56.01 +0.03 (0.05%)
After hours: 7:58PM EDT
|Bid||55.92 x 800|
|Ask||55.90 x 800|
|Day's Range||55.87 - 57.89|
|52 Week Range||48.00 - 60.52|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||63.39|
Before a replacement deal for Nafta takes effect, Mexico needs to prove it will enforce labor reforms that it’s in the process of enacting, said AFL-CIO President Richard Trumka on Tuesday, detailing a key objection to the USMCA.
U.S. stock futures were lower this morning, a possible continuation of the very cautious trading of recent days. Despite that lack of movement, the S&P 500 and Nasdaq are both up for the past two days and three of the past four, and both posted their highest closes since Oct. 3 Monday. Twitter (TWTR) is also set to report.
Dow Inc locked 226 employees out of its Houston-area chemical plant in Deer Park, Texas, on Monday afternoon after United Steelworkers union (USW) workers rejected the latest labor contract proposal, USW officials said. Dow has twice made contract proposals it called "last, best and final." The first was rejected by 96 percent of the membership and the second by 98 percent, said Lee Medley, president of Local 13-1, which represents the Dow workers.
Dow Inc plans to lock 226 workers out of its Houston-area chemical plant in Deer Park, Texas, on Monday afternoon after United Steelworkers union (USW) workers rejected the latest contract proposal, said USW officials.
Kerrii B. Anderson, former CEO and President of Wendy's International, Inc., and Jeff M. Fettig, former Chairman and CEO of Whirlpool Corporation, join the Board CLEVELAND , April 17, 2019 /PRNewswire/ ...
The materials sector is one of the smallest sectors in the S&P 500 and as such, the group often goes overlooked. However, there are reasons for investors to give the Materials Select Sector SPDR (NYSEArca: ...
Income expert Harry Domash maintains a wide variety of portfolios designed to help investors seeking a diversified portfolio of dividend stocks. Here, the editor of Dividend Detective highlights a trio of yield-oriented favorites.
While RBC Capital Markets is bullish on the new company split off from an old chemicals name, it's less positive on what remains of the old business. The Analyst Arun Viswanathan initiated coverage of ...
Deutsche Bank upgraded Netflix to buy from hold Deutsche Bank upgraded Western Digital to buy from hold Bank of America downgraded Snap-on to neutral from buy RBC downgraded British Petroleum to outperform from top pick Goldman Sachs downgraded Cisco Systems to buy from conviction buy RBC initiated Dow Inc.
Dow (DOW) has declared a dividend of 70 cents per share, payable June 14, 2019, to shareholders of record on May 31, 2019. Consistent with Dow’s capital allocation priorities, this payout reaffirms the Company’s focus on exercising capital discipline and delivering solid shareholder returns. In addition, it establishes Dow with an industry-leading dividend payout.
Shares of the now-independent Dow Inc (NYSE:DOW) declined on Friday for the first time since the company was spun off . The Midland, Michigan-based manufacturer of chemicals saw its stock fall on a bearish initiation by an analyst. After Dow Inc stock rose for three straight days, investors may have had good reasons to doubt the shares.Source: Shutterstock But investors should remember that the initiation contrasts with the analyses of numerous others on the Street. And while it remains unclear how the bearish evaluation will affect DOW stock in the longer run, the note should remind investors to compare Dow Inc stock to its peers. The InitiationDow Inc stock fell by $2.47 per share to $57.24 per share on Friday, representing a 4.14% decline for the day. At that point, Dow stock had only traded four days since completing its spinoff from DowDuPont (NYSE:DWDP).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Dow Jones Stocks Holding the Blue Chip Index Back Shares fell after JPMorgan analyst Jeffrey Zekauskas started Dow Inc stock with an "underweight" rating. He set a $49 price target on Dow Inc stock, which would represent a discount of around 12.5% from its current levels. The stock has now received a rating from 17 analysts, and Zekauskas became the first analyst to make a bearish call on DOW stock.In his report, he noted that DOW has a higher dividend than its peers. According to Zekauskas, DOW's 2019 dividend will be equal to 25% of its EBITDA. That implies a yield of about 4.7%. Dow's peers, LyondellBasell Industries (NYSE:LYB) and Westlake Chemical (NYSE:WLK), have lower yields, he wrote. Dow Inc Stock Trades at a Higher Multiple Than Its PeersIt remains unclear whether Dow Inc stock will fall to the $49-per-share level. Still, Zekaukas makes some important points in his report. The forward earnings multiple of Dow Inc stock, based on analysts' average 2019 EPS estimate, is 9.9. LYB stock trades at around 7.8 times its estimated forward earnings, while the forward PE of WLK stock stands at about 8.9.Moreover, Dow Inc stock has returned to trading as an independent company after briefly teaming up with DuPont. At this point, I think traders need more time to fully assess DOW