Yahoo Finance Why This 1 Basic Materials Stock Could Be a Great Addition to Your Portfolio
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Celanese (CE)
Texas-based Celanese Corporation is a global hybrid chemical company. The company produces chemical substances and materials. About 95% of Celanese's products rank either first or second in their respective markets, based on market shares.
On December 5, 2016, CE was added to the Zacks Focus List at $79.10 per share. Shares have increased 102.58% to $160.24 since then.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $11.32. CE boasts an average earnings surprise of 2.1%.
Moreover, analysts are expecting Celanese's earnings to grow 26.9% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like CE offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Celanese Corporation (CE) : Free Stock Analysis Report
