11 Blue Chip Stocks to Invest in at 52-Week Lows

8. Dow Inc. (NYSE:DOW)

Stock Price as of March 25: $35.32

52-week Low: $35.22

Number of Hedge Fund Holders: 48

Dow Inc. (NYSE:DOW) offers various materials science solutions for packaging, infrastructure, mobility, and consumer applications. Fitch Ratings has highlighted the company’s significant scale and diversification, strong liquidity, consistent FCF, and low-cost position with feedstock flexibility. Dow Inc. (NYSE:DOW)’s diversification throughout the end-markets and geographies aids its credit profile, as it happens to be one of the largest chemical producers globally and the largest in North America, says the ratings agency. The company tends to benefit from access to cost-advantaged natural gas-based feedstocks as well as an industry-leading feedstock flexibility on the European assets.

The company announced targeted actions to deliver $1 billion in cost savings. The proactive actions are expected to reduce Dow Inc. (NYSE:DOW)’s costs in response to macroeconomic uncertainty while reinforcing its long-term competitiveness throughout the economic cycle. The company anticipates achieving the majority of the $1 billion in cost savings on an annual run-rate through a $500 million – $700 million reduction in direct costs, mainly focused on purchased services and third-party contract labor, and decreased labor costs. The cost actions support Dow Inc. (NYSE:DOW)’s commitment to the long-term growth objectives while aligning spending levels to the realities of the broader macroeconomic environment.