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Cisco's Fiscal 1Q18 Earnings Beat Analyst Estimates

The US-based (SPY) tech (QQQ) heavyweight Cisco (CSCO) announced its fiscal 1Q18 results on November 15 and reported revenue of $12.1 billion.

WMT-stock-1
Walmart Stock Soared 10.9% on Stellar 3Q Results

Walmart (WMT) stock rose 10.9% to $99.62 after the company reported better-than-expected fiscal 3Q18 results on Thursday, November 16, 2017. Several analysts raised their price targets on the stock.

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Home Depot Raised 2017 Guidance after Strong 3Q17 Earnings

Home Depot (HD) posted adjusted EPS of $1.87 on revenues of $25.0 billion. Compared to 3Q16, the company’s EPS rose 16.9%, while revenues rose 8.1%.

ASian
Pre-Market Report: Global Markets Are Mixed on November 17

On November 17, the Shanghai Composite Index fell 0.48% and closed the day at 3,382.91. The SPDR S&P China (GXC) rose 1.8% on November 16.

RECENT Basic Materials RESEARCH

US Phosphate Inventory
US phosphate inventory hitting previous highs

Inventory analysis can often lead to a better understanding of supply and demand dynamics. When inventory rises, it often points to excess supply. On the other hand, falling inventory levels…

Corn Price
Corn price hits record in 2012, favorable for fertilizers

Corn prices often drive fertilizer prices. Among the three major crops, corn, soybean and wheat, corn requires more nitrogen based fertilizers. Thus, when crop prices rise, fertilizer firms like CF…

US Dollar and Corn Price
US dollar moving corn and fertilizer prices

Commodities are often traded with the US dollar. For that reason, the directional movement of the US dollar often results in the opposite direction for agriculture crops like corn. When…

NA Potash Inventory
High potash inventory level signal potential Potash bottom

Inventory figures often provide insights into supply and demand dynamics. When inventory levels rise, it often points to a reduction in demand more so than an increase in supply. On…

USDA Farm Net Cash Income
Record farm net cash income positive for fertilizer firms

Farmers’ ability to generate cash is important to fertilizer producers. Although a lagging indicator of financial performance, farmers’ income for a specific calendar year is an indicator of how much…

Fertilizer Price to Corn Price
Fertilizer prices are relatively cheap to corn

Fertilizer prices are important metrics for fertilizer firms’ revenues. However, the price of fertilizer is also important for producers from a farmer’s perspective. When the price of fertilizer relative to…

Global Corn Stock to Use Ratio
Record low corn inventory of 12.04% benefits fertilizers

Countries keep crop inventories to ensure stability in food prices in the event of an unpredictable natural disaster. Therefore, the global stock to use ratio is a leading indicator for near term fertilizer…

Ammonia Margins by Region
Lower US natural gas prices boost domestic profits

Fertilizer manufacturers often compete on costs. As such, it is helpful for analysts and investors to seek out regions where natural gas, a main component of nitrogen-based fertilizers, prices are…

Ammonia Prices and Brent Oil
Brent crude oil moves nitrogenous fertilizer prices

Brent crude oil price is a leading indicator for nitrogenous fertilizer firms’ revenues. When the price of Brent oil rises, it is generally followed by a rise in ammonia prices…

Arabica Coffee Price Seasonality
Tighter supply may lift coffee prices in early 2013

For commodities that have relatively stable demand, supply factors become more important to observe. This is relevant to securities such as the iPath Dow Jones Coffee ETN (JO), which tracks…

NA Natural gas and profit
Natural gas price affects fertilizer profits

Fertilizer companies are exposed very heavily to natural gas prices. The natural resource can take up more than 65% of nitrogenous fertilizers’ manufacturing costs. Thus, a decrease in natural gas prices…

Valuations
Why do price-to-earnings ratios differ among agriculture stocks?

In the agriculture industry, public companies’ valuation multiples depend primarily on two factors: growth and risk. The following table shows the forward valuation multiples of five agriculture companies: Monsanto (MON),…

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