Short interest for FMC gives investors a sense of the degree to which investors are betting on the decline of FMC's stock. Short interest data is updated every two weeks.

FMC Stock (NYSE:FMC), Short Interest Report

FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.

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An investor would need to own $159,944 worth of FMC to generate a monthly dividend income of $500.

How To Earn $500 A Month From FMC Stock Ahead Of Q1 Earnings

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U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&amp;P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022.

Wall Street Looks To Extend Rally Amid Caution Over Fed Speeches, More Earnings: Why This Analyst Thinks Bull Market Is Still &#39;Quite Young&#39;

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According to FactSet, a financial data analytics firm, 80% of S&amp;P 500 companies have reported earnings so far. 

Will Earnings Cheer Continue This Week? All Eyes On Disney, Palantir, Robinhood While Reddit Gears Up For Debut Quarterly Report

FMC Corp

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FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) is expected to release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/FMC/earnings">closing bell on May 6</a>.
Analysts expect the company to report quarterly earnings at 33 cents per share, down from $1.77 per share in the year-ago period. FMC is projected to post revenue of $1.01 billion, compared to $1.34 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 30, FMC said its board of directors declared a regular quarterly dividend of 58 cents per share.
With the recent buzz around FMC, some investors may be eyeing potential gains from the company's dividends. As of now, FMC has a dividend yield of 3.75%, which is a quarterly dividend amount of 58 cents a share ($2.32 a year).
To figure out how to earn $500 monthly from FMC, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by FMC's $2.32 dividend: $6,000 / $2.32 &nbsp;= 2,586 shares
So, an investor would need to own approximately $159,944 worth of FMC, or 2,586 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $2.32 = 517 shares, or $31,976 to generate a monthly dividend income of $100.
Also Read: <a href="https://www.benzinga.com/news/24/05/38611902/wall-streets-most-accurate-analysts-views-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a>
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
FMC Price Action: Shares of FMC rose 2.2% to close at $61.85 on Friday.
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38613217/top-3-energy-stocks-that-could-blast-off-this-month">Top 3 Energy Stocks That Could Blast Off This Month</a>
Photo: Shutterstock

