11 Oversold Global Stocks to Buy According to Hedge Funds

8. Eastman Chemical Company (NYSE:EMN)

RSI: 38.34

Number of Hedge Fund Holders: 37

​​Eastman Chemical Company (NYSE:EMN) is a global specialty materials company producing a wide array of products, including specialty plastics, coatings, adhesives, and cellulose-based fibers, serving industries such as transportation, construction, consumer goods, agriculture, and healthcare. EMN has a significant global footprint, with manufacturing facilities and joint ventures in over 10 countries, supplying products to customers worldwide.

Eastman Chemical Company (NYSE:EMN) faced challenges in Q1 2025 due to trade tensions and tariffs, particularly between the US and China. The company revised its Renew revenue guidance from $75-100 million to $50-75 million due to uncertainties in consumer durable markets. Despite these challenges, EMN’s methanolysis program at Kingsport is performing well operationally, with high production rates and improved feedstock efficiency. The company is on track to achieve $50 million in EBITDA from manufacturing cost improvements.

Eastman Chemical Company (NYSE:EMN) is taking several mitigating actions to address the current market uncertainties, including optimizing capital expenditures and focusing on cash generation. The company reduced its capital expenditure guidance from $750 million to $550 million, with the Longview, Texas project being a significant part of this reduction. EMN remains confident in its strategy and ability to navigate through potential downside scenarios, which secures its place on our list of most oversold stocks to buy. The company’s diversified portfolio, vertical integration, and focus on innovation are expected by management to help offset some of the challenges faced in the current economic environment.