DuPont de Nemours, symbol DD's performance this year appears to trail other basic materials sector stocks. Despite, in some periods, underperforming the market, several high-profile investors seemingly maintain confident positions. Truist Financial Corp, AQR Capital Management, ASX S.A. and Shellback Capital LP all have large stock positions. B. Riley, Mackenzie Financial Corp, Jim Cramer and others have either added DD to their holdings or advised increasing positions in the stock. DuPont has recently made key operational improvements, expanding its Photoresist manufacturing capacity in both Japan and Sasakami.
Shares have appreciated approximately 17% over the past six months. With a consensus rating of 'Moderate Buy' from Brokerages, the company’s second quarter earnings beat expectation, and a recent upgrade to 'Strong Buy', further reflect strong investor sentiment. However, some insiders have shown hesitancy, selling a significant amount of shares. DuPont has also revealed its strategic three-way split and boosted its full-year forecasts on robust electronic and AI-tech demand, indicating potentially undervalued status of the company. Driven by a positive outlook, DD remains a top momentum stock for the long term.
Dupont De Nemours DD News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 05 Oct 2024 12:21:55 GMT - Rating 3 - Innovation 0 - Information 7 - Rumor 2
