10 Best Canadian Stocks To Buy Right Now

10 Best Canadian Stocks To Buy Right Now: Potash Corporation of Saskatchewan Inc.(POT)

Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; and industrial acids that are used in food products and industrial processes. In addition, the company produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Further, it holds the right to mine 785,759 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers primarily to retailers, dealers, co-operatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation was founded i n 1953 and is based in Saskatoon, Canada.

Advisors' Opinion:

• [By Jonas Elmerraji]

  Nearest Resistance: $37
  
  Nearest Support: $29
  
  Catalyst: Industry Insanity

  It's been quite a week for Potash (POT). Shares of the $26 billion firm are up 1% on high volume today after dropping more than 20% from Monday's open. The whole fertilizer industry is getting shaken up after Russia-based Uralkali ended a joint venture with Belaruskali that controlled around 43% of the potash market. With lower potash prices looking imminent, the whole industry is getting shellacked this week. POT is just one of the more high profile movers.

  Today, shares of POT are trying to establish support on high trading volume. That level looks pretty strong at $29. With support so near by, and resistance well overhead and $37, August could be a good time to start building a position in POT. I'd recommend wait! ing for a more meaningful move off of $29 first.

• [By idahansen]

  Due to the impact of The Great Recession, stocks in the agricultural sector such as Caterpillar (NYSE: CAT), The Mosiac Company (NYSE: MOS), and Potash of Saskatchewan (NYSE: POT) are trading well below highs. The exchange traded fund for the industry, DBA Power Shares, (NYSE: DBA), is down more than 17% for the last year. Despite this bearish trend, legendary investors such as Warren Buffett, George Soros, and Jim Rogers are very positive for the agriculture group. With the long term bullish outlook for the sector from the greatest investors in history, small cap stocks active in the fertilizer sector such as Sirius Minerals (LSE: SXX) and Americas Petrogas (TSX: BOE) are especially attractive.

• [By Rich Duprey]

  Canpotex, the cartel's rival North American potash marketing association, comprised of Mosaic (NYSE: MOS  ) , PotashCorp (NYSE: POT  ) , and Agrium (NYSE: AGU  ) , is a major supplier of potash to Brazil, with some analysts estimating it owns 38% of the market. In years past, Latin America -- primarily the Brazilian market -- has comprised as much as 26% of Canpotex's potash sales.

• [By Ben Levisohn]

  Which of course begs the question: Why didn’t Samuelson cut Potash (POT)? He has an answer:

  We downgrade [Mosaic] to Sell but keep [Potash] at Neutral given (1) greater valuation support at POT given its 4.1% dividend yield, which we view as sustainable given our pricing/cash flow forecasts, which we also believe is a key appeal for [Potashs] large Canadian institutional holders, (2) a more favorable cost outlook at [Potash] following recent headcount reductions, which should help the company improve utilization at lower-cost facilities (e.g., Rocanville), and (3) earnings ballast from a less negative near-term [Neutral] outlook at [Potash]. That said, our revised $32, 12-month price target for [Potash] still im! plies 5% ! downside and our core K industry view is that both companies will be significantly impacted.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-canadian-stocks-to-buy-right-now.html