Commodity Earnings This Week: Oil, Potash, Gold, and More
As we enter the final stretch of earnings season, investors are beginning to make up their minds on where they think the economy is headed. We have seen a number of big wins as well as some big losses with a fair amount of companies warning of a subdued Q4 reflecting the impact of the U.S. government shutdown. Below, we outline some of the biggest commodity earnings set for this week [for more commodity news and analysis subscribe to our free newsletter].
How The Government Shutdown Could Disrupt Livestock And Agricultural Trading
Though taper talks have dominated the headlines in recent months, investors are once again turning their attention to Washington as Congress struggles to come to a bi-partisan budget agreement. On Tuesday, the U.S. federal government officially shut down after Democrats and Republicans failed to agree on a fiscal budget. And though the government has stressed that all “essential” operations would continue, investors are already feeling the impacts of the shutdown [for more commodity futures news and analysis subscribe to our free newsletter].
Warren Buffett’s Commodity Stock Picks
Warren Buffett–the Oracle of Omaha–is one of the world’s most renowned investors, heralded for his simple yet effective valuation methods. As such, followers of the legendary investor pay close attention to when Buffett places big bets, and they hope that by following his stock picks, they will cash in on Buffett’s guru-like instincts [for more commodity stock news and analysis subscribe to our free newsletter].
Soybeans Soar, Creating Trading Opportunity
The summer of 2013 has been notably cooler than the scorcher that 2012 brought, but August saw the heat turned up on the U.S., having a marked impact on a number of commodities. Soybeans, in particular, have seen their prices spike, as the hot and dry weather of the last few weeks has taken its toll. The run higher could throw a wrench in the commodity’s standard cycle, making it all the more difficult to trade [for more soybeans news and analysis subscribe to our free newsletter].
3 Commodity Stocks To Buy On The Dip: ADM, CVX, APD
Bullish euphoria seems to have evaporated over the past week as profit-taking pressures have once again swept over Wall Street in light of the potential Fed taper coming up in September’s FOMC meeting. With Treasury yield on the rise again, many are locking in profits on the equity front; however, a surprise decision from the Fed to hold off from tapering entirely this time around has the potential to ignite a furious rally that will catch most off guard [for more commodity futures news and analysis subscribe to our free newsletter].
Beware Of A Dead Cat Bounce In Fertilizer Stocks (MON, POT, MOS)
Stocks have recovered from the “taper” scare and the bulls are back in the driver’s seat, although sluggish growth in Japan coupled with worse-than-expected retail sales at home may bring out the bears before this trading week is over. Major equity indexes continue to grind sideways as investors remain hesitant to push strongly in either direction; looming seat changes on the board of the Federal Reserve coupled with Congress re-opening the budget debate in September have given some investors plenty of reasons to avoid jumping in long amid the ongoing euphoria [for more commodity futures news and analysis subscribe to our free newsletter].
Commodity Earnings Recap: ADM, MRO, DVN
With the second quarter earnings season winding down, there are only a handful of companies left to report their results. Last week, oil and gas giants Chesapeake Energy Corp (CHK) and ConocoPhillips (COP) managed to beat analyst expectations, even after both companies reported declines in earnings and revenues, respectively. Exxon Mobil (XOM), however, reported a 57% decline in earnings, though revenues managed to top estimates [for more commodity news and analysis subscribe to our free newsletter].
