More From Peter Neil
W.R. Grace Signs a Spree of New Contracts
On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.
Why Did LyondellBasell’s 3Q16 Earnings Miss Estimates?
LyondellBasell (LYB) reported adjusted EPS (earnings per share) of $2.31 in 3Q16 compared to $2.80 in 3Q15, implying a fall of 17.5%.
A Quick Look at a Few Chemical Companies in 2016
In this series, we’ll take a look at the performances of a few top chemical companies and how the policies of Trump and Clinton could impact those companies.
Axalta’s 4Q16 Adjusted EPS Manages to Meet Expectations
Axalta Coating Systems (AXTA) reported adjusted EPS (earnings per share) of $0.29 for 4Q16 and managed to meet analysts’ expectation of $0.29.
Why Are Analysts Expecting Honeywell’s EPS to Rise in 4Q16?
As of January 20, 2017, Wall Street analysts expect Honeywell (HON) to post adjusted EPS (earnings per share) of $1.74 in 4Q16.
Dow Chemical and Sadara Announce Start-Up of Mixed Feed Cracker
On August 29, 2016, Sadara Chemical (SADARA), a joint venture of Dow Chemical (DOW), and Saudi Aramco announced the start-up of its mixed feed cracker.
Analyzing DuPont’s Stock Performance in 2017
With DuPont stock continuing to rise, it’s trading 8.1% above its 100-day moving average of $72.10. The movement indicates the stock’s upward trend.
Can 3M Beat Analysts’ Earnings Estimates in 4Q17?
3M (MMM) is expected to post earnings per share (or EPS) of $2.01 in 4Q17, an increase of 6.9% over 4Q16.
Inside XLV’s Large Caps: Pfizer’s 1Q16 Earnings
Pfizer recently rose by 2.7% on revenues of $13 billion for 1Q16, as compared to $10.9 billion in 1Q15, which represents a growth of 20% YoY.
The Facts on 3M’s 3Q17 Dividend
On September 12, 3M will pay a dividend of ~$1.18 per share. Investors holding the stock on or before the record date of August 25, 2017, are eligible.
How Wall Street Analysts Rate LyondellBasell ahead of 1Q18 Earnings
The analyst consensus target price for LyondellBasell is $116.82, implying a return potential of 8.5% over the closing price of $107.68 as of April 20, 2018.
Will PPG Industries’ Glass Segment Cease to Exist in 3Q16?
In 2Q16, PPG Industries’ Glass segment contributed ~7% of total revenue, reporting revenue of $282 million in 2Q16, as compared to $279 million in 2Q15.
Express Scripts Trades Above Its 100-Day Moving Average
Express Scripts Holdings rose 0.4%. The company was in the news on November 10 when it announced that it would remove Linden Care Pharmacy from its network.
Analysts Expect More than $10 Billion in Revenue for Honeywell
Honeywell (HON) is announcing its 4Q16 earnings on January 27, 2017.
Celldex Rose on Phase 2 Melanoma Data
On June 6, 2016, Celldex Therapeutics (CLDX) was one of the top gainers in the small-cap segment of IBB. CLDX stock rose after the company announced its Phase 2 melanoma data.
Allergan Boosts XLV Large-Caps with Positive 4Q15 Earnings
Allergan (AGN) reported its 4Q15 earnings on February 22, 2016. It reported net revenue of $4.2 billion for 4Q15, an increase of 74% compared to $2.4 billion in 4Q14.
LyondellBasell Announces New Share Repurchase Program
On May 24, 2017, LyondellBasell’s (LYB) board authorized a new share repurchase program. It can repurchase up to 10% of its outstanding shares over the next 18 months.
Amgen Rises by 2% as XBI’s Large-Cap Stocks Rally
Amgen closed at $157.60 and was trading above its 50- and 100-day moving averages. The stock also witnessed a rise in trading volumes.
Honeywell’s Performance Materials and Technologies: Why It Fell
Honeywell’s (HON) Performance Materials and Technologies (or PMT) segment accounted for 22.2% of HON’s total revenue in 2Q17.
