Monsanto Breakout

An nice breakout in Monsanto (Ticker: MON) today. The stock gained 7% on heavy volume and closing at a 52 week high of $131.95. The commodity stocks are on fire and today's news of a new $800 million stock repurchase certainly helped fuel the fire a bit. If I had some extra $$$, I would load up on Monsanto. This is a cyclical bull in commodities and has lots more to go.



Next week, keep your eyes wide open for earnings from Biogen Idec (Ticker: BIIB) and Genzyme (Ticker: GENZ).