New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2013
10:25 EDTMOS, MOS, MOS, CE, CE, CE, ALB, ALB, ALB, POT, POT, POT, RPM, RPM, RPM, ROC, ROC, ROC, PPG, PPG, PPG, MON, MON, MON, LYB, LYB, LYB, EMN, EMN, EMN, DD, DD, DD, AGU, AGU, AGU, CF, CF, CF, DOW, DOW, DOWBofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
U.S. Chemicals Analyst McCarthy, along with Chief Economist at Doane Advisory Services, Rich Pottorff, discuss the 2013 outlook for agriculture including key row crops, recent developments in Latin America and views on important economic drivers, such as U.S. farm income, on an Analyst/Industry conference call. Relevant companies MOS, CF, AGU, DD, EMN, LYB, MON, PPG, ROC, RPM, POT, ALB, CE and DOW may be discussed on the Analyst/Industry conference call to be held on February 14 at 11 am.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
September 23, 2015
09:57 EDTMONMonsanto initiated with an Underperform at Bernstein
Target $85.
09:18 EDTDD, DOWPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
08:40 EDTMONMonsanto reinstated with a Neutral at Goldman
Target $105.
08:22 EDTDOWReport sheds new light on spending of Dow CEO, Reuters reports
Subscribe for More Information
08:12 EDTPPGPPG Industries lifts Fresno glass manufacturing force majeure
PPG Industries announced that it has restored normal operations at its Fresno, California, glass manufacturing facility and lifted the force majeure on architectural, residential and specialty glass products for customers located in the western U.S. and western Canada. The company also announced plans to invest $20M in upgrades for the Fresno facility, which will begin in January 2016. PPG plans to rebuild the glass tank and enhance other manufacturing equipment at the plant. The investment will upgrade equipment to meet continued demand for PPG flat glass products manufactured at the facility.
07:47 EDTMOS, POTJPMorgan cuts targets for Mosaic and Potash but still sees value
JPMorgan analyst Jeffrey Zekauskas says weakening demand and price trends for potash does not bode well for the China and India contracts for 2016. The analyst reduced his earnings expectations for Potash (POT) and Mosaic (MOS), but keeps Overweight ratings on both citing their "value characteristics." He cut his price target for Potash to $26 from $34 and for Mosaic to $40 from $52.
06:40 EDTPOTK+S investors urge company to reconsider Potash takeover, WSJ reports
Subscribe for More Information
September 22, 2015
16:36 EDTPOT, AGU, MOSOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street began the session sharply lower and remained that way throughout the session. There was little in the way of buying as each of the major equity indexes slid over 1% and the market internals were decidedly negative. The auto industry and biotech sector were both notably weak, after the French government called for an investigation into the entire auto industry in the wake of the Volkswagen (VLKAY) emissions scandal and Democratic Presidential hopeful Hillary Clinton presented a plan to limit the cost of drugs for consumers. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.6% to 224.5 in July, which was better than the 0.4% rise that was expected. The Richmond Fed factory index fell to -5 in September, versus the reading of 2 that was expected. In Asia, the Asian Development Bank cut its growth forecast for the region, citing a weaker outlook for China and India and a delayed recovery in the world's advanced economies. The bank now sees the Chinese economy growing 6.8% this year and 6.7% next year, down from its previous forecasts of 7.2% and 7%, respectively. COMPANY NEWS: Lloyd Blankfein, Goldman Sachs (GS) Chairman and CEO, disclosed that he was diagnosed with lymphoma. "Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured," Blankfein stated in an open letter that was shared by the bank... Bank of America (BAC) shareholders approved a proposal to ratify the 2014 amendments to the company's bylaws that permitted the board of directors to determine its leadership structure, meaning Brian Moynihan can retain his dual role as both Chairman and CEO... Shares