Dow Chemical

(

DOW

) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Dow Chemical fell 24 cents (-0.8%) to $28.84 on average volume. Throughout the day, 10.2 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 9.9 million shares. The stock ranged in price between $28.70-$29.28 after having opened the day at $29.09 as compared to the previous trading day's close of $29.08. Other company's within the Chemicals industry that declined today were:

Cereplast

(

CERP

), down 16.9%,

Altair Nanotechnologies

(

ALTI

), down 8.4%,

Ikonics Corporation

(

IKNX

), down 7.2%, and

Gevo

(

GEVO

), down 7.1%.

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The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $34.88 billion and is part of the

conglomerates

sector. The company has a P/E ratio of 18.8, above the average conglomerates industry P/E ratio of 15.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year to date as of the close of trading on Friday. Currently there are five analysts that rate Dow Chemical a buy, three analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Dow Chemical as a

buy

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

Clean Diesel Technologies

(

CDTI

), up 20%,

Lightbridge

(

LTBR

), up 12.4%,

PetroLogistics

(

PDH

), up 9.7%, and

Pacific Ethanol

(

PEIX

), up 7.2%, were all gainers within the chemicals industry with

PPG Industries

(

PPG

) being today's featured chemicals industry leader.

For investors not wanting singular stock exposure, 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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