ratings Report
now.
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2. As of noon trading,
(
) is down $2.84 (-2.4%) to $115.50 on average volume. Thus far, 775,283 shares of Praxair exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $114.71-$117.25 after having opened the day at $115.33 as compared to the previous trading day's close of $118.34.
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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 $33.8 billion and is part of the basic materials sector. Shares are up 15.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Praxair
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full
now.
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1. As of noon trading,
(
) is down $0.81 (-0.8%) to $105.28 on average volume. Thus far, 726,937 shares of PPG Industries exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $104.82-$106.32 after having opened the day at $105.72 as compared to the previous trading day's close of $106.09.
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PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. It operates in three segments: Performance Coatings, Industrial Coatings, and Glass. PPG Industries has a market cap of $28.4 billion and is part of the basic materials sector. Shares are up 7.4% year-to-date as of the close of trading on Wednesday. Currently there are 13 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
. 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 and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
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
(
) while those bearish on the chemicals industry could consider
ProShares Short Basic Materials Fd
(
).