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Stock Market & Financial Investment News

News Breaks
November 9, 2012
08:40 EDTADM, MON, AGU, SYT, CMP, CNH, MOS, DD, CF, DE, POT, IPI, ANDE, BG, CPOUSDA raises forecast for corn ending stocks to 647M bushels
In its latest World Agricultural Supply & Demand Estimates report, the USDA projected higher amounts of corn inventory. The USDA now projects ending stocks of 647M bushels, compared to its prior view of 619M. The season-average farm price for corn was projected 20c lower at the midpoint at $6.95-$8.25 per bushel. Also, the USDA's forecast for soybean production was increased 111M from last month to 2.971B bushels. Soybean ending stocks were projected 10M bushels higher at 140M. Reference Link
News For CPO;BG;ANDE;IPI;POT;DE;CF;DD;MOS;CNH;CMP;SYT;AGU;MON;ADM From The Last 14 Days
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October 8, 2014
08:06 EDTMONMonsanto reports Q4 Seeds and Genomics sales $1.376B
Reports Q4 Agricultural Productivity sales $1.254B. Hugh Grant, chairman and CEO for Monsanto, said, “In an industry that’s particularly near-term focused right now, there are few companies as well positioned to deliver strong growth today while significantly increasing investments to enable the continued delivery of a broad range of innovative solutions for tomorrow.”
08:04 EDTMONMonsanto sees FY15 EPS $5.75-$6.00, consensus $6.03
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08:02 EDTMONMonsanto reports Q4 ongoing EPS (27c), consensus (24c)
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October 7, 2014
16:19 EDTDEOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and remained there for the entire session. A weak industrial production report out of Germany and the IMF's lowering of its global growth forecast filled the news void left by another relatively light day on the domestic economic calendar. The volume was heavy and the selling was broad based, with each of the major equity indexes losing more than 1.5%. ECONOMIC EVENTS: In the U.S., the Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings surged 230K to 4.835M in August, marking their highest level since January 2001. Consumer credit rose only $13.5B in August, missing expectations for an increase in credit of $20B. In Europe, German industrial production dropped 4% sequentially in August on an adjusted basis, which was a steeper slide than economists forecast and its biggest decline since January 2009. Also of note, the International Monetary Fund cut its global economic growth forecasts for the third time this year. The growth forecast for 2014 was trimmed to 3.3% from a July forecast of 3.4%, while the 2015 projection was lowered to 3.8% from 4.0% previously. COMPANY NEWS: AGCO (AGCO) fell $4.97, or 10.55%, to $42.13 after the company lowered its third quarter view and cut its fiscal year 2014 earnings per share outlook for a second time after previously lowering it in July. The stock, along with several others in the U.S. machinery industry, were downgraded today at Bank of America Merrill Lynch. Merrill also downgraded Deere (DE) to Underperform from Neutral this morning, citing the collapse in corn and soybean pricing and the strengthening U.S. dollar, and its shares also declined $2.83, or 3.42%, to $80.01. MAJOR MOVERS: Among the notable gainers was GT Advanced (GTAT), which rebounded 41c, or 51.25%, to $1.21 following its sharp, 93% decline yesterday after its unexpected bankruptcy filing. Today's recovery, however, still leaves the stock far below the $11 per share level where it began yesterday's trading session. Also higher was CalAmp (CAMP) which rose $3.47, or 21.03%, to $19.97 and was upgraded to Outperform at Macquarie after the wireless technology solutions maker's Q2 report. Among the noteworthy losers was SodaStream (SODA), which sunk $6.05, or 21.94%, to $21.52 after the home beverage carbonation system maker warned that revenue for its third quarter will come in well below Wall Street estimates. Also lower were shares of The Container Store Group (TCS), which dropped $5.45, or 24.9%, to $16.44 after the company lowered its fiscal 2014 outlook. The decline sent the stock below the $18.00 level, where its initial public offering priced last November. INDEXES: The Dow dropped 272.52, or 1.6%, to 16,719.39, the Nasdaq fell 69.60, or 1.56%, to 4,385.20, and the S&P 500 declined 29.73, or 1.51%, to 1,935.09.
