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Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:44 EDTPOT, BHPPotash Corp. advances after report says BHP could make new bid
Potash Corp. of Saskatchewan (POT) shares are higher this morning following a report that indicated BHP Billiton (BHP) may make another bid for the company. BHP Billiton, a diversified natural resources company, previously tried and failed to buy Potash Corp., an integrated fertilizer and related products maker, in 2010, but failed the government's "net benefit test" and the Saskatchewan government opposed a deal. WHAT'S NEW: The Globe and Mail this morning reported that BHP could consider making a new bid for Potash Corp. The Canadian publication notes that a deal is "not a sure thing," but adds that owning Potash Corp. would be the best way for BHP Billiton to get into the potash business. The Globe and Mail said the value of the potential deal could be "more like $40B," though the "real" cost would be less. BHP has not expressed interest in Potash's operations in phosphate and nitrogen, according to the report, which speculates that BHP could possibly look to sell off those operations and could also look to mothball Potash Corp's $15B Jansen project in Saskatchewan. WHAT'S NOTABLE: The Fly notes that Jochen Tilk will become president and CEO of Potash Corp. on July 1. ANALYST REACTION: Miller Tabak upgraded shares of Potash to Neutral from Sell following the Globe and Mail report. PRICE ACTION: Potash Corp. shares trading in New York were up 60c, or 1.77%, to $34.49 in late-morning trading. Meanwhile, BHP Billiton shares trading in New York were down $1.35, or 1.9%, to $69.89.
News For POT;BHP From The Last 14 Days
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July 24, 2014
06:29 EDTPOTPotash raises FY14 global shipments to 56.5M-58M tonnes
Expects strong domestic order book in 2H14. Producer inventories in North America are projected to remain tight as scheduled maintenance downtime is expected to limit production for most producers in a period of relatively robust demand. North America shipments are expected to be strong during the third quarter as dealers work to position product in advance of what is anticipated to be an active fall application season. For full-year 2014, the company expects potash shipments to this market could exceed 10M tonnes. Potash demand in Latin America is expected to remain strong ahead of its key planting season. Potash anticipates shipments to this market will remain elevated through the third quarter although total deliveries could slow relative to those of the comparative period last year. Maintains our view that Latin American demand could reach record levels in 2014 of approximately 10.5 million tonnes. In China, potash demand will approximate 12M tonnes. or the full year, Canpotex will ship approximately 1.2 million tonnes under terms contained in the January 2014 contract with Sinofert.
06:26 EDTPOTPotash: Global shipments accelerated through Q2
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06:16 EDTBHPBHP Billiton looks to ramp up iron ore output, WSJ reports
Despite declining prices, BHP Billiton is planning to continue to expand iron ore production, the Wall Street Journal reports. Reference Link
06:12 EDTPOTPotash sees FY14 sales volumes of 8.9M-9.2M tonnes
Sees FY14 CapEx $1.1B; Sees FY14 effective tax rate of 26%-28%
06:08 EDTPOTPotash reports Q2 potash gross margin $395M vs. $613M last year
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06:05 EDTPOTPotash sees FY14 EPS $1.70-$1.90, consensus $1.69
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06:03 EDTPOTPotash sees Q3 EPS 35c-45c, consensus 40c
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06:02 EDTPOTPotash reports Q2 EPS 56c, consensus 46c
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July 23, 2014
18:53 EDTBHPBHP Billiton, Anglo seek buyers for manganese assets, WSJ reports
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15:30 EDTPOTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Ford (F), consensus 36c; General Motors (GM), consensus 58c; Potash (POT), consensus 46c; Caterpillar (CAT), consensus $1.52; 3M (MMM), consensus $1.91; Union Pacific (UNP), consensus $1.43; Bristol-Myers Squibb (BMY), consensus 44c; Eli Lilly (LLY), consensus 65c; Celgene (CELG), consensus 89c; Precision Castparts (PCP), consensus $3.35; Raytheon (RTN), consensus $1.59; Noble Energy (NBL), consensus 79c; Hershey (HSY), consensus 76c; Southwest Airlines (LUV), consensus 61c; Boston Scientific (BSX), consensus 19c; JetBlue (JBLU), consensus 19c.
15:17 EDTBHPBHP Billiton, Anglo seek buyers for manganese assets, DJ says
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13:51 EDTPOTEarnings 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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July 18, 2014
08:31 EDTPOT, BHPPotash Corp BG Mosaic could become BHP takeover targets, says Bernstein
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July 17, 2014
07:51 EDTBHPBHP Billiton urges India to focus on infrastructure, not mining, WSJ says
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July 16, 2014
10:00 EDTPOTOn The Fly: Analyst Downgrade Summary
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07:21 EDTPOTPotash downgraded to Hold from Buy at TD Securities
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July 14, 2014
07:04 EDTBHPExterran Partners to acquire natural gas compression assets from MidCon
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