IYM

Here's What to Expect From International Flavors & Fragrances' Next Earnings Report

International Flavors & Fragrances Inc. (IFF) is a prominent player in the production of specialty ingredients. The company is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Tuesday, Aug. 6. IFF stock has outperformed the S&P 500’s 16.5% gains on a YTD basis.

What You Need to Know Ahead of Celanese's Earnings Release

Celanese Corporation (CE), is a chemical and specialty materials company that manufactures and sells high-performance engineered polymers. The company is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Thursday, Aug. 1. Analysts expect CE to report a profit of $2.80 per share. CE stock has significantly underperformed the S&P 500's 16.5% gains on a YTD basis.

What's in Store for Materials ETFs in Q2 Earnings?

Weekly Report: what happened at IYM last week (0715-0719)?

What to Expect From LyondellBasell Industries' Q2 2024 Earnings Report

LyondellBasell Industries N.V. (LYB) is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Friday, Aug. 2. The company manufactures plastic, chemical, and fuel products. LYB stock has underperformed the S&P 500’s 15.4% gains on a YTD basis.

Basic Materials Jumps Up Growth Rankings, But Firms Continue To Cut Employment

Financials strongest overall performer, but job cuts persist. Basic Materials Jumps Up Growth Rankings, But Firms Continue To Cut Employment. S&P Global PMI sector data signalled a strong performance from the Financials sector in June. The Basic Materials sector shot up to the third-best performing sector midway through 2024.

Why Air Products and Chemicals Shares Are Surging Today

Saudi Arabia’s largest oil company, Aramco, has agreed to acquire a 50% stake in Air Products’ Blue Hydrogen Industrial Gases Company. Air Products and Chemicals, Inc. Shares are trading higher today. Aramco will acquire a stake in BHIG.

IYM: Basic Materials ETF Is Competitive, But Not Superior

IShares U.S. Basic Materials ETF is 1/10 the size of peer XLB. Concentrating on the metals and mining industry within the basic materials sector can outperform the broader materials sector. We don't see an urgent use for IYM and rate it as a sell. The fund has a huge concentration in Linde plc.