Louis Navellier’s Top 5 Stock Picks for Q4 2022

In this article, we discuss the top 5 stock picks from Louis Navellier. If you want to see more stocks in this selection, check out Louis Navellier’s Top 10 Stock Picks for Q4 2022.

5. CF Industries Holdings, Inc. (NYSE:CF)

Navellier & Associates’ Stake Value: $10.16 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.25%

Number of Hedge Fund Holders: 65

Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries Holdings, Inc. (NYSE:CF) is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois. Louis Navellier holds over $10.16 million worth of stakes in the fertilizer company.

Earlier on November 1, Mizuho analyst Christopher Parkinson lowered his price target on CF Industries Holdings, Inc. (NYSE:CF) to $113 from $117 and maintained a Neutral rating on the shares. Although Parkinson reiterated a favorable view of the agriculture industry, he reduced estimates on the back of “shaky” near-term demand trend.

According to Insider Monkey’s data, 65 hedge funds were bullish on CF Industries Holdings, Inc. (NYSE:CF) at the end of the third quarter of 2022, compared to 52 funds in the prior quarter. Eric W. Mandelblatt’s Soroban Capital Partners held the biggest stake in the company, comprising 2.4 million shares worth $239.45 million.

Here is what Chartwell Investment Partners has to say about CF Industries Holdings, Inc. (NYSE:CF) in its Q2 2022 investor letter:

“We sold the full position in fertilizer company CF Industries, which also had a 20%+ YTD return (through 6/30), as we had concerns that the company would announce capacity additions, which would negatively impact nitrogen pricing.”