15:16 EDTMONNotable companies reporting before tomorrow's open
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15:08 EDTMONMonsanto technical notes ahead of earnings
In the prior three months the shares have underperformed, dropping nearly 14% in price. The trend has been bearish with a few volatile upside attempts which did not hold. Ahead of results, the stock has broken below an important support at the $110 area. This level has held as support since early March of this year. A continued breakdown below it on negative news would snap the 5-year uptrend line which has support at $110. Support levels to watch as potential downside objectives are at $105.45, $99.98, and $96.11. A break of the long-term uptrend line would be long-term bearish for share price. If the news surprises on the upside, resistance levels to watch as potential upside objectives are at $115.39, $118.99, and $121.85.
14:33 EDTMONMonsanto October weekly 108 straddle priced for 3% move into Q4
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12:09 EDTDEOn The Fly: Midday Wrap
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10:50 EDTDEAGCO shares slide as company cuts outlook, U.S. machinery sector downgraded
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10:02 EDTDEOn The Fly: Analyst Downgrade Summary
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09:14 EDTDEOn The Fly: Pre-market Movers
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09:03 EDTCFCF Industries volatility elevated into Yara CEO resigns amid CF merger talks
CF Industries (CF) overall option implied volatility of 34 is above its 26-week average of 25 according to Track Data, suggesting large price movement into Yara (YARIY) announcing its CEO resigned amid CF merger talks.
08:13 EDTCFYara likely to buy CF for up to 30% premium, says Bernstein
Bernstein believes the potential merger between Yara (YARIY) and CF Industries (CF) will be structured as Yara buying CF with 75% stock, 25% cash and up to a 30% premium or $360 per share. The firm sees limited upside for Yara shareholders and keeps an Underperform rating on the stock. This morning, the company announced the resignation of its CEO and said merger talks with CF continue.
07:23 EDTDEDeere downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Deere to Underperform citing the collapse in corn and soybean pricing and the strengthening U.S. dollar. The firm expects the collapse in farm equipment demand to hit hard in 2015 and lowered estimates 10%-20% below consensus. Price target lowered to $82 from $90.
06:31 EDTCFYara International CEO resigns amid CF merger talks
Yara International (YARIY) announced that Torgeir Kvidal has been appointed acting CEO effective today, and Jørgen Ole Haslestad has resigned as CEO. "Yara's Board have concluded that Haslestad is not the right person to lead the company going forward, also in light of the on-going talks with CF Industries (CF). Haslestad would not have a role in a potential merged company," says Leif Teksum, Chairman of the Yara Board of Directors. "The discussions with CF Industries will continue with Kvidal leading the Yara team, with support from the Board and in particular from me as Chairman," says Teksum. Kvidal has served as CFO since May 2012.
October 6, 2014
12:42 EDTMONMonsanto volatility increases into Q4 and revenue outlook
Monsanto October weekly call option implied volatility is at 41, October is at 26, November is at 19, January is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into its expected release of Q4 results on October 8.
10:04 EDTANDEOn The Fly: Analyst Upgrade Summary
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09:05 EDTDDDuPont expects to supply more sustainable refrigerant by end of 2015
DuPont's Flurochemicals global business director Kathryn McCord said, "DuPont continues to see rapid transition to HFO-1234yf refrigerant for automotive air conditioning, and we expect to see the refrigerant in 3 million cars by the end of 2014, with that number growing to 7 million by the end of 2015. All but one of the world's leading automakers are adopting HFO-1234yf... "DuPont is prepared to supply HFO-1234yf, which it sells as DuPont™ Opteon® YF refrigerant, to both automakers and the service industry in the United States and Europe. DuPont was the first company to establish capacity of HFO-1234yf, with sites in China and Japan, and capacity expansions we announced last October are on track. We have sufficient supply to meet our customers' projected demand, and are prepared to make additional investments when long-term demand justifies it."
06:55 EDTBGBunge price target raised to $112 from $95 at Piper Jaffray
Piper Jaffray raised its price target for shares of Bunge to $112 citing strong fundamentals for the company's Agribusiness segment and the possible divestiture of the Sugar segment. The firm expects catalysts to drive shares higher and reiterates an Overweight rating on the name.
06:32 EDTANDEAndersons upgraded to Buy from Neutral at Janney Capital
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