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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:30 EDTMOS, IPI, AGU, POTAnalyst says investors should unload fertilizer stocks
Investors should sell stocks of fertilizer makers, BMO Capital analyst Joel Jackson wrote today in a note to investors. WHAT'S NEW: Fertilizer stocks may not rise much this year, as their multiples have already increased significantly compared with chemical and mining stocks, and the market as a whole, BMO Capital analyst Joel Jackson wrote. Moreover, Jackson believes that the stocks already reflect the lift that the sector typically gets during January and February, along with the possibility that the Belarusian Potash Company will be rejuvenated. A cartel that was created in an effort to keep fertilizer prices high, the company was disbanded when Russian potash maker Uralkali withdrew from it last year. Moreover, analysts' 2014 and 2015 estimates for the sector must drop further, partly because crop prices have dropped significantly, while the potash supply/demand dynamic is deteriorating, the analyst added. He identified Agrium (AGU) as his top pick in the sector, and kept Market Perform ratings on Potash (POT) and Mosaic (MOS). He maintained an Underperform rating on Intrepid Potash (IPI). PRICE ACTION: In late morning trading, Potash gained 2% to $35, Mosaic advanced 3% to $49.50, Agrium added 0.7% to $94.30, and Intrepid Potash rallied 4% to $17.
News For POT;IPI;MOS;AGU From The Last 14 Days
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February 26, 2015
08:36 EDTAGUAgrium management to meet with
Meetings to be held in Los Angeles/Pasadena on February 26 hosted by UBS.
February 25, 2015
08:28 EDTAGUAgrium price target raised to $140 from $126 at Susquehanna
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07:33 EDTAGUAgrium price target raised to $131 from $110 at Credit Suisse
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07:23 EDTAGU, IPIBofA/Merrill to hold a conference
Global Agriculture Conference 2015 is being held in Ft Lauderdale, FL on February 25-26.
February 24, 2015
07:08 EDTAGUAgrium management to meet with UBS
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February 23, 2015
19:03 EDTAGUAgrium sees FY15 EPS $7.00-$8.50, consensus $7.55
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19:01 EDTAGUAgrium reports Q4 ex-items EPS 77c, consensus 60c
Reports Q4 revenue $2.71B, consensus $2.96B.
15:23 EDTAGUNotable companies reporting after market close
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07:40 EDTMOS, POTBMO Capital to hold a conference
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February 18, 2015
18:55 EDTIPIOn The Fly: After Hours Movers
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16:08 EDTIPIIntrepid Potash sees 2015 potash sales 830K-870K tons
The company said, "Potash sales volume this year is expected to approximate production volume as Intrepid entered 2015 with low inventory levels after the record sales volumes in 2014. The 2015 production and cost outlooks are similar to 2014 levels as a result of reduced solar production from the Wendover facility due to abnormally high precipitation during 2014 that supported below average evaporation rates. Per ton cash operating costs and cost of goods sold for potash are expected to improve in the second half of 2015. This trend incorporates the positive production mix shift to more low cost solar solution tons in the second half of this year including the continued ramp-up of the HB mine. The HB mine remains on track to achieve full production levels in 2016."
16:07 EDTIPIIntrepid Potash reports Q4 EPS 8c, consensus 2c
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