|Bid||47.39 x 800|
|Ask||47.39 x 800|
|Day's Range||46.49 - 47.47|
|52 Week Range||38.90 - 56.51|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||34.55|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||1.20 (2.57%)|
|1y Target Est||49.28|
In the absence of any changes to the Federal Reserve funds rate, and the relatively predictable language surrounding the decision, investors were willing to build on Tuesday's progress. On Wednesday, the S&P 500 gained another 0.30%, albeit in modest volume.Source: Allan Ajifo via Wikimedia (Modified)Shopify (NYSE:SHOP) was the day's most noteworthy winner, up 7.6% on the heels of news that it would be establishing a fulfillment and distribution network akin to the one built by indirect rival Amazon (NASDAQ:AMZN). China's electric carmarker Nio (NYSE:NIO) logged an even bigger win though, up roughly 10% between the regular hours and after-hours session, continuing a rebound effort that started to take shape three days ago, somewhat coinciding with the launch of its ES6 crossover vehicle.Mattel (NASDAQ:MAT) was among the notable losers. The toy company's stock fell more than 5% after it officially ended merger negotiations with privately held MGA Entertainment. MGA's CEO Isaac Larian subsequently called Mattel insolvent, saying it can't be salvaged. The market listened.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 'Buy-and-Hold' Stocks to Own Forever As Thursday's action gets going, however, it's the stock charts of WellCare Health Plans (NYSE:WCG), Nordstrom (NYSE:JWN) and CF Industries Holdings (NYSE:CF) that emerge as the most interesting prospects. Here's why, and what to look for. CF Industries Holdings (CF)In late April, CF Industries Holdings was on the verge of a major breakout move. Volume was strong and forward progress was palpable. The ceiling ahead was thick and strong, but could have proven catalytic if CF could punch through.However, the April effort ended up petering out before getting over the technical hurdle. In fact, CF Industries fell all the way back to an established technical floor around $39. But, the breakout effort that took shape during the first half of this month has finally blasted past the ceiling in question. Although it looks like a little profit-taking may be in store, if CF can hold above the ceiling it makes a renewal of the rally effort all the more likely. Click to Enlarge * The resistance level that was finally broken is $45.42, marked with a red dashed line, though the white 200-day moving average line was also an important ceiling that has been put in the rearview mirror. * Wednesday's lull was telling, but as long as the $45.42 level, once a ceiling, becomes a floor, the odds of another bullish leg are strong. * As the weekly chart illustrates, this choppy progress is all part of a much bigger uptrend that extends back to 2016. WellCare Health Plans (WCG)A month ago, WellCare Health Plans was featured as a budding breakout candidate. Although a critical ceiling had yet to even be tested, key moving averages were stepping up as support levels. While more volatility was in store, the bullish case was strengthening.Things have panned out exactly as the charts suggested they would. There's still a good chance of a near-term pullback, and if the bulls don't play their cards right, they could squander the opportunity. Nevertheless, the potential here is too good to ignore. The key is when and where the bulls make their next stand in the face of any headwind. * 6 Cloud Gaming Stocks to Buy for 2020 and Beyond Click to Enlarge * The big victory since the last look is the move above $289.50, marked with a red dashed line, which until this month had been a ceiling. * Also, in the meantime, the purple 50-day moving average line crossed above the white 200-day line … a so-called golden cross that portends more gains. * It's not an ideal golden cross, however. The 200-day moving average line is actually pointed downward, partially suggesting there's some lingering long-term weakness. * The weekly chart shows this is all part of a move within a rising trading channel, framed by blue and yellow lines. This leaves room for WCG to climb to $320, or higher, if it continues to gain traction. * Although compelling as-is, it might be wise to wait and see if WellCare can bounce back from any upcoming dip back below $289.50. Nordstrom (JWN)One good day does not make or break a trend. But, all trend reversals start with one day. Nordstrom may have had such a day yesterday.The 3.2% gain was admittedly easy to make, and barely scratched the surface of a multi-month downtrend that shaved nearly 50% of the stock's price seen in November of last year. There's also a massive amount of repair work that would need to be done to make this the beginning of a long-awaited turnaround. But, some of the clues are starting to pile up, and it's clear where the biggest lines in the sand are. Click to Enlarge * Most noteworthy of Wednesday's bar is the volume surge behind the buying. A lot of bulls suddenly started to pile in for reasons well beyond the market's mostly bullish tide. * The daily chart also indicates the $33.42 level, marked with a white dashed line, is turning into a technical ceiling. That level will need to be hurdled before any progress is made. * The budding uptrend may only be an effort to fill in the gap left behind in March, the upper value of which is $36.65, marked in yellow. But, the effort to do that could actually put a more prolonged buying effort into motion. * Zooming out to the weekly chart, it's clear that the current oversold condition indicated by the RSI line frequently coincided with major bottoms.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 3 Big Stock Charts for Thursday: CF Industries, Nordstrom and WellCare Health Plans appeared first on InvestorPlace.
