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NYSE:DD
This summary was created by AI, based on 3 opinions in the last 12 months.
DuPont de Nemours Inc. has garnered a range of opinions from experts, particularly ahead of its upcoming earnings report. Notably, one expert highlights that the stock has experienced a parabolic rise, prompting them to sell some shares as a cautious approach to avoid greed. Despite this, the company's diverse business segments, particularly in water and materials, are praised for their robustness, and the CEO's leadership is acknowledged as commendable. A major point of interest is the anticipated split into two distinct entities—one focused on high-growth electronics and the other on stable sectors such as industrials, healthcare, and water. This strategic move is believed to enhance the overall value, with projections suggesting the stock could potentially reach $100 per share, which signifies a promising direction for DuPont.
One of his favourite companies but he is waiting for it to pull back a bit. Most recently spun off the auto paint division, which is a plus. Major focus in recent years has been on agriculture. He would prefer it closer to the mid-$40’s. Has always liked their innovation and technological expertise.
His base case scenario is for a recession sometime next year and this is a cyclical story. A very well run and innovative company. There has been very modest growth globally and he doesn’t see this improving for at least a year and at some point it seems reasonable the markets will anticipate that and potentially sell these things off. This is one he would buy on weakness, which he thinks will happen in the 1st quarter.
Chart shows a little bit of a classic trend channel which is moving up. Probably at a reasonably good point as it is touching the bottom of the trend channel. There is some overhead resistance in the low $50’s, which could be your 1st target.