DuPont (DD): 'As blue chip as a company gets'

Filed under: International markets, Newsletters, duPont(E.I.)deNemours (DD), Commodities, Agriculture, Stocks to Buy, Housing

"Broad-based chemical, agriculture, and 'science technology' company DuPont (NYSE: DD) is about as 'blue chip' as companies get," says Bill Martin.

In his BullMarket.com, the trading and investing expert explains, "One of the oldest firms in the country DuPont has shown it can continue to remake itself and grow." Here's his review.

"DuPont offers the potential of significant gains once the major weak links in the U.S. economy -- namely housing and the automotive sector -- rebound from their funks and eventually begin to grow.

"DuPont turned in a solid performance in the second quarter, posting a profit of $1.08 billion, or $1.18 per share, up from $972 million, or $1.04 per share, a year ago.

"The bottom line was enhanced by seven cents a share as the result of a lawsuit settlement and a lower tax rate that resulted from a one-time tax settlement. The company cited strength in is agricultural products business as well strong sales in emerging markets for the growth.

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