KRO, AGU And MEOH, 3 Chemicals Stocks Pushing The Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Chemicals industry currently sits down 0.1% versus the S&P 500, which is up 0.4%. A company within the industry that increased today was Sherwin-Williams ( SHW), up 0.7%.

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

3. Kronos Worldwide ( KRO) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Kronos Worldwide is down $0.47 (-3.0%) to $15.22 on light volume. Thus far, 93,593 shares of Kronos Worldwide exchanged hands as compared to its average daily volume of 267,800 shares. The stock has ranged in price between $15.20-$15.80 after having opened the day at $15.77 as compared to the previous trading day's close of $15.69.

Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) worldwide. Kronos Worldwide has a market cap of $1.8 billion and is part of the basic materials sector. Shares are down 17.6% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate Kronos Worldwide a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Kronos Worldwide as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. Get the full Kronos Worldwide 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, Agrium ( AGU) is down $0.92 (-1.0%) to $89.51 on heavy volume. Thus far, 530,034 shares of Agrium exchanged hands as compared to its average daily volume of 545,900 shares. The stock has ranged in price between $88.77-$90.40 after having opened the day at $90.17 as compared to the previous trading day's close of $90.43.

Agrium Inc. produces, retails, and distributes the crop nutrients, crop protection products, seeds, and agronomics primarily in North America, South America, Europe, and Australia. The company operates through two segments, Retail and Wholesale. Agrium has a market cap of $13.3 billion and is part of the basic materials sector. Shares are down 1.1% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts that rate Agrium a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Agrium 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, Methanex ( MEOH) is down $0.91 (-1.5%) to $61.30 on average volume. Thus far, 331,070 shares of Methanex exchanged hands as compared to its average daily volume of 869,100 shares. The stock has ranged in price between $61.26-$62.27 after having opened the day at $62.25 as compared to the previous trading day's close of $62.21.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors in the Asia Pacific, North America, Europe, and South America. It also purchases and re-sells methanol produced by others on the spot market. Methanex has a market cap of $6.0 billion and is part of the basic materials sector. Shares are up 5.0% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Methanex a buy, no analysts rate it a sell, and 4 rate it a hold.

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