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Stock Market & Financial Investment News

News Breaks
February 26, 2013
15:21 EDTPOTPotash says "strong consumption trends masked by destocking" in FY12
In a slides presentation from the company presentation at the BMO Global Metals and Mining Conference, Potash Corp. (POT) said that slower demand periods have historically been followed by robust growth. The slower demand period they are referring to is 2012, in which significant global distributor inventory destocking impacted potash demand. The company estimates 2013 world potash shipments of 55-57M tons up from an estimate of 51M tons shipped in 2012. The company notes that significant tonnage has been contracted for 1H delivery but foresees lower potash prices to to reduce government subsidy levelers in India. Potash continues to see "crop economics" to drive increased fertilizer applications, In late day trading Potash is up 0.6% to $38.82.
News For POT From The Last 14 Days
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July 29, 2014
06:03 EDTPOTPotash implied volatility of 17 at lower end of index mean range
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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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06:12 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
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.
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 EDTPOTPotash Corp BG Mosaic could become BHP takeover targets, says Bernstein
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