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3 Agriculture Stocks to Help Feed Your Portfolio in 2023

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Food prices soared last year at unprecedented levels due to geopolitical unrest and high material costs. Despite uncertainties, the U.S. agriculture industry’s future looks promising with lucrative government investments. Amid this backdrop, quality agriculture stocks Archer-Daniels-Midland (ADM), Nutrien (NTR), and CF Industries (CF) might be solid buys to help feed your portfolio in 2023. Read on….


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The agriculture industry faced headwinds from record food prices in 2022. Although interest rate hikes have somewhat eased price pressures, the Russia-Ukraine war, supply tensions, and material costs could keep food prices high.

Given the volatile economic environment, USDA announced major program improvements, progress, and investments to support the agriculture sector and benefit American farmers, ranchers, and producers.

Agriculture Secretary Tom Vilsack, at a recent Farm Bureau convention, said, “Working together we can ensure American agriculture is as resilient as ever and will do so by implementing a holistic approach to emergency assistance, by lowering input costs through investments in domestic fertilizer production, and by promoting competition in agricultural markets.”

The U.S. agribusiness market is expected to grow 2.1% between 2018 and 2023 to reach $2.9 trillion. Moreover, despite high prices, the market is expected to grow marginally this year.

Furthermore, an increase in the global population is expected to trigger the need for improved agricultural production, ultimately creating a long-term demand for agricultural produce. Moreover, agriculture stocks are usually less volatile than the broader market due to stable demand.

Against this backdrop, it might be wise to add fundamentally strong agriculture stocks Archer-Daniels-Midland Company (ADM), Nutrien Ltd. (NTR), and CF Industries Holdings, Inc. (CF) now to garner good returns in 2023.

Archer-Daniels-Midland Company (ADM)

ADM procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients worldwide. The company operates through three segments: Ag Services and Oilseeds; Carbohydrate Solutions; and Nutrition.

On November 2, 2022, ADM’s board of directors declared a cash dividend of 40 cents per share on its common stock, which was payable to shareholders on December 7, 2022. This marked ADM’s 364th consecutive quarterly payment and a record of 91 years of uninterrupted dividends, reflecting the company’s shareholder return ability.

On September 14, ADM and PepsiCo, Inc. (PEP) announced a 7.5-year strategic commercial agreement to collaborate on projects that aim to expand regenerative agriculture. The partnership is expected to reach up to 2 million acres by 2030. Moreover, reaching the partnership’s goals could eliminate 1.4 million metric tons of greenhouse gases. This should benefit ADM.

ADM’s trailing-12-month ROCE of 17.85% is 68.6% higher than the 10.59% industry average. Likewise, its trailing-12-month ROTA of 7.04% is 94.4% higher than the industry average of 3.62%.

For the fiscal third quarter that ended September 30, 2022, ADM’s revenues increased 21.4% year-over-year to $24.68 billion. Its adjusted net earnings increased 91.2% year-over-year to $1.05 billion. Additionally, its adjusted EPS came in at $1.86, representing a 91.8% increase from the prior-year quarter.

ADM’s revenue for the fiscal first quarter ending March 2023 is expected to increase 3.5% year-over-year to $24.47 billion. Street expects its EPS to come in at $1.70. It surpassed the consensus EPS and revenue estimates in each of the trailing four quarters, which is impressive.

The stock has gained 15.6% over the past six months to close the last trading session at $85.31. It has gained marginally intraday.

ADM’s strong fundamentals are reflected in its POWR Ratings. It has an overall A rating, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

It has an A grade for Growth and a B for Sentiment. It is ranked #2 out of 28 stocks in the Agriculture industry.

Click here to see the additional ADM ratings for Value, Momentum, Stability, and Quality.

Nutrien Ltd. (NTR)

Headquartered in Saskatoon, Canada, NTR is a crop inputs, services, and solutions provider, offering potash, nitrogen, phosphate, sulfate products, and financial solutions. In addition, it also distributes crop nutrients, crop protection products, seeds, and merchandise products.

