Stocks are weak this morning after dropping from record highs in yesterday’s session. All three benchmarks are under pressure with the Nasdaq leading the drop the rotation out of tech from yesterday continues.
Coronavirus cases are rising across the country as what some consider a result of Thanksgiving gatherings. State and local governments continue to tighten restrictions in an attempt to slow the spread.
Today we’re highlighting one company that is poised to benefit as more Americans avoid unnecessary social and public contact, and prepare for the holidays at home.
Food-related companies seem like a no brainer during the pandemic. No matter who you are or how much money you have, you need sustenance. However, things didn’t turn out that way the first time around. While companies like Kroger (KR) and Costco (COST) performed well, individual food stocks left much to be desired. Consider Archer Daniels Midland (ADM) stock.
Archer Daniels focuses on food processing and ingredients. They provide the solutions and components that all food manufacturers need to take their products to market. With ADM stock, you’re not banking on any one name, but rather, the industry.
Moreover, Archer Daniels is particularly intriguing for those interested in plant-based meat companies but who don’t want to risk the volatility of buying Beyond Meat (BYND). With ADM, you get exposure to the space but potentially mitigate the wildness.
As a bonus, an investment in ADM also means you are investing in an environmentally and socially conscious firm. Archer Daniels is a highly rated member of the S&P ESG Index. Based on 8 analyst recommendations, 7 rate the stock Strong Buy, 1 Hold and no Sell ratings.
Where to invest $1,000 right now...
Before you consider buying Archer Daniels, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Archer Daniels.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
