Brazil just broke Corteva's five-quarter streak of beating estimates, with Latin America organic sales down 31% on farmer liquidity problems and clogged channel inventory. Management trimmed full-year adjusted pro forma operating EBITDA guidance to $1.10 billion to $1.125 billion in the first quarter since the Vylor seed spin-off.
Latest Activity
A 9.5% slide to $12.80 is a double-digit-scale day for a seed and crop protection name that rarely trades like this. At an $8.5 billion market cap, that is real value off the table in a single session.
Accenture opened 22% higher, a move you almost never see from a mega-cap IT services name, while Corteva dropped 82% to $13.96 at the other end of the board. Synopsys, McKesson and IBM round out a gainers list that is all up at least 5.9%.
CTVA Coverage
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Monday’s Top Analyst Upgrades and Downgrades: Alibaba, Amazon, Corteva, Lucid, Medical Properties Trust, Palo Alto Networks, Rivian, Twilio, Walmart, Wayfair and More
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Tuesday's top analyst upgrades and downgrades included Apple, Azul, Conagra Brands, Corteva, CSX, Deere, DraftKings, Foot Locker, Intuit, KeyCorp, Nike, Salesforce, Take-Two Interactive Software, Union Pacific and Zions Bancorp.
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Tuesday’s top analyst upgrades and downgrades included Alphabet, Amazon.com, Americold Realty Trust, Azek, Ball, Corteva, DraftKings, Dun & Bradstreet, Global Blood Therapeutics, Lululemon Athletica, Rhythm Pharmaceuticals and Western Digital.
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J.P. Morgan recently issued a few calls across multiple industries that imply serious upside for each stock, but one in particular has up to more than 40% upside.
5 S&P Winners, 5 Losers in Monday’s Premarket
Here's a look at how markets were shaping up for Monday's opening bell.