5 Best Plastics Stocks to Buy Now

1. ExxonMobil Chemical Company (NYSE: XOM)

Number of Hedge Fund Holders: 

This US-based chemical company produces and supplies petrochemicals to its customers both in the US and internationally. As of January 2021, ExxonMobil Chemical Company (NYSE: XOM) had a market value of $174.3 billion. It is ranked 1st on our list of the 10 best plastics stocks to buy now.

ExxonMobil Chemical Company (NYSE: XOM) is the largest publicly traded oil and gas company. It used technology and innovation to meet the world’s everchanging and evergrowing needs and expectations. ExxonMobil Chemical Company (NYSE: XOM) is an industry leader in the plastics industry and is one of the top stocks to consider for investment if one is looking for companies in the chemicals manufacturing sector.

Harding Loevner, in its Q1 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE: XOM). Here is what Harding Loevner has to say about Exxon Mobil Corporation in its letter:

“We felt that our remaining energy holding, ExxonMobil, with its stronger balance sheet, was in a better position to ride out the cyclical slump in oil demand and even perhaps take advantage of it by investing counter-cyclically. While ExxonMobil does plan to increase capital expenditure, we’ve been disappointed in its regrettable failure to address ongoing emission trends, which reflects poorly on management’s foresight. As a result, we sold our ExxonMobil holdings.”

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