Specialty Chemical Sector Beats Downward Trend on Wall Street.(Statistical Data Included)

Chemical Market Reporter, September, 2001 by Sauer, Pamela

Select companies see valuations rise. DESPITE POOR earnings performance in the first half and a cautious outlook for the remainder of the year, certain specialty chemical stocks have significantly outperformed the broader market as measured by the S&P 500. Renewed investor interest in non-technology stocks and a market correction in a sector that has underperformed for years have driven the gains, but the question is whether such outperformance can continue.

"Specialty chemical stocks have been underappreciated over the past five years," says Lehman Brothers analyst Timothy Gerdeman. "Investors previously focused on the high-tech sector have returned to old economy sectors such as those represented by specialty chemical stocks. Clearly, investors...

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