3 Stocks Pushing The Basic Materials Sector Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.4%) at 17,034 as of Tuesday, Sept. 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 824 issues advancing vs. 2,132 declining with 162 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Continental Resources ( CLR), down 1.3%, Statoil ASA ( STO), down 1.2%, Royal Dutch Shell ( RDS.B), down 1.1%, Chevron ( CVX), down 0.7% and China Petroleum & Chemical ( SNP), down 0.6%. Top gainers within the sector include Encana ( ECA), up 2.8%, EQT ( EQT), up 2.0% and Enbridge ( ENB), up 0.8%.

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

3. Air Products & Chemicals ( APD) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Air Products & Chemicals is down $1.76 (-1.3%) to $130.23 on light volume. Thus far, 345,966 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $130.21-$132.04 after having opened the day at $131.97 as compared to the previous trading day's close of $131.99.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates through four segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Air Products & Chemicals has a market cap of $28.2 billion and is part of the chemicals industry. Shares are up 18.1% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Air Products & Chemicals Ratings Report now.

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