On November 7, 2022, NTR announced the pricing of $500 million aggregate principal amount of 5.9% senior notes due November 7, 2024, and $500 million aggregate principal amount of 5.95% senior notes due November 7, 2025. NTR intends to use the net proceeds from this offering to reduce outstanding indebtedness under its short-term credit facilities, to finance working capital, and for general corporate purposes.

On November 3, NTR declared a quarterly dividend of $0.48 per share, paid to shareholders on January 13, 2023. This reflects the company’s strong cash generation ability.

NTR’s sales came in at $8.19 billion for the third quarter (ended September 30, 2022), up 35.9% year-over-year. Its net earnings increased 118% year-over-year to $1.58 billion. Moreover, the company’s adjusted net earnings per share increased 81.9% year-over-year to $2.51.

For the full-year 2022, the company expects its adjusted EBITDA to come between $12.20 billion and $13.20 billion. Adjusted net earnings per share is expected to come between $13.25 and $14.50 for the year.

Analysts expect NTR’s revenue to increase 7% year-over-year to $7.56 billion in the fourth fiscal quarter (ended December 2022). Its EPS is estimated to increase 8.3% year-over-year to $2.68 for the same quarter.

Over the past month, the stock has gained 4.6% to close the last trading session at $76.23. Moreover, it has gained 1.4% over the past five days.

NTR’s POWR Ratings reflect this promising outlook. The company has an overall rating of B, which translates to Buy in our proprietary rating system.

NTR has a B grade for Value and Quality. Within the same industry, it is ranked #6.

To see the additional POWR Ratings for Growth, Stability, Momentum, and Sentiment for NTR, click here

CF Industries Holdings, Inc. (CF)

CF produces and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. The company mainly serves cooperatives, independent fertilizer distributors, traders, wholesalers, and industrial users.

On January 17, CF announced that it had signed a memorandum of understanding (MOU) with JERA Co., Inc., a Japanese energy generator, regarding the supply of up to 500,000 metric tonnes per year of clean ammonia beginning in 2027.

In addition, CF is constructing North America’s first commercial-scale green ammonia capacity at its Donaldsonville Complex, enabling up to 20,000 tons of green ammonia production beginning in 2024.

On October 12, 2022, it was announced that CF had entered into a commercial agreement with Exxon Mobil Corporation (XOM) to capture and permanently store up to two million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana. This should support CF’s decarbonization goals.

On the same day, CF declared a $0.40 per share dividend on its common stock, paid to shareholders on November 30, 2022. This reflects on the company’s ability to pay back its shareholders.

For the fiscal third quarter that ended September 30, CF’s net sales came in at $2.32 billion, up 70.4% year-over-year. Its net earnings attributable to common stockholders increased 336.8% from the prior-year period to $438 million. Adjusted EBITDA increased 101.4% from the same period the prior year to $983 million.

For the year ended December 2022, Street expects CF’s revenue to increase 74% year-over-year to $11.37 billion. Its EPS is estimated to increase 181.7% year-over-year to $18.02 for the same period.

Over the past year, the stock has gained 27.6% to close the last trading session at $85.39. It has gained 0.9% intraday.

It’s no surprise that CF has an overall B rating, equating to Buy in our POWR Ratings system. It has an A grade in Quality and B for Value. It is ranked #7 within the same industry.

Click here to access additional ratings of CF (Growth, Momentum, Sentiment, and Stability).


ADM shares were unchanged in premarket trading Friday. Year-to-date, ADM has declined -8.12%, versus a 1.62% rise in the benchmark S&P 500 index during the same period.


About the Author: Sristi Suman Jayaswal

The stock market dynamics sparked Sristi’s interest during her school days, which led her to become a financial journalist. Investing in undervalued stocks with solid long-term growth prospects is her preferred strategy.

Having earned a master’s degree in Accounting and Finance, Sristi hopes to deepen her investment research experience and better guide investors.

