5 Best Chemical Stocks to Buy For 2021

1. DuPont de Nemours Inc (NYSE: DD)

DuPont de Nemours Inc (NYSE: DD) is a chemicals behemoth that was formed as a result of a merger between Dow Chemical and E. I. du Pont de Nemours and Company in 2017. In November 2020, Bank of America gave a bullish rating to DuPont along with some other materials stocks on the back of an improving long-term outlook. The company in October posted better-than-expected Q3 earnings and a strong guidance. DuPont expects its full-year EPS to come in the range of $3.17-$3.21 versus the consensus estimate of $3.03. Revenue in the period is expected at $20.1 billion -$20.2 billion, while analysts are projecting a revenue of $20.18 billion.

DuPont tops the list of 10 best chemical stocks to buy for 2021 as 61 hedge funds tracked by Insider Monkey held stakes in the company as of the end of the third quarter. Here is what Rhizome Partners said:

“Three out of four DuPont segments reported EBITDA margins of 27‐31%. The remaining segment suffered an 86% decline in EBITDA due to its exposure to auto and industrials. In aggregate, DuPont’s Q2 EBITDA declined by 14% versus the same quarter in 2019. This is a testament to DuPont’s portfolio of specialty products that can command pricing power even during the worst of the times.”

Please also see 15 Largest Chemical Companies In The World and 10 Best Growth Stocks To Buy Now.

Disclosure: None.