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720200.0
|
2023-12-06 00:00:00 UTC
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3 Undervalued Agriculture Stocks to Harvest Long-Term Gains
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DE
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https://www.nasdaq.com/articles/3-undervalued-agriculture-stocks-to-harvest-long-term-gains
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Agriculture stocks have been experiencing a downturn due to declining crop prices and high costs associated with interest rates. This may offer an opportunity to get into some undervalued agriculture stocks looking to gain from precision agriculture. However, a little patience may be worth the wait as the U.S. Department of Agriculture predicts a 23% drop in farmer incomes this year following last year’s boom.
Although the short-term potential for some of the market’s most undervalued agricultural stocks is not too bright, some players are strategically positioned to benefit from precision agriculture. Farmers may still hold off replacing their aged fleets in hopes of better interest rates, but this could change soon. Not only must they upgrade their fleets, but the U.S. Federal Reserve is also expected to commence its rate-cut cycle next May.
Despite the economic ebbs and flows, there are still undervalued agriculture stocks which appear well-poised to harvest long-term gains.
CNH Industrial N.V (CNHI)
Source: Pavel Kapysh / Shutterstock.com
Despite facing difficulties in the market, CNH Industrial’s (NYSE:CNHI) net income rose slightly from $566 million to $567 million year-over-year in Q3 2023. The company simplified its corporate structure into a sole listing on the NYSE to focus its resources and reduce costs. As a short-term play, CNHI may not be a good bet as one of the top undervalued agriculture stocks to harvest long-term gains.
Trading at a PE ratio of 6.2x, significantly lower than the S&P 500’s 24.6x, CNH Industrial appears as an undervalued agriculture stock down 33% year-to-date. Despite the challenging market conditions, the company saw a 2% increase in net income year-over-year (YOY). It also anticipates a free cash flow between $1 billion to $1.2 billion this year. And, the company expects sales to increase between 3% to 6%.
Recently, Fitch Ratings affirmed CNH Industrial at BBB+ with a stable outlook, indicating a reasonably solid investment grade. The company exhibits a sound balance sheet, margin expansion and growth opportunities, making it appealing at a bargain valuation.
Deere & Co. (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Co’s (NYSE:DE) net income rose 5% YOY in the most recent quarter despite market headwinds. While anticipating a sales decline next year, it increased profit this year and plans to focus on cost reduction.
Deere & Co has a PE ratio of 10.5x, less than half of the agricultural average of 24.3x. Its stock is also down 15% YTD, presenting a promising undervalued agriculture stock to buy and hold. The company expects volumes to return to mid-cycle levels next year.
While the near-term agricultural economy presents challenges, Deere’s long-term prospects make the agricultural stock attractive for patient investors seeking value and growth.
AGCO Corp (AGCO)
Source: Pavel Kapysh/ShutterStock.com
AGCO Corporation (NYSE:AGCO) is another long-term agriculture stock ready to harvest growth. It has a PE ratio of 7.4x, and its stock is also down this year by about 18%. Interestingly, that is despite the company expecting improved sales in 2023. Despite the ongoing conflict in Ukraine impacting farmer sentiment, it expects only a modest decline in retail tractor demand compared to 2022.
The company’s annual revenue has consistently increased over the past few years. In 2023, AGCO reported a revenue between $1.3 billion to 1.4 billion in precision Agriculture. This follows a steady growth pattern, with a 21% increase in quarterly dividends seen as adding to the optimism of long-term growth.
AGCO also aims to boost productivity through precision technology, which allows farmers to use smart solutions to optimize crop yields. By leveraging innovations for sustainable agriculture, AGCO helps farmers reduce costs and increase efficiency.
On the date of publication, Stavros Tousios did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.
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The post 3 Undervalued Agriculture Stocks to Harvest Long-Term Gains appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Undervalued Agriculture Stocks to Harvest Long-Term Gains appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Agriculture stocks have been experiencing a downturn due to declining crop prices and high costs associated with interest rates.
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CNH Industrial N.V (CNHI) Source: Pavel Kapysh / Shutterstock.com Despite facing difficulties in the market, CNH Industrial’s (NYSE:CNHI) net income rose slightly from $566 million to $567 million year-over-year in Q3 2023. Deere & Co. (DE) Source: Jim Lambert / Shutterstock.com Deere & Co’s (NYSE:DE) net income rose 5% YOY in the most recent quarter despite market headwinds. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Agriculture stocks have been experiencing a downturn due to declining crop prices and high costs associated with interest rates.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Agriculture stocks have been experiencing a downturn due to declining crop prices and high costs associated with interest rates. Although the short-term potential for some of the market’s most undervalued agricultural stocks is not too bright, some players are strategically positioned to benefit from precision agriculture. This may offer an opportunity to get into some undervalued agriculture stocks looking to gain from precision agriculture.
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While anticipating a sales decline next year, it increased profit this year and plans to focus on cost reduction. Its stock is also down 15% YTD, presenting a promising undervalued agriculture stock to buy and hold. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Agriculture stocks have been experiencing a downturn due to declining crop prices and high costs associated with interest rates.
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e48ef2c4-8f46-4fbb-bc71-0b7cef9547f5
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720201.0
|
2023-12-04 00:00:00 UTC
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3 Magnificent Dividend Stocks to Buy in December for Passive Income Investors
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DE
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https://www.nasdaq.com/articles/3-magnificent-dividend-stocks-to-buy-in-december-for-passive-income-investors
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nan
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nan
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Fool.com contributor Parkev Tatevosian reveals his top dividend stocks to buy in December.
*Stock prices used were the afternoon prices of Nov. 30, 2023. The video was published on Dec. 3, 2023.
10 stocks we like better than AT&T
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and AT&T wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 29, 2023
Parkev Tatevosian, CFA has positions in 3M. The Motley Fool has positions in and recommends Microsoft and Target. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: short January 2024 $45 calls on eBay. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fool.com contributor Parkev Tatevosian reveals his top dividend stocks to buy in December. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on Dec. 3, 2023.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: short January 2024 $45 calls on eBay. Fool.com contributor Parkev Tatevosian reveals his top dividend stocks to buy in December.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: short January 2024 $45 calls on eBay. Fool.com contributor Parkev Tatevosian reveals his top dividend stocks to buy in December.
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Fool.com contributor Parkev Tatevosian reveals his top dividend stocks to buy in December. The video was published on Dec. 3, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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6dd18809-1f9d-4f51-9c6e-f9325289c4aa
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720202.0
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2023-12-04 00:00:00 UTC
|
Validea Detailed Fundamental Analysis - DE
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DE
|
https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-de-15
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. DEERE & COMPANY (DE) is a large-cap value stock in the Constr. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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7da9c927-568d-4120-988c-85aa31bf9b5a
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720203.0
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2023-11-29 00:00:00 UTC
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Notable Wednesday Option Activity: TDOC, DE, NET
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DE
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-tdoc-de-net
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Teladoc Health Inc (Symbol: TDOC), where a total of 42,842 contracts have traded so far, representing approximately 4.3 million underlying shares. That amounts to about 98.5% of TDOC's average daily trading volume over the past month of 4.3 million shares. Particularly high volume was seen for the $19.50 strike call option expiring December 01, 2023, with 18,773 contracts trading so far today, representing approximately 1.9 million underlying shares of TDOC. Below is a chart showing TDOC's trailing twelve month trading history, with the $19.50 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 16,441 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 93.3% of DE's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $330 strike put option expiring January 19, 2024, with 818 contracts trading so far today, representing approximately 81,800 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $330 strike highlighted in orange:
And CloudFlare Inc (Symbol: NET) saw options trading volume of 33,869 contracts, representing approximately 3.4 million underlying shares or approximately 75.9% of NET's average daily trading volume over the past month, of 4.5 million shares. Especially high volume was seen for the $80 strike call option expiring January 19, 2024, with 4,825 contracts trading so far today, representing approximately 482,500 underlying shares of NET. Below is a chart showing NET's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for TDOC options, DE options, or NET options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Closed End Fund Screener
JAZZ Average Annual Return
AIT Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $19.50 strike call option expiring December 01, 2023, with 18,773 contracts trading so far today, representing approximately 1.9 million underlying shares of TDOC. Especially high volume was seen for the $330 strike put option expiring January 19, 2024, with 818 contracts trading so far today, representing approximately 81,800 underlying shares of DE. Especially high volume was seen for the $80 strike call option expiring January 19, 2024, with 4,825 contracts trading so far today, representing approximately 482,500 underlying shares of NET.
