
NYSE:DD
This summary was created by AI, based on 3 opinions in the last 12 months.
DuPont de Nemours Inc. has garnered attention from experts ahead of its upcoming earnings report. One expert noted that the stock has experienced a parabolic move, prompting them to sell some shares to avoid greed. Despite this caution, the company's diverse businesses, such as its operations in water and materials, are praised alongside the leadership of the CEO, who is credited with strong management. Furthermore, there's significant excitement about the planned split of the company into two distinct entities: one focusing on the fast-growing electronics sector and the other on the more stable industrials, healthcare, and water businesses. Experts believe that this strategic move may potentially enhance the overall value of the company, with estimates suggesting a future worth of around $100 per share, exceeding the combined current value of its parts.
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.