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Why Methanex Stock Triumphed While the Market Tanked Today

Friday was a crushing day for investors in certain industries, but chemicals wasn't necessarily one of them. Case in point: Methanex (NASDAQ: MEOH), which recorded a double-digit percentage gain thanks to a solid third-quarter earnings report. Fueled by the good sentiment engendered by that report, plus a new share repurchase program announced by the specialty chemical company, Methanex's shares gained more than 14% across that trading session.

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