U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&amp;P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022. The <a href="https://www.benzinga.com/markets/equities/24/05/38563545/powell-keeps-hawks-at-bay-says-interest-rate-hike-unlikely-stocks-gold-rally-while-treasury-yiel" target="_blank" rel="noreferrer noopener">possibility of rate cuts</a> has re-emerged, making this week&#8217;s flurry of Fed speeches potentially market-moving events. Analysts are confident the upward momentum will continue after a slow April, with the typical strength seen in election years (over the next three months) likely aiding the rally.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.28%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.31%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.29%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.76%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Monday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.31% to $512.87,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 0.27% to $436.65, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session&nbsp;
A dovish Federal Reserve message, benign economic data, and positive earnings reports fueled the market rally for a second consecutive week. All three major indices closed the week ending May 3 firmly in positive territory. While Fed Chair&nbsp;Jerome Powell&nbsp;didn&#8217;t provide a specific timeline for rate cuts, he reassured investors by clarifying that hikes are not on the immediate horizon. Big tech companies like&nbsp;Apple, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Amazon, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) met analyst expectations with their earnings reports.
The Institute for Supply Management&#8217;s service sector reading fell sharply and dipped into contraction territory. However, the monthly non-farm payrolls report offered mixed signals: lower-than-expected job growth in April, a slight increase in the unemployment rate, and slower-than-expected wage growth.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.43%</td>
<td>16,156.33</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.55%</td>
<td>5,127.79</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.14%</td>
<td>38,675.68</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.68%</td>
<td>2,035.72</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: 
An analyst highlighted data that increases the confidence in the current market rally. Carson Group&#8217;s Ryan Detrick said the current bull market was still quite young. As opposed to the average duration of 60 months for the past 12 bull markets, the current one is less than 19 months old, he said. On a more positive note, if the bull market starts in October, its average is even a litter bit longer, he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This bull market is still quite young, at less than 19 mos old. Looking at the past 12 bull markets showed the avg is just over 60 mos. But 5 of the past 12 started in October (like this one). When they start in October? They last even a little bit longer. <a href="https://t.co/sjck6Ghr61">pic.twitter.com/sjck6Ghr61</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1787307821790368252?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data: 
A slew of Fed speeches are scheduled for the unfolding week, while the jobless claims data, the University of Michigan&#8217;s preliminary consumer sentiment index for May, the Fed&#8217;s outstanding consumer credit report for March, and the monthly federal budget for April may also attract some attention.
On Monday, the Treasury will auction three- and six-month notes at 11:30 a.m. EDT.
Richmond Fed President Thomas Barkin&nbsp;is scheduled to speak at 12:50 p.m. EDT. New York Fed President John Williams will speak at 1 p.m. EDT.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares rose about 4% <a href="https://benzinga.grsm.io/lxquj26b2sag">in premarket trading </a>after the New York Times reported that the media company will end its exclusive negotiations with Skydance Media without reaching a deal.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>), and Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting ahead of the market open.</a></li>
<li>Those reporting after the close include ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>), Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures sharply early Monday, trading a little under $79 a barrel. The commodity fell nearly 7% in the week ended May 3. Gold futures also gained ground.
Bond yields weakened further at the start of the new week, with the 10-year note yielding 4.473%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw an upward bounce and has tacked on about 2% over the past 24 hours. At last check, the apex crypto was approaching the $65,000 level.
Asian stocks rose across the board, as they latched onto the optimism regarding rising prospects of a U.S. Fed rate cut. The Chinese market witnessed standout gains after the policymakers said at last week&#8217;s Politburo meeting that they would step up support for the economy with prudent monetary and proactive fiscal policies.
The New Zealand market, however, bucked the trend and fell sharply on Monday. The Japanese and South Korean markets remained closed for public holidays.
Sentiment across the Atlantic was positive, with the major European averages firmer in early trading.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/38636014/will-earnings-cheer-continue-this-week-all-eyes-on-disney-palantir-robinhood-while-reddit-gears-up-">Will Earnings Cheer Continue This Week? All Eyes On Disney, Palantir, Robinhood While Reddit Gears Up For Debut Quarterly Report</a>
Photo generated using Midjourney

Wall Street Looks To Extend Rally Amid Caution Over Fed Speeches, More Earnings: Why This Analyst Thinks Bull Market Is Still 'Quite Young'

