3 Stocks Pushing The Chemicals Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Chemicals industry currently is unchanged today versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Dow Chemical ( DOW), up 0.8%.

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

3. Eastman Chemical ( EMN) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Eastman Chemical is down $1.26 (-1.4%) to $87.32 on average volume. Thus far, 1.0 million shares of Eastman Chemical exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $86.86-$89.19 after having opened the day at $89.19 as compared to the previous trading day's close of $88.58.

Eastman Chemical Company, a specialty chemical company, manufactures and sells chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical 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 Wednesday. Currently there are 11 analysts that rate Eastman Chemical a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Eastman Chemical 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 Ratings Report now.

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