With 50% of the vote, DollarBuilder names Ron Paul as winner of the 2008 Presidential Poll! We realize that an advertising affiliate, SodaHead, has comments with very different opinions about Ron Paul. However, those are not necessarily the positions of the affiliate itself, as any registered user can post on their site.
We will now shift our focus to the Democratic race. Senators Barack Obama and Hillary Clinton scored in a statistical dead heat when placed against all other candidates. In our next poll, we will have the two Senators facing off in a one on one battle.
Market Watch:
Today the stock market has been trading mixed. There are a number of big name mergers on the table, guiding the market upwards. However, credit worries hit another financial, American International Group (AIG), creating tension in the market.
Our analysis shows that more money is leaving the financial sector today and heading towards agriculture. Potash Corporation of Saskatchewan (POT), Syngenta (SYT) and Monsanto (MON) are up nearly 4% on the day.
There is also strength in the semiconductor and solar sector. Suntech Power Holdings (STP) is up nearly 9% on the day, while First Solar (FSLR) is up almost 7%. DollarBuilder believes that the agricultural sector will continue to outperform the market in the short term.
Dollar Bill did not own any shares or short positions in any of the stocks he's mentioned at the time of publication.
Monday, February 11, 2008
Saturday, February 9, 2008
Politics and the Economy
Today, DollarBuilder will begin polling on politics and the economy. We will conduct a series of polls concerning the presidential candidates and the economy. First up it's donkeys and dollars vs. elephants and the economy.
The race for the Democratic nomination is heating up, with Senators Barack Obama and Hillary Clinton neck and neck in delegate counts and the national polls. On the Republican side, Senator John McCain is leading in delegate counts and Governor Mike Huckabee and Representative Ron Paul are still contending.
The question for today is: Which presidential candidate would be best for our economy? Why?
Feel free to sound off in the comments section and to vote in DollarBuilder's presidential poll to the right and down below! The two candidates receiving the most votes in this poll will compete in a runoff next week, where the winner will be selected by you.
The race for the Democratic nomination is heating up, with Senators Barack Obama and Hillary Clinton neck and neck in delegate counts and the national polls. On the Republican side, Senator John McCain is leading in delegate counts and Governor Mike Huckabee and Representative Ron Paul are still contending.
The question for today is: Which presidential candidate would be best for our economy? Why?
Feel free to sound off in the comments section and to vote in DollarBuilder's presidential poll to the right and down below! The two candidates receiving the most votes in this poll will compete in a runoff next week, where the winner will be selected by you.
Friday, February 8, 2008
In Focus: Potash Corporation of Saskatchewan Inc. (POT)
Today begins the In Focus series where we take a closer look at selected stocks. The first stock we're profiling is Potash Corporation of Saskatchewan Inc. (POT). Feel free to request a stock to be profiled on our site.
The Basics
Based in Saskatchewan, Canada, Potash Corporation of Saskatchewan Inc. (POT) describes itself as an "integrated fertilizer and related industrial and feed products company." Currently, POT accounts for 15% of global potash production. The company produces its potash from 7 mines, six of which are located in Saskatchewan, and one is located in New Brunswick. Potash is used primarily as a fertilizer in agricultural production to resolve a potassium nutrient deficiency, but it is also used in soap and glass manufacturing.
Financials
As of February 8, 2008, POT is trading at a P/E ratio of 40.2. With a market capitalization of 43.6 billion dollars, it is second only to Monsanto (MON) in the agricultural products sector. The company posts quarterly dividends with a present annual yield of 0.26%. During the 4th quarter of 2007, the company earned 1.16 per share, more than doubling earnings from the previous year and beating expectations.
The Basics
Based in Saskatchewan, Canada, Potash Corporation of Saskatchewan Inc. (POT) describes itself as an "integrated fertilizer and related industrial and feed products company." Currently, POT accounts for 15% of global potash production. The company produces its potash from 7 mines, six of which are located in Saskatchewan, and one is located in New Brunswick. Potash is used primarily as a fertilizer in agricultural production to resolve a potassium nutrient deficiency, but it is also used in soap and glass manufacturing.
Financials
As of February 8, 2008, POT is trading at a P/E ratio of 40.2. With a market capitalization of 43.6 billion dollars, it is second only to Monsanto (MON) in the agricultural products sector. The company posts quarterly dividends with a present annual yield of 0.26%. During the 4th quarter of 2007, the company earned 1.16 per share, more than doubling earnings from the previous year and beating expectations.
Our Verdict
We currently rate Potash Corporation of Saskatchewan (POT) as a buy. The agricultural sector is positioned to have a strong showing against the volatile market of the next few months. Demand for fertilizer should remain strong regardless of economic conditions. POT also holds 22% of the global potash capacity and 55% of the excess global potash capacity. Essentially, they hold 75% of the world's potash reserves. As long as farmers need potassium supplements, POT is positioned to grow. Potash Corporation of Saskatchewan (POT) has exceeded earnings predictions 5 of the past 8 quarters. Major firms have upgraded the company in the last month, including Morgan Stanley and Citigroup.
We declined to rate POT as a strong buy for a few reasons. POT's P/E ratio is a bit higher than other similar companies in the sector. We believe that POT is currently overvalued versus the market. Waiting for a low somewhere below the 50 day moving average for this stock would be worthwhile.
In Play: Ultrashort Dow30 ProShares (DXD), the only stock I've recommended, is up over 11% since last Friday. The Dow itself is down almost 600 points. The time for profit taking is soon approaching, though.
Dollar Bill did not own any shares or short positions in any of the stocks he's mentioned at the time of publication.
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