Buy Chemours Company (NYSE: CC) October $49 Calls
Buy to open the October 19, 2018 call on The Chemours Company (NYSE: CC) with a strike price of $49 at $2.50 or lower. Symbol (CC181019C49)
The Chemours Company (NYSE: CC) has been in the recommended portfolio since March 2018. My confidence in the company’s prospects remains strong despite my earlier July call recommendation not working out.
New subscribers or those not involved in the earlier call purchase should consider this a new trade suggestion for all subscribers.
Management recently noted a new channel of demand opening up for its environmentally sustainable Opteon refrigerant.
Although the company might see less demand from European auto manufacturers due to the passing of mandate deadlines, a new wave of demand is emerging from U.S. automakers and European commercial refrigerator customers.
Management specifically called out 20,000 European supermarkets that they expect to be using Opteon by 2020.
In addition, revenue and profits from its Titanium coatings chemical are skyrocketing. Revenue from this product line now makes up almost half of Chemours’ revenue and grew 26% last quarter. Higher volumes and pricing are driving profits up even faster for this segment.