All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 120.72 points (-0.7%) at 17,420 as of Thursday, Aug. 6, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,245 issues advancing vs. 1,837 declining with 137 unchanged.

The Chemicals industry as a whole closed the day down 0.1% versus the S&P 500, which was down 0.8%. Top gainers within the Chemicals industry included

Methes Energies International

(

MEIL

), up 2.8%,

NL Industries

(

NL

), up 7.6%,

Lightbridge

(

LTBR

), up 2.8%,

Israel Chemicals

(

ICL

), up 2.4% and

Solazyme

(

SZYM

), up 2.4%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Solazyme

(

SZYM

) is one of the companies that pushed the Chemicals industry higher today. Solazyme was up $0.05 (2.4%) to $2.16 on light volume. Throughout the day, 436,864 shares of Solazyme exchanged hands as compared to its average daily volume of 681,600 shares. The stock ranged in a price between $2.00-$2.18 after having opened the day at $2.10 as compared to the previous trading day's close of $2.11.

Solazyme, Inc. manufactures and sells renewable oils and other bioproducts. Its proprietary technology transforms a range of plant-based sugars into triglyceride oils and other bioproducts. Solazyme has a market cap of $180.2 million and is part of the consumer goods sector. Shares are down 18.2% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Solazyme a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Solazyme as a

sell

. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally high debt management risk.

Highlights from TheStreet Ratings analysis on SZYM go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, SOLAZYME INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The debt-to-equity ratio is very high at 3.99 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Despite the company's weak debt-to-equity ratio, the company has managed to keep a very strong quick ratio of 9.64, which shows the ability to cover short-term cash needs.
  • SZYM's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 71.63%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • SOLAZYME INC has improved earnings per share by 12.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SOLAZYME INC reported poor results of -$2.13 versus -$1.81 in the prior year. This year, the market expects an improvement in earnings (-$1.37 versus -$2.13).
  • The gross profit margin for SOLAZYME INC is currently very high, coming in at 74.60%. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of -275.00% is in-line with the industry average.

You can view the full analysis from the report here:

Solazyme Ratings Report

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At the close,

Israel Chemicals

(

ICL

) was up $0.15 (2.4%) to $6.43 on average volume. Throughout the day, 122,972 shares of Israel Chemicals exchanged hands as compared to its average daily volume of 159,500 shares. The stock ranged in a price between $6.41-$6.48 after having opened the day at $6.41 as compared to the previous trading day's close of $6.28.

Israel Chemicals has a market cap of $8.0 billion and is part of the consumer goods sector. Shares are down 13.4% year-to-date as of the close of trading on Wednesday.

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NL Industries

(

NL

) was another company that pushed the Chemicals industry higher today. NL Industries was up $0.43 (7.6%) to $6.11 on average volume. Throughout the day, 24,784 shares of NL Industries exchanged hands as compared to its average daily volume of 25,100 shares. The stock ranged in a price between $5.64-$6.29 after having opened the day at $5.84 as compared to the previous trading day's close of $5.68.

NL Industries, Inc., through its subsidiary, CompX International Inc., operates in the component products industry in the United States and internationally. NL Industries has a market cap of $255.1 million and is part of the consumer goods sector. Shares are down 34.0% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate NL Industries a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates NL Industries as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from TheStreet Ratings analysis on NL go as follows:

  • The revenue growth came in higher than the industry average of 3.6%. Since the same quarter one year prior, revenues slightly increased by 8.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • NL has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 4.42, which clearly demonstrates the ability to cover short-term cash needs.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Commercial Services & Supplies industry and the overall market on the basis of return on equity, NL INDUSTRIES has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • The gross profit margin for NL INDUSTRIES is currently lower than what is desirable, coming in at 33.95%. Regardless of NL's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, NL's net profit margin of 36.00% significantly outperformed against the industry.
  • NL has underperformed the S&P 500 Index, declining 22.58% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.

You can view the full analysis from the report here:

NL Industries Ratings Report

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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.