|Bid||0.00 x 4000|
|Ask||0.00 x 1800|
|Day's Range||51.74 - 54.00|
|52 Week Range||50.09 - 64.17|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.16|
|Expense Ratio (net)||0.00%|
LyondellBasell (LYB) declared its fourth-quarter dividend in a press release on November 30. To be part of the dividend, investors should hold LyondellBasell shares at the close on December 10 in the company’s records. LyondellBasell is expected to pay the dividend on December 17.
PPG Industries Inc. said Monday it will raise prices on all of its industrial coatings products by 10%, effective Jan. 1 as permissible by contract. The company cited "unprecedented cost pressures" in raw materials, freight, energy and labor for the price increases. The stock rose 1% in morning trade. In the third quarter, the company said U.S. and Canada sales represented 43% of total revenue, Asia-Pacific sales represented 17%, Europe, Middle East and Africa represented 30% and Latin America accounted for 10%. "We continue to be diligent in offsetting costs and exercising cost-control measures across our supply chain to increase efficiency," said Tim Knavish, senior vice president of industrial coatings. "Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and solutions to our customers." The stock has shed 5.6% year to date, while the SPDR Materials Select Sector ETF has lost 8.2% and the S&P 500 has gained 4.4%.
December is believed to be a good month for U.S. equities and historical data affirm that belief. At the sector level, December brings some familiar opportunities accessible via exchange traded funds. Familiar because the sector ETFs with strong December reputations have historically performed well in November, too.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
As we discussed in the previous part of this series, Fed Chairman Jerome Powell’s speech yesterday had a different tone than the one he made in October. Along with other data for the US economy, markets reacted sharply to the speech, ultimately falling into correction territory. Another important leading indicator, business investment, is also slowing.
The number of analysts tracking Eastman Chemical (EMN) has improved since its third-quarter earnings. Currently, 17 analysts are actively tracking the stock. Among the analysts, 59% recommended a “buy,” 41% recommended a “hold,” and none of the analysts recommended a “sell.” Analysts’ views and recommendations track the stock price.
On November 21, Linde (LIN), which merged with Praxair, announced that it signed an agreement with NLMK, an international steel product manufacturer, to supply industrial gases like oxygen, nitrogen, and argon to its Novolipetsk steel site in Russia. To supply the required gases, Linde will likely invest 100 million euros to build a new air separation unit at the steel plant facility. The new air separation plant is expected to have a capacity of 72,000 cubic meters of gaseous oxygen per hour.
In a press release on November 20, Air Products and Chemicals (APD) announced the key dates for its quarterly dividend. To be eligible for the dividend, investors should hold Air Products and Chemicals shares as of the close on January 2, 2019. The dividend will be paid on the outstanding shares.
CF Industries (CF) is one of the dominant nitrogen fertilizer players in North America. The company benefits from low natural gas prices. Natural gas is a key input in nitrogen fertilizer production. The stock has seen its highs and lows in 2018. In November, the stock saw the most returns almost flatten due to global tensions.
As the bull market runs out of steam, top investment pros weigh in on what they believe are the best opportunities for investors in the fourth quarter. Their top three sector picks: tech, health care and materials.
On November 13, DowDuPont (DWDP) announced that it intends to raise $12.7 billion in debt through senior notes. On November 14, DowDuPont priced its notes. The offer is expected to be completed by November 28. Below are the details of the senior notes that will be issued: $1.5 billion carrying coupon rate of ~3.76% due in 2020 $2.5 billion carrying coupon rate of ~4.20% due in 2023 $1.85 billion carrying coupon rate of ~4.5% due in 2025 $2.25 billion carrying coupon rate of ~4.73% due in 2028 $1.65 billion carrying coupon rate of ~5.32% due in 2038 $2.15 billion carrying coupon rate of ~5. ...
Since the middle part of 2017, an extremely broad range of commodities have managed to trend higher. Predictable behavior near major levels of support and resistance has made this group a favorite among active traders. Traditionally, when active traders would look to gain exposure to commodities, they would be required to have a futures account.
In a press release on November 12, Praxair, which is now the wholly-owned subsidiary of Linde (LIN), announced that it has entered into a long-term agreement to supply oxygen to Fulcrum BioEnergy’s Sierra BioFuels Plant in Storey County, Nevada. According to the press release, Praxair will construct two vacuum pressure swing adsorption plants at the facility. The facility is expected to start its operations by 2020. The plant will also use Praxair’s proprietary technology—Hot Oxygen Burner, which will help increase the syngas yield from the gasification process.
Given the solid results, the material sector is up 2.5% in response to earnings announcements. The positive trading has also pushed material ETFs higher over the past month.
Air Products and Chemicals (APD) reported revenues of $2.30 billion in the fourth quarter, which implies 4.3% YoY (year-over-year) growth. In the fourth quarter of 2017, Air Products and Chemicals reported revenues of $2.20 billion. However, the company’s revenues missed analysts’ estimate of $2.31 billion.
DowDuPont (DWDP) reported Q3 2018 revenues of $20.12 billion, an increase of 10.0% over its pro forma revenues of $18.29 billion in Q3 2017. Analysts expected DWDP to report revenues of ~$20.21 billion. The revenue growth is significant considering the divestitures that Dow Chemical and DuPont made to facilitate the merger.
In the week ending November 2, the natural gas prices in most of the locations in the United States declined week-over-week due to warmer weather. Warmer weather reduced the need for heating, which is supplied by natural gas. Let’s look at how natural gas prices performed at the key Henry Hub location in the United States.
Air Products and Chemicals (APD) is expected to report revenues of $2.31 billion in the fourth quarter of the fiscal year, which represents a ~4.9% increase from to the fourth quarter of 2017, when it reported revenues of $2.20 billion. Can APD keep up its upward trend for the fourth quarter?
October brought some of the worst monthly losses on record for several sectors and the related exchange traded funds and that's true across styles and market cap segments. Since 1999, the first full year of trading for the sector SPDR ETFs, XLB has been the best performer in November, averaging a gain of close to 3 percent according to CXO Advisory. October 2018 was one of the worst months on record for S&P 500 industrial stocks, The Industrial Select Sector SPDR (NYSE: XLI) will try to shake off its October woes to live up to its November precedent.