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Stock Market & Financial Investment News

News Breaks
November 20, 2012
11:42 EDTMOSMosaic calls active on renewed takeover chatter
Mosaic December 52 and 55 calls are active on total call volume of 18K contracts (2K puts). December call option implied volatility is at 24, January is at 27; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders positioning for larger price movement for this frequent takeover chatter name.
News For MOS From The Last 14 Days
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February 3, 2016
16:45 EDTMOSMosaic curtails phosphate production
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January 25, 2016
13:08 EDTMOSPotash slips as analyst casts doubt on dividend
Feed and fertilizer companies Mosaic (MOS) and Potash Corp. (POT) are both trading lower after being cut to Neutral from Overweight at JPMorgan, with the research firm calling into question Potash's dividend yield in the face of weak pricing for its staple commodity products. DIVIDEND DOUBT: As lower nitrogen and potash prices pressure cash flows, Potash Corp. looks reasonably likely to cut its dividend down to $1.00 per share from $1.52 during 2016, JPMorgan analyst Jeffrey Zekauskas argued Tuesday. Zekauskas clarified, however, that the fertizilier company has "wide discretion" as to whether it might actually continue to pay its current dividend, given its $3B in monetizable equity and a healthy balance sheet that could allow additional leverage. That said, the analyst's base case is that Potash will shrink the dividend amid the industry's cyclical downturn, leading him to lower his rating on the stock to Neutral and significantly cut his 2016 earnings predictions to $1.10 from $1.45. MOSAIC: Zekauskas also lowered his rating on Mosaic to Neutral while slashing his 2016 EPS estimates to $1.85 from $2.75, citing weaker prices for potash and phosphate. Unlike Potash Corp., Mosaic looks unlikely to cut its roughly 4.6% dividend yield, the analyst said. Zekauskas maintained that both companies remain attractive for longer-term value investors, saying he plans to review their ratings after Potash potentially rethinks its dividend and Wall Street financial estimates move lower. CEO COMMENTS: Speaking at the January 21 CIBC investor conference, Potash CEO Jochen Tilk stated, "We obviously believe -- and I'm sure you concur -- that the dividend is an important part of our company. And [when] we look at the cash ability that we have in 2016, the first goal is to be prudent with our balance sheet... More specifically to the dividend, I can't talk because we have our board meetings next week... It's on the agenda. It's a big discussion. We've done a lot of work in the analysis. We've done exactly what you say. We've done all the work that leads to the visibility to our balance sheet." PRICE ACTION: Shares of Potash Corp. have fallen roughly 6.7% to $15.02, while Mosaic is down 5.7% to $22.50.
10:00 EDTMOSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at BB&T... American Express (AXP) downgraded on weak revenue outlook at Argus... Bristol-Myers (BMY) downgraded to Market Perform from Outperform at BMO Capital... Caterpillar (CAT) downgraded to Sell from Neutral at Goldman... Crestwood Equity (CEQP) downgraded to Neutral on potential distribution cut at Baird... Cummins (CMI) downgraded to Neutral from Buy at Citi... Federal Realty (FRT) downgraded to Hold from Buy at Evercore ISI... GKN PLC (GKNLY) downgraded to Neutral from Outperform at Credit Suisse... Galapagos NV (GLPG) downgraded to Neutral from Buy at GoldmanvHortonworks (HDP) downgraded to Perform from Outperform at Oppenheimer... International Flavors (IFF) downgraded on headwinds at Stifel... International Paper (IP) downgraded to Neutral from Buy at Citi... JPMorgan (JPM) downgraded to Neutral from Buy at Nomura... KapStone (KS) downgraded to Underperform from Neutral at Macquarie... Mosaic (MOS) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Equal Weight from Overweight at Stephens... ONEOK Partners (OKS) downgraded to Neutral at Baird... OvaScience (OVAS) downgraded to Perform from Outperform at Oppenheimer... Packaging Corp. (PKG) downgraded to Neutral from Buy at Citi... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... Power Solutions (PSIX) downgraded to Neutral from Overweight at Piper Jaffray... Raymond James (RJF) downgraded to Neutral from Buy at Nomura... Regeneron (REGN) downgraded to Sell from Neutral at Chardan... SanDisk (SNDK) downgraded to Underperform from Outperform at CLSA... Toll Brothers (TOL) downgraded to Market Perform from Outperform at JMP Securities... Twitter (TWTR) downgraded to Hold from Buy at Stifel... WPX Energy (WPX) downgraded to Sector Perform from Outperform at Iberia... WestRock (WRK) downgraded to Neutral from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Market Perform at BMO Capital... Zurich Insurance (ZURVY) downgraded to Neutral from Outperform at Exane BNP Paribas.
06:24 EDTMOSMosaic downgraded to Neutral from Overweight at JPMorgan
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