3 Stocks Pulling The Chemicals Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 16,384 as of Monday, March 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 999 issues advancing vs. 1,928 declining with 160 unchanged.

The Chemicals industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was Sociedad Quimica Y Minera De Chile SA ADR ( SQM), up 1.7%. A company within the industry that increased today was Valhi ( VHI), up 5.3%.

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

3. Eastman Chemical Company ( EMN) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Eastman Chemical Company is down $0.86 (-1.0%) to $86.68 on average volume. Thus far, 932,610 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $86.41-$88.04 after having opened the day at $87.37 as compared to the previous trading day's close of $87.54.

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 $13.4 billion and is part of the basic materials sector. Shares are up 9.0% 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. Get the full Eastman Chemical Company Ratings Report now.

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