3 Stocks Dragging The 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 36 points (0.2%) at 17,520 as of Thursday, Nov. 6, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,530 issues advancing vs. 1,416 declining with 183 unchanged.

The Chemicals industry currently sits down 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include LyondellBasell Industries ( LYB), up 1.2%, Sherwin-Williams ( SHW), up 0.9%, E I du Pont de Nemours & Company ( DD), up 0.7%, Dow Chemical ( DOW), up 0.6% and Praxair ( PX), up 0.5%.

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 $0.19 (-1.3%) to $14.37 on average volume. Thus far, 179,125 shares of Braskem exchanged hands as compared to its average daily volume of 408,200 shares. The stock has ranged in price between $14.30-$14.86 after having opened the day at $14.77 as compared to the previous trading day's close of $14.56.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Braskem has a market cap of $5.8 billion and is part of the basic materials sector. Shares are down 18.4% year-to-date as of the close of trading on Wednesday. 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, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. 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, Solazyme ( SZYM) is down $3.69 (-49.3%) to $3.80 on heavy volume. Thus far, 8.5 million shares of Solazyme exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $3.75-$4.13 after having opened the day at $4.00 as compared to the previous trading day's close of $7.49.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Solazyme, Inc. manufactures and sells renewable oils and other bioproducts. Its proprietary technology transforms a range of plant-based sugars into triglyceride oils and other bioproducts. Solazyme has a market cap of $577.6 million and is part of the basic materials sector. Shares are down 31.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Solazyme a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Solazyme as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself. Get the full Solazyme 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 $4.35 (-1.7%) to $249.28 on average volume. Thus far, 545,570 shares of CF Industries Holdings exchanged hands as compared to its average daily volume of 821,300 shares. The stock has ranged in price between $241.03-$252.47 after having opened the day at $242.54 as compared to the previous trading day's close of $253.63.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $12.5 billion and is part of the basic materials sector. Shares are up 8.8% year-to-date as of the close of trading on Wednesday. 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 expanding profit margins, solid stock price performance 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).

null

More from Markets

3 Things Investors Must Know for Monday

3 Things Investors Must Know for Monday

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric