Mosaic Co., the largest U.S.-based fertilizer producer, cut its quarterly potash forecast on Sept. 16 after saying crop-nutrient markets had softened. Agrium fell 1.9 percent to C$90.66 at 9:39 a.m. in Toronto. The shares have declined 8.6 percent this year.
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MetLife Now #73 Largest Company, Surpassing Costco (source) Wholesale
In the case of MetLife Inc ( NYSE: MET ), the market cap is now $52.10 billion, versus Costco Wholesale Corp ( NASD: COST ) at $51.50 billion. Below is a chart of MetLife Inc versus Costco Wholesale Corp plotting their respective size rank within the S&P 500 over time (MET plotted in blue; COST plotted in green): Below is a three month price history chart gemstone beads comparing the stock performance of MET vs. COST: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUVs). This can have a direct impact on which mutual funds and ETFs are willing to own the stock.
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