CW75 Index*
SEPTEMBER 2
241.41
WEEK AGO
QUARTER AGO
YEAR AGO
243.49
278.98
223.76
*Jan. 1, 2002 = 100.
The CW 75 Index fell less than 1% for the week ending September 2, slightly lagging broader market indexes including the Morgan Stanley global composite and the Standard & Poor’s 500. Basic chemical shares fell 6%, while diversified and specialty chemical stocks rose by about 1%. The stock market improved because of falling oil prices.
Bank of America (BoA; New York) favors “shares with significant specialty content,” says Kevin McCarthy, BoA analyst. “We remain cautious on commodity petrochemical producers given prospects of supply-driven cyclical decline and deceleration of demand,” McCarthy says. He warns that the strengthening U.S. dollar may result in slower earnings growth for U.S. firms with a high percentage of sales derived outside the U.S.
Forty-six stocks listed in the CW 75 rose, while 26 fell. ATMI, Shin Etsu, and Westlake Chemical were flat.
CW75
(index; Jan. 1, 2002 = 100)
300
250
200
CW 75 stock index SPX
150
100
OND
AS J FMA MJ J AS ‘07 ’08
Source: CW research.
Company
1-WeeCk Wc7h5anngde i ex v s
Y T W . CD c7h5a nngde v s i e x ailing P-E T r
1- W eek change
Dividend yield
52-week high
Closing price
52- w eek lo w
Weeokluym l e v
YTD change
Marketcap millions)
Category*
cker
.
T i
(
Bayer BAYRY D 60895 79.67 2.9% 3.8% - 12.5% - 11.6% n/a n/a 96.83 69.66 0.0% Monsanto MON D 60137 109.34 - 5. 8 - 4. 9 - 2. 1 - 1. 2 30.49 0.80 145.80 69.22 3. 3 Basf BASFY D 54491 57.60 0.3 1. 1 - 21. 8 - 21.0 n/a n/a 141.35 57.13 0.0 3M MMM D 49712 71.12 0.6 1. 4 - 15. 7 - 14. 8 13.80 2.80 97.00 67.26 2. 2 PotashCorp POT B 49484 162.26 - 9. 3 - 8. 5 12. 7 13. 6 25. 23 0.20 241.62 85.6610.0 Mosaic MOS B 43159 97.21 - 8. 8 - 7. 9 3.0 3. 9 20.86 0.20 163.25 41.75 4. 9 DuPont DD D 40877 45. 31 3. 2 4. 1 2. 8 3. 6 12.56 3.70 52.49 40. 43 2.0 DowChemical DOW D 31773 34. 35 2. 4 3. 2 - 12. 9 - 12.0 12.76 4.90 47. 43 30.842.1 AirLiquide AIQUYS 31460 24. 20 0.5 1. 4 - 9. 9 - 9.0 n/a n/a 29.09 21.910.0 Sasol SSL B 29871 50.33 - 4. 5 - 3. 7 1. 7 2. 6 13. 24 1.70 67.93 39. 10 0.5 Praxair PX S 27999 88.89 - 1.0 -0.2 0.2 1. 1 22.56 1.70 99.74 69.96 1. 4 Shin-Etsu SHECF B 24263 56.15 0.0 0.9 - 9. 5 - 8. 7 n/a n/a 73.95 48.210.0 Syngenta SYT D 24105 51.03 - 1. 7 -0.9 0.7 1. 6 17. 30 2.90 66.78 36.96 0.3 Linde LNAGFS 21452 128.00 3. 2 4. 1 - 3. 8 - 2. 9 n/a n/a 153.06111.710.0 AirProducts APD S 19297 91.09 -0.6 0.3 - 7. 6 - 6. 8 21. 42 1.90 106.06 80.73 2.0 AkzoNobel AKZOYD 16148 62.25 4. 3 5. 1 - 22. 1 - 21. 2 n/a n/a 91.75 55.05 0.0 Rohm&Haas ROH S 14544 75.16 -0.4 0.4 41. 6 42. 5 23.96 2. 20 76.50 44. 13 3. 4 Agrium AGU B 12645 80.03 - 4. 