of several fertilizer companies slid after Mosaic (MOS) announced it will reduce its potash production in response to current crop nutrient market conditions, primarily related to delayed fertilizer purchases in Brazil and North America. Shares of Mosaic finished the day down 7% at $33.87 following last night's announcement, while Potash (POT) fell 6.5% and Agrium (AGU) dropped 3.5%. MAJOR MOVERS: Among the notable gainers was Ashland (ASH), which advanced $2.78, or 2.6%, to $108.50 after announcing it will proceed with a plan to separate into two independent, publicly traded companies. Also higher was Weatherford (WFT), which gained 90c, or 10.7%, to $9.31 after cancelling plans for a public share offering, after which research firms Jefferies and Iberia both reiterated Buy-equivalent ratings on the stock. Among the noteworthy losers were Office Depot (ODP) and Staples (SPLS), which declined a respective 4% and 5.8% after the New York Post quoted a source as saying the FTC may move to block their merger plan. Also lower was Groupon (GRPN), which slipped 2.2% to $4.08 after announcing plans to cut 1,100 jobs related primarily to its international operations. ConAgra (CAG), Carnival (CCL), and CarMax (KMX) fell 7%, 5.5%, and 4.65%, respectively, following their quarterly earnings reports. INDEXES: The Dow fell 179.72, or 1.09%, to 16,330.47, the Nasdaq lost 72.23, or 1.5%, to 4,756.72, and the S&P 500 dropped 24.23, or 1.23%, to 1,942.74.
16:00 EDTDOWOptions Update; September 22, 2015
Subscribe for More Information
11:41 EDTPOT, AGU, MOSFertilizer shares slide after Mosaic announces production cuts
Shares of fertilizer companies Potash (POT), Agrium (AGU) and Intrepid Potash (IPI) are sliding after peer Mosaic Company (MOS) announced it will reduce its potash production. WHAT'S NEW: Mosaic said in a press release yesterday that it will reduce its potash production in response to current crop nutrient market conditions, primarily related to delayed fertilizer purchases in Brazil and North America. The company added that since it announced guidance in August, domestic and international crop nutrient markets have softened. Currency volatility, lower grain and oilseed prices, political and economic uncertainty, as well as global equity market declines have adversely impacted market sentiment, according to Mosaic. Joc O'Rourke, Mosaic's chief executive officer, pointed out that the long-term positive outlook for crop nutrient demand is still intact, "but the industry faces some near-term challenges in the current environment." O'Rourke said the company will remain focused on looking for opportunities to create shareholder value which includes managing production levels to demand and controlling costs. WHAT'S NOTABLE: Mosaic noted that the reduced production is expected to impact per unit costs and segment margins. The company now sees third quarter phosphate volumes at the low end of the previously communicated range of 2.1M-2.4M tons, while the average DAP selling price is expected to be in the upper half of the company's previously provided range of $435-$455 per ton. The phosphates segment margin rate is expected to be in the low 20% range as previously guided, Mosaic said. Potash volumes are expected to be in the bottom half of the previously announced 1.6M-$2M ton range and the MOP average selling price is expected to be in the bottom half of the $260-$280 per ton range. As a result of these developments and lower operating rates, Mosaic now expects the potash segment gross margin rate to be in the high teens, compared to prior guidance of the low 20% range. ANALYST TAKE: In a note to investors this morning, Canaccord said it continues to prefer Agrium in the fertilizer space, citing its retail operations, its nitrogen sales to North America, volume growth in the wholesale business, free cash flow and valuation. Canaccord reiterated its Buy rating on Agrium, but lowered its price target to $112 from $115. PRICE ACTION: Shares of Mosaic fell 7.16% to $33.83 in late morning trading. Industry peers are also lower, with Agrium down 5.34%, Potash dropping 7% and Intrepid Potash falling 5.39%.
