Eastman Chemical Company (EMN): Today's Featured Basic Materials Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Eastman Chemical Company ( EMN) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole was unchanged today. By the end of trading, Eastman Chemical Company fell $1.31 (-1.7%) to $74.16 on light volume. Throughout the day, 875,958 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,458,100 shares. The stock ranged in price between $73.51-$75.16 after having opened the day at $75.13 as compared to the previous trading day's close of $75.47. Other companies within the Basic Materials sector that declined today were: Basic Energy Services ( BAS), down 11.3%, Cardero Resources Corporation ( CDY), down 7.3%, Camac Energy ( CAK), down 7.2% and Sterlite Industries (India ( SLT), down 7.2%.

Eastman Chemical Company, a specialty 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 $11.6 billion and is part of the chemicals industry. Shares are up 10.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 5 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 robust revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, USEC ( USU), up 37.5%, Uranium Resources ( URRE), up 34.7%, Crosshair Energy ( CXZ), up 33.3% and Samson Oil & Gas ( SSN), up 12.2% , were all gainers within the basic materials sector with Cliffs Natural Resources ( CLF) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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