1ADM trade ideas
ADM dropping into the buy zone!ADM is a long standing Fortune 500 company and been around since 1902. ADM has been a back bone company in Americas young history. Although RFK is coming for the seed oils, ADM is and will always will be a big dog in American agriculture. Also important to add that commodity prices have collapsed the last year and there aren't many signs of that changing yet. (A massive drought would reset the market.)
Hedge funds such as BlackRock, State Street and Geode Capital Management all have massive investment in ADM, amounting to a combined $4,191,840,000.
I believe that a lot of American agriculture will continue to be subsidies by the US government and the processing of oilseeds and grains will always be a part of America. I think this could be a value investment as we creep into the zone noted on the chart.
I like to apply the strategy of setting up weekly buys on investments such as this. It helps DCA your overall investment.
ADM to $50My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price in channel zones at bottom of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under bottom of Bollinger Band
Entry at $45.39
Target is $50 or channel top
ADM ...Archer-Daniels-Midland big boy in foodsSo the TSLA graph I just posted a bit ago doesn't flow like this one does in regards to cash flow and stock movements.
It follows pretty well and gives you a good idea that agriculture is the place to be in coming months/year max. There is an idea that follows:
You don't support those who actually make energy convertible into food- which fuels innovation...then all goes down. AI won't create farms...Electric tractors aren't even close to anything fantasy...and local operations in every state are going down.
Find you local grower if possible and support them and get to know them...they will be shutdown by your neighbors when agri-prices explode and don't blame their Iphone purchases or over-leveraging in credit card debt...it's the dude with a shovel and a few cows or goats. Don't be dumb and put money where there is none...cause when societies collapse and stocks go down, govt must give money to the Tyson/ADM/Purdue/Conagra/General Mills of the world.
Be smart and know there is more downside...then hop on if you think food matters. You can't eat gold or silver...but you will be first in line to get food from the dudes who actually have it and can create it..
Great Entry into ADMADM has a great entry setup I give stop loss 10% which fits with the support level and a clear breakout target on the right shoulder in the $70 range which should potentially yield a quick trip back through the levels if a bullish movement is reached resulting in a great long term hold.
Archer Daniels Midland (ADM) Rises as Accounting Probe ConcludesArcher Daniels Midland Co. ( NYSE:ADM ), the agricultural powerhouse based in Chicago, saw a surge in its stock price after announcing the completion of an internal investigation into accounting irregularities within its nutrition business. While this development removed a significant overhang on the stock, ADM faces challenges as its fourth-quarter earnings fell short of expectations. Despite this setback, the company's upbeat guidance for 2024 and additional share buyback authorization offer a glimmer of hope amidst uncertainty.
Resolution of Accounting Probe:
ADM's stock rose by 3.95% following the announcement that the internal investigation into accounting practices at its nutrition segment has been substantially completed. The company assured investors that the adjustments required as a result of the probe would not have a material impact on its overall financial statements. This resolution alleviates concerns stemming from a voluntary document request by the Securities and Exchange Commission (SEC) and restores confidence in NYSE:ADM 's governance and transparency.
Earnings Disappointment:
However, despite the positive news regarding the accounting probe, NYSE:ADM 's fourth-quarter earnings fell short of analyst estimates. Net income for the quarter stood at $565 million, down from $1.019 billion in the previous year. Adjusted earnings per share came in at $1.36, below the FactSet consensus of $1.43. Additionally, revenue declined to $22.978 billion, missing expectations of $23.786 billion. These disappointing figures underscore the challenges facing ADM amidst shifting market dynamics and operational headwinds.
Optimistic Guidance and Share Buyback Authorization:
Despite the earnings miss, NYSE:ADM provided upbeat guidance for 2024, expecting adjusted earnings per share in the range of $5.25 to $6.25. The company's board also approved an additional $2 billion for its share buyback program, signaling confidence in its long-term prospects. However, FactSet's expectation of $5.41 falls within the lower end of ADM's guidance range, indicating lingering uncertainties about the company's performance.
