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Apr
25
Agricultural Stocks Go To Harvest
By Teresa | Filed Under Trading Ideas | Leave a Comment
With all the recent headlines, it’s no wonder investors have been hoarding ag stocks, but as discussed in last our April 16 podcast, the rise in global food prices has its roots in currency issues that need to be resolved.
Few people are qualified to explain the complex issues and even fewer understand them. The mass media dumbs the story down into manageable soundbites of sensational stuff, resulting in the phenomenon where investors are stumped when prices diverge sharply from the perceived fundamentals.
- Dramatic spike in cost of flour will drive food prices higher, manager warns
[Editor: This can only happen in Vancouver, where a loaf of bread is ALREADY $5.00] A dramatic spike in the price of flour over the past two months has led to a dire warning from a Vancouver food store manager. “It’s just going up, going up. Pretty soon you’ll be paying $10 for a loaf of sliced bread,” said Tina Rua of the First Ravioli Store on Commercial Drive yesterday. “Our supplier has told us we might end up getting our deliveries in a Brink’s truck. All our prices have gone sky-high.” - Skyrocketing rice prices has Sam’s Club limiting sales
The store will limit customers to four 20-lb. bags of jasmine, basmati and long-grain white rice, the company said in a statement. Its restriction mainly will affect businesses that buy rice in bulk, but the company said “a typical Sam’s Club Business Member does not buy more than 80 pounds of rice in one visit.” - Food Rationing Confronts Breadbasket of the World
An anonymous high-tech professional writing on an investment Web site, Seeking Alpha, said he recently bought 10 50-pound bags of rice at Costco. “I am concerned that when the news of rice shortage spreads, there will be panic buying and the shelves will be empty in no time. I do not intend to cause a panic, and I am not speculating on rice to make profit. I am just hoarding some for my own consumption,” he wrote. - Food Price Surge Could Mean ‘7 Lost Years’ in Poverty Fight
Zoellick said the poor spend as much as 75 percent of their income on food. “In just two months, rice prices have skyrocketed to near historical levels, rising by around 75 percent globally,” he said. The price of wheat has risen 120 percent over the past year, he added. Over the past three years, food prices overall have risen 83 percent, the World Bank estimates.
A great example is the across-the-board collapse of many agriculture and related stocks yesterday. The news said one thing, but the prices did something else. Momentum investors are now caught in a bind typically found after the enthusiasm phase of the investor sentiment cycle, much as there were caught in the dry bulk shipping mania.
If you don’t believe me, check out this two-minute soundbite of Project Runway’s season one winner, Jay McCarroll who was a guest on Q yesterday [DOWNLOAD MP3]. Listen carefully to the last sentence. The last guy is on board…
To get a hint of how big the hit was yesterday, take a look at the percent change column on this week’s IBD 100 list. Of course, with their typical weekly turnover, the stinkers will be replaced in next week’s list, so no worries, eh? Thanks to Rex for the heads up on this one!
