Ag Stocks Get a Cramer Boost; Deere, Terra Nitrogen Lead the Group Higher (DE, TNH, MON, POT, AGU, MOS)
More News related to AGU
- Traders Cheering Agrium's (AGU) Q4 Bottom Line Beat
- Agrium Reports Fourth Quarter Results; Well Positioned for 2010
- Agrium Reports Fourth Quarter Results; Well Positioned for 2010
- Trading Radar for 02/09: Coca-Cola (KO), Pulte Homes (PHM), Agrium (AGU), BJ Services (BJS), Baidu.com (BIDU) Report
- Canpotex Announces 350K MT Potash Sale to China (AGU, MOS, POT)
More News related to DE
- Notable Analyst Rating Changes 02/02: AA, Q, AXP, FCX, ACHN Upgraded; JEC, VCLK, AVAV Downgraded
- Morgan Joseph Initiates Coverage on Deere & Co (DE) with a Hold; Shares Appear Fully Valued
- Council on Competitiveness Names Deere (DE) CEO as Chairman by the Executive Committee
- Deere & Company President & CEO Samuel Allen Elected Chairman of Council on Competitiveness
- Last Day to Vote for the Best IR Program and Best IR Officer
More News related to MON
- Monsanto (MON) volatility flat as shares trend lower
- BofA Merrill Upgrades Monsanto (MON) to Buy, Raises Target to $96
- Monsanto Executives to Address Investors at February Events
- Monsanto (MON) Gets EPA Approval for New Acetochlor Herbicide
- Monsanto Company Receives Approval for New Acetochlor Herbicide Formulation
More News related to Analyst Comments
- Morgan Stanley Says Buy Commodities on Recent Dip
- JPMorgan Close to Upgrading UAL, AMR, US Airways; Raises Estimates on UAL Following Traffic Results (UAUA, AMR, LCC, more)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- S&P Revises Outlook on Citigroup (C) from Stable to Negative
- Wedbush Maintains an 'Outperform' on Electronic Arts (ERTS); Lowers PT & Estimates
Ag-related stocks are outperforming the broader markets this afternoon, getting a boost from a Jim Cramer tout on last night's Mad Money. The Market Vectors Agribusiness ETF (NYSE: MOO), a great measure of agriculture and fertilizer stock performance, is 1.3% today.
Citing the Department of Agriculture's increased spot price forecast last week, Cramer told viewers of his CNBC show that he feels agriculture is the next sector poised to break out.
He named his top pick Monsanto (NYSE: MON), the world's largest seed manufacturer, saying that last week's positive regulatory news confirms the strength in the sector. Shares of Monsanto are up more than 2% to around $79.34 today.
Cramer next turned to the fertilizer stocks, giving the thumbs up on Potash (NYSE: POT), Agrium (NYSE: AGU), Mosaic (NYSE: MOS) and Terra Nitrogen (NYSE: TNH). Although Cramer said that he believes that Potash is the cheapest in this sub-sector, his favorite is Terra Nitrogen with its hefty $1.63, or 6%, quarterly dividend. As expected, these stocks are also trading in positive territory today: Potash is up 2% to $112.90, Agrium and Mosaic are up 1.7% and 2.9%, respectively, and Terra shares have surged more than 7% to around $108.99.
Finally, Jim concluded the piece with a look at Deere (NYSE: DE), pointing out that the company will no longer face headwinds from a strengthening dollar. He also noted that the stock currently has 12 analysts with Hold ratings on it, leaving "plenty of room for upgrades." Cramer said he would be a buyer of the stock ahead of the company's Q4 earnings report, due out on Wednesday, November 25.
With about three hours left in the trading session, Deere shares are up more than 5% to around $51.70.
Related Categories
Analyst CommentsMomentum Movers
Trader Talk
Stocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
