Shares of Dow Chemical (DOW) - Get Dow, Inc. Report were higher during Thursday morning trading, after the company posted stronger than expected financial results for its fourth quarter, prior to the open.
The Midland, MI-based American multinational chemical corporation reported earnings of 99 cents per share, beating Wall Street's estimates of 88 cents. Revenue came in at $13 billion, topping projections of $12.37 billion.
Yet, the company's pending $130 billion merger with chemical company DuPont continues to capture headlines, representing an obstacle CEO Andrew Liveris must work to overcome. Regulators, particularly within the European Union, have challenged the deal.
"Andrew is in another tough spot," TheStreet's Jim Cramer said on the floor of the New York Stock Exchange Thursday morning. "In order for that deal to work, I think they have to do substantial headcount reduction, but that would not be what Donald Trump would like to see."
However, Dow Chemical has been one of the largest buyers of American natural gas in order to build factories in the U.S., Cramer noted. A move that would seemingly appease Donald Trump's "America First" plan.
"So, on the one end he is building American and buying American, and on the other hand, he would be laying off people if this deal goes through," Cramer said.