Market risk and systemic risk are two very different things, Jim Cramer told his Mad Money viewers Tuesday. Systemic risk is bad news that's so bad you can't profit from it. But market risk is the opposite. Market risk is bad news that creates opportunities to buy your favorite stocks at deep discounts. The key is knowing which risk you're dealing with.
For many investors, the impending collapse of Chinese land developer Evergrande is systemic risk, the Chinese equivalent of the collapse of Lehman Bros. But Cramer takes a contrarian view. The failure of Evergrande will certainly impact the Chinese economy, he said, but the Chinese government has the power to dictate how far the pain will spread.
Over on Real Money, Jim Cramer says there are rules to help investors win in markets like this. Read more as he explains why the bold ones who buy into the moment of ugliness get to score, but only if they follow this advice.
Hot Heal Care Stocks To Buy For 2023: Century Aluminum Company(CENX)
Century Aluminum Company, through its subsidiaries, produces primary aluminum in the United States, China, and Iceland. The company offers high purity primary aluminum, molten aluminum, standard-grade ingots, extrusion billets, and other value-added primary aluminum products. It also holds a 40% joint venture interest in a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China. The company was founded in 1981 and is headquartered in Monterey, California.
- [By Motley Fool Transcribers]
Century Aluminum Company (NASDAQ:CENX)Q4 2018 Earnings Conference CallFeb. 21, 2019, 5:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Logan Wallace]
Millennium Management LLC lessened its position in shares of Century Aluminum Co (NASDAQ:CENX) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,301 shares of the industrial products company’s stock after selling 61,428 shares during the period. Millennium Management LLC owned about 0.42% of Century Aluminum worth $5,801,000 at the end of the most recent reporting period.
- [By Tyler Crowe]
Yet the price boost from tariffs has not led to the outcome most would expect. Since the announcement of the tariffs, shares of aluminum producers Alcoa (NYSE:AA) and Century Aluminum (NASDAQ:CENX), and steel producers United States Steel (NYSE:X) and AK Steel Holding (NYSE:AKS) are all down more than 16%. Let’s take a look at why the Trump tariff hasn’t been the salve for each of these steel and aluminum stocks.
Hot Heal Care Stocks To Buy For 2023: Aceto Corporation(ACET)
Aceto Corporation, together with its subsidiaries, sources, markets, sells, and distributes pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products, and specialty chemicals. The company operates in three segments: Human Health, Pharmaceutical Ingredients, and Performance Chemicals. The Human Health segment supplies raw materials used in the production of nutritional and packaged dietary supplements, including vitamins, amino acids, iron compounds, and bio chemicals used in pharmaceutical and nutritional preparations. It markets and distributes its generic prescription and over the counter pharmaceutical products to wholesalers, chain drug stores, distributors, and mass market merchandisers. The Pharmaceutical Ingredients segment offers active pharmaceutical ingredients and pharmaceutical intermediates to various generic drug companies. The Performance Chemicals segment provides specialty chemicals, such as antioxidants, photo initiators, catalysts, curatives, brighteners, and adhesion promoters, which make plastics, surface coatings, textiles, fuels, and lubricants; diazos and couplers used in microfilms and blueprints, as well as in the photo tooling of printed circuit boards; and organic intermediates and colorants. Its raw materials are also used in electronic parts and binders. This segment also offers agricultural protection products comprising herbicides, fungicides, and insecticides, which control weed growth and the spread of insects and microorganisms; and sprout inhibitors for potatoes. The company serves various companies in the industrial chemical, agricultural, and human health and pharmaceutical industries primarily in the United States, Europe, and Asia. Aceto Corporation was founded in 1947 and is headquartered in Port Washington, New York.