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MARKETS LIVE BLOG:

STOCKS TRADE MIXED, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Wall Street Fundamentals Releases New In-Depth Stock Reports on AGU, IPI, POT and RNF

ACCESSWIRE

Shares of fertilizer companies have fallen sharply this week after Russian potash producer Uralkali announced it would cease its sales partnership with Belarus, putting an end to the global pricing cartel. The move could see potash prices, which currently are around $400 per ton, drop below $300 per ton. The Belarusian Potash Co. accounted for roughly 25 percent of the global potash market this year. "The existing global market structure has been demolished," said Vladimir Dorogov, transport and industrials analyst at Alfa Bank in Moscow. "Customers everywhere will now have more power to negotiate lower prices. It's a huge rebalancing for global potash."

Agrium Inc. (NYSE:AGU - News)(TSX:AGU.TO - News) shares traded in the range of $83.79 to $85.24 Wednesday before settling to close at $85.00, a decrease of 1.73 percent. The stock appears to be facing some resistance at the $89.25 and $93.21 levels with some support at $84.42. Shares of Agrium have fallen approximately 15.0 percent year-to-date.

More information on Agrium and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AGU

Intrepid Potash, Inc. (NYSE:IPI - News) shares traded in the range of $12.63 to $13.39 Wednesday before settling to close at $12.78, a decrease of 7.99 percent. The stock appears to be facing some resistance at the $17.18, $18.04 and $18.88 levels. Shares of Intrepid Potash have fallen approximately 40.0 percent year-to-date.

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More information on Intrepid Potash and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IPI

Potash Corp./Saskatchewan (NYSE:POT - News) shares traded in the range of $29.00 to $31.01 Wednesday before settling to close at $29.00, a decrease of 8.31 percent. The stock appears to be facing some resistance at the $35.98, $36.98 and $37.76 levels. Shares of Potash Corp. have fallen over 28.0 percent year-to-date.

More information on Potash Corp. and access to the free equity report can be found at:
www.WallStreetFundamentals.com/POT

Rentech Nitrogen Partners LP (NYSE:RNF - News) shares traded in the range of $31.78 to $32.32 Wednesday before settling to close at $31.96, a decrease of 0.84 percent. The stock appears to be facing some resistance at the $32.49 and $33.20 levels with some support at $30.77. Shares of Rentech Nitrogen Partners have fallen approximately 15.0 percent year-to-date.

More information on Rentech Nitrogen Partners and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RNF

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com