Not many expected PotashCorp (NYSE: POT) stock to end 2016 in the green, but it gained almost 10% in the last quarter of the year, reviving investors’ hopes of a potential turnaround in the fertilizer giant’s fortunes. Unfortunately, investors were in for a rude shock when PotashCorp reported abysmal fourth-quarter and full-year numbers and weak… Read More »
At the moment, the Consumer Staples Sector may be the worst place to shop for a top Zacks Rank industry. Why? Overvaluation! Because the S&P500 Consumer Staples sector has a forward 12-month P/E ratio of 19.76, while the high profit margin, cash flow rich Info Tech sector has a 19.10. No sector is more richly… Read More »
Majedie Asset Management Ltd New Purchases: ESV , APC , BAH , ABC, USFD, CACI, OIS, Added Positions:ABX, VIP, MOS, DO, OII, CVX, JPM, TSM, ICE, BAP, Reduced Positions:T, CVS, CMCSA, AAPL, SU, MSFT, AMTD, HCA, LOPE, FCX, Sold Out:BRKS, FTR, AZO, MCK, HAL, FSLR, BLMN, MU, IAC, LMT, For the details of Majedie Asset… Read More »