Organic Growth Drives Up 3M’s 1Q17 Revenues
The rise in 3M’s revenue was primarily driven by better-than-expected organic growth across all segments, with the exception of the Consumer segment.
How Did Ziopharm Keep XBI from Losing More Ground?
Year-to-date, Ziopharm has a return of -12.5%. Ziopharm has a book value of $0.72. With its current price, the stock is trading at a PBV ratio of 10.1x.
Alexion Continues to Rise on FDA’s Approval of Kanuma
Alexion Pharmaceuticals (ALXN) gained 2.5% on December 10, 2015. The stock went up after the FDA (Food and Drug Administration) approved its drug, Kanuma.
Why Analysts Expect Honeywell’s Revenues to Fall in 2Q17
Honeywell signed an agreement with VietJet Air to supply 98 auxiliary power units to its fleet of 135 Airbus A320s. The deal was valued at $100 million, which includes maintenance services for 12 years.
Regeneron’s Stock Reacts to Dupilumab Phase 3 Trials
Regeneron Pharmaceuticals (REGN) rose 9.3% during the week ending April 1, 2016.
Adeptus Health Leads the Small-Cap Space with 3.6% Gain
Adeptus Health (ADPT) rose by 3.6% on November 10, 2015. The stock rose following its announcement that it had officially opened its first Texas hospital.
Praxair Secures a New Long-Term Contract
Praxair has entered into a long-term agreement to supply oxygen for Fulcrum BioEnergy’s Sierra BioFuels Plant in Storey County, Nevada.
Air Products and Chemicals’ New Plant in China Begins Operations
On December 5, 2017, Air Products and Chemicals (APD) announced the beginning of operations of its new plant in the Pukou Economic Development Zone (PKEDZ) in Nanjing in Eastern China.
Chimerix Falls 80% following Phase 3 Trial of Brincidofovir
Chimerix closed at $6.62, and its market-cap fell from $1.6 billion to $305 million on December 28, 2015.
Ashland Products: Update on the Price Increase
On June 11, Ashland (ASH) announced the price increase for 1-4 butanediol and several derivative products.
Xenoport Surges on Takeover Bid and Outperforms the Market
On May 23, the Dow Jones Industrial Average remained unchanged while the SPDR S&P 500 ETF (SPY) went down by 0.1%. The SPDR S&P 500 ETF rose by 0.75 YTD.
Inovalon Gains 2.1%, to Present at NASDAQ Investor Program
Inovalon closed at $18.26 and was trading below 20-, 50-, and 100-day moving averages.
PPG Launches Powercron 160 Electrocoat in North America
On March 12, PPG Industries (PPG) announced the launch of its Powercron 160 electrocoat in North America.
Alnylam Pharmaceuticals Initiates Phase 1 Trial of ALN-TTRsc02
Alnylam Pharmaceuticals (ALNY) was one of the most underperforming biotech stocks for the week ended June 10, 2016. It fell 10% due to profit booking.
Seattle Genetics and Bristol-Myers Initiate ADCETRIS Trial
On December 23, 2015, Seattle Genetics and Bristol-Myers Squibb announced the initiation of Phase 1 and 2 clinical trials of ADCETRIS.
LyondellBasell and Suez Complete QCP Acquisition
On March 14, 2018, LyondellBasell (LYB) and Suez announced the completion of the Quality Circular Polymers (QCP) acquisition.
PPG Industries: Investment and Stock Price Update
Due to continued weakness in the market, PPG Industries stock fell 3.0% and closed at $100.14 for the week ending December 14.
How Much Does Biogen Spend on Research and Development?
Biogen’s (BIIB) R&D expenses for 4Q15 were $542 million, or 19% of its total revenue, including a $60 million payment to Mitsubishi Tanabe.
IIPR Stock Moves Higher after New Debt Is Raised
Last week, Innovative Industrial Properties (IIPR) offered $125 million in senior notes, giving initial investors the option to exercise $18.75 million in additional principal amount notes.
