Diversified Chemicals

Earnings Preview 1/21/11 Next week the fourth quarter earnings season is in full swing. A total of 481 firms are due to report, including 129 S&P 500 firms. So far the earnings season seems to be going well. The firms reporting this week include several icons of U.S. business, including almost...

Cusick's Corner Here's the long and short of this market action -- profit taking. While this has not violated the larger uptrend, this is a distribution that we have not seen in over a month. Right now the market looks and feels a lot like last spring, where after a nice run up, consolidation,...

The board of directors of PPG Industries (NYSE: PPG) today declared a regular quarterly dividend of 55 cents per share, payable March 11 to shareholders of record Feb. 18.

Cusick's Corner The Small Caps, higher Beta stocks (IWM), were the real movers to the downside today. This raises a potential red flag because these markets are more sensitive to domestic economic conditions. If the economy at home does look like it is potentially slowing, then these stocks in...

On Friday, January 14, 2011, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.18 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on March 11, 2011 to stockholders of record at the close of business on February...

J.P Morgan has raised its 2011 forecast for Eastman Chemical (NYSE: EMN) from $7.70 to $7.90. Eastman has brought on its previously idled 300 million pound ethylene cracker in Longview, Texas one quarter earlier than J.P Morgan had modeled, which should add an additional $0.06 per share to its EPS...

JP Morgan has raised the price target on Eastman Chemical Company (NYSE: EMN) from $90 to $105 and maintains its Overweight rating.

Dow AgroSciences, a subsidiary of Dow Chemical Co. (DOW), and E.I. Du Pont De Nemours & Co.'s (DD) Pioneer Hi-Bred finally settled their dispute over the marketing of certain corn seed products sold through Pioneer. As part of the resolution, Pioneer will continue to distribute products...

Dow AgroSciences, a subsidiary of Dow Chemical Co. (DOW), and E.I. Du Pont De Nemours & Co.'s (DD) Pioneer Hi-Bred finally settled their dispute over the marketing of certain corn seed products sold through Pioneer. As part of the resolution, Pioneer will continue to distribute products...

Jefferies updates Huntsman (NYSE: HUN) PT to $21 from $18 today and maintains a rating of Buy on the shares. In the report, Jefferies states, "Huntsman's significant operating leverage and cyclical exposure is magnified by financial leverage. With favorable earnings revisions likely and attractive...

Jefferies & Company has raised the price target on Hunstman (NYSE: HUN) from $18 to $21 and maintains its Buy rating.

CNBC Fast Money's Guy Adami said on the show that St. Jude Medical, Inc. (NYSE: STJ) has fair valuations. He believes that this stock might break out, and he is a buyer of St. Jude (STJ). St. Jude Medical, Inc. (STJ) gained 1.90% in the regular session, and it added 0.69% in the after hours....

Morgan Stanley is initiating coverage of Eastman Chemical Company (NYSE: EMN) at Overweight. The stock is being added to Morgan Stanley's Best Ideas list. “We expect consensus forecasts to rise 10-20% in the near term,” Morgan Stanley writes. “Also, we believe Eastman's re-balancing of its...

Dow AgroSciences (NYSE: DOW), a wholly owned subsidiary of The Dow Chemical Company, and DuPont business Pioneer Hi-Bred have resolved a dispute regarding the marketing of certain corn seed products sold through Pioneer's PROaccessSM business unit. As part of the resolution, Pioneer will continue...