3 Stocks Pushing The Chemicals Industry Lower

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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.

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