NEW YORK, NY--(Marketwire -06/07/12)- Growing concerns of a global economic slowdown and potential recession in Europe have continues to weigh down the markets. In the month of May we saw the Dow Jones Industrial Average erase its gains for the year and valuations in the Standard & Poor's 500 Index fall 19 percent below 2011 levels. Five Star Equities examines the outlook for companies in the S&P 500 and provides equity research on Mosaic Co. (MOS) and Wal-Mart Stores, Inc. (WMT).
Data compiled by Bloomberg show that the S&P 500 is trading at 12.9 times profit in the last year; in February of last year the S&P 500 was trading at 15.9 times. On Friday, the S&P 500 saw their largest decline since November. The Labor Department reported Friday that the unemployment rate grew to 8.2 percent from 8.1 percent, and employers in the U.S. added only 69,000 jobs, the lowest total in a year. The S&P 500 has fallen almost 10 percent, from its four-year high in April, in the last week.
"You have to take your hits," said Michael Shaoul, chairman of Marketfield Asset Management. "You don't let it change your mind about domestic U.S. activity. You can be patient with U.S. economic growth and the market, and I still keep that view after this."
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The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. In light of the rapid acceleration in demand, the company believes fourth quarter fiscal 2012 volumes for both potash and phosphates will be in the upper end of the guidance ranges.
Wal-Mart Stores, Inc. last month reported financial results for the quarter ended April 30, 2012. Net sales for the first quarter of fiscal 2013 were $112.3 billion, an increase of 8.6 percent from $103.4 billion in the first quarter last year. Net sales for this quarter included a negative currency exchange rate impact of approximately $800 million.
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