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%)

Latest News

Potash Initiated at Buy at HSBC

2 Fertilizer Names Catch Buys

From the Street of Dreams: HSBC initiates Mosaic and Potash with buys.

More Random Action Seen Today

The liquidity-driven bull market is not showing any signs of stopping.   I am seeing a randomness, perhaps driven by that liquidity, that continues apace.   Case in point: strength in fertilizers -- CF Industries , Potash , etc. -- with no clear cat...

My Takeaways and Observations (Late Session Edition)

"I satirize at all times, and my hyperboles are as nothing compared to the events to which they refer." - Marshall McLuhan    We are stuck in a fantasy legislative land.    Goldman Sachs gets on board with my Hurricane Harvey/Budget view.    Sell te...

These Stocks Have Changed Direction

Finding bullish and bearish reversals in the market.

Potash Base Breakout

The Book of Boockvar

My good friend Peter Boockvar, chief market analyst with The Lindsey Group, discusses the soft data (remember I suggested months ago that the animal spirits would abate), bond carnage, agriculture prices (see Potash's ramp yesterday) and sclerosis i...

Takeaways and Observations

"I understand that there's a certain comfort in crowds, as well as a distrust of the remnants of individual opinion. I suppose that's a function of the human condition, human spirit and human nature." -- Kass Diary, "You Gotta Be in It To Win It?"  ...

Some Midday Observations

"Every little swallow, every chick-a-dee Every little bird in the tall oak tree The wise old owl, the big black crow Flappin' their wings signin' "go bird, go" Rockin' robin, (tweet-tweet-tweet) Rock-rock-rockin' robin' (tweet-tweedilly-tweet) Go ro...

I Am Not Dancing

I am back to the highest net short exposure that I have been at in months, with most of my short add-ons made in the last few days. I have just eliminated my Potash trading rental (see Mosaic shares, down around 4% at present) for a breakeven and I ...

Takeaways and Observations (2:30 p.m. Edition)

"It aint the heat, its the humility." - Yogi Berra With 90 minutes to go in the trading session volatility is getting crushed and, arguably, euphoria is advancing as fear has left the building. Leadership remains narrow as the largest tech stocks ((...

Takeaways & Observations

"I had nothing to offer anybody except my own confusion." -- Jack Kerouac  So, color me confused. But I will persevere and write "Takeaways!"  While a lot didn't make sense, I suspect many traders/investors were caught "offsides."  Peter Boockvar do...

Notes from Potash Conference Call

I would continue to avoid Potash Corporation of Saskatchewan .   Here are notes from the company's conference call today: POT reaffirms forecast of 61-64 million tons of potash demand in 2017 They don't have the final data for 2016 POT had a record ...

The Good, the Bad and the Ugly (Early Afternoon Edition)

"You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig." -- Blondie, "The Good, the Bad and the Ugly" Here's a quick review of today's market action at 3 p.m. (we are at daily highs with buy...

My Takeaways and Observations

More of the same -- as Mr. Market remains enthusiastic with The Orange Swan and his contemplated policies aimed at catalyzing domestic economic growth.   But, with fear and doubt having left Wall Street, we may be reaching The Outer Limits. And I ha...

My Takeaways and Observations (2:45 p.m. EST edition)

"First gear, it's all right (Honda, Honda, go faster, faster) Second gear, I'll lean right (Honda, Honda, go faster, faster) Third gear, hang on tight (Honda, Honda, go faster, faster) Faster, it's all right." -- Beach Boys, "Little Honda"  With a b...

Checking Out Potash

Potash shares have had a nice run recently, and some of our subscribers (see Comments Section) have expressed continued interest in this name.  First Boston's analytical team met with Potash in a sell-side lunch yesterday.  Here is a summary of thei...

Trader's Daily Notebook: Let's Call It an 'Upside Crash'

Who would want to sell short in this environment?

My Takeaways and Observations

"Well, they call you lady luck But there is room for doubt At times you have a very un-lady-like way Of running out..." -- Guys and Dolls, Luck Be A Lady (Frank Sinatra)  Trump will not likely Make Twitter Great Again.   I, bear.    Explaining my pr...

My Takeaways and Observations

The important messages today are the developing divergences.    The strength in energy stocks (reflecting a $3.88 a barrel rise in crude oil) masked the underlying weakness in the broader markets. Stated simply, these divergences in breadth, highs/l...

Potash Is Finally Ready to Sprout Bullish Green Shoots

Indicators on POT have come together in a positive way that was missing in August.

Late Morning Observations and Why We Might All Be Going Up In Smoke!

"Cause you had a bad day You're taking one down You sing a sad song just to turn it around You say you don't know You tell me don't lie You work at a smile and you go for a ride You had a bad day The camera don't lie You're coming back down and you ...

Midday Report: Strong Demand Boosts Pending Home Sales; U.S. Stocks Fluctuate

U.S. stocks fluctuated as a post-earnings rally in Twitter shares faded.

Analyst Actions

BMO downgrades JPMorgan Chase to neutral. Buckingham lowers Potash to market weight. Bankamerica initiates Radian Group with a buy. Keefe lowers Wells Fargo to market perform.

My Takeaways and Observations

The media is not the message. With a little help from Johnny Mercer, did you know he founded Capitol Records?   This is serious folks -- I see less of a reason to have an outsized long portfolio than at any time since Winter 2007. The market outlook...

A Good Day to be Short

My Takeaways and Observations   A good day for the dark side.   Sell in September or Get Dismembered (Part Trois!). Those bulls who were self-confident last Wednesday couldn't be seen today ... or Friday. Predictable.   Regardless of the winner, my ...