3 Stocks Dragging 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 87 points (0.5%) at 16,266 as of Friday, Dec. 20, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,274 issues advancing vs. 691 declining with 120 unchanged.

The Chemicals industry currently sits up 1.0% versus the S&P 500, which is up 0.6%.

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

3. Airgas ( ARG) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Airgas is down $0.91 (-0.8%) to $109.04 on average volume. Thus far, 192,958 shares of Airgas exchanged hands as compared to its average daily volume of 335,500 shares. The stock has ranged in price between $106.76-$109.73 after having opened the day at $108.86 as compared to the previous trading day's close of $109.95.

Airgas, Inc., together with its subsidiaries, supplies industrial, medical and specialty gases, and hardgoods. The company operates through two business segments, Distribution and All Other Operations. Airgas has a market cap of $8.0 billion and is part of the basic materials sector. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 20.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Airgas a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Airgas as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Airgas 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, Olin Corporation ( OLN) is down $1.03 (-3.5%) to $28.00 on average volume. Thus far, 934,742 shares of Olin Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $27.98-$29.16 after having opened the day at $28.94 as compared to the previous trading day's close of $29.03.

Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. It operates in three segments, Chlor Alkali Products, Chemical Distribution, and Winchester. Olin Corporation has a market cap of $2.3 billion and is part of the basic materials sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 34.5% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Olin Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Olin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Olin Corporation 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, Celanese Corporation ( CE) is down $0.38 (-0.7%) to $53.96 on light volume. Thus far, 273,382 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 930,400 shares. The stock has ranged in price between $53.80-$54.64 after having opened the day at $54.61 as compared to the previous trading day's close of $54.34.

Celanese Corporation engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company operates in four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates. Celanese Corporation has a market cap of $8.6 billion and is part of the basic materials sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 22.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Celanese Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Celanese Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Celanese Corporation 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).

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