Buy
1
Hold
0
Sell
0
Watch
1
US chemical company benefiting from Asian competitors' inability to access oil due to Iran war and Strait of Hormuz disruptions. Can run plants at full capacity while Asian competitors cut production — more volume at higher prices means better revenue and margins. Pays a 3.5% dividend while waiting for the thesis to play out.
OI (Dow Inc.) recently broke out from technical analysis. Beautiful cup and handle pattern on weekly chart. Bullish as long as it holds above old resistance as new support. Joe doesn't know the fundamentals but likes the chart.