I just think it's more of the same. I saw Cramer on TV a couple nights ago with his stupid callers. My god it's become CSPAN!
Jimbo got all hyped up and got his flock heavily invested once again and then the market has gone down.
June 1-
Barclays 'selectively optimistic' on agribusiness, starts Mosaic with sell 06/01 MOS, CTVA, NTR, CF, ICL Barclays analyst Benjamin Theurer initiated coverage of five fertilizer and other agriculture supply companies. He put Overweight ratings on Corteva (CTVA) and Nutrien (NTR), Equal Weight ratings on CF Industries (CF) and ICL (ICL), and an Underweight rating on Mosaic (MOS). Theurer sees lasting supply/demand tightness beyond 2023, which he says bodes well for the broader group despite recent outperformance against major indexes. Low supply and high demand for agricultural products has led to outsized profits for farmers, fertilizer companies, and ag processors, Theurer tells investors in a research note. He believes demand "remains strong across the board and current stocks-to-use ratios continue trending down." However, he's "selectively optimistic "on the group. For Mosaic, Theurer sees a relatively high input cost risk of still elevated ammonium cost, and believes the company will likely have to further step up investments to reach its operating targets for 2023. Overall, the analyst is constructive on the companies' potential to maintain a strong profit momentum.