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3% Weekly ROI Off This Crisis Stock?
Archer-Daniels-Midland ($ADM) stock got sucked down the toilet this week.
Shares are collapsed -20% since Monday, with Wall Street terrified over an accounting probe into the company’s nutrition department.
I know a lot about this business and Archer-Daniels-Midland is one of my long-term core holdings. So in today’s article, I want to put the scandal and sell-off into perspective.
And, I want to share a recent options trade I made involving Archer-Daniels-Midland’s short-term trouble.
How Big Is The Nutrition Department?
Archer-Daniels-Midland is a mysterious giant. Unless you live in a farming community, there’s a good chance you’ve never even heard of this business.
So here’s a quick summary…
Archer-Daniels-Midland is one of the “ABCD” companies.
These are: Archer-Daniels-Midland, Bunge, Cargill, and Louis Dreyfus. Think of them like the FANG stocks of tech. But instead of making computers or TV shows, the ABCD companies control the entire global food market and are responsible for almost everything you eat.
These are the businesses that source, store, transport, and process staple foods like corn and rice.