SOURCE: Rothman Research

Rothman Research

April 28, 2010 12:20 ET

Chemical Stocks Back in the Game

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 28, 2010) -  www.rothmanresearch.com -- Recent readings on industrial spending, consumer confidence and job creations are all showing promising signs. Furthermore, the first quarter earnings of 2010 have indicated that the U.S. economy is healing its wounds after two years of recessionary battles. And this optimism is also spreading to chemical stocks as they disclosed their quarterly results. EI DuPont de Nemours & Co. (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) which very recently posted their financials for the first quarter 2010 joined the growing ranks of companies that have seen the worst of the economic mayhem and have recovered due to efficient restructuring programs and cost-cutting initiatives.

*Complimentary downloadable research on EI DuPont de Nemours & Co. is accessible upon registration at http://www.rothmanresearch.com/article/dd/23488/Apr-28-2010.html

DuPont, having seen its revenue drop off the cliff throughout 2009, managed an incredible comeback with its first quarter 2010 results; earnings were close to $1.13 billion as compared to $488 million in the first quarter of 2009. The company which was depending largely on its agriculture and nutrition segment to bring in the bread and butter and had been greatly affected by last year's uncertainty in the auto industry, experienced a constructive turnaround as its performance coating segment and other underperforming segments of 2009 showed surprising recovery results. "The company's stellar first quarter results are largely due to a combination of volume growth, sales spike and higher prices," commented Jack Benassi of www.rothmanresearch.com.

*www.rothmanresearch.com is a source for investors seeking free information on the Major Diversified Chemicals industry; investors are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

Jack added that "DuPont has been able to deliver on all fronts, with a sales surge of 16% in the U.S., an increase of 15% in Europe and a staggering 71% rise registered in Asia. Another chemical stocks giant that has delivered better-than-expected results, no later than today, is Dow Chemical. The company's net income soared to $466 million as compared to $24 million in 2009. Growing demand from emerging markets and higher prices have done their work, but one key factor that also contributed to Dow's strong performance and that we can attribute to ingenuity in troubled times is the acquisition of Rohm & Haas last year."

*Direct & free downloadable report on The Dow Chemical Company is available by signing up now at http://www.rothmanresearch.com/article/dow/23487/Apr-28-2010.html

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For More Information Contact:
Jack Benassi
info@rothmanresearch.com

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