3 Chemicals Stocks Dragging The Industry Down

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 186 points (1.1%) at 16,337 as of Thursday, Jan. 14, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,454 issues advancing vs. 1,529 declining with 133 unchanged.

The Chemicals industry currently sits up 0.5% versus the S&P 500, which is up 0.8%. A company within the industry that fell today was Israel Chemicals ( ICL), up 2.1%.

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 $0.27 (-2.1%) to $12.52 on average volume. Thus far, 382,516 shares of Braskem exchanged hands as compared to its average daily volume of 735,800 shares. The stock has ranged in price between $12.46-$13.02 after having opened the day at $13.02 as compared to the previous trading day's close of $12.79.

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Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Braskem has a market cap of $5.3 billion and is part of the basic materials sector. Shares are down 5.5% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate Braskem a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Braskem as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Braskem Ratings Report now.

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2. As of noon trading, PPG Industries ( PPG) is down $0.55 (-0.6%) to $92.50 on average volume. Thus far, 623,583 shares of PPG Industries exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $91.60-$93.85 after having opened the day at $93.78 as compared to the previous trading day's close of $93.05.

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PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. PPG Industries has a market cap of $25.6 billion and is part of the basic materials sector. Shares are down 5.8% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts that rate PPG Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates PPG Industries 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, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full PPG Industries Ratings Report now.

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1. As of noon trading, Air Products & Chemicals ( APD) is down $1.50 (-1.3%) to $117.05 on heavy volume. Thus far, 1.2 million shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $115.64-$119.24 after having opened the day at $118.63 as compared to the previous trading day's close of $118.55.

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Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. Air Products & Chemicals has a market cap of $26.1 billion and is part of the basic materials sector. Shares are down 8.9% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Air Products & Chemicals a buy, no analysts rate it a sell, and 5 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 impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Air Products & Chemicals Ratings Report now.

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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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