4 Stocks Pulling The Chemicals Industry Downward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 55 points (-0.4%) at 14,948 as of Wednesday, Aug. 21, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 846 issues advancing vs. 2,101 declining with 78 unchanged.

The Chemicals industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Monsanto Company ( MON), down 0.7%, and LyondellBasell Industries ( LYB), down 0.5%.

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

4. Braskem ( BAK) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Braskem is down $0.31 (-2.1%) to $14.57 on light volume. Thus far, 70,942 shares of Braskem exchanged hands as compared to its average daily volume of 290,000 shares. The stock has ranged in price between $14.48-$14.83 after having opened the day at $14.75 as compared to the previous trading day's close of $14.88.

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 $6.0 billion and is part of the basic materials sector. Shares are up 11.5% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Braskem a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Braskem as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. Get the full Braskem Ratings Report now.

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

3. As of noon trading, Sociedad Quimica Y Minera De Chile ( SQM) is down $0.80 (-3.0%) to $26.12 on average volume. Thus far, 499,177 shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 977,300 shares. The stock has ranged in price between $26.01-$26.94 after having opened the day at $26.90 as compared to the previous trading day's close of $26.93.

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 $7.1 billion and is part of the basic materials sector. Shares are down 53.3% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Sociedad Quimica Y Minera De Chile a buy, 1 analyst rates it a sell, and 2 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, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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.

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

2. As of noon trading, Mosaic ( MOS) is down $0.82 (-1.9%) to $41.16 on average volume. Thus far, 2.6 million shares of Mosaic exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $41.03-$41.70 after having opened the day at $41.69 as compared to the previous trading day's close of $41.98.

The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agriculture industry worldwide. It operates in two segments, Phosphates and Potash. Mosaic has a market cap of $12.5 billion and is part of the basic materials sector. Shares are down 25.9% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Mosaic a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Mosaic as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Mosaic Ratings Report now.

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

1. As of noon trading, Potash Corporation of Saskatchewan ( POT) is down $0.62 (-2.1%) to $29.38 on average volume. Thus far, 4.6 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $29.38-$29.90 after having opened the day at $29.66 as compared to the previous trading day's close of $30.00.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. Potash Corporation of Saskatchewan has a market cap of $26.0 billion and is part of the basic materials sector. Shares are down 26.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Potash Corporation of Saskatchewan a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, 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, disappointing return on equity and weak operating cash flow. Get the full Potash Corporation of Saskatchewan Ratings Report now.

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

If you are interested in one of these 3 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).

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