Jim Cramer on LyondellBasell: “I Think It’s Going to Bounce Back”

LyondellBasell Industries N.V. (NYSE:LYB) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Toward the end of the lightning round, answering a caller’s query about the stock, Cramer said:

Okay, I think it’s going to bounce back. It sells at six times earnings. It’s a heavy commodity stock. It actually depends on China. China’s not ordering that much, but I will say this: it’s inexpensive right here with a 5% yield. I’m not worried about what’s happening with it, but if it bounces, please make a move and [sell, sell, sell].

Stock market data. Photo by Jakub Zerdzicki on Pexels

LyondellBasell Industries N.V. (NYSE:LYB) produces chemical solutions, polyolefins, and compounding plastics used in food packaging, automotive components, and home furnishings. The company also creates and licenses chemical processing technologies and supplies polyolefin catalysts.

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