Posts for Ticker ‘TRA’

Top Day Trader Alerts (AIG, AONE, MBI, PALM, SIGM, REGN, CADX, TRA, CF, AGU, BRCD)

These are this morning’s top day trader and active trader alerts seen in the pre-market trading hours.  We also included some options color from yesterday.  A link has been provided for more detailed analysis and data for each stock over at VSInvestor.com:

American International Group, Inc. (NYSE: AIG) is down only about 2% after reports that the company could find itself leaderless again.

A123 Systems, Inc. (NASDAQ: AONE) is trading down 3% after earnings and concerns over a partnership.

MBIA Inc. (NYSE: MBI) is trading up over 3% this morning after getting crushed yesterday, M.J. Whitman’s Third Avenue took a stake.

Palm Inc. (NASDAQ: PALM) is running over 3% on an analyst call.

Sigma Designs, Inc. (NASDAQ: SIGM) is down 8% on a downgrade.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is trading up 10% after Sanofi-Aventis expanded its antibody pact substantially.

We have many options on watch as well:

  • Cadence Pharmaceutical Inc. (NASDAQ: CADX) is one to watch with a huge binary volatility trade ahead of the 11/13 PDUFA date for Acetavance as a treatment for acute pain.
  • There was some interesting options trading seen yesterday in the trifecta fertilizer merger war via Terra Industries Inc. (NYSE: TRA), CF Industries (NYSE: CF), and Agrium (NYSE: AGU).
  • Brocade Communications Systems, Inc. (NASDAQ: BRCD) gave a stock and option alert yesterday, but it went even more active in options with the NOV09 $9 CALLS seeing 24,450 contracts and the NOV09 $10 CALLS seeing 17,432 contracts.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 11, 2009 – 9:09 am in Pre-Market Activity, Trading Alert, , , , , , , , , , ,

Fertilizer Wars Heat Up Again (CF, TRA, AGU, MOO)

magazin

Fertilizer maker CF Industries Holdings, Inc. (NYSE:CF) said it has purchased 7% of the shares of competitor Terra Industries Inc. (NYSE:TRA) on the open market. CF has also renewed its offer to purchase the remaining shares of Terra, this time for about $4 billion. The latest offer values Terra at about $40/share and includes a $7.50/share adjustment to pay for a special dividend that Terra proposes to issue to its shareholders.

CF Industries is itself trying to resist a buyout from Canadian fertilizer maker Agrium Inc. (NYSE:AGU), which last week extended its exchange offer for CF until October 22nd. That offer includes $40/share in cash plus one share of Agrium stock for each share of CF stock. Read More »

Posted on: September 29, 2009 – 10:16 am in Agriculture, , , ,

Top 10 Analyst Upgrades and Downgrades (AEZS, AXP, ARTC, BRCD, GLW, CRXL, GS, IGT, MOT, TRA)

These are ten of the top analyst research upgrades, downgrades, and initiations seen early this Tuesday morning with about two hours until the market opens:

Aeterna Zentaris (AEZS) Cut to Sector Perform at RBC; cut at Canaccord and at Desjardins also.
American Express (AXP) Raised to Outperform at KBW.
Arthrocare (ARTC) Raised to Buy at Canaccord.
Brocade (BRCD) Raised to Strong Buy at S&P.
Corning (GLW) Raised to Outperform at Oppenheimer.
Crucell (CRXL) Cut to Sell at ING.
Goldman Sachs (GS) Raised to Buy at Pali.
International Game Tech (IGT) Raised to Overweight at JPMorgan.
Motorola (MOT) Started as Buy at Canaccord.
Terra Industries (TRA) Started as Overweight at JPMorgan.

JON C. OGG
AUGUST 18, 2009

Posted on: August 18, 2009 – 7:53 am in Analyst Calls, , , , , , , , , ,

New Fertilizer Dump, India and USDA (POT, MOS, AGU, CF, TRA, TNH, IPI, MOO)

Broken Money Merger ImageFertilizer stocks just can’t catch a break.  If it isn’t an official earnings warning to watch out for or the stock market and economic growth concerns, then it government data.  New data reported from the U.S. Department of Agriculture has raised concerns that farmers are going without fertilizer.  Add in a report of another price drop in potash in India and you have the double whammy.  Potash Corp. of Saskatchewan, Inc. (NYSE: POT), Mosaic Co. (NYSE: MOS), Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), Terra Industries Inc. (NYSE: TRA), Terra Nitrogen Company, L.P. (NYSE: TNH), and Intrepid Potash, Inc. (NYSE: IPI) are all seeing some action today.  Just not good action.  Even the Market Vectors Agribusiness ETF (NYSE: MOO) is getting hit.

