AGU Fundamental Research Investment Analysis, Agrium Inc.

“… I would have to double my budget, which is not feasible. I’m not cool enough to be a mac >> reporter: does that mean that enough, period? You just got to wonder. The MICROSOFT ads are by far the company’s most aggressive answer yet to those long-running and extremely effective commercials remember these? >> hello, i’m a mac. >> i’m a pc. >> reporter: yeah, some call those sheer genius and while apple is selling cool and cache, MICROSOFT is focused on price which it calls the so-called apple tax and in economic times like this that could be a powerful message. Apple isn’t commenting but MICROSOFT sure is. Tells me this morning when we think of value, it’s not just about price, it’s about options and choice too. MICROSOFT is very much on the offensive right now in a campaign that could gain serious marketplace by judging by all of the e-mails that i’m getting from the apple and mac faithful, maria, back to you. …”

“… Back to you. >> sounds like a good reason to buy it. Thanks so much. Rebecca jarvis. >>> remember apple’s cool guy versus the old pc guys on television? Well, apparently MICROSOFT is looking to take a bite out of apple’s marketing campaign. >> is it straightforward. …”

“… Store space. They’re led by jcpenney. Also those winner, kohl’s and NORDSTROM. So basically, if you can eat it, if you can drink it, if you can bathe with it, maria, the lesson learned here, is you need it and so do investors. At least in their portfolios for back to you. >> sounds like a good reason to …”

“… Joining me now, 57bdy busch, global foreign exchange strategist with vemo capital michael woolfolk is senior currency strategist with the BANK OF NEW YORK MELLON. Gentlemen, thanks for joining mike, right off the bat, do you think we’re going to see a new reserve currency, not the a global currency’s a flawed idea, a deeply flawed idea. And so is the concept of an …”

“… Games from take two, ea, and others stored on a server on your pc, tv or mac no matter what console they were developed that could be a serious threat to MICROSOFT, sony, and this is the innertial mocapp cap or motion capture system from ex sends. Great for film making and game …”

“… When this construction company added AFLAC at no direct cost to them, it broke new ground in attracting and retaining employees. Find out more at… AFLAC… …For business.Com …”

“… This coming just days aftering arieum took its previously rejected bid directly to cf shareholders. Taking a look at the stocks today and how they performed, down across the board. >>> JPMORGAN is upgrading biotech giant amgen to an overweight from a neutral. The analyst there tells clients strong sales potential of the company’s osteoporosis drug could send the stock higher. The fda is currently reviewing the drug, which many analysts …”

“… >>> welcome back. Stories we’re following on the "closing bell" ticker tonight. Agrium sweetening its takeover bid for rival fertilizer maker CF INDUSTRIES by 10%. This coming just days aftering arieum took its previously rejected bid directly to cf shareholders. Taking a look at the stocks today and how they performed, …”

“… Keeping consumer sentiment near an all-time low, meanwhile. The university of michigan’s consumer sentiment index rising while that was better than expected, overall sentiment >>> and MGM mirage making a mandatory $200 million debt payment today that keeps its troubled city center project in las vegas afloat, at least for now. According to published reports, the casino operator has hired a …”

“… >> now, even on the issue of executive compensation, which is one of the flash points between washington and wall street, jamie dimon came out just after lloyd blankfein of goldman sachs and jamie dimon of JPMORGAN CHASE said there have been some mistakes in compensation and we’ll fess up to that. >> you know, the president …”

“… Banks to be able to lend and >> now, even on the issue of executive compensation, which is one of the flash points between washington and wall street, jamie dimon came out just after lloyd blankfein of GOLDMAN SACHS and jamie dimon of jpmorgan chase said there have been some mistakes in compensation and we’ll fess up to that. …”

“… Bottomed in november. They did not bottom in march. So some of them have had spectacular gains considering the bottomed a while ago. Kb holmes, D.R. HORTON, lennar, and centec. Remember we had good home sales on top of the existing home in two weeks it will be all about earnings. …”

