BAK, WPZ, APD, PX And LYB, 5 Chemicals Stocks Pushing The Industry Lower

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Chemicals industry currently sits down 0.2% versus the S&P 500, which is up 0.4%. A company within the industry that increased today was Potash Corporation of Saskatchewan ( POT), up 1.0%.

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

5. Braskem ( BAK) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Braskem is down $0.52 (-3.4%) to $14.81 on light volume. Thus far, 120,444 shares of Braskem exchanged hands as compared to its average daily volume of 352,200 shares. The stock has ranged in price between $14.77-$15.29 after having opened the day at $15.24 as compared to the previous trading day's close of $15.33.

Braskem S.A., together with its subsidiaries, produces and sells basic petrochemicals and thermoplastic resins in Brazil and internationally. It operates in three segments: Basic Petrochemicals, Polyolefins, and Vinyls. Braskem has a market cap of $5.9 billion and is part of the basic materials sector. The company has a P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Braskem a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Braskem as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. Get the full Braskem Ratings Report now.

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