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Celanese (CE): A chemical 'gem'

"We are looking for companies that are expanding rapidly in international markets, sporting respectable yields, and offer solid management and a history of big results," says Keith Fitz-Gerald.

In his Money Map Reporter, he says, "There are a few gems out there. And one such company is Celanese Corp. (NYSE: CE).

"Celanese is the world's largest supplier of acetyl products, including acetic acid and vinyl acetate. What's important to understand is that CE makes 'building block' chemicals based on acetate.

"These chemicals are in almost every household in the world. It specializes in making acid products that others use to create things like plastics, cigarette filters, emulsions, alcohols, acetate products and even food ingredients.

"Not only is CE the world's largest supplier of this specialized material; it also enjoys a huge competitive advantage, based on lower production costs and economies of scale. In fact, 95% of CE's products are number one or number two in their respective markets.

Continue reading Celanese (CE): A chemical 'gem'

Analyst upgrades: RSYS, DEO, VTSS, BGFV and CCE

MOST NOTEWORTHY: RadiSys, Diageo plc, Vitesse, Big 5 Sporting Goods and Coca-Cola Enterprises were today's noteworthy upgrades:
  • Jefferies upgraded shares of RadiSys (NASDAQ: RSYS) to Buy from Hold following the Q3 upside to reflect the large ramp of new business expected in 2008.
  • Lehman raised its rating on Diageo plc (NYSE: DEO) to Equal Weight from Underweight and has increased confidence that the group can increase margins.
  • CIBC upgraded shares of Vitesse (NASDAQ: VTSS) to Sector Performer from Sector Underperformer following the company's business update, as they believe progress is being made on numerous fronts.
  • Nollenberger upgraded shares of Big 5 Sporting Goods (NASDAQ: BGFV) to Buy from Neutral following the better-than-expected Q3 results and improved full-year outlook, as they believe visibility has improved significantly.
  • Citigroup upgraded Coca-Cola Enterprises (NYSE: CCE) to Buy from Hold on valuation as they believe the stock is undervalued given Glaceau's expansion to European markets. The broker recommends taking profits in Pepsi Bottling Group (NYSE: PBG) and swapping into CCE.
OTHER UPGRADES:

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 11, 2009: 06:33 PM

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