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Eastman Chemical Company (EMN) [hlAlert]

Rating:
Buy EMN
up 136.57 %

Eastman Chemical Company (EMN) rated Buy

Posted on: Sunday,  Jan 27, 2008  12:08 AM ET by THE ZACKS TOP 10 of 2008 revealed

THE ZACKS TOP 10 of 2008 revealed rated Buy Eastman Chemical Company (NYSE: EMN) on 01/16/2008, when the stock price was
$30.70. Since then, Eastman Chemical Company has gained 136.58% as of 01/15/2016's recent price of $72.63.
If you would have followed this THE ZACKS TOP 10 of 2008 revealed's recommendation on EMN, you would have gained 136.57% of your investment in 2921 days.

Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. The company manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.

Zacks Top 10 Stocks for 2008 are based on the the following: Stock #1: Biopharmaceutical giant on a growth spurt. Several recent government approvals have already jump-started sales and earnings growth. One of the company’s drugs may soon be approved to treat a second disease. Stock #2: Food company feeds on higher prices. This market leader has pushed through price increases, and looks ahead to annual double-digit growth for fiscal 2008. Stock #3: Electronics firm with shining prospects. They’re cashing in on the silicon shortage by supplying companies that make solar panels. Already they have more than $15 billion in orders over the next 10 years. Stock #4: Chinese power company becomes more powerful. They increased power generation by double digits in a country that’s thirsting for consumable energies. Stock #5: Video game seller to win big. Now is the time to own this stock. Profits from next-generation video game systems are expected to pour in for at least the next two years. Stock #6: Beverage bottler toasts the future. This is the first full year the company will offer its recently acquired water franchise. They’re continuing to diversify for greater growth and earnings. Stock #7: Chemical producer finds formula for growth explosion. Emerging Asian markets are accelerating the demand for their chemical products. A new plant will help them ramp up production. Stock #8: Supplier to oil companies fueled by high prices. Recently, this brilliantly run firm acquired a competitor that broadens their already varied product line as well as their geographical footprint. Stock #9: Industrial-strength supplier engineers dynamic growth. Strong margins, geographical diversification, and great management make for a winning combination. Stock #10: Wireless carrier wires into new revenue sources. Already established in developed markets, they’re targeting emerging markets for mega-gains in 2008. And they pay a healthy dividend.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/16/2008 4:00 PM Buy
1 year
30.70
as of 12/24/2008
1 Week up  23.70 %
1 Month up  53.21 %
3 Months up  41.36 %
1 YTD down  -38.22 %

(*) Stock Price at the time of the recommendation.
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