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Below is a chart showing TDOC's trailing twelve month trading history, with the $19.50 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 16,441 contracts thus far today. Especially high volume was seen for the $330 strike put option expiring January 19, 2024, with 818 contracts trading so far today, representing approximately 81,800 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $330 strike highlighted in orange: And CloudFlare Inc (Symbol: NET) saw options trading volume of 33,869 contracts, representing approximately 3.4 million underlying shares or approximately 75.9% of NET's average daily trading volume over the past month, of 4.5 million shares.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Teladoc Health Inc (Symbol: TDOC), where a total of 42,842 contracts have traded so far, representing approximately 4.3 million underlying shares. Particularly high volume was seen for the $19.50 strike call option expiring December 01, 2023, with 18,773 contracts trading so far today, representing approximately 1.9 million underlying shares of TDOC. Below is a chart showing DE's trailing twelve month trading history, with the $330 strike highlighted in orange: And CloudFlare Inc (Symbol: NET) saw options trading volume of 33,869 contracts, representing approximately 3.4 million underlying shares or approximately 75.9% of NET's average daily trading volume over the past month, of 4.5 million shares.
|
Particularly high volume was seen for the $19.50 strike call option expiring December 01, 2023, with 18,773 contracts trading so far today, representing approximately 1.9 million underlying shares of TDOC. Below is a chart showing DE's trailing twelve month trading history, with the $330 strike highlighted in orange: And CloudFlare Inc (Symbol: NET) saw options trading volume of 33,869 contracts, representing approximately 3.4 million underlying shares or approximately 75.9% of NET's average daily trading volume over the past month, of 4.5 million shares. Below is a chart showing NET's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for TDOC options, DE options, or NET options, visit StockOptionsChannel.com.
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6dd4d322-ca40-45f4-8df4-5618dafe9d87
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720204.0
|
2023-11-29 00:00:00 UTC
|
DE Factor-Based Stock Analysis
|
DE
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https://www.nasdaq.com/articles/de-factor-based-stock-analysis-7
|
nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
|
Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
|
Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
|
Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. DEERE & COMPANY (DE) is a large-cap value stock in the Constr. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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a9796f52-539d-48c7-9452-e5abb389393c
|
720205.0
|
2023-11-28 00:00:00 UTC
|
Notable ETF Inflow Detected - XLI, RTX, DE, NOC
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DE
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-xli-rtx-de-noc
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $232.6 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 136,430,000 to 138,630,000). Among the largest underlying components of XLI, in trading today RTX Corp (Symbol: RTX) is up about 0.7%, Deere & Co. (Symbol: DE) is down about 0.4%, and Northrop Grumman Corp (Symbol: NOC) is higher by about 0.8%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $111.12 as the 52 week high point — that compares with a last trade of $105.86. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Best Dividend Stocks Analysts Like
CRSA Historical Stock Prices
ACHN Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $232.6 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 136,430,000 to 138,630,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs had notable inflows » Also see: Best Dividend Stocks Analysts Like CRSA Historical Stock Prices ACHN Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XLI, in trading today RTX Corp (Symbol: RTX) is up about 0.7%, Deere & Co. (Symbol: DE) is down about 0.4%, and Northrop Grumman Corp (Symbol: NOC) is higher by about 0.8%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $111.12 as the 52 week high point — that compares with a last trade of $105.86. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $232.6 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 136,430,000 to 138,630,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $111.12 as the 52 week high point — that compares with a last trade of $105.86. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $232.6 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 136,430,000 to 138,630,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $111.12 as the 52 week high point — that compares with a last trade of $105.86. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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4e2ab048-9d5c-43c5-bfac-337e8752470e
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720206.0
|
2023-11-28 00:00:00 UTC
|
Down 4% This Week What's Next For Deere Stock After Downbeat 2024 Guidance?
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DE
|
https://www.nasdaq.com/articles/down-4-this-week-whats-next-for-deere-stock-after-downbeat-2024-guidance
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nan
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nan
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Deere (NYSE: DE) recently reported its Q4 fiscal 2023 results (fiscal ends in October), with revenues and earnings well above our estimates, but we believe that DE stock has only a little room for growth, as discussed below. The company reported revenue of $15.4 billion and adjusted earnings of $8.26 per share compared to the consensus estimates of $13.7 billion in sales and $7.47 earnings per share. In this note, we discuss Deere’s stock performance, key takeaways from its recent results, and valuation.
DE stock has shown strong gains of 35% from levels of $270 in early January 2021 to around $370 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period. However, the increase in DE stock has been far from consistent. Returns for the stock were 27% in 2021, 25% in 2022, and -14% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 19% in 2023 (YTD) – indicating that DE underperformed the S&P in 2023.
In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector, including UNP, BA, and UPS, and even for the megacap stars GOOG, TSLA, and MSFT.
In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could DE face a similar situation as it did in 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? From a valuation perspective, DE stock looks like it will likely see higher levels. We now estimate Deere’s Valuation to be $417 per share (versus $475 earlier), reflecting only a 12% upside from its current price of around $370. Our forecast is based on a 14x P/E multiple for DE and expected earnings of $28.75 on a per-share basis for the full fiscal 2024. The 14x P/E ratio aligns with the stock’s last three-year average. The company provided a bleak outlook for 2024, with revenues falling at least 10% for all segments and earnings estimated to be in the range of $7.75 billion and $8.25 billion, well below the consensus estimate of $9.3 billion.
Deere’s revenue of $15.4 billion in Q4 was down 1% y-o-y, as an 11% rise in construction and forestry segment sales was more than offset by a 13% fall in small agriculture and turf sales and a 6% decline in production and precision agriculture revenue. The company continued to benefit from a robust pricing environment, but agriculture equipment volume declined. Deere’s profit of $2.4 billion in Q4 2023 reflected a 5% increase from its $2.2 billion profit figure in the prior-year quarter, led by higher operating margins across segments, mainly production and precision agriculture, which saw a 300 bps y-o-y rise. The earnings per share of $8.26 was higher than the $7.44 figure in the prior year’s quarter, bolstered by a 5% fall in total shares outstanding amid share repurchases.
Looking forward, Deere expects a double-digit decline in sales for all of its manufacturing segments in 2024. This can be attributed to declining farm income. The U.S. farm income is expected to fall 25% y-o-y in 2023 after a sharp 31% rise in 2022. Deere’s business is cyclical, and its sales volume is now expected to enter mid-cycle levels after hitting a cyclical peak this year. Overall, we think that investors will likely be better off looking at other sector peers for higher gains in the long term.
