With the overall surge in the broader equity indices last year, you might think that cheap blue-chip stocks would be difficult to find. To be sure, it ain’t easy. Still, with thousands of publicly traded securities available, it’s practically inevitable that some ideas – even the stalwarts – will fall by the wayside.And it’s here where you can pick up discount blue-chip stocks. For example, while seemingly everyone is focused on the latest technology plays, several traditional enterprises with relevant and ...

Photographer: Michael Nagle/Bloomberg© 2024 Bloomberg Finance LPThe market may have topped sooner than projected. The 15th was seen as a high but the indices have turned weaker earlier than expected. In either event, it is not wise to assume new long positions at this time. There may be a low in the latter half of the month. The monthly S&P cycle still points to a late March low. Let us consider some short sales. One begins by seeking stocks with weak relative strength and bearish seasonality.Starbucks rela ...

The most recent trading session ended with Archer Daniels Midland (ADM) standing at $73.13, reflecting a +0.51% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.8%. Meanwhile, the Dow experienced a drop of 0.76%, and the technology-dominated Nasdaq saw a decrease of 1.18%.The agribusiness giant's shares have seen a decrease of 1.86% over the last month, not keeping up with the Consumer Staples sector's gain of 2.53% and the S&P 500's gain of 3.4%.Analysts and ...

While investors might be tempted to ride the biggest winners of last year, shifting sands may provide a superior outlook for comeback stocks. Just what am I talking about? These are securities that are currently trading no higher than 10% of their 52-week lows. At the same time, they (at time of writing) feature a consensus view of at least moderate buy.Put another way, we’re not talking about garbage ideas that will likely fall lower still. Rather, Wall Street experts have tagged these enterprises as featu ...

After such an incredible year for the stock market in 2023, investors will certainly be looking for buy-the-dip candidates as a market pullback is to be expected at some point.In this regard, a few agriculture stocks are attractive as they look poised to move higher even as a potential correction for the broader market looms. With that being said, let’s check out the opportunity in two pleasantly intriguing Zacks Agriculture-Operations Industry stocks.Dole (DOLE)Boasting a Zacks Rank #1 (Strong Buy) Dole’s ...

Archer Daniels Midland Company (ADM) has been benefitting from significant progress on its three strategic pillars — optimize, drive and growth. Additionally, the company is actively managing productivity and innovation, as well as aligning work to the interconnected trends in food security, health and wellbeing. Hence, ADM is well-poised for sustainable long-term profit growth across new avenues.Going forward, the company predicts steady demand and margins for starches, sweeteners and wheat flower products ...

Dilok Klaisataporn Time to enter the new year in style! We love dividend increases because your passive income grows without lifting a finger. We are watching the news every single day to see what stocks announced a dividend increase to determine if our income grew! In this article, we are going to feature 6 expected dividend increases in January 2024. You can bet that we will be tweeting out when each of these 6 increases happens. Why Dividend Increases Matter Dividends are the foundation of our goal t ...

As the curtain closed on 2023 with most stocks rallying, fueled by the anticipation of a potential Federal Reserve interest rate cut, investors are eagerly eyeing the opportunities that 2024 might bring. Notably, the past year witnessed an improved performance across various stocks, with many rebounding from losses incurred in 2022.To uncover hidden gems in the market, Finbold turned to OpenAI’s generative artificial intelligence (AI) tool, ChatGPT, to identify a select few stocks that are undervalued despi ...

tadamichi The stock market is now on fire! What a difference a few months makes. The stock market is at or near all-time highs and it’s all about time in the market vs. timing the market. Therefore, it’s difficult to find undervalued dividend stocks right now, due to the market surging over 25% this year. However, you know the Dividend Diplomats never back down from finding undervalued dividend growth stocks! Let’s dive into three dividend stocks on my watch list right now! Dividend Stock Watch List Div ...

