Investing US Agriculture - Mosaic Company
Rising demand in U.S. crops due to drought in Russia is helping agriculture related industry such as farm equipment maker. Another industry that also benefits from booming demand in US agriculture is the fertilizer maker such as the US based Mosaic Company (NYSE:MOS).
Since reaching 52 weeks low of $37.68 in late June early July, shares of MOS have gained more than 70% in just six months to $71 per share, a pretty amazing ride for a company with market cap of $31.68 billion. The technical chart shows bullish trend as both 50 day and 200 day moving average are going up and KD lines are going up as well. Revenue also shows positive sign with continue quarter revenue increase while net income almost tripled compare to the same quarter of last year. The increasing demand in US crop should continue to help the company to report strong quarterly result.
Since reaching 52 weeks low of $37.68 in late June early July, shares of MOS have gained more than 70% in just six months to $71 per share, a pretty amazing ride for a company with market cap of $31.68 billion. The technical chart shows bullish trend as both 50 day and 200 day moving average are going up and KD lines are going up as well. Revenue also shows positive sign with continue quarter revenue increase while net income almost tripled compare to the same quarter of last year. The increasing demand in US crop should continue to help the company to report strong quarterly result.
posted by Stock Geek at
8:39 PM
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