3 Stocks Dragging The Chemicals Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

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

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

3. Eastman Chemical ( EMN) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Eastman Chemical is down $0.90 (-1.1%) to $82.92 on light volume. Thus far, 360,252 shares of Eastman Chemical exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $82.88-$83.88 after having opened the day at $83.85 as compared to the previous trading day's close of $83.83.

Eastman Chemical Company, a specialty chemical company, manufactures and sells chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical has a market cap of $12.6 billion and is part of the basic materials sector. Shares are up 3.9% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Eastman Chemical a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eastman Chemical as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Eastman 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, Praxair ( PX) is down $0.94 (-0.7%) to $132.23 on average volume. Thus far, 513,738 shares of Praxair exchanged hands as compared to its average daily volume of 916,500 shares. The stock has ranged in price between $132.01-$133.06 after having opened the day at $133.03 as compared to the previous trading day's close of $133.17.

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $39.0 billion and is part of the basic materials sector. Shares are up 2.4% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Praxair 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Praxair 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, LyondellBasell Industries ( LYB) is down $0.86 (-0.8%) to $111.75 on light volume. Thus far, 903,440 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $111.62-$112.82 after having opened the day at $112.56 as compared to the previous trading day's close of $112.61.

LyondellBasell Industries N.V., together with its subsidiaries, manufactures chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for production of polymers. LyondellBasell Industries has a market cap of $58.4 billion and is part of the basic materials sector. Shares are up 40.3% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries 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, 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 LyondellBasell Industries 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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