#7 - CNH Industrial (NYSE:CNH)
CNH Industrial Inc. (NYSE: CNH) is a company in the Industrial Products sector that is based in the United Kingdom. Specifically, the company is known for its heavy equipment used in agricultural applications. This sector is particularly sensitive to interest rates. That dynamic has played out in 2023 and 2024 as the sector has been ravaged by a drop in net farm income due to lower commodity prices and higher production expenses.
Rate cuts will take time to help, but the market is always forward-looking, and that’s why you should consider CNH stock. There are bigger names in the sector, but with a $13 billion market cap and a forward P/E ratio of 7.8x, CNH Industrial is likely to attract some attention.
Investors can grab shares at a price of around $10 per share as of this writing. The CNH Industrial analyst forecasts on MarketBeat have a $14.06 consensus price target, which is 32.9% higher than its closing price on September 19, 2024.
About CNH GLOBAL N V Foreign
CNH Global N.V. (CNH) is a global, full-line company in both the agricultural and construction equipment industries. The Company organizes its operations into three business segments: agricultural equipment, construction equipment and financial services. The Company markets its products globally through its two brand families, Case and New Holland.
Read More - Current Price
- $10.90
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $13.83 (26.9% Upside)
An important caveat to investing in growth stocks immediately after the Fed's decision is that we are in an election year. To be clear, investors will figure out a path to profits no matter who wins, but the policies and the subsequent tactics couldn't be more different. It's that uncertainty that is likely to bring volatility.
Therefore, prior to the election, investors are likely to continue buying stocks in defensive sectors like consumer staples, utilities, and healthcare. It's no surprise that the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA: XLY) jumped 2% the morning after the Fed announcement. Stocks in this sector stand to do very well if consumers begin to feel more secure in their purchasing power.
The takeaway for investors is that while this is not a moment for the faint of heart, you have to be in the market to enjoy the biggest gains. The seven stocks in this presentation are good ideas as you start to generate a watch list.
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