The Basic Industries Sector Has Not Maintained QE Hype
Dow Chemical (DOW) ($28.71 versus $28.84 on July 31): This diversified chemicals stock continues to have a buy rating according to ValuEngine with a reasonable P/E ratio. DOW is below its 200-day simple moving average at $31.79.
The stock set its 2012 high at $36.08 on April 25 with its 2012 low at $28.45 on Sept. 5. The weekly chart profile is negative with the 200-week SMA at $27.55. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.
Freeport McMoRan (FCX) ($39.41 vs. $33.99 on July 31): This nonferrous mining stock continues to have a buy rating according to ValuEngine with a reasonable P/E ratio.
FCX is above its 200-day SMA at $37.67. The stock set is 2012 high at $48.96 on Jan. 26 and 2012 low at $31.08 on July 25. The weekly chart is neutral with the 200-week SMA at $37.97. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.
Monsanto (MON) ($88.59 vs. $86.90 on July 31): This agriculture products company continues to have a buy rating according to ValuEngine with an elevated P/E ratio and is well above its 200-day SMA at $80.59. MON set its 2012 high at $91.95 on September 21 after setting its 2012 low at $69.70 on May 18. The weekly chart is overbought and shifts to neutral this week given a close on Friday below its five-week modified moving average at $88.20. The 200-week SMA is $72.78. Investors and traders should employ a "buy and trade" strategy between the value level and risky level. Monsanto released its fourth quarter earnings pre-market on Wednesday, and reported an EPS loss of 44 cents in-line with estimates. Revenue fell 6.1% to $2.11 billion well below the consensus of $4 billion. Shares fell 2.6% in Wednesday's trading. The Mosaic Co (MOS) ($54.89 vs. $58.35 on July 31): This fertilizer stock continues to have a Buy rating according to ValuEngine with a reasonable P/E ratio and tested its 200-day SMA at $54.54 on Wednesday. MOS set its 2012 high at $61.98 on September 7 after setting its 2012 low at $44.43 on June 4. The weekly chart is negative with the 200-week SMA at $56.78. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
