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Fertilizer Stocks Rally On BHP's Takeover Bid For Potash (BHP, POT, MOS, AGU, CF)
Tuesday, August 17, 2010 - 10:52am | 127The fertilizer complex is surging today after BHP Billiton (NYSE: BHP) made an unsolicited $130 per share takeover bid for Potash (NYSE: POT). Potash's board has rejected the bid as "grossly inadequate," and POT shares have surged 25% to $140.19. Other names are on the move as well, including...
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Materials Stocks Surging (CLF, CENX, FCX)
Tuesday, August 17, 2010 - 10:49am | 106Materials stocks are surging this morning after a better-than-expected reading on industrial production for July. The Federal Reserve said industrial production rose 1.0 percent in July on strong factory output from auto manufacturing. The results were better than the 0.7 percent expected. Capacity...
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Stock Market News for August 17, 2010 - Market News
Tuesday, August 17, 2010 - 9:43am | 1071With the U.S. economic outlook pretty much uncertain investors wondered if it is the right time to buy stocks. However, they found little reason to pick up shares and chose to remain on the sidelines, sending trading volume to its lowest of the year. The Dow industrials failed to snap their four-...
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Company News for August 17, 2010 - Corporate Summary
Tuesday, August 17, 2010 - 9:43am | 597• BHP Billiton (NYSE: BHP) confirmed a bid for Potash (NYSE: POT), valued at $130 per share, or $38.5 billion. • Home Depot (NYSE: HD) announced second quarter results of 72 cents a share, one cent above Zacks estimates, and up from 66 cents a year ago; however, sales up 1.8% to $19.41 billion...
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China Green Agriculture Up Strong In Pre-market On Potash Takeover (CGA)
Tuesday, August 17, 2010 - 9:20am | 79Shares of China Green Agriculture, Inc. (NYSE: CGA) are up 2.4% in pre-market trading as the company is getting a bump after Potash (NYSE: POT) received, and ultimately turned down an unsolicited bid from BHP Billiton (NYSE: BHP) this morning for $130 per share. Shares of China Green Agriculture...
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Potash Rejects $38B Bid from BHP Billiton
Tuesday, August 17, 2010 - 9:17am | 146Fertilizer company Potash of Saskatchewan saw its shares jump nearly 30% on Tuesday after the company said Australian mining giant BHP Billiton had made an unsolicited offer to purchase Potash for more than $38 billion in cash. The unsolicited bid by BHP (NYSE: BHP) would value Potash (NYSE: POT)...
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Potash Believes Offer 'Grossly Inadequate' (POT)
Tuesday, August 17, 2010 - 9:02am | 307Potash (NYSE: POT) is having a conference call this morning to discuss the offer that BHP Billiton (NYSE: BHP) made this morning for the company. It offered $130 per share for the potash producer. In the conference call, CEO Bill Doyle commented, "Global demand for food is steadily increasing,...
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Potash (POT) in Play as Long Rumored Bid by BHP Billiton (BHP) Comes to Fruition - Stock Up 25% Premarket
Tuesday, August 17, 2010 - 8:00am | 1138While we do not have a huge position in Potash (POT) we were fortunate to have something, as the long rumored bid by BHP Billiton (BHP) is announced this morning. I never got the impression Mr. Doyle would want to sell the company since it has such an unique franchise and the potash market is sort...
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Top Performing Industries For August 16 (PZZ, BBW, VPF, MGN)
Monday, August 16, 2010 - 1:18pm | 216At 12:09 pm, the Dow gained 0.19% to 10,322.90, the broader Standard & Poor's 500 index moved up 0.22% to 1,081.59 and the NASDAQ composite index rose 0.71% to 2,188.92. The industries that are still afloat in the market today are: Medical Practitioners: This industry jumped 11.47% by 12:09 pm...
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Weaker Dollar Lifts Commodities, However, Stocks Start Weak
Monday, August 16, 2010 - 9:50am | 242This morning the S&P 500 e-mini futures(ES-U0) are trading lower 3.25 to $1072.75. This small decline lower comes despite a early rally higher in some leading commodities and commodity stocks. Often when the U.S. Dollar Index declines most leading commodities will inflate and trade higher. Oil...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 2
Monday, August 16, 2010 - 8:00am | 2519Year 4, Week 2 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 72.7% (v 62.5% last week) 21 long bias: 23.2% (v 32.4% last week) 2 short bias: 4.1% (v 5.1% last week) 23 positions (vs 27 last week)...
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Earnings Scorecard Blog: Rio Tinto - Analyst Blog
Friday, August 13, 2010 - 1:07pm | 1020Following the interim results of fiscal 2010 on August 5, the analysts’ opinions are mixed on Rio Tinto (RTP) emanating from the new pricing system, which increased its commodity prices by more than 30% on an average and the huge amount of capital expenditure planned by the company. In the first...
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MakeMyTrip (MMYT) - Why Can a Barely Profitable Travel Firm IPO Rally 90% in 1 Day? It's Indian.
Friday, August 13, 2010 - 11:13am | 1926A reader highlighted a company I was not aware of in the comments section yesterday - MakeMyTrip (MMYT). I went to look up the stock and saw it was an IPO up nearly 80% on the session (at the time).... in a bad tape no less. I did a lot more digging on it last night and quite an interesting story...
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Potash, Rio Tinto Eye Stakes In Russia's Uralkali
Friday, August 13, 2010 - 6:10am | 167Potash Corp. (NYSE: POT), the largest North American maker of its namesake fertilizer, and mining giant Rio Tinto (NYSE: RTP) are reportedly interested in Russian potash miner Uralkali. Russia is looking to diverse its economy beyond oil and natural gas and may seek foreign investment to bolster...
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Top 4 Stocks In The Industrial Metals And Minerals Industry With The Highest Dividend Yield (NRP, PVR, ARLP, BBL)
Friday, August 13, 2010 - 5:42am | 130Below are the top industrial metals and minerals stocks on the NYSE and the NASDAQ in terms of dividend yield. Natural Resources Partners LP (NYSE: NRP) has a dividend yield of 8.50%. NRP’s shares closed at $25.46 yesterday. Penn Virginia Resource Partners LP (NYSE: PVR) has a dividend yield of 8....