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Deej's Top Pick Updates: Sygenta, Chicago Bridge & Iron, and Philip Morris International



April 03, 2008 – Comments (2) | RELATED TICKERS: SYT , CBI , MO

This morning I have a bunch of quick updates on the stocks that I have done write-ups on.

Swiss agribusiness company Syngenta (SYT) announced after yesterday's market close that its first quarter sales, adjusting to eliminate currency fluctuation, rose 20%.  While it does not expect to maintain this robust pace over the course of the entire year, it stated that it expects its 2008 EPS growth to top 20%.  This 20% EPS growth is a lot better than the 14.8% that analysts were looking for.  Hopefully we'll see a nice pop in the company's shares today.  This is just the sort of solid growth that I was looking for when I added SYT to my personal Ag ETF.

Deej's semi-reasonably priced agricultural ETF (EATME) 


Chicago Bridge & Iron's stock had a big day yesterday, but 5%+ moves hardly make me blink an eye lately so I didn't look into the reason for it and I almost missed that it was upgraded by an analyst until someone pointed it out to me. BMO Capital Markets analyst Avram Fisher raised CBI to "Outperform."  It's nice to see another analyst jump aboard. The story here just makes way too much sense. Oil and gas companies are making sooooo much money with $100 oil and nearly $10 nat gas that they are going to spend it on new projects, which is Chicago Bridge & Iron's main business.

Chicago Brige & Iron Upgrade

It's not a bridge builder from Chicago, but it is an excellent investment opportunity


One of the few analysts that I actually pay some attention to research from is Goldman Sachs.  Yesterday they initiated coverage on Philip Morris International (PM), the recently spun-off international arm of Altria (MO).  Goldman added PM to its "Americas Buy List" with a 12-month price target of $60 (it closed yesterday at $51 and change).  In its write-up on the company, Goldman stated that it believes Philip Morris International will achieve solid top line growth and margin improvement through cost cutting. 

PMI / Altria: Poised to Smoke the Market


Long SYT, CBI, PM, & MO

2 Comments – Post Your Own

#1) On April 03, 2008 at 7:11 AM, Capsperson wrote:

Great minds think alike !  I was looking at SYT this morning too !  I've always liked MON but I think its a bit pricey here and will watch to see if it retreats at all.

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#2) On April 03, 2008 at 2:23 PM, TMFDeej (97.71) wrote:

Ha.  I'm glad that we're on the same page, Capsperson.  I love the ag plays, but I'm trying to stay away from the most overpriced companies like MON, MOS, & POT.  A rising tide lifts all ships, so I'm trying to pick up shares in the more reasonably priced #2 and #3 companies in certain areas like DOW and SYT.  I'm sniffing around in the fertilizer plays right now, PU :).


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