Right now, the top potash provider in the U.S. is trading at a key support level.
This could be one of the biggest movers in 2023. And as we'll explain below, the time to buy is right now.
Here's the deal…
Based in Tampa, Florida, The Mosaic Company (MOS) produces and markets concentrated phosphate and potash crop nutrients.
It operates in three segments:
- Mosaic Fertilizantes.
As I'm sure you know, phosphate and potash are used for fertilizer.
And Mosaic is the largest producer of potash and phosphate fertilizer in the U.S.
So this is a pure play on critical need.
In September 2020, a report published in Nature warned that soil erosion could aggravate the global phosphate shortage – which is needed to help grow crops.
And now Russia's invasion of Ukraine poses severe challenges for the global fertilizer market.
That's why MOS is one of the top picks for 2023.
What’s more… MOS is cheap.
Trading at just 4.9 times forward earnings, it’s very undervalued.
It also enjoys strong profit margins – with a return on equity of over 33%.
Best of all, the stock is trading right at a key support level of $45, which has held dating back to September.
Now is the time to buy.
Fertilizer is a critical need – and buying the top potash provider at $45 support could set you up for one of your biggest winners of 2023. That’s why MOS is my top undervalued stock pick for 2023 – but only at these levels!
Originally published on TradeOfTheDay.com