5 Reasons This Agriculture Stock Is Unstoppable After Earnings
It's no secret that the market is stressing about economic growth prospects right now. Investors are also worrying about surging inflation and supply chain difficulties making it hard for companies trying to source products/components to execute on their backlog. It's a difficult environment and investors need to prepare for the possibility of a slew of earnings downgrades in the coming earnings season. In this context, it makes sense to look at stock in an agriscience company like Corteva (NYSE: CTVA).
Rising rates choking consumer demand, high inflation eating into costs, supply chain shortages -- this seed and crop protection company is not completely immune from these challenges. In fact, it had $200 million in input and logistics cost headwinds in the second quarter. However, based on its first-quarter earnings, Corteva is better placed than most to deal with these pressures.
Here's why its recent earnings helped confirm it as a good option in the current environment.
Source Fool.com
