(EMAILWIRE.COM, March 13, 2010 ) Dallas, Tx - Most of the chemical stocks were close higher after Potash Corp. raised its raised its earnings outlook significantly.
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Potash Corp./Saskatchewan (USA) (NYSE:POT) soared 7.13% to $125.27 after hitting a new 52-week high of $126.98 earlier. Potash Corp. said that earnings are now expected to be $1.30 to $1.50 EPS versus a prior guidance of $0.70 to $1.00 EPS which was provided on January 28, 2010.
The Mosaic Company (NYSE:MOS) soared 7% to $63.80 on heavy volume. In the past one year, the stock has jumped over 49%.
Agrium Inc. (USA) (NYSE:AGU) is also getting boost from POT's guidance and jumped 8% to $72.10 after creating a new 52-week of $72.44.
Terra Nitrogen Company, L.P. (NYSE:TNH) surged over 2.75% to $91.95.
Intrepid Potash, Inc. (NYSE:IPI) soared 11% to $31.54.
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