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The 2014 All-Europe Research Team: Chemicals, No. 1: Timothy Jones & team

For the sixth time since London-based Timothy Jones took the reins nine years ago and for a fourth year in a row Deutsche Banks squad leads this lineup. The team of five tracks 29 companies, drawing on combined sell-side experience of more than 45 years. Among the analysts favorite names is Frances Arkema, which manufactures acrylics, hydrogen peroxide and other chemicals. They credit the companys product mix and beneficial geographical spread, says Jones, 41, as well as its strong positioning in niche specialty segments. Moreover, in Deutsches proprietary survey of investors, Arkema is one of the two stocks money managers expect to perform best this year. The other is Germanys Linde, which the researchers have favored since mid-2004. In December 2012, Joness crew dubbed the supplier of industrial and medical gases a top pick for 2013, citing its earnings potential; strong project pipeline; exposure to emerging markets; and lack of competitors, thanks to the industrys high barriers to entry. In addition, the team applauded Linde managements cost-savings plans. Good call. Last year the shares advanced 15.5 percent, to 152.05, besting the sector by 4.7 percentage points. Tim captains the steadiest ship in these choppy waters, declares one pension manager in London. |
See also Timothy Jones' profile in the 2013 All-Europe Research Team and the 2012 All-Europe Research Team.