Potash Corp. of Saskatchewan Inc. (POT)

402.35
40.35 11.15
Prev Close 362.00
Open 402.35
Day Low/High 402.35 / 402.35
52 Wk Low/High 297.20 / 402.35
Volume 2.47K
Avg Volume 3.58M
Exchange n.a.
Shares Outstanding 840.16M
Market Cap 17.29B
EPS 0.40
Div & Yield 0.40 (2.00%)

Cowen's Not High on POT

Cowen is downgrading the fertilizer space, including Potash Corp. (POT). I recently discussed POT here.

My Takeaways and Observations

Today and yesterday are good examples of the fondness of crowds, and that buyers live higher and sellers live lower. Stocks closed at the day's highs, despite a reversal in the price of crude oil and some weak domestic data and disappointing retail ...

My Takeaways and Observations

Lessons from Byron Wien and Cole Porter.  But Hussman is even more bearish than me! I "defriended" Facebook (FB) again.  I did little trading today as I was focused on my taxes! High of the days with about seventy minutes to go. What's bad is new an...

My Takeaways and Observations

"Wouldn't it be nice if we were older Then we wouldn't have to wait so long And wouldn't it be nice to live together In the kind of world where we belong..." --Beach Boys, "Wouldn't It Be Nice?"  I feel strongly that there is no or a limited safety ...

Potash Could See New Lows as It Searches for Bottom

Potash Could See New Lows as It Searches for Bottom

It will take Potash a long time to develop a bottom. 

Fertilizer Stocks Are on the Dung Heap

I noticed in today's comments section that some readers are bottom-fishing in my old favorite Potash Corp. (POT), but I wouldn't recommend that. I previously took my losses and have moved on. A number of factors continue to weigh on fertilizer price...

My Takeaways and Observations

Another strong market day.  The issue of taxes was front and center today. Here are some of my takes: My Take on Corporate Taxes  Man Up, Allergan Shareholders  Who Loses in Pfizer/Allergan Deal's Demise?  I remain manifestly bearish, in the belief ...

Looking to Short More CAT as Farm-Related Stocks Sag

Monsanto (MON), Mosaic Co. (MOS), Potash Corp. (POT) and many other agriculturally oriented stocks are all lower today. The fertilizer-and-agricultural-chemicals index is down nearly 3% -- its largest drop since early March -- while the ag-and-farm-...

My Takeaways and Observations

Take this, bulls!  This, too!  I ended the day with my highest net short exposure in more than 12 months. Committed in view, or to be committed? You decide. The U.S. dollar declined in value today. This seems to be a key element of the bulls' argume...

Trader's Notebook: Seeing Potential in Potash Corp.

Also, more on the gold miners ETF.

My Takeaways and Observations

I outlined my negative market outlook in this morning's opening missive, "Forget the 'Church of What's Happening Now.'" This summary detailed the fundamental, technical and sentiment headwinds that I see.  A challenge to Jim "El Capitan" Cramer on C...

Selling Best Buy Amid a Weakening Retail Outlook

The U.S. retail outlook is deteriorating, and I'm responding in my portfolio. The Commerce Department said today that retail sales dropped 0.1% in February -- but the real bad news was a revision to January's numbers. Commerce revised its initial re...

My Takeaways and Observations

I started by updating The Mighty OAK -- Oaktree Capital Group (OAK). Up $1 yesterday and another 50 cents in a weak tape today. Nice.   ECB DAY. Here, here  and here are takes on the European Central Bank and its impact. RevShark called the sell on ...

Making Some Major Portfolio Ch-Ch-Changes

"I still don't know what I was waiting for And my time was running wild. A million dead-end streets Every time I thought I'd got it made. It seemed the taste was not so sweet So I turned myself to face me. But I've never caught a glimpse Of how the ...

Today's Takeaways and Observations (Early Edition)

Today's Takeaways and Observations (Early Edition) It's been another win for the bulls so far in the session, with the SPDR S&P 500 ETF (SPY) higher at last check after being down 85 cents earlier today. I started the day underscoring the "Top 10 Re...

Recommended Reading

Bruce "The Chart Man" Kamich has a good piece this morning about the technicals for Potash Corp. (POT). As I mentioned yesterday, Sanford Bernstein is also seeing a fundamental bottom for the agricultural sector's cycle.

Is There Finally Some Technical Hope for Potash?

Is There Finally Some Technical Hope for Potash?

Longer-term investors could consider a small starter position in POT.

My Takeaways and Observations

A win for the bulls. I outlined my cautious view in my opener.  I sold a number of longs and reduced my long side today.   I sold my biotech basket for a good two-and-a-half-week gain.  I reduced my bank longs from large to between small and medium ...

From The Street of Dreams

Sanford Bernstein Research is saying this morning that the agricultural cycle might have bottomed. If you agree, my favorite longs with fertilizer/agricultural exposure are Potash Corp. (POT) and DuPont (DD). DD is one of my favorite stocks for 2016...

My Takeaways and Observations

If I had to guess, today's sharp rally was a function of monthly inflows, technical breakouts and programs. But it is only a guess. However, you will watch in the business media all the talking heads who liked yesterday's market and purchased opport...

My Takeaways and Observations

At 3:00 p.m. ET stocks were at the low of the day and S&P futures were more than 20 handles below pre-market trading highs, where I shorted. I started the day with an opening missive, "Donald Trump and the U.S. Stock Market," in which I outlined the...

Reasons to Buy Potash -- or Not

I have quoted subscriber Kim G in the past. Here are some of his particularly insightful and well-structured comments on Potash (POT) in our Comments Section this morning: If I weren't so friggin' bearish on the overall market, I'd be *VERY* tempted...

My Outlook for the Market's Major Sectors (Part 1)

"Yellen is wrong -- and she has a lot of company. It is an amazing reality that, among economists, the faith in the possibility of endless expansions has survived the 2008-2009 financial crisis and the Great Recession. What history teaches is disqui...

Takeaways and Observations

Hello, all -- I'm back! Great job yesterday by Chris "Not the Designer" Versace in subbing for me. My takeaways and observations regarding yesterday's action: St. Louis Fed President James Bullard is full of bull. Ray Dalio of hedge fund Bridgewater...

Takeaways and Observations

My thoughts as we enter the last half-hour of trading: "Who's on First?"  -- damned if I know! The market trended higher from the get go. Machines and algos in full gear. At 230 p.m. ET the S&P was at its high, with a gain of  nearly 35 handles on l...

POT Prices Soar

Potash Corp. (POT) is +5% today on the market's continued rotation into cyclicals. I'm holding on to what's been an awful investment for me so far!

My Takeaways and Observations

This might be the most hated market rally in months.  As I have been commenting, we got deeply oversold, support held and machines/algos did the rest! The typical correlation between SPDR S&P 500 ETF (SPY) and the inverse iShares 20+ Year Treasury B...

Today's Takeaways and Observations

There was something for everyone (bulls and bears) today. Volatility cubed! My early perspective was outlined in "Drilling Teeth Without Novacain."  I bought the test and premarket weakness unemotionally as promised and expanded my net long exposure...

9 Rising Stocks in a Falling Market

Stocks are near the day's lows as I write this -- and an old traders' adage is to "buy what's green in a flow of red." That's not a strategy I plan to employ today. But for contrarians who are looking for some trades in a potential market turnaround...

Today's Takeaways and Observations

At 2:15 p.m. things appeared quite panicky. Just look at iShares 20+ Year Treasury Bond (TLT), which was up $2.75 with the yield on the 10- and 30-year bonds down by another 12 basis points; the drop in crude oil, which was down $1 to under $30 a ba...