Wednesday, October 3, 2012

Stocks In News: JetBlue Airways (JBLU), Mosaic (NYSE:MOS), Potash Corp (NYSE:POT)

With the presidential election for the year 2012 hitting next month, JetBlue Airways Corporation(NASDAQ:JBLU) is offering the Americans to take a break and leave the country or return back if their chosen candidate does not win.

Customers visiting jetblue.com/electionprotection can select their choice for President and enter for a chance to a win a free ticket to one of the airline's 21 international destinations if the election doesn't go their way. The election battle is between President Barack Obama and Republican nominee Mitt Romney.

Will JBLU Continue To Move High? Find Out Here

JetBlue will give away 1,006 roundtrip certificates, which is 2012 seats, to participants whose candidate lost.
The destinations includes Aruba, Bahamas, Barbados, Bermuda, Cayman Islands, Colombia, Costa Rica, Dominican Republic, Jamaica, Mexico, St. Maarten, St. Lucia and Turks & Caicos.

No taxes, fees or a hotel would be included in the free flight.

Shares of JBLU jumped 2.51% to $5.11.

Lazard Capital Markets analyst Edlain Rodriguez downgraded both Mosaic Co(NYSE:MOS) and Potash Corp./Saskatchewan (USA)(NYSE:POT) to Neutral.

The fall in Mosaic, on Tuesday, was because of a weaker-than-expected earnings report.
He even warned the investors not to buy the stocks seeking it to be a good opportunity to buy at lower prices.

33 percent above their five year average inventories have been piled up by Potash producers says Rodriguez.

Hard bargains are likely to appear from China and India while buying the nutrient.

“Despite strong crop fundamentals which will support fertilizer demand, we expect potash prices to drift lower. While contract timing is uncertain, prices in China could go down $15-$20/mt from the current $470/mt in order to get a contract done. India, which is already threatening to sit out the remainder of the year, won’t likely come to the table unless prices are at least on par with China (India’s last contract was $490-$530/mt). Despite strong demand in Brazil, prices have drifted down $20-$25/mt to $490-$500/mt; and the June $20/st price cut in the U.S. to entice summer fill is still in place.”

Potash shares were down 1.76 percent to $41.88, while MOS fell 1.65%.

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