Markets are flat again today. We could talk about stocks to buy that are working, but most are too extended. Look no further than the stocks in “Our Portfolio” if you are just dying to buy stocks. We are waiting for market conviction before we make our next move. NOG, MOS, and BWLD are performing well today as a constellation prize to this dreadfully boring market. This market is putting us to sleep, however, each day that we go sideways like this, it just coils the spring tighter for stocks. Markets are on the verge of something big here. See “Stocks on the Cusp” article for full analysis. Updates to follow.
Update: We got and Upgrade- 3 actually on MOS
MARKET TALK: Barclays Likes Fertilizer Despite Recent Surge
Fertilizer shares are higher as Barclays initiates coverage of the sector, saying despite recent sharp stock gains in the space, “we still see very attractive upside in certain stocks. Our top pick, CF, appears particularly well-positioned for the year ahead.” It puts CF, Agrium (AGU), Potash (POT) and Mosaic (MOS) at overweight while CVR Partners (UAN) and Intrepid Potash (IPI) are started at equal weight. “Crops’ demand for nitrogen is relentless, even in a highly uncertain world,” says Barclays, noting CF is the biggest in that segment. It adds, “The supply outlook for nitrogen is better than many investors believe, with new global capacity likely held in near-balance for years.” AGU and POT are up at least 1%; the rest have more-modest gains for the day. (firstname.lastname@example.org)