BAK, SMG And CF, Pushing 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 5 points (0.0%) at 17,085 as of Friday, Aug. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,872 issues advancing vs. 1,050 declining with 205 unchanged.

The Chemicals industry currently sits up 0.2% versus the S&P 500, which is up 0.2%.

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

3. Braskem ( BAK) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Braskem is down $0.20 (-1.5%) to $13.48 on average volume. Thus far, 144,833 shares of Braskem exchanged hands as compared to its average daily volume of 262,800 shares. The stock has ranged in price between $13.48-$13.77 after having opened the day at $13.77 as compared to the previous trading day's close of $13.68.

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Braskem has a market cap of $5.5 billion and is part of the basic materials sector. Shares are down 23.4% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates Braskem a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Braskem as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow and feeble growth in its earnings per share. Get the full Braskem 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, Scotts Miracle Gro ( SMG) is down $1.29 (-2.2%) to $57.75 on heavy volume. Thus far, 292,747 shares of Scotts Miracle Gro exchanged hands as compared to its average daily volume of 309,900 shares. The stock has ranged in price between $57.05-$59.02 after having opened the day at $58.80 as compared to the previous trading day's close of $59.04.

The Scotts Miracle-Gro Company is engaged in manufacturing, marketing, and selling consumer lawn and garden care products. Scotts Miracle Gro has a market cap of $3.7 billion and is part of the basic materials sector. Shares are down 1.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Scotts Miracle Gro a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Scotts Miracle Gro as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Scotts Miracle Gro 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, CF Industries Holdings ( CF) is down $3.03 (-1.2%) to $257.22 on light volume. Thus far, 139,784 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 612,900 shares. The stock has ranged in price between $257.22-$260.99 after having opened the day at $260.19 as compared to the previous trading day's close of $260.25.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products worldwide. It operates in two segments, Nitrogen and Phosphate. CF Industries Holdings has a market cap of $12.9 billion and is part of the basic materials sector. Shares are up 11.7% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate CF Industries Holdings a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates CF Industries Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full CF Industries Holdings 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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