3 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Chemicals industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Terra Nitrogen Company L.P ( TNH), up 2.6%.

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

3. Agrium ( AGU) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Agrium is down $0.73 (-0.9%) to $84.15 on light volume. Thus far, 230,980 shares of Agrium exchanged hands as compared to its average daily volume of 975,900 shares. The stock has ranged in price between $83.99-$85.18 after having opened the day at $85.18 as compared to the previous trading day's close of $84.88.

Agrium Inc. engages in the retail of agricultural products and services. The company operates through three segments: Retail, Wholesale, and Advanced Technologies. Agrium has a market cap of $12.6 billion and is part of the basic materials sector. Shares are down 15.0% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Agrium a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Agrium 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agrium 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 $0.76 (-1.8%) to $41.54 on average volume. Thus far, 2.8 million shares of Mosaic exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $41.51-$42.65 after having opened the day at $42.40 as compared to the previous trading day's close of $42.29.

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 $12.2 billion and is part of the basic materials sector. Shares are down 25.3% year to date as of the close of trading on Wednesday. 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 $0.17 (-0.6%) to $29.75 on light volume. Thus far, 4.2 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 12.3 million shares. The stock has ranged in price between $29.75-$30.08 after having opened the day at $30.00 as compared to the previous trading day's close of $29.92.

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 $25.7 billion and is part of the basic materials sector. Shares are down 26.5% year to date as of the close of trading on Wednesday. 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 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).

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home