DOW - Three top U.S. chemical stocks to buy in April
2024-03-27 18:36:18 ET
Chemicals industry, globally, sure is a huge one with total annual revenue of close to $4.0 trillion. Within in that sea of investment opportunities, the following three U.S. based stocks are particularly worth owning in 2024.
Dow Inc (NYSE: DOW)
Dow makes up our list of top three U.S. chemical stocks to buy in 2024 because it’s one of the oldest names in its industry.
The $41 billion company based out of Midland, Michigan dominates the market for close to 15 key chemicals. So, a rebound in housing, electronics, and automotive is expected to deliver a material boost to .
Electric vehicles and 5G networks are broadly seen as a catalyst for Dow Inc as well. Lastly, the New York listed giant has consistently paid a dividend yield of over 4.0% in recent years which makes up for another great reason to invest in it.
Kronos Worldwide Inc (NYSE: KRO)
Another great pick in U.S. chemical stocks is Kronos Worldwide that is expected to particularly benefit as pricing pressure alleviates in 2024.
is committed to savings and lower energy costs this year will likely support its margins as well.
The Dallas-headquartered firm came in slightly below Street estimates for revenue in its latest reported quarter – but that side of its equation is projected to improve on the back of increased titanium dioxide (TiO2) demand especially in North America in 2024.
Kronos Worldwide Inc is a worthwhile investment at writing also because it currently pays a dividend yield of a whopping 6.34%.
Air Products & Chemicals Inc (NYSE: APD)
Air Products & Chemicals is an attractive U.S. stock that caters to over 170,000 customers across a whole bunch of industries.
is down roughly 20% versus its 52-week high at writing which makes it all the more exciting for investment in 2024. This global leader in LNG process technology is even more suited for the long-term investors as it could significantly benefit from a shift to clean energy over the next ten years.
Air Products & Chemicals is the biggest supplier of hydrogen; has grown per-share earnings on an adjusted basis at an annualised rate of 11% since 2018, and pays a healthy dividend yield of 2.91% as well. Collectively, all of it spells “invest” now.
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