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Aug.12
11:12 AM ET
Tuesday, 12 Aug 2008
Materials on the Move?
With commodities having taken a beating over the past month, the S&P Materials Sector is leading its counterparts today, up nearly 1% and helping to dampen the downtrodden Financials which are down over 3%.
The word on the street is today's gains are to compensate for oversold conditions. With a continued global economic slowdown, can these companies continue their gains? Monsanto, the sector leader today, is also up on the positive crop report.
Leading the Sector are:
- Monsanto [MON
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] - Louisiana Pacific [LPX
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- Freeport McMoran Copper & Gold [FCX
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- US Steel [X
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- International Flavors & Fragrances [IFF
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