5 Stocks Pushing The Chemicals Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Chemicals industry currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Williams Partners ( WPZ), down 1.1%, and Sociedad Quimica Y Minera De Chile ( SQM), down 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Agrium ( AGU) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Agrium is down $1.22 (-1.2%) to $98.43 on light volume Thus far, 257,438 shares of Agrium exchanged hands as compared to its average daily volume of 915,100 shares. The stock has ranged in price between $98.39-$100.04 after having opened the day at $99.92 as compared to the previous trading day's close of $99.65.

Agrium Inc. engages in the retail of agricultural products and services worldwide. The company operates in three segments: Retail, Wholesale, and Advanced Technologies. Agrium has a market cap of $15.0 billion and is part of the basic materials sector. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are up 49.6% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Agrium a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agrium Ratings Report now.

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