Today's 3 Best Stockshttp://www.fool.com/investing/general/2013/07/29/todays-3-best-stocks.aspx Alex Planes
July 29, 2013
The S&P 500 (INDEX: ^GSPC) took a break from its formerly breakneck pace today. A Federal Reserve meeting on the imminent horizon has spooked investors enough over the potential closing of that torrential firehose of money that the S&P wound up 6.3 points lower, with a 0.4% loss for Monday.
That doesn't mean that the S&P had no standouts. One company in particular stood head and shoulders above the rest, offering hope that at least one sector of the economy might be maintaining its strength after all.
CF Industries (NYSE: CF) was the real standout for the S&P 500 today and was the only stock to end up higher by double digits. The diversified fertilizer manufacturer soared 11.8% in the afternoon, after superinvestor Dan Loeb's Third Point Management revealed its stake in a quarterly investor letter. Third Point asserts that CF is cheaper than its peers and could afford to pay out a lot more in dividends. Loeb is right -- just take a look: