Manuta/iStock via Getty Images Celanese Corporation’s (NYSE: CE ) growth may be slowing in the face of rising economic headwinds in the U.S. and across the globe. The Fed may continue to raise interest rates further, increasing the pressure on consumers and companies. Although the company’s high debt is not a concern in the short term, the company has to prioritize debt payments. The company is focused on reducing debt, but it will take time, and the economy must cooperate. New investors may be better off avoiding the stock until there is clarity on the economy’s direction. The stock may be a buy if it drops below $100. Existing investors may consider selling covered calls to generate income. Margins may be under pressure in 2023 The company generated net sales of $2.34 billion in Q4 2022 compared to $2.27 billion in Q4 2021, a growth of 2.99%. The company’s Engineered Materials segment grew sales from $707 million in Q4 2021 to $1,237 million in Q4 2022, a 74% growth rate. But, the company’s Acetyl Chain segment saw a decline in sales from $1,590 million in Q4 2021 to $1,135 million in Q4 2022, a loss of 28.6%. Since the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
