Methanex Corporation (MEOH): 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.

Methanex Corporation ( MEOH) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Methanex Corporation fell $1.98 (-2.7%) to $71.03 on heavy volume. Throughout the day, 1,239,912 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 786,600 shares. The stock ranged in price between $70.34-$73.43 after having opened the day at $73.43 as compared to the previous trading day's close of $73.01. Other companies within the Chemicals industry that declined today were: Amyris ( AMRS), down 6.8%, Ikonics Corporation ( IKNX), down 6.5%, Yongye International ( YONG), down 5.5% and Pacific Ethanol ( PEIX), down 5.3%.

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 $6.9 billion and is part of the basic materials sector. Shares are up 20.8% year to date as of the close of trading on Thursday. Currently there are 5 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Gulf Resources ( GURE), up 5.8%, Solazyme ( SZYM), up 5.3%, Scotts Miracle Gro ( SMG), up 3.4% and Senomyx ( SNMX), up 2.9% , were all gainers within the chemicals industry with Sherwin-Williams Company ( SHW) being today's featured chemicals industry leader.

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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