Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of special chemicals maker Chemtura
So what: No news and shares popped after a gloomy outlook yesterday? That's strange.
What's driving shares today is positive earnings news from chemical makers Cytec Industries
Now what: Yesterday I said that shares looked like they were trading at an attractive valuation despite cautious comments from management. Now that industry competitors have weighed in with more bullish sentiments, it looks like that's correct and management is just being overly cautious.
The specialty chemicals sector is hot today, and all three of these companies look like they're trading at attractive valuations considering their potential growth.
Interested in more info on Chemtura? Add it to your watchlist by clicking here.