Read More »

Posted on: July 10, 2009 – 1:19 pm in Agriculture, Economy, Trading Alert, , , , , , , ,

Potash Earnings Issues Now Credibility Issues (POT, MOS, AGU, CF, TRA, TNH, IPI, MOO)

Burning Money PicPotash Corporation of Saskatchewan Inc. (NYSE: POT) did last night what most traders already feared was coming. The Canadian potash supply giant said that weak demand for its products and lower prices were going to take earnings for the quarter down to about $0.70 EPS versus a previous forecast of $1.10 to $1.50 EPS.  This is hitting other potash and fertilizer companies including Mosaic Co. (NYSE: MOS), Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), Terra Industries Inc. (NYSE: TRA), Terra Nitrogen Company, L.P. (NYSE: TNH), and Intrepid Potash, Inc. (NYSE: IPI).  Even the Market Vectors Agribusiness ETF (NYSE: MOO) is indicated to open lower this morning.
Read More »

Posted on: June 26, 2009 – 6:48 am in Agriculture, Earnings Warning, , , , , , , ,

Fertilizer Maker Makes Final Plea for Merger (AGU, CF, TRA)

money-stack-image41Tomorrow’s the day that fertilizer maker Agrium Inc. (NYSE:AGU) will find out if its offer for competitor CF Industries Holdings, Inc. (NYSE:CF) is too good for shareholders to refuse. Agrium has mailed yet another letter to CF shareholders today, urging them to withhold votes for three CF-nominated directors. There’s nothing new in the letter, just another encouraging word to shareholders to throw the bums out.
Read More »

Posted on: April 20, 2009 – 9:07 am in Agriculture, Mergers and Buy Outs, , ,

Fertilizer Merger Wars Heating Up (TRA, CF, AGU, MOO)

money-stack-image30The president and CEO of Terra Industries Inc. (NYSE:TRA) has apparently purchased 100 shares of stock in CF Industries Holdings, Inc. (NYSE:CF) and requested CF to provide him with a list of all CF shareholders so that he can get in touch with them. CF’s CEO is not amused. In his reply, he asked why Terra’s chief appears to be more interested in communicating with stockholders than in negotiating a merger agreement with the company.

Read More »

Posted on: April 15, 2009 – 9:23 am in Agriculture, ETF, Insider Activity, Mergers and Buy Outs, , , ,

Fertilizer Mergers in the Backstretch (CF, AGU, TRA)

money-stack-image25The proposed acquisition of CF Industries Holdings, Inc. (NYSE:CF) by Canadian firm Agrium Inc. (NYSE:AGU) is heading for the shareholders’ meeting on April 21st. CF Holdings has received an opinion from RiskMetrics Group, a risk management firm that now owns former Institutional Shareholder Services, supporting the re-election of CF’s three nominees to its board of directors.
Read More »

Posted on: April 13, 2009 – 7:38 am in Agriculture, Mergers and Buy Outs, , ,

Proxy Battle Begins in Fertilizer Deal (AGU, CF, TRA)

money-stack-image9Canadian fertilizer giant Agrium Inc. (NYSE:AGU) today filed its definitive proxy materials with the SEC in its effort to acquire CF Industries Holdings, Inc. (NYSE:CF)  Agrium is asking CF shareholders to withhold votes from CF’s board nominees in an effort to get CF to negotiate a deal. CF’s annual shareholders meeting is scheduled for April 21st.
Read More »

Posted on: April 6, 2009 – 9:39 am in Agriculture, Mergers and Buy Outs, , ,

Fertilizer Merger Getting Richer (AGU, CF, TRA)

money-stack-image60We’ve been watching the fertilizer industry’s merger triangle of Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), and Terra Industries, Inc. (NYSE: TRA) for a while now. In the latest development, Agrium has just raised the cash portion of its offer for CF by more than 10%, to $35/share. The offer also includes a one-for-one exchange of CF shares for Agrium shares.
Read More »

Posted on: March 27, 2009 – 9:37 am in Agriculture, Mergers and Buy Outs, , ,

Fertilizer Makers Won’t Dance (CF, AGU, TRA)

money-stack-image49For the second time in as many weeks, CF Industries Holdings, Inc. (NYSE:CF) has rejected an offer from Agrium Inc. (NYSE:AGU), saying that “Agrium’s offer is grossly inadequate, substantially undervalues CF Industries and is not in the best interests of CF Industries and its stockholders.”  CF repeats its claim that the Agrium offer is “opportunistic,” as well as an attempt to torpedo CF’s bid to takeover Terra Industries (NYSE:TRA).

Read More »

Posted on: March 23, 2009 – 8:45 am in Agriculture, Mergers and Buy Outs, , ,

Agrium-CF-Terra Merger Triangle Gets Hostile (AGU, CF, TRA)

money-stack-image18Agrium Inc.(NYSE: AGU) does not want to give up on its merger intentions.  The company issued a statement saying that the rejection by CF Industries Holdings, Inc. (NYSE: CF) of its proposed acquisition is a disappointment.  Agrium said this is a fully financed offer of 1 Agrium common share plus $31.70 in cash per share, which comes to $72.00 per CF common share.
Read More »

Posted on: March 9, 2009 – 2:03 pm in Agriculture, Mergers and Buy Outs, , ,

Opportunism Everywhere in Fertilzer Business (CF, AGU, TRA, MOO)

money-stack-image16Fertilizer maker CF Industries Holdings, Inc. (NYSE: CF) this morning rejected a buyout offer from Canada’s Agrium, Inc. (NYSE: AGU). The stock and cash offer was valued at about $72/share of CF stock.  Last week,  Terra Industries, Inc. (NYSE: TRA), a fertilizer maker, rejected CF’s $2.1 billion all stock bid.