Financial Performance - Net earnings attributable to controlling interests decreased by $0.2 billion from $1.0 billion to $0.8 billion in Q3 2023 compared to Q3 2022[170] - Segment operating profit decreased by $0.1 billion from $1.6 billion to $1.4 billion in Q3 2023, including a net charge of $71 million[170] - Adjusted segment operating profit (non-GAAP) decreased by $0.1 billion to $1.5 billion in Q3 2023, primarily due to lower results in Wilmar, Crushing, Ag Services, and Nutrition[170] - Revenues decreased by $3.0 billion to $21.7 billion, driven by lower sales prices ($4.2 billion), partially offset by higher sales volumes ($1.2 billion)[175] - Ag Services and Oilseeds revenues decreased 14% to $16.5 billion due to lower sales prices ($4.3 billion), partially offset by higher sales volumes ($1.6 billion)[175] - Carbohydrate Solutions revenues decreased 7% to $3.3 billion due to lower sales volumes ($0.2 billion)[175] - Nutrition revenues decreased 4% to $1.8 billion due to lower sales volumes ($0.2 billion), partially offset by higher sales prices ($0.1 billion)[175] - Gross profit remained unchanged at $1.8 billion, with higher results in Carbohydrate Solutions ($139 million) and Refined Products and Other ($34 million) offset by lower results in Ag Services ($71 million), Human Nutrition ($63 million), and Crushing ($55 million)[176] - Ag Services and Oilseeds operating profit decreased 21%, with Crushing results lower than the prior-year's record third quarter[184] - Carbohydrate Solutions operating profit increased 49%, driven by higher margins in Starches and Sweeteners and robust demand for ethanol[185] - Nutrition operating profit decreased 22%, with Human Nutrition results lower due to weaker demand for plant-based proteins and unplanned downtime[186] - Other Business operating profit increased $28 million, driven by higher net interest income in ADM Investor Services[187] - Corporate results showed a net charge of $390 million, up from $329 million in the prior-year quarter, primarily due to increased short-term interest rates and higher IT costs[188] - Adjusted EPS for Q3 2023 was $1.63, compared to $1.86 in Q3 2022, reflecting a decrease of $0.23 per share[194] - Adjusted EBITDA for Q3 2023 was $1.491 billion, down $148 million from $1.639 billion in Q3 2022[196] - Ag Services and Oilseeds segment revenue decreased by 7% to $54.9 billion in the nine months ended September 30, 2023, driven by lower sales prices[207] - Carbohydrate Solutions revenue decreased by 4% to $10.2 billion in the nine months ended September 30, 2023, due to lower sales volumes and prices[207] - Nutrition revenue decreased by 5% to $5.5 billion in the nine months ended September 30, 2023, primarily due to lower sales volumes[207] - Net earnings attributable to controlling interests decreased by $0.4 billion to $2.9 billion in the nine months ended September 30, 2023[200] - Adjusted EBITDA decreased by $264 million to $4.882 billion, with Ag Services and Oilseeds contributing $3.380 billion, down $89 million year-over-year[229][230] - Adjusted EPS for the nine months ended September 30, 2023, was $5.62, compared to $5.91 in the prior year, reflecting a decrease of $0.29 per share[227] Operational Metrics - Oilseeds processed volumes increased by 960 thousand metric tons to 8,648 thousand metric tons in Q3 2023 compared to Q3 2022[172] - Corn processed volumes increased by 126 thousand metric tons to 4,507 thousand metric tons in Q3 2023 compared to Q3 2022[172] - Processed oilseeds volumes increased by 1.671 million metric tons to 26.058 million metric tons in the nine months ended September 30, 2023[203] - Corn processed volumes decreased by 620,000 metric tons to 13.349 million metric tons in the nine months ended September 30, 2023[203] Sustainability and Environmental Initiatives - The company aims to expand its re:generations™ regenerative agriculture program to cover 2 million acres in 2023 and 4 million acres globally by 2025[155] - ADM plans to reduce absolute Scope 1 and 2 greenhouse gas emissions by 25% and Scope 3 emissions by 25% from a 2019 baseline by 2035[160] - The company achieved full traceability of its soy supply chains in Brazil, Paraguay, and Argentina in 2022 and aims to eliminate deforestation from all supply