Chemical companies and the election
The United States is about to elect a new president on November 8, 2016. The outcome of the election will have a big impact on the US economy as well as the chemical industry (XLB).
In this series, we’ll take a look at the performances of a few top chemical companies and how the policies of Republican candidate Donald Trump and Democratic candidate Hillary Clinton could impact those companies.
How a few chemical companies are performing
So far this year, chemical companies have mixed performances. Some companies continue to struggle in the challenging economic environment, while others have been able to overcome the situation.
- Dow Chemical (DOW) struggled at the beginning of the year but has managed to recover since then. On a year-to-date basis, DOW has outperformed the S&P 500 index, rising 3.2% as of November 4, 2016. It reported good 3Q16 earnings with revenue of $12.5 billion. For a full analysis of its 3Q16 earnings, read Market Realist’s With the Right Mix, Dow Chemical Posted Strong 3Q16 Earnings.
- PPG Industries (PPG) has fallen 6.1% year-to-date and has underperformed the S&P 500 benchmark index as of November 4, 2016. The stock hit a slump after reporting lower-than-expected 3Q16 earnings. For its complete 3Q16 earnings, read Market Realist’s What Kind of Picture Did PPG Industries Paint in 3Q16?
- LyondellBasell Industries (LYB) has fallen 9.7% year-to-date, underperforming the S&P 500 benchmark index. LYB is marred with maintenance issues and expects them to continue until the end of the year. For LyondellBasell’s 3Q16 earnings, read LyondellBasell’s Price Slips on Lower-than-Expected Earnings.
- Praxair (PX) has performed the best with a year-to-date rise of 11.8%.
In this series, we’ll take a look at a couple of economic policies and the thought processes behind those policies of the Republican and Democratic presidential candidates. We’ll also see what impact these policies could have on chemical companies.