Tuesday, January 20, 2015

ADM - Archer Daniels Midland

$ADM - I mentioned that I was interested in this one on Twitter. No position yet. Analysts seem to be downgrading this one left and right. The 52-week high is $53.91  

The stock is below the 50dma and recently fell below its 200dma. Yields around 2%.  Current PE is just over 16, which is a little higher than its 10 year avg. 

I think this one is falling with a stronger dollar and general weakness in commodities.  Lower energy prices should help ADM. The big question is if there will be potential weaker demand for ethanol if the US economy is slowing. (I don't believe that to be the case).  ADM also has a history of increasing dividends and share buybacks.  

Earnings scheduled for February 3rd. 

No position as of this blog entry. 

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