54.98 +0.01 (0.02%)
After hours: 6:18PM EST
|Bid||0.00 x 2200|
|Ask||55.29 x 800|
|Day's Range||54.61 - 55.93|
|52 Week Range||48.89 - 74.12|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||33.36|
|Forward Dividend & Yield||1.52 (2.78%)|
|1y Target Est||67.26|
Southeastern Asset Management, the Memphis, Tennessee-based firm founded by Mason Hawkins (Trades, Portfolio) in 1975, disclosed five new positions in its fourth-quarter 2018 portfolio, which was released last week. Warning! GuruFocus has detected 2 Warning Signs with WYNN. Based on these criteria, Southeastern established positions in Wynn Resorts Ltd. (WYNN), PotlatchDeltic Corp. (PCH), DowDuPont Inc. (DWDP), Melco Resorts and Entertainment Ltd. (MLCO) and Grupo Televisa SAB (TV) during the quarter.
DowDuPont Inc has won the final international regulatory approval needed, from the Philippines, for a global launch of a new line of genetically engineered soybeans, the company said on Thursday. The approval means seed companies can sell the soybeans, named Enlist E3, to farmers for planting as early as this spring without worrying about taking extra steps to keep the harvests out of export markets. Enlist E3 soy, marketed by DowDuPont's agriculture unit Corteva Agriscience, will eventually shake up the $40 billion U.S. soybean market - half of which is controlled by rival Bayer AG's Xtend brand.
If the company is awarded all incentives it is seeking for the project, it will have gotten a $124.92 million tax benefit.
- Enlist E3™ soybeans launched across multiple seed brands in U.S. - Technology authorized by Philippines for import WILMINGTON, Del. and WEST POINT, Iowa , Feb. 21, 2019 /PRNewswire/ -- Corteva Agriscience ...
Corteva Agriscience, the agriculture unit DowDuPont Inc will spin off later this year, said on Thursday it expects capital expenditures of about $650 million in 2019. In the run up to becoming a standalone company, Corteva is also gearing up to broadly sell farmers in North America and Brazil a new type of genetically modified soybean for planting next year in a challenge to rival Bayer AG. Corteva said its Enlist E3 soybeans, which can resist three herbicides, will be offered in Brazil, Canada and the United States with commercial sales to begin in 2019.
WILMINGTON, Del., Feb. 21, 2019 /PRNewswire/ -- DuPont, the premier innovation provider of value-added specialized solutions that transform industries and everyday lives, will hold a meeting with sell-side analysts in New York City today. During the meeting, Executive Chairman Elect Ed Breen, Chief Executive Officer Elect Marc Doyle and Chief Financial Officer Elect Jeanmarie Desmond will review DuPont's business strategy and previously disclosed financial information for the future company. The Specialty Products Division of DowDuPont is expected to transition to an independent company on June 1, 2019.
WILMINGTON, Del., Feb. 21, 2019 /PRNewswire/ -- Corteva Agriscience™, Agriculture Division of DowDuPont (DWDP), will host a meeting with sell-side analysts this afternoon in New York City. At the meeting, James C. Collins, Jr., chief executive officer-elect, and Greg Friedman, chief financial officer-elect, are expected to review strategy and priorities for shareholder value creation for Corteva Agriscience ("Corteva" or "the Company"), as it moves toward the intended separation from DowDuPont on June 1, 2019. Corteva will also provide financial guidance for the full year, as well as confirm its mid-term financial targets and intended uses for cash which were both presented at its investor day in November 2018. "As a global pure-play agriculture company, Corteva is built to win through our customer-focused culture and unique ability to deliver a complete solution of innovative seed, crop protection and digital agriculture products to farmers, enabling them to maximize productivity and profitability as they work to meet rising demand in the face of fewer resources," said Jim Collins.
WILMINGTON, Del. , Feb. 20, 2019 /PRNewswire/ -- James C. Collins, Jr. , chief executive officer-elect of Corteva Agriscience™, Agriculture Division of DowDuPont (NYSE: DWDP), will present at the Bank ...
Stocks added to their gains after minutes from the January Fed meeting were released. The key market indexes held gains after the Nasdaq turned positive.
Keith M. Rosenbloom's Cruiser Capital Advisors often sails into the unknown, as an investment firm that manages special situation opportunity funds. Luckily, this New York City-based investment advisor has a high-quality management team that "can react to missteps or headwinds," as its founder Mr. Rosenbloom says, that way driving interesting opportunities. Since its inception in […]
WILMINGTON, Del. , Feb. 20, 2019 /PRNewswire/ -- Corteva Agriscience™, Agriculture Division of DowDuPont (NYSE: DWDP), today announced that it has acquired the Clearfield ® Canola Production System ("Clearfield ...
Rising raw materials costs will create a sluggish start to the year, but management thinks price increases will recoup those expenses before the end of 2019.
Update on Chemical Companies Last WeekDowDuPont declared its quarterly dividendIn a press release on February 14, DowDuPont (DWDP) announced its regular quarterly dividend for the first quarter. In order to be eligible for the
DowDuPont™ (DWDP) has declared a dividend of 38 cents per share, payable March 15, 2019, to shareholders of record on February 28, 2019. Prior to merger close, Dow and DuPont had paid shareholders cash dividends every quarter since 1912 and 1904, respectively. DowDuPont (DWDP) is a holding company comprised of The Dow Chemical Company and DuPont with the intent to form strong, independent, publicly traded companies in agriculture, materials science and specialty products sectors that will lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges.