stock. Dividend DangersTraders might overlook these concerns due to Dow's high dividend yield. Unfortunately, investors have good reason to hold doubts about the payout.DowDuPont slashed its dividends in 2017 and 2018 after increasing them annually for years. Conversely, after Abbott Laboratories (NYSE:ABT) and AbbVie (NYSE:ABBV) broke up, they continued their decades-long tradition of yearly payout hikes. As a result , Dow Inc stock will not have a "dividend aristocrat" streak (meaning 25 or more years of annual dividend increases) that it can use to attract investors.For this reason, investors in the chemicals space might see better returns from LyondellBasell stock. LYB trades at a substantially lower forward PE ratio than Dow Inc stock. And despite the fact that LYB's 4.4% dividend yield is slightly lower than that of DOW, LYB has increased its annual payouts for seven straight years. So the outlook of LYB stock's dividends is more certain at this time. Concluding Thoughts on Dow Inc StockThe analyst's initiation has reminded investors to compare Dow Inc stock to its peers before buying DOW stock. But Zekauskas' bearish initiation goes against the grain. For this reason, investors should not simply assume that DOW will fall to $49 per share.However, the analyst argument that DOW may not compare well to its peers is solid. Moreover, DOW stock has only traded for a few days since it again became an independent company. Investors may need more time to develop a deeper understanding of DOW stock before buying the shares. Until the path pf Dow Inc stock becomes clearer, investors should probably look to other equities in the chemicals space.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Analyst Note Fosters Doubts About Dow Inc Stock appeared first on InvestorPlace.
Five breakthrough technologies from Dow were recognized with prestigious Edison Awards on April 4, 2019, setting a record for the company. The winners, selected from thousands of nominees, were announced at the annual Edison Awards Gala in New York City.
Dow is again teaming up with national nonprofit and long-standing collaborator Keep America Beautiful® to award up to $125,000 in grants for organizations to establish the Hefty® EnergyBag® program in their communities. The Hefty® EnergyBag® program, a collaboration between Dow and Reynolds Consumer Products, offers an innovative approach to diverting hard-to-recycle plastics, such as chip bags, standup pouches, foam containers, candy wrappers and juice pouches, from landfills and converting the materials into valuable resources. For a fourth cycle, Dow is offering, via the 2019 Hefty® EnergyBag® grant program, up to $125,000 in grant funding to eligible communities across the nation.
Shares of Dow Inc. were headed for their first loss as a newly independent public entity, after J.P. Morgan analyst Jeffrey Zekauskas became the first analyst to take a bearish stance on the materials science company.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included pharmaceutical and semiconductor leaders. And bearish calls included a fresh IPO and a struggling ...
closed down 4.14% to $57.24 Friday, after JPMorgan initiated coverage of the materials science company with an underweight rating and a target price of $49. Zekauskas said he believes the market has yet to see the low point of domestic ethylene and polyethylene margins for 2019-2020, and adds that Dow's earnings and trading multiples are sensitive to oil prices. "The risk to the Dow share price is, for this reason, larger than that of the price risk of the other petrochemical companies as Dow could well lose the dividend premium it receives currently," he said.
U.S. stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year. The gains put the benchmark S&P 500 on track to close higher for seven trading days in a row, which would be its longest winning streak since October 2017.
Investing.com – The Dow rose again on Friday, led by energy and data showing the U.S. economy created more jobs than expected last month.
Shares of Dow Inc. fell 0.9% in premarket trade Friday, after J.P. Morgan analyst Jeffrey Zekauskas took a bearish stance on the newly-independent materials science company citing relative valuation concerns. Zekauskas initiated coverage with an underweight rating and stock price target of $49, which is 18% below Thursday's closing price of $59.71, which makes him the only analyst of the 17 covering the company that is bearish, according to FactSet. Dow, which was spun off from DowDuPont Inc. and became a Dow Jones Industrial Average component this week. Zekauskas said he believes Dow trades at a premium to its peers, which he sees as LyondellBasel Industries N.V. and Westlake Chemical Corp. , because of its larger dividend. "We do not believe that that Dow would maintain its multiple premium versus other North American petrochemical companies were the possibility of a recession meaningful," Zekauskas wrote in a note to clients. "The risk to the Dow share price is, for this reason, larger than that of the price risk of the other petrochemical companies as Dow could well lose the dividend premium it receives currently."
