3 Stocks Dragging 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 122 points (0.7%) at 17,066 as of Monday, July 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,069 issues advancing vs. 930 declining with 155 unchanged.

The Chemicals industry currently sits up 0.8% versus the S&P 500, which is up 0.5%.

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

3. Westlake Chemical ( WLK) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Westlake Chemical is down $0.83 (-1.0%) to $84.81 on average volume. Thus far, 258,427 shares of Westlake Chemical exchanged hands as compared to its average daily volume of 671,100 shares. The stock has ranged in price between $84.34-$86.13 after having opened the day at $86.05 as compared to the previous trading day's close of $85.64.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. Westlake Chemical has a market cap of $11.3 billion and is part of the basic materials sector. Shares are up 40.3% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Westlake Chemical a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Westlake Chemical as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Westlake Chemical Ratings Report now.

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