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February 10, 2014
12:06 EDTAGU, ANDE, IPI, SYT, POT, CMP, BG, CF, ADM, DD, MOS, MONU.S. feed grain ending stocks projected 150M bushels lower for 2013/14
According to the latest WASDE report from the USDA, 2013/14 global corn imports are raised 3.2M tons, with increases for the EU, Egypt, South Korea, Mexico, and Vietnam. U.S. feed grain ending stocks for 2013/14 are expected lower with a 150-M-bushel increase projected for corn exports. The season-average farm price for corn is raised 10c on both ends of the projected range to $4.20-$4.80 per bushel. Publicly traded companies in the space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT). Reference Link
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November 18, 2015
09:57 EDTMONMonsanto sees FY16 ongoing EPS $5.10-$5.60, consensus $5.33
Expects FY16 Seeds & Genomics mid-to-high single digit growth in gross profit. Sees Agriculture productivity gross profit of $900M-$1.1B. Sees FY16 operating expense to be up 2%-4% inclusive of new platform of investment. Sees FY16 tax rate of 25%-27%.
09:55 EDTMONMonsanto plans to continue to target 1.5x net debt to ongoing EBITDA ratio
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09:54 EDTMONMonsanto expects core pipeline to deliver up to $25B of peak net sales
The company said innovation is expected to underpin 80% of the gross profit growth to 2019. It expects the company is tracking toward the 3rd straight year of greater than 20 pipeline advancements. Comments taken from slides for Monsanto Biennial Investor Event.
06:03 EDTMONBayer says not looking to sell crop chemicals business, Reuters reports
Bayer (BAYRY) says its Bayer CropScience unit is an "integral part" of the company and that the division is not for sale, Reuters reports. Bayer's comments come after Monsanto (MON) executives said that it is in internal discussions about tie-ups in the industry. Reference Link
06:01 EDTSYT, DD, MONMonsanto studying possibility for consolidation in agrochem sector, Reuters says
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November 17, 2015
16:26 EDTSYT, MONOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street see-sawed throughout the day and eventually finished the day mixed, with solid earnings reports from both Wal-Mart (WMT) and Home Depot (HD) helping the Dow notch a small gain while the S&P recorded a small loss. The averages looked to be set to extend yesterday's advance, but weakened during the afternoon following news of a stadium evacuation in Europe that unsettled investors and put a halt to the rally. The market struggled into the close but avoided a big selloff as headlines crossed that police in Germany found no explosives at the site of the game cancellation in Hanover. ECONOMIC EVENTS: In the U.S., the consumer price index rose 0.2% in October, as expected. When food and energy prices are stripped out, the "core" CPI also rose 0.2%, also matching the consensus forecast. Industrial production slid 0.2% in October, versus expectations for it to have risen 0.1%. Capacity utilization came in as expected at 77.5%. NAHB's home builder sentiment index fell 3 points to 62 in November, versus expectations for a reading of 64. COMPANY NEWS: Shares of Wal-Mart advanced 3.5% to $59.92 after the world's largest retailer reported better than expected quarterly earnings and gave a fiscal year profit outlook that was higher than expected at the midpoint of the company's range. Another retail giant and fellow Dow member, Home Depot, gained 4.4% to $126.18 while TJX (TJX), owner of the TJ Maxx and HomeGoods brands, rose nearly 4% to $68.18 after their own better than expected quarterly reports. Missing out on the retail rally, however, was Dick's Sporting Good (DKS), which tumbled 9.4% to $36.96 after giving guidance for the holiday quarter and fiscal 2015 that missed consensus estimates. MAJOR MOVERS: Among the notable gainers was Airgas (ARG), which jumped $31.17, or 29.39%, to $137.35 after agreeing to be acquired by Air Liquide for $143 per share. Also higher was Syngenta (SYT), which advanced $6.69, or 9.24%, to $79.06 after Monsanto (MON) Chief Operating Officer Brett Begemann told reporters the company is weighing another attempt at acquiring the Swiss firm. Among the noteworthy losers were GNC (GNC), Vitamin Shoppe (VSI), and Natural Health (NHTC), which dropped a respective 6.4%, 5%, and 15.4% after the Department of Justice said in a media advisory that it would announce actions related to dietary supplements sales and unlawful ads. Shares in the publicly traded companies came off their lows, but did not fully recover heading into the close, after the agency announced that its criminal case was charging USPlabs and that its five civil cases were against a number of smaller businesses. Also lower was SunEdison (SUNE), which fell $1.54, or 33.74%, to $3.02, with Oppenheimer attributing the selloff to "unsubstantiated rumors" regarding its liquidity and Deutsche Bank saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors who are focused on the balance sheet. Additionally, Adeptus (ADPT) declined 22.3% to $46.50 after an NBC affiliate published an investigative report scrutinizing billing practices at freestanding emergency rooms in Colorado. INDEXES: The Dow rose 6.49, or 0.04%, to 17,489.50, the Nasdaq gained 1.40, or 0.03%, to 4,986.02, and the S&P 500 slipped 2.75, or 0.13%, to 2,050.44.
