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Think of chemical powerhouses and Wall Street typically comes up with Dow Chemical and DuPont. That, says Barron's, is precisely where investors are missing out. Rather, the magazine says, the Street should be paying closer attention to FMC Corp., shares of which have more than quadrupled over the last five years and, given its prospects, could rise at least another 15% over the next year. Now trading at $53, one analyst believes the shares should be closer to $60 if they were given the same multiple as their peers, and at $65 with the higher multiple he says they deserve given stable earnings. Indeed, FMC is expected to post a 31% rise in Q3 earnings this week with 2008 figures expected to rise 20%. One key driver to the FMC story, according to Barron's, is the market for lithium, of which FMC is the world's second-largest supplier. In addition to cameras, cell phones and other gadgets, there's the potential for lithium-ion batteries that would be used in the electric/gas hybrid cars under consideration by auto makers. The company could even end up a takeover target of one of its bigger rivals, Barron's says.

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Source: FMC Corp. Brewing Up Gains - Barron's