Praxair Inc. (PX): Today's Featured Chemicals Laggard

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.

Praxair ( PX) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Praxair fell $1.57 (-1.2%) to $128.15 on average volume. Throughout the day, 1,243,826 shares of Praxair exchanged hands as compared to its average daily volume of 1,138,600 shares. The stock ranged in price between $127.98-$130.07 after having opened the day at $129.73 as compared to the previous trading day's close of $129.72. Other companies within the Chemicals industry that declined today were: Synthesis Energy Sys ( SYMX), down 7.7%, Amyris ( AMRS), down 6.8%, Senomyx ( SNMX), down 5.7% and Ceres ( CERE), down 5.3%.

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 $38.2 billion and is part of the basic materials sector. Shares are down 0.2% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. 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 positive front, CF Industries Holdings ( CF), up 5.2%, Lightbridge ( LTBR), up 3.8%, Platform Specialty Products ( PAH), up 3.5% and Terra Nitrogen Company L.P ( TNH), up 2.4%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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