While DE stock looks like it now has little room for growth, it is helpful to see how Deere’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DE Return 1% -14% 260%
S&P 500 Return 9% 19% 104%
Trefis Reinforced Value Portfolio 8% 27% 551%
[1] Month-to-date and year-to-date as of 11/23/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could DE face a similar situation as it did in 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? Deere (NYSE: DE) recently reported its Q4 fiscal 2023 results (fiscal ends in October), with revenues and earnings well above our estimates, but we believe that DE stock has only a little room for growth, as discussed below. In this note, we discuss Deere’s stock performance, key takeaways from its recent results, and valuation.
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Deere (NYSE: DE) recently reported its Q4 fiscal 2023 results (fiscal ends in October), with revenues and earnings well above our estimates, but we believe that DE stock has only a little room for growth, as discussed below. Deere’s profit of $2.4 billion in Q4 2023 reflected a 5% increase from its $2.2 billion profit figure in the prior-year quarter, led by higher operating margins across segments, mainly production and precision agriculture, which saw a 300 bps y-o-y rise. In this note, we discuss Deere’s stock performance, key takeaways from its recent results, and valuation.
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Deere (NYSE: DE) recently reported its Q4 fiscal 2023 results (fiscal ends in October), with revenues and earnings well above our estimates, but we believe that DE stock has only a little room for growth, as discussed below. Deere’s revenue of $15.4 billion in Q4 was down 1% y-o-y, as an 11% rise in construction and forestry segment sales was more than offset by a 13% fall in small agriculture and turf sales and a 6% decline in production and precision agriculture revenue. Total [2] DE Return 1% -14% 260% S&P 500 Return 9% 19% 104% Trefis Reinforced Value Portfolio 8% 27% 551% [1] Month-to-date and year-to-date as of 11/23/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere (NYSE: DE) recently reported its Q4 fiscal 2023 results (fiscal ends in October), with revenues and earnings well above our estimates, but we believe that DE stock has only a little room for growth, as discussed below. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 19% in 2023 (YTD) – indicating that DE underperformed the S&P in 2023. Deere’s revenue of $15.4 billion in Q4 was down 1% y-o-y, as an 11% rise in construction and forestry segment sales was more than offset by a 13% fall in small agriculture and turf sales and a 6% decline in production and precision agriculture revenue.
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2023-11-27 00:00:00 UTC
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2 Top Dividend Stocks to Scoop Up at a Discount
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https://www.nasdaq.com/articles/2-top-dividend-stocks-to-scoop-up-at-a-discount
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Dividend stocks are an investor's steady companion, providing a reliable income stream while laying the groundwork for long-term wealth. These stocks reward shareholders with regular cash distributions that hinge on the company's performance and growth outlook, and are often a quite popular choice during times of market turbulence or economic uncertainty.
In 2023, dividend stocks haven't always been the top pick. As the pendulum of investor interest swung rapidly from growth-fueled artificial intelligence (AI) stocks to the historically high returns on fixed income assets, for a while it seemed that dividend-paying stocks just couldn't compete. The good news is, some top-quality dividend stocks are now trading at a relative discount, opening up an inviting entry point for long-term investors.
The picks highlighted here not only offer dividend payments, they've also got the earnings to back them up - plus, they've scored “buy” ratings on Wall Street. Here are two top value stocks for dividend investors right now.
Cigna Group: Portfolio Insurance for Income Investors
Cigna Group (CI) stands out as a major player in health services, dealing in health insurance and pharmacy benefit management. Its Evernorth subsidiary is the parent of Express Scripts, specializing in pharmacy services, while Cigna Healthcare offers insurance plans via employers and government programs.
The stock hasn't had the best run in 2023, off more than 12% since the start of the year. That compares to a gain of roughly 18% for the S&P 500 Index ($SPX).
www.barchart.com
Plus, with a forward P/E ratio of 11.59 and a forward P/S of 0.44, the stock now seems undervalued relative to its healthcare sector peers.
Cigna has a respectable track record of increasing its dividends, having done so for 3 consecutive years. Offering a quarterly dividend of $1.23 per share, CI offers a forward yield of 1.7% with a manageable payout ratio of 20%, allowing room for future growth. The next ex-dividend date is Dec. 5, 2023, with dividends payable on Dec. 21.
CI has been outperforming analysts' earnings expectations consistently for the past four quarters. In Q3 2023, they reported EPS of $6.77, beating the consensus forecast by $0.11. Additionally, Cigna raised its full-year 2023 EPS guidance to $24.75, thanks to lower-than-expected costs.
Looking ahead, analysts are forecasting EPS of $24.82 for FY 2023, followed by 13.7% EPS growth in FY 2024.
www.barchart.com
The company is taking steps to fuel growth, too. Cigna just expanded their Medicare Advantage plans to Nevada, and Express Scripts has rolled out a new pricing option for prescription drugs.
Among the 19 analysts following Cigna shares, the consensus leans towards a “moderate buy.” Nine analysts call it a “strong buy,” 1 opts for a “moderate buy,” and 9 suggest "hold."
The average target price for the stock is $351.70, indicating expected 23% upside over the next 12 months.
www.barchart.com
Deere & Company: Digging for Value in the Industrial Sector
Deere & Company (DE) is a major player in farm and construction equipment, crafting a wide array of gear like tractors, harvesters, loaders, excavators, and lawnmowers. It operates through three main segments: agriculture and turf, construction and forestry, and financial services.
The agribusiness stock has underperformed this year, taking a hit of 14.5% since the start of 2023. That said, at a forward P/E of 12.43, DE is priced at a discount to most of its industrial sector peers - suggesting the stock is undervalued at current levels.
www.barchart.com
In last week's earnings report, Deere reported better-than-expected results for the fiscal fourth quarter of 2023, comfortably beating Wall Street's estimates on both the top and bottom line. Earnings of $8.26 per share were up 11% from the same period last year, while adjusted revenue for the quarter arrived at $13.8 billion.
Despite the Q4 beat, DE sold off after earnings as investors responded to a softer forecast for 2024, with the company planning to reduce production in anticipation of weaker demand.
Accordingly, analysts have modest expectations for DE's earnings growth in the years ahead. EPS is expected to drop 5.4% in fiscal 2024 before rebounding by 1.1% in fiscal 2025.
www.barchart.com
Income investors should note that DE has been growing dividends consistently for the past few years, and currently pays $1.35 per share, representing a 1.46% forward yield. Plus, Deere maintains a low 14% payout ratio, leaving plenty of room for future hikes.
Among the 20 analysts tracking Deere & Company, the consensus leans towards a “moderate buy.” Currently, 11 analysts advocate a “strong buy” while 9 have a “hold” stance. The mean target price for the stock sits at $440.03, indicating an estimated 21% upside potential over the next 12 months.
www.barchart.com
On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These stocks reward shareholders with regular cash distributions that hinge on the company's performance and growth outlook, and are often a quite popular choice during times of market turbulence or economic uncertainty. Despite the Q4 beat, DE sold off after earnings as investors responded to a softer forecast for 2024, with the company planning to reduce production in anticipation of weaker demand. Dividend stocks are an investor's steady companion, providing a reliable income stream while laying the groundwork for long-term wealth.
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Offering a quarterly dividend of $1.23 per share, CI offers a forward yield of 1.7% with a manageable payout ratio of 20%, allowing room for future growth. Among the 19 analysts following Cigna shares, the consensus leans towards a “moderate buy.” Nine analysts call it a “strong buy,” 1 opts for a “moderate buy,” and 9 suggest "hold." Dividend stocks are an investor's steady companion, providing a reliable income stream while laying the groundwork for long-term wealth.
