And the agricultural seed and crop protection company could rise even more due to strong growth and innovation. But another likely reason is Big Money lifting the stock.
What is Big Money?
So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.
Smart money managers are always looking for the next hot stock. And Corteva has many fundamental qualities that are attractive.
This sets up well for the stock going forward. But how the shares have been trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares.
You see, fund managers are always looking to bet on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
That’s why I’ve learned how critical it is to gauge Big Money demand for shares.
Big Money Signals for Corteva
To show you what I mean, have a look at all the Big Money signals CTVA has made the last year.
The last few weeks have seen Big Money activity, too. Each green bar signals big trading volumes as the stock ramped in price:
In the last year, the stock attracted 18 Big Money buy signals. Generally speaking, recent green bars could mean more upside is ahead.
Now, let’s check out technical action grabbing my attention:
1-month outperformance vs. Materials Select Sector SPDR ETF (+9.4% vs. XLB)
Outperformance is important for leading stocks.
Corteva Fundamental Analysis
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Corteva has been growing sales at double-digit rates and earnings at triple-digit rates! Take a look:
1-year sales growth rate (+10.1%)
3-year EPS growth rate (+121.9%)
Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, CTVA has been a top-rated stock at my research firm, MAPsignals. That means the stock has buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
CTVA has a lot of qualities that are attracting Big Money. It’s made this list four times since it began trading in 2019 (all this year), with its first appearance on 02/15/2022…and gaining 17.8% since. The blue bars below show the times that Corteva was a top pick – Big Money may have a new gem:
It’s been a top stock in the materials sector according to the MAPsignals process. I wouldn’t be surprised if CTVA makes additional appearances in the years to come. Let’s tie this all together.
Corteva Price Prediction
The Corteva rally could have further to go. Big Money buying in the shares is signaling to take notice. Shares could be positioned for further upside, plus CTVA pays a nearly 1.0% current dividend. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no positions in CTVA at the time of publication.
Learn more about the MAPsignals process here.
This article was originally posted on FX Empire