Monsanto (MON) released its quarterly earnings report this morning, and it knocked the ball out of the park.
Monsanto’s fiscal Q2 earnings rose by an amazing 22%, decimating even the most optimistic earnings estimates from market analysts. The jump in earnings was driven largely by strength in Monsanto’s global corn and herbicide business as well as increasing demand for the company’s products from emerging markets.
But lurking behind the scenes was the so-called Monsanto Protection Act, a new law in the U.S. that gives the company extraordinary legal protection. While it didn’t directly impact the company’s Q2 earnings, it certainly plays into the longer-term profit picture for Monsanto, and it definitely helps boost the revision in the firm’s annual guidance, which has just been boosted by $10 a share.
The Monsanto Protection Act is especially interesting because of the astrological dynamics at work when the bill was signed into law.
You’ll find an article about it, including a horoscope chart showing the transits to the MON First-Trade chart when the bill was signed, at http://www.financialcyclesweekly.com/public/The-Monsanto-Protection-Act-Becomes-Law.cfm