Our series on expected upside in stock prices continues today with a look at the biofuels sector. What you are about to see are numbers that, for the most part, defy gravity.…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research. Advanced Micro Devices Inc. (NYSE: AMD) Raised to Buy at UBS.…
What will happen to ethanol makers when the US subsidy ends in December, as appears increasingly likely? Bunge Ltd. (NYSE: BG) apparently believes that demand will continue strong, at least in Brazil…
Hot, dry weather is now expected to reduce the US corn harvest and lift consumer prices for everything from breakfast cereal to pump prices at the local service station. Agricultural stocks from…
More than 40% of this year’s US corn harvest, about 5.05 billion bushels, is expected to be used to produce ethanol. That surpasses an estimated 5 billion bushels that will be used…
The writing has been on the wall for about three weeks: the $0.45/gallon ethanol subsidy and the $0.54/gallon tariff on imports are politically dead. Another nail got hammered into the coffin yesterday…
The US Senate, by a 73-27 margin, has approved an amendment to an economic development bill that would end the $0.45/gallon ethanol credit and the $0.54/gallon tariff on imported ethanol. A similar…
Corn prices have fallen by its limit of $0.30/bushel today, at about $7.52/bushel, and other ag commodities are also trading down. Wheat is off more than $0.25/bushel, to around $7.17. This on…
We have a very busy week ahead for equity investors, even outside of earnings season. This coming week’s key events, what we call The Unusual Suspects, is non-earnings related and includes the…
Earnings season may be winding down but there are still sector-moving companies due to report earnings this week. We will be watching earnings for AutoZone Inc. (NYSE: AZO), Tech Data Corporation (NASDAQ:…
Despite the known problems of ethanol, ethanol lives! After the closing bell on Tuesday came word that Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) has entered into a definitive agreement to acquire…
Jon C. Ogg These are some of the top analyst upgrades, downgrades, and initiations seen in Wall Street research notes this Tuesday morning: Abercrombie & Fitch (NYSE: ANF) Raised to Outperform at BMO Capital. DG…
These are this Monday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls during the pre-market hours: ARM Holdings (NASDAQ: ARMH) Cut to Hold at UBS. DreamWorks Animation…
Toward the end of 2008 (and even sooner), ethanol may have seemed like a fad that came and went. Then came the dull year of 2009 that seemed as though it would…
A (very) small cap ethanol producer, Green Plains Renewable Energy Inc. (NASDAQ: GPRE), has agreed to buy two ethanol plants formerly owned by now-bankrupt VeraSun Energy Corp. The owner of the plants…