LyondellBasell Grants New Spherizone Licenses
On December 5, LyondellBasell announced that it had granted Spherizone licenses to China Petroleum Materials and PetroChina Liaoyang Petrochemical.
Why DOW’s Performance Plastics Segment Revenue Rose in 2Q17
Dow Chemical’s (COW) Performance Plastics segment is the company’s largest revenue generator.
Insight: Five Prime Therapeutics
Five Prime Therapeutics is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics for cancer and inflammatory diseases.
Why Is Praxair Trading at a Discount Compared to Peers?
On December 9, Praxair was trading at a one-year forward PE ratio of 21.0x, as compared to Air Products and Chemicals’ one-year forward PE ratio of 22.9x.
Eastman Chemical Declares First-Quarter Dividend
In a press release on February 14, Eastman Chemical declared a dividend of $0.62.
Air Products and Chemicals Has Something New for Glass Manufacturers
On July 12, 2017, Air Products and Chemicals (APD) launched a new oxy-fuel burner. The product is primarily targeted at glass manufacturers.
How Has Dow Chemical Stock Performed after 2Q16 Earnings?
Dow Chemical (DOW) is set to report its 3Q16 earnings in a conference call with securities analysts on Thursday, October 27, 2016, before the markets open.
3M’s Electronics and Energy Segment: Why 1Q17 Revenue Rose
3M’s (MMM) Electronics and Energy segment is the company’s fourth-largest revenue contributor, with a revenue share of ~15.8% in 1Q17.
Axalta’s General Counsel Stepped Down
In a press release of November 21, Axalta (AXTA) announced that Michael Finn, the company’s general counsel, stepped down.
Earnings per Share: What’s Expected from RPM International
RPM International’s adjusted earnings estimates As of December 20, 2017, analysts expect RPM International (RPM) to report adjusted EPS (earnings per share) of $0.59 in fiscal 2Q18—an increase of approximately 13.5% YoY (year-over-year). In fiscal 2Q17, RPM International reported adjusted EPS of $0.59. The projected EPS increase is expected to be driven by positive foreign currency translation […]
Baxalta in the XBI Top Ten Large Caps
Baxalta (BXLT) rose by 6.2% for the week ending October 16, 2015. The stock rose as it received the Health Canada Approval for OBIZUR.
Why Sherwin-Williams’s Short Interest Is Rising Again
The latest short interest report on September 15 indicated that Sherwin-Williams’s (SHW) short interest reached a one-month high.
Praxair Approaches Linde AG for Merger Talks—Again
On August 16, 2016, both companies were engaged in preliminary merger talks, but on September 12, merger plans were dropped due to strategic considerations.
Can Honeywell Beat Analysts’ Adjusted EPS Estimate in Q2 2018?
Honeywell (HON) is expected to post adjusted EPS of $2.01 in Q2 2018, implying an increase of 11.7% YoY.
Eastman Chemical Saw a Marginal Fall in Q3 2018
On October 25, Eastman Chemical (EMN) announced its third-quarter earnings results. EMN reported adjusted EPS of $2.34.
How Praxair’s European Revenue Is Trending
Praxair’s (PX) European segment contributed 14.5% of its total revenue in Q2 2018, compared with 13.5% in Q2 2017.
Why 3M’s Electronics and Energy Segment Operating Margin Jumped in 4Q16
The Electronics and Energy segment is 3M’s fourth-largest revenue contributor. It reported revenue of $1.21 billion in 4Q16, representing a 1% fall.
Community Health System Plummets 35.3%, IHF Lost ~6.4%
Community Health Systems (CYH) fell by 35.3% on October 22, 2015, the biggest fall of the day in the iShares US Healthcare Providers ETF’s portfolio.
Incyte Was a Star Performer from August 10–17, 2015
By market cap size, Incyte (INCY) is among the top ten holdings of the SPDR S&P Biotech ETF (XBI). Incyte has a weight of 1.22% in XBI’s portfolio.
How Do Honeywell’s Latest Valuations Compare to Peers?
At present, Honeywell stock is trading at a premium compared to peer United Technologies after HON declared strong 4Q16 and full-year earnings on January 27, 2017.
A Quick Look at DuPont’s Valuation ahead of Its 4Q16 Earnings
On January 18, 2017, DuPont was trading at a one-year forward PE of 19.80x compared to its peers Dow Chemical (DOW) and LyondellBasell (LYB).
How 3M’s Consumer Segment Performed in Q3 2018
3M’s (MMM) Consumer segment reported operating income of $291.0 million in the third quarter compared to $311.0 million in the third quarter of 2017.
IFF’s Higher Debt Might Concern Investors
At the end of the second quarter, International Flavors and Fragrances (IFF) reported a debt of $1.72 billion.
Why Analysts Expect Dow Chemicals’s Operating EPS to Fall in 4Q16
At the end of 3Q16, DOW had purchased 7.8 million shares amounting to $416 million under its $9.5 billion share repurchase program.
Praxair Stock Continues to Surge beyond November
Praxair (PX) stock had a decent performance in November, closing at $120.3, which reflects a gain of ~3.7% in one month.
Dow Chemical Unleashes New Investment Plans
On September 12, Dow Chemical, part of DowDuPont (DWDP), announced debottlenecking and capacity expansion plans in its silicones business.
DowDuPont’s Q3 Revenue Grew but Fell Short of Estimates
DowDuPont (DWDP) reported Q3 2018 revenues of $20.12 billion, an increase of 10.0% over its pro forma revenues of $18.29 billion in Q3 2017.
PPG COMEX Opens a New Distribution Center in Guadalajara
PPG Industries (PPG) announced that its PPG COMEX division opened a new distribution center in Guadalajara, Mexico.
Eastman Chemical Expands Impera Resins Production
On May 28, Eastman Chemical stock fell 1.3% and closed at $67.89. On a year-to-date basis, the stock has fallen 6.1%.
Eastman Chemical Completes DEHA Capacity Expansion
Eastman Chemical (EMN) completed the debottlenecking of its diethylhydroxylamine unit in St. Gabriel, Louisiana. The plant’s capacity is expected to increase 15%–20%. The company’s monopoly will likely continue.
Stanley Black & Decker to Pay Second-Quarter Dividend
In a press release on April 17, Stanley Black & Decker (SWK) announced the key dates and rate for its second-quarter dividend.
Stanley Black & Decker’s Dividend Yield Is Recovering
As of May 31, Stanley Black & Decker’s (SWK) dividend yield stood at 2.07%.
How’s Honeywell Stock Performing in 2019?
Since the beginning of 2019, Honeywell (HON) stock has remained positive. On a year-to-date basis, Honeywell has gained ~26%.
Honeywell Reaffirms Q2 and Full-Year 2019 Outlook
On a year-to-date basis, Honeywell has gained 28.6%. The stock has managed to outperform the S&P 500, which has gained 14.0%.
3M’s Q1 Earnings Disappointed Investors
3M (MMM) announced its first-quarter earnings on April 25.
3M: Analysts’ Views before Its Q1 Earnings
Among the analysts tracking 3M, 32% recommended a “buy,” 47% recommended a “hold,” and 21% recommended a “sell.”
Will PPG Industries’ Q1 Revenues Fall?
Analysts expect PPG Industries (PPG) to post revenues of $3.68 billion in its first-quarter earnings release.
Why PPG Industries’ Adjusted Q1 Earnings Might Fall
In a press release on March 27, PPG Industries (PPG) said that it would announce its first-quarter earnings on April 18 before the market opens.
PPG Has a New Vice President and Chief Digital Officer
In a press release on April 8, PPG Industries announced that it has appointed Devashish Saxena as its new vice president and chief digital officer.
