FeBrUary 19
252.12
Week ago
QUar Ter ago
year ago
247.36
227.07
194.87
*Jan. 1, 2002 = 100.
The CW 75 Index rose 1.9% for the week ending February 19, reflecting positive fourth-quarter earnings results. Basic chemical stocks rose 5.5%, while diversified and specialty chemical shares increased 1% and 1.2%, respectively. Fertilizer stocks did well because of strong earnings results (CW, Feb. 11/18, p. 7).
Georgia Gulf topped the laggards’ list because it reported a fourth-quarter loss of 54cts/share, excluding charges of $6.62/ share. First Call’s (Boston) analyst consensus estimate was for a loss of 25 cts/share. Declines in the North American construction markets forced profits down, Georgia Gulf says.
Monsanto has edged BASF out of the top position in the CW75 because Monsanto has the largest market cap. Strong earnings results, as well as Monsanto’s news that it raised its full-year 2008 earnings outlook, drove up its stock price and market cap.
C W 75
(index; Jan. 1, 2002 = 100)
300 CW 75 stock index
SPX
250
200
150
100
FMAM J J AS ’07
Source: CW research.
OND
JF ’08
Company
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Closing price
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Category* m arketcap
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monsanto mon D 64592 117.87 2.5% 0.5% 5.5% 3.6% 57.16 0.60% 129.28 50.01 3.9% BaSF BaSFy D 62913 129.80 3.9% 2.0% - 11.9% - 13.9% n/a n/a 155.04 98.79 0.0% Bayer Bayry D 61369 80.29 - 3.1% - 5.0% - 11.8% - 13.7% n/a n/a 96.83 54.22 0.0% 3m mmm D 56387 79.85 0.9% - 1.0% - 5.3% - 7.2% 14.39 2.50% 97.00 72.05 1.9% mosaic moS B 48543 109.55 9.1% 7.2% 16.1% 14.2%52.05 n/a 110.20 23.79 4.9% potashCorp poT B 48211 152.50 2.2% 0.2% 5.9% 4.0% 45.5 0.30% 154.63 48.02 8.2% Dupont DD D 41591 46.22 - 1.9% - 3.8% 4.8% 2.9% 14.38 3.50% 53.90 41.26 2.8% DowChemical DoW D 37041 39.18 1.2% -0.7% -0.6% - 2.5% 13. 18 4.40% 47.96 33.01 2.4% airLiquide aiQUy S 33023 27.75 4.5% 2.6% - 6.1% - 8.0% n/a n/a 32.00 11.00 0.0% Sasol SSL B 30891 50.54 5.2% 3.3% 2.2% 0.2% 14.42 3.40% 55.73 28.240.3% Syngenta SyT D 26239 55.16 0.8% - 1.1% 8.9% 7.0% 24. 31 1.00% 56.97 34.07 0.4% praxair pX S 25776 81.44 - 1.1% - 3.0% - 8.2% - 10.1% 22.77 1.80% 92.12 59.41 2.0% Shin-etsu SheCF B 22565 52.22 7.6% 5.7% - 15.9% - 17.8% n/a n/a 78.12 48.21 0.0% akzonobel akZoy D 21404 74.80 6.7% 4.8% - 6.4% - 8.3% n/a n/a 88.88 58.24 0.0% Linde LnagF S 20212 122.75 0.8% - 1.1% - 7.7% - 9.6% n/a n/a 141.12 98.58 0.0% airproducts apD S 19910 92.84 1.1% -0.8% - 5.9% - 7.8% 19.41 1.70% 105.02 71.11 2.1% memC WFr S 17715 77.63 1.0% - 1.0% - 12.3% - 14.2% 21.81 n/a 96.08 48.88 7.9% ecolab eCL S 11524 46.79 - 2.7% - 4.6% - 8.6% - 10.6% 27.67 1.10% 52.78 37.01 2.6% ppgindustries ppg D 10719 65.24 0.3% - 1.7% - 7.1% - 9.0% 13.03 3.20% 82.42 58.59 3.7% Solvay SVySy D 10638 125.60 4.3% 2.3% - 11.1% - 13.0% n/a n/a 163.25 110.75 0.0% rohmandhaas roh S 10493 54.20 -0.7% - 2.6% 2.1% 0.2% 17.46 2.70% 62.68 45.97 2.2% agrium agU B 9107 67.96 8.2% 6.3% - 5.9% - 7.8%44.77 0.20% 76.14 34.6210.7% royalDSm rDSmy D 7293 10.05 - 2.9% - 4.8% - 14.1% - 16.0% n/a n/a 14. 