LyondellBasell Industries (LYB-N)

The best time to buy this is right now, at the start of rate-cutting, which will boost housing and products associating with home-building like appliances and carpets which require chemicals. Also, China's stimulus is a boost to cyclicals levered to China's economy.

It is a big plastics maker but sales haven't grown much in the past few years.

Challenge with industrials in the chemicals space is that they tend to be the canaries in the coal mine for weakening economic times. Fair bit of volatility this year. At this point, doesn't make sense to own.

A petrochemical company. They're vertically integrated and in many markets. They're winning business with strong earnings. The street is neutral on this, but this could be a commodity-uptick play. Decent yield of 3.78%. (Analysts' price target $117.89)

A past top pick. His biggest industrial U.S. holding. They make plastics and have a crude refinery on the Gulf Coast. Recent dip hurt by Hurricane Harvey then bounced back. Strong earnings growth. Reasonable multiple of 11x 2018 projected earnings. LYN expects increase in profitabilty and demand.

A global chemical company which produces chemicals that makes plastics. This has a good valuation and he likes the global growth story. Strong balance sheet. They've done a great job of growing their profitability and their cash flow. Dividend yield of 3.1%. (Analysts' price target is $110.)

(A Top Pick July 29/16. Up 19%.) This was great value. Basically industrial, focused on the chemical side. Producing plastics is its main business. Stable oil prices really helped out. Trading at about a 30% discount to its peers, which is warranted, because earnings are likely to be lacklustre in the next little while. You are still getting a 4%+ dividend. There is still room left on the stock.

Basically a manufacturer, designer and technology company around plastics and polymers. They also have a refining division. Valuation is really cheap. The company did quite well, particularly when there was a disparity between oil and gas. Trading at about 7X forward earnings. He anticipates earnings to be on a declining scale in 2016, but likely to stabilize in 2017. Dividend yield of 4.52%.

A good, long term holding. Nice dividend yield. You are not going to see a huge amount of growth coming from them, but a nice, safe, stable, high quality company with consistent earnings growth.

(Market Call Minute) It does well with improving chemicals prices and low natural gas prices. He is taking a look at it.

(A Top Pick June 16/14. Up 7.08%.) This is a pretty good free cash flow story, but within a very cyclical industry. It was doing really, really well until the oil price meltdown. Sold his holdings, but he would call it a Hold, and if oil got back into the $80s it would probably be a buy again.