Morgan Stanley Makes Dire Prediction for N.A. Nitrogen Producer Earnings (MOO)
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Soft commodity futures prices are rebounding in early trading on Tuesday after selling off last week following a USDA report predicting record crops. Market Vectors Agribusiness ETF (NYSE: MOO) is down over 4 percent in the past 5 days.
MOO could see more action today after Morgan Stanley analyst make dire predictions for North America nitrogen producers. They see 50 percent downside to 2012 earnings in an "extreme bear case".
Specfic stocks to watch on the negative prediction include CF Industries Holdings, Inc. (NYSE: CF), The Mosaic Company (NYSE: MOS), and Potash Corp. (NYSE: POT)
The top four holdings in MOO are Monsanto (NYSE: MON), Potash, Deere (NYSE: DE), and Syngenta AG (SYENF).
MOO could see more action today after Morgan Stanley analyst make dire predictions for North America nitrogen producers. They see 50 percent downside to 2012 earnings in an "extreme bear case".
Specfic stocks to watch on the negative prediction include CF Industries Holdings, Inc. (NYSE: CF), The Mosaic Company (NYSE: MOS), and Potash Corp. (NYSE: POT)
The top four holdings in MOO are Monsanto (NYSE: MON), Potash, Deere (NYSE: DE), and Syngenta AG (SYENF).
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