Read More »

Posted on: March 9, 2009 – 9:02 am in Agriculture, Mergers and Buy Outs, , , ,

Fertilizer Triangle Now a Twosome, Maybe (TRA, CF, AGU)

money-stack-image11Barely a week ago, we noted that Terra Industries, Inc. (NYSE: TRA) was likely to refuse an unsolicited offer from CF Industries Holdings, Inc. (NYSE: CF) because the deal included only 0.4325 shares of CF stock for each Terra share, and no cash. This morning, our prediction came true, for a slightly more complicated reason.
Read More »

Posted on: March 5, 2009 – 9:17 am in Agriculture, Mergers and Buy Outs, , ,

Something Brewing At Mosaic? (MOS, AGU, CF, TRA)

money-stack-image7Mosaic Co. (NYSE: MOS) was lost in the financial shuffle today.  Perhaps it should not have been.  The stock rose up 8.5% at $43.05 today on more than double the normal volume.  Options were extremely active too.

Read More »

Posted on: February 27, 2009 – 5:10 pm in Agriculture, Mergers and Buy Outs, Rumors, Trading Alert, , , ,

Fertilizer, Ag, and Potash… Almost Cool Again (AGU, MOS, TRA, IPI, POT, CF)

Money_stack_pic_2There have been several research calls in the potash, agriculture, and fertilizer sector this morning which have pushed stocks higher.  Agrium Inc. (NYSE: AGU), Mosaic Co. (NYSE: MOS), Terra Industries Inc. (NYSE: TRA), Intrepid Potash, Inc. (NYSE: IPI), Potash Corp. of Saskatchewan, Inc. (NYSE: POT), and CF Industries Holdings, Inc. (NYSE: CF) are all trading higher.

Read More »

Posted on: December 16, 2008 – 10:07 am in Agriculture, Analyst Calls, Trading Alert, , , , , ,

Top Pre-Market Analyst Upgrades (AER, AGU, CF, GVA, MFLX, OMRI, PM, PFG, TRA)

These are some the top pre-market upgrades from analysts we have seen with more than two hours until the market opens this Tuesday morning:

  • AerCap (AER) Raised to Buy at Citigroup.
  • Agrium (AGU) Raised to Buy at Citigroup.
  • CF Industries (CF) Raised to Buy at Citigroup.
  • Granite Construction (GVA) Raised to Neutral at Goldman Sachs.
  • Multi-Fineline Electronix (MFLX) Raised to Buy at Needham.
  • Omrix Biopharma (OMRI) Raised to Buy at UBS.
  • Philip Morris International (PM) Raised to Outperform at Credit Suisse.
  • Principal Financial (PFG) Raised to Market Perform at FBR.
  • Terra Industries (TRA) Raised to Buy at Citigroup.

Jon C. Ogg
November 3, 2008

Posted on: November 4, 2008 – 7:40 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (ACV, CMM, NCC, NT, RHD, TLAB, TRA, XLNX)

These are some of the top analyst upgrades we have seen this Monday morning with about two hours to the open:

  • Alberto-Culver (ACV) Started as Buy at Goldman Sachs.
  • China Mass Media (CMM) Started as Outperform at Oppenheimer.
  • National City (NCC) Raised To Outperform at Oppenheimer.
  • Nortel Networks (NT) Raised to Buy at UBS.
  • R.H. Donnelley (RHD) Raised to Hold at Deutsche Bank.
  • Tellabs (TLAB) Raised to Outperform at Baird.
  • Terra Industries (TRA) Raised to Neutral at Goldman Sachs.
  • Xilinx (XLNX) Raised to Buy at Piper Jaffray.

Jon C. Ogg
September 29, 2008

Posted on: September 29, 2008 – 6:52 am in Analyst Calls, , , , , , , ,

Top Analyst Upgrades & Downgrades (ANR, BJS, DL, RIMM, AGU, CF, MNT, POT, TRA)

There are actually very few analyst calls this morning and some of these may even be carry-over calls from late yesterday:

  • Alpha Natural Resources (ANR) raised to buy at UBS.
  • BJ Services (BJS) raised to Equal Weight at Morgan Stanley.
  • China Distance Education (DL) started as buy at Citigroup.
  • Research in Motion (RIMM) raised to outperform but target cut to $110 at Raymond James; raised to neutral from underperform at Credit Suisse.
  • Agrium (AGU) cut to hold at Citigroup.
  • CF Industries (CF) cut to hold at Citigroup.
  • Mentor Corp. (MNT) cut to hold at Jefferies.
  • Potash Corp. (POT) target cut to $250 from $375 at RBC.
  • Research in Motion (RIMM) cut to hold at Canaccord; cut to sector perform at RBC.
  • Terra Industries (TRA) cut to hold at Citigroup.

Jon C. Ogg
September 26, 2008

Posted on: September 26, 2008 – 6:43 am in Analyst Calls, , , , , , , , ,