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Cigna Group: Portfolio Insurance for Income Investors Cigna Group (CI) stands out as a major player in health services, dealing in health insurance and pharmacy benefit management. Offering a quarterly dividend of $1.23 per share, CI offers a forward yield of 1.7% with a manageable payout ratio of 20%, allowing room for future growth. EPS is expected to drop 5.4% in fiscal 2024 before rebounding by 1.1% in fiscal 2025. www.barchart.com Income investors should note that DE has been growing dividends consistently for the past few years, and currently pays $1.35 per share, representing a 1.46% forward yield.
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Here are two top value stocks for dividend investors right now. Offering a quarterly dividend of $1.23 per share, CI offers a forward yield of 1.7% with a manageable payout ratio of 20%, allowing room for future growth. Accordingly, analysts have modest expectations for DE's earnings growth in the years ahead.
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2023-11-26 00:00:00 UTC
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The Future of Farming: 3 AgriTech Stocks to Grow Substantial Profits
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https://www.nasdaq.com/articles/the-future-of-farming%3A-3-agritech-stocks-to-grow-substantial-profits
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The rapidly evolving AgriTech sector, driven by the widespread adoption of precision farming and advanced internet-based data management systems, continues to reshape agriculture. That transformation is evident in its anticipated market size, which could surpass a remarkable $75.87 billion by 2032, expanding at a rapid 13.1%. The growth trajectory places AgriTech stocks in the spotlight, attracting significant investor interest.
Central to this burgeoning market is the role of rapid digitalization in agriculture, enhancing connectivity among farmers and catalyzing the adoption of advanced technologies. The shift is spurring investments in agricultural biotechnology and building innovative farming systems, driven by the growing presence of AgriTech companies and a focus on sensor technologies.
The trend is further fueled by technological innovations like Deere’s (NYSE:DE) fully autonomous tractor. Developed after extensive real-farm testing, such advancements are not just futuristic concepts, but present-day realities driving the sector forward and reaping the rewards in the process.
Trimble (TRMB)
Source: Tada Images / Shutterstock.com
Trimble (NASDAQ:TRMB), a leader in precision farming, is making significant strides in the tech world. With its recent joint venture with AGCO (NYSE:AGCO), the partnership is expected to generate a robust $3 billion in value, reflecting Trimble’s growing influence and financial prowess.
Moreover, Trimble is shaking up agricultural data management with its new Trimble Agriculture Software-Data user license, turbocharging farmers’ ability to handle precision agricultural data efficiently. In a parallel tech leap, the company’s integration with Microsoft 365 and BIMcollab is transforming project management in its niche, which should lead to more effective streamlining of workflows and supercharging real-time data sharing.
Financially, Trimble recorded a tremendous revenue bump to $957 million, up 8% year-over-year, and a solid net income of $74.9 million in the third quarter. Anticipating continued growth, Trimble projects a 2023 revenue between $3.75 billion and $3.79 billion. Matching this upbeat outlook, TipRanks analysts foresee a robust 27.6% stock upside, spotlighting Trimble’s dynamic growth and profitability.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
Deere is making substantial strides in the AgriTech sector, propelled by rising food prices that have spurred an increase in farming activities. The company recently reported a remarkable 12% increase in sales and a whopping 58% surge in net income year-over-year, reaching a total of $2.98 billion. These figures underscore Deere’s strong financial influence.
Moreover, Deere is at the forefront of tech-agriculture fusion with its ExactShot technology. It is effectively revolutionizing farming, targeting areas precisely and potentially slashing fertilizer costs by 60%. Additionally, Deere anticipates a robust 10% rise in sales of large agricultural equipment in the U.S. and Canada in fiscal 2023, mirroring the impressive demand in this sector.
Furthermore, analysts at TipRanks are optimistic about Deere’s prospects, giving it a Moderate Buy rating with a potential 18% upside. Additionally, with an attractive dividend yield of 1.32% and trading at an appealing 1.96 times forward sales estimates, Deere represents a compelling investment opportunity.
Nutrien (NTR)
Source: Pavel Kapysh/ShutterStock.com
Nutrien (NYSE:NTR), a Canadian powerhouse in the fertilizer industry, stands as the world’s largest producer of potash and the third largest in nitrogen fertilizer. Boasting over 2,000 retail locations across North America, South America and Australia, Nutrien stands as both a manufacturing behemoth and a frontrunner in cutting-edge agricultural technologies.
Strategically expanding, Nutrien is set to boost its annual potash production to 18 million tonnes by 2025, aiming to address global supply gaps and burgeoning demands. Simultaneously, it is diving headfirst into sustainability, venturing to construct the world’s largest clean ammonia facility in Louisiana, a testament to its commitment to eco-friendly practices and plans for carbon capture advancement.
Furthermore, Nutrien surged with an impressive $1.1 billion adjusted EBITDA, totaling $5 billion over nine months. The company’s revenue hit a high of $5.37 billion, with a forward yield of 3.75%, showcasing steady profitability. Concurrently, a Moderate Buy rating from TipRanks analysts predicting a 32% upside potential demonstrates the stock’s potential in the global fertilizer market.
On the date of publication, Muslim Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post The Future of Farming: 3 AgriTech Stocks to Grow Substantial Profits appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rapidly evolving AgriTech sector, driven by the widespread adoption of precision farming and advanced internet-based data management systems, continues to reshape agriculture. That transformation is evident in its anticipated market size, which could surpass a remarkable $75.87 billion by 2032, expanding at a rapid 13.1%. The trend is further fueled by technological innovations like Deere’s (NYSE:DE) fully autonomous tractor.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rapidly evolving AgriTech sector, driven by the widespread adoption of precision farming and advanced internet-based data management systems, continues to reshape agriculture. Trimble (TRMB) Source: Tada Images / Shutterstock.com Trimble (NASDAQ:TRMB), a leader in precision farming, is making significant strides in the tech world. Concurrently, a Moderate Buy rating from TipRanks analysts predicting a 32% upside potential demonstrates the stock’s potential in the global fertilizer market.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rapidly evolving AgriTech sector, driven by the widespread adoption of precision farming and advanced internet-based data management systems, continues to reshape agriculture. Deere (DE) Source: Jim Lambert / Shutterstock.com Deere is making substantial strides in the AgriTech sector, propelled by rising food prices that have spurred an increase in farming activities. That transformation is evident in its anticipated market size, which could surpass a remarkable $75.87 billion by 2032, expanding at a rapid 13.1%.
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Deere (DE) Source: Jim Lambert / Shutterstock.com Deere is making substantial strides in the AgriTech sector, propelled by rising food prices that have spurred an increase in farming activities. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rapidly evolving AgriTech sector, driven by the widespread adoption of precision farming and advanced internet-based data management systems, continues to reshape agriculture. That transformation is evident in its anticipated market size, which could surpass a remarkable $75.87 billion by 2032, expanding at a rapid 13.1%.
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2023-11-26 00:00:00 UTC
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10 Surprising Artificial Intelligence (AI) Stocks You Should Consider
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https://www.nasdaq.com/articles/10-surprising-artificial-intelligence-ai-stocks-you-should-consider
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Let's talk about AI -- not the sci-fi kind, but the real-deal artificial intelligence that's powering some of the most exciting companies in the stock market today.
