1) Mosaic (NYSE:MOS): Shares are down 1.07% in late trading after the company reported fiscal Q3 earnings. EPS of $1.21 beat estimates by 14 cents. Revenue increased 28% from last year to $2.21 billion. The company produces and markets phosphate and potash for the agriculture industry. Top competitors Potash Corp./Saskatchewan (NYSE:POT) and Agrium Inc. (NYSE:AGU) are both up ~1.5% pre-market.
2) Family Dollar Stores (NYSE:FDO): The chain of retail discount stores that focus mainly on low to middle class incomes, reported fiscal Q2 earnings before Wednesday’s opening bell. EPS of 98 cents was good enough to beat estimates by 1 red cent. Revenue increased 8.3% to $2.26 billion. While shares of FDO were down, competitor Dollar General (NYSE:DG) saw its shares increase more than 3%. Dollar Tree (NASDAQ:DLTR) and Wal-Mart (NYSE:WMT) also closed up on Wednesday. Discount retailers have been hot lately as mergers and acquisitions heat up.
3) DryShips Inc (NASDAQ:DRYS): Shares are up 1% in late trading, as the company released Q4 earnings after the closing bell. Net income was $99.7 million (29 cents per share), compared to only $9.6 million (2 cents per share) last year in the same quarter. The company owns and operates drybulk carriers and drilling rigs around the world.
In addition to looking at individual stocks, you should also take a look at whether the Commodities Bull Market is Signaling A Pause?
Disclosure: No positions