It was another win for the market yesterday, but just barely. The S&P 500 edged 0.21% higher, still struggling with the weight of the impressive gains seen since late December.Dow (NYSE:DOW) led the way, gaining another 5% as investors continue to celebrate its split with DowDuPont (NYSE:DWDP). At the other end of the spectrum, Tesla (NASDAQ:TSLA) fell more than 8% following a first-quarter delivery report that was shockingly lower than its fourth quarter figures.Headed into the final trading day of the week, it's the stock charts of Hartford Financial Services Group (NYSE:HIG), Freeport-McMoRan (NYSE:FCX) and Morgan Stanley (NYSE:MS) that are of the most interest.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Morgan Stanley (MS)In mid-March, Morgan Stanley shares had proven they were range-bound. Although the bulls had proven they were willing to take their shot, they hadn't proven that could actually get MS stock over the proverbial hump. On the other hand, at least Morgan Stanley stock was finding support in all the right places, remaining in the hunt for yet another breakout effort. * 7 Biometric Stocks to Watch as AI Rises The effort the buyers made on Thursday has pushed MS shares just a hair above a nagging resistance line and is challenging another one. One more good day could do the trick, although realistically speaking, Morgan Stanley will still likely need to fall back again before putting in the breakout effort that takes hold once and for all. Click to Enlarge • The technical ceiling that has been cleared is the $45 area, where MS peaked in January and again in March. It's plotted in yellow on both stock charts.• Shares of Morgan Stanley are also testing the white 200-day moving average line, but clearly paused there when put to the test.• Although momentum has actually been building for weeks, between Wednesday's opening gap (highlighted on the daily chart) and waning volume on the way up, the bulls may need to slide back first and fill in that gap before punching through the big ceiling. Freeport-McMoRan (FCX)The last time we looked at Freeport-McMoRan back on March 21, it had just pushed off of support offered by its 50-day moving average as part of the bigger-picture rebound effort that began in January. At the time, however, it wasn't above the more pivotal line in the sand.That's happened in the meantime. While it took some time and work, Thursday's session cleared a huge technical hurdle. Click to Enlarge• That ceiling was the 200-day moving average line, plotted in white on both stock charts. It was resistance in February, but was unable to hold the buyers back this time around.• Bolstering the bullish case are not one but two instances of support at the purple 50-day moving average line. Each is highlighted on the daily chart.• Zooming out to the weekly chart, we can clearly see the downtrend that shaped most of 2018's selling, framed by blue lines, has been broken, yielding to a new, bullish trading range plotted by red lines on the same chart. Hartford Financial Services Group (HIG)Like most other names, Hartford Financial Services Group enjoyed a fantastic January and February, erasing a miserable October through December. But also like most stocks, HIG stock has been stagnant since March, mostly moving sideways.That has changed this week though, and decisively so on Thursday. Shares are up and over a pretty big technical hurdle, and they've cleared it with some compelling underpinnings. Click to Enlarge • The hurdle in question is $49.70, plotted in yellow on both stock charts. That level had been resistance a few times over the past few weeks, but yesterday's close of $50 puts in in the rearview mirror.• Zooming out to the weekly chart we can see the $49.70 area has been a ceiling before, as well as support.• The clincher is the "golden cross" plotted on the daily chart. That's where the purple 50-day moving average line has crossed back above the white 200-day moving average, hinting at a new bullish uptrend.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post 3 Big Stock Charts for Friday: Freeport-McMoRan, Morgan Stanley and Hartford Financial Services Group appeared first on InvestorPlace.
Stocks close mostly higher Thursday, with the S&P 500 extending its win streak to a sixth session, as investors continued to monitor trade talks between the U.S. and China which are reportedly in the final stretch.
DowDuPont Inc. said late Wednesday its board will be proposing a reverse stock split at a special stockholder meeting. Should shareholders vote for the reverse split at a May 23 meeting, the board will choose a split "of not less than 2-for-5 and not greater than 1-for-3." The purpose of the split is "to increase the market price of DowDuPont's common stock in connection with the company's intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva Inc., which holds the company's agriculture business," DowDuPont said in a statement. Recently, Dow Inc. was spun off from DowDuPont, with the former trading as a component of the price-weighted Dow Jones Industrial Average . DowDuPont shares, which closed up 2.4% at $37.35, rose 0.4% after hours.
Investing.com - The Dow closed lower Tuesday, struggling to shake off a slump in Walgreen Boots Alliance and weakness in energy stocks.
WILMINGTON, Del., April 1, 2019 /PRNewswire/ -- DowDuPont Inc. (DWDP) today announced that it has completed the separation of its Materials Science Division through the spin-off of Dow Inc. ("Dow"). Dow begins "regular way" trading tomorrow on the NYSE under the symbol "DOW." DowDuPont common stockholders received one share of common stock of Dow for every three shares of DowDuPont common stock they held as of the close of business on March 21, 2019.