Earnings reports and a dovish stance from the&nbsp;Federal Reserve&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38624536/federal-reserve-dismisses-rate-hike-fears-labor-market-cools-apple-lures-investors-" rel="noreferrer noopener">lifted stocks last week</a>. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes.
Tech Giants Lead Charge: Apple, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Amazon, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter.
According to <a href="https://insight.factset.com/sp-500-earnings-season-update-may-3-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-05-03-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdatemay32024" target="_blank" rel="noreferrer noopener">FactSet</a>, a financial data analytics firm, 80% of S&amp;P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than usual.
FactSet estimates that S&amp;P 500 companies&#8217; blended year-over-year earnings growth is currently at 5%, up from 3.5% the prior week. This is the highest growth rate since Q2 2022.
Eight out of eleven S&amp;P 500 sectors are experiencing earnings growth. Communication services, utilities, consumer discretionary, and IT are leading the pack, while energy, healthcare, and materials are lagging behind.
See Also:<a target="_blank" href="https://www.benzinga.com/money/best-consumer-discretionary-stocks" rel="noreferrer noopener">&nbsp;Best Consumer Discretionary Stocks</a>
Looking Ahead:&nbsp;This week will see earnings reports from 56 S&amp;P 500 companies, including one from the Dow Jones Industrial Average. Investors will be watching earnings from restaurants, electric vehicle companies, media and entertainment companies, biotech companies, and tech companies.&nbsp;Walt Disney Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) is expected to be a key focus due to its consumer exposure, while&nbsp;Reddit, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) will be releasing its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37876921/reddit-stock-opens-for-trading-at-47-everything-you-need-to-know" rel="noreferrer noopener">first-ever quarterly report</a>&nbsp;as a public company.
Notable among the companies reporting earnings are: 
Monday 
<ul>
<li>Before the bell: BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) and Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>).</li>
<li>After the close: ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>), Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), Rockwell Automation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>), UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), Disney and WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>)</li>
<li>After the close: Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>), Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Reddit, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</li>
</ul>
Wednesday 
<ul>
<li>Before the bell: Anheuser-Busch InBev SA/NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Choice Hotels International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>), The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), Taboola.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>), Sunoco LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>), Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>)</li>
<li>After the close: Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>), Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>), Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>), Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>), Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>), Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>), Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>)</li>
<li>After the close: Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), Lions Gate Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>), Rackspace Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXT#NASDAQ">RXT</a>), Synaptics Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>), Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 1.24% at $511.29, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 2% to $435.43.
Read Next: <a href="https://www.benzinga.com/news/24/05/38630719/warren-buffett-fears-the-ai-genie-thats-part-out-of-the-bottle-but-agrees-it-has-potential-to-do-goo">Warren Buffett Fears The &#8216;AI Genie&#8217; That&#8217;s &#8216;Part Out Of The Bottle&#8217; But Agrees It Has Potential To Do Good: &#8216;Don&#8217;t Know How That Plays Out&#8217;</a>
Image via Shutterstock

In a recent turn of events, shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) have taken a nosedive, while six S&amp;P 500 stocks have seen a surge.
What Happened: When Tesla&#8217;s shares dip, six S&amp;P 500 stocks tend to rise, CNBC Pro <a href="https://www.cnbc.com/2024/04/23/when-tesla-shares-fall-these-6-stocks-tend-to-rise-according-to-recent-history.html">reported</a> on Monday. These include Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>), FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Church &amp; Dwight (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), and Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>). Over the past month, these stocks have shown an inverse correlation to Tesla&#8217;s performance. While Tesla&#8217;s shares have seen a 40% drop this year, these six stocks have generally risen.
Deutsche Bank analyst Emmanuel Rosner predicts that Tesla&#8217;s rough patch may persist as the company might shift its focus from a new low-cost vehicle to self-driving technology. Rosner recently slashed his price target on Tesla&#8217;s stock from $189 to $123, indicating a potential downside of around 15% over the next year.
See Also: <a href="https://www.benzinga.com/news/24/04/38346954/trump-in-hot-seat-in-hush-money-case-prosecutors-seek-deep-dive-into-ex-presidents-alleged-misconduc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump In Hot Seat In Hush-Money Case, Prosecutors Seek Deep Dive Into Ex-President&#8217;s Alleged Misconduct And Manipulation</a>
However, it is crucial to understand that the inverse movement of these stocks to Tesla&#8217;s does not imply causation or guarantee future returns or price action patterns. Church &amp; Dwight is the only stock that showed an inverse correlation to Tesla both in March and last week.
Why It Matters: This shift in stock performance comes in the wake of Tesla&#8217;s recent decisions. The company recently laid off its U.S. marketing team, with CEO Elon Musk <a href="https://www.benzinga.com/news/24/04/38370123/elon-musk-admits-tesla-ads-were-far-too-generic-after-laying-off-us-marketing-team-couldve-been-any">stating that the team&#8217;s ads </a>were &#8220;far too generic.&#8221; This move was part of a 10% company-wide layoff.
Additionally, Tesla has significantly reduced the price of its full self-driving (FSD) driver assistance software. Less than a year ago, <a href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago">Musk considered $15,000 a low price for FSD</a>. However, the price has since been cut by about 50%. This price reduction could be a factor in the company&#8217;s shifting focus towards self-driving technology.
Read Next: <a href="https://www.benzinga.com/news/24/04/38356833/liz-cheney-says-trump-doing-everything-possible-to-postpone-jan-6-case-beyond-election-deep-flaws-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Liz Cheney Says Trump &#8216;Doing Everything Possible&#8217; To Postpone Jan. 6 Case Beyond Election: &#8216;Deep Flaws In Character&#8230;Make Him Unfit To Serve As President&#8217;</a>
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 Engineered by Benzinga Neuro, Edited by 
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General