“… Down 3% or 4%, I want to show you what’s happened for the week the final numbers are still settling out. You need to look at the weekly numbers, not the daily ones today. Whirlpool, u.S. Steel, alcoa, CSS. Gains in many, many months, in the case of a stock like whirlpool in many, many years. So what’s important is a lot of traders who were very short the market in the first part of march have been scrambling …”

“… Down 3% or 4%, I want to show you what’s happened for the week the final numbers are still settling out. You need to look at the weekly numbers, not the daily ones today. Whirlpool, u.S. Steel, ALCOA, css. Gains in many, many months, in the case of a stock like whirlpool in many, many years. So what’s important is a lot of traders who were very short the market in the first part of …”

“… To you from london live. And here’s what we’re following at the close tonight ahead of the key g-20 meeting next week stocks losing steam on profit taking along with comments from the ceos of JPMORGAN and bank of america that the month of march has been a tougher month than january and february. Still, the stock market closing higher for the third straight week, even with the declines on the day. …”

“… And of course the improvement in commodity prices that we’ve seen have also made a big difference. What happened today? Bank stocks took a little bit of a dive. A little bit. JPMORGAN’s jamie dimon was talking with our erin burnett. I hope you saw that in the he did mention that the trading book for march ways little rough. The bank stocks a little more. Shows you how sensitive things the important thing is a lot of …”

“… Stocks, and we’re just looking at some numbers here and the numbers haven’t settled out here, but whirlpool is up 26% u.S. Steel’s up 21%. ALCOA’s up 19% for the week. Remember, the majority of the street remains on the bearish side. We caution that’s the way the but if you’re not encouraged by some of these moves off the lows, if you’re not encouraged by some of the economic news that we’ve seen this week, particularly in the housing …”

“… Lot by agreeing to take over the health care benefits off the books of gm and take them over some of the biggest bond holders out there for g 346789, fidelity, franklin advisors, john HANCOCK investments-leg mason, loomis sayles, northwestern mutual, and pimco. In addition, maria, there’s about $5 billion of retail bonds that were sold to retail investors over the years, some …”

“… Ride the latest rally. The question now, is the better strategy growth or value? Joining me to talk about that is mark dimos, portfolio manager at FIFTH THIRD manager, along with portfolio manager at first eagle funds. Gentlemen, it’s good to have you on the program. >> thank you. >> let me kick it off with you, you’re a value pro poentd but …”

“… For mergers and acquisitions. And further, that kind of dovetails into the technology chatter that’s going around when you have merger and acquisition activity heating up in the technology space. >> sun micro and IBM. I guess the other question is what else is there? We just saw dan niles on. I don’t know if you saw him, but dan was pretty negative. He’s kind of an ax in this …”

“… Form of the shelf filing. There are shelf filings with the s.E.C. As far as the eye can further, and I think more importantly for the listeners to understand, is within a secondary, as was in evidence by the secondary in ALCOA a couple weeks ago, it’s an outstanding opportunity for professionals and non-professionals alike to enter into a blocked trade alongside the big institutions. So yeah, we are seeing quite a bit of excitement. >> but what have we actually got here in reality? We’ve got ALCOA, right? They have an offering. I know goldman’s been making some comments, or there’s been but goldman hasn’t formally announced one, are right? >> right. Goldman is coming. …”

“… >>> i’m rebecca jarvis with your "closing bell" realtime flash. A lot of question marks surrounding MGM mirage’s ability to move forward on its vegas city center project. Some of that’s been answered, at least for today, with MGM making a mandatory $200 million debt payment to keep the 800 — or rather $8.5 billion project afloat. The casino operator says the payment includes $100 million that should have come from MGM’s city center partner, that’s dubai world, and MGM mirage says that $800 million in equity contributions are still necessary to access a credit facility and it’s still in talks with dubai world and lenders to find a long-term financing solution to that development. …”

“… In toxic assets today at 4:00 p.M. Eastern time. >>> but first take a look at where action is on the street today. The most heavily traded stocks at the nyse, led by citigroup, aig, b of a, GE, jpmorgan. Back in a moment. …”

