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Stock Market & Financial Investment News

News Breaks
January 4, 2013
12:29 EDTARAY, AGU, HNR, POT, CSTR, SCTY, MOS, 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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January 22, 2015
05:58 EDTSCTYSolarCity implied volatility of 51 at lower end of index mean range
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January 21, 2015
10:01 EDTAGUOn The Fly: Analyst Downgrade Summary
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09:08 EDTAGUAgrium downgraded to Hold from Buy at Miller Tabak
January 20, 2015
08:26 EDTAGU, MOS, POTAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
January 19, 2015
16:29 EDTMOSMosaic expects 'further business strength' into 2015
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16:28 EDTPOT, MOS, AGUMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).
January 16, 2015
06:55 EDTHNRHarvest Natural to host conference call
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06:18 EDTHNRHarvest Natural files request for international arbitration against Venezuela
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January 15, 2015
14:17 EDTFINLFinish Line raises dividend 13% to 9c per share
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07:37 EDTSCTYSolarCity price target lowered to $64 from $87 at Canaccord
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January 14, 2015
10:00 EDTMOSOn The Fly: Analyst Upgrade Summary
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08:34 EDTMOSMosaic upgraded at BMO Capital
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06:52 EDTMOSMosaic upgraded to Outperform from Market Perform at BMO Capital
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January 13, 2015
10:00 EDTMOSOn The Fly: Analyst Downgrade Summary
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06:46 EDTMOSMosaic downgraded to Underperformer from Sector Performer at CIBC
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January 12, 2015
19:44 EDTMOS, AGU, POTPotash marketing firm reaches supply agreement with Sinofert
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12:02 EDTAGU, MOS, POTUSDA cuts 2014 corn output estmate on lower yields
In its latest World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture said its U.S. feed grain supplies for 2014/15 are now projected lower, with a reduction in corn production more than offsetting an increase in sorghum. Corn production is estimated 191M bushels lower, though yield and production both remain records, USDA noted. 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
10:00 EDTARAYOn The Fly: Analyst Initiation Summary
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07:03 EDTARAYAccuray initiated with an Outperform at Northland
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06:16 EDTSCTYSolarCity implied volatility of 52 at lower end of index mean range
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