2.43%XLF 15.10 
10.30%QQQQ 31.32 0.63%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Praxair Inc. and Air Products & Chemicals Inc. are the most "recession-proof" chemical stocks in a sector that is expected to have significant earnings declines in the economy's currently tepid state, an analyst says.
Lehman Brothers' Sergey Vasnetsov kept "Overweight" ratings on Danbury, Conn.-based Praxair and Allentown, Pa.-based Air Products.
In light of the current economic slump, Vasnetsov undertook a 20-year review of the sector and found that these two have the "least sensitivity to a decline in economic growth" and should likely be "shelter in a storm," he said.
Paint producers, such as Sherwin-Williams Co., Valspar Corp. and PPG Industries Inc., may likely experience only a smaller earnings drop despite the housing slump, he said.
Praxair shares fell 28 cents to $82.43 in afternoon trading while Air Products gained 39 cents to $89.53.
This is the prepared text of the speech which House Speaker Nancy Pelosi read on...
The new soldiers in the upcoming prequel 'Halo 3: Recon' are "among the fiercest" in the popular game series, Microsoft says....
In last week's report, I held out the prospect that the US government rescue package might result in a change in sentiment in financial mark...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners   
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-0.06
