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Stock Market News for August 18, 2010 - Market News
Wednesday, August 18, 2010 - 8:52am | 1164A slew of better-than-expected economic data and activity on the mergers and acquisitions front boosted investors’ confidence yesterday, sending the Dow industrials into the positive territory for the year, even as Wal-Mart Stores and Home Depot reported upbeat earnings numbers. Material stocks...
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Deutsche Bank Raising Price Target On Potash Corp. (POT)
Wednesday, August 18, 2010 - 7:25am | 149Deutsche Bank is raising its price target on shares of Potash Corp. (NYSE: POT) to $150 and has a Hold rating after the potash producer received a bid from BHP Billiton (NYSE: BHP) yesterday. In a note to clients Deutsche Bank writes, "We are raising our price target on PotashCorp to $150 to...
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Before The Bell: A Peek Into The Markets Today
Wednesday, August 18, 2010 - 7:10am | 523After the highs of Tuesday, US stock futures slip today as investors are taking a breather after last session’s rallies. The DJIA futures are down 0.04% at 10, 362, the S&P 500 futures are down 0.13% at 1,088, and the NASDAQ futures are down 0.16% at 1,837. Read more here . The Potash (NYSE:...
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Cramer Sees Bidding War Intensifying For Potash
Wednesday, August 18, 2010 - 6:10am | 294In Tuesday’s "Stop Trading! Round," Mad Money boss Jim Cramer said that the bidding war for Potash Corp (NYSE: POT) “may have just begun.” He cited several companies apart from BHP Billiton (NYSE: BHP) that could be in the fray for POT. Cramer believes that it it’s over by a “long shot.” On Tuesday...
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Top 4 Stocks In The Agricultural Chemicals Industry With The Highest Profit Margin (CGA, TNH, POT, CMP)
Wednesday, August 18, 2010 - 4:31am | 150Below are the top agricultural chemical stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at China Green Agriculture Inc (NYSE: CGA) is 42.52%. Analysts at Maxim Group initiated coverage of CGA with a “hold” rating. The trailing-twelve-month profit...
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UK CPI batters sterling as risk sees appetite on back of POMOs & US IP
Wednesday, August 18, 2010 - 1:41am | 1323Again, from my previous post:I will be updating this blog on about a weekly basis with market commentary, as well as articles on specific topics. I will instead also be providing daily market commentary in newsletter .pdf format. If you would like to subscribe (for free) to the Shadow Capitalism...
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BHP May Take Potash Bid Hostile
Tuesday, August 17, 2010 - 11:42pm | 149BHP Billiton (NYSE: BHP), the world's largest mining company, may take its nearly $39 billion acquisition offer for Potasah Corp. of Saskatchewan (NYSE: POT) after the Canadian fertilizer maker rejected BHP's unsolicited offer on Tuesday. BHP, which appears unlikely to raise its $130 per share...
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Fast Money Picks For August 18th (SYT, MON, APA, GENZ, EXPD)
Tuesday, August 17, 2010 - 7:03pm | 171On CNBC's Fast Money, Patty Edwards said that she wants to buy Syngenta AG (ADR) (NYSE: SYT) tomorrow. Syngenta AG (ADR) (SYT) gained 3.09% today. Joe Terranova likes Apache Corporation (NYSE: APA) and Guy Adami thinks that Monsanto Company (NYSE: MON) has bottomed out. Apache (APA) gained 1.75%...
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Rally Attributed to Housing Starts 08-17-2010
Tuesday, August 17, 2010 - 6:05pm | 871Cusick’s Corner The market held up again into the After Hours. Some market watchers are attributing the rally today on improved month-over-month Housing starts numbers, but remember that June was one of the lowest in over a year, so I would not put much emphasis on those results. If the market can...
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Lessons to Learn from Potash (POT)
Tuesday, August 17, 2010 - 3:03pm | 1532Potash Corp. (NYSE:POT) spiked about $31 higher today after the company revealed it received an unsolicited, $130-per-share offer from BHP Billiton. The board of POT unanimously rejected this offer as “grossly inadequate.” POT closed yesterday (Monday) at $112.15. Why is the stock up so...
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There Is Very Little Mustard On This Rally
Tuesday, August 17, 2010 - 2:58pm | 514Today the major stock market indexes are all soaring higher by more than 1.5 percent. The BHP Billiton Ltd (NYSE: BHP) buyout offer for Potash Corp Sash Inc (NYSE: POT) has given new life into this market today. The rally is broad based as the energy and technology groups have joined the...
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Deflation Diverted or Delayed? - Analyst Blog
Tuesday, August 17, 2010 - 2:56pm | 939In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months. In June, the headline PPI fell by 0.5...
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Bond Prices Have Stalled 08-17-2010
Tuesday, August 17, 2010 - 2:20pm | 1038Cusick’s Corner The market made a nice move into the Midday and over the last few hours trading has turned into a complete grind. Yesterday’s late day pullback seems to have washed out the weak longs, but there has been equal pressure on the shorts today. These kinds of moves are expected when...
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Top Narrow Based Indexes For August 17 (CAGC, POT, IFSIA)
Tuesday, August 17, 2010 - 11:26am | 220By 12:13 pm, the Dow Jones Industrial Average was up 138.32 points, or 1.34%, to 10,440.33, while the broader Standard & Poor's 500 index had gained 16.56 points, or 1.53%. The NASDAQ composite index rose 34.58 points, or 1.58%. Some of the narrow based indexes that are driving the market are...
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Stocks Skyrocket Due To Boost In Materials Sector (POT, BHP, HD, WMT)
Tuesday, August 17, 2010 - 11:14am | 225US stocks climbed higher on Tuesday following a busy day so far in the materials sector with Potash Corp Saskatchewan (NYSE: POT) and Pactiv Corp (NYSE: PTV) dominating the headlines. The DJIA is up 142.29 points at 10,444.30, S&P 500 is up 17.25 points at 1,096.63, and the NASDAQ is up 36.29...