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Stock Market & Financial Investment News

News Breaks
January 4, 2013
11:56 EDTPOT, AGU, CF, MOSFertilizer 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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April 23, 2015
11:31 EDTAGUAgrium to divest West Sacramento site
Agrium announced that it intends to divest the West Sacramento product upgrade facility and site in 2015. The site has access to tidewater and imports the raw materials to produce UAN solutions for the California market. Over the past two years, the site has produced on average about 200,000 tonnes of nitrogen solution products. The decision to divest the site was made as part of Agrium's portfolio review and any impact on financials are expected to be negligible.
10:00 EDTPOTOn The Fly: Analyst Upgrade Summary
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07:58 EDTPOTPotash upgraded to Buy from Hold at HSBC
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April 22, 2015
10:02 EDTAGUOn The Fly: Analyst Downgrade Summary
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06:17 EDTAGUAgrium downgraded to Sell from Neutral at Citigroup
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April 15, 2015
10:36 EDTMOSBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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April 14, 2015
07:18 EDTMOS, POTPotash prices likely to continue rising in 2015, says Stifel
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