7 - 3. 9 10. 8 11. 7 11. 33 0.10 113.88 44.85 8. 5 Ecolab ECL S 11414 46. 16 2. 6 3. 5 - 9. 9 - 9.0 24.79 1. 10 52.78 40.371.6 PPGIndustries PPG D 10715 65.29 5. 7 6. 6 - 7.0 - 6. 2 14.51 3. 30 79.95 54.04 3.0 MEMC WFR S 10640 47. 10 - 2. 8 - 2.0 - 46. 8 - 45. 9 16.48 n/a 96.08 41.58 5. 4 RoyalDSM RDSMYD 10523 14.50 8. 9 9. 8 23. 9 24. 8 n/a n/a 16.05 9.650.0 Solvay SVYSY D 10439 123.25 5. 6 6. 4 - 12. 8 - 11. 9 n/a n/a 154.85 110.75 0.0 Sherwin-Williams SHW S 7138 60.77 5.0 5. 9 4. 7 5. 6 13.59 2. 40 70.20 44.513.8 Sigma-Aldrich SIAL S 7032 55.82 - 3. 6 - 2. 7 2. 2 3. 1 22. 29 0.90 63.04 43. 40 3. 2 Celanese CE D 5739 38. 22 3. 3 4. 2 - 9. 7 - 8. 8 10.85 0.40 50.99 31.763.4 FMC FMC D 5440 72.73 1. 4 2. 2 33. 3 34. 2 21.91 0.70 80.23 44.343.4 AveryDennison AVY S 5216 48.98 2.0 2. 9 - 7. 8 - 7.0 16. 24 3. 40 60.46 40.05 3. 6 Airgas ARG S 4763 57.76 -0.2 0.7 10. 8 11. 7 20.49 0.80 65.45 37.84 1. 9 EastmanChemical EMN D 4595 60.15 -0.6 0.3 - 1. 5 -0.7 13. 25 2.90 78.29 56.31 4. 5 Church&Dwight CHD D 4204 63.09 2. 6 3. 4 16. 7 17. 5 23.60 0.60 63.30 42.362.3 Albemarle ALB S 3575 39. 10 -0.9 0.0 - 5. 2 - 4. 4 15. 39 1. 20 48.84 31.99 2. 4 Lubrizol LZ S 3531 52.16 1. 2 2. 1 - 3. 7 - 2. 8 12.93 2. 30 69.95 41.60 2. 9 NalcoHolding NLC S 3218 22.86 2. 7 3. 6 - 5. 5 - 4. 6 23. 29 0.60 30.98 17. 32 1. 8 IFF IFF S 3140 39.97 - 2. 2 - 1. 3 - 17.0 - 16. 1 14.48 2.50 54.75 38.00 4. 5 Huntsman HUN D 3132 13. 41 -0.5 0.3 - 47. 8 - 47.0 n/a 3. 10 27.00 9.76 4. 2 RPMInternational RPM S 2825 21.70 2. 9 3. 8 6. 9 7. 8 55.53 3.50 25. 19 17. 25 2. 2 RockwoodHoldings ROC S 2793 37.72 0.9 1. 7 13. 5 14. 4 11. 47 n/a 43.71 26.821.9 Ashland ASH D 2583 41.00 4. 2 5.0 - 13. 6 - 12. 7 12.48 2.70 68.99 37.06 4. 3 Hercules HPC S 2446 21.70 1. 6 2. 5 12. 1 13.0 16. 39 0.90 22. 14 14.906.5 CytecIndustries CYT S 2429 51.07 3.0 3. 8 - 17. 1 - 16. 2 12. 23 1.00 70.61 45. 12 3.0 Valspar VAL S 2376 23.93 2.0 2. 8 6. 2 7.0 16. 25 2. 40 28. 33 17.382.1 Methanex MEOH B 2302 24. 47 - 3. 2 - 2. 3 - 11. 3 - 10. 5 n/a n/a 33. 20 20.00 1. 2 ShanghaiPetrochemicalSHI B 2287 31.96 4. 9 5. 8 - 47. 7 - 46. 8 45.53 4. 20 102.77 29.07 0.2 NovaChemicals NCX B 2235 26.88 2. 7 3. 6 - 17.0 - 16. 2 7.71 1. 40 39.89 23. 14 4. 9 Clariant CLZNF S 2060 8.95 0.6 1. 4 - 3. 8 - 2. 9 n/a n/a 13. 38 7.330.0 CompassMinerals CMP B 2055 63.39 - 5. 9 - 5.0 54.6 55.5 19.74 1.90 87.88 32.51 6. 6 Rhodia RHA D 2035 20. 13 7. 1 7. 9 - 47. 2 - 46. 3 n/a n/a 42.48 13.850.0 Olin OLN D 2009 26.64 -0.3 0.5 37. 8 38. 7 410.00 3.00 30. 39 15.70 4. 2 Ciba CSBHY S 1921 13.91 16. 8 17. 6 - 39. 4 - 38. 5 n/a n/a 27.55 11. 40 0.0 Cabot CBT D 1807 28. 11 5. 6 6. 5 - 15. 7 - 14. 8 18.90 2.60 40.49 21.98 3.0 Chemtura CEM S 1585 6.54 2. 