Potash Corporation Of Saskatchewan Inc. (POT): Today's Featured Chemicals Winner - TheStreet

Potash Corporation of Saskatchewan

(

POT

) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day down 0.9%. By the end of trading, Potash Corporation of Saskatchewan rose 67 cents (1.7%) to $41.01 on average volume. Throughout the day, 5.9 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 5.6 million shares. The stock ranged in a price between $40.44-$41.44 after having opened the day at $40.64 as compared to the previous trading day's close of $40.34. Other companies within the Chemicals industry that increased today were:

Pure Bioscience

(

PURE

), up 8%,

Cereplast

(

CERP

), up 7.1%,

Senomyx

(

SNMX

), up 5.2%, and

Clean Diesel Technologies

(

CDTI

), up 4.6%.

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Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $34.14 billion and is part of the

basic materials

sector. The company has a P/E ratio of 12.3, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Potash Corporation of Saskatchewan a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a

buy

. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins 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.

On the negative front,

GSE

(

GSE

), down 9.4%,

Renewable Energy Group

(

REGI

), down 7.7%,

PetroLogistics

(

PDH

), down 7.5%, and

Methanex Corporation

(

MEOH

), down 6%, were all losers within the chemicals industry with

E.I. du Pont de Nemours & Company

(

DD

) being today's chemicals industry loser.

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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