EBAY

TSLA

When Tesla Dips, These Six S&P 500 Stocks Including eBay, Walmart And Wells Fargo Often Soar: Analysis

In the latest quarter, 11 analysts provided ratings for FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $64.36, a high estimate of $84.00, and a low estimate of $55.00. This upward trend is evident, with the current average reflecting a 0.25% increase from the previous average price target of $64.20.
<img src="https://www.benzinga.com/files/images/story/2024/1712671241_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive FMC. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$79.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$84.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Christopher Kapsch</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$65.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Christopher Kapsch</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$59.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Joel Jackson</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$61.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Laurent Favre</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$56.00</td>
<td>-</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$76.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Christopher Parkinson</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steve Byrne</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$57.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$59.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to FMC. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of FMC compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of FMC's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of FMC's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/FMC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on FMC analyst ratings.</a>
<h2>Discovering FMC: A Closer Look</h2>
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
<h3>Unraveling the Financial Story of FMC</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: FMC's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -29.34%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: FMC's net margin is impressive, surpassing industry averages. With a net margin of 95.58%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): FMC's ROE excels beyond industry benchmarks, reaching 28.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): FMC's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.57% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 0.93, FMC faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Latest Analyst Ratings For FMC

Keybanc analyst Aleksey Yefremov maintains FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) with a Overweight and raises the price target from $76 to $79.

Price Target

Keybanc Maintains Overweight on FMC, Raises Price Target to $79

On CNBC&rsquo;s &quot;<a href="https://www.cnbc.com/video/2024/03/20/final-trades-fmc-corp-archer-daniels-midland-and-cows.html">Halftime Report Final Trades</a>,&quot; Bryn Talkington of Requisite Capital Management names&nbsp;Pacer US Cash Cows 100 ETF (CBOE: COWZ), which has a current free <a href="https://www.benzinga.com/quote/COWZ"> cash flow yield of 7.9%. </a>
Stephen Weiss of Short Hills Capital Partners named Archer-Daniels-Midland Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adm#NYSE">ADM</a>) as his final trade.
On March 12, Archer-Daniels-Midland said fourth-quarter revenues declined 11.4% year-on-year to $22.98 billion, missing the analyst consensus estimate of $23.64 billion. Adjusted EPS of $1.36 missed the analyst consensus of $1.43. ADM also provided an update regarding certain accounting practices. The investigation was <a href="https://www.benzinga.com/markets/equities/24/03/37628022/whats-going-on-with-archer-daniels-midland-shares-today">initially disclosed in Jan.&nbsp;2024</a>.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Joseph M. Terranova of Virtus Investment Partners picked&nbsp;FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>).
FMC is scheduled to release its first quarter 2024 earnings after the closing bell on May 6, 2024. Analysts expect the company to report quarterly earnings at 34 cents per share on revenue of $1.01 billion.
On Wednesday, FMC said Darren Dillenbeck, president, FMC&nbsp;U.S.A., has been elected vice president and president of FMC North America. The company also named Renato Guimar&atilde;es as vice president and president of FMC Latin America. UBS analyst Joshua Spector upgraded FMC from Neutral to Buy and raised the price target from $61 to $84.
<h3>Price Action:</h3>
<ul>
<li>Archer-Daniels-Midland shares gained 0.5% to settle at $61.31 on Wednesday.</li>
<li>Pacer US Cash Cows 100 ETF gained 1% on Wednesday.</li>
<li>FMC rose 4% to settle at $64.11 during Wednesday&rsquo;s session.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37863674/micron-accenture-and-3-stocks-to-watch-heading-into-thursday"> Micron, Accenture And 3 Stocks To Watch Heading Into Thursday </a>
Image made with Midjourney

FMC, Archer-Daniels-Midland And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Archer-Daniels-Midland And FMC

WIIM

FMC shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $61 to $84.

