2012 was a difficultyear for the chemicalsindustry as a fragile economicrecovery in the U.S., weakness in Europe and a slowdown in China led to reduceddemand for chemicalproducts. The weakeconomicenvironmentalsoled to pricing pressures and forced major diversifiedchemicalscompaniessuch as E.L. Du Pont De Nemours and Co. (DuPont) (NYSE:DD) to makesignificantadjustments. The goingwasalsotough for renewablechemicals and advancedbiofuelscompanyGevo Inc. (NASDAQ:GEVO). However, the global economyisshowingsigns of stabilizing, whichaugurswell for chemicalsindustry. Street-Wire.com has added DD and GEVO thismorning to their Daily Rating Watch List. Rating canmeananumber of things for investors and we encourage all shareholders to sign up to speak to a member of ourresearch team todayat
DuPontAdjusts Plans to MeetChangingMarketEnvironment
Last month, DuPontreporteditsfourthquarterfinancialresults, postingearningsfromcontinuingoperations of $0.11 per share, down from $0.26 per sharereported for the sameperiod in the previousyear. Sales for the quarterwere $7.3 billion. DD has met 7 out of 10 characteristicswe look for when rating an equity. Registernow for free below to find out more.
DuPontshares rose 0.55% to $47.76 on Monday. DD has traded in averytight range over the last twoweeks. The stock has been struggling to break through $48 resistancelevel. A bullish trend willbeestablished if DD can break throughthislevel. The nextresistancelevel for the stock after $48 isat $50.
Gevoshares have had an excellent runso far thisyear, gainingnearly 58%, amidspeculationthat the companymayresume production of isobutanolatits plant in Minnesota. GEVO has met 8 out of 10 characteristicswe look for when rating an equity. Sign up for free below to find out more.
On Monday, GEVO sharesstruggled for direction beforefinishing the day flat at $2.43. The stock iscurrentlyfacingstiffresistanceat $2.50. If it breaks throughthislevelthen the upwardmomentumcould continue.
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Anthony K. Merchant