The skyrocketing value of commodities sliced into profits at many a corporation in early 2008, as companies suddenly found raw materials costs had doubled or tripled. But anyone who responded to that by trying to hedge against a repeat of that is going to be hit again — this time on the way down. Already, several major corporations have taken hedging-related losses in the third quarter as...
Results 1 - 10 of 180 for "CORN"
Shares of fertilizer companies were the rage for a good part of 2008. Lately they’re just another kind of fertilizer. Those stocks are among the weaker names in the equity markets Tuesday, while the broader market recovers from Monday’s devastating selloff. The catalyst was bad news out of Mosaic Co., which said fiscal second-quarter phosphate sales dropped due to soft market condit...
Filed under: Financial CrisisHave central banks reached the limit of what they can do to fix the global economic crisis? The answer is yes, if you believe that the price of Credit Default Swaps (CDSs) is any indication. With CDS premiums for corporate bonds reaching a new high, investors in the thinly traded, unregulated and poorly-disclosed corner of our financial markets are signaling that ce...
Automakers Major U.S. market indices held firmly positive through out the trading session. The gains still did not make up for the hefty losses realized in the markets yesterday but, it was a session in the hands of Bulls. Trading activity during the session was seen sluggish and lack luster. Auto sales data released during the trading session by General Motors (NYSE: GM) and Chrysler Corporati...
The company, headquartered in Stockton, California, hs distribution in over 80% of U.S. supermarkets. The recent acquisition of Pop Secret now adds popcorn to the line-up. As the industry leader, the Diamond brand enjoys a market share in North American markets four times larger than the next largest competitor. Diamond is also the nation’s top exporter of walnuts to Europe and the Pacifi...
Can the market walk this one off? A pullback had to be expected after the S&P gained 19% in a brief five-session flurry beginning November 21, but this is more than was requested, and suggests, again, that investors had been riding a bear-market rally, one that was designed to suck in a handful of believers and blow them up, but good. Overseas markets, a terrible report from the Institute...
Filed under: International markets, China, Brazil, Newsletters, Commodities, Agriculture, Stocks to Buy"Agricultural commodities have been hurt in the recent turmoil," says growth stock expert Stephen Leeb. In The Complete Investor he looks at Mosaic (NYSE: MOS). a world leader in fertilizers. "Mosaic has been decimated in price despite reporting record earnings. The company is the world's seco...
In the 20 years I’ve been creating stock-market forecasts, I’ve never seen such a contradictory set of forces at work in the markets all at one time. I could just as easily make the case that we’re finally nearing a bottom, as I could that we’re in for protracted downturn punctuated by sharp, quick drops. The only question in my mind is what shape an eventual recovery wi...
This year has been anything but sweet for commodities investors. Since peaking in mid-July, the Reuters-CRB Index has crashed a cumulative 48% with every constituent of the index down sharply – except sugar. To be sure, another formidable commodity is also holding up relatively well in the Panic of 2008 -- gold. Though down 2% this year that’s far better than just about every other asset class ...
Filed under: Apple Inc (AAPL), Intel (INTC), General Motors (GM), Market matters, Corning Inc (GLW), Research in Motion (RIMM), Stocks to Buy, Cramer on BloggingStocks From TheStreet.com Network Coming Week: Bleak Data on Tap UAW Chief Pleads for Aid for Detroit TheStreet.com's Jim Cramer says seasonality is finally working in our favor. Here's a new one: I don't trust the futures, but this tim...