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A Strong World Economy Lifts Chemical Firms
The Diversified Chemicals industry inside our Zacks Industry Ranks is a big, big group of firms. It holds 45 companies.
That means this, towards any analysis of fundamentals -- The huge number of corporate actors in the space makes it much, much tougher to turn up any aggregate annual earnings revision dial.
That makes it all the more impressive to see. The Diversified Chemical industry is indeed highly ranked (with a top 12% spot) at #33 of 265 at Zacks. In the last few weeks, we counted 8 positive analyst earnings revisions, versus just 3 negative ones.
Year-to-date, this Diversified Chemicals industry group returned +11.8% versus the S&P500 at +9.7%. That makes it clear. This top Zacks Rank Industry has the individual stock outperformers.
What Is Going On?
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And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>