Chemical Stocks Aren’t Sexy, But They are Solid: Morningstar

By Dan Weil ‘We think there’s long-term opportunity in higher-quality specialty chemicals stocks,’ the research firm said. Chemical companies certainly aren’t the sexiest part of the stock market. And over the past year, specialty chemicals stocks have underperformed the broad equity market, notes Dave Sekera, senior U.S. market strategist at Morningstar. As cyclical companies, their sales and earnings are closely tied to the economy, he explains. “And the weakening economic outlook has taken a toll on the valuations of these stocks,” Sekera said. But there’s a bright side. “While a stagnant o…

Read More