5 3. 4 - 16. 2 - 15. 3 n/a 3.00 10. 10 5. 10 2. 5 SensientTechnologies SXT S 1413 29. 25 0.1 1.0 3. 4 4. 3 16. 29 2.60 33. 12 24.99 2. 3 HBFuller FUL S 1281 26. 45 5. 2 6. 1 17. 8 18. 7 16. 12 1.00 31.50 17.022.6 WestlakeChemical WLK B 1244 18.96 0.0 0.9 -0.2 0.7 11. 15 1. 10 29. 26 12.51 2. 2 MineralsTechnologies MTX S 1240 65.56 0.2 1.0 - 2. 1 - 1. 2 n/a 0.30 73.29 52.00 2. 8 OMGroup OMG S 1062 34.85 0.7 1. 5 - 39. 4 - 38. 6 5. 34 n/a 66.00 26.9212.8 Ferro FOE S 957 21.88 0.3 1. 2 5. 5 6. 4 n/a 2.60 24.01 13.52 2. 8 ArchChemicals ARJ S 907 36.48 1. 8 2. 7 -0.7 0.1 24.75 2. 20 48.02 29. 47 1. 8 CabotMicroelectronics CCMP S 893 38. 41 - 1. 4 -0.6 7.0 7. 8 22.71 n/a 46.61 30.03 3. 2 Polyone POL D 759 8. 13 1. 1 2.0 23. 6 24. 4 30.68 n/a 8.60 5. 11 1. 6 ATMI ATMI S 753 24. 11 0.0 0.9 - 25. 2 - 24. 4 17.96 n/a 34.57 21.963.1 Rogers ROG S 700 38.95 - 3. 7 - 2. 9 - 10. 2 - 9. 3 19.90 n/a 50.00 29. 14 2. 6 A.Schulman SHLM S 637 24.08 1. 1 2.0 11. 7 12. 6 30. 41 2.50 25. 46 17.88 1. 6 AlbanyMolecular AMRI S 566 17.86 1. 6 2. 4 24. 2 25. 1 50.36 n/a 19.05 9.251.9 Stepan SCL S 566 59.69 1. 1 2.0 83.5 84.3 26.06 1. 40 60.82 27.75 1. 8 NLIndustries NL B 503 10. 34 2. 2 3.0 - 9. 5 - 8. 7 n/a 4.80 12. 36 8.550.2 Balchem BCPC S 496 27. 26 2. 6 3. 4 21. 8 22. 7 28.50 0.40 28.64 17.86 1. 3 AmericanVanguard AVD S 381 14. 32 - 3.0 - 2. 2 - 17. 5 - 16. 6 20.91 0.70 20. 30 9.84 2. 1 SymyxTechnologies SMMX S 371 10.97 3. 5 4. 3 42. 8 43. 7 28. 35 n/a 11. 42 5.792.1 Innospec IOSP S 361 15. 31 - 1. 5 -0.7 - 10. 8 - 9. 9 15. 12 0.60 25.84 13. 40 2. 4 QuakerChemical KWR S 320 30. 12 - 3. 6 - 2. 8 37. 1 38.0 17.89 3. 10 33.82 15. 27 4. 6 Aceto ACET S 199 8. 15 4.0 4. 8 1. 9 2. 7 21.02 2. 30 9. 46 5.79 0.9 Cambrex CBM S 187 6. 43 - 2. 4 - 1. 6 - 23. 3 - 22. 4 23. 44 n/a 12.60 5.251.6 GeorgiaGulf GGC B 117 3. 39 - 2. 6 - 1. 7 -48.8 - 47. 9 n/a 9.50 15.71 1.96 3. 3 *D = Diversified. S = Specialty. B = Basic. Source: CW research.
■ LEADERS ■ LAGGARDS
COMPAN Y NAME TICKER COMPANY NAME TICKER
SECTOR COMPARISON (index; Jan. 1, 2002 = 100)
1000
900
800
700
600
500
400
300
200
100 OND
AS J FMA MJ J AS ‘07 ’08
Source: CW research.
Basic SPX
Diversified Specialty
Ciba
Royal DSM
Rhodia
PPG Industries
Cabot
Solvay
HB Fuller
Sherwin-Williams
Shanghai Petrochemical
Akzo Nobel
CSBHY RDSMY RHAY Y PPG CBT SVYSY FUL SHW SHI AKZOY
1-WEEK CHANGE ()
16.8% 8.9% 7.1% 5.7% 5.6% 5.6% 5.2% 5.0% 4.9% 4.3%
PotashCorp Mosaic Compass Minerals Monsanto Agrium Sasol Rogers Quaker Chemical Sigma-Aldrich Methanex
POT MOS CMP MON AGU SSL ROG KWR SIAL MEOH
1-WEEK CHANGE ()
- 9.3% - 8.8% - 5.9% - 5.8% - 4.7% - 4.5% - 3.7% - 3.6% - 3.6% - 3.2%
References:
Archives