CF Industries Holdings Inc NYSE:CFView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for CF with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CF. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CF are favorable, with net inflows of $10.69 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
(Bloomberg) -- Abu Dhabi National Oil Co. and chemical producer OCI NV plan to combine their Middle East and North Africa crop-nutrient businesses, creating the region’s fertilizer producer to challenge U.S. and Russian exporters.OCI will merge its ammonia and urea assets in North Africa with Adnoc’s fertilizer complex in the United Arab Emirates, the companies said in a statement Monday. The combined company will have $1.74 billion in annual sales, according to the statement, which confirmed an earlier Bloomberg News report.Shares of OCI were down 2.9% at 12:27 p.m. Monday in Amsterdam, giving the company a market value of about 5 billion euros ($5.6 billion).A global ramp-up in fertilizer output has flooded the market with too much supply, prompting players to explore consolidation to improve economies of scale and global reach. A clampdown on tax inversions scuppered CF Industries Holdings Inc.’s plan to buy OCI’s fertilizer arm in 2016.The formation of the joint venture, which will be 58% owned by OCI, is expected to generate as much as $75 million in annual savings, the companies said. It will be headed by the Dutch firm’s chief executive officer, billionaire Nassef Sawiris.Broadening Economy“It looks like a sensible deal, which should generate commercial synergies and create a stronger export platform for nitrogen fertilizers,” Berenberg analyst Rikin Patel said by email.OCI assets may be valued at around $5 billion, as it deserves a multiple of about 10 times earnings due to its superior efficiency, Patel said. Its Middle East and North Africa business generated about $501 million of adjusted earnings before interest, taxes, depreciation and amortization last year, according to a company presentation.State-owned Adnoc has been expanding its downstream operations and bringing in partners for businesses including its pipeline network and refining unit. It has also listed its distribution unit and agreed in October to sell a 5% stake in its $11 billion drilling business to Baker Hughes. The moves come as the emirate of Abu Dhabi, home to about 6% of the world’s crude reserves, seeks to diversify an economy that’s dependent on oil. Adnoc Fertilizers was set up in 1980 to make urea for agricultural use. It sells its products to local and international markets, including the Indian subcontinent, the U.S., Latin America, Australia and Europe.Growth PotentialOCI owns a plant in Egypt with capacity to produce about 1.65 million metric tons of granular urea per year, according to its latest annual report. It also has a 60% stake in another Egyptian production complex that makes anhydrous ammonia, as well as a trading arm in the United Arab Emirates. OCI’s fertilizer venture in Algeria can produce about 1.6 million metric tons of gross anhydrous ammonia and 1.26 million metric tons of granular urea annually.“This platform has significant potential for future growth and value creation,” Sawiris said in the statement.OCI held talks earlier this year about a potential sale of its methanol assets to Saudi Basic Industries Corp. in a deal that could have valued the business at as much as $4 billion, Bloomberg News reported in March. The Dutch company’s largest shareholder is Sawiris, who is Egypt’s richest person with a fortune of about $6.8 billion, according to the Bloomberg Billionaires Index.The transaction with Adnoc is expected to close in the third quarter of 2019. JPMorgan Chase & Co. advised OCI on the deal, while Adnoc worked with Citigroup Inc.(Updates with analyst comment in sixth paragraph.)\--With assistance from Mahmoud Habboush.To contact the reporters on this story: Andrew Noël in London at email@example.com;Dinesh Nair in London at firstname.lastname@example.org;Aaron Kirchfeld in London at email@example.comTo contact the editors responsible for this story: Ben Scent at firstname.lastname@example.org, Andrew Noël, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CF Industries Holdings, Inc. (NYSE:CF), a large-cap worth US$10.0b, comes to mind for investors seeking a strong and...
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
CF Industries Holdings, Inc. (CF), today announced that Dennis P. Kelleher, senior vice president and chief financial officer, has informed the company he will retire from CF effective September 1, 2019. Christopher D. Bohn, senior vice president, manufacturing and distribution, has been selected to succeed Kelleher as chief financial officer effective September 1, 2019. “I am grateful for the contributions Dennis has made over the past eight years,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “He has played a significant role in helping drive financial and operational excellence and creating long-term value for our shareholders.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like CF Industries...
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CF Industries Holdings, Inc. today announced that the company will present at the following conferences in May: at 9:10 a.m. ET on Wednesday, May 15, 2019, at the Goldman Sachs Industrial & Materials Conference 2019; at 9:30 a.m.
NEW YORK, NY / ACCESSWIRE / May 2, 2019 / CF Industries Holdings, Inc. (NYSE: CF ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 2, 2019 at 9:00 AM Eastern ...
CF (CF) delivered earnings and revenue surprises of -3.57% and -1.49%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Deerfield, Illinois-based company said it had net income of 40 cents per share. Earnings, adjusted for pretax gains, were 27 cents per share. The results missed Wall Street expectations. The average ...
Higher Year-Over-Year Urea, UAN and AN Prices Support Increased Margins