30 9.65 0.0% Sigma-aldrich SiaL S 7031 54.08 3.9% 1.9% - 1.0% - 2.9% 24. 22 1.00% 56.59 39.63 4.6% Sherwin-Williams ShW S 6482 53.03 - 3.5% - 5.4% - 8.6% - 10.6% 11. 4 2.30% 73.96 50.61 6.8% Celanese Ce D 6206 40.91 3.2% 1.3% - 3.3% - 5.3% 16.43 0.40% 44.77 27.50 3.4% eastmanChemical emn D 5309 66.53 0.1% - 1.8% 8.9% 7.0% 18.71 2.70% 72.44 56.31 5.2% huntsman hUn D 5149 23. 19 -0.6% - 2.5% - 9.8% - 11.7% n/a 1.70% 28.40 18.39 1.7% averyDennison aVy S 4993 50.74 0.4% - 1.5% - 4.5% - 6.4% 16.67 3.20% 68.80 44.06 4.4% FmC FmC D 4156 55.56 6.1% 4.1% 1.9% -0.1% 32.82 0.80% 59.00 35.645.2% Lubrizol LZ S 4021 58.45 - 1.1% - 3.0% 7.9% 6.0% 14.49 2.10% 69.95 46.69 3.8% airgas arg S 3966 48.09 -0.3% - 2.3% - 7.7% - 9.6% 19.87 1.00% 55.89 37.84 2.7% albemarle aLB S 3804 39.95 0.5% - 1.4% - 3.2% - 5.1% 17.08 1.10% 48.84 31.99 3.2% Church&Dwight ChD D 3547 53.69 - 1.5% - 3.4% -0.7% - 2.6% 22. 6 0.60% 57.19 42.36 2.3% ShanghaipetrochemicalShi B 3532 48.47 4.5% 2.6% - 20.6% - 22.5% 10. 26 1.10% 102.77 41.77 0.4% iFF iFF S 3447 42.79 -0.4% - 2.3% - 11.1% - 13.0% 15. 24 2.20% 54.75 38.88 3.1% nalcoholding nLC S 2938 20.81 5.4% 3.5% - 13.9% - 15.9% 23.83 0.70% 30.98 17. 32 3.5% ashland aSh D 2905 46.19 1.2% -0.8% - 2.6% - 4.5% 13.98 2.40% 68.99 39.82 3.8% rhodia rha D 2862 28.51 5.7% 3.8% - 25.2% - 27.1% n/a n/a 51.48 24.81 0.0% Cytecindustries CyT S 2728 57.38 -0.5% - 2.4% - 6.8% - 8.7% 13.77 0.90% 74.25 45.12 2.9% rpminternational rpm S 2717 22. 31 1.5% -0.4% 9.9% 8.0% 13. 23 3.50% 25.74 17. 25 1.8% Ciba CSBhy S 2687 19.45 3.7% 1.8% - 15.3% - 17.2% n/a n/a 34.45 18.65 0.0% novaChemicals nCX B 2496 30.05 1.2% -0.7% - 7.3% - 9.2% 7. 28 1.30% 41.79 24.81 4.3% methanex meoh B 2429 24.84 1.5% -0.4% - 10.0% - 11.9% 6.84 2.30% 30.88 19.74 2.2% rockwoodholdings roC S 2361 31.97 8.2% 6.3% - 3.8% - 5.7% 12.05 n/a 40.00 26.00 1.8% Valspar VaL S 2234 22. 32 2.1% 0.2% - 1.0% - 2.9% 14.64 2.50% 29.58 17.38 2.7% hercules hpC S 2086 18.38 3.4% 1.5% - 5.0% - 6.9% 11.96 1.10% 22.48 14.90 4.6% Clariant CLZnF S 1899 8. 25 8.6% 6.6% - 11.3% - 13.2% n/a n/a 17.57 7.33 0.0% Chemtura Cem S 1882 7.78 6.9% 4.9% -0.3% - 2.2% n/a 2.80% 12.33 5.77 4.2% Cabot CBT D 1820 27.97 - 3.9% - 5.8% - 16.1% - 18.0% 17 2.50% 49.87 27.70 2.1% Compassminerals Cmp B 1804 54.76 6.8% 4.9% 33.6% 31.6% 22.92 2.50% 55.68 30.5415.5% omgroup omg S 1788 58.79 11.5% 9.6% 2.2% 0.2% 7.03 n/a 66.00 36.2211.0% olin oLn D 1572 21. 