Jim Cramer Says 'FMC is a Really Interesting Story'
'Okay, FMC is a really interesting story because tonight, the president put a 50% tariff on Brazil. Brazil is an agricultural competitor to us. FMC is an agricultural, fungicide. They do a lot of different stuff to be able to make it so the harvest comes out. And I'd like to know before I opine on it, what that 50% tariff will mean for their business. So this is a work in progress. I wish I knew, but I don't want to cuff it after what happened tonight, which was very dramatic.'
A laboratory technician carefully mixing chemicals in a laboratory.
FMC (NYSE:FMC) develops and sells crop protection products such as insecticides, herbicides, fungicides, and biologicals that are aimed at improving agricultural yield and quality. In February, Cramer discussed the stock, as he said:
'There's a company called FMC. And that's an agricultural company. It's an old food machinery company, it's based in Philadelphia. And the stock is down 35% today because they have inventory problems. Too much of the crop chemicals used for . . . corn, potatoes, and sorghum. I just remind that there certain industries that are in this economy that are seemed to just, I don't know we have to stay close to ag. That's a very very bad number. And I'm kind of shocked because it's a pretty reliable company. But the ag business maybe not as great as we think judging from the fact that they have a lot of insecticides, herbicides. So, stay close to ag.'
While we acknowledge the potential of FMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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