Eastman Chemical Company (EMN): 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.

Eastman Chemical Company ( EMN) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Eastman Chemical Company fell $0.93 (-1.1%) to $87.65 on average volume. Throughout the day, 1,382,535 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,629,800 shares. The stock ranged in price between $87.14-$88.57 after having opened the day at $88.56 as compared to the previous trading day's close of $88.58. Other companies within the Chemicals industry that declined today were: BioFuel Energy Corporation ( BIOF), down 7.4%, Gevo ( GEVO), down 6.5%, BioAmber ( BIOA), down 6.1% and Penford Corporation ( PENX), down 4.4%.

Eastman Chemical Company, a specialty chemical company, manufactures and sells 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 9.8% year to date as of the close of trading on Thursday. 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 positive front, Methes Energies International ( MEIL), up 8.4%, Amyris ( AMRS), up 7.3%, REX American Resources ( REX), up 5.0% and Lightbridge ( LTBR), up 4.4% , were all gainers within the chemicals industry with Potash Corporation of Saskatchewan ( POT) 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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