There is such a boom in crops that farmers just don’t need fertilizer. CNBC’s Jim Cramer thinks the agriculture stocks may be victims of their own success, as higher crop yields mean lower demand for Agrium’s products, which is why the stock dropped. Cramer would proceed with caution in the agriculture sector, or avoid it entirely. Even though Dupont is a diversified company, it might feel the pain too.
Cree reported lower demand for its lighting globally. Cramer is concerned if this signals a slowing in the worldwide economy, since management did not cite specific problems with the product, manufacturing or execution. The decline in demand was a staggering 20% year over year. There doesn’t seem to be any LED lights at the end of the tunnel.
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