Eastman Chemical Company (EMN): Today's Featured Basic Materials Laggard
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 or Stephanie Link.
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole was unchanged today. By the end of trading, Eastman Chemical Company fell $1.31 (-1.7%) to $74.16 on light volume. Throughout the day, 875,958 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,458,100 shares. The stock ranged in price between $73.51-$75.16 after having opened the day at $75.13 as compared to the previous trading day's close of $75.47. Other companies within the Basic Materials sector that declined today were:
(
), down 11.3%,
(
), down 7.3%,
(
), down 7.2% and
(
), down 7.2%.
Eastman Chemical Company, a specialty 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 $11.6 billion and is part of the chemicals industry. Shares are up 10.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Eastman Chemical Company
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Eastman Chemical Company Ratings Report.
On the positive front,
(
), up 37.5%,
(
), up 34.7%,
(
), up 33.3% and
(
), up 12.2% , were all gainers within the basic materials sector with
(
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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