Jim Cramer Says We’re Entering a Bear Market and Breaks Down These 10 Stocks

4. Celanese Corporation (NYSE:CE)

Number of Hedge Fund Holders: 35

Jim Cramer responded to a caller’s question about whether Celanese Corporation (NYSE:CE) is a long-term hold during the Lightning Round segment of Mad Money. He was notably disappointed with the company’s recent performance:

“CE is uh, they’ve struggled. They have struggled and I have to tell you I’m not happy with how they’re doing and I can’t – long-term or short-term – hide that. I’m just not happy with how they’re doing, I’m sorry.”

Celanese Corporation is a global chemical and specialty materials company that produces a broad range of industrial and consumer products, including engineered materials and acetyl chain chemicals. Despite a diversified business model, Cramer’s comments reflect concern over the company’s execution and growth outlook.

Cramer has been relatively cautious on the company for a while now. Here’s what Cramer said about Celanese Corporation (NYSE:CE) a couple of months ago:

“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.”