10:00 EDTDDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Midstream (AM) upgraded to Outperform from Neutral at Credit Suisse... China Southern Airlines (ZNH) upgraded to Neutral from Underperform at Macquarie... DuPont (DD) upgraded to Buy from Neutral at Citi... Entergy (ETR) upgraded to Overweight from Equal Weight at Barclays... HSBC (HSBC) upgraded to Conviction Buy from Buy at Goldman... KLA-Tencor (KLAC) upgraded to Buy from Neutral at Nomura... Total (TOT) upgraded to Buy from Hold at Societe Generale.
07:49 EDTAGU, POT, MOSAgrium preferred company in fertilizer space, says Canaccord
Subscribe for More Information
05:44 EDTDDDuPont upgraded to Buy from Neutral at Citi
Citi analyst P.J. Juvekar upgraded DuPont to Buy saying the company has "tremendous value creation levers" to pull following the 30% pullback in shares year-to-date. Options available to management include additional cost cuts, returning more cash to shareholders, potentially splitting the company, and acquisitions, Juvekar tells investors in a research note. He raised his price target for shares to $63 from $58.
September 21, 2015
16:23 EDTMOSMosaic revises Q3 guidance, plans to reduce potash production
Subscribe for More Information
14:40 EDTDOWiPath S&P 500 VIX Short-Term Futures down 90c to 23.79
Option volume leaders: AAPL NFLX BAC FB BABA DOW TSLA
14:18 EDTEMN, DOWPetrochemical stocks advance after IRS official's comments, WSJ says
Subscribe for More Information
10:00 EDTPOTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Sector Perform from Outperform at RBC Capital... Aircastle (AYR) downgraded to Underperform from Buy at BofA/Merrill... Atmel (ATML) downgraded to Hold from Buy at Craig-Hallum... Boston Properties (BXP) downgraded to Neutral from Buy at Mizuho... Buenaventura (BVN) downgraded to Neutral from Outperform at Credit Suisse... CARBO Ceramics (CRR) downgraded to Underperform from Sector Perform at Iberia... Cameron (CAM) downgraded to Sector Perform from Outperform at Iberia... D.R. Horton (DHI) downgraded to Hold from Buy at Deutsche Bank... General Finance Corp (GFN) downgraded on pricing pressures at Oppenheimer... Greenbrier (GBX) downgraded to Market Perform from Outperform at Wells Fargo... HCP (HCP) downgraded to Sell from Neutral at Goldman... Helmerich & Payne (HP) downgraded to Sector Perform from Outperform at Iberia... ImmunoGen (IMGN) downgraded to Underweight on IMGN 853 risk at Morgan Stanley... Janus Capital (JNS) downgraded to Underweight from Equal Weight at Morgan Stanley... Key Energy (KEG) downgraded to Sector Perform from Outperform at Iberia... Melco Crown (MPEL) downgraded to Underperform from Neutral at Macquarie... Olympic Steel (ZEUS) downgraded to Sector Weight from Overweight at KeyBanc... Potash (POT) downgraded to Underperform from Neutral at Macquarie... Precision Castparts (PCP) downgraded following acquisition at RBC Capital... Rocky Brands (RCKY) downgraded to Neutral from Buy at B. Riley... Sirona Dental (SIRO) downgraded to Equal Weight from Overweight at Stephens... Tribune Publishing (TPUB) downgraded to Underperform from Neutral at Macquarie... Trinity Industries (TRN) downgraded on lower growth outlook at Wells Fargo... Waddell & Reed (WDR) downgraded to Underweight from Equal Weight at Morgan Stanley... WisdomTree (WETF) downgraded to Equal Weight from Overweight at Morgan Stanley... ZS Pharma (ZSPH) downgraded to Equal Weight on valuation at Morgan Stanley.
09:00 EDTALBAlbemarle management to meet with JPMorgan
Subscribe for More Information
08:46 EDTCF, MON, AGUBofa/Merrill agribusiness analysts hold analyst/industry conference call
Subscribe for More Information
08:31 EDTPOTPotash downgraded to Underperform from Neutral at Macquarie
Subscribe for More Information
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use