Postash, Mosaic, and MOO Love Goldman Sachs (POT, MOS, MOO)
Potash Corp. (NYSE: POT) is trading higher this morning after Goldman Sachs raised the potash maker to the Conviction Buy List to take advantage of a sharp sell off in fertilizer stocks last week. Mosaic Co. (NYSE: MOS) was also raised to Buy from Neutral. Goldman Sachs’ view of a fundamental demand recovery in potash [...]
Potash Smells on Guidance (POT, MOS)
Potash Corp. of Saskatchewan (NYSE: POT) is down after the fertilizer and potash player lowered its 2009 earnings guidance to $3.25 to $3.75 from $4.00 to $5.00 and compared to First Call consensus estimate of $4.16. The company also expects Q3 EPS to be at the low end of prior guidance. Shares are down close [...]
Citi Knocks Potash (MOS, POT)
The Mosaic Company (NYSE: MOS) and Potash Corp. of Saskatchewan (NYSE: POT) are both getting clipped on an analyst downgrade this morning. The two potash leaders were both Cut to Hold from Buy at Citigroup. Volume is still light because of the specialist being in controil, but that light volume will start to surge as [...]
Mosaic Sees Unusual Options Trading (MOS)
Mosaic Co. (NYSE: MOS) is seeing some unusual trading today, particularly in its SEPT-2009 CALL OPTIONS. At 11:06 AM EST we have shares of the common stock up over 3% at $49.90 on almost 3.8 million shares. Average volume is 6.9 million shares and the 52-week trading range is $21.94 to $104.00. The real action [...]
PREMARKET ALERT: Mosaic Co. (MOS)
Mosaic Co. (NYSE: MOS) shares are up roughly 12 percent to $50 on early premarket volume of about 20,000 shares. Speculation is rising that Vale SA (VALE) may make a $25 billion bid for Mosaic, following a report in the publication Estado. Some other agriculture and fertilizer stocks are rising in premarket trading on the [...]
Fertilizer begins to fly as Russian miners demonstrate pricing power (POT, IPI, MON, AGU, MOS)
Fertilizer stocks are gaining ground, with stocks including Potash CP (NYSE: POT) trading rising 4 percent, above $94, with nearly half its average volume changing hands in the first hour of Thursday trading.
The company could be benefit from a Bloomberg.com’s report that Russia’s two largest potash miners plan to raise prices for domestic fertilizer producers [...]
The agriculture stocks that could benefit from Monsanto results (MON, POT, IPI, AGU, MOS)
Monsanto Co. (NYSE: MON) shares are up about 2% after the company beat earnings expectations by 8 cents a share, reaffirmed guidance for fiscal 2009, and said it remains committed to doubling its gross profit over the next three years.
The company’s revenue was weak, but that was somewhat expected, due to its revised guidance in late [...]
After-Hours Gappers (JNPR, CSCO, WBSN, BBBY, BIIB, AA, MOS)
These are the stocks we are seeing trading up or down in the after-hours session this Tuesday evening:
Juniper Networks, Inc. (JNPR) preliminary guidance of $760 to $765 million in revenues, down from prior range of $800 to $830 million; but earnings now seen as $0.16 to $0.17 rather than $0.15 to $0.17 EPS. Shares were [...]
Volume Spike: MOSAIC (MOS)
Mosaic Co. (NYSE: MOS) is getting slapped around this morning. This rose over 8% Friday on an otherwise awful market day and its call option activity was through the roof. With a minute until the open, we have shares down almost 5% at $40.96 on close to 63,000 shares in pre-market trading. The reason for [...]
Volume Surge: Monsanto Earnings Pulls Agriculture Stocks (MON, POT, MOS, MOO)
Monsanto Co. (NYSE: MON) has just come out and reported earnings. The company beat earnings estimates but the top-line numbers and guidance aren’t going to be enough on the surface to keep everyone happy. This is dragging down the entire sector with more than one hour to the open. Monsanto’s stock is [...]
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