Jim Cramer Discussed These 11 Stocks & Erratic Stock Market Performance

9. Celanese Corporation (NYSE:CE)

Number of Hedge Fund Holders In Q3 2024: 35

Celanese Corporation (NYSE:CE) is an American chemicals company that caters to the needs of industrial users. The firm’s shares are down by a whopping 63% over the past year as it struggles to recover from a 26% dip in November 2024 and a 21% dip in February. Celanese Corporation (NYSE:CE)’s shares fell in November after the firm cut its dividend by a stunning 95%. In February, the shares lost value after the firm’s fourth quarter led it to record a $1.9 billion loss due to inventory digestion. Here’s what Cramer said about Celanese Corporation (NYSE:CE):

“Look there are parts of the economy that are just very, very weak. Take a look at Celanese today. I mean Celanese has a, you need for chemicals to go up, you need to have China back online. That’s a chart of a basic building block of our industry, and the prices are falling. So please, let’s not give up with housing, the plastics, you’re seeing some things, that make it so that it’s not as clear that the Fed has lost here on inflation, at all. I know that tariffs are sticky and hard to get, but they change things, but there are things going on that are deflationary all the time.”