Markets are in RED ......
No real buying catalyst today.....
There is an overhang of post stress test fatigue......
Gold UP $6
Oil Down 35 cents
Canadian $ Down 8 tick against US$......
Portfolio is CTX,EGLE,MPEL,OTEX,PMCS,PALM......
@ 12.42 following are green :
TSL,KGC,POT,MON,TKC,ICE,JRCC,ABX,GG,IBN,
SDS,DXD,QID.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Monsanto is the story today:
MON 90.20, +0.12, +0.13%
1501251007550
09JSA
Farming and agriculture production is another global trend that Walter is optimistic about, and Monsanto Co. (MON 90.20, +0.12, +0.13%) is a favorite in that area. The purveyor of agricultural seeds and chemicals saw its growth stunted by the abrupt end of the commodities boom, but Walter sees a business that is only temporarily impaired.
"Food consumption may be down 2%-3%, yet these stocks have been completely destroyed," Walter said. Even with the downturn, Monsanto continues to develop products that improve crop yield and production, and mitigate the impact of disease and drought.
"It's a stable company, and the stock is down quite a bit," he said. Shares that were trading up to 20 times EBITDA (earnings before interest, taxes depreciation and amortization) are now priced around 11 times that figure.
In trading Wednesday, shares of Monsanto closed at $86.04, down 3.4%.
Hi Madmax,
MON was UP $4.12 closed $90.08....today is Tuesday!!!
Saleem
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