3 Stocks Underperforming Today In The Chemicals Industry

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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Chemicals industry currently sits down 0.15 versus the S&P 500, which is down 0.48.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Albemarle ( ALB) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Albemarle is down $2.44 (-4.0%) to $57.80 on heavy volume Thus far, 1.1 million shares of Albemarle exchanged hands as compared to its average daily volume of 733,300 shares. The stock has ranged in price between $57.01-$58.99 after having opened the day at $58.50 as compared to the previous trading day's close of $60.24.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. Albemarle has a market cap of $5.5 billion and is part of the basic materials sector. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its 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 Albemarle Ratings Report now.

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2. As of noon trading, LyondellBasell Industries ( LYB) is down $0.67 (-1.2%) to $55.43 on average volume Thus far, 2.0 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $55.02-$56.35 after having opened the day at $56.24 as compared to the previous trading day's close of $56.10.

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 $33.0 billion and is part of the basic materials sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates LyondellBasell Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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, Monsanto Company ( MON) is down $1.27 (-1.2%) to $102.52 on average volume Thus far, 1.4 million shares of Monsanto Company exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $101.53-$104.09 after having opened the day at $104.00 as compared to the previous trading day's close of $103.79.

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. Monsanto Company has a market cap of $56.2 billion and is part of the basic materials sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Monsanto Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Monsanto Company Ratings Report now.

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If you are interested in one of these 4 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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