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Markets On Pause Until Job Report
Wednesday, July 6, 2011 - 2:36pm | 173This afternoon, the major stock indexes have traded sideways, to slightly higher, on extremely light volume. This is a holiday shortened trading week as markets in the United States were closed for the Independence Day holiday. Tomorrow, all eyes will be on the ADP payroll report. On Friday, the...
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U.S. Farmland Boom May Be Coming To An End
Wednesday, July 6, 2011 - 12:49pm | 562According to a Bloomberg article, the boom in prices for U.S. farmland could peak this year amid a rise in interest rates and fall in crop prices. The article is based on a report from Rabobank International. In an interview, the bank's management team said that land prices could fall by as much as...
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Converted Organics Will Be Delisted From The Nasdaq Capital Market As Of The Opening Of Business July 7, 2011
Wednesday, July 6, 2011 - 12:32pm | 262Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 29, 2010, Converted Organics Inc. (COIN) received notice from The Nasdaq Stock Market ("Nasdaq") stating that the closing bid price of its common stock had fallen below $1.00 for...
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Converted Organics Announced New TerraSphere Licensee, Eco-Leaf Farms; Trading over 50% Higher
Wednesday, July 6, 2011 - 9:08am | 139Converted Organics Inc. (Nasdaq: COIN) announced today that TerraSphere Systems, LLC continues to build momentum with its vertical farming business by signing a new licensee for the Atlantic Provinces (New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador). Under the agreement...
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Checking In: Investors Flocking To This Ag Play
Tuesday, July 5, 2011 - 1:28pm | 456For the longest time, well almost four years, it seemed like the Market Vectors Agribusiness ETF (NYSE: MOO) was immune to legitimate competition when it came to equity-based ETFs tracking the global agribusiness boom. Sure, MOO has a couple of competitors, but none can come close to boasting the $...
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Scotia Capital Maintains Sector Outperform on Potash Corp. of Saskatchewan
Tuesday, July 5, 2011 - 8:06am | 93Scotia Capital is out with its report today on Potash Corp. of Saskatchewan (NYSE: POT), maintaining Sector Outperform. In a note to clients, Scotia Capital writes, "We continue to prefer POT over MOS (NYSE: MOS) due to POT's: (1) greater EBITDA exposure to potash - particularly offshore potash; (...
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Ag Stocks Not Participating In Today's Rally
Friday, July 1, 2011 - 11:39am | 136Despite the strong numbers out of the June ISM this morning, agricultural stocks are not participating in this rally. At last check, the Dow was up 125 points, the NASDAQ was up 31 points, and the S&P 500 was up 12 points. Despite these moves, names like Potash Corp. (NYSE: POT), CF...
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Biggest Pre-Market Winners and Losers
Friday, July 1, 2011 - 6:48am | 137Winners: Global Logistic Properties (PINK: GBTZF) is trading up over 5.75%. Bidvest Group (PINK: BDVSF) is group trading up near 5.70% after the company commented on a potential buyout by Bidvest Group. eBay (NASDAQ: EBAY) is trading up near 5%. AIA Group (PINK: AAGIY) is trading up over 4%....
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Market Cleared Critical Resistance 06-30-2011
Thursday, June 30, 2011 - 5:34pm | 936Cusick's Corner The end of the month has come and gone and now the market has cleared a critical resistance point, 1213.5 on the S&P futures, opening the door for new support to be established. While tomorrow may be busy in the morning with the Michigan Sentiment and ISM due out after the open...
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Market Teeming With Contrarian Opportunities
Thursday, June 30, 2011 - 3:16pm | 908For traders who are willing to take on substantial risk in order to score a huge payday, the recent volatility in financial markets along with whipsawing sentiment has provided a myriad of opportunities to take contrarian positions with huge upside. Let's start with the most obvious. Financials...
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Scotts Miracle Gro: Entered Into A New $1.7 Billion Secured Revolving Credit Facility, Replacing Its Existing $2.2 Billion Facility
Thursday, June 30, 2011 - 3:15pm | 165The Scotts Miracle-Gro Company (NYSE: SMG) announced today that it has entered into a new $1.7 billion secured revolving credit facility, replacing its existing $2.2 billion facility, which was set to expire in February 2012. The transaction completes a process in which the Company has overhauled...
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CF Industries Down 5% On Weak Crop Report
Thursday, June 30, 2011 - 2:07pm | 103CF Industries Holdings, Inc. (NYSE: CF) shares are getting crushed today, down almost 5% as the USDA released its crop report this morning. The report showed that more corn acres are going to be planted this year than expected, which is hurting shares of the fertilizer names today, including CF....
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Window Dressing 06-30-2011
Thursday, June 30, 2011 - 1:41pm | 982Cusick's Corner The shopping continues today. Seems like the big money managers are continuing to improve their window, dressing up their end of the month to keep the statement in the green. This is money that is already in the market, but this recent move has scared the managers and hedge funds...
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Biggest Gainers and Losers as of 10:30 AM
Thursday, June 30, 2011 - 9:46am | 152Gainers: Incitec Pivot (PINK: ICPVF) is trading up over 18% after appointing a new board member. Edenred (PINK: EDNMF) is trading up near 8.50%. First Solar(NASDAQ: FSLR) is trading up over 8% after an announcement that the company is guaranteed billions of dollars in loans from the government...
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Should You Short Ag Names On Today's Crop Report?
Thursday, June 30, 2011 - 8:44am | 335The U.S. Agriculture Department released its crop report earlier this morning, and results came in mixed, but the focus is on corn, which was weaker than expected. Shares of agricultural names are down in early Thursday trading. The USDA sad that 92.3 million acres of corn will be planted this...