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Intrepid Potash, Inc. Announces Preliminary Fourth Quarter Sales
Thursday, January 20, 2011 - 4:33pm | 161Intrepid Potash, Inc. (NYSE: IPI) announced today preliminary sales and production results for the fourth quarter 2010 and provided an update on its capital investment program. On an unaudited basis, during the fourth quarter of 2010, Intrepid estimates that it produced between 215,000 and 225,000...
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Market Re-Run 01-20-2011
Thursday, January 20, 2011 - 2:47pm | 1042Cusick's Corner Here's the long and short of this market action -- profit taking. While this has not violated the larger uptrend, this is a distribution that we have not seen in over a month. Right now the market looks and feels a lot like last spring, where after a nice run up, consolidation,...
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The Scotts Miracle-Gro Company Declares Dividend of $.25
Thursday, January 20, 2011 - 12:34pm | 56The Scotts Miracle-Gro Company (NYSE: SMG), the world's largest marketer of branded consumer lawn and garden products, announced today that its Board of Directors has approved the payment of a cash dividend of $0.25 per share. The dividend is payable Thursday, March 10, 2011, to shareholders of...
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Alert: Metal Stocks May Bounce
Thursday, January 20, 2011 - 12:21pm | 226The markets are getting hit again, though beginning to move off their lows of the day. There has been a key move to the upside in United States Steel Corporation (NYSE: X). While an analyst upgraded the price target also a massive support was hit at the lows today. These have triggered a solid...
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Markets Sell Again, What You Must Know
Thursday, January 20, 2011 - 12:01pm | 432The markets sold for the second straight day, dropping sharply as commodities took the brunt of the sell off. The SPDR S&P 500 ETF (NYSE: SPY) opened slightly lower on the day and then collapsed, much like yesterday. The SPY is trading at $127.40, -0.85 (-0.66%). The key to the drop today was...
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Time for a Correction? 5 Hedging Strategies
Thursday, January 20, 2011 - 7:50am | 2379As the market has been grinding higher over the past few months, we've heard many bears state that we are overbought and that we're due for a correction. The overbought part was likely true, but no correction was in sight on the back of QE2. I don't like being short when the printing presses...
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Earnings Mixed 01-19-2011
Wednesday, January 19, 2011 - 2:54pm | 930Cusick's Corner Looks like the market is following that short-term trend I have been discussing in the last few Corners: challenge to the upside on good/great earnings, pulling back now at 1283 on SPX and on the way to mid month lows, then on to possibly consolidate for a period until longs can...
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Stock Market News for Jan 19, 2011 - Market News
Wednesday, January 19, 2011 - 10:31am | 1488Investors' optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding prices of Apple (NASDAQ...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 10:01am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Stock Market News for Jan 19, 2011 - Market News
Wednesday, January 19, 2011 - 9:15am | 1488Investors' optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding prices of Apple (NASDAQ...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 9:09am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Cargill to Divest Itself of Massive Mosaic (MOS) Opening Up Potential for Acquisition Bid
Wednesday, January 19, 2011 - 8:00am | 1219Since this website began in 2007, I've been questioning what the heck Cargill is doing with its stake in Mosaic (MOS). The percent ownership was so large it did not allow for any realistic takeover bid for the company, but when owning 2/3rds why not go the full monty? Last night, Cargill...
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Mosaic Falls 2% After-Hours (MOS)
Tuesday, January 18, 2011 - 4:33pm | 133Shares of The Mosaic Company (NYSE: MOS) are falling in the after-hours trade, currently off by 2.20%. Shares are currently trading at $83.20; they closed the regular session at $85.07. The companies jointly announced a transaction that would result in the distribution of Cargill's 64% stake in...
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Cargill Spinning Off Mosaic
Tuesday, January 18, 2011 - 4:29pm | 54Cargill has reported that it is spinning off Mosaic (NYSE: MOS), making Mosaic both public and wholly owned. This will allow Cargill to remain private, while still having many of the benefits of a publicly traded company. Mosaic was formed in 2004 and was last trading at 83.47.
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Mosaic and Cargill to Split-off and Orderly Distribute Cargill Stake in Mosaic
Tuesday, January 18, 2011 - 4:20pm | 122The Mosaic Company (NYSE: MOS) and Cargill today jointly announced a transaction that would result in the distribution of Cargill's 64 percent stake, or 286 million share position, in Mosaic to Cargill's shareholders and debt holders. The transaction will enable Cargill to accomplish several...