2 Non-AI Giants to Buy on Solid Guidance and Lucrative Valuation

Centene Corporation (CNC) reaffirmed its 2026 adjusted diluted EPS forecast, expecting it to exceed $4.80, slightly below analyst consensus. The company's P/S ratio is 0.16, below its historical median and industry average, reflecting market skepticism. Its GF Score™ is 72/100, indicating moderate financial health. Insider activity shows no buying and $14.6 million in selling, while institutional sentiment is mixed.

The SEC has produced 307,000 documents in its fraud case against former ADM CFO Vikram Luthar, with ongoing document production. The case involves alleged inflation of ADM's Nutrition business performance. ADM settled related charges with a $40M penalty. Discovery is expected to continue until March 2027. Luthar is contesting the allegations in court.

Archer Daniels Midland (ADM) aims to achieve $500M-$750M in cost savings over 3-5 years through efficiency improvements. The company has already realized $200M in savings in 2025 and reported a 75% year-over-year increase in segment operating profit to $1.5B in Q2 2026. ADM's shares have gained 26.2% in the past six months, trading at a forward P/E of 15.6X. Analysts expect EPS growth of 52.2% and 3.5% for 2026 and 2027, respectively.

Centene (CNC) and Oscar Health (OSCR) shares rose 6% and 12% respectively after Baird reported favorable risk adjustment results. Baird noted the outcomes support Centene's Q4 commentary and align with Oscar's June investor conference remarks. Molina (MOH) shares also rose 2% despite a minor negative impact. The Centers for Medicare & Medicaid Services released final 2025 risk adjustment data on June 30, affecting insurers' earnings.

Archer Daniels Midland (ADM) reports strong growth in its Flavors business, a key driver of its Human Nutrition segment. Q2 2026 operating profit rose 51% YoY to $139M, with Flavors sales increasing globally. ADM expects mid-single-digit growth for Flavors, citing strong demand for natural and healthier products, particularly in Asia Pacific. The company's investments and acquisitions have bolstered its Flavors capabilities.

Centene Corporation (CNC) appointed Bradley Bolivar as its new Chief Information Officer, replacing Brian LeClaire. Bolivar brings extensive tech leadership experience, including roles at Fannie Mae and Warner Bros. Centene reported Q2 earnings of $2.19 GAAP EPS and $2.51 adjusted EPS, raising its full-year adjusted EPS guidance above $4.80. The company's health benefits ratio improved, but total at-risk membership declined. Centene trades at a forward P/E ratio of 13.12 as of September 1.