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.

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, FMC Corporation ( FMC) is down $0.56 (-0.8%) to $68.70 on light volume. Thus far, 305,651 shares of FMC Corporation exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $68.48-$69.04 after having opened the day at $68.54 as compared to the previous trading day's close of $69.26.

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for agricultural, industrial, environmental, and consumer markets. It operates in three segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Minerals. FMC Corporation has a market cap of $9.2 billion and is part of the basic materials sector. Shares are down 8.2% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate FMC Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates FMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full FMC Corporation 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 $0.69 (-0.6%) to $120.21 on average volume. Thus far, 1.6 million shares of Monsanto exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $119.99-$121.54 after having opened the day at $121.17 as compared to the previous trading day's close of $120.90.

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 $64.3 billion and is part of the basic materials sector. Shares are up 3.7% year-to-date as of the close of trading on Friday. 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, expanding profit margins, notable return on equity and reasonable valuation levels. 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).

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