3 Stocks Pushing The Chemicals Industry Lower

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 5 points (0.0%) at 16,485 as of Friday, Dec. 27, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,370 issues advancing vs. 1,569 declining with 149 unchanged.

The Chemicals industry currently sits up 0.4% versus the S&P 500, which is unchanged.

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

3. Terra Nitrogen Company L.P ( TNH) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Terra Nitrogen Company L.P is down $2.69 (-1.8%) to $144.94 on average volume. Thus far, 23,898 shares of Terra Nitrogen Company L.P exchanged hands as compared to its average daily volume of 35,900 shares. The stock has ranged in price between $143.00-$147.99 after having opened the day at $146.50 as compared to the previous trading day's close of $147.63.

Terra Nitrogen Company, L.P. engages in the production and sale of nitrogen fertilizer products. It primarily offers anhydrous ammonia and urea ammonium nitrate solutions. Terra Nitrogen GP Inc. serves as the general partner of the company. Terra Nitrogen Company, L.P. Terra Nitrogen Company L.P has a market cap of $2.7 billion and is part of the basic materials sector. Shares are down 31.0% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Terra Nitrogen Company L.P as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Terra Nitrogen Company L.P 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, Methanex Corporation ( MEOH) is down $0.47 (-0.8%) to $58.25 on light volume. Thus far, 174,530 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 756,500 shares. The stock has ranged in price between $57.54-$58.72 after having opened the day at $58.45 as compared to the previous trading day's close of $58.72.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors. The company also purchases and re-sells methanol produced by others. Methanex Corporation has a market cap of $5.6 billion and is part of the basic materials sector. Shares are up 84.2% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Methanex Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Methanex Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Methanex 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, CF Industries Holdings ( CF) is down $1.75 (-0.8%) to $230.90 on light volume. Thus far, 127,839 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 798,500 shares. The stock has ranged in price between $230.00-$233.08 after having opened the day at $232.65 as compared to the previous trading day's close of $232.65.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products worldwide. It operates in two segments, Nitrogen and Phosphate. CF Industries Holdings has a market cap of $13.3 billion and is part of the basic materials sector. Shares are up 14.5% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates CF Industries Holdings as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CF Industries Holdings 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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