Eastman Chemical Company (EMN): Today's Featured Chemicals 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 Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Eastman Chemical Company fell $1.16 (-1.5%) to $76.50 on average volume. Throughout the day, 1,605,814 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,276,700 shares. The stock ranged in price between $76.26-$77.87 after having opened the day at $77.65 as compared to the previous trading day's close of $77.66. Other companies within the Chemicals industry that declined today were: Gulf Resources ( GURE), down 8.1%, Flexible Solutions International ( FSI), down 4.4%, Axiall ( AXLL), down 3.2% and Georgia Gulf ( GGC), down 3.2%.

Engaged in the manufacture and sale of a portfolio of chemicals, plastics and fibers. The Company began business in 1920, for the purpose of producing chemicals for Eastman Kodak Company's photographic business. Eastman Chemical Company has a market cap of $12.2 billion and is part of the basic materials sector. Shares are up 15.2% 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, good cash flow from operations, solid stock price performance, compelling growth in net income 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, Marrone Bio Innovations ( MBII), up 13.2%, Tronox ( TROX), up 9.1%, Arabian American Development Company ( ARSD), up 7.9% and Intrepid Potash ( IPI), up 6.9% , were all gainers within the chemicals industry with Monsanto Company ( MON) being today's featured chemicals industry leader.

For investors not wanting singular stock exposure, 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).

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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