|Last Price$37.10||Day Change (%)1.39%|
|Open Price$36.59||Day Change ($)0.51|
|Day Range36.55–37.34||52-Week Range26.25–39.23|
As of Mon 12/09/2013 05:49 PM EST | USD
UPDATE: Valero, Consol Energy rise as sector posts weekly gain
Lower commodity prices and a break-up of the European potash cartel have weighed on basic materials stocks year-to-date.
Basic materials companies are in a period of very mixed near-term outlook in terms of end-market demand.
Investment-grade bond spreads compress, but rising interest rates lead to a quarterly loss.
With demand weakening, input cost relief is the only hope for many basic materials companies in the first quarter of 2012.st
Coal ETFs carry above-average risk but offer compelling reward potential right now.
The near term will surely be bumpy, but valuations look prettier today than they have in years.