3 Stocks Pushing The Chemicals Industry Downward

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.

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.

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

2. As of noon trading, PPG Industries ( PPG) is down $1.00 (-0.5%) to $195.30 on light volume. Thus far, 277,447 shares of PPG Industries exchanged hands as compared to its average daily volume of 878,500 shares. The stock has ranged in price between $194.57-$196.94 after having opened the day at $196.63 as compared to the previous trading day's close of $196.30.

PPG Industries, Inc. manufactures and distributes coatings, optical and specialty materials, and glass products. The company operates in five segments: Performance Coatings, Industrial Coatings, Architectural Coatings, Optical and Specialty Materials, and Glass. PPG Industries has a market cap of $27.2 billion and is part of the basic materials sector. Shares are up 3.5% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PPG Industries Ratings Report now.

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

1. As of noon trading, Monsanto ( MON) is down $1.09 (-1.0%) to $111.04 on light volume. Thus far, 1.0 million shares of Monsanto exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $110.97-$112.87 after having opened the day at $112.16 as compared to the previous trading day's close of $112.13.

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. Monsanto has a market cap of $58.7 billion and is part of the basic materials sector. Shares are down 3.8% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Monsanto a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Monsanto as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Monsanto Ratings Report now.

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

If you are interested in one of these 3 stocks, 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).

null

More from Markets

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Starbucks Slides After 'Unacceptable' Performance Leads to U.S. Store Closures

Starbucks Slides After 'Unacceptable' Performance Leads to U.S. Store Closures

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'