Blue-Chip Chemical Stock eyes 10th spot just after bullish ratings

Dow Inc (NYSE:DOW) received a flurry of bullish ratings today, following yesterday’s first quarter earnings and revenue. Citigroup updated the chemical name to ‘buy’ from ‘neutral’, with the price target rising to $82 from $70, noting the stock tends to outperform the broader market in times of strength. inflation. Five other analysts also raised their price targets, although they noted supply chain issues.

The DOW is up 1.2% to trade at $70.34, and on course for its 10th straight daily win. The stock hit a record high of $71.86 yesterday, before falling back to close at $69.51. Year to date, the DOW is up 25%.

There’s still plenty of room for additional upgrades and/or target price increases in the future. Of the 24 analysts covered, 15 still call the DOW a lukewarm “hold” or worse. Additionally, the 12-month consensus price target of $70.63 is in line with current levels.

When it comes to options activity today, the May 73 call is by far the most popular, and also happens to be the first open interest position. Calls have recently gained in the options pits, with 2.61 calls bought for each put option over the past 10 weeks on the International Securities Exchange (ISE), Cboe Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX). This ratio is higher than 81% of last year’s readings, indicating that long calls were picked up at a faster rate than usual.

7 Ecommerce Stocks That Are Not Tangled in the Supply Chain

E-commerce is identified as one of the main contributors to our current supply chain challenges. Overwhelmed with cash during the pandemic, many Americans have taken to shopping online as part of their new normal. Demand quickly outstripped supply, especially as many factories faced labor shortages due to Covid-19 restrictions.

While this may oversimplify the global supply chain problem, there is no doubt that e-commerce transactions have had an impact. In fact, e-commerce was one of the fastest growing segments of the economy before the Covid-19 pandemic. This is part of the continued digitization of the economy. And that makes it a segment investors can’t afford to ignore.

What is the impact of e-commerce? In 2020 alone, there were 454 billion transactions worldwide, totaling $4.2 trillion in sales. But that only tells part of the story. As large as this figure is, it represents less than 20% (17.8%) of all retail sales worldwide. Many of these transactions go through Amazon (NASDAQ: AMZN).

However, if you missed buying Amazon when it was still “just” an online bookseller, you might find a price of over $3,000 per share a bit hard to swallow. That is why we have prepared this special presentation. We have identified seven companies that are likely to perform well despite the current supply chain crisis and have business models that will be sustainable even when supply and demand rebalance.

Check out “7 Ecommerce Stocks That Are Not Tangled in the Supply Chain”.

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