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Layoffs Abound, But These Major Companies Are Still Hiring

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This year started off with massive layoffs — from Big Tech to real estate and beyond.

But it’s not all bad news.

Though many industries continue to brace for more job cuts, some of the most well-known companies are still hiring, per Insider.

Related: These Are the 2 Reasons Apple Has Avoided Mass Layoffs So Far

Economists remain optimistic about the 2023 job market, CNBC reported, noting that blue-collar workers may have more job security than white-collar employees. ZipRecruiter chief economist Julia Pollak told CNBC that despite headlines about mass layoffs, many companies “are starved for talent and leaving money on the table because they can’t run at full capacity.”

Related: Layoffs Affecting 1,600 Tech Workers a Day on Average in 2023

See Insider’s full list of hiring companies and the number of jobs they’re looking to fill below.

Chipotle: 15,000 jobs

Boeing: 10,000 jobs

United Airlines: 2,500 jobs

Airbus: 13,000 jobs

Alaska Airlines: 3,500 jobs

Bloomberg: 1,000 jobs

Moderna: 2,000 jobs

Palantir Technologies: A few hundred jobs

Binance: 15%-30% workforce increase

Hudson Tunnel Project: 72,000 jobs

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6 Ways to Celebrate Black History Month beyond February

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Opinions expressed by Entrepreneur contributors are their own.

Celebrating Black History Month is a great way to honor the significant contributions African Americans have made throughout history. However, to create a truly equitable workplace and ensure that our employees feel seen, heard and valued daily, it’s essential to recognize Black history as an integral part of American history throughout the year.

Research shows that workplace diversity positively impacts employee engagement and productivity. In other words, creating an environment of inclusivity for all employees isn’t just the right thing to do, but it also makes good business sense. An authentic celebration of Black heritage throughout the year can help companies foster understanding and empathy among coworkers from different backgrounds. Such a celebration also allows employees to learn more about their colleagues’ experiences, promoting a deeper sense of community and understanding.

Related: It’s Black History Month. Here’s How to Show Black Employees You Care.

By recognizing Black history all year long, companies can show their employees they care while demonstrating a commitment to creating an environment where everyone feels seen, heard, valued and respected. Celebrating Black culture is one way to ensure all employees feel included in the workplace, no matter what month it is.

Here are six ways to be a better ally and celebrate Black History Month beyond February:

1. Celebrate authentic Black history and culture

Make sure that all employees have access to accurate and current information about the African-American experience and contributions throughout history. Encourage employees to learn more about the accomplishments of African Americans in a variety of fields — from science and engineering to art, music and literature.

How to implement it: Provide employees with a list of books, movies and articles by African Americans that tell the stories of African Americans throughout history. As opposed to non-African Americans telling the stories about African Americans (which has been the norm for too long).

Related: Be Intentional About Diversity

2. Plan authentic events

Celebrate Black History Month by planning events that make meaningful connections to the African-American experience. Invite guest speakers to share their unique perspectives on Black success stories and create opportunities for employees to engage in dialogue about important topics such as race, identity and inclusion.

How to implement it: Engage in an open dialogue with employees about the types of events they would like to participate in, such as movie screenings, group discussions and panel talks. Use their input to plan engaging activities focusing on Black culture and history.

Related: Here’s the No. 1 Question White Leaders Ask Me About Black History Month

3. Show authentic support

Show employees that their contributions are seen and valued by celebrating their success throughout the year. From recognition awards to career advancement opportunities, ensure you’re actively engaging with all of your employees so they know their work is appreciated.

How to implement it: Highlight employee achievements in company newsletters and recognize them at team meetings. These small gestures can go a long way in making your workplace more inclusive for everyone!

4. Host educational events

Consider hosting educational events such as lectures, workshops and brown bag lunches that focus on learning more about the roots of Black history in America. Provide professional development resources and opportunities for employees to engage in meaningful conversations around race, culture, and inclusion.

