P/S Ratio Indicates Bullish US Stocks: $VL $CNHI $ADM

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Valero Energy Posts Net Income of $1.3 Billion In Q2 2020

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Valero Energy Corporation (NYSE: VLO) has a Price-to-sales ratio (P/S) of 0.24. As the P/S ratio is less than 1, the company provides a bullish investment opportunity. The company declared its regular quarterly dividend of $0.98 per common share which will return $400 million to stockholders payable on September 2, 2020, to stockholders that were on record by August 4, 2002.

Recently the company reported Q2 2020 net income of $1.3 billion or $4.07 per share with an adjusted net loss of $504 million or $1.25 per share. Valero CEO Joe Gorder stated that although their pandemic had impacted global demand they witnessed a significant demand recovery for refined products towards the end of the quarter.

CNH Industrial NV Enter Agreement To Acquire Capital Equipment Group Businesses

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CNH Industrial NV (NYSE: CNHI) stock offers a bullish opportunity for investors since its Price-to-sales ratio (P/S) of 0.41 is less than 1. The company has entered an agreement to enhance its presence in South Africa by acquiring four segments of Capital Equipment Group that were previously owned by Invicta Holdings limited. The deal is subject to approval from the South African Competition Commission and once approved it will be an important milestone for the company as South Africa is one of its most important markets.

The company announced its Q2 2020 results on July 30, 2020, in which it reported net revenue of $5.6 billion. Industrial Activities net sales dropping 24% QoQ to $5.2 billion with an EBIT loss of $58 million. On the other hand, the agricultural division reported profit and a margin of 8% on sales.

Archer-Daniels-Midland Has a Dividend Yield of 3.58%

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Another company presenting a bullish opportunity for investors is Archer-Daniels-Midland Co (NYSE: ADM) whose Price-to-sales ratio (P/S) of 0.38. The company has a dividend yield of 3.58% and in the past 10 years, the Archer-daniels-midland has increased its dividends on 8 occasions. For the coming year, they expect dividends to grow by 3.07%.

In the second quarter, the company's revenue topped estimates of $16 billion to post revenue of $16.281 billion. YoY earnings per share in the quarter grew 41.67% to $0.85 a share topping estimates of 0.51 per share. The company has however not issued an earnings guidance or revenue guidance going forward for now.

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