UBS analyst Joshua Spector upgrades FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) from Neutral to Buy and raises the price target from $61 to $84.

Upgrades

UBS Upgrades FMC to Buy, Raises Price Target to $84

In the latest quarter, 11 analysts provided ratings for FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $63.55, a high estimate of $80.00, and a low estimate of $55.00. This current average has decreased by 2.72% from the previous average price target of $65.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1710864030_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of FMC by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Kapsch</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$65.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Christopher Kapsch</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$59.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Joel Jackson</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$61.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Laurent Favre</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$56.00</td>
<td>-</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$76.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Christopher Parkinson</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steve Byrne</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$57.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Brian Wright</td>
<td>Roth MKM</td>
<td>Announces</td>
<td>Buy</td>
<td>$74.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to FMC. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of FMC compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for FMC's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of FMC's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FMC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on FMC analyst ratings.</a>
<h2>About FMC</h2>
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
<h3>Financial Milestones: FMC's Journey</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: FMC's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -29.34%. This indicates a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: FMC's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 95.58%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): FMC's ROE stands out, surpassing industry averages. With an impressive ROE of 28.45%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 9.57%, the company showcases effective utilization of assets.
Debt Management: FMC's debt-to-equity ratio stands notably higher than the industry average, reaching 0.93. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 11 Analyst Recommendations For FMC

Loop Capital analyst Christopher Kapsch maintains FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) with a Hold and raises the price target from $55 to $65.

Loop Capital Maintains Hold on FMC, Raises Price Target to $65

FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), a leading global agricultural sciences company, announced a collaboration in&nbsp;Canada&nbsp;with&nbsp;Novonesis (formerly Novozymes A/S), a leader in plant biosolutions. The agreement is part of FMC&#39;s strategic plan to grow its biologicals platform in key markets.
Beginning&nbsp;June 1, 2024, FMC Canada will be the exclusive distributor of&nbsp;Novonesis&#39; leading biosolution products, including proven brands like TagTeam&reg;, Optimize&reg;, JumpStart&reg;, BioniQ&reg;, Cell-Tech&reg;, and Nitragin&reg;, for the 2025 growing season. Additionally, the companies will utilize their respective R&amp;D capabilities to collaborate on the development of novel biological technology for Canadian farmers.&nbsp;

FMC Corp Expands Biologicals Crop Protection Platform in Canada

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Hilton Grand Vacations </h3>
<ul>
<li>The Trade: Hilton Grand Vacations Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hgv#NYSE">HGV</a>) Director Brenda J Bacon <a href="https://www.benzinga.com/quote/MWA/analyst-ratings"> acquired a total of 5,425 shares </a> an average price of $46.07. To acquire these shares, it cost around $249,945.</li>
<li>What&rsquo;s Happening: On Feb. 29, Hilton Grand Vacations posted upbeat quarterly earnings.</li>
<li>What Hilton Grand Vacations Does: Hilton Grand Vacations Inc is a timeshare company engaged in developing, marketing, selling, managing, and operating timeshare resorts, timeshare plans, and ancillary reservation services, under the Hilton Grand Vacations brand.</li>
</ul>
<h3>Motorcar Parts of America </h3>
<ul>
<li>The Trade: Motorcar Parts of America, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpaa#NASDAQ">MPAA</a>) Director David Bryan acquired a total of 1,200 shares at an average price of $9.09. To acquire these shares, it cost around $10,910.</li>
<li>What&rsquo;s Happening: On Feb. 9, Motorcar Parts of America posted downbeat quarterly results.</li>
<li>What Motorcar Parts of America Does: Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>FMC </h3>
<ul>
<li>The Trade: FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) EVP and CFO Andrew D Sandifer <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,150 shares </a> at an average price of $59.22. To acquire these shares, it cost around $127,323.</li>
<li>What&rsquo;s Happening: On March 1, Wolfe Research analyst Chris Parkinson initiated coverage on FMC with a Peer Perform rating.</li>
<li>What FMC Does: FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure.</li>
</ul>
<h3>Jackson Financial </h3>
<ul>
<li>The Trade: Jackson Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jxn#NYSE">JXN</a>) Director Derek G Kirkland <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 3,500 shares </a> at an average price of $55.67. The insider spent around $194,845 to buy those shares.</li>
<li>What&rsquo;s Happening: On March 1, Morgan Stanley analyst Nigel Dally maintained Jackson Finl with an Equal-Weight and raised the price target from $49 to $52.</li>
<li>What Jackson Financial Does: Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37502521/fear-greed-index-moves-to-greed-zone-dow-dips-over-400-points"> Fear &amp; Greed Index Moves To &#39;Greed&#39; Zone; Dow Dips Over 400 Points </a>

