Brooke Thackray Eastman Chemical EMN-N PAST TOP PICK May 05, 2023

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.

(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.

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.

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.