Jim Cramer’s Picks: Why Celanese Is Worth a Second Look
Ever since Jim Cramer, the energetic and charismatic host of CNBC’s Mad Money, mentioned Celanese (CE) during his recent broadcast, we’ve been getting a lot of questions about this chemical company. So, let’s dive in and see what makes Celanese worth a second look.
What Does Celanese Do?
First things first, let’s talk about what Celanese does. They are a global technology-based materials company that produces a wide range of products used in various industries, from automotive and consumer electronics to water treatment and energy.
Why Jim Cramer’s Interested?
“Celanese is a chemical company that’s been flying under the radar, but it’s got some great things going on,” Cramer said during his show. So, what’s got him so excited? Well, for one, Celanese is a leading global producer of acetyls, which are essential building blocks for a variety of products. They’re also a major supplier of specialty materials for the automotive industry, which is seeing a surge in demand due to the shift towards electric vehicles.
The Automotive Connection
“The automotive industry is a huge market for Celanese, and it’s only going to get bigger,” Cramer explained. With the push towards cleaner and more efficient transportation, electric vehicles (EVs) are becoming increasingly popular. And Celanese is right there, supplying materials for batteries, fuel cells, and other EV components.
A Look at Celanese’s Financials
But it’s not just about the potential growth in the automotive industry. Celanese’s financials are looking pretty solid too. In their most recent earnings report, they reported strong revenue growth, driven by their acetyls segment. Their net income also more than doubled compared to the same quarter last year.
What Does This Mean for Me?
“If you’re looking for a way to get in on the electric vehicle trend, Celanese could be a good play,” Cramer suggested. As we move towards a more sustainable and electric future, companies like Celanese, which are at the forefront of this transition, could see significant growth. And as an investor, that means potential profits for you.
What About the World?
But it’s not just about individual investors. The shift towards cleaner transportation and more sustainable materials is a global trend. And Celanese, with its leading position in the acetyls market and its strong presence in the automotive industry, is well-positioned to benefit from this trend. It’s a win-win situation – not just for Celanese, but for the world as a whole.
The Bottom Line
So there you have it. Celanese is a chemical company that’s flying under the radar, but it’s got a lot going for it. With its strong financials, leading position in the acetyls market, and its role in the electric vehicle market, it’s a company worth keeping an eye on. And if you’re looking for a way to get in on the electric vehicle trend, Celanese could be a good play.
- Celanese is a global technology-based materials company that produces a wide range of products used in various industries.
- Jim Cramer is bullish on Celanese due to its leading position in the acetyls market and its strong presence in the automotive industry.
- The automotive industry is a huge market for Celanese, and it’s only going to get bigger due to the shift towards electric vehicles.
- Celanese’s financials are looking strong, with revenue growth and increased net income in their most recent earnings report.
- As an investor, Celanese could be a good play for those looking to get in on the electric vehicle trend.
- The shift towards cleaner transportation and more sustainable materials is a global trend, and Celanese is well-positioned to benefit from this trend.
“So, there you have it, folks. Celanese – a company that’s flying under the radar but has the potential to take off,” Cramer concluded. And with that, we’ll leave you with a final thought – keep an eye on Celanese. It might just surprise you.
