Archer Daniels Midland (ADM) is a stock I want you to keep an eye on as we head into summer. This company procures, transports, stores, processes, and merchandises agricultural commodities and products. It’s one of the largest agricultural companies in the world, with locations in 140 countries around the globe.
Business has been pretty good for the company as earnings are up over 90% in the past year. In fact, ADM’s fundamentals earn a grade of “B” — but the quantitative grade is lagging as institutions avoid anything commodity-related right now. That situation will change if the company continues to deliver solid revenue and earnings gains.
Watch for the stock to be upgraded from a “hold” to a “buy” and jump in when it happens. Wait for the upgrade!