|Bid||49.26 x 900|
|Ask||49.35 x 800|
|Day's Range||48.53 - 50.99|
|52 Week Range||33.50 - 56.51|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||19.55|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||1.20 (2.37%)|
|1y Target Est||55.11|
In the week ending October 19, the agribusiness sector was broadly positive. The VanEck Vectors Agribusiness ETF (MOO) was 25 basis points higher than the week ending October 12. During the same period, the broader market, represented by the S&P 500 Index, ended 11 basis points higher week-over-week. We’ll discuss how some of the major fertilizer stocks performed last week.
Cleveland-Cliffs' (CLF) pellet sales volume rose 10% year over year in Q3. For 2018, it continues to expect U.S. Iron Ore sales volume at 21 million long tons.
Steel Dynamics (STLD) envisions steel consumption to remain strong based on strong domestic steel demand fundamentals and customer optimism.
CF Industries Holdings, Inc. today announced that it will report its third quarter 2018 results after the market close on Wednesday, October 31, 2018. The company plans to host a conference call to discuss these results at 9:00 a.m.
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.
CF Industries Holdings, Inc. (CF) today announced that its Board of Directors has elected Celso L. White, global chief supply chain officer of Molson Coors Brewing Company (TAP), as an independent director of the company. The election of Mr. White brings membership of the CF Industries Holdings, Inc. Board of Directors to eleven. “We are pleased to welcome Celso to the CF Industries’ Board,” said Stephen A. Furbacher, chairman of the board, CF Industries Holdings, Inc. “Celso’s global perspective, deep expertise in all aspects of the supply chain, understanding of the agriculture industry and background in engineering and environmental, health and safety issues will benefit the Board and our management team greatly.
CF Industries Holdings, Inc. today reported that its Board of Directors has declared a $0.30 per share dividend on its common stock. The dividend will be payable on November 30, 2018 to stockholders of record as of November 15, 2018.
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.