2012 was a difficult year for the chemicals industry as a fragile economic recovery in the U.S., weakness in Europe and a slowdown in China led to reduced demand for chemical products. The weak economic environment also led to pricing pressures and forced major diversified chemicals companies such as E.L. Du Pont De Nemours and Co. (DuPont) (NYSE:DD) to make significant adjustments. The going was also tough for renewable chemicals and advanced biofuels company Gevo Inc. (NASDAQ:GEVO). However, the global economy is showing signs of stabilizing, which augurs well for chemicals industry. Street-Wire.com has added DD and GEVO this morning to their Daily Rating Watch List. Rating can mean a number of things for investors and we encourage all shareholders to sign up to speak to a member of our research team today at
DuPont Adjusts Plans to Meet Changing Market Environment
Last month, DuPont reported its fourth quarter financial results, posting earnings from continuing operations of $0.11 per share, down from $0.26 per share reported for the same period in the previous year. Sales for the quarter were $7.3 billion. DD has met 7 out of 10 characteristics we look for when rating an equity. Register now for free below to find out more.
DuPont shares rose 0.55% to $47.76 on Monday. DD has traded in a very tight range over the last two weeks. The stock has been struggling to break through $48 resistance level. A bullish trend will be established if DD can break through this level. The next resistance level for the stock after $48 is at $50.
Gevo Shares Rally
Gevo shares have had an excellent run so far this year, gaining nearly 58%, amid speculation that the company may resume production of isobutanol at its plant in Minnesota. GEVO has met 8 out of 10 characteristics we look for when rating an equity. Sign up for free below to find out more.
On Monday, GEVO shares struggled for direction before finishing the day flat at $2.43. The stock is currently facing stiff resistance at $2.50. If it breaks through this level then the upward momentum could continue.
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Anthony K. Merchant