Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Thursday, May 13, 2016

Article Excerpt

MONSANTO CORP., $99.94, New York symbol MON, develops and sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food companies. It also sells weed- and pest-control products. The stock jumped 11% this week on speculation that German chemical and pharmaceutical maker Bayer AG may launch a takeover bid for the company. A merger would help both firms compete with rivals Dow Chemical Co. and DuPont Co, which plan to merge later this year. As well, China National Chemical Corp. agreed in February 2016 to acquire Switzerland-based Syngenta AG. Bayer’s takeover bid for Monsanto would face regulatory challenges in the U.S. and Europe. Even if a deal fails to materialize, we still like Monsanto’s long-term prospects. OUR RECOMMENDATION: Monsanto is a buy. Monsanto recent coverage Hotline for April 8, 2016 Hotline for March 4, 2016 MACY’S INC., $31.22, New York symbol M, operates 870 Macy’s and Bloomingdale’s department stores and sells goods online. The stock fell 17% this week after the company reported weaker-than-expected…

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