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The Panic-Proof Portfolio (Stockchase Research) FMC Corp FMC-N TOP PICK Aug 08, 2024

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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BUY

Lithium producer. Lithium is going to be very important going forward because of hybrid cars.

TOP PICK

Big chemical company. He likes their exposure to lithium and they are one of the largest suppliers globally. If the US has their way, cars will be electric, which have batteries that will be supplied with lithium. Longer term play. He is looking for an entry place at around $50/$51.

BUY

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.

TOP PICK

Chemicals and so on. Diversified, lower risk company. Could hit $100 in 12 months. If it goes below $75, exit. Looks good based on volume patterns. Yield is 1.93%. (Analysts’ price target is $90.89)

DON'T BUY

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.

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.

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.

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.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

The Panic-Proof Portfolio (Stockchase Research) FMC Corp FMC-N TOP PICK Aug 08, 2024

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

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

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