Archer-Daniels-Midland has substantially underperformed the broader market over the past year, and analysts remain cautious about the stock’s prospects.
The agriculture giant is expecting weaker profitability for its recently completed third quarter, and cut its bottom-line guidance for 2024.
The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +1.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.32%. Stocks rallied on...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.95%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.08%. Stocks are climbing today, supported...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.74%. Stocks today are trading moderately...
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Archer-Daniels-Midland is expected to release its third-quarter earnings later this month and analysts expect a double-digit earnings decline.
Bunge Global has struggled to keep up with the Dow Jones index over the last year and analysts are cautiously optimistic regarding the stock's potential.