In this listicle, I'll highlight a mix of familiar faces and some you might not expect, either driving the AI conversation or simply making great use of AI tools. From self-driving cars to smarter streaming, let's uncover how these companies are using AI to not just keep up but stand out in the competitive business world.
COMPANY INDUSTRY PERFORMANCE IN 2023 MARKET CAP
S&P 500 (SNPINDEX: ^GSPC) Market index (for your reference) 14% $42.3 trillion total
Roku (NASDAQ: ROKU) Media-streaming platforms 135% $13.6 billion
Fiverr International (NYSE: FVRR) Freelance services marketplace (21%) $0.9 billion
SoFi (NASDAQ: SOFI) Financial services 49% $6.6 billion
Walgreens Boots Alliance (NASDAQ: WBA) Pharmacy retail (44%) $18.0 billion
Netflix (NASDAQ: NFLX) Media-streaming services 63% $210.0 billion
Tesla (NASDAQ: TSLA) Electric vehicles & energy 91% $747.9 billion
John Deere (NYSE: DE) Agricultural equipment (14%) $106.5 billion
JPMorgan Chase (NYSE: JPM) Banking & finance 15% $445.6 billion
Coca-Cola (NYSE: KO) Beverages (8%) $253.1 billion
Nike (NYSE: NKE) Athletic apparel (8%) $164.1 billion
Data collected from Finviz.com on Nov 24, 2023.
Roku: AI-powered content search and advertising
The streaming technology expert uses machine learning to suggest what each user might want to watch next. The company also drives both the sales and display of advertising spots with AI tools, starting with the dataxu buyout in 2019.
Fiverr: Using and reselling AI services
Many investors see generative AI as a threat to Fiverr's business model, since anyone can create AI-generated text, images, and even music. However, getting good results from generative AI requires giving the AI system great instructions and sifting the best results from a plethora of uninspired or factually incorrect results. So Fiverr is helping freelancers find new work in that burgeoning industry, and the company is using AI to boost its own productivity.
"Because of new technologies, because of AI, our team is much more effective," Fiverr CEO Micha Kaufman said at a recent industry conference. "I told my R&D team that I expect them to produce 30% more code this year already."
SoFi: Pioneering AI in finance
Like most banks nowadays, SoFi relies on sophisticated AI analysis in many ways. From fraud detection and automated financial advisors to chatbots in customer service and instant loan approvals, SoFi does it all. And its mobile app for consumer-grade financial services includes the Konecta digital assistant. This chatbot was developed by Galileo Financial Technologies, which SoFi acquired in 2020. Like Roku, SoFi took action on the upcoming AI opportunity long before it was cool.
Walgreens: AI's role in modern retail
The convenience store and pharmacy operator encounters millions of daily customers across a massive store network, generating tons of valuable transaction and customer information. The company started applying machine learning analysis to this intellectual treasure trove in 2017 to create tailor-made marketing messages in each store's hyper-local market. Now, the company uses demand forecasting tools from Zebra Technologies (NASDAQ: ZBRA) to fine-tune its messaging even further.
"Prior to the advent of AI, demand planning around a single SKU might have been as simple as pulling in three internal/external variables," according to a case study from Zebra. "Today, it could potentially take into account 50 or more -- a monumental task for any human analyst to sift through at Walgreens' scale."
Netflix: Hollywood or Silicon Valley?
Netflix was always based on a rock-solid technical foundation. Co-founder and longtime CEO Reed Hastings started his careeer in software debugging and data analysis, and the lessons learned there always informed his management of the media-streaming giant. The company once ran a million-dollar developer competition to come up with a better content recommendation engine. The winning results were never used directly, but the contest generated entirely new AI methods and delivered game-changing insights on binge-watching. And if you want to learn something you didn't know about AI technology, the publicly available Netflix Tech Blog provides hours of bleeding-edge fun. In short, AI is in this innovator's DNA.
Tesla: At the intersection of AI and EV
Self-driving cars epitomize the idea of artificial intelligence. When your car can get from point A to point B both faster and more safely than any human driver, while avoiding every possible challenge and traffic condition along the road, that'll be a big win for machine learning. Tesla isn't there quite yet, but its self-driving platform grows more sophisticated every day. Moreover, the company is working on humanoid robots, its own AI analysis semiconductors, and a world-class AI-training supercomputer called Dojo.
John Deere: Sowing the seeds of agricultural AI
Now I'm really off in the left field. AI and farming go together like lamb and tuna, right? Well, John Deere disagrees. The farming equipment veteran has developed fully automated tractors, harvesting combines, and more. Autonomous driving is not limited to highways and back roads anymore. The fully autonomous gear is not available on the open market yet, but John Deere is taking this AI-driven opportunity seriously.
JPMorgan: Financial AI on a global scale
Like SoFi, JPMorgan includes AI tools behind the scenes in many ways. Its massive scale and incredibly deep pockets give this megabank the freedom to lead research into many potentially game-changing financial technologies today. Current projects include synthetic data sets for stress-testing real-world banking systems, advanced financial crime safeguards, and AI-powered cryptography solutions. "AI and the raw material that feeds it, data, will be critical to our company's future success -- the importance of implementing new technologies simply cannot be overstated," CEO Jamie Dimon said in the company's latest annual report.
Coca-Cola: Refreshing marketing, automated distribution
AI's impact extends far beyond tech firms, reshaping traditional industries like Coca-Cola's. Their AI-powered "Create Real Magic" marketing campaign exemplifies a shift toward personalized consumer interaction, inviting everyone to tell the Coke story with AI-infused tools. Beyond sales and marketing, Coca-Cola also leverages AI for internal efficiencies in data management and supply chain. This AI integration benefits not only Coca-Cola but also partners like Monster Beverage (NASDAQ: MNST), improving bottling and distribution across the global system.
Nike: Making AI leaps forward
Finally, shoe and apparel titan Nike is no stranger to high-tech innovation. The company bought data analytics expert Zodiac in 2018, aiming to improve its customer relationships. To find the best fit for your feet, Nike offers an augmented reality app with machine learning smarts. A partnership with technology consulting giant Cognizant (NASDAQ: CTSH) will bring "hyper-automation, AI, and process reengineering" into the shoe giant's global operations.
This whirlwind trip across many sectors reveals AI's transformative impact, not as a future possibility but as a current reality. Investors should consider how AI might change the game in pretty much every corner of Wall Street. The future of AI is ripe with possibilities, awaiting discovery by those with a keen eye for technology's evolving role.
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JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Anders Bylund has positions in Fiverr International, Netflix, and Roku. The Motley Fool has positions in and recommends Fiverr International, JPMorgan Chase, Monster Beverage, Netflix, Nike, Roku, Tesla, and Zebra Technologies. The Motley Fool recommends Cognizant Technology Solutions and Deere and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Co-founder and longtime CEO Reed Hastings started his careeer in software debugging and data analysis, and the lessons learned there always informed his management of the media-streaming giant. Current projects include synthetic data sets for stress-testing real-world banking systems, advanced financial crime safeguards, and AI-powered cryptography solutions. Let's talk about AI -- not the sci-fi kind, but the real-deal artificial intelligence that's powering some of the most exciting companies in the stock market today.
