May 5, 2015

On Tuesday, the S&P 500 fell 1.2% and Toronto fell 1.3%

Melcor was up 4.9% on higher than usual volume.

Agrium reported earnings after the close which were apparently below expectations but if also raised its dividend 12%. I am not sure which way the stock will move on that news. I last rated it a Speculative (lower) Buy at $132. On that basis, I am not particularly interested in buying at this point.

 

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