| Ticker | Close | $Change | %Change | Description |
|---|---|---|---|---|
| FSTR | 36.09 | -9.06 | -20.07% | Foster (LB) |
| NEU | 71.36 | -16.96 | -19.20% | NewMarket Corporation |
| GENC | 24.45 | -3.53 | -12.62% | Gencor Industries Inc |
| TITN | 20.58 | -2.21 | -9.70% | Titan Machinery Inc |
| CMG | 100 | -9.9 | -9.01% | Chipotle Mexican Grill Inc |
| MOS | 122.38 | -10.89 | -8.17% | Mosaic Company |
| CF | 137.61 | -10.48 | -7.08% | CF Industries Holdings Inc |
| RRC | 66.24 | -4.31 | -6.11% | Range Resources |
| MTL | 147.72 | -8.89 | -5.68% | Mechel OAO |
| MON | 118.92 | -6.66 | -5.30% | Monsanto Co |
| BUCY | 116.63 | -6.39 | -5.19% | Bucyrus International Inc Cl A |
| DNR | 30.6 | -1.64 | -5.09% | Denbury Resources |
| POT | 193.9 | -10.22 | -5.01% | Potash Corp Saskatchewan |
| DWSN | 72.62 | -3.71 | -4.86% | Dawson Geophysical |
| RIO | 37.33 | -1.9 | -4.84% | Companhia Vale do Rio Doce ADS |
| SWN | 37.59 | -1.89 | -4.79% | Southwestern Energy |
| SQM | 27.93 | -1.34 | -4.58% | Sociedad Quimica Y Minera ADS |
| PQ | 19.13 | -0.84 | -4.21% | Petroquest Energy Inc |
| HK | 22.65 | -0.98 | -4.15% | PetroHawk Energy Corp |
| SD | 43.65 | -1.8 | -3.96% | Sandridge Energy Inc |
| ECA | 80.15 | -2.97 | -3.57% | EnCana Corporation |
| GTLS | 39.68 | -1.38 | -3.36% | Chart Industries Inc |
| FST | 58.51 | -2.02 | -3.34% | Forest Oil Corporation |
| CVA | 28.61 | -0.99 | -3.34% | Covanta Holding Corporation |
| CLB | 127.62 | -4.38 | -3.32% | Core Laboratories N.V. |
| TNE | 25.65 | -0.85 | -3.21% | Tele Norte Leste Partici ADS |
| ARD | 44.64 | -1.46 | -3.17% | Arena Resources Inc |
| RIG | 151.86 | -4.91 | -3.13% | TransOcean Inc |
| SDA | 20.92 | -0.64 | -2.97% | Sadia S.A. ADS |
| SID | 42.63 | -1.26 | -2.87% | Comp Siderurgica Nacional ADS |
| GGB | 37.71 | -1.09 | -2.81% | Gerdau S.A. ADS |
| KWK | 39.81 | -1.07 | -2.62% | Quicksilver Resources |
| AGU | 84.73 | -2.05 | -2.36% | Agrium Inc |
| RDC | 39.96 | -0.94 | -2.30% | Rowan Cos |
| ATW | 105.26 | -2.42 | -2.25% | Atwood Oceanics Inc |
| SII | 75.99 | -1.73 | -2.23% | Smith International Inc |
| BIDU | 342 | -7.66 | -2.19% | Baidu.com Inc |
| AFSI | 16.14 | -0.36 | -2.18% | AmTrust Financial Services Inc |
| FLS | 111.4 | -2.42 | -2.13% | Flowserve Corp |
| MDR | 58.62 | -1.25 | -2.09% | McDermott Intl |
| BGC | 70.31 | -1.44 | -2.01% | Genl Cable |
| CAM | 48.2 | -0.98 | -1.99% | Cameron International Corp |
| BDE | 25.66 | -0.49 | -1.87% | Bois D Arc Energy Inc |
| TNH | 145.52 | -2.68 | -1.81% | Terra Nitrogen Com L.p. Uts |
| DE | 88.89 | -1.61 | -1.78% | Deere & Co |
| SOL | 17.27 | -0.3 | -1.71% | Renesola Ltd |
| BMI | 50.02 | -0.86 | -1.69% | Badger Meter |
| CEDC | 60.4 | -0.99 | -1.61% | Central European Dstr |
| ISRG | 278.6 | -4.35 | -1.54% | Intuitive Surgical |
| ENI | 19.21 | -0.25 | -1.28% | Enersis S.A. ADS |
| NGS | 27.24 | -0.35 | -1.27% | Natural Gas Svcs Grp |
| SNHY | 29.84 | -0.37 | -1.22% | Sun Hydraulics |
| FTI | 66.56 | -0.81 | -1.20% | FMC Technologies |
| HOS | 48 | -0.49 | -1.01% | Hornbeck Offshore Services |
| TTES | 55.75 | -0.56 | -0.99% | T-3 Energy Svcs Inc |
| NOV | 72.91 | -0.71 | -0.96% | National Oilwell Varco Inc |
| ITU | 26 | -0.25 | -0.95% | Banco Itau Holding Financeira |
