Bullpen gets a new stock that can continue to benefit from Wall Street's broadening rally
[ad_1]
An old favorite is going back in the Bullpen, our watch list of stocks we're considering buying for the Club's portfolio. In addition to improving business trends and a cheap valuation, the thinking is that this particular stock could benefit further from the broadening market rally, which has seen the Dow Jones Industrial Average really come to life recently, logging its first 10-session winning streak since August 2017. (Coming soon, we'll have another bullpen name that's tech-focused and benefits from AI chip development.) The stock we're adding first is DuPont (DD). We've profitably traded this specialty chemical maker for the Investing Club through the years — most recently selling it in the low $80s back in January 2022 after a valuation boost on the prospects of two pending deals. Only one was eventually completed. When we last owned DuPont, the company was waiting to close on its acquisition of Rogers Corporation , another specialty materials...