Eastman Chemical Company (EMN): Today's Featured Chemicals Winner

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 higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.5%. By the end of trading, Eastman Chemical Company rose $1.00 (1.3%) to $80.16 on average volume. Throughout the day, 1,593,176 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,664,400 shares. The stock ranged in a price between $78.96-$80.33 after having opened the day at $79.07 as compared to the previous trading day's close of $79.16. Other companies within the Chemicals industry that increased today were: Synthesis Energy Sys ( SYMX), up 9.3%, BioAmber ( BIOA), up 7.9%, Senomyx ( SNMX), up 7.2% and Lightbridge ( LTBR), up 5.0%.

Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $12.0 billion and is part of the basic materials sector. Shares are down 1.9% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and 3 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 compelling growth in net income, revenue growth, notable return on equity, attractive valuation levels 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.

On the negative front, China Green Agriculture ( CGA), down 4.7%, BioFuel Energy Corporation ( BIOF), down 3.8%, Solazyme ( SZYM), down 3.4% and Methes Energies International ( MEIL), down 2.9%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Market Recon: The Tax Reform Is Just Ordinary Negotiation on Steroids

Are Trump Stocks a Crowded Trade?

Avangrid Chart Shows Good Fundamentals Not Everything in Trading

Here's Why These 3 Stocks With Alluring Dividends Are Strong Buys

Bullish and Bearish Reversals for the Week