| PVA | 50.84 | -0.47 | -0.92% | Penn Virginia |
| GEF | 65.25 | -0.59 | -0.90% | Greif Inc A |
| EGN | 71.1 | -0.51 | -0.71% | Energen Corp |
| WFT | 79.97 | -0.48 | -0.60% | WeatherFord Intl |
| PCLN | 125.03 | -0.76 | -0.60% | Priceline.com Inc |
| EOC | 49.14 | -0.28 | -0.57% | Empresa Nacl De El(Chile)ADS |
| POWI | 31.84 | -0.16 | -0.50% | Power Integrations Inc |
| BAP | 78.82 | -0.37 | -0.47% | Credicorp Ltd |
| GHM | 54.8 | -0.23 | -0.42% | Graham Corp |
| CLR | 42.09 | -0.13 | -0.31% | Continental Resources Inc |
| VIP | 29.62 | -0.09 | -0.30% | Open-Joint/Vimpel Commun ADS |
| RBN | 39.76 | -0.11 | -0.28% | Robbins & Myers |
| NE | 56.92 | -0.1 | -0.18% | Noble Corp |
| PDE | 43.13 | -0.04 | -0.09% | Pride Intl |
| CCH | 45.83 | -0.02 | -0.04% | Coca-Cola Hellenic ADS |
| VMI | 99.8 | 0.3 | 0.30% | Valmont Indus |
| LKQX | 21.02 | 0.09 | 0.43% | LKQ Corp |
| BBD | 21.72 | 0.1 | 0.46% | Banco Bradesco SA Pfd ADS |
| KOP | 48.22 | 0.25 | 0.52% | Koppers Holdings Inc |
| $SPX.X | 1388.81 | 8.83 | 0.64% | S&P 500 Index |
| MFLO | 18.48 | 0.13 | 0.71% | Moldflow Corp |
| CTRP | 58.92 | 0.43 | 0.74% | Ctrip.com Intl |
| $NDX.X | 1924.58 | 17.92 | 0.94% | Nasdaq 100 Index |
| OLN | 22.49 | 0.23 | 1.03% | Olin Corp |
| URBN | 32.94 | 0.35 | 1.07% | Urban Outfitters |
| MCRS | 35.85 | 0.41 | 1.16% | Micros Systems |
| DECK | 117.45 | 1.41 | 1.22% | Deckers Outdoor |
| KSU | 42.05 | 0.53 | 1.28% | Kansas City Southern |
| MPWR | 21.25 | 0.27 | 1.29% | Monolithic Power Systems Inc |
| ANSS | 40.5 | 0.55 | 1.38% | Ansys Inc |
| GME | 55.97 | 0.76 | 1.38% | Gamestop Corp A |
| ISYS | 30.14 | 0.48 | 1.62% | Integral Systems |
| GTI | 20.28 | 0.34 | 1.71% | Graftech Intl |
| EDU | 73.55 | 1.37 | 1.90% | Oriental Educ & Tech Group |
| EXLS | 24.6 | 0.46 | 1.91% | ExlService Hldgs Inc |
| RIMM | 123.66 | 2.83 | 2.34% | Research In Motion |
| CSX | 60.77 | 1.41 | 2.38% | CSX Corp |
| MA | 239.55 | 5.61 | 2.40% | Mastercard Incorporated |
| KEX | 57.61 | 1.61 | 2.88% | Kirby Corp |
| WFR | 75.35 | 2.15 | 2.94% | Memc Electronic Materials |
| PSEM | 16 | 0.46 | 2.96% | Pericom Semiconductor |
| WDC | 31.25 | 1.01 | 3.34% | Western Digital |
| CMCO | 29.93 | 1.15 | 4.00% | Columbus Mckinnon |
| JST | 37.55 | 1.47 | 4.07% | Jinpan Intl |
| CNQR | 33.34 | 1.65 | 5.21% | Concur Technologies |
Apr
24
Stocks and Sentiment for Friday
By Teresa | Filed Under Trading Ideas | Leave a Comment
The InVivo Objective Sentiment Survey tracks the number of buy and sell signals amongst the constituent stocks of the S&P 100 and NASDAQ 100 indexes.
At the close, the S&P 100 index had 72 on buy and 28 on sell while the NASDAQ 100 index had 72 on buy and 28 on sell.
And The Winners Are…
The stock scan conducted after the close on Thursday found 90 winners and 29 losers.
The winners are listed in alphabetical order below. Click on the column headers to sort the list. Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million).
Read more
Apr
24
Mad Money Stocks for Friday
By Teresa | Filed Under Trading Ideas | Leave a Comment
The Booyah list is comprised of featured and game plan stocks mentioned by Jim Cramer on Mad Money. The stocks are listed in alphabetical order below. Click on the headers to sort by column.
Read more
