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Chemicals 2023-07-19: Unchanged at "Strong" strength rating (4th strongest of 9 levels), previous move was up

Brian Degracia

• 1 min read
Chemicals 2023-07-19: Unchanged at "Strong" strength rating (4th strongest of 9 levels), previous move was up
Chemicals for the trading week ending 2023-07-19. Specialty Chemicals is the largest and, at the moment, strongest sub-industry. Agricultural Chemicals strengthened while the other sub-industries were unchanged during the week.

Specialty Chemicals is currently the strongest (rated Stronger, 3rd strongest of nin levels) and by far the largest Chemicals sub-industry with 42 stocks led by LIN/Lind AG, followed by SHW/Sherwin-Williams Co., APD/Air Products & Chemicals, and PPG/PPG Industries. Next is Agricultural Chemicals, which has 11 companies of which two are among the few Weakest stocks in the industry (see "Leaders and Laggards" below). Chemicals has been strengthening over the past seven weeks.

Leaders and Laggards

Current strongest and weakest stocks are shown below. These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been leading the charge for their sub-industries.

Many Strongest stocks compared to few Weakest stocks. Which makes you wonder what is wrong at CTVA/Corteva Inc., FMC/FMC Corp., and SXT/Sentient Technologies.

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