The year has reached its halfway mark and several stocks have seen massive rallies as investors remain bullish on themes like artificial intelligence, electric vehicles and more. The S & P 500 benchmark and Nasdaq Composite have been on the uptrend, with both hitting new 52-week highs on Friday, the last trading day of the quarter.
The agricultural equipment manufacturer is set to "benefit from precision agriculture and less arable land worldwide," he said, as climate conditions get harsher and put pressure on the need for alternate food sources. "This is a company that has demand regardless of how the economy performs. It is not like AI which can go out of fashion. Everyone needs to eat, so it will never go out of fashion," Carey added.
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