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Fertilizers Coming Back
If Monday saw Agrium (AGU - Analyst Report) and Potash Corp. (POT - Analyst Report) drop sharply following a cut in their outlook by analysts, they were up around 6.5 and 5.5% a day after. However, Intrepid Potash (IPI - Snapshot Report) shines brighter with a gain of 7.77% intraday.
Agriculture stocks have been lashed severely since Mosaic (MOS - Snapshot Report) reported a mixed Q1 earnings on October 2. The company’s worrisome production outlook did not help matters either, and Mosaic had fallen around 41% on that day. Taking the cue, Potash had slid by around 35% till yesterday.
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| Market Summary | Nov 21, 2009 17:00 pm ET |
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