Celanese Corporation Common Stock (CE)

U.S. stock futures were fluctuating on Monday after following Friday's advances. Futures of major benchmark indices were mixed.

Celanese offers an annual dividend yield of 0.25% — a quarterly dividend amount of 3 cents per share (12 cents a year).

Most Materials companies wasted billions on buybacks, underperforming S&P500. Exceptions: Linde, Corteva, CF Industries. Need more transparency and better timing.

The brokerage also raised the stock’s price target to $66 from $45.

Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.

U.S. stock futures fell on Tuesday after snapping a 9-day winning streak on the S&P 500 index. Futures of all indices were lower in premarket.

The company reported adjusted earnings of $0.57 per share for the quarter ended March 31, while analysts expected it to post earnings of $0.39 per share.

Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.