chains by 2025[159] Legal and Regulatory Matters - The company is facing multiple class action lawsuits alleging manipulation of ethanol benchmark prices, with potential damages estimated between $500 million to over $2.0 billion[253] - The company denies liability and is vigorously defending itself in these legal actions, but cannot predict the final outcome with certainty[253] - The company is not currently a party to any legal proceeding or environmental claim that would have a material adverse effect on its financial position[254] - The company operates globally in over 190 countries and is subject to numerous laws and regulations, including the OECD's Pillar Two initiative introducing a 15% global minimum tax effective January 1, 2024[256] Financial Position and Capital Allocation - The effective tax rate for Q3 2023 increased to 20.1% from 15.7% in Q3 2022, primarily due to changes in the geographic mix of forecasted pretax earnings[170] - Cost of products sold decreased by $4.6 billion to $65.2 billion in the nine months ended September 30, 2023, due to lower average commodity costs[208] - Selling, general, and administrative expenses increased by $0.1 billion to $2.5 billion in the nine months ended September 30, 2023, driven by higher salaries and benefit costs[209] - Other income-net decreased by $67 million to $116 million, primarily due to the absence of a $50 million payment from the USDA Biofuel Producer Recovery Program in the prior period[212] - Ag Services and Oilseeds operating profit decreased by 3%, with a $48 million insurance settlement related to Hurricane Ida damages in the current period[217] - Carbohydrate Solutions operating profit decreased by 6%, impacted by unplanned downtime at a corn germ plant and the absence of a $50 million USDA payment in the prior period[218] - Nutrition operating profit decreased by 23%, driven by lower demand for plant-based proteins and inventory adjustments in Specialty Ingredients[219] - Other Business operating profit increased by $151 million, driven by higher net interest income and improved captive insurance results[220] - Corporate results showed a net charge of $1.1 billion, with interest expense-net increasing by $87 million due to higher short-term rates and new debt issuances[223] - Cash provided by operating activities was $1.9 billion for the nine months ended September 30, 2023, compared to $3.3 billion for the same period last year[234] - Working capital changes decreased cash by $1.9 billion for the nine months ended September 30, 2023, compared to a decrease of $1.3 billion for the same period last year[234] - Inventories decreased by $3.5 billion due to lower inventory volumes and prices[234] - Capital expenditures for the nine months ended September 30, 2023, were $1.1 billion compared to $0.8 billion for the same period last year[235] - Long-term debt borrowings for the nine months ended September 30, 2023, were $0.5 billion compared to $0.8 billion for the same period last year[236] - The Company had $1.5 billion of cash and cash equivalents and a current ratio of 1.7 to 1 as of September 30, 2023[237] - The Company's ratio of long-term debt to total capital was 25% at September 30, 2023, compared to 24% at December 31, 2022[237] - The Company expects total capital expenditures of approximately $1.5 billion in 2023, with additional cash outlays of $1.0 billion in dividends and $2.0 billion in opportunistic share repurchases[240] - The Company's purchase obligations as of September 30, 2023, were $16.5 billion, an increase from $15.8 billion at December 31, 2022[241] - The Company has total available liquidity of $13.2 billion as of September 30, 2023, comprised of cash and cash equivalents and unused lines of credit[239] - The company repurchased 1,570,366 shares during the quarter ended September 30, 2023, at an average price of $81.229 per share[259] - The company's Board of Directors approved the extension of the stock repurchase program through December 31, 2024, authorizing the repurchase of up to an additional 100,000,000 shares[260] Geographic and Market Exposure - ADM's Ukraine and Russian operations historically represent less than 0.2% of consolidated revenues, with current assets in Ukraine being less than 1% of total current assets[166][167]