Commodities

Arun Jayaram of JPMorgan initiated coverage of eight Appalachian-focused E&P companies with a "cautious outlook." Jayaram noted consensus estimates on the group are too high, despite the group enjoying a "competitive resource advantage." Nevertheless, the analyst named EQT Corporation (NYSE:...

Jerry Revich of Goldman Sachs maintained a cautious view on the Machinery and Engineering & Construction sector. Revich sees further "significant" downside in key global commodities and cuts to capex reinvestment rates as hurting the sector. The analyst downgraded shares of...

Evan Kurtz of Morgan Stanley argued in a note that United States coal prices "could remain weak" for a few more years. Kurtz downgraded shares of Peabody Energy Corporation (NYSE: BTU) and Cloud Peak Energy Inc. (NYSE: CLD) to Equal-weight from Overweight. Kurtz noted both...

Shares of Potash Corporation of Saskatchewan (USA) (NYSE: POT) have lost nearly 45 percent year-to-date and hit a new 52-week low of $19.48 on Friday. Christopher Parkinson of Credit Suisse maintained an Underperform rating on the stock with a price target lowered to $29 from a previous $32....

Hunter Hillcoat of Investec is expecting the commodity market to remain "subdued" for "several years to come" with a "modest" recovery not expected until at least 2018. Hillcoat added that many mining companies "gorged themselves" with "cheap debt" to finance activities in the period of 2010 and...

Days of Awe Yesterday was the evening of Yom Kippur, a time for atonement when each person's fate for the coming year is inscribed into the Book of Life. As such, with the impending verdict sealed, one is meant to amend his or her behavior and seek forgiveness for wrong doings. Can the market amend...

In a report published Tuesday, Stephens analyst Will Slabaugh stated that August was a mixed month for major food-related commodities, with "many" prices showing "little movement," while other food prices saw "meaningful" inflation. Beef Prices Choice beef prices rose 2.5 percent in August, but...

With "Black Monday" still fresh in investors' minds, Ioannis Angelakis, Bank of America's European Credit Derivatives Strategist, commented in a note that record outflows have been seen during the last week in the majority of asset classes. Here are the analyst's findings: High-Yield Credit High-...

A new report by Goldman Sachs analyst Matthew Ross discusses how weak earnings numbers from several Australian companies have influenced Goldman’s view of the commodities environment. Ross believes the latest news indicates commodity weakness may be having a bigger impact than the firm...