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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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July 23, 2014
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 18, 2014
08:31 EDTMOS, POTPotash Corp BG Mosaic could become BHP takeover targets, says Bernstein
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July 16, 2014
11:30 EDTCFCF Industries resumes production at Woodward, Oklahoma nitgrogen complex
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10:00 EDTPOTOn The Fly: Analyst Downgrade Summary
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09:13 EDTAGUCleveland Research sees risk to Agrium 2H and FY15 Street estimates
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07:21 EDTPOTPotash downgraded to Hold from Buy at TD Securities
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July 9, 2014
10:02 EDTPOTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
07:19 EDTPOTNew Potash head maintains output goals as competition rises, Reuters says
New Potash CEO Jochen Tilk said he will maintain the Canadian firm's focus on supporting the cost of potash by matching output of the crop nutrient to demand instead of maximizing sales volume to ward off rivals, according to Reuters, citing comments from Tilk. Reference Link
05:45 EDTPOT, MOSPotash downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Potash (POT) to Neutral citing valuation with shares near the firm's unchanged price target of $38. JPMorgan prefers Mosaic (MOS) at current valuation levels. The firm believes falling crop prices in anticipation of high domestic corn and soybean supplies could weigh on Potash shares.

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