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LyondellBasell Stock In Top Echelon; Composite Rating Hits 96

By INVESTOR'S BUSINESS DAILY and JAMES DETAR

The IBD SmartSelect Composite Rating for LyondellBasell Industries increased from a really good 94 rating to a superb 96 Thursday. The highly ranked maker of plastics, fuels and manufacturing technologies is slated to get a new CEO in June.

LyondellBasell Stock Tops All But 4%

The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows top market performers tend to have a 95 or higher score as they launch their major climbs.

On Dec. 13 the company said that Peter Vanacker will take the reins as chief executive in June. He replaces former CEO Bhavesh Patel, who is retiring. Vanacker, a 30-year industry veteran, was previously the president and CEO of Neste, a Finland-based oil company.

LyondellBasell stock broke out earlier, but has fallen back below the prior 108.39 entry from a cup with handle.

See How IBD Helps You Make More Money In Stocks

Among its other key ratings, Netherlands-based LyondellBasell has an 80 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 80% of all stocks. LyondellBasell stock also boasts a 90 Relative Strength Rating, putting it in the top 10% of stocks for price performance.

LyondellBasell stock's Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

The company reported 26% earning growth for Q1, to $4 per share. Sales climbed 45% to $1.32 billion. Although still strong, that's down from 62% growth the prior quarter.

LyondellBasell stock earns the No. 3 rank among its peers in the Chemicals-Basic industry group. Westlake is the top-ranked stock in the group.

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Dive Deeper:
H&R Block Joins Elite Club Of Stocks With RS Ratings Over 90
H&R Block sees its Relative Strength Rating reach the elite 90-plus level.
Extra Space Storage Stock Getting Set For Fresh Run Higher?
A Relative Strength Rating upgrade for Extra Space Storage shows improving technical performance. Will it continue?
Palo Alto Networks Stock Scores Relative Strength Rating Upgrade
Palo Alto Networks sees its Relative Strength Rating hit the elite 90-plus level.
Stock Of The Day, CF Industries, Makes Bullish Move, Breaks Trendline
Nitrogen fertilizer producer touts strong dynamics in nitrogen industry. CF Industries stock also taps shift to green hydrogen.
One subscription that gives you access to news from hundreds of sites
Gilead Sciences Stock Trying To Close In On Key Technical Benchmark
Gilead Sciences shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
Avista Stock Sees Relative Strength Rating Improve To 75
Avista shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
Get all your news in one place