Highlights of Stocks discussed on CNBC’s Fast Money Half Time Report TV Program, Monday July 11.
Agricultural Sector Highlights:
Monsanto Company (NYSE:MON) – Melissa Lee posed the question to Zach Carebel,
“Alright let’s talk Monsanto right now, hatching a deal to use their technology to help China, get through droughts and jump-start it’s crop production, this could be a Joint Venture (JV) potentially with Sinochem Zeke do you like MON here based on this JV?”
“Yeah, I like MON period, and have been liking it’s been riding it up here now … MON could be 50% higher a few years from now, maybe more than that.”
Mosaic (NYSE:MOS) - Melissa Lee pointed out to Pete Najarian,
“At the same time Pete you do like, sort of, like the pure play “ag”, fertilizer names?”
“I do. I’m still holding on to Mosaic right now, and the reason being it’s still holding well above those levels where they actually put out that secondary, around 65 dollars it’s still around 67.”
Guy Adami adds,
“You know MON, people are knocking on valuation, but this is effectively a bio tech stock … I mean, you can make an argument that the valuation isn’t rich enough. This was a $140 dollar stock back in 2008; it’s gotten knocked basically in half through 76 which I think is a 52 week high … I think this stock has some room to run.”
Pops & Drops Highlights:
News Corp (NASDAQ:NWSA) - Drop – 7% - Melissa Lee says,
“Let’s do Pops and Drops, “the Dropathon Edition” … the movers you might have missed in today’s session … got a drop here for News Corp it was down 7% ... Kelly?”
Brian Kelly stated,
“Yeah, the BSkyB (British Sky Broadcasting Group PLC) merger perhaps off now and the News of the World issues, if you don’t know this company that well, it’s not a name to jump into right now.”
Renren Inc. (NYSE:RENN) – Drop – 9% - Pete Najarian says,
“You know, since this IPO this stock has been going lower and obviously social media in China those names obviously last month, month of June, absolutely terrible, I see no reason to jump in into this name and try to catch this falling knife.”
Ford (NYSE:F) - Down - 4% - Guy Adami stated,
“Talked about it earlier, Zach said he would not own any of these autos, I think Ford if it gets down around $12.75… $13 level gets very interesting.”
Pfizer(NYSE:PFE) – Drop – 1% - Karen Finerman said,
“I think it wasn't even down 1%, that’s an embarrassing drop … that’s not even a drop, seven tenths? It was down … markets down for stocks … it’s a stock … its down.”
Company Reviews and Key Statistics
Below is a brief review of each company, a summary of current analysts' estimates and up/downgrade activity followed by a chart of the company's key statistics.
Monsanto Company, together with its subsidiaries, provides agricultural products for farmers in the United States and internationally. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The company is trading significantly below analysts' estimates. MON has a median price target of $21 by 5 brokers and a high target of $22. The last up/downgrade activity was on Dec 15, 2010, when Barclays Capital upgraded the company from Equal Weight to Overweight.
The Mosaic Company engages in the production and marketing of concentrated phosphate and potash crop nutrients for the agriculture industry worldwide. The company is trading significantly below analysts' estimates. MOS has a median price target of $21 by 5 brokers and a high target of $22. The last up/downgrade activity was on Dec 15, 2010, when Barclays Capital upgraded the company from Equal Weight to Overweight.
News Corporation operates as a diversified media company worldwide. The company is trading on par with analysts' estimates. NWSA has a median price target of $21 by 18 brokers and a high target of $26. The last up/downgrade activity was on Aug 2, 2010, when Collins Stewart initiated coverage on the company with a Buy rating.
Renren Inc. operates a social networking Internet platform in China. Its platform enables users to connect and communicate with each other; share information and user-generated content; play online games; listen to music; and shop for deals. The company is trading significantly below analysts' estimates. RENN has a median price target of $9.10 by 6 brokers and a high target of $12. No up/downgrade activity has been recorded.
Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The company is trading significantly below analysts' estimates. F has a median price target of $19 by 13 brokers and a high target of $22. The last up/downgrade activity was on Oct 14, 2010, when Deutsche Bank upgraded the company from Hold to Buy.
Pfizer, a biopharmaceutical company, offers prescription medicines for humans and animals worldwide. The company is trading below analysts' estimates. PFE has a median price target of $23.50 by 16 brokers and a high target of $30. The last up/downgrade activity was on Mar. 14, when Standpoint Research downgraded the company from Buy to Hold.
Disclosure: I am long F.