5 Best US Chemical Stocks To Buy Now

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1. Dow Inc. (NYSE:DOW)

Number of Hedge Fund Holders: 45

Dow Inc. (NYSE:DOW) is headquartered in Midland, Michigan, and the company provides materials science solutions for packaging, infrastructure, mobility, and consumer applications worldwide. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. On March 1, Dow Inc. (NYSE:DOW) and X-energy, a company focused on environmentally friendly fuel technology, revealed their intention to collaborate on the creation and showcasing of the initial industrial scale advanced nuclear reactor for a North American location. It is one of the best chemical stocks to invest in. 

On February 6, Credit Suisse analyst Matthew Skowronski double upgraded Dow Inc. (NYSE:DOW) to Outperform from Underperform with a $68 price target. The analyst predicts that earnings in 2023 will be at their lowest point due to new capacity affecting pricing and margins in various derivatives. Despite concerns over a possible decrease in demand in 2023, Skowronski believes that Dow Inc. (NYSE:DOW)’s risk/reward ratio for higher demand in 2024 for several of Dow’s commodities is in favor of the company.

According to Insider Monkey’s fourth quarter database, 45 hedge funds were bullish on Dow Inc. (NYSE:DOW), compared to 43 funds in the prior quarter. Richard S. Pzena’s Pzena Investment Management is the biggest investor in the company. 

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