Fertilizer stocks remain a cult on Wall Street as a way to get exposure to the theoretically unlimited upside potential of the agricultural business. After all, everyone needs to eat, and we trade what we know, right?
One of the most respected equity strategists on Wall Street is laying out exactly which U.S. stocks are exposed to euro risk — and which can actually prosper if the European process fails to rescue the shared currency.
The commodity markets are interpreting last week’s corn harvest estimates as a negative for both food prices and the fertilizer group. Do not be misled.
Russia’s biggest potash producer has allocated up to $2.5 billion to buy back its own shares, both to reward shareholders and because they find the company’s stock “highly attractive.”