Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.97 -34.49 -0.83%
Ticker Volume Price Price Delta
STOXX 50 3,199.19 23.22 0.73%
FTSE 100 6,711.21 36.47 0.55%
DAX 9,611.37 67.18 0.70%
Ticker Volume Price Price Delta
NIKKEI 14,404.99 -141.28 -0.97%
TOPIX 1,164.90 -8.91 -0.76%
HANG SENG 22,562.80 53.16 0.24%

The Zacks Analyst Blog Highlights:Starwood Hotels & Resorts Worldwide, Potash Corp. of Sakatchewan, CF Industries Holdings,



The Zacks Analyst Blog Highlights:Starwood Hotels & Resorts Worldwide, Potash
       Corp. of Sakatchewan, CF Industries Holdings, Agrium and Mosaic

PR Newswire

CHICAGO, May 17, 2013

CHICAGO, May 17, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Starwood Hotels & Resorts
Worldwide Inc. (NYSE:HOT), Potash Corp. of Sakatchewan Inc. (NYSE:POT), CF
Industries Holdings, Inc. (NYSE:CF), Agrium Inc. (NYSE:AGU) and The Mosaic
Company (NYSE:MOS).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday's Analyst Blog:

Starwood's Extensive Latin America Plans

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) plans to expand its
operations in Latin America by 50% over the next five years. This will lead to
the opening of seven hotels per year on an average in that region.

Starwood has been focusing on this fast growing region for quite some time.
Starwood sees more construction opportunities in Latin America with around
half a billion people and an abundance of natural resources.

The affluent middle class population in Latin America which grew by 50% over
the last decade and greater footfall in the region caught the attention of
Starwood. Apart from being a tourist hub, the region is also emerging as a
business hub.

Starwood's entry into Latin America dates back to 1963 when Sheraton Maria
Isabel debuted in Mexico City. The property also marks the first international
hotel company in Latin America. Leveraging its first-mover advantage, Starwood
has become one of the most sought-after global brands in Latin America.

Starwood currently operates 72 hotels in 13 countries with a total of 15,600
rooms. Since 2007, its footprint in Latin America grew 36% making it the
largest high-end hotel operator in the region. Presently, it has a pipeline of
19 hotels and intends to open six more under four different brands across four
countries through 2013.

Among all other Latin American countries, Brazil and Colombia are expected to
lead the growth trajectory. Brazil is set to witness a surge in demand driven
by the resurgence of the middle class. A large number of hotels will be
constructed in the country to cash in on the FIFA World Cup, which is
scheduled in 2014 along with the Olympics in 2016.

Of late, Colombia has also undertaken steps to improve its economy and hotel
infrastructure and thereby become an attractive destination for foreign
investment and international hotel brands.

On the flip side, while Brazil and Colombia promise solid growth in the
region, Argentina remains a laggard. In the first quarter of 2013, Starwood's
Latin America revenue per available room (RevPAR) was flat. Management expects
the sluggish trend to persist in the region owing to deteriorating political
situation, rising inflation and an over-valued currency in Argentina. However,
we believe, these threats are short-lived.

Potash Raises Dividend 25%

Potash Corp. of Sakatchewan Inc. (NYSE:POT) has announced a 25% hike in its
quarterly cash dividend from 28 cents per share to 35 cents per share. The
dividend will be paid on Aug 2, 2013, to shareholders of record on Jul 12,
2013. This represents the company's fifth dividend hike since 2011.

Potash Corp. has increased its dividend based on its confidence to generate
strong cash flow in the coming years and remains committed to escalating
returns for its shareholders.

Potash Corp., which is among the prominent players in the fertilizer industry
along with CF Industries Holdings, Inc. (NYSE:CF), Agrium Inc. (NYSE:AGU) and
The Mosaic Company (NYSE:MOS), released its first-quarter 2013 results in
April. The company's earnings of 63 cents per share in the first quarter
exceeded the Zacks Consensus Estimate of 61 cents, reflecting a positive
surprise of around 3.3%. The company posted a profit of $556 million in the
reported quarter, up roughly 13% % from $491 million (56 cents a share)
recorded a year ago.

Sales came in at $2,100 million in the quarter, up 20.3% from $1,746 million
registered a year ago, and ahead of the Zacks Consensus Estimate of $1,923
million. The year-over-year increase was due to improved global potash demand
and record first-quarter nitrogen contributions.

Potash Corp. expects earnings for the second quarter and full-year 2013 in the
range of 70 cents to 85 cents per share and $2.75 to $3.25 per share,
respectively.

While Potash Corp. may gain from a recovery in fertilizer demand in 2013, it
contends with macroeconomic uncertainties and a challenging demand scenario in
India. The company is also exposed to volatility in potash and phosphate
pricing.

Potash Corp. currently retains a Zacks Rank #3 (Hold).

Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

 

 

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement