Cramer: Sell This Seed Stock
Monsanto is more than just a seed maker. Cramer likes to think of this as an agriculture biotech company, creating genetically altered products that boost farmers’ yields. That’s why he recommended the stock on Tuesday, as well as Syngenta and Sociedad Quimica .
But in just two short days an equal number of technical analysts have slammed Monsanto. One thinks this $82 name could drop as low as $70, and the other predicts the stock will be cut in half. This forced Cramer to pause. Back when he was running his hedge fund, such an occurrence – two chartists giving his favored company the thumbs-down – usually meant there had to be something wrong. So he went looking for a reason to sell.
This time is no different, and he found a few. Watch the video from Cramer’s breakdown of Monsanto and find out why you should sell this seed stock.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com