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Stock Market & Financial Investment News

News Breaks
January 4, 2013
12:29 EDTMOS, POT, AGU, SCTY, HNR, ARAY, CSTR, FINLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after the monthly jobs report was roughly in-line with forecasts and a measure of growth in the services sector beat expectations. The averages began the session in quiet fashion in what looked like the start of a day of market consolidation after the big advances seen Monday and Wednesday. Yesterday's pullback, triggered by the release of the minutes from the Fed's last meeting, may turn out to be the week's only down day if the current levels hold into the closing bell... ECONOMIC EVENTS: In the U.S., the Labor Department said employers added 155,000 jobs in December, which was about in-line with estimates and near the average pace of job growth over the last year. The unemployment rate for November was upwardly revised to 7.8% and the Labor Department said the 7.8% rate carried over to December as well. Factory orders were flat in November, versus expectations for them to increase 0.4%. The December ISM non-manufacturing index, which measures services sector expansion or contraction, came in at 56.1, versus expectations for a 54.1 reading. Reports from the Energy Information Administration showed inventories of crude oil and natural gas both drew down more than expected last week... COMPANY NEWS: Shares of Mosaic (MOS) advanced over 2.5% following its report of better than expected earnings and its peers in the fertilizer industry, including Potash (POT) and Agrium (AGU), rose in concert... Conversely, Finish Line (FINL) reported a break-even quarter, disappointing the Street and prompting downgrades at Northland Securities and Bank of America Merrill Lynch. Finish Line shares slid nearly 6%... MAJOR MOVERS: Among the notable gainers was recent IPO SolarCity (SCTY), which rose over 16% after it gave guidance for its expected growth in deployments this year. Also higher were shares of Harvest Natural Resources (HNR), up 12% after it announced a new oil discovery in West Africa. Among the noteworthy losers were Accuray (ARAY), down 20% following a downgrade to Underweight at JPMorgan after the company's negative Q2 pre-announcement, and Coinstar (CSTR), down over 5% after its CEO announced plan to retire in March... INDICES: Near noon, the Dow was up 15.88, or 0.12%, to 13,407.24; the Nasdaq was up 3.49, or 0.11%, to 3,104.06; and the S&P 500 was up 4.12, or 0.28%, to 1,463.49.
News For FINL;MOS;POT;AGU;SCTY;HNR;ARAY;CSTR From The Last 14 Days
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July 31, 2014
07:02 EDTMOSMosaic reports Q2 EPS 64c, compared to $1.01 a year ago
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July 30, 2014
15:12 EDTMOSMosaic buys 3.09M shares back from MAC Trusts
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July 29, 2014
06:03 EDTPOTPotash implied volatility of 17 at lower end of index mean range
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July 25, 2014
11:59 EDTSCTY Stocks with call strike movement; MNKD SCTY
NRG Energy (MNKD) November 10 call option implied volatility increased 3% to 86, SolarCity (SCTY) January 85 call option implied volatility increased 2% to 55 according to IVolatility.
06:51 EDTSCTYGoldman expects Q2 upside for SolarCity
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July 24, 2014
16:46 EDTHNRGruss Capital reports 5.04% passive stake in Harvest Natural
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06:29 EDTPOTPotash raises FY14 global shipments to 56.5M-58M tonnes
Expects strong domestic order book in 2H14. Producer inventories in North America are projected to remain tight as scheduled maintenance downtime is expected to limit production for most producers in a period of relatively robust demand. North America shipments are expected to be strong during the third quarter as dealers work to position product in advance of what is anticipated to be an active fall application season. For full-year 2014, the company expects potash shipments to this market could exceed 10M tonnes. Potash demand in Latin America is expected to remain strong ahead of its key planting season. Potash anticipates shipments to this market will remain elevated through the third quarter although total deliveries could slow relative to those of the comparative period last year. Maintains our view that Latin American demand could reach record levels in 2014 of approximately 10.5 million tonnes. In China, potash demand will approximate 12M tonnes. or the full year, Canpotex will ship approximately 1.2 million tonnes under terms contained in the January 2014 contract with Sinofert.
06:26 EDTPOTPotash: Global shipments accelerated through Q2
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06:12 EDTPOTPotash sees FY14 sales volumes of 8.9M-9.2M tonnes
Sees FY14 CapEx $1.1B; Sees FY14 effective tax rate of 26%-28%
06:08 EDTPOTPotash reports Q2 potash gross margin $395M vs. $613M last year
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06:05 EDTPOTPotash sees FY14 EPS $1.70-$1.90, consensus $1.69
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06:03 EDTPOTPotash sees Q3 EPS 35c-45c, consensus 40c
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06:02 EDTPOTPotash reports Q2 EPS 56c, consensus 46c
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July 23, 2014
15:30 EDTPOTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Ford (F), consensus 36c; General Motors (GM), consensus 58c; Potash (POT), consensus 46c; Caterpillar (CAT), consensus $1.52; 3M (MMM), consensus $1.91; Union Pacific (UNP), consensus $1.43; Bristol-Myers Squibb (BMY), consensus 44c; Eli Lilly (LLY), consensus 65c; Celgene (CELG), consensus 89c; Precision Castparts (PCP), consensus $3.35; Raytheon (RTN), consensus $1.59; Noble Energy (NBL), consensus 79c; Hershey (HSY), consensus 76c; Southwest Airlines (LUV), consensus 61c; Boston Scientific (BSX), consensus 19c; JetBlue (JBLU), consensus 19c.
13:51 EDTPOT, MOSEarnings Preview: Potash sees Q2 earnings per share 40c-45c
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12:42 EDTPOTPotash July weekly volatility elevated into Q2 and outlook
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08:34 EDTMOSMosaic to permanently discontinue production of MOP at Carlsbad facility
Mosaic said in a filing that on July 21 it decided to permanently discontinue production of muriate of potash at its Carlsbad, New Mexico facility. The final date for production is expected to be December 31. The decision is based on the quality of the ore in the Carlsbad basin and the age of the facility's infrastructure. These combined factors make it difficult for the operations to remain competitive in an already challenging global market. The discontinuation of this product at Carlsbad is a further step in our previously announced ongoing asset optimization initiatives. Its larger potash production facilities at Esterhazy, Belle Plaine and Colonsay in Saskatchewan, Canada will continue to produce MOP.Mosaicís plan for the immediate future is to transition the Carlsbad facility to the exclusive production of its highly valued K-Mag product line. K-Mag is a premium potash product that currently represents approximately 70% of production at the Carlsbad facility and is a long-term strategic asset for us.We currently estimate that the discontinued production will result in total pre-tax charges in the range of $135M-$160M. The third quarter pre-tax charges are estimated to be in the range of $55M-$77M with the majority of the remainder expected to be recorded in the fourth quarter.
July 21, 2014
09:38 EDTSCTYActive equity options trading on open
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07:14 EDTARAYAmerican Association of Physicists in Medicine to hold annual meeting
56th Annual Meeting of AAPM to be held in Austin, Texas on July 20-25.
06:17 EDTHNRHarvest Natural signs DOC with Gabon
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