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Stock Market & Financial Investment News

News Breaks
January 4, 2013
11:56 EDTMOS, AGU, POT, CFFertilizer makers advance after Mosaic's earnings beat expectations
Mosaic (MOS) shares are climbing after the company reported higher than expected second quarter earnings per share and revenue that was roughly in-line with expectations. "Agricultural fundamentals are exceptionally strong around the globe, and that bodes well for Mosaic over the long term," said Mosaic CEO Jim Prokopanko on the company's earnings conference call. U.S. farmers have a great deal of cash, and will use it on products that help them obtain the largest crops possible, added the CEO. However, there are some short-term negatives, as Prokopanko said he would have been happier if China - which earlier this week signed a new contract for Canadian potash - had agreed to pay higher prices for the fertilizer. Furthermore, India's regulations continue to harm the industry, the CEO indicated. Despite these challenges, demand for the company's products in free markets remain strong and should accelerate, Prokopanko reported. In late morning trading, Mosaic (MOS) climbed 2.68% to $58.29, while fellow fertilizer makers rose as well. Agrium (AGU) advanced 1.22% to $103.48, Potash (POT) added 0.98% to $41.34 and CF Industries (CF) climbed 1.73% to $209.83.
News For MOS;AGU;POT;CF From The Last 14 Days
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August 28, 2014
08:09 EDTAGUAgrium unit enters commercialization, technology development agreement
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August 26, 2014
08:03 EDTAGUAgrium unit acquires controlling interest in Agricen
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August 25, 2014
08:54 EDTCFCF Industries management to meet with JPMorgan
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August 21, 2014
17:22 EDTAGUAgrium names Steve Douglas as CFO, effective November 3
Agrium is pleased to announce Steve Douglas has accepted the position of Senior Vice President and CFO effective November 3. Steve comes to Agrium from Brookfield Asset Management where he was Senior Managing Partner and CFO of Brookfield Property Partners and also previously held the role of CFO at Falconbridge.

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