Investors in the fertilizer industry have something serious to think about. One of the leading nutrient producers, Agrium (NYSE: AGU ) , is hanging up on two expansion projects -- It has suspended development work on a greenfield project in the U.S. Midwest area, while dropping plans�to expand an existing plant in Alberta.
They weren't just any plans. The projects would have added more than 30% to Agrium's annual nitrogen production capacity, which currently stands at 5.5 million tonnes. Nitrogen is Agrium's primary product and, as the most widely applied nutrient, has tremendous growth potential, particularly in the U.S. More than 50% of the nitrogen consumed in the U.S. last year was comprised of offshore imports. According to Agrium's recent investor presentation, 12 to 14 new nitrogen plants will be needed if the U.S. were to become self-sufficient. So why did Agrium back off its plans despite the opportunities? The answers might surprise you.
Best Growth Stocks To Invest In Right Now: Ford Motor Credit Company(F)
Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-sale vehicle services and products in the areas, such as maintenance and light repair, heavy repair, collision repair, vehicle accessories, and extended service contracts under the Ford Service, Lincoln Service, Ford Custom Accessories, Ford Extended Service Plan, and Motorcraft brand names. The Financial Services sector offers vari ous automotive financing products to and through automotive dealers. It offers retail financing, which includes retail installment contracts for new and used vehicles; direct financing leases; wholesale financing products that comprise loans to dealers to finance the purchase of vehicle inventory; loans to dealers to finance working capital, purchase real estate dealership, and/or make improvements to dealership facilities; and other financing products, as well as provides insurance services. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan.
Advisors' Opinion:- [By Louis Navellier]
Ford continues to gobble up market share from GM and Chrysler. And now, Ford is giving Toyota(TM) a run for its money in the wake of some very costly recall announcements for the Japanese auto giant.
In early February, Ford announced that its January sales jumped 25%. Car sales made up the bulk of the gains, rising 43% over last year, while sales of trucks and SUVs rose 15%.
Some of this growth is due to a dismal January a year ago, when sales dipped to a 26-year low due to the financial crisis, but this growth is far beyond what Wall Street was expecting. In the wake of Toyota's recall fiasco, I expect February numbers to be equally impressive. That makes Ford a knockout buy for March.
I recommend you buy Ford stock as long as it trades for less than $15 a share.
- [By James K. Glassman]
52-Week High: $13.05
52-Week Low: $8.82
Annual Revenue: $135.6 billion
Projected 2013 Earnings Growth: 9.0%
Two years ago, I started a new tradition: picking a stock myself. In both years, it was iShares MSCI Brazil Index, an exchange-traded fund that tracks the Brazilian stock market. It bombed twice, and I am not going to that well again. I’m picking Ford Motor (symbol: F), whose heroic CEO, Alan Mulally, turned down bailout money and guided the business through tough times to 13 straight quarters of pretax profitability, including surprisingly strong earnings of $1.6 billion in the third quarter of 2012. Ford still has room to grow. Despite the firm's achievements, the stock has dropped 40% since early 2011, and the P/E is 8. The P/E is low because investors apparently don't believe that Ford can sustain those high profits. I think they're wrong and believe that Ford deserves a higher valuation.
Best Growth Stocks To Invest In Right Now: Silicon Image Inc.(SIMG)
Silicon Image, Inc. provides wireless and wired high-definition (HD) connectivity solutions that enable the distribution and presentation of HD content for consumer electronics, mobile, and personal computer (PC) markets. It delivers its technology via semiconductor and intellectual property products. The company?s consumer electronics products include high-definition multimedia interface (HDMI) port processors, HDMI and mobile high-definition link (MHL) transmitters, MHL-to-HDMI bridges, and HDMI receiver products; PC products comprise MHL/HDMI-to-HDMI bridges and digital visual interface receivers; and storage products consist of a line of serial advanced technology attachment controllers used in PC, DVR, and network attached storage applications. Its products are deployed by the electronics manufacturers in various devices, such as desktop and notebook PCs, DTVs, Blu-ray disc players, and audio-video receivers, as well as mobile phones, tablets, and digital cameras. The company, through its subsidiaries, provides manufacturers comprehensive standards interoperability and compliance testing services; and acts as an agent for promoting and administering HDMI and MHL specifications, and for licensing the serial port memory technology memory interface specification. It sells its products to original product manufacturers worldwide through direct sales force, as well as through a network of distributors and manufacturer?s representatives. The company has operations in the United States, Taiwan, Japan, China, and Korea, as well as Europe and internationally. Silicon Image, Inc. was founded in 1995 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Eddie Klein]
Silicon Image (NASDAQ: SIMG) $6.75 +24% reported second quarter non-GAAP net income of $0.05 per share after the close Tuesday, compared to $0.03 per share in the previous year. The consensus estimate was for EPS of $0.03.
Silicon Image gapped open higher Wednesday and has continued to climb on above average volume. Shares are now up 1.47 at $6.92 and have risen to a 3-week high. The stock has re-crossed its 50-day moving average and is now challenging some resistance.
Best Stocks To Watch For 2014: Odyssey Resources Limited(ODX.V)
Odyssey Resources Limited, a junior exploration company, engages in the acquisition, exploration, and development of mineral resource properties, primarily precious metals properties. The company was incorporated in 1994 and is based in Longueuil, Canada.
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