Dow Inc. (DOW): Good News About Industrial Economy Isn’t Helping, Says Jim Cramer

We recently published 14 Stocks Jim Cramer Discussed As He Went “All In” On Quantum Computing. Dow Inc. (NYSE:DOW) is one of the stocks Jim Cramer recently discussed.

Dow Inc. (NYSE:DOW) is one of the largest chemical companies in America. The firm’s shares have lost 35% year-to-date, primarily on the back of a massive 26% selloff in April after President Trump announced his Liberation Day tariffs. Dow Inc. (NYSE:DOW)’s shares suffered another setback in July after they dipped by 17.5% after the firm’s latest earnings report, which saw the firm guide third quarter sales at $10.2 billion, which was lower than analyst estimates of $10.6 billion. Dow Inc. (NYSE:DOW) also slashed its dividend, and here’s what Cramer said about the firm after the disastrous earnings report:

“But then, Dow Chemicals, just, Dow, no longer Dow Chemicals. The chemicals are bad. The plastic is bad. So Jim Fitterling had to cut the dividend. I had said that this could happen. I didn’t want it. But it’s lower for longer, for three years, it’s a very unusual negative cycle. And I’ve got to tell you, for all the good news we hear about the industrial economy, it’s not helping.

“[On why the industry is struggling] China dumping. The pricing, the first month was good, but then on Liberation Day, pricing fell apart. There’s no coming back. It’s really a shame because Jim Fitterling is a good CEO, but wow.”

Previously, the CNBC TV host commented on Dow Inc. (NYSE:DOW)’s dividend yield:

“9%, see I looked at that today. There were a bunch of guys who cut the price targets. I said to myself, wow, 9%… I have to take a pass because it means that there’s something awry.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.