CONSHOHOCKEN, Pa., Oct. 5, 2013 /PRNewswire/ -- Fresh off the best finish of the season, a strong 2 nd place at the Grand Prix of Baltimore, Sarah Fisher Hartman Racing (SFHR) and driver Josef Newgarden head to The Shell and Pennzoil Grand Prix of Houston with tremendous momentum. Newgarden excels at temporary street circuits, so the 1.7 mile, 10-turn temporary street circuit built in, and around, the Reliant Park complex should align with his strengths. (Logo: http://photos.prnewswire.com/prnh/20120910/PH70044LOGO ) "The Houston track will be new to me, although some of the other drivers have experience on the track from the Champ Car days, but I'm sure we'll get up to speed quickly," Newgarden said. "The track is a little shorter and tighter than Baltimore, but I love all of the street circuits plus the team has a really good setup for them. I think we'll be competitive. I can't wait to get started!" Quaker Chemical Corporation, an official sponsor and technical partner of Sarah Fisher Hartman Racing, will again back Newgarden's No. 67 SFHR Dallara/Honda/Firestone entry in Houston as the team looks to move up a position from the recent Baltimore finish, taking their first win as a team/driver combination. "We look forward to seeing the Sarah Fisher Hartman Racing team continue their momentum from the Baltimore race and have another great finish in Houston," said Joseph Berquist, Quaker VP and Managing Director North America. "The street circuit races this season have been a great test for the wheel bearing grease technology we have been developing with the SFHR team. And we are eager to see it help Josef's car run strong all the way to the finish." IndyCar racing returns to Houston after a six-year hiatus and will feature the doubleheader format, also seen at Toronto and Detroit earlier in the season, with two full-length championship races during the weekend. With only three races remaining in the 2013 IZOD IndyCar season, Newgarden currently sits in 14th position in championship points, just 72 markers out of the top ten. "Our goal all season has been to get the most we can out of every race, finish in the top ten in points, and hopefully win a race or two," Newgarden said. "Our form at Baltimore and Brazil showed that we are contenders for race wins and I think we have a legitimate chance to attain all of our goals in these last few races." Newgarden's No. 67 SFHR Dallara/Honda/Firestone car will feature a new look this weekend from its new primary sponsor, leading single-source North American energy services provider, Strike, LLC, with a distinctive chrome-based red, white and blue paint scheme. SFHR hopes the car will be easy to spot in its race to lead the pack.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.
Quaker Chemical Corporation (NYSE:KWR) hit a new 52-week high Thursday as it is currently trading at $46.16, above its previous 52-week high of $46.02 with 7,362 shares traded as of 11:19 a.m. ET. Average volume has been 54,400 shares over the past 30 days.