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 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Chemicals industry currently sits up 0.6% versus the S&P 500, which is up 0.2%.

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

4. Agrium ( AGU) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Agrium is down $1.00 (-1.0%) to $103.06 on light volume Thus far, 154,409 shares of Agrium exchanged hands as compared to its average daily volume of 766,700 shares. The stock has ranged in price between $102.70-$104.44 after having opened the day at $104.31 as compared to the previous trading day's close of $104.06.

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 $15.5 billion and is part of the basic materials sector. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Agrium a buy, 2 analysts rate it a sell, and 6 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, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Agrium Ratings Report now.

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3. As of noon trading, Eastman Chemical Company ( EMN) is down $0.59 (-0.8%) to $71.41 on light volume Thus far, 352,434 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $71.30-$72.17 after having opened the day at $71.87 as compared to the previous trading day's close of $72.00.

Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $10.9 billion and is part of the basic materials sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 5.8% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eastman Chemical Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance 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 Eastman Chemical Company Ratings Report now.

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2. As of noon trading, LyondellBasell Industries ( LYB) is down $0.38 (-0.6%) to $62.14 on light volume Thus far, 753,474 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $62.08-$62.73 after having opened the day at $62.72 as compared to the previous trading day's close of $62.52.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $35.0 billion and is part of the basic materials sector. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LyondellBasell Industries Ratings Report now.

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1. As of noon trading, Dow Chemical ( DOW) is down $0.16 (-0.5%) to $32.55 on light volume Thus far, 1.6 million shares of Dow Chemical exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $32.45-$32.84 after having opened the day at $32.75 as compared to the previous trading day's close of $32.71.

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 $38.8 billion and is part of the basic materials sector. The company has a P/E ratio of 46.0, above the S&P 500 P/E ratio of 17.7. Shares are up 1.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Dow Chemical a buy, 4 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Dow Chemical as a buy. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Dow Chemical Ratings Report now.

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If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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