5 Chemicals Stocks Dragging The Industry Down

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Chemicals industry currently sits down 0.7% versus the S&P 500, which is up 0.3%.

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

5. Sociedad Quimica Y Minera De Chile ( SQM) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Sociedad Quimica Y Minera De Chile is down $1.45 (-4.7%) to $29.31 on heavy volume. Thus far, 2.3 million shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 625,700 shares. The stock has ranged in price between $28.07-$30.50 after having opened the day at $30.44 as compared to the previous trading day's close of $30.76.

Chemical and Mining Company of Chile Inc. engages in the production and distribution of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and potassium sulfate, industrial chemicals, and other commodity fertilizers. Sociedad Quimica Y Minera De Chile has a market cap of $9.8 billion and is part of the basic materials sector. Shares are down 46.6% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Sociedad Quimica Y Minera De Chile a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Sociedad Quimica Y Minera De Chile Ratings Report now.

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