3 Stocks Improving Performance Of The Chemicals Industry

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 52 points (-0.3%) at 18,381 as of Monday, Aug. 1, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,146 issues advancing vs. 1,771 declining with 163 unchanged.

The Chemicals industry currently sits down 0.6% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Williams Partners ( WPZ), down 3.4%, Celanese ( CE), down 2.0%, LyondellBasell Industries ( LYB), down 0.8% and Praxair ( PX), down 0.8%.

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

3. Braskem ( BAK) is one of the companies pushing the Chemicals industry higher today. As of noon trading, Braskem is up $0.17 (1.5%) to $11.67 on light volume. Thus far, 177,748 shares of Braskem exchanged hands as compared to its average daily volume of 490,100 shares. The stock has ranged in price between $11.40-$11.84 after having opened the day at $11.43 as compared to the previous trading day's close of $11.50.

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Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Braskem has a market cap of $4.5 billion and is part of the basic materials sector. Shares are down 15.1% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Braskem a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Braskem as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins. Get the full Braskem Ratings Report now.

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