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Stock impact report

Jim Cramer on Dow Inc.: “I Think You Should Kaching Kaching” [Yahoo! Finance]

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB) 
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: lyondellbasell.com/en/investors
Company Research Source: Yahoo! Finance
the first quarter . Cramer said that the stock could pull back in case the war ends and the Strait of Hormuz is opened. He said: Let's talk about the next group, the companies that benefit from Iran's shutdown of the Strait of Hormuz. You got LyondellBasell, it's up 86%, it's plastics, Dow, up 78%, polyethylene chiefly, well, they make a lot of others, but that's really the driver, the third and fourth best performers in the S&P. These are two commodity chemical companies, and their stocks were some of the worst performers in the index last year, but they were already starting to bounce back in January, weeks before the war with Iran kicked off, because everybody thought we'd get multiple rate cuts this year, and that's true for textbook cyclical stocks like the petrochemicals. Turns out they benefit even more from petrochemical shortages caused by the Iranian government. I think Dow and LyondellBasell might be at risk of a pullback if the war ends and the Strait reopens. But then a Show less Read more
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