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Archer Daniels Midland's (ADM) stock has been in an incremental, minor uptrend since May 2009, hence plenty of upside remains, and that's one reason I'm reiterating my buy rating for the company's shares, first recommended on March 25, 2009 at a price of $28.78.

The major reason for the ADM Buy recommendation is the development of emerging markets.The global recession has weighed on ADM's results, but long-term the company remains well-positioned to capitalize on the development of emerging markets, and population growth, which will increase demand for food. Oilseed performance will be a star performer, followed by agricultural services. Further, margins should increase in FY2010 and FY2011. The First Call FY2010/FY2011 EPS estimates for ADM are $2.80 to $2.90. That $2.90 FY2011 EPS estimate will likely prove to be low.

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ADM In Uptrend originally appeared on BloggingStocks on Tue, 12 Jan 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>agriculture stocksAgricultureStocksoilseedrecessionTue, 12 Jan 2010 17:00:00 EST<![CDATA[ADM: When in doubt, go with those that have clout]]>http://www.bloggingstocks.com/2009/07/22/adm-when-in-doubt-go-with-those-that-have-clout/http://www.bloggingstocks.com/2009/07/22/adm-when-in-doubt-go-with-those-that-have-clout/http://www.bloggingstocks.com/2009/07/22/adm-when-in-doubt-go-with-those-that-have-clout/#commentsFiled under: ,

If you missed the earlier entry point for Archer Daniels Midland, you're in luck: the stock has been testing $30 resistance for about six months. But that resistance won't hold forever.

Hence, I'm Reiterating my Buy rating for Archer Daniels Midland (NYSE: ADM), first recommended on March 25, 2009 at a price of $28.78.

Continue reading ADM: When in doubt, go with those that have clout

ADM: When in doubt, go with those that have clout originally appeared on BloggingStocks on Wed, 22 Jul 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>admagricultural servicesAgriculturalServicesfood processingFoodProcessingoilseedWed, 22 Jul 2009 18:00:00 EST