Orlando, FL -- (SBWIRE) -- 09/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Mosaic Co (NYSE:MOS), Marathon Oil Corporation(NYSE:MRO).
Mosaic Co (NYSE:MOS) stock dropped 0.81% to $44.36. The compaany on Sept. 16 lowered its sales, volume and margin guidance for its potash and phosphates segments in the calendar third quarter amid short-term weakness in markets. For the potash segment, the company now expects total sales volumes of 1.45 million to 1.65 million tonnes, compared with the July guidance of 1.8 million to 2.1 million tonnes, reflecting lower near-term volume.
The company also trimmed its price expectation down $20 on the top end to $330 to $340 per tonne, net of transportation and other distribution costs. Mosaic expects its potash gross margin to be in the low to mid-30% range, adjusted down from the mid- to high 30% range.
Additionally, At a pre-game ceremony on Sept. 23, The Mosaic Company presented $90,000 to Feeding America Tampa Bay (FATB) as an outgrowth of its Home Runs for Food partnership with the Rays. Under the program, which launched in 2010, Mosaic pledges $500 to the food relief agency for every home run hit by a Rays player during their regular season and spring training games.
Are investors worried about the recent updates with MOS? Find out with a free trend analysis HERE
Marathon Oil Corporation(NYSE:MRO) shares gained 0.06% to $35.57. The company on Sept. 10 said it plans to sell its stake in an oil and gas field offshore Angola for about $590 million as part of an asset disposal program aimed at shoring up its balance sheet and funding exploration and development projects. The company also said it would acquire about 4,800 net acres in the Eagle Ford shale field in Texas for $97 million.
Marathon Oil said it reached an agreement in principle to sell its 10 percent stake in Block 32 offshore Angola to state-run oil firm Sonangol EP.
Moreover, the company on August 27 said it named former El Paso Corp. executive John R. Sult as the energy company's new chief financial officer, replacing Janet F. Clark, who plans to retire. Mr. Sult, 54 years old, was a member of El Paso's executive management team from 2005 until the company was acquired by Kinder Morgan Inc. in 2012. While with El Paso, he was financial chief from 2009 to 2012. Prior to that, he worked as controller from 2005 until 2009.
Is MRO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)