Mosaic Company Leads S&P 500 Winners Higher

The S&P 500 (NYSEARCA:SPY) is down today by 0.01% and stands at 1,216. Here are three better performing stocks.

CF Industries Holdings (NYSE:CF): The fertilizer industry is bouncing today after a difficult day yesterday. The decline in corn price makes it less likely that farmers will use fertilizers. These two variables are correlated, but not exactly in tandem. CF shares recently traded at $154.80, up $6.61, or 4.46%. They have traded in a 52-week range of $114.20 to $192.70. Volume today was 3,140,813 shares versus a 3-month average volume of 2,452,590 shares. The company’s trailing P/E is 8.51, while trailing earnings are $18.18 per share.

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Western Digital Corporation (NYSE:WDC): Lots going on for this stock throughout the week. Western Digital (NYSE:WDC) was up big when the EU approved its bid to buy out Hitachi’s hard disk drive business. It also came up with a supply agreement with TDK for hard disk drive components as a way of mitigating the damage from the floods in Thailand. On the downside, a disappointing report from NetApp has affected data storage companies across the board. WDC shares recently traded at $26.23, up $0.97, or 3.84%. They have traded in a 52-week range of $22.64 to $41.87. Volume today was 3,796,637 shares versus a 3-month average volume of 5,207,390 shares. The company’s trailing P/E is 8.04, while trailing earnings are $3.26 per share.

The Mosaic Company (NYSE:MOS): Another fertilizer bouncing back. Lazard has come out saying that the drop in price has been sufficient to create bargains, as there are expected increases in the prices of nitrogen and potash at the same time. MOS shares recently traded at $53.44, up $2.68, or 5.28%. They have traded in a 52-week range of $44.86 to $89.24. Volume today was 6,252,533 shares versus a 3-month average volume of 7,489,410 shares. The company’s trailing P/E is 8.73, while trailing earnings are $6.12 per share.

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