As a whole, the Agricultural Chemical and Fertilizer Stocks Index is up by 1.8% today as major benchmarks trade relatively flat. Fertilizer stocks are now averaging 4.2% better than the S&P 500 over the last month.
The analyst also initiated individual coverage on four of the five largest U.S.-listed fertilizer companies. Mosaic (NYSE: MOS - News) and Potash (NYSE: POT - News) received Overweight rankings. Intrepid Potash (NYSE: IPI - News) was ranked Market Perform, and the firm's most pessimistic outlook was for Agrium (NYSE: AGU - News), which it ranked Underweight. All four are taking part in today's fertilizer rally.
China Green Agriculture (AMEX: CGA - News), Mosaic, and KMG Chemicals (NASDAQ: KMGB - News) are all up by more than 3% in the rally. The latter two have added 30% in the last month while China Green Agriculture has more than doubled.
No analysts follow COIN. Why you ask? Because they aren't interested in soon to be BK microcap start-ups. Big Bird, you gotta stop that glue sniffin' and crank smokin, it ain't helping your cognitive abilities.