Archer Daniels Midland Co.
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Q4 Earnings Season: 12 Stocks Likely to Disappoint
The Q4 earnings season has started off on an unexpectedly good note.
Both Alcoa Inc. (NYSE: AA) and Wells Fargo & Co. (NYSE: WFC) last week reported fourth-quarter earnings that beat estimates.
But before you get too excited about the rest of Q4 earnings season, keep in mind not all companies will be able to beat projections. Some industries were hit harder than others by uncertainty around fiscal cliff tax hikes and spending cuts, as both consumers and businesses reined in spending.
To prepare investors for the underperformers of Q4 earnings season, Bank of America has identified 12 stocks it thinks will disappoint. Each has a "Sell" rating and missed earnings estimates on revenue or profit last quarter.
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Buy, Sell or Hold: 'Hold' Archer Daniels Midland Co. (NYSE: ADM) Until Commodities Come Back
The great commodity pull back of 2011 has started.
Soft agricultural commodities in particular have pulled back a lot lately, generating what appears to be a buying opportunity in the sector. However, I believe it is still too early to dive into a new position in Archer Daniels Midland Co. (NYSE: ADM).
Archer Daniels Midland has experienced a major pull back in the last few weeks. But in my opinion, the stock price will need to show that it has bottomed, and started to trade on expectations of future bullish events before it is again a "Buy."
That means it's time to "Hold" Archer Daniels Midland Co. (NYSE: ADM) (**) - until the current pullback runs its full course and gives investors a safe place to reenter the stock.
