SQM is the world's largest lithium producer. Tesla projected 5 billion dollar lithium battery manufacturing plant will require a large supply. Tesla got a boost from consumer reports for their quality products. I am still considering that takeover rumor by potash of SQM resources...Everything points to a nice boost in the stock price.
Blair's comment...While the stock looks cheap, it may get a lot cheaper. The pressure for dividend increases and large stock buybacks may increase materially as investors like Carl Icahn and David Einhorn try to find a way to skate their investments on side when the tide of sentiment turns against them. That sort of balance sheet re-arrangement is dangerous in tech since it presumes sustained earnings at levels that at a minimum are in doubt and distracts management from its real job of advancing its technology.
The history books will very likely record this as Apple's best quarter for a considerable period of time, at least as I see it. Smart money steps aside and moves to safer ground. Apple is more vulnerable than most to a general market sell-off since it is so widely held and so liquid. When things turn down, money managers sell what they can versus what they might like to, and Apple is leading candidate for raising cash in a hurry. The turmoil in emerging markets could trigger such a sell-off in a nanosecond.
I promised SA Author Bret Jensen a beer if Apple hit $650 before it went below $450. Bret is one of the smartest investors and best authors on the site. However, at this point, I am feeling pretty safe.
the yield was a solid reason for holding this stock...it may soon be reduced due to pricing pressures on storage and on prices...They cannot continue to pay $2.13 per year when they earn $1.19 and these earnings are on the way down...the fear is of further panic selling when interest rates are reduced..
RBC Capital says to "buy the dip" on First Niagara (FNFG -2.2%) after its post-earnings implosion on Friday, but not so fast, say another of other sell-siders.
"Higher operating expenses ... will not be matched by revenue growth," says FBR, removing its Buy rating on the stock. "We consider the 4-5 year time line to achieve FNFG's ROA target of 115 bps-125 bps ROA too long."
Jefferies too throws in the towel on its Buy rating. "Our Buy thesis rested on estimate stability via cost discipline and a long-term ROA improvement via balance sheet rotation, but both themes are no longer valid given elevated infrastructure investments ($250mm over next three years) and a slower loan growth forecast."
KBW removes its Buy rating as well and Macquarie downgrades to Sell.
this provincial management does not see beyond the box and is only interested in the status quo and the success they have attained piggybacking on the small bank rise. Today's Citibank recommendation to SELL should destroy any upward momentum of the past year. Their price target is 9.