5 Best Basic Material Stocks to Buy Now

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In this article, we discuss the 5 best basic material stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Material Stocks to Buy Now.

5. Dow Inc. (NYSE:DOW)

Number of Hedge Fund Holders: 40

Dow Inc. (NYSE:DOW) ranks fifth on the list of 10 best material stocks to buy now. The Michigan-based company manufactures and sells chemicals, plastics, and agricultural products. 

Investment manager Richard Pzena’s Pzena Investment Management is the biggest stakeholder of the Michigan-based chemical company as of the second quarter, with a $336 million stake. Overall, 40 funds of the 873 elite funds tracked by Insider Monkey reported owning stakes in Dow Inc. (NYSE:DOW) at the end of June 2021.

In the second quarter of 2021, Dow Inc. (NYSE:DOW) reported an EPS of $2.72, beating estimates by 0.28. The company’s revenue in the second quarter came in at $13.88 billion, beating revenue estimates by $1.09 billion. Dow Inc. (NYSE:DOW) currently pays its shareholders an annual dividend of $2.80 per share and offers a yield of 4.81%. The stock gained 19% in the past twelve months.

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