|Bid||50.98 x 1400|
|Ask||51.00 x 800|
|Day's Range||50.75 - 51.94|
|52 Week Range||33.50 - 56.51|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||20.27|
|Forward Dividend & Yield||1.20 (2.29%)|
|1y Target Est||N/A|
Nucor's (NUE) steel mills unit performed impressively in Q3 but earnings missed expectations. It expects Q4 earnings to decrease across all three operating segments sequentially.
Last week, which ended October 12, fertilizer affordability was unchanged week-over-week. The Fertilizer Affordability Index, as you can see in the above chart, was unchanged at 0.85x but fell from the peak of 0.92x in the week ended September 14. The index is calculated by taking the fertilizer price index over the crop index.
CF (CF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
We looked at DAP (diammonium phosphate) prices in the previous part of this series. MAP (monoammonium phosphate) prices also struggled to find positive direction last week, which ended October 12, at Brazil and NOLA (New Orleans). The pause in Brazil may be temporary since the region remains strong in agribusiness for companies (MXI) such as Mosaic (MOS), Nutrien (NTR), and CF Industries (CF).
Last week, which ended October 12, global tensions remained high, and natural gas prices spiked as the overall stock market traded in the deep red. An increase in natural gas prices raised the costs for companies (MOO) such as CF Industries (CF), Nutrien (NTR), and CVR Partners (UAN). Let’s look at the movements in natural gas prices and the short-term outlook.
Nitrogen fertilizer companies (XLB) CF Industries (CF), Nutrien (NTR), and CVR Partners (UAN) fell last week due to the broader market sell-off. But their fundamentals remained strong. Urea prices, for example, continued to make new highs last week, which is a continuation of the ascending trend we’ve seen since April.
Last week, which ended October 12, was a big negative for the overall market and the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) fell 3.5% from October 5–12, and the S&P 500 Index fell 4.1%.
The acquisition supports Celanese's (CE) global manufacturing base by adding domestic compounding facility with 10 production lines.
Investors pursuing a solid, dependable stock investment can often be led to CF Industries Holdings Inc (NYSE:CF), a large-cap worth US$11.8b. Risk-averse investors who are attracted to diversified streams of Read More...
The certificate enables PPG Industries (PPG) to sell windshields as an approved design to owners of Beechjet 400 jets and variants.
Indexes sold off again Thursday, but stock gainers today in Nasdaq 100 included Illumina, Microchip Technology and Maxim Integrated Products.
On October 10, the VanEck Vectors Agribusiness ETF (MOO), which represents the broader agribusiness sector, fell about 2.9% to end at $63.2 per unit, while the broader US market index, the S&P 500, declined by 3.2% during the day.
Buoyed by improved grade and throughput at Nevada, Barrick (ABX) projects higher production and sales in Q3. The company maintains full-year production and cost outlook.
Royal Gold's (RGLD) fiscal first-quarter sales performance hurt by reduced sales at Mount Milligan due to lack of sufficient water sources.
PPG Industries' (PPG) latest price hike is in response to unprecedented cost pressures in raw materials, distribution and labor as well as freight, across all regions.
The fertilizer affordability index remained elevated last week relative to levels observed since January 2016, which essentially means that fertilizer affordability compared to levels in the last two years was lower last week. Last week, the fertilizer affordability index level was slightly up week-over-week to 0.85 from 0.84 a week ago. The affordability index is essentially calculated using the plant nutrient price index for the numerator and the crop price index in the denominator.
Franco-Nevada (FNV) appears to be on a promising long-term trajectory thanks to a healthy portfolio of streaming and royalty agreements put in place a few years ago.