The Mosaic Company (MOS), one of the world's largest producers of agricultural commodities, just reported its first-quarter earnings. The company's sales were down, but earnings game in stronger than expected despite effects from bad weather and structural weakness. Nonetheless, lower guidance caused the stock to drop significantly after earnings as it starts to become obvious that the post-2017 uptrend has ended. As much as I like to buy commodity-related stocks, I think it is best to stay on the sidelines until this stock shows signs of a bottom.
Source: The Mosaic Company