This Stock is Soaring

Today’s chart highlights an agricultural giant…

Many companies are facing challenges as the COVID-19 pandemic rages on. The Omicron variant has led to more shutdowns and economic uncertainty. But basics like food and water are always going to be in demand. That’s why today’s company is staying afloat…

Archer-Daniels-Midland (ADM) is a $40 billion food-processing giant. It serves 200 countries worldwide by selling crucial ingredients. Its food-and-beverage portfolio includes essentials such as alcohols, oils, flavors, and grains…

Plus, it also helps make livestock feed and more. So this company has plenty of ways to make money on food production. In the third quarter, Archer-Daniels-Midland posted earnings per share of $0.97… up 9% year over year. And its Animal Nutrition segment nearly doubled its profits over that period.

As you can see in today’s chart, ADM shares are performing well. They’re up more than 60% over the past two years, recently hitting a new all-time high. As people look to nourish themselves and their animals, this company should benefit…

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Source: Daily Wealth’s Market Notes