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Window Dressing 09-30-2010
Thursday, September 30, 2010 - 1:56pm | 859Cusick's Corner The sellers came in this morning right at strategic levels, 1153 on the DEC S&P e-minis, so we need to see if there is any more window dressing into the After Hours. With the Dollar up, bond yields up and the Aussie pulling back, the shorts seem to have control at this juncture...
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Monsanto To Bounce? (MON)
Thursday, September 30, 2010 - 1:15pm | 184Shares of Monsanto Company (NYSE: MON) are lower on the session by 0.53%, currently trading at $47.74. The stock has been moving largely lower over the past few weeks, falling from a recent high around the 50-day moving average, at $62.00. One option trader is betting that shares could rebound over...
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Credit Suisse Upgrades CF To Outperform
Thursday, September 30, 2010 - 6:33am | 52Analysts at Credit Suisse upgrade CF Industries Holdings Inc (NYSE: CF) from "neutral" to "outperform." The target price for CF has been raised from $109 to $128. CF shares lost 2.01% to close at $99.35 yesterday. More Analyst Ratings here
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Sinochem Finds The Going Tough For Potash
Thursday, September 30, 2010 - 12:01am | 197Sinochem International, China's largest chemicals trader, is finding it difficult to attract partners to help it pursue a counter bid to BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover offer for Potash Corp. (NYSE: POT). Sinochem, which received preferred status from the Chinese...
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Real Estate Sector May Be Poised For Bounce 09-29-2010
Wednesday, September 29, 2010 - 6:05pm | 811Cusick's Corner The market continued to stay in a tight range into the After Hours, but one key sector, Energy (XLE) was moving today. With the month-end and the breakouts continuing, market watchers and traders are looking for the next sector to join the upside party. It looks like the Real...
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Mosaic Announces the Completion of Fosfertil Sale for $1B
Wednesday, September 29, 2010 - 3:06pm | 71The Mosaic Company (NYSE: MOS) announced today the completion of its previously announced sale of its investment in Vale Fertilizantes S.A. to a subsidiary of Vale S.A. for gross proceeds of approximately $1.0 billion. This transaction will have no impact on Mosaic's significant crop nutrient...
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Monsanto Addresses Recent Investor Questions
Wednesday, September 29, 2010 - 7:37am | 95Monsanto Co.(NYSE: MON)addresses recent investor inquires about recent movement of the stock. In a research report Jefferies & Company, Inc. writes "The 8% decline yesterday in Monsanto shares appears, in our view, disproportionate to available yield data and more reflective of inchoate...
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Deutsche Bank Pounding The Table On Monsnto (MON)
Wednesday, September 29, 2010 - 6:32am | 155Deutsche Bank is out with a research report reiterating its Buy rating on shares of Monsanto Company (NYSE: MON), after the stock fell sharply yesterday on concerns its SmartStax seeds were not yielding as much as expected. Deutsche Bank lowered its price target to $65 from $70 In the report,...
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Market in a Holding Pattern 09-28-2010
Tuesday, September 28, 2010 - 6:10pm | 752Cusick's Corner The economic numbers are still dicey and the market is in a holding pattern. Tomorrow might bring some additional end-of-month window dressing, but watch for any headlines that may shake the confidence of these weak longs (happened last night in the overnight trade). What continues...
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Zings Of The Day (MON, RIMM)
Tuesday, September 28, 2010 - 3:12pm | 204The SEC said its "flash crash" report will restore confidence to investors, as it will reveal what actually happened on the fateful day of May 6, when the markets plunged, and then came back within minutes. The SEC also said it would update its slogan, based on its new found "intelligence," as it...
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Bid Still Participating 09-28-2010
Tuesday, September 28, 2010 - 1:39pm | 841Cusick's Corner The market again has a wide range today. Overnight my thesis was proved that when the market has a quick and hard shakeout, e-mini Dec S&P down to 1130 on potential EU debt fears in Greece and Ireland, the bid picks up and the market bounces right back to 1140 in an hour. So...
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MON Falls After Unfavorable Results For SmartStax
Tuesday, September 28, 2010 - 11:39am | 145Shares of Monsanto Company (NYSE: MON) fell sharply after disappointing results in SmartStax, its genetically-modified corn seed. The company is concerned about the effect of the unfavorable results on its 2011 results. According to Jefferies & Co, SmartStax planted in the state of Iowa is...
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Bookkeeping: Covering 2nd Half of Intuitive Surgical (ISRG)
Tuesday, September 28, 2010 - 8:57am | 441Nice to get a victory on the short side... been a while. I covered half the Intuitive Surgical (ISRG) short yesterday at $294 area, and am covering the rest today around $287/$288. Roughly a 3% gain cost averaged. Modest victories but that is all you can ask for on the short side until the S...
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New PT For CF Industries
Tuesday, September 28, 2010 - 8:18am | 33Stifel Nicolaus has changed the price target for CF Industries Holdings (NYSE: CF) from $110 to $120 and reiterates its Buy rating. CF Industries closed yesterday at $101.69.
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Fast Money Picks For September 28th (MOS, PCL, JBLU, BAC, JNPR)
Monday, September 27, 2010 - 7:02pm | 223On CNBC's Fast Money, Stephen Weiss suggested investors to buy The Mosaic Company (NYSE: MOS). He likes this company because people have to eat. The Mosaic Company (MOS) gained 2.09% today, and closed at $63.39. Brian Kelly thinks that Plum Creek Timber Co. Inc. (NYSE: PCL) should be bought...