Insider Trades

MPAA

Insiders Buying FMC And 3 Other Stocks

A new SEC filing reveals that Andrew D Sandifer, EVP and CFO at FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), made a notable insider purchase on March 5,.
What Happened: Sandifer's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000037785/000112760224008318//Archives/edgar/data/37785/000112760224008318/0001127602-24-008318-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, involves purchasing 2,150 shares of FMC. The total transaction value is $127,323.
Monitoring the market, FMC's shares up by 0.34% at $59.0 during Tuesday's morning.
<h3>Discovering FMC: A Closer Look</h3>
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
<h3>FMC's Economic Impact: An Analysis</h3>
Negative Revenue Trend: Examining FMC's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -29.34% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 38.02%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): FMC's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 8.77.
</li>
</ul>
Debt Management: FMC's debt-to-equity ratio surpasses industry norms, standing at 0.93. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: FMC's P/E ratio of 5.2 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.65 is above industry norms, reflecting an elevated valuation for FMC's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 15.43, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Navigating the World of Insider Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000037785">Check Out The Full List Of FMC's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Confidence On Display: Andrew D Sandifer Acquires $127K In FMC Stock

11 analysts have shared their evaluations of FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $63.36, a high estimate of $80.00, and a low estimate of $55.00. Highlighting a 6.97% decrease, the current average has fallen from the previous average price target of $68.11. 
<img src="https://www.benzinga.com/files/images/story/2024/1709319644_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive FMC. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Kapsch</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$59.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Joel Jackson</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$61.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Laurent Favre</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$56.00</td>
<td>-</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$76.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Christopher Parkinson</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steve Byrne</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$57.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Brian Wright</td>
<td>Roth MKM</td>
<td>Announces</td>
<td>Buy</td>
<td>$74.00</td>
<td>-</td>
</tr>
<tr>
<td>Joel Jackson</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$63.00</td>
<td>$80.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to FMC. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of FMC compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of FMC's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of FMC's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FMC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on FMC analyst ratings.</a>
<h2>Delving into FMC's Background</h2>
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
<h3>Key Indicators: FMC's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: FMC's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -29.34%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: FMC's net margin is impressive, surpassing industry averages. With a net margin of 95.58%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): FMC's ROE excels beyond industry benchmarks, reaching 28.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 9.57%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 0.93, FMC faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: FMC Through The Eyes Of 11 Analysts

Wolfe Research analyst Chris Parkinson initiates coverage on FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) with a Peer Perform rating.