WILMINGTON, Del. , Feb. 14, 2019 /PRNewswire/ -- DuPont's board of directors declared regular quarterly dividends of $1.12 -1/2 per share on the $4.50 series preferred stock and $0.87 - 1/2 cents per share ...
Celanese Completes Acquisition of Linde's Synthesis Gas UnitCelanese completes acquisition of Linde’s synthesis gas production unitIn a press release on February 13, Celanese (CE) announced that it had completed the acquisition of a synthesis gas
Deere's Q1 Earnings: What Can Investors Expect?(Continued from Prior Part)Deere’s adjusted EPS expectations Deere (DE) is expected to post an adjusted EPS of $1.76 for the first quarter of fiscal 2019—an increase of 34.3% on a YoY basis. In the
G.research will host its Specialty Chemicals Conference on March 13th, 2019 in New York City. This research meeting will feature presentations and one-on-one meetings with senior management of several leading specialty chemicals companies.
It's been a good year for the Dow Jones Industrial Average. The Dow as of this writing closed at 25,053.11, up 7.4% so far this year. The DJI already has erased a 3.5% decline in 2018 and perhaps could challenge all-time highs near 27,000.But a good year for the DJI actually has been a better year for most other major indices. The S&P 500 has risen 8.1%. The NASDAQ Composite has gained more than 10%. And the Russell 2000 has increased over 12%, its best year since 1987.As I've written in the past, the Dow Jones Industrial Average gets too much attention. With only 30 mega-cap stocks in the index, the DJI doesn't reflect the broader market or the broader economy the way many observers (including the president) seem to believe.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 U.S. Stocks That Are Coming to Life Again Even that aside, the Dow's underperformance this year isn't new. Returns in the S&P 500 have been stronger in five of the last seven years. The NASDAQ Composite, thanks at least in part to a more tech-heavy nature, has been the better bet every year in that stretch save for 2016.That trend could continue going forward. Component changes in the DJI may not be favorable. The index still favors old-line industrials, which have risks from both the macro cycle and tariffs. Given the fact that the Dow Jones today still dominates the headlines, that may not be a good thing for U.S. stocks as a whole. The DJI so Far This YearWhat's interesting about the lower gains in the Dow this year is that the index seemingly should be doing better. Oddly, the index is price-weighted: the individual contribution of each of the 30 stocks is based not on their respective market caps, but their stock prices. And the higher-priced stocks have been among the strongest performers.Most notably, Boeing (NYSE:BA) continues to gain, rising over 25% in 2019 alone. That is the highest-priced stock in the index - meaning it makes the biggest contribution. Goldman Sachs (NYSE:GS) has the fourth-highest price and is up almost 15%.And it's not like there's any dead weight, at least so far. Only five stocks in the DJI are in the red for the year. The worst stock in the index, Pfizer (NYSE:PFE), is down just 4.5%.Still, Dow stocks on the whole are lagging. And in a bull market, the larger stocks in the index are likely to underperform. Somewhat ironically, the stock kicked out of the index last year, General Electric (NYSE:GE), has had a huge start to the year. GE stock is up 32%; Walgreens Boots Alliance (NASDAQ:WBA), which replaced it, has gained just 0.5%. Today's Dow Is Not the Dow of 2020More changes are coming. United Technologies (NYSE:UTX) and DowDuPont (NYSE:DWDP) both are breaking up. Those splits likely will lead to their removal from the Dow Jones.The list of their potential replacements, however, somewhat highlights the longer-term problem with the DJI. The most obvious candidates are Amazon.com (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG,GOOGL). But both stocks have share prices that are too high; AMZN, for instance, would have nearly 40 times the impact on the index of PFE.And so the DJI basically can't include the third and fourth most valuable companies in the U.S., solely because of its structure. Though it should be mentioned that that could change if either company decides to split its stock.The Dow also can't add to its tech exposure: the most likely candidate on that front would be Oracle (NYSE:ORCL), but that low-growth company hardly gives exposure to the sector's potential.In this time of indexing, the Dow Jones simply doesn't look up to the task. And with still-substantial exposure to older, slowing-growing mega-caps, it's unlikely to capture the economy's strongest sectors, most notably technology. Will the Dow Fade?Given the price-weighted nature of the index and the small number of constituents, it's surprising the DJIA has maintained its status for as long as it has. Simply put, there are many better indices out there.For that reason, investors to measure their returns should look beyond the Dow Jones Industrial Average. Investors looking to grow those returns perhaps should look elsewhere as well.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 7 Forever Stocks to Buy for Long-Term Gains * 5 Self-Driving Car Stocks to Buy Compare Brokers The post Why the Dow Jones Almost Certainly Will Continue to Underperform appeared first on InvestorPlace.
Prosecutors said Pangang Group, a Chinese state-owned enterprise, is seeking patent protection for chloride-route titanium dioxide production using the very secrets stolen by an ex-DuPont engineer and a California-based consultant who were both convicted and sent to prison. “The government is especially sensitive to restrict access to these documents, which if obtained by the Pangang defendants (through inadvertence or even by state-sponsored hacking similar to that alleged against them) would do tremendous economic damage to the victim in this case,” the U.S. said Tuesday in a court filing. Prosecutors said Pangang’s attorneys can see the exhibits in a government office, but the company itself can’t view them.