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Stock Market & Financial Investment News

News Breaks
April 9, 2014
12:04 EDTANDE, MON, CMP, POT, BG, DD, MOS, IPI, CF, SYT, ADM, AGUU.S. corn exports projected to increase 125M bushels
According to the latest WASDE report from the USDA, U.S. feed grain ending stocks for 2013/14 are projected lower this month with reductions for corn, barley, and oats. A 125M-bushel increase in projected corn exports reduces corn ending stocks by the same amount. Continued strong export sales and a rising weekly shipment pace for U.S. corn during March support the higher expected export level as does an increase in projected global corn demand. The 2013/14 season-average farm price for corn is raised 10c at the midpoint with the projected range also narrowed to $4.40-$4.80 per bushel, compared with $4.25-$4.75 per bushel last month. The projected range for the sorghum farm price is also raised 10c to $4.15-$4.55 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
News For DD;MON;SYT;BG;ANDE;CF;POT;AGU;IPI;CMP;ADM;MOS From The Last 14 Days
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May 17, 2015
14:32 EDTMON, SYTSyngenta shares show promise even without Monsanto deal, Barron's says
Shares of Syngenta (SYT) could be "worth a bet" even if Monsanto's (MON) takeover efforts flounder, Barron's contends in its 'International Trader - Europe' column. Barron's notes that the company's cost reduction measures could yield $265M in savings this year, a figure which may jump to $1B by 2018. Reference Link
May 15, 2015
17:07 EDTDDTrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).
16:21 EDTDDStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
16:08 EDTCFCF Industries declares five-for-one stock split
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10:01 EDTSYTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
09:16 EDTCMPCompass Minerals announce three-year agreement with Goderich salt mine workers
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07:26 EDTSYT, MONBayer expecting crops and seeds industry consolidation, Reuters reports
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05:32 EDTSYTSyngenta upgraded to Neutral from Underperform at Exane BNP Paribas
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May 14, 2015
16:14 EDTMOSMosaic up 1% after announcing new $1.5B buyback plan, dividend increase
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16:12 EDTMOSMosaic announces new $1.5B share buyback plan, raises dividend to 27.5c
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16:11 EDTMOSMosaic increases dividend to 27.5c from 25c
16:11 EDTMOSMosaic announces New $1.5B share repurchase authorization
15:18 EDTSYT, MONMonsanto seeks buyer for Syngenta seeds ahead of takeover offer, Reuters says
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13:54 EDTANDERichardson interested in potential acquisition of Andersons, Reuters reports
The CEO of Richardson International, which is one of Canada's largest grain handlers and is looking to expand in the U.S., said his company is interested in Andersons, though the companies have had no discussions and it is unclear if the target is willing to sell, according to Reuters, citing and interview with Richardson CEO Curt Vossen. Andersons shares are up 6.7% to $44.75 in afternoon trading following the report. Reference Link
13:51 EDTANDERichardson interested in potential acquisition of Andersons, Reuters reports
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10:00 EDTDDOn The Fly: Analyst Upgrade Summary
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08:19 EDTADMSenate Agriculture Committee to hold a hearing
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07:38 EDTDDDuPont upgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded DuPont to Neutral from Underperform. The firm expects DuPont to emerge from the recent proxy battle as a stronger, leaner company and views risk-reward as more balanced. Price target is $76.
06:58 EDTDDDuPont pullback a buying opportunity, says Deutsche Bank
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06:28 EDTDDDuPont upgraded to Neutral from Underperform at BofA/Merrill
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