The most active name on the NYSE Tuesday was Lyondell Chemical (LYO). Although the chemical names had a great run early in the year, they’ve settled back recently. However, with today’s buy-out there’s speculation that more consolidation could lie ahead. What’s the trade?
Eric Bolling says he’s bullish on the sector and he recommends buying chemical stocks in part because they manage their energy costs very well. (Chemical companies use a great deal of energy.)