Celanese: Lori Ryerkerk Is the New CEO
In a press release on April 8, Celanese (CE) announced changes in its top leadership. Lori Ryerkerk will succeed Rohr as the company’s CEO.
A. Schulman Announced a Convertible Special Stock Dividend
In a press on April 3, A. Schulman declared a quarterly dividend of $15.00 per share for the holders of its convertible special stock.
PPG: Higher Prices for Automotive Refinish Products in China
In a press release on April 3, PPG Industries (PPG) said that it has increased the prices of its automotive refinish products in China.
Analyzing APD’s Stock Performance in 2019
As of March 28, Air Products and Chemicals has gained 18.8% in 2019. Air Products and Chemicals has outperformed the S&P 500 ETF (SPY).
APD’s Dividend Yield Fell despite the Higher Dividend
As of March 28, Air Products and Chemicals’ dividend yield was 2.45%—30 basis points less than the fourth-quarter dividend yield of 2.75%.
Air Products and Chemicals Increased the Q1 Dividend
Air Products and Chemicals has declared a dividend of $1.16 per share, which represents an increase of ~5.5% on a YoY (year-over-year) basis.
PPG Industries Appoints a Director of Government Affairs
In a press release on March 19, PPG Industries (PPG) announced that it appointed Emily Elizer as the director of government affairs.
J.P. Morgan Downgraded PPG Industries, Stock Fell 5.3%
On March 22, J.P. Morgan (JPM) downgraded PPG Industries’ (PPG) rating to “underweight” from “neutral.”
Eastman Chemical: Analysts’ Recommendations
For Eastman Chemical, 61% of the analysts recommended a “buy,” while 39% recommended a “hold.” None of the analysts recommended a “sell.”
Eastman Chemical: New Client Order for Its Tritan Copolyester
In a press release on March 21, Eastman Chemical (EMN) announced that Tritan will collaborate with Skullcandy.
Celanese Increases Acetyl Intermediate Prices
In a press release on March 20, Celanese (CE) announced a price increase on several acetyl intermediate products.
DowDuPont Subsidiary Confirms Share BuyBack after Separation
In a press release on March 18, Dow announced that it had confirmed the adoption of its stock repurchase plan.
Celanese’s ATEVA EVA Polymers: Higher Price
In a press release on March 13, Celanese (CE) announced that it would increase the price of its ATEVA EVA polymers.
How Is Albemarle’s Dividend Yield Trending?
At the close of market on March 14, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of ~1.75%.
Albemarle Ups Its Quarterly Dividend for the 25th Straight Year
For the first quarter of 2019, Albemarle has declared a quarterly dividend of $0.3675 per share.
DowDuPont’s Corteva Adds Two New Members to Its Board
In a press release today, DowDuPont said that it added two additional members to the future board of directors of Corteva Agriscience, DowDuPont’s agricultural division.
DowDuPont Board Approves Materials Science Division Separation
In a press release on March 8, DowDuPont (DWDP) made an announcement that its board of directors has approved the separation of DowDuPont’s Materials Science division.
3M Launches Expanded Beam Ferrule and Connector System
In a press release on March 5, 3M (MMM) announced that it unveiled its new Expanded Beam Optical Connector System.
Albemarle Announced Its Quarterly Dividend
Albemarle has increased its dividend for the 25th consecutive year. As of March 1, Albemarle’s dividend yield was 1.61%.
Praxair to Expand with New Hydrogen Plant in Louisiana
In a press release on February 28, Praxair announced the construction of new hydrogen plant in Louisiana.
PPG Industries: Paint Partnership with the Oakland Raiders
On February 25, PPG Industries (PPG) announced that it signed a multiyear corporate marketing agreement with the Oakland Raiders.
Air Products and Chemicals Completes Acquisition of ACP Europe SA
In a press release today, Air Products and Chemicals (APD) announced that it had completed its acquisition of ACP Europe SA.
3M Announces 100% Global Renewable Electricity Goal
In a press release today, 3M (MMM) announced that it’s committed to implementing a 100% renewable electricity program in all of its facilities around the world.