Analyst backs Archean Chemicals, Vinati Organics during market correction

Markets have been falling or changing, and some investors are worried.

These worries include crude oil, foreign investor selling, expensive defence stocks, and many new share offerings.

Analyst Baliga said he did not see too many major red flags.

Instead, he said a market correction could offer chances to buy strong companies.

He especially likes specialty chemical companies.

He mentioned Archean Chemicals because it leads in bromine and industrial salt.

He also mentioned Vinati Organics, which leads in two specialty chemicals called ATBS and isobutylene.

Baliga believes companies with strong market positions may be attractive even when markets are uncertain.