The S&P Materials Sector (+1.7%) is trading higher to start the week and is currently outperforming the gains in the broader market (+1.1%).
Sector News: WLK (+2.3%) announced a $100 million share repurchase program and raises dividend from $0.0635/share to $0.07375/share. SVM (+3.3%) announced that its subsidiary signed a share purchase agreement to acquire a 90% equity interest in Zhongxing Mining and Chuanxin Mining.
Broker Calls: ECL (+2.4%) was upgraded to Buy from Hold at Citigroup. AA (+2.8%) was upgraded to Buy from Neutral at Davenport. EGO (+1.6%) was downgraded to Buy from Action List Buy at TD Newcrest. NEM (+4.3%) was upgraded to Buy from Hold at Citigroup. POT (+1.8%) was upgraded to Outperform from Sector Perform at Scotia.






