Buy Alert: July 15, 2014

Marcus Haber | July 15, 2014

Buy Alert: July 15, 2014

Trade Details

Buy AGCO (AGCO) August $55 Calls for $0.90 or better

Why?

Investors are starting to show some concern over valuations, so I wanted to get us into a company that is heavily undervalued by the market. I believe we could see another shift from growth to value in the coming weeks.

AGCO develops agricultural and farm equipment. The stock’s down recently on the plunge in grains prices. However, grains seem to have found a bottom. Meanwhile, AGCO is trading at dirt cheap prices. Let’s buy August calls on the company and hold for the inevitable rebound.