Wednesday, January 7, 2009
monsanto beat earnings estimates with a 54% leap in profits for the first quarter. This tells me the agriculture and seed business are pulling strong and may prove to be resiliant in the economic downturn. The stock is up 12% today as it popped in pre hours trading. From here I expedt a few days of flat if not down action then lookout as this entire sector surge upward as the broader market rallies. Most of the quality Agg names are up as a result. Agrium, CF, Mosaic are all resisting the selling see across the board for Wednesday. RIMM Research in motion is performing well today, this company continues to inovate and bring out new products and who could disagree leading edge tech will bring good returns in 09.
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