Zacks' Voice of the People Highlights user inthemoneystocks: "Overbought Ag Stocks Stay Hot" from the People & Picks community.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Overbought Ag Stocks Stay Hot
Fear that food is becoming a rare luxury is sweeping the globe. Between floods, droughts and overpopulation, agriculture stocks are the hottest thing since the Dot.com bubble. There are so many factors involved here.
First, you have inflationary concerns as the Federal Reserve and most countries are printing massive amounts of money. This naturally drives up the price of food. Then you have floods, fires, droughts and over population. Emerging countries like China and India are having to squeeze every last bit of grain from each acre.
This seems like an amazing bullish case for stocks like Potash Corp. (POT), Monsanto Company (MON) and The Mosaic Company (MOS) and in the long term it probably is. However, these stocks have soared to insane levels in the short term.
In addition, grain prices have moved sharply higher, causing farmers to plant more. This increases supply and in the short/mid term should bring prices back in check slightly.
A smart investor would not go near these stocks until they have a solid pull back and correction. A good example would be Monsanto. In October, Monsanto was trading at $47.07. As of today, it hit a high of $75.09. That is a surge of 60% in just three months. A pull back will come in the next month, be patient and be ready to pounce. A retrace to $63.00 would begin to look attractive.
Always remember, the disciplined trader and investor make money. The wild, chasing trader and investor, becomes the bag holder.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
MONSANTO CO-NEW (MON): Free Stock Analysis Report
MOSAIC CO/THE (MOS): Free Stock Analysis Report
POTASH SASK (POT): Free Stock Analysis Report
Zacks Investment Research
Market News and Data brought to you by Benzinga APIsFor more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Overbought Ag Stocks Stay Hot
Fear that food is becoming a rare luxury is sweeping the globe. Between floods, droughts and overpopulation, agriculture stocks are the hottest thing since the Dot.com bubble. There are so many factors involved here.
First, you have inflationary concerns as the Federal Reserve and most countries are printing massive amounts of money. This naturally drives up the price of food. Then you have floods, fires, droughts and over population. Emerging countries like China and India are having to squeeze every last bit of grain from each acre.
This seems like an amazing bullish case for stocks like Potash Corp. (POT), Monsanto Company (MON) and The Mosaic Company (MOS) and in the long term it probably is. However, these stocks have soared to insane levels in the short term.
In addition, grain prices have moved sharply higher, causing farmers to plant more. This increases supply and in the short/mid term should bring prices back in check slightly.
A smart investor would not go near these stocks until they have a solid pull back and correction. A good example would be Monsanto. In October, Monsanto was trading at $47.07. As of today, it hit a high of $75.09. That is a surge of 60% in just three months. A pull back will come in the next month, be patient and be ready to pounce. A retrace to $63.00 would begin to look attractive.
Always remember, the disciplined trader and investor make money. The wild, chasing trader and investor, becomes the bag holder.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
MONSANTO CO-NEW (MON): Free Stock Analysis Report
MOSAIC CO/THE (MOS): Free Stock Analysis Report
POTASH SASK (POT): Free Stock Analysis Report
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
