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Jim Cramer - Mad Money Eastman Chemical EMN-N BUY Aug 10, 2021

Just delivered a beat in their quarterly report last week, but the stock actually got hit. Days later, Bank of America upgraded EMN and the stock rebounded. He recommended this in June because there's a long-term shortage of the chemicals they supply. Also, EMN has developed a technology that makes recycled plastic a lot more lucrative. EMN raised its full-year forecast by a strong 50 cents. It trades at 13x earnings and should be $5-6 higher.

Jim Cramer - Mad MoneyJim Cramer - Mad Money
Unknown
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$114.450

Stock price when the opinion was issued

chemicals
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TOP PICK

Eastman Chemical (EMN-N)

May 08, 2017

Chemicals are good movers toward the end of an economic cycle. With weakness in Natural gas, it helps them. They have a 2.6% dividend and a 50% upside potential. If he gets 15-20% by next year he will be happy with it. (Analysts’ target: $90.00.

Ross HealyRoss Healy
Owned
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$79.280

Stock price when the opinion was issued

chemicals
PAST TOP PICK

Eastman Chemical (EMN-N)

Jan 19, 2018

(A Top Pick May 8/17. Up 25%.) Still has lots of upside potential, but is coming hard up against technical resistance, so is watching to see if it will break out. There is enough potential that it should be able to do it. Needs another $2 or $3 on the upside, and then we get a clear technical break out, and then it would be okay to Buy. Right now, he would be cautious.

Ross HealyRoss Healy
Owned
Unlock Rating
$98.130

Stock price when the opinion was issued

chemicals
TOP PICK

Eastman Chemical (EMN-N)

Jan 14, 2019
It has a strong seasonal period from late January into May and then they do poorly. It is a solid company with a 3.3% dividend and a low PE ratio. It should perform well when the trade situation calms down. (Analysts’ price target is $93.79)
Brooke ThackrayBrooke Thackray
Owned
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$76.430

Stock price when the opinion was issued

chemicals
PAST TOP PICK

Eastman Chemical (EMN-N)

Apr 03, 2019
(A Top Pick Jan 14/19, Up 7%) Strong seasonality in January to May, but it does really poorly in May to October. It plunged in late-2018 and has recovered since late-2018, but slower than the overall market. It's merely okay now.
Brooke ThackrayBrooke Thackray
No
Unlock Rating
$80.910

Stock price when the opinion was issued

chemicals
TOP PICK

Eastman Chemical (EMN-N)

Mar 01, 2021
This is a cyclical pick. Strength is Jan 28 to May 5th. It is positive over 80% of the time with an average gain of over 80%. (Analysts’ price target is $112.10)
Brooke ThackrayBrooke Thackray
Owned
Unlock Rating
$112.770

Stock price when the opinion was issued

chemicals
PAST TOP PICK

Eastman Chemical (EMN-N)

May 05, 2021
(A Top Pick Mar 01/21, Up 10%) Strong season from January to May. Now is its weak period, so he wouldn't buy right now.
Brooke ThackrayBrooke Thackray
No
Unlock Rating
$122.910

Stock price when the opinion was issued

chemicals
TOP PICK

Eastman Chemical (EMN-N)

Jan 24, 2023
Jan. 28 to May 5 is seasonality. 1994-2021 has been up 11.6%. They've been cutting costs, expanding into new dividend, raised dividends for 13 years and pays 3.5%. (Analysts’ price target is $96.26)
Brooke ThackrayBrooke Thackray
No
Unlock Rating
$90.610

Stock price when the opinion was issued

chemicals
DON'T BUY

Eastman Chemical (EMN-N)

Apr 17, 2023

A commodity chemical company that does a lot of recycling. He understands it's very hard to get a hold of recycled plastic, so he's very negative about this group.

Jim Cramer - Mad MoneyJim Cramer - Mad Money
No
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$83.320

Stock price when the opinion was issued

chemicals
PAST TOP PICK

Eastman Chemical (EMN-N)

May 05, 2023
(A Top Pick Jan 24/23, Down 10%)

Cyclical business that hasn't performed well.
Seasonality affecting share price (May-October).
Expecting better performance of shares.
Sign that economy is soft.

Brooke ThackrayBrooke Thackray
No
Unlock Rating
$80.770

Stock price when the opinion was issued

chemicals

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