In the late 1990s, genetically modified food was vilified as "Frankenfood" in many global-reaching protests and boycotts. Today, one of the key targets of this wrath, Monsanto Co. (MON), is riding a wave of popularity with investors as the stock hits a series of record highs. This winning streak should continue, which bodes well for the entire agriculture sector.
Monsanto, which released its fiscal fourth-quarter and year-end results Wednesday morning before the market open, may still make organic consumers cringe, but its seed and crop protection products tap into a far more important trend.
Since the company is a giant agriculture biotech firm that develops products to boost farm productivity and decrease the need for water, energy, pesticides and insecticides, it is seen by many investors as an ideal vehicle for green investing. Early this year, Citigroup included the stock in its list of climate change "top picks."