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 153 points (1.0%) at 15,892 as of Thursday, Jan. 30, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,359 issues advancing vs. 580 declining with 163 unchanged.

The Chemicals industry currently sits up 0.8% versus the S&P 500, which is up 1.0%. A company within the industry that fell today was Airgas ( ARG), up 2.1%.

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

3. Sherwin-Williams Company ( SHW) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Sherwin-Williams Company is down $4.53 (-2.4%) to $184.59 on heavy volume. Thus far, 723,702 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 614,300 shares. The stock has ranged in price between $182.04-$186.71 after having opened the day at $183.99 as compared to the previous trading day's close of $189.12.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. Sherwin-Williams Company has a market cap of $19.4 billion and is part of the basic materials sector. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Sherwin-Williams Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, good cash flow from operations and expanding profit margins. 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 Sherwin-Williams Company 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, Praxair ( PX) is down $0.94 (-0.7%) to $126.39 on average volume. Thus far, 578,915 shares of Praxair exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $125.98-$127.26 after having opened the day at $126.89 as compared to the previous trading day's close of $127.33.

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $37.0 billion and is part of the basic materials sector. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins, good cash flow from operations 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. Get the full Praxair 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 $0.89 (-2.8%) to $30.94 on heavy volume. Thus far, 10.0 million shares of Potash Corporation of Saskatchewan exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $30.09-$31.33 after having opened the day at $31.19 as compared to the previous trading day's close of $31.83.

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 $27.4 billion and is part of the basic materials sector. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Potash Corporation of Saskatchewan a buy, 1 analyst rates it a sell, and 12 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 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 feeble growth in the company's earnings per share, deteriorating net income 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 3 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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