Our global economic slump won't last forever, and there are already signs of life here and there. Thus the materials industry is poised to prosper as construction and infrastructure projects get underway and manufacturing kicks into a higher gear. More than a handful of global materials companies had strong performances over the past year.
Air Products (NYSE: APD), which is focused on industrial gases and chemicals, surged 33%. Activist investor Bill Ackman has been buying shares, which led the company to adopt a "poison pill." (Ackman's interest might relate to the company's status as the largest producer of helium, which is in short supply lately.) Fertilizer giant PotashCorp (NYSE: POT) sank 27%, making it only more attractive to those who see it serving a growing global need for food.Freeport McMoRan Copper & Gold (NYSE: FCX) shed 10% and yields about 3.7%. The world's largest publicly traded copper-producer has been challenged by falling copper and gold prices.
Source: Motley Fool
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Posted by D4L | Wednesday, October 16, 2013 | ArticleLinks | 0 comments »________________________________________________________________
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