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MARKETS LIVE BLOG:

STOCKS WOBBLE AT OPEN AS INVESTORS LOOK FOR INSPIRATION

Airbnb shares slump as gloomy Q2 forecasts fan slowdown worries

Market Too Focused on Corteva's Near Term

Morningstar

Since seed and crop chemical company Corteva CTVA was spun out of DowDuPont in June, we think the market has focused on near-term uncertainties like the effects of flooded U.S. fields and the dry start to the Brazilian planting season. If plantings pick up in October, the effect could be that sales simply shift from Corteva's third quarter to the fourth, similar to the delayed U.S. plantings in 2018. Regardless, we remain optimistic on Corteva's long-term outlook and view the shares as undervalued.

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