How to implement it: Invite experts in the fields of African American studies or Civil Rights to speak to employees about the history and legacy of Black people in America.

5. Incorporate inclusive resources into training

Include inclusive language, images, historical facts, etc., into all existing workplace diversity curriculums and training materials. Such a universal approach will help employees become more aware of the impact that race, gender and ethnicity have on daily workplace interactions.

How to implement it: Incorporate examples from Black history into existing diversity training materials such as videos, readings, and case studies. Ask employees for feedback about which resources would be most useful for learning more about Black history and culture.

6. Develop authentic mentorship programs

Invest in mentorship programs focusing on developing collaborations between African American employees and their colleagues of other ethnic backgrounds. Establish safe spaces where everyone can share their experiences openly and without judgment.

How to implement it: Create an inclusive environment through team-building exercises, cross-cultural conversations and networking events. Facilitate dialogue among employees of different backgrounds and encourage them to share their insights and ideas.

Celebrating Black History Month is an important way to remind everyone of the contributions African Americans have made to our society over the last several hundred years. Yet it’s also important that we recognize these achievements throughout the year in the workplace. By incorporating authentic resources into the workplace, employers can create a more inclusive atmosphere for all employees — no matter what month it is.

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3 Growth Stocks to Buy Now Before They Heat up

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The gradual decline in inflation and decelerating wage growth might prompt the Fed to slow the pace of rate hikes this year, which might help growth stocks to stage a recovery. So, fundamentally strong growth stocks Salesforce (CRM), HF Sinclair (DINO), and Box (BOX), which look poised to soar in the near term, might be ideal buys now. Keep reading.

December’s Consumer Price Index (CPI) fell 0.1% for the month, in line with the Dow Jones estimate, marking the largest month-over-month decrease since April 2020. Moreover, the Labor Department reported that employers added 223,000 jobs in December 2022, reflecting a slowdown from the pace of job creation seen earlier in the year.

Also, average hourly pay, which had been increasing at an annual rate of 5% in September, fell to 4.6% in the month.

The sky-high inflation and the Fed’s aggressive interest rate hikes to tame it have affected growth stocks significantly last year. However, the easing inflationary pressures and declining wage growth signals that the Fed’s rate hikes are having their intended effect, which might prompt the Fed to slow its rate hike pace.

The Fed is widely anticipated to deliver a 0.25 bps rate hike in its next meeting, a step back from a 0.50 bps hike last month.

Furthermore, as per Fundstrat Global Advisors co-founder Tom Lee, US stocks will surge back toward record highs in 2023 once the Federal Reserve signals that it’ll ease up on its monetary-tightening campaign. Lee also said that he expects the S&P 500 to steadily climb to hit 4,800 points this year.

Given this backdrop, fundamentally strong growth stocks Salesforce, Inc. (CRM), HF Sinclair Corporation (DINO), and Box, Inc. (BOX) might be ideal buys for solid returns this year.

Salesforce, Inc. (CRM)

CRM provides customer relationship management technology that brings companies and customers together worldwide. The company’s service offerings include Sales, Service, Marketing, and Commerce. The company provides its services through direct sales, consulting firms, systems integrators, and other partners.

The company’s forward Price/Book multiple of 2.79 is 32.8% lower than the industry average of 4.15.

During the third quarter that ended October 31, 2022, CRM’s total revenues increased 14.2% year-over-year to $7.84 billion. The company’s gross profit increased 14.5% year-over-year to $5.75 billion, and non-GAAP income from operations increased 30.9% year-over-year to $1.78 billion.

The consensus EPS estimate of $1.36 for the fiscal fourth quarter ending January 2023 indicates a 62.3% improvement year-over-year. The consensus revenue of $8 billion for the same quarter represents a 9.2% year-over-year growth. CRM has an impressive earnings surprise history as it has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.

Also, the company’s revenue and levered free cash flow have grown at a CAGR of 24.1% and 21.8%, respectively, over the past three years.

The stock has gained 26.7% over the past month to close the last trading session at $167.97.

