Gill, Dalton, Walsh (212) 829-5483
Trader Commentary
Yesterday was an uneventful day of trading w/ very little news. The fertilizers managed to hold up pretty well on the back of the next M&A play after POT’s rejection of BHP’s bid. This am press is speculating about a Rio Tinto bid.
Also look for early weakness in the building material stocks this morning on the back of CRH plc’s lower earnings forecast. The company cited their concern about US outlook. Bank of America cut their recommendation on LG FP this am also. Existing home sales numbers expected at 10:00am. CE is going to consolidate its global acetate manufacturing capabilities. Last night ALB increased their prices of Saytex brominated flame retardants. Also this am HUN announces a global price increase for all of its Titanium Dioxide pigments.
Disclaimer: Prepared by staff of Cantor Fitzgerald & Co. ("Cantor") and is for information purposes only. It is not intended to form the basis of any investment decision, should not be considered a recommendation by Cantor or any other person and does not constitute an offer or solicitation with respect to the purchase or sale of any investment nor is it a confirmation of terms. Any calculations and valuations presented herein are intended as a basis for discussion. Sources of information are believed to be reliable but Cantor makes no representation and gives no warranty that the information contained herein is accurate or complete. Any opinions or estimates given may change. Cantor undertakes no obligation to provide recipients with any additional information or any update to or correction of the information contained herein. This material is intended solely for institutional investors and investors who Cantor reasonably believes are institutional investors. Cantor, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in the information contained herein or any reliance on that information. Cantor may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different or adverse to your interests. No liability is accepted by Cantor for any loss that may arise from any use of the information contained herein or derived here from. This product may not be reproduced or redistributed outside the recipient's organization. Sources: Cantor Fitzgerald & Co., Reuters, Bloomberg, CNBC, Dow Jones, Marketwatch, Trade-Alert, and the Wall Street Journal. ***All eco data from Bloomberg and DJ
