UK Markets open in 4 hrs 3 mins

2 Stocks to Buy From the Promising Chemical Plastics Industry

·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • COVTY

The Zacks Chemicals Plastics industry is riding on the back of strong industrial demand, driven by global economic expansion. The uptick in demand across major end-use industries such as automotive, tire and building & construction from the coronavirus-led slump augurs well for the industry.

Westlake Chemical Corporation WLK and Covestro AG COVTY are well placed to benefit from the strong demand dynamics. Self-help measures, including reduction of operating costs, are also helping these companies to offset the pandemic-driven headwinds. The shale boom, too, is driving investments in capacity expansion in the United States.



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Westlake Chemical Corporation (WLK) : Free Stock Analysis Report
 
Covestro AG Sponsored ADR (COVTY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting