Strategic Investment Moves Revealed
During CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management highlighted the Pacer US Cash Cows 100 ETF COWZ, boasting a free cash flow yield of 7.9%.
Stephen Weiss of Short Hills Capital Partners, on the other hand, endorsed Archer-Daniels-Midland Company ADM as his final trade.
In a turnaround reminiscent of market upsets, Archer-Daniels-Midland announced a decline in fourth-quarter revenues by 11.4% to $22.98 billion on March 12, missing the analyst consensus of $23.64 billion. The adjusted EPS of $1.36 also failed to meet the anticipated $1.43. ADM further addressed certain accounting practices, a matter first disclosed in January 2024.
Joseph M. Terranova from Virtus Investment Partners opted for FMC Corporation FMC, making waves with his choice.
Set to unveil its first quarter 2024 earnings post-market close on May 6, 2024, FMC is projected to post quarterly earnings of 34 cents per share on revenue totaling $1.01 billion, stirring anticipations.
Keeping the momentum, FMC recently reshuffled its executive deck, appointing Darren Dillenbeck as the vice president and president of FMC North America and Renato Guimarães as the vice president and president of FMC Latin America. UBS analyst Joshua Spector introduced an upgrade for FMC, shifting the rating from Neutral to Buy while also upping the price target to $84 from $61, a significant leap.
Movement in Stock Prices:
- Archer-Daniels-Midland shares closed with a 0.5% upswing, settling at $61.31 on Wednesday.
- The Pacer US Cash Cows 100 ETF surged by 1% in a single Wednesday session.
- FMC saw a remarkable 4% climb to $64.11 during the same Wednesday trading period.
Dive deeper with latest updates on Micron, Accenture, and other notable stocks heading into Thursday.
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