“… In toxic assets today at 4:00 p.M. Eastern time. >>> but first take a look at where action is on the street today. The most heavily traded stocks at the nyse, led by citigroup, aig, b of a, ge, JPMORGAN. Back in a moment. …”

“… We are talking about one of, if ever for the nasdaq. So no wonder we were going to lose a little bit of steam here and give some back. Oracle’s lower today, amazon’s I do want to talk about research in motion because it’s one I GOLDMAN SACHS came out and said buy this stock ahead of the earnings, they like what they’re seeing in terms of improvement from the margins over there. This is a stock that was beat up, as you see that dip that the stock took in late february. …”

“… We are talking about one of, if ever for the nasdaq. So no wonder we were going to lose a little bit of steam here and give some back. ORACLE’s lower today, amazon’s I do want to talk about research in motion because it’s one I goldman sachs came out and said buy this stock ahead of the earnings, they like what they’re seeing in terms of improvement from the margins over there. …”

“… Seen in the last few weeks. Apple over — remember, i’m talking since the march 6 lows. Apple’s up 20%. Microsoft’s up 19%. Intel is up 24%. And CISCO up 16%. We are talking about one of, if ever for the nasdaq. So no wonder we were going to lose a little bit of steam here and give some back. …”

“… Was some of the names and just the meteoric rises that we’ve seen in the last few weeks. Apple over — remember, i’m talking since the march 6 lows. Apple’s up 20%. MICROSOFT’s up 19%. Intel is up 24%. And cisco up 16%. We are talking about one of, if ever for the nasdaq. …”

“… Stocks down today as I walk you through some of the biggest names here. Apple’s off 2 1/2%. Intel’s giving back about 2. Cisco about 1 3/4%. Microsoft giving back 3%. Dell was off 4%. YAHOO’s down just fractionally but it’s no wonder. Take a look why. Because take a look at some of the moves that we’ve had in tech since the march 6 low. It’s a lot of the same story, but what bob was talking about was some of the names and just …”

“… Some 29 points or so. Most of the large cap technology stocks down today as I walk you through some of the biggest names here. Apple’s off 2 1/2%. Intel’s giving back about 2. Cisco about 1 3/4%. MICROSOFT giving back 3%. Dell was off 4%. Yahoo’s down just fractionally but it’s no wonder. Take a look why. Because take a look at some of the moves that we’ve had in tech since the march 6 low. It’s a lot of the same story, …”

“… We’re still down some 1 3/4%. We are talking about a loss of some 29 points or so. Most of the large cap technology stocks down today as I walk you through some of the biggest names here. Apple’s off 2 1/2%. Intel’s giving back about 2. CISCO about 1 3/4%. Microsoft giving back 3%. Dell was off 4%. Yahoo’s down just fractionally but it’s no wonder. Take a look why. Because take a look at some of the moves that we’ve had in tech since the march 6 low. …”

“… Bottom line is this is a pretty modest down day after very, very big gains. Let’s go around the horn. Our team’s covering the markets nasdaq, nymex, and the floor of the CME GROUP in chicago. But first we start with scott wapner, where we are positive for the year in the nasdaq. >> we were, bob, but that was how we closed yesterday. But we’re back negative for the year now because of today’s pullback. …”

“… Commodity prices, emphasize how strong the cyclicals have been. Folks, do not be fooled by this down day. Whirlpool was $20 three weeks ago. It’s $32 today, even with the ALCOA was $5 three weeks ago. Fedex was, what, $34, $35 a few weeks ago. The transportation index is up 10% this week. Let’s move on here. I hope you all saw erin burnett talking to the cream the crop of …”

“… President obama will announce his plan for the nation’s automakers on monday. Bank ceos have concluded their meeting with the president and tell cnbc the meeting largely centered on cooperation and getting the economy moving >>> MGM mirage shares spiked and fell back on news the company will provide the funds needed to continue construction at city center in las vegas. That’s …”