See Why this Hot Agriculture Stock is Getting Drop Kicked Now
Every stock related to Agriculture (NYSE:RJA) has been on fire — until now. Global conglomerate Monsanto (NYSE:MON) missed Wall Street’s earnings expectations for revenues of $4.15 billion. The company delivered revenues of $4.13 billion and earnings per share of $1.87 — which beat analyst expectations by $0.03.
Unfortunately, when stocks are priced to perfection and darlings of the market, even the smallest issue can cause a selloff. At the moment, shares of Monsanto (NYSE:MON) are trading down over 4%. Shares of the Market Vectors Agribusiness ETF (NYSE:MOO) are also down.
The selloff in Monsanto may create interesting buying opportunities in other agribusiness stocks which are simply trading down in sympathy. We recommend doing further research on some strong companies including Deere & Company (NYSE:DE), The Mosaic Company (NYSE:MOS), Potash Corp./Saskatchewan (NYSE:POT), and AGCO Corporation (NYSE:AGCO).