Looking Ahead:
As NYSE:ADM navigates through the aftermath of the accounting probe and works towards remediation, investor sentiment remains mixed. While the resolution of the probe removes a significant cloud over the stock, concerns about earnings performance persist. The company's ability to execute its remediation plan effectively, improve financial transparency, and capitalize on growth opportunities will be critical in restoring investor confidence and driving long-term shareholder value.
ADM: Bullish Harami on the Weekly at a Bullish Gartley HOP LevelArcher-Daniels-Midland is sitting at the HOP level of a Bullish Gartley aligning with support with a Bullish Harami Visible on the Weekly Timeframe after setting record-breaking weekly volume into the test of the Support Zone.
ADM will close and confirm the Weekly Harami in less than an hour and from there we would expect to see ADM make an effort to fill the weekly gap above, perhaps going all the way up to the 61.8% retracement.
Advanced Micro Devices, Inc (symbol ‘AMD’), Daily
Shares of Advanced Micro Devices, Inc (symbol ‘AMD’) rose by around 10% in the third quarter of the year. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday 30th of January, after market close. The consensus EPS is $0.58, against $0.54 of the same quarter last year.
‘ The company reached a new all time high on January 19th at $174.23 after trading outside of the upper band of the Bollinger bands indicating the high volatility in the market for its shares. As of September 30, 2023, there has been a notable year-over-year reduction of approximately 30.45% in the company's long term debt. This decline has resulted in the total debt comprising a modest 13.5% of the overall liabilities. ‘ said Antreas Themistokleous, trading specialist at Exness.
From the technical analysis perspective the price has reached a new all time high and has corrected to the downside in today’s session at the time of this report being written. The upper band of the Bollinger bands has proven to be sufficient resistance on the price while at the same time indicating fueled up volatility for the share.
The faster moving average (50 days) is trading well above the slower (100 day) validating the overall bullish momentum in the market while the Stochastic oscillator is recording extreme overbought level hinting that a correction to the downside is a very possible scenario in the following sessions. If the correction takes place then the first area of possible support might be found around the $160 level which is the psychological support of the round number and is also just below the support of the 23.6% of the weekly Fibonacci retracement level.
ADM's Financial Woes UnearthedArcher Daniels Midland ( NYSE:ADM ) Faces Investor Skepticism and Downgraded Ratings Following Accounting Investigation"
In a shocking turn of events, Archer Daniels Midland ( NYSE:ADM ), one of the major players in the international grain trading and processing industry, has placed its Chief Financial Officer (CFO), Vikram Luthar, on administrative leave amid an investigation into accounting practices within its nutrition business. The move has sent ripples through the financial world, causing a double-digit drop in NYSE:ADM 's shares and prompting a delay in the release of its fourth-quarter earnings.
The investigation was initiated following a request for documents from the U.S. Securities and Exchange Commission (SEC), raising concerns about the company's financial governance and prompting immediate action from NYSE:ADM 's board. Luthar, who assumed the role of CFO in 2022, has been replaced on an interim basis by Ismael Roig.
NYSE:ADM , which competes with industry giants like Bunge and Louis Dreyfus, saw its shares plummet more than 10% in pre-market trading, reflecting investor unease about the potential impact on the company's financial health and growth prospects. Goldman Sachs promptly downgraded the stock to "neutral" from "buy," citing uncertainties surrounding the investigation and its potential consequences.
The nutrition business, where the accounting irregularities are under scrutiny, has been a significant focus for NYSE:ADM in recent years. With multi-billion-dollar investments in European ingredients manufacturer Wild Flavors and French animal feed maker Neovia, NYSE:ADM sought to capitalize on the growing demand for nutritional products. However, recent struggles in the nutrition business, particularly in the face of waning interest in plant-based proteins, have added to the company's challenges.
Conclusion
As NYSE:ADM navigates this turbulent period, industry experts and investors are closely monitoring developments. The delay in the release of fourth-quarter earnings adds to the uncertainty, leaving stakeholders with more questions than answers. The board's commitment to working closely with advisors to align processes with financial governance best practices is an assurance, but the road ahead remains uncertain for NYSE:ADM as it works to rebuild investor trust and weather the storm of financial scrutiny.