Initiation

Wolfe Research Initiates Coverage On FMC with Peer Perform Rating

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the basic materials sector:</h2>
<ol>
<li>Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) - P/E: 8.48</li>
<li>Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) - P/E: 7.46</li>
<li>Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) - P/E: 8.79</li>
<li>Sylvamo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLVM#NYSE">SLVM</a>) - P/E: 8.36</li>
<li>FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) - P/E: 4.57</li>
</ol>
Steel Dynamics has reported Q4 earnings per share at $2.61, which has decreased by 24.78% compared to Q3, which was 3.47. The company's most recent dividend yield sits at 1.52%, which has decreased by 0.09% from 1.61% last quarter. 
Alpha Metallurgical saw a decrease in earnings per share from 12.16 in Q2 to $6.65 now. Its most recent dividend yield is at 0.9%, which has decreased by 0.25% from 1.15% in the previous quarter.
Albemarle saw a decrease in earnings per share from 2.74 in Q3 to $1.85 now. Most recently, the company reported a dividend yield of 1.15%, which has increased by 0.48% from last quarter's yield of 0.67%.
Sylvamo has reported Q4 earnings per share at $1.16, which has decreased by 31.76% compared to Q3, which was 1.7. Most recently, the company reported a dividend yield of 2.39%, which has decreased by 0.46% from last quarter's yield of 2.85%.
FMC has reported Q4 earnings per share at $1.07, which has increased by 143.18% compared to Q3, which was 0.44. Most recently, the company reported a dividend yield of 3.85%, which has increased by 1.42% from last quarter's yield of 2.43%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

SLVM

STLD

5 Value Stocks To Watch In The Basic Materials Sector

David Tepper&#8217;s Appaloosa Management navigated dynamic market conditions in the fourth quarter of 2023. Strategic moves by the hedge fund included entering new positions, boosting select tech holdings, reducing exposure to semiconductor stocks and making key exits. 
Tepper&#8217;s decisions provide a glimpse into his outlook and positioning for the first quarter of 2024, given diverse market trends.
<h2 class="wp-block-heading">New Positions: Oracle, ARK Innovation ETF</h2>
Appaloosa Management initiated substantial new positions, with the standout entries being in Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The fund purchased 1.3 million shares of Oracle, valued at approximately $140 million, and secured a call option for nearly 2.6 million shares in the ARK Innovation ETF worth more than $133 million. Other notable entries included FMC Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).
<h2 class="wp-block-heading">Tech Sector Adjustments &amp; Expansion in Home Improvement, Construction</h2>
Tepper&#8217;s fund reduced its exposure to semiconductor stocks such as Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
At the same time, it boosted positions in other tech giants, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>). The fourth quarter filing showcased a calculated shift in the tech sector holdings, aligning with evolving market dynamics.
Appaloosa Management also diversified its portfolio by entering positions in the home improvement, construction, and building materials sectors. Notable additions included Masco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>), Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>), and Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), signaling the fund&#8217;s strategic interest in these industries.
<h2 class="wp-block-heading">Caesars Entertainment Stake Increase And Other Select Boosts and Exits</h2>
Appaloosa Management increased its positions in Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) by adding 725,000 new shares to its portfolio. The move emphasizes Tepper&#8217;s confidence in the gaming industry, where Caesars holds a prominent position, particularly in the mobile wagering arena.
Appaloosa Management also added midstream oil company MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) and tech stalwarts, including Alibaba, Amazon and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). 
Notably, Appaloosa Management exited positions entirely in Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) and Enterprise Products Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
Also Read: <a href="https://www.benzinga.com/startups/23/10/35267489/the-elite-billionaires-of-sports-ownership-meet-the-top-10-richest-team-owners">The Elite Billionaires of Sports Ownership: Meet The Top 10 Richest Team Owners</a>
Appaloosa Management&#8217;s fourth-quarter portfolio changes reflect a nuanced approach to navigating market shifts. The fund&#8217;s entry into new sectors, adjustments in the tech landscape, and strategic exits demonstrate Tepper&#8217;s proactive stance. As the market continues to evolve, investors will closely watch Appaloosa&#8217;s moves for insights into Tepper&#8217;s outlook and tactical positioning.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36660992/if-you-invested-1-000-in-this-ai-stock-when-david-teppers-appaloosa-first-entered-y">If You Invested $1,000 In This AI Stock When David Tepper&#8217;s Appaloosa First Entered, You&#8217;d Have Over 3X Your Money Today</a>

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