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Goldman Sachs Says Buy CF (CF)
Thursday, August 26, 2010 - 6:59am | 215Goldman Sachs is out with a research report saying to buy shares of CF Industries Holdings, Inc. (NYSE: CF) on strong demand for its products. In a note to investors Goldman writes, "We continue to expect strong performance for fertilizer stocks through the fall season as a very robust fundamental...
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Speculative Takeover Play - Voice of the People
Thursday, August 26, 2010 - 3:04am | 582Zacks' Voice of the People Highlights user RacerX33: "Speculative Takeover Play" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Speculative Takeover Play I had planned to write my next article on my top 5 current bargain picks,...
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BHP Billiton Second-Half Profit Misses Estimates
Wednesday, August 25, 2010 - 3:29am | 122BHP Billiton (NYSE: BHP), the world's largest mining company, said its second-quarter profit doubled to $6.587 billion from $3.26 billion a year ago, but that missed the consensus estimate of $7.2 billion. Higher demand for industrial metals like copper, iron ore and nickel coupled with an uptick...
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First Solar (NASDAQ:FSLR) outperforms following upgrade
Tuesday, August 24, 2010 - 8:17am | 1721UBS upped its rating on First Solar (NASDAQ:FSLR) Monday morning to buy from neutral, citing strengthening growth rates across the sector. The firm also lifted its price target on the stock to $150 from $136, allowing for almost 19% of additional upside from current levels. UBS now estimates 2010...
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Before The Bell – The Action So Far
Tuesday, August 24, 2010 - 7:02am | 488Stock futures fell on Tuesday ahead of home sales report due today. In addition, fears of a global slowdown prompted traders to sell equities heavily, and the Japanese Yen soaring to 15 year high against the US Dollar added to the southbound futures. Futures on the DOW shed 70 points to 10,087;...
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Rio Tinto Mulling Potash Bid (RTP, POT, BHP)
Tuesday, August 24, 2010 - 6:22am | 283Global miner Rio Tinto (NYSE: RTP) is reportedly in talks with a Chinese company to acquire Potash Corp of Saskatchewan (NYSE: POT), following a failed hostile takeover bid by BHP Billiton (NYSE: BHP). According to Canada’s “Globe & Mail” website, the company "is said to be considering a bid...
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Rio Tinto, Chinese Partner May Make Bid For Potash
Tuesday, August 24, 2010 - 3:36am | 149Mining giant Rio Tinto (NYSE: RTP) may team with a Chinese partner, possibly Sinochem, to launch a competing bid for Potash Corp. of Saskatchewan (NYSE: POT). The largest North American maker of potash fertilizer rejected a $39 billion hostile offer from BHP Billiton (NYSE: BHP), the world's...
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Vale Not Prepping Offer For Potash
Monday, August 23, 2010 - 1:22pm | 120Brazil's Vale (NYSE: VALE), the largest iron ore maker in the world, is not preparing a bid for Potash Corp. of Saskatchewan (NYSE: POT), according to unidentified sources, Reuters reported. Vale, Latin America's biggest company by market cap, has been mentioned as one company that could launch a...
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Top Performing Industries For August 23 (BBGI, MOS, DUCK, NPD)
Monday, August 23, 2010 - 11:04am | 221At 11:24 am, the Dow lost 0.11% to 10,202.08, the broader Standard & Poor's 500 index moved down 0.15% to 1,070.04 and the NASDAQ composite index fell 0.65% to 2,165.48. The industries that are still afloat in the market today are: Broadcasting - Radio: This industry jumped 1.34% by 11:24 am....
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Potash Bid Shows Something Deeper On Horizon
Monday, August 23, 2010 - 10:46am | 198Buyout rumors continue to swirl around the agricultural stocks after a hostile bid was placed on Potash Corp. (NYSE: POT). BHP Billiton Limited (NYSE: BHP) bid $38 billion or $130.00 per share the fertilizer stock. Potash rejected the offer. The whole agricultural sector soared off this news and...
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Early Morning Movers (JKS, WCRX, MOS)
Monday, August 23, 2010 - 10:34am | 206These three companies are moving solidly higher today on strong volume, particularly important in a weaker market. Shares of Jinko Solar Holding Company Limited (NYSE: JKS) are rising $1.07 today to trade at $25.80 after UBS had positive comments on the solar sector this morning. Volume is very...
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Monday’s Mid-day Options Volume Leaders (C, BAC, AAPL, POT, INTC, SPY)
Monday, August 23, 2010 - 10:20am | 159The overall market is flirting with the downside once again today, despite a rally at the opening bell. Currently, the S&P 500 (NYSE: SPY) is flat on the session, trading at $1,072. Note that the CBOE Volatility Index (CBOE: VIX) has pared its losses and is now flat on the session as well....
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China To The Rescue?? (POT, BHP)
Monday, August 23, 2010 - 10:07am | 261A consortium of investors, led by Chinese private equity firm Hopu Investment Management Co. is looking at launching a rival bid for Potash Corp. (NYSE: POT), after BHP Billiton (NYSE: BHP) announced a $130 cash offer for Potash. This comes from a report in the Wall Street Journal. Yesterday,...
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Fertilizer Stocks Still On Fire (POT, BHP, VALE, AGU, CF, MOS, IPI)
Monday, August 23, 2010 - 9:37am | 146Potash (NYSE: POT) shares soared last week after BHP Billiton (NYSE: BHP) made a hostile bid for the fertilizer company. Now, it is being reported that other suitors have thrown in their names for Potash-namely Vale S.A. (NYSE: VALE) and Chinese chemical firm Sinochem. This news has helped spark a...
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JP Morgan Believes CF Could Experience A Normalization Of Fertilizer Volumes During H2
Monday, August 23, 2010 - 8:37am | 200Analysts at JP Morgan reiterate their "neutral" rating on CF Industries Holdings Inc (NYSE: CF), while raising their estimates for the company. The target price for CF has been raised from $65 to $100. According to JP Morgan, “CF Industries is favorably positioned for the second half of 2010 due to...