13:19 EDTMON, SYTMonsanto weighs another takeover offer for Syngenta, Bloomberg reports
Monsanto (MON) is weighing another takeover attempt for Syngenta (SYT) after China National Chemical Corporation made an offer for Syngenta, Bloomberg reports. Monsanto is having internal discussions over the benefits of a new offer, the report says, citing comments from COO Brett Begemann in front of reporters in St. Louis. Reference Link
12:54 EDTMONMonsanto targets over 1.3B acres of technology upgrades from platforms by 2025
During Monsanto company's Biennial Investor Event, the company will note that it operates from a global footprint of more than 400M acres currently using its technologies, with the company anticipating more than 1.3B acres of next-generation technology upgrades by 2025. Approximately 800M acres of upgrades are expected to come from its core growth drivers like Intacta RR2 PRO soybeans, Roundup Ready 2 Xtend soybeans and from its global corn portfolio. The company anticipates another 550M-900M acres of technology upgrades from its new growth platforms, including 300M-400M acres from the Climate FieldView digital agronomic platform and 250M-500M acres from the BioAg Alliance with Novozymes.
12:51 EDTMONMonsanto sees more than 20% CAGR in ongoing EPS from end of FY16 to FY19
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12:48 EDTMONMonsanto confirms FY16 EPS view of $5.10-$5.60, consensus $5.33
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11:34 EDTMONMonsanto to host two day biennial investor event
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11:27 EDTMON, SYTMonsanto still sees earnings doubling by 2019, Bloomberg reports
Monsanto (MON) COO Brett Begemann told reporters ahead of the company's biennial investor event tomorrow that his company still expects its earnings to double between 2014 and 2019, according to Bloomberg. Begemann added that Monsanto management is internally discussing making another takeover approach to Syngenta (SYT), the news agency added. Begemann noted that acquisitions are not needed for Monsanto to double earnings by 2019. He expects 20% earnings growth in 2017, 2018 and 2019, Bloomberg reports.
11:24 EDTMON, SYTSyngenta jumps 3% after Monsanto says discussing another approach
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11:23 EDTSYT, MONMonsanto COO says internally discussing another Syngenta approach
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10:00 EDTCFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CF Industries (CF) upgraded to Positive at Susquehanna... ExlService (EXLS) upgraded to Buy from Neutral at BofA/Merrill... Fitbit (FIT) upgraded to Buy at BofA/Merrill... Forward Air (FWRD) upgraded to Outperform at Baird... HD Supply (HDS) upgraded to Positive from Neutral at Susquehanna... Hannover Re (HVRRY) upgraded to Overweight from Underweight at JPMorgan... Moody's (MCO) upgraded to Buy from Neutral at UBS... PRA Group (PRAA) upgraded to Strong Buy from Market Perform at Raymond James... Plum Creek Timber (PCL) upgraded to Outperform from Sector Perform at RBC Capital... Shire (SHPG) upgraded to Outperform from Market Perform at Leerink... Yandex (YNDX) upgraded to Overweight from Equal Weight at Morgan Stanley... Zayo Group (ZAYO) upgraded to Buy from Neutral at MoffettNathanson.
08:29 EDTDDDuPont price target raised to $76 from $63 at Citi
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07:47 EDTCFCF Industries upgraded to Positive at Susquehanna
As reported previously, Susquehanna upgraded CF Industries from Positive to Neutral. The firm cited accretion from OCI. Susquehanna raised its price target to $58 from $57 on CF Industries shares.
05:57 EDTCFCF Industries upgraded to Positive from Neutral at Susquehanna
November 16, 2015
17:10 EDTMONSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
07:16 EDTCFHayman Capital gives quarterly update on stakes
NEW STAKES: Impax (IPXL), CF Industries (CF), GW Pharmaceuticals (GWPH), ProNAi Therapeutics (DNAI). INCREASED STAKES: BioMarin (BMRN), NMI Holdings (NMIH), Vertex (VRTX), Endo (ENDP). DECREASED STAKES: Mylan (MYL). LIQUIDATED STAKES: Perrigo (PRGO), Oasis Petroleum (OAS), Whiting Petroleum (WLL), Newfield Exploration (NFX), SM Energy (SM).
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