5 Best Chemical Stocks To Invest In Now

1. DuPont de Nemours Inc (NYSE:DD)

Number of Hedge Fund Holders: 51    

UBS analyst John Roberts recently raised the price target on DuPont de Nemours Inc (NYSE:DD) stock to $102 from $98 and kept a Buy rating, backing the firm to deliver stable earnings and growth in the coming years. The analyst highlighted that the firm was “significantly undervalued” with respect to specialty chemical and multi-industry peers. BMO Capital and Deutsche Bank are also constructive on DuPont de Nemours Inc (NYSE:DD). 

DuPont de Nemours Inc (NYSE:DD) stock is also of interest to growth investors since the company has established itself as an important parts supplier to the tech industry over the past few years. 

In its Q1 2021 investor letter, Rhizome Partners, an asset management firm, highlighted a few stocks and DuPont de Nemours Inc (NYSE:DD) was one of them. Here is what the fund said:

“We have written extensively about the anticipated DuPont’s Reverse Morris Trust merger with International Flavors and Fragrances (IFF) in January of 2021. During the quarter, DuPont shares traded up significantly in anticipation of the deal. We tendered about 40% of our DuPont shares for IFF and received about half of the allocation due to pro-ration. Investors are finally starting to appreciate DuPont’s effort to cut costs, streamline operations, and spin off companies into pure-play companies that trade at higher multiples. We are still getting used to the higher multiples that investors will pay for larger market cap and pure play companies such as DuPont.”

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

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