CRM’s POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.

It has an A grade for Growth and a B for Sentiment. Within the 138-stock Software – Application industry, it is ranked #27.

Beyond the POWR Ratings just highlighted, you can access additional CRM grades for Value, Momentum, Stability, and Quality here.

HF Sinclair Corporation (DINO)

DINO is an independent petroleum refiner that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel, and other specialty products.

Its forward non-GAAP P/E of 3.80x is 53.8% lower than the industry average of 8.23x. Its 0.27 forward non-GAAP PEG multiple is 59.6% lower than the industry average of 0.68.

The company pays $1.20 annually as dividends, which translates to a yield of 2.81% at the current price. Its four-year average dividend yield is 2.99%.

DINO’s sales and other revenues grew 126.2% year-over-year to $10.60 billion for the third quarter that ended September 30, 2022. Its adjusted EBITDA increased 267.9% year-over-year to $1.50 billion. The company’s adjusted net income increased 368.2% year-over-year to $982.90 million, while its adjusted EPS rose 257.8% year-over-year to $4.58.

Street expects DINO’s revenue to increase 106.6% year-over-year to $37.99 billion for the fiscal year 2022. Its EPS is expected to rise 789% year-over-year to $14.96 for the same year. The company has surpassed the consensus revenue estimates in all of the trailing four quarters.

Moreover, the company’s net income and EPS have grown at a CAGR of 39.1% and 33%, respectively, over the past three years.

The stock has gained 9.7% over the past month and 61.8% over the past year to close the last trading session at $56.90.

It is no surprise that DINO has an overall rating of B, equating to a Buy in our POWR Ratings system.

It has a grade of A for Growth and Momentum and a B for Quality. It is ranked #10 among 93 stocks in the B-rated Energy – Oil & Gas industry.

In addition to the grades stated above, we’ve also rated DINO for Value, Sentiment, and Stability. Get all DINO ratings here.

Box, Inc. (BOX)

BOX provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device.

On January 10, BOX announced that BETC, a global communications, marketing, and advertising agency, have chosen BOX’s secure content management capabilities to power collaboration and accelerate processes around content management.

Sebastien Marotte, President of EMEA at BOX, said, “We’re delighted to support BETC in powering the next generation of creative content for their prestigious clients. We look forward to our continued partnership as BETC continues to expand its use of Box and develop its Content Cloud journey.”

In terms of forward non-GAAP PEG, BOX is currently trading at 1.36x, which is 14.8% lower than the industry average of 1.60x. Its forward Price/Cash flow multiple of 16.32 is 11.2% lower than the industry average of 18.37.

BOX’s revenue increased 11.6% year-over-year to $249.95 million in the third quarter that ended September 30, 2022. Its gross profit rose 15.2% year-over-year to $185.46 million. Also, its EPS came in at $0.03, compared to a loss per share of $0.12 in the year-ago period.

Analysts expect BOX’s revenue to rise 9.9% year-over-year to $256.48 million in the fiscal fourth quarter ended January 2023. Its EPS is estimated to grow 42.6% year-over-year to $0.34 in the same quarter.

Its revenue and levered free cash flow have grown at a CAGR of 15.1% and 29.1% over the past five years.

The stock has gained 22.4% over the past year to close the last trading session at $31.99. It has gained 10.1% over the past month.

BOX’s strong fundamentals are reflected in its POWR Ratings. It has an overall B rating, which equates to a Buy in our proprietary rating system.

It also has an A grade for Growth and Quality and a B for Value. BOX is ranked #6 among the 78 stocks in the Technology – Services industry.

Click here for the additional POWR Ratings for Stability, Momentum, and Sentiment for BOX.

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CRM shares were trading at $168.63 per share on Wednesday morning, up $0.66 (+0.39%). Year-to-date, CRM has gained 27.18%, versus a 5.98% rise in the benchmark S&P 500 index during the same period.


About the Author: Kritika Sarmah

Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor’s degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.

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