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S&P 500 (SNPINDEX: ^GSPC) Market index (for your reference) 14% $42.3 trillion total Roku (NASDAQ: ROKU) Media-streaming platforms 135% $13.6 billion Fiverr International (NYSE: FVRR) Freelance services marketplace (21%) $0.9 billion SoFi (NASDAQ: SOFI) Financial services 49% $6.6 billion Walgreens Boots Alliance (NASDAQ: WBA) Pharmacy retail (44%) $18.0 billion Netflix (NASDAQ: NFLX) Media-streaming services 63% $210.0 billion Tesla (NASDAQ: TSLA) Electric vehicles & energy 91% $747.9 billion John Deere (NYSE: DE) Agricultural equipment (14%) $106.5 billion JPMorgan Chase (NYSE: JPM) Banking & finance 15% $445.6 billion Coca-Cola (NYSE: KO) Beverages (8%) $253.1 billion Nike (NYSE: NKE) Athletic apparel (8%) $164.1 billion Data collected from Finviz.com on Nov 24, 2023. The Motley Fool recommends Cognizant Technology Solutions and Deere and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and long January 2025 $47.50 calls on Nike. Let's talk about AI -- not the sci-fi kind, but the real-deal artificial intelligence that's powering some of the most exciting companies in the stock market today.
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S&P 500 (SNPINDEX: ^GSPC) Market index (for your reference) 14% $42.3 trillion total Roku (NASDAQ: ROKU) Media-streaming platforms 135% $13.6 billion Fiverr International (NYSE: FVRR) Freelance services marketplace (21%) $0.9 billion SoFi (NASDAQ: SOFI) Financial services 49% $6.6 billion Walgreens Boots Alliance (NASDAQ: WBA) Pharmacy retail (44%) $18.0 billion Netflix (NASDAQ: NFLX) Media-streaming services 63% $210.0 billion Tesla (NASDAQ: TSLA) Electric vehicles & energy 91% $747.9 billion John Deere (NYSE: DE) Agricultural equipment (14%) $106.5 billion JPMorgan Chase (NYSE: JPM) Banking & finance 15% $445.6 billion Coca-Cola (NYSE: KO) Beverages (8%) $253.1 billion Nike (NYSE: NKE) Athletic apparel (8%) $164.1 billion Data collected from Finviz.com on Nov 24, 2023. Fiverr: Using and reselling AI services Many investors see generative AI as a threat to Fiverr's business model, since anyone can create AI-generated text, images, and even music. JPMorgan: Financial AI on a global scale Like SoFi, JPMorgan includes AI tools behind the scenes in many ways.
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The fully autonomous gear is not available on the open market yet, but John Deere is taking this AI-driven opportunity seriously. Find out why Tesla is one of the 10 best stocks to buy now Our analyst team has spent more than a decade beating the market. Let's talk about AI -- not the sci-fi kind, but the real-deal artificial intelligence that's powering some of the most exciting companies in the stock market today.
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2c648bc5-d44f-43fe-b2bb-0e776ae608a0
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720210.0
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2023-11-24 00:00:00 UTC
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John Deere's Q4 Earnings Beat, View Weak: ETFs in Focus
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https://www.nasdaq.com/articles/john-deeres-q4-earnings-beat-view-weak%3A-etfs-in-focus
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The world’s largest agricultural equipment maker under the iconic John Deere brand, Deere & Co DE, reported robust fourth-quarter fiscal 2023 results, beating estimates on both counts.
Despite the solid results, Deere shares dropped 3.1% on the day on a disappointing outlook for fiscal 2024 profits amid concerns about slowing equipment demand. This has put ETFs with the largest allocation to this farm equipment giant in focus. These funds include iShares MSCI Agriculture Producers ETF VEGI, Strive FAANG 2.0 ETF FTWO, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO and VanEck Future of Food ETF YUMY.
Deere’s earnings per share came in at $8.26, well above the Zacks Consensus Estimate of $7.49 and up 11% from the year-ago earnings. Total net revenues decreased 4% year over year to $13.8 billion but beat the Zacks Consensus Estimate of $13.6 billion.
For fiscal 2024, the farm equipment giant expects net income between $7.75 billion and $8.25 billion, significantly lower than $10.2 billion in fiscal 2023. It expects net sales for Production & Precision Agriculture to be down 15-20% year over year in fiscal 2024, with declines of 10% to 15% for Small Agriculture & Turf and 10% for Construction & Forestry. The Financial Services segment's net income is anticipated to be around $770 million.
iShares MSCI Global Agriculture Producers ETF (VEGI)
iShares MSCI Agriculture Producers ETF provides global exposure to the companies that produce fertilizers and agricultural chemicals, farm machinery, packaged foods and meats by tracking the MSCI ACWI Select Agriculture Producers Investable Market Index. Holding 154 stocks in its basket, Deere takes the top spot at 22% share. American firms account for 61% of the assets, while Canada, India and Norway round off the next three spots.
iShares MSCI Agriculture Producers ETF is less popular and illiquid, with $171.2 million in AUM and around 35,000 shares in an average daily volume. It charges 39 bps in fees per year from investors (see: all Materials ETFs here).
First Trust Indxx Global Agriculture ETF (FTAG)
First Trust Indxx Global Agriculture ETF follows the Indxx Global Agriculture Index, which is a market-capitalization weighted index designed to measure the performance of companies, directly or indirectly engaged in improving agricultural yields. It holds 50 stocks in its basket, with John Deere occupying the top position at 9.9%. From the perspective of industrial exposure, materials takes the largest share at 48.8%, followed by 31.2% in industrials and 7.8% in consumer staples. Here again, the United States is the top country with a 31.2% share, while Germany takes a 19% share.
First Trust Indxx Global Agriculture ETF is an overlooked ETF, having accumulated $12.1 million in AUM and trading in an average daily volume of about 6,000 shares. It charges 70 bps in annual fees.
Strive FAANG 2.0 ETF (FTWO)
Strive FAANG 2.0 ETF follows the Bloomberg FAANG 2.0 Select Index and offers exposure to companies that are engaged in national security and natural resource security. It holds 52 stocks in its basket, with Deere occupying the top position at 8.4%.
Strive FAANG 2.0 ETF has accumulated $2.9 million in its asset base and trades in an average daily volume of 1,000 shares. It charges 49 bps in fees per year from investors.
VanEck Vectors Agribusiness ETF (MOO)
VanEck Agribusiness ETF is by far the most popular choice in the space, with an AUM of about $934.8 million and an average daily volume of 65,000 shares. It tracks the MVIS Global Agribusiness Index, which offers exposure to companies involved in agri-chemicals, animal health and fertilizers, seeds and traits, farm/irrigation equipment and farm machinery, aquaculture and fishing, livestock, cultivation and plantations, and trading of agricultural products.
VanEck Agribusiness ETF holds 60 securities in its basket, with John Deere capturing the third position with an 8.2% share. It charges 53 bps in annual fees (read: 5 ETFs Worthy of Special Thanks in 2023).
VanEck Future of Food ETF (YUMY)
VanEck Future of Food ETF is an actively managed ETF that seeks long-term capital appreciation by investing in companies engaged in Agri-Food technology and innovation, which encompasses industries and companies that are leading, enabling, supplying, disrupting, or benefiting from new environmentally sustainable agriculture and food products and services. It holds 43 stocks in its basket, with Deere taking the second spot at 6.1%. American firms dominate the portfolio with a 50.9% share.
