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Intraday Update
Tuesday, February 16, 2010 - 12:19pm | 171The S&P 500 is up over 10 points, which places a gain of nearly 1% on the index. All sectors in the S&P are currently in the green, but a few sectors are outperforming the average. Basic materials, energy and industrials are leading this market higher. Movers in the basic material sector...
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Improving Global Demand May Benefit Fertilizer Suppliers (POT, AGU, MOS)
Tuesday, February 16, 2010 - 11:41am | 132The three major players in the North American Fertilizer industry, Potash Corp. (NYSE: POT), Agrium, Inc. (NYSE: AGU), and Mosaic Co. (NYSE: MOS) may see stronger demand ahead of the planting season. As the inventories of key nutrients like potash, diammonium phosphate, and urea are declining...
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Company News for February 16, 2010 - Corporate Summary
Tuesday, February 16, 2010 - 10:38am | 250• Kraft (NYSE:KFT) posted better-than-expected fourth quarter earnings, with results 3 cents ahead of estimates at 48 cents, but revenues of $11 billion were just below $11.07 billion projections • Merck (NYSE:MRK) beat earnings and sales estimates and backed 2010 guidance, with adjusted earnings...
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Terra Industries (TRA) Accepts $4.1 Billion Takeover Bid
Monday, February 15, 2010 - 9:49am | 100Nitrogen products manufacturer Terra Industries Inc. (NYSE: TRA) accepted a $4.1 billion takeover bid from Norway's Yara International. Yara International will pay $41.10 per share for Terra Industries Inc., which is nearly 24% above Friday's closing price of $33.25. Terra Industries had resisted...
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Terra Industries, Inc. To Be Acquired By Yara International (TRA, YARIY)
Monday, February 15, 2010 - 9:37am | 155Terra Industries, Inc. (NYSE: TRA) has been valued at $4.1 billion in a deal under which it will be acquired by Yara International ASA (ADR) (OTC: YARIY), a Norwegian fertilizer company. The deal will allow the Norwegian company to take advantage of lower fuel costs in the US. Yara is planning to...
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(Video): Scott Patterson Tells Us the History of HAL9000 in "The Quants"
Friday, February 12, 2010 - 3:00pm | 2175Since blog inception summer 2007 I had often made reference to "the supercomputers" and their growing effect on what I was seeing in day to day trading. Ironically August 2007 - the month I began the website - was the first time their footprints really rocked the markets, even as stocks went on to...
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Berkshire Hathaway B (BRK.B) Splits its Way to the S&P500
Friday, February 12, 2010 - 1:57pm | 1489Berkshire Hathaway B (BRK.B) shares split 50 for one January 21st. In the past, Warren Buffett said stock splits are for idiots, since the economic value of the enterprise does not change. The action of splitting shares has often resulted in the stock price gaining due to the price of the...
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Mosaic Target Price Increased to $52 By Atlantic Equities (MOS)
Thursday, February 11, 2010 - 3:12pm | 123Shares of crop nutrient producer Mosaic Company (NYSE: MOS) had their price target raised to $52 from $50 per share. Currently trading up $1.19 per share to $58.60, the rise in the stock is above the analyst's price target. One reason could be the market pricing in a recovery in global markets that...
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Materials Sector Poised For Upswing (XLB, AA, DOW, MON, FCX)
Thursday, February 11, 2010 - 1:28pm | 375We have been looking over the sectors analyzing which ones may be the first to move higher if the markets continue upwards. One that interests us is the materials sector. A solid ETF that tracks this sector is the Materials Select Sector SPDR (Nasdaq: XLB). Currently, it is trading at just under $...
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ETFs and Panic Avoidance
Thursday, February 11, 2010 - 9:30am | 765A couple of good articles from this week that I think are related. One is from the WSJ titled Even Pros Have Trouble With Buy And Hold and one from the FT titled Chinese fund fillip for oil and gold ETFs which is about the China's SWF that is now using a lot of ETFs. Or maybe I'm stretching but...
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Peak6 Believes Mosaic (MOS) Should Be On Your Radar
Wednesday, February 10, 2010 - 6:04pm | 150Mosaic (NYSE: MOS) gave a very bullish conference call today, saying that the demand for fertilizers is rising. Jared Levy of Peak6 said that investors should take a closer look at agriculture stocks, because he expects fertilizer prices to go up on a strong demand. He especially likes Mosaic (MOS...
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Agrium Inc. (NYSE: AGU) Shares Jump 2nd Day In A Row
Wednesday, February 10, 2010 - 5:16pm | 82Shares of producer and wholesale marketer of nutrients for agricultural and industrial markets Agrium Inc. (NYSE: AGU) rose more than 3% today after the company received an upgrade from analysts at Thomas Weisel from Underweight to Market Weight. Thomas Weisel also raised it price target from $48...
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Fast Money Halftime Report (VALE, BHP, TEVA, GOOG, ADM, MOS)
Wednesday, February 10, 2010 - 2:08pm | 213The Fast Money Halftime Report just wrapped up on CNBC. Joe Terranova said that he thinks if you are going to trade oil futures and the energy sector that you need to be long. He said that you can maybe trade copper from the short side, however. Tim Seymour said that "the China story is not...
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Company News for February 10, 2010 - Corporate Summary
Wednesday, February 10, 2010 - 10:25am | 256• Bank of America (NYSE:BAC) upgraded Dell (NASDAQ:DELL) to "buy" from "neutral," with the price target raised to $18 from $16.50 • Adobe (NASDAQ:ADBE) was upgraded by analysts at Credit Suisse (NYSE:CS) from "neutral" to "outperform," with the price target raised to $39.50 from $35 • Peabody...
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Stock Market News for February 10, 2010 - Market News
Wednesday, February 10, 2010 - 10:23am | 560U.S. stocks rose, with the Dow Jones Industrial Average jumping back above 10,000, as hopes grew that a solution to rescue Greece from its gaping debt woes would be found soon. The blue-chip Dow average, which closed below the 10,000-mark for the first time in three months yesterday, rose as much...