We recently published a list of Top 10 Stocks Wall Street is Discussing. In this article, we are going to take a look at where Corteva Inc (NYSE:CTVA) stands against other top stocks Wall Street is discussing.
Bill Strazzullo, Bell Curve Trading chief market strategist, said in a latest program on CNBC that the market rally that started during the peak of the pandemic driven by fiscal stimulus seems to have “tapped out.” The analyst sees more pain ahead:
“The bottom line of all this is that we’ve only started this. We’ll be lucky if we get out of this top to bottom only down 20%. I think eventually, across the indices—Dow, S&P, NASDAQ 100—we’ll end up being down 25% before it’s all done.”
Asked what he would advise to long-term investors, the analyst recommended taking some money off the table and bracing for more impact:
“It’s not anything very esoteric. Take some money off the table—you’ll be able to deploy that capital at much better levels later in the year. But right now, Trump is taking us not only into a trade war but into a full-blown recession. I think the mistake people are making is that we’ve been spoiled with these V bottoms—we go down 10 or 12% and then right back up. This is not going to be like that. We are going to be in for a much deeper drawdown and I think something that’s going to last a significant amount of time.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks making moves on important news. With each stock we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A farmer in overalls, harvesting a golden cornfield with a tractor in the background.
Corteva Inc (NYSE:CTVA)
Number of Hedge Funds Investors: 33
Josh Brown, CEO of Ritholtz Wealth Management, said in a recent program on CNBC that he likes Corteva Inc (NYSE:CTVA) and believes the stock is in the process of breaking out.
“This is going to be a slow mover but I think it’s in the process of breaking out. It’s not going to act like a like a tech stock. This is uh seeds branded seeds are about 60% of the business, 40% of the business is crop protection, so it’s in the chemical space. It was a spin out from Dow Dupont, which is why not a lot of people know the name. There’s a breakout happening here. It’s a really interesting chart and when they last reported they had a lot of good things to say. Fundamentally, operating EBITDA margin improved by 280 basis points last quarter, they said free cash flow was up by 40% to 1.7 billion. They also announced a billion doll buyback for the year 2025. Assuming they act on that, I think the stock should be okay. You’ve got an RSI here at 58, so not overbought yet, 6% above the 50, 12% above the 200. I like that Golden Cross, and she’s 3% from the 52-week high.”
Overall, CTVA ranks 8th on our list of top stocks Wall Street is discussing. While we acknowledge the potential of CTVA, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CTVA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
