Diamonds and Dogs

8/22/22

The fertilizer stocks continue to shine. CF Industries (CF) is up 2% as pricing remains strong due in part to the war in Ukraine is hurting exports out of that region. CF sales are up 80% year over year due to strong pricing of fertilizer.

Adidas (ADDYY) lower by 2% as the CEO will step down next year. The CEO and Adidas have had their difficulties over the last several years with the pandemic and inflation issues. Going forward, China remains an issue. Adidas earlier this year replaced the head of its Chinese operations and said that extensive lockdowns to fight Covid-19 are limiting demand there.

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