10 0.6% - 1.3% 9.2% 7.2% n/a 3.80% 24.53 15.70 5.9% Sensient Technologies SXT S 1311 27.85 -0.1% - 2.0% - 1.5% - 3.4% 17.04 2.60% 31.99 23.66 3.3% hBFuller FUL S 1296 22.54 3.3% 1.4% 0.4% - 1.5% 13.55 1.20% 31.53 17.02 3.6% mineralsTechnologies mTX S 1196 62.15 0.3% - 1.6% - 7.2% - 9.1% n/a 0.30% 72.26 52.00 2.8% WestlakeChemical WLk B 1132 17. 29 - 13.4% - 15.3% - 9.0% - 10.9% 10.33 1.00% 37.14 14.82 1.7% aTmi aTmi S 952 27.68 - 1.5% - 3.4% - 14.2% - 16.1% 23.99 n/a 36.05 25.40 4.2% archChemicals arJ S 860 34.81 - 1.0% - 2.9% - 5.3% - 7.2% 24.51 2.30% 48.02 29. 29 2.4% Cabotmicroelectronics CCmp S 825 34.79 0.1% - 1.8% - 3.1% - 5.0% 22.87 n/a 46.61 30.82 8.9% Ferro Foe S 792 18. 19 5.3% 3.4% - 12.3% - 14.2% 70.46 3.30% 26.03 15.80 2.8% polyone poL D 622 6.70 - 3.9% - 5.8% 1.8% -0.1%55.08 n/a 9. 29 5. 11 2.7% a.Schulman ShLm S 570 20.41 -0.2% - 2.1% - 5.3% - 7.2% 18.76 2.80% 25.97 17.88 2.4% rogers rog S 567 31.72 -0.7% - 2.6% - 26.9% - 28.8% 20.63 n/a 55.34 30.62 3.6% n L industries nL B 548 11. 28 0.2% - 1.7% - 1.3% - 3.2% 322.29 4.50% 14.50 8.55 1.8% innospec ioSp S 483 20. 23 3.9% 1.9% 17.9% 16.0% 17.07 0.50% 32.45 13.40 3.5% americanVanguard aVD S 400 15. 14 2.3% 0.4% - 12.7% - 14.7% 25.58 0.40% 20. 30 11.51 2.1% Balchem BCpC S 386 21.48 6.7% 4.8% - 4.0% - 5.9% 26.38 0.50% 24. 12 13.76 2.0% albanymolecular amri S 350 10.61 3.4% 1.5% - 26.2% - 28.1% 39.93 n/a 19.05 9.05 2.9% Stepan SCL S 309 33.09 3.1% 1.2% 1.7% -0.2% 22. 8 2.60% 35.00 25. 14 1.9% Cambrex CBm S 279 9.62 - 10.7% - 12.6% 14.8% 12.9% 1.49 1.20% 26. 17 7. 36 3.2% Symyx Technologies SmmX S 227 6.78 - 7.3% - 9.2% - 11.7% - 13.6% 8. 12 n/a 18.89 5.79 4.3% QuakerChemical kWr S 214 21.09 1.5% -0.4% - 4.0% - 5.9% 15.83 4.00% 25.00 15. 27 1.3% georgiagulf ggC B 213 6. 20 - 16.1% - 18.0% - 6.3% - 8.3% n/a 5.10% 21. 36 3. 12 13.7% aceto aCeT S 163 6.69 0.0% - 1.9% - 16.4% - 18.3% 19.82 3.00% 9.82 5.79 0.4% *D = Diversified. S = Specialty. B = Basic. Source: CW research.
■ LEADERS ■ LAGGARDS
Company name Ti Cker Company name TiCker
SECTOR COMPARISON (index; Jan. 1, 2002 = 100)
700
600
500
400
300
200
100
FMAM J J AS ’07
Basic SPX
Diversified Specialty
OND
JF ’08
om group
mosaic
Clairant
rockwood holdings
agrium
Shin-etsu Chemical
Chemtura
Compass minerals
akzo nobel
Balchem
omg moS CLZnF roC agU SheCF Cem Cmp ak Zoy BCpC
1-Week Change (%)
11.5% 9.1% 8.6% 8.2% 8.2% 7.6% 6.9% 6.8% 6.7% 6.7%
georgia gulf
Westlake Chem
Cambrex
Symyx Technologies
Cabot
polyone
Sherwin-Williams
Bayer
royal DSm
ecolab
ggC WLk CBm SmmX CBT poL ShW Bayry rDSmy eCL
1-Week Change (%)
- 16.1% - 13.4% - 10.7% - 7.3% - 3.9% - 3.9% - 3.5% - 3.1% - 2.9% - 2.7%
References:
Archives