DuPont de Nemours, Inc. (NYSE:DD) is one of the stocks Jim Cramer shared his opinions on. Cramer highlighted that the company is splitting soon and commented:
“I saw it firsthand last week when we got the update from DuPont, which is splitting into two companies: a fast-growing electronics business and a very steady industrials, healthcare, and water business. These are two excellent companies. It can bring out a lot of value once they start trading separately. We’ve told members of the Investing Club that the sum of the parts could be as high as $100.
And that is a huge gain given that the stock currently trades at 78 bucks and change. The spinoff comes in November. That’s not that far away, which is, but it’s too far away for this market to deal with, conceivably two Fed meetings away, which is just too hard. The bias against the industrials is so strong that money’s been pouring out of this group all year, even as I suspect that many companies in the cohort will end up beating expectations. The Fed’s cutting rates, so historically, this will be a good time to buy, not sell this cohort. It’s a little nuts.”
Courtesy of DuPont
DuPont de Nemours, Inc. (NYSE:DD) develops advanced materials and solutions for semiconductors, electronics, automotive, aerospace, healthcare, and industrial applications. The company also provides specialty products, including adhesives, silicones, photopolymers, digital inks, and water filtration technologies.
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Disclosure: None. This article is originally published at Insider Monkey.