|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||58.75 - 59.51|
|52 Week Range||51.35 - 64.17|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
PPG Industries (PPG) announced its 1Q18 earnings before the market opened on April 19. The company reported adjusted EPS (earnings per share) of $1.39 in 1Q18, a rise of ~3.0% over its 4Q16 EPS on a reporting basis. In 4Q16, PPG Industries reported adjusted EPS of $1.35. On a continuing operation basis, the earnings represent growth of 4.5%. However, PPG’s earnings missed analysts’ estimate of $1.40 adjusted EPS.
Sherwin-Williams is expected to report revenue of $4.0 billion in 1Q18, a 43.1% increase from 1Q17’s $2.8 billion. If SHW manages to meet expectations, it will achieve its highest first-quarter revenue ever and have a first-quarter CAGR (compound annual growth rate) of 12.8% since 2013. SHW’s projected revenue growth will be primarily driven by the acquisition revenue.
Last week, potash prices remained strong with overall flat to positive movement. Prices in Brazil and Southeast Asia remained particularly strong week-over-week.
In the week that ended on April 13, 2018, urea prices were broadly flat to negative at the NOLA (New Orleans) and Brazil locations. The weakness in urea prices was a continuation of the trend we’ve observed in the last six consecutive weeks. Last week, granular urea prices at the NOLA location in the United States fell as much as 3.5% week-over-week to $200 per metric ton from $207 per metric ton in the previous week.
On a day stocks staged a broad-based rally, Merck and Bristol-Myers Squibb reported drug trial results that sent their shares in opposite directions.
In the week ended April 6, potash prices were broadly flat to positive unlike what we saw for nitrogen and phosphate fertilizers. Potash prices remained strong given that the industry is more consolidated after the merger of PotashCorp (POT) and Agrium (AGU) (NTR).
In the week ended April 6, DAP (diammonium phosphate) prices at the seven locations discussed below were broadly flat to negative except in India where DAP prices rose 24 basis points week-over-week to $424 per metric ton from $423 per metric ton.
Natural gas prices affect the profitability of nitrogen as well phosphate producers (XLB) such as Mosaic (MOS), Nutrien (NTR), CF Industries (CF), and CVR Partners (UAN). Low natural gas prices help these companies stay competitive and keep fertilizers affordable.
In Bayer-Monsanto Deal Receives European Union Approval, we discussed some of the concerns that delayed the approval of the Bayer-Monsanto (MON) merger by antitrust officials in various jurisdictions (XLB). Large overlaps in the business have been a concern for antitrust regulators. Bayer and Monsanto are complementary businesses with minimal overlap.
It can be hard to be bullish on sectors when they are slumping: just look at the materials sector. It's one of the smallest sector weights in the S&P 500, but it is sporting one of the largest year-to-date ...
Westlake Chemical’s (WLK) stock price has risen 4.3%, while LyondellBasell (LYB) and Olin (OLN) have fallen 4.2% and 14.6%, respectively, in the same period. Eastman Chemical’s strong performance is due to better-than-expected 4Q17 earnings. EMN reported 4Q17 adjusted earnings per share of $1.62 and reported revenue of $2.4 billion as compared to $2.2 billion in 4Q16 earnings.
A historic meeting between North and South Korea is set. Yahoo Finance’s Alexis Christoforous and Andy Serwer discuss the greater impact on international markets.
President Trump said he would impose $60 billion worth of tariffs on China. Yahoo Finance's Seana Smith, Dion Rabouin and Ethan Wolff-Mann discuss how the tariffs could impact the US economy and trigger potential backlash.