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 Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Albemarle fell $4.96 (-7.2%) to $63.81 on heavy volume. Throughout the day, 2,347,741 shares of Albemarle exchanged hands as compared to its average daily volume of 583,000 shares. The stock ranged in price between $63.63-$66.33 after having opened the day at $66.00 as compared to the previous trading day's close of $68.77. Other companies within the Chemicals industry that declined today were:
), down 9.4%,
), down 7.9%,
), down 4.1% and
), down 2.9%.
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Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. Albemarle has a market cap of $5.5 billion and is part of the basic materials sector. Currently there are 3 analysts that rate Albemarle a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Albemarle Ratings Report.
On the positive front,
), up 6.1%,
), up 4.6%,
), up 3.1% and
), up 3.1% , were all gainers within the chemicals industry with
) being today's featured chemicals industry leader.
- Use our chemicals section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
) while those bearish on the chemicals industry could consider
- Find other investment ideas from our top rated ETFs lists.