Shares of Dow Inc. rallied Monday after Deutsche Bank analyst David Begleiter said it was time to buy, citing valuation and the belief that the worst for the chemical company’s fundamentals is in the past.
A relatively high dividend yield, which is nearly triple the yield for the S&P 500, means that even if it takes time for market conditions to improve, investors are being “paid to wait,” he said. After the stock tumbled 14.2% over the past two weeks through Friday and sank 17.3% since closing at an eight-month high of $60.51 on Feb. 7, Begleiter said he believes a share price of around $50 “is an attractive entry point.”
And as the largest ethylene producer in North America, Dow is in a good position to benefit from the “strong cost advantage” that U.S. ethane-based ethylene producers have over naphtha-based producers in Europe and Asia, he said. Ethylene is a gas used to make plastics.
The stock market won’t crash he stock market should never be an indicator of a country’s economic health. Why do you think the banks got bailed out. therichownwallstreet StockMarket economy wehavebeenplayed theydontcareaboutus wealth BankingCrisis bidenlieden biden
84% of all shares held by American households are owned by the wealthiest 10%. These figures come from a 2017 study by the economist Edward N Wolff who used data from the Survey of Consumer Finances to reveal just how skewed US stock ownership is. The stock market won’t crash
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »