Dow Inc. posted a sharp decline in first-quarter profit in its first update following the spinoff. Dow said earnings for the three months ending in March fell 24.4% from the same period last year to $1.92 billion, in-line with the company's previous guidance. Group sales, however, fell 10% to $10.8 billion and topped the Street consensus forecast of $10.68 billion.
During Jim Cramer's members-only Action Alerts Plus monthly call, he was asked to discuss the pros and cons of each DowDuPont entity?
"We've got Dow, which we know is already doing well because of the dividend. It's not at $2.77, that's my estimate." said Cramer.
Jeff Marks, senior portfolio analyst for Action Alerts Plus, said "Probably the biggest pro, income. The dividend yield."
Watch the video for more on what Jim Cramer thinks of the two companies following the spinoff.
Get Answers to Your Most Pressing Market Questions. Plus, get a sneak peak of what Jim Cramer tells his Action Alerts PLUS members about earnings, investment strategies and more. Click here for TheStreet's new video series #AskCramer.