VanEck Future of Food ETF has been able to manage $3.1 million in its asset base while trading in a volume of 1,000 shares per day on average. It charges 69 bps in fees per year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
VanEck Agribusiness ETF (MOO): ETF Research Reports
iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports
First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports
VanEck Future of Food ETF (YUMY): ETF Research Reports
Strive FAANG 2.0 ETF (FTWO): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the solid results, Deere shares dropped 3.1% on the day on a disappointing outlook for fiscal 2024 profits amid concerns about slowing equipment demand. It tracks the MVIS Global Agribusiness Index, which offers exposure to companies involved in agri-chemicals, animal health and fertilizers, seeds and traits, farm/irrigation equipment and farm machinery, aquaculture and fishing, livestock, cultivation and plantations, and trading of agricultural products. The world’s largest agricultural equipment maker under the iconic John Deere brand, Deere & Co DE, reported robust fourth-quarter fiscal 2023 results, beating estimates on both counts.
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These funds include iShares MSCI Agriculture Producers ETF VEGI, Strive FAANG 2.0 ETF FTWO, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO and VanEck Future of Food ETF YUMY. iShares MSCI Agriculture Producers ETF provides global exposure to the companies that produce fertilizers and agricultural chemicals, farm machinery, packaged foods and meats by tracking the MSCI ACWI Select Agriculture Producers Investable Market Index. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report VanEck Agribusiness ETF (MOO): ETF Research Reports iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports VanEck Future of Food ETF (YUMY): ETF Research Reports Strive FAANG 2.0 ETF (FTWO): ETF Research Reports To read this article on Zacks.com click here.
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These funds include iShares MSCI Agriculture Producers ETF VEGI, Strive FAANG 2.0 ETF FTWO, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO and VanEck Future of Food ETF YUMY. iShares MSCI Agriculture Producers ETF provides global exposure to the companies that produce fertilizers and agricultural chemicals, farm machinery, packaged foods and meats by tracking the MSCI ACWI Select Agriculture Producers Investable Market Index. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report VanEck Agribusiness ETF (MOO): ETF Research Reports iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports VanEck Future of Food ETF (YUMY): ETF Research Reports Strive FAANG 2.0 ETF (FTWO): ETF Research Reports To read this article on Zacks.com click here.
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These funds include iShares MSCI Agriculture Producers ETF VEGI, Strive FAANG 2.0 ETF FTWO, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO and VanEck Future of Food ETF YUMY. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report VanEck Agribusiness ETF (MOO): ETF Research Reports iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports VanEck Future of Food ETF (YUMY): ETF Research Reports Strive FAANG 2.0 ETF (FTWO): ETF Research Reports To read this article on Zacks.com click here. The world’s largest agricultural equipment maker under the iconic John Deere brand, Deere & Co DE, reported robust fourth-quarter fiscal 2023 results, beating estimates on both counts.
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eb48215a-235e-4930-b4cb-956a7782b287
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720211.0
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2023-11-22 00:00:00 UTC
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Wall St climbs before holiday; investors optimistic Fed done hiking rates
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https://www.nasdaq.com/articles/wall-st-climbs-before-holiday-investors-optimistic-fed-done-hiking-rates
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By Caroline Valetkevitch
NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient.
Economic reports on jobless claims, durable goods, and consumer sentiment seemed to suggest the economy is easing but may stay strong enough to avoid recession.
Datashowed the number of Americans filing new claims for unemployment benefits fell more than expected last week.
Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy.
Still, stocks have risen sharply in recent weeks on the view the Fed is done hiking rates.
"Overall you have a solid backdrop to the market," said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina.
"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
She said stocks tend to rise just before the U.S. Thanksgiving holiday and also rally heading into year-end. The market will be closed on Thursday for Thanksgiving.
The Dow Jones Industrial Average .DJI rose 184.74 points, or 0.53%, to 35,273.03, the S&P 500 .SPX gained 18.43 points, or 0.41%, at 4,556.62 and the Nasdaq Composite .IXIC added 65.88 points, or 0.46%, at 14,265.86.
Big tech-related shares were among those giving the S&P 500 its biggest boost. Communication services .SPLRCLrose 0.9%, leading S&P 500 gains in all sectors except for energy .SPNY, which fell 0.1%.
Among the day's negatives, Nvidia's NVDA.O shares fell 2.5%, a day after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China.
Among other big movers, Deere & CoDE.N shares dropped 3.1% after the farm equipment maker forecast 2024 profit below analysts' estimates.
Volume on U.S. exchanges was 8.57 billion shares, compared with the 10.82 billion average for the full session over the last 20 trading days.
Advancing issues outnumbered decliners on the NYSE by a 1.97-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored advancers.
The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 89 new highs and 104 new lows.
S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG
(Reporting by Caroline Valetkevitch; additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang)
((caroline.valetkevitch@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. "The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." The Dow Jones Industrial Average .DJI rose 184.74 points, or 0.53%, to 35,273.03, the S&P 500 .SPX gained 18.43 points, or 0.41%, at 4,556.62 and the Nasdaq Composite .IXIC added 65.88 points, or 0.46%, at 14,265.86.
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Among the day's negatives, Nvidia's NVDA.O shares fell 2.5%, a day after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 89 new highs and 104 new lows. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Caroline Valetkevitch; additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang) ((caroline.valetkevitch@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." Among the day's negatives, Nvidia's NVDA.O shares fell 2.5%, a day after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Caroline Valetkevitch; additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang) ((caroline.valetkevitch@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." Among the day's negatives, Nvidia's NVDA.O shares fell 2.5%, a day after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient.
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32c6bee4-09d8-4607-a6a6-7e012047deed
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720212.0
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2023-11-22 00:00:00 UTC
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US STOCKS-Wall St ends up before holiday; investors optimistic Fed done raising rates
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https://www.nasdaq.com/articles/us-stocks-wall-st-ends-up-before-holiday-investors-optimistic-fed-done-raising-rates
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By Caroline Valetkevitch
NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient.
Economic datashowed the number of Americans filing new claims for unemployment benefits fell more than expected last week. Separately, U.S. consumers' inflation expectations rose ina survey for a second straight month in November.
Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy.
Still, stocks have risen sharply in recent weeks on the view that Fed is done hiking rates.
"Overall you have a solid backdrop to the market," said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina.
"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
She said stocks tend to rise just before the U.S. Thanksgiving holiday and also to rally heading into year-end. The market will be closed on Thursday for Thanksgiving.
According to preliminary data, the S&P 500 .SPX gained 18.41 points, or 0.41%, to end at 4,556.42 points, while the Nasdaq Composite .IXIC gained 65.88 points, or 0.46%, to 14,265.86. The Dow Jones Industrial Average .DJI rose 182.27 points, or 0.52%, to 35,270.56.
Communication services .SPLRCLled S&P 500 sector gains.
Among the day's negatives, Nvidia's NVDA.O shares fell after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China.
Among other major movers, Deere & CoDE.N shares were down after the farm equipment maker forecast 2024 profit below analysts' estimates.
S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG
(Reporting by Caroline Valetkevitch; additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang)
((caroline.valetkevitch@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. Among the day's negatives, Nvidia's NVDA.O shares fell after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. "The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
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S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Caroline Valetkevitch; additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang) ((caroline.valetkevitch@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. "The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
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"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Caroline Valetkevitch; additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang) ((caroline.valetkevitch@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient.
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"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. Among the day's negatives, Nvidia's NVDA.O shares fell after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China.
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df55c762-2912-4257-b3bf-b3d67c16b9d2
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720213.0
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2023-11-22 00:00:00 UTC
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US STOCKS-Wall St gain before holiday, investors optimistic Fed done raising rates
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https://www.nasdaq.com/articles/us-stocks-wall-st-gain-before-holiday-investors-optimistic-fed-done-raising-rates
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By Caroline Valetkevitch
NEW YORK, Nov 22 (Reuters) - U.S. stocks rose on Wednesday as investors were optimistic the Federal Reserve may be done raising interest rates and that the economy is still resilient.
Among the day's economic data, the number of Americans filing new claims for unemployment benefits fell more than expected last week. Separately, a survey showed U.S. consumers' inflation expectations rose for a second straight month in November.
Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy.
Still, stocks have risen sharply in recent weeks on the view that Fed is done hiking rates.
"Overall you have a solid backdrop to the market," said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina.
"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
She said stocks tend to rise just before the Thanksgiving holiday and also to rally heading into year-end. The market will be closed on Thursday for the U.S. Thanksgiving Day holiday.
The technology sector .SPLRCT was up 0.2%, while communication services .SPLRCL rose 0.7%.
Among the day's negatives, Nvidia's NVDA.O shares fell 2.2% after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China.
Among other major movers, Deere & CoDE.Nshares were down after the farm equipment maker forecast 2024 profit below analysts' estimates. Peer Caterpillar CAT.N also fell 1.7%.
Advancing issues outnumbered decliners on the NYSE by a 1.46-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored advancers.
The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 80 new highs and 89 new lows.
S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG
(Additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang)
((caroline.valetkevitch@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks rose on Wednesday as investors were optimistic the Federal Reserve may be done raising interest rates and that the economy is still resilient. Among the day's negatives, Nvidia's NVDA.O shares fell 2.2% after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. "The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
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Advancing issues outnumbered decliners on the NYSE by a 1.46-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored advancers. By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks rose on Wednesday as investors were optimistic the Federal Reserve may be done raising interest rates and that the economy is still resilient. "The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market."
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"The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." Among the day's negatives, Nvidia's NVDA.O shares fell 2.2% after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Additional reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang) ((caroline.valetkevitch@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. stocks rose on Wednesday as investors were optimistic the Federal Reserve may be done raising interest rates and that the economy is still resilient. "The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market." Among the day's negatives, Nvidia's NVDA.O shares fell 2.2% after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China.
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cd17d7c9-fdc5-4376-9621-69867df06c96
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720214.0
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2023-11-22 00:00:00 UTC
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Plowing ahead: John Deere's crop of success in turbulent markets
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https://www.nasdaq.com/articles/plowing-ahead%3A-john-deeres-crop-of-success-in-turbulent-markets
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John Deere & Company (NYSE: DE), a leader in agricultural machinery and construction equipment, recently announced its third-quarter results, offering insights into its steadfast growth trajectory amid a dynamicglobal market
John Deere's 180-year legacy has continually redefined farming practices and industry norms, setting benchmarks through innovation and commitment to customer-centric solutions.
Unearthing John Deere's market roots
Since its inception in 1837 with the groundbreaking invention of the polished steel plow, John Deere has evolved into the global leader within the agricultural sector.
Its stock market history has been peppered with noteworthy and steady growth over the past 10 years, interspersed with volatile market fluctuations. However, the company's unwavering focus on enhancing shareholder value has remained consistent, exemplified by its dividend growth. John Deere's dividend has seen consistent increases for over three years.
Global agricultural machinery market analysis
The global agricultural machinery market should reach $296.61 billion by 2030, with a projected compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. Asia Pacific leads this market, constituting 36% in 2022. Burgeoning demands for food and agricultural products primarily propel this growth.
Q3 results and financial performance
In the third quarter of 2023, John Deere unveiled a notable 65% year-over-year surge in net income, reaching an impressive $10.2 per share. However, a closer look reveals a complicated picture. A one-time accounting gain notably influenced John Deere's surge. When evaluating this underlying basis, the company experienced a 10% decline in net income during this period.
Projections for Q4 2023 anticipate a marginal earnings dip to $6.84 per share, accompanied by an expected 9.3% annual revenue downturn to $12.44 billion. However, CEO John May's enduring optimism remains steadfast, rooted in positive industry fundamentals within farming and construction sectors, bolstering Deere's "smart industrial operating model" committed to delivering exceptional customer value.
Assessing John Deere's Q3 performance
John Deere's Q3 2023 report garnered a varied response within the market circles. The surge in net sales by 12% has received praise and indicates robust top-line growth. This top-line growth resonated positively among investors. However, the simultaneous revelation of a 10% decrease in net income on an underlying basis was a cause for concern, casting a shadow over the overall financial health.
Much of the market's response was influenced by the company's Q4 2023 guidance, predicting a slight decline in earnings alongside a significant annual revenue downturn of 9.3%. Such projections hinted at a potential slowdown in demand, stirring unease among investors regarding the company's near-term prospects.
The market's cautious reaction stemmed from various factors:
Underlying profitability concerns: The one-time accounting gain in Q3 2023 hinted that the company's profitability might not be as robust as initially perceived.
Anticipated demand slowdown: The forecast for Q4 2023 suggests a forthcoming dip in demand, raising uncertainties about the company's growth trajectory.
Global economic headwinds: The broader economic climate, marked by rising interest rates and inflation, presents additional challenges to sustaining demand for John Deere's offerings.
However, amid these market concerns, optimism persists. John Deere is dominant in the global agricultural machinery market and is projected to maintain steady growth in the upcoming years. The company's substantial investments in cutting-edge technologies like precision agriculture and autonomous vehicles promise to fortify its competitive stance.
John Deere's market share and environmental impact
As the world's largest distributor of agricultural machinery, John Deere commands aglobal marketshare of 25.3%. Its robust presence in North America highlights thisglobal marketshare, where John Deere claims over 40% of the total market. The company's relentless focus on innovation and customer satisfaction has steadily fortified its market share globally and in the United States.
Moreover, John Deere is committed to reducing its environmental footprint, setting ambitious goals to curtail carbon emissions, water usage and waste. The company has developed innovative technologies, such as precision agriculture solutions, to enhance resource efficiency while working on electric and autonomous machinery prototypes to minimize their environmental impact.
Forging ahead: John Deere's vision for the future
John Deere's future outlook is poised for transformation, fueled by a commitment to innovation and sustainability. The company's strategic initiatives and tech investments steer it toward promising horizons.
Investments in automation and robotics have yielded revolutionary advancements, including autonomous tractors and robotic milking machines. These innovations aren't merely technological feats; they promise heightened efficiency and productivity in farming operations, setting a new standard for the industry.
Leveraging AI and machine learning, John Deere pioneers precision agriculture technologies. These cutting-edge solutions optimize resource utilization, elevating crop yields while aligning with the company's robust sustainability goals.
Combatting industry cyclicality and supply chain disruptions, John Deere deploys diverse strategies. Expanding into burgeoning sectors like construction and forestry equipment diversifies its portfolio.
Strengthening supply chain resilience remains pivotal, marked by deeper supplier relationships and investments in advanced manufacturing technologies. The company's adept price hedging strategies buffer against fluctuating commodity prices.
As John Deere charts its course forward, these strategic initiatives and technological leaps underscore the company's resolve to overcome challenges, solidifying its standing as an industry trailblazer poised for a resilient and innovative future.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, John Deere is committed to reducing its environmental footprint, setting ambitious goals to curtail carbon emissions, water usage and waste. The company has developed innovative technologies, such as precision agriculture solutions, to enhance resource efficiency while working on electric and autonomous machinery prototypes to minimize their environmental impact. As John Deere charts its course forward, these strategic initiatives and technological leaps underscore the company's resolve to overcome challenges, solidifying its standing as an