Air Products Secures Supply Contracts From Samsung Display

 | Jan 29, 2018 08:28PM ET

Air Products and Chemicals Inc. (NYSE:APD) has secured new long-term supply deals from Samsung (KS:005930) Display. Per the contracts, the company will supply gaseous nitrogen and oxygen, and liquid argon to Samsung's Organic Light Emitting Diode (OLED) manufacturing complex in Tangjeong, South Korea.
The company also supplies at Samsung Display's Tangjeong production line and many of Samsung's operations worldwide.Air Products has been operating five nitrogen plants, a pipeline network and related infrastructure to support the Tangjeong production line since 2004. Recently, it announced further investment to supply Samsung's semiconductor fab in Pyeongtaek, South Korea.
Air Products’ shares have moved up 19.3% over a year, underperforming the

Air Products and Chemicals, Inc. Quote

Zacks Rank & Other Stocks to Consider

Air Products carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the chemical space are Kronos Worldwide Inc. (NYSE:KRO) , Huntsman Corporation (NYSE:HUN) and BASF SE (OTC:BASFY) .

Kronos has an expected long-term earnings growth of 5%and a Zacks Rank #1 (Strong Buy). Its shares have skyrocketed 114.6% over a year.You can see the complete list of today’s Zacks #1 Rank stocks here .

Huntsman has an expected long-term earnings growth of 8%and a Zacks Rank of 1. Its shares have rallied 68.1% in a year.

BASF has an expected long-term earnings growth of 8.7%and a Zacks Rank #2. Its shares have gained 21.8% over a year.

Don’t Even Think About Buying Bitcoin Until You Read This

The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.

Zacks has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

Original post

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes