How Competitive is Nutrien’s (NTR) Business?
First Eagle Investment Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 14.73% for the second quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 19.36% in the same quarter. You should check out First Eagle’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.” data-reactid=”12″>First Eagle Investment Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 14.73% for the second quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 19.36% in the same quarter. You should check out First Eagle’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
NTR) is one of them. Nutrien Ltd. (NYSE:NTR) is a fertilizer company. Year-to-date, Nutrien Ltd. (NYSE:NTR) stock lost 25.9% and on August 4th it had a closing price of $34.94. Here is what First Eagle said:” data-reactid=”13″>In the said letter, First Eagle highlighted a few stocks and Nutrien Ltd. (NYSE:NTR) is one of them. Nutrien Ltd. (NYSE:NTR) is a fertilizer company. Year-to-date, Nutrien Ltd. (NYSE:NTR) stock lost 25.9% and on August 4th it had a closing price of $34.94. Here is what First Eagle said:
“Potash prices have trended lower year-to-date, challenging Canadian fertilizer company Nutrien. Though sales volumes have held steady and the stock rebounded off its March lows, reduced prices for its primary earnings driver proved to be a headwind in the quarter. While there are some concerns about potash pricing moving forward as a competitor readies a large Canadian mine that is expected to provide a significant boost to potash capacity, we believe Nutrien’s cost structure will allow it to remain competitive in what we view as a stable business.”
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NTR) stock decreased by about 21% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Nutrien’s growth potential. Our calculations showed that Nutrien Ltd. (NYSE:NTR) isn’t ranked among the 30 most popular stocks among hedge funds.” data-reactid=”28″>In Q1 2020, the number of bullish hedge fund positions on Nutrien Ltd. (NYSE:NTR) stock decreased by about 21% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Nutrien’s growth potential. Our calculations showed that Nutrien Ltd. (NYSE:NTR) isn’t ranked among the 30 most popular stocks among hedge funds.
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under-the-radar stock. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:” data-reactid=”32″>At Insider Monkey we scour multiple sources to uncover the next great investment idea. Cannabis stocks are roaring back in 2020, so we are checking out this under-the-radar stock. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Insider Monkey.” data-reactid=”34″>Disclosure: None. This article is originally published at Insider Monkey.