By Nico Gayle, Guest Editor
With the price of oil back above $100 and expected to keep rising, prices at the pump are soaring. Similarly, global food prices are on the rise, reaching a 20-year high in February. As middle classes continue to grow in developing nations, demand for food and gas will only increase further. With these crucial prices swelling, we decided to look for a few stocks that should benefit from rising food and oil prices. Here they are:
Monsanto (MON): Monsanto, with a market cap of $36.41B, is one of the largest agricultural product companies in the world. The firm offers chemicals and genetically modified seeds to boost farm production across a wide variety of crops. Although the stock is currently trading at a somewhat expensive P/E ratio of 32.95, the company has top-notch profitability, with an operating margin of 16.01%. The company also has a ROE
Complete Story »
Ashley Greene April Scott Mia Kirshner Elisabeth Röhm Lily Allen
No comments:
Post a Comment