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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:30 EDTPOT, IPI, MOS, AGUAnalyst 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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October 20, 2014
09:32 EDTMOSMosaic upgraded to Outperform from Sector Perform at Scotia Capital
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08:58 EDTMOSPartnerRe to provide $100M financing for Mosaic's home solar loan program
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October 16, 2014
14:13 EDTPOT, MOS, IPI, AGUU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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October 10, 2014
12:05 EDTMOS, IPI, POT, AGUUSDA raises U.S. corn production estimate to 14.475B
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