Egg prices and their spike surprised many investors in recent days as the PPI index came out. While there are some stock picks that can lead investors to a potential market-beating run in the coming months, now is the time to start considering other verticals to keep the momentum going in the agricultural space. This is where fertilizer and machinery stocks come into play.
Surely, stocks like Caterpillar Inc. (NYSE: CAT) and Deere & Co. (NYSE: DE) are potential picks to see higher demand in the new agricultural cycle, not to mention other verticals like construction as interest rates come down. However, before machinery and equipment make their way to farms and fields, FMC Co. (NYSE: FMC) is likely to come out as the first winner in this theme as a fertilizer and specialty chemical manufacturer, as this land needs preparation before being worked on.
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