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JP Morgan Raises PT On CF Industries To $150
Tuesday, February 22, 2011 - 6:43am | 28JP Morgan has raised the price target on CF Industries Holdings (NYSE: CF) from $130 to $150 and maintains its Neutral rating.
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BHP Billiton Just Can't Leave M&A Alone
Saturday, February 19, 2011 - 8:08pm | 224After saying earlier this week that it would leave large-scale mergers and acquisitions alone for a while to spend $80 billion to develop and expand its own mines and oil and gas fields, BHP Billiton (NYSE: BHP), the world's largest mining company, may go back on the hunt for deals within a year....
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Calls Purchased on The Scotts Miracle-Gro Company (SMG)
Friday, February 18, 2011 - 2:16pm | 136Shares of The Scotts Miracle-Gro Company (NYSE: SMG) are higher on the session by 2.28%, currently trading at $54.25. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name...
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Correction Underway In The Ag Space (AGU, MOS, POT, CF)
Friday, February 18, 2011 - 12:47pm | 136Fertilizer related stocks are in correction mode during Friday's trading session. These stocks have been some of the hottest names in the market, and it looks like some traders are taking a little off of the table as we head into the weekend. In addition, CF Industries (NYSE: CF) released...
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CF Industries Down 2.5% Despite Better Than Expecgted Earnings (CF)
Thursday, February 17, 2011 - 5:15pm | 246CF Industries Holdings, Inc. (NYSE: CF) shares are down 2.5% in extended hours, despite beating earnings estimates. The company reported earnings of $2.78 $CF - Q4 EPS $2.78 per share on revenues of $2.4 billion. Wall Street was looking for earnings of $2.61 per share on revenues of $2 billion...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Potash (POT, CSCO, BPL, SNI, DIS, WYNN, LVS, MPEL)
Wednesday, February 16, 2011 - 3:25am | 210On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Potash (NYSE: POT) is “down six today and that's a buying opportunity. Use the weakness; this stock is heading to $200." For Cisco Systems (NASDAQ: CSCO), he said, "Are you kidding me? No, it's not a good time to buy Cisco. No....
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Agriculture Stocks Take A Nosedive
Tuesday, February 15, 2011 - 3:41pm | 328Since early July 2010, the agriculture sector has lead the major stock market indexes higher. Most other sectors did not begin to rally until the Federal Reserve Bank announced its quantitative easing program in late August 2010. The leading agriculture stocks have all been steadily advancing...
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Trading Food Inflation (MOO, DBA, FUD, CF, POT)
Tuesday, February 15, 2011 - 12:56pm | 330The World Bank says food prices are at "dangerous levels," and more people are moving into poverty since last summer as a result of rising food prices. According to the latest edition of its Food Price Watch, prices of food rose 15% from October to January, which hurts the poor that much more....
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Potash Down 4% (POT)
Tuesday, February 15, 2011 - 12:39pm | 72Shares of Potash Corp. (NYSE: POT) are getting killed on Tuesday. The shares are currently trading down more than 4% at $182.33 and is sitting at new lows for the day. Despite the sell-off, POT shares are still up more than 6% in the last month. One new shareholder in the company is David Einhorn'...
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Options Expiration Whipsaw Starts Up
Tuesday, February 15, 2011 - 12:10pm | 329After the lightest trading day of the year yesterday, the markets kicked it up a notch. They opened lower after retail sales came in below expectations. After an initial move higher from the gap down, the markets sold sharply as the Dollar gained. Then, as the lunch time volume kicked in, the...
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Sell-Off In The Fertilizer Space (MOS, MON, POT, AGU)
Tuesday, February 15, 2011 - 12:00pm | 110All of the red-hot fertilizer names are undergoing a correction on Tuesday along with grain and soft commodity prices. CBOT wheat futures, for example, have lost 2.57%. Monsanto (NYSE: MON) is leading the way down, losing 3.29% to $72.61. Shares of Potash Corp. (NYSE: POT) are not far behind,...
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Jefferies Raises PT On Monsanto To $70
Tuesday, February 15, 2011 - 7:48am | 26Jefferies & Company has raised the price target on Monsanto (NYSE: MON) from $68 to $70 and maintains its Hold rating.
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HSBC Downs SYT To Neutral
Friday, February 11, 2011 - 5:58am | 39Analysts at HSBC downgrade Syngenta AG (NYSE: SYT) from “overweight” to “neutral.” SYT shares fell 1.71% to close at $66.05 yesterday. More Analyst Ratings here
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J.P. Morgan Raises PT on Agrium to $105 (AGU)
Thursday, February 10, 2011 - 8:50am | 144J.P. Morgan is out with its report today on Agrium (NYSE: AGU), raising its price target from $95 to $105. In a note to clients, J.P. Morgan states, "We rate Agrium Overweight. AGU shares currently trade at an Enterprise Value/EBITDA multiple of 7.3x our 2011 EBITDA estimate. We raised our December...
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Benzinga's Top Downgrades (ITT, HUM, CSCO, IPI)
Thursday, February 10, 2011 - 8:27am | 136ITT Corporation (NYSE: ITT) was downgraded by Morgan Stanley from "equal weight" to "underweight." ITT's shares closed at $59.73 yesterday. ITT's trailing-twelve-month profit margin is 7.26%. Humana Inc (NYSE: HUM) was downgraded by Oppenheimer from "outperform" to "perform." HUM's stock closed at...