4 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 45 points (0.3%) at 14,027 as of Tuesday, Feb. 19, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 965 declining with 159 unchanged.

The Chemicals industry currently sits up 0.4% versus the S&P 500, which is up 0.5%. A company within the industry that increased today was Braskem ( BAK), up 7.7%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. Celanese Corporation ( CE) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Celanese Corporation is down $0.92 (-1.8%) to $49.24 on average volume Thus far, 464,416 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $48.98-$50.45 after having opened the day at $50.09 as compared to the previous trading day's close of $50.16.

Celanese Corporation, a technology and specialty materials company, engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. Celanese Corporation has a market cap of $8.0 billion and is part of the basic materials sector. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 12.6% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Celanese Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Celanese Corporation as a buy. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Celanese Corporation Ratings Report now.

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