Investors will be closely watching results from Monsanto [MON 79.30 1.18 (+1.51%) ] Wednesday before the bell. What will they reveal about the ag trade?
It seems investors will be keen to see if Monsanto, the world's biggest seed maker, can show a clear path to greater profitability.
“I expect to hear their margins are doing better and better,” says BB&T analyst Frank Mitsch on Fast Money.
And Laurence Alexander of Jefferies is looking for profits of $1.20 per share slightly higher than the $1.18 per share average.
What’s the trade?
Alexander has a 'buy' on the stock but also says uncertainty will likely make the stock somewhat volatile and keep it fairly range bound.
That's practically bearish when compared to what Frank Mitsch tells the Fast Money desk. "Monsanto is a screaming buy at current levels," Mitsch exclaims.
I also love the name but I find it hard to determine a fair valuation, says Pete Najarian. However I’d say there’s much more upside to the stock than downside.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment