Is Nutrien a buy sell or hold?

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There was some news about the UN removing sanctions on Turkey Russia fertilizer

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Asked on May 24, 2022 11:32 am
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No problem! I certainly wouldn't be selling in this environment. If you really want to lock in profits, you could consider a trailing stop loss. It could protect you in the event global supply issues are sorted out and people start to doubt Nutrien's cash flows.

But realistically, I think we're going to see a strong few years out of the company.

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Posted by Dan Kent
Answered on May 27, 2022 10:26 am
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Thanks Dan
I purchased them at $41 so am hoping to keep the profits increasing.
Get better soon

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Posted by Lorna Holinaty
Answered on May 27, 2022 10:25 am
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Hey there! Apologies, I've had a pretty bad chest cold here so I've kind of been out of commission for a few days so the answer has been a bit delayed.

Cyclical options like Nutrien are hard to buy/sell for this exact reason. Changes in commodity prices due to global events can have a significant impact on earnings. We've witnessed it many times with oil and gas. However, I think commodity headwinds will definitely be here for a few years, and I think Nutrien is going to benefit from them. We're likely to see a big uptick in 2022 earnings and maybe even 2023 as well.

If I owned Nutrien right now, I'd most certainly be holding. If I wanted to buy, I'd be a buyer, but maybe a bit cautious just knowing that headlines could send this stock up or down by a large degree. For example, as you mentioned if sanctions are lifted and Putin opens up grain and fertilizer exports, we could see a dip in commodity prices, and as such Nutrien could face some earnings downgrades and volatility in price.

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Posted by Dan Kent
Answered on May 27, 2022 8:11 am