DD - DuPont de Nemours Deserves Consideration In Smaller Portfolios
2024-04-09 23:37:37 ET
Summary
- DuPont's stock is currently rated as a Hold due to volatility, insider selling, and flat revenue and earnings forecasts.
- The stock price is influenced by company incentives and U.S. industrial production, which remains out of recessionary territory.
- DD's valuation metrics need improvement for a potential Buy rating, but the company shows stability in the face of industry headwinds.
As America Goes, So Goes DuPont
We remain bullish on the American economy, and particularly on basic industries. America's GDP is doing better than that of other major countries. We believe GDP and industrial production will be mild-to-strong the next couple of years, as long as unemployment hovers at 4% or less. DuPont de Nemours, Inc. ( DD ) is typical of the American industrial base. We assess the stock as a Hold opportunity for reasons we find compelling. DuPont can become a Buy opportunity when the price slips again into the $65 range from $76.78 where it closed recently. That can require some investor patience....
DuPont de Nemours Deserves Consideration In Smaller Portfolios