CTVA - 3 Top Industrial Stocks to Buy in November
These three stocks crushed the market in 2022. All are in positive territory compared to the S&P 500 's 21% decline, and I think they have room to run. Here's why agricultural science company Corteva (NYSE: CTVA) , advanced materials specialist Hexcel (NYSE: HXL) , and electrical products producer nVent Electric (NYSE: NVT) are suitable investments today.
Seed and crop protection company Corteva is finally realizing its potential. Created out of the DowDuPont merger in 2017 and then separated as a stand-alone company in 2019, the company combined DuPont 's (NYSE: DD) expertise in seeds with Dow 's (NYSE: DOW) crop science business in one entity. Unfortunately, it's taken a few years and the involvement of an activist hedge fund, Starboard Value, for the benefits of the merger to come to fruition.
But Corteva is now firmly on the path of expanding its sales and profit margin. It's using a combination of cost synergies, focusing on its core end-market geographies, cutting royalty payments by selling relatively more products using its technology (led by plans to gain 60% market share of U.S. soybean acres with its Enlist soybeans), and its new higher-margin products.
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3 Top Industrial Stocks to Buy in November