Westlake Chemical Corporation‘s WLK unit — Royal Building Products — recently announced an expansion of its virtual-selling abilities across Canada via a partnership with One Click Contractor.
Notably, the collaboration will support the process of virtual sales as the company moves into the peak sales season for exterior building products.
Moreover, the collaboration between Royal Building Products and One Click Contractor has changed the way home improvement projects are marketed.
Notably, contractors can operate the entire selling process, without setting foot in a customer’s house. Further, contractors may quickly offer an accurate, personalized and professional sales process. Moreover, contractors can keep all the important information associated with each job in one place.
Per management, through the collaboration, it is equipped to cater to the current and future requirements of homeowners, building professionals and distributors.
Shares of Westlake Chemical have lost 19.9% in the past year compared with the industry’s 16.3% decline.
.jpg)
In May, the company stated that it is focused on lowering its cost position and generating economic value over the business cycle. It believes that its competitive position along with a strong balance sheet has positioned it to weather the current environment.
Westlake Chemical Corporation Price and Consensus
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are AngloGold Ashanti Limited AU, Agnico Eagle Mines Limited AEM and Harmony Gold Mining Company Limited HMY.
AngloGold has a projected earnings growth rate of 109.9% for the current year. The company’s shares have surged around 67% in a year. It currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Agnico Eagle has a projected earnings growth rate of 53.6% for the current year. The stock has gained around 25% in a year. The company currently has a Zacks Rank of 2.
Harmony Gold has an expected earnings growth rate of 28.6% for 2020. The company’s shares have gained 87% in the past year. It is presently a Zacks #2 Ranked player.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research