Stockchase Opinions

Jim Cramer - Mad Money FMC Corp FMC-N DON'T BUY Jan 03, 2024

An S&P loser in 2023, down 51%. Grain prices slid as Ukraine couldn't be the bread basket given Russia's war. FMC is a great company, but agriculture failed last year. Ag could bounce back, but if it does he prefers Deere.

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Stock price when the opinion was issued

chemicals
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Reflationary assets are benefitting and basic materials are part of this group. The chart looks like it is consolidating and he thinks there is another lift coming soon.

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DON'T BUY

Is down 34% in the past 6 months. It hasn't delivered, surprisingly.

BUY

It's playing a bottoming of the agriculture space.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

This global producer of agricultural herbicides and insecticides, recently reported a 49% increase in free cash flow.  North American sales are up 24% over the year and management expects a 15% increase in earnings over the second half of 2024.  It trades at 19x earnings, under 2x book and supports a 36% ROE.  Its dividend is backed by a payout ratio under 20% of cash flow.  We recommend setting a stop-loss at $52, looking to achieve $72 -- upside potential of 17%.  Yield 3.7%

(Analysts’ price target is $71.94)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Aug 08/24, Up 6.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FMC is progressing well.  To remain disciplined, we recommend trailing up the stop (from $52) to $57 at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Aug 08/24, Down 7.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FMC has triggered its stop at $57.  To remain disciplined, we recommend covering the position at this time.