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A Strong World Economy Lifts Chemical Firms

Published 06/28/2017, 05:34 AM
Updated 07/09/2023, 06:31 AM

The Diversified Chemicals industry inside our Zacks Industry Ranks is a big, big group of firms. It holds 45 companies.

That means this, towards any analysis of fundamentals -- The huge number of corporate actors in the space makes it much, much tougher to turn up any aggregate annual earnings revision dial.

That makes it all the more impressive to see. The Diversified Chemical industry is indeed highly ranked (with a top 12% spot) at #33 of 265 at Zacks. In the last few weeks, we counted 8 positive analyst earnings revisions, versus just 3 negative ones.

Year-to-date, this Diversified Chemicals industry group returned +11.8% versus the S&P500 at +9.7%. That makes it clear. This top Zacks Rank Industry has the individual stock outperformers.

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BASF SE (DE:BASFN

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