Three top U.S. chemical stocks to buy in April

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Written on Mar 27, 2024

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Chemicals industry has total annual revenue of close to $4.0 trillion.
Dow, Kronos, and $APD are particularly worth owning within this space.
Here's what each of the top U.S. chemical stocks on our list have to offer.

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Chemicals industry, globally, sure is a huge one with total annual revenue of close to $4.0 trillion. Within in that sea of investment opportunities, the following three U.S. based stocks are particularly worth owning in 2024.

Dow Inc (NYSE: DOW)

Dow makes up our list of top three U.S. chemical stocks to buy in 2024 because it’s one of the oldest names in its industry.

The $41 billion company based out of Midland, Michigan dominates the market for close to 15 key chemicals. So, a rebound in housing, electronics, and automotive is expected to deliver a material boost to $DOW.

Electric vehicles and 5G networks are broadly seen as a catalyst for Dow Inc as well. Lastly, the New York listed giant has consistently paid a dividend yield of over 4.0% in recent years which makes up for another great reason to invest in it.

Kronos Worldwide Inc (NYSE: KRO)

Another great pick in U.S. chemical stocks is Kronos Worldwide that is expected to particularly benefit as pricing pressure alleviates in 2024.

$KRO is committed to savings and lower energy costs this year will likely support its margins as well.

The Dallas-headquartered firm came in slightly below Street estimates for revenue in its latest reported quarter – but that side of its equation is projected to improve on the back of increased titanium dioxide (TiO2) demand especially in North America in 2024.

Kronos Worldwide Inc is a worthwhile investment at writing also because it currently pays a dividend yield of a whopping 6.34%.

Air Products & Chemicals Inc (NYSE: APD)

Air Products & Chemicals is an attractive U.S. stock that caters to over 170,000 customers across a whole bunch of industries.

$APD is down roughly 20% versus its 52-week high at writing which makes it all the more exciting for investment in 2024. This global leader in LNG process technology is even more suited for the long-term investors as it could significantly benefit from a shift to clean energy over the next ten years.

Air Products & Chemicals is the biggest supplier of hydrogen; has grown per-share earnings on an adjusted basis at an annualised rate of 11% since 2018, and pays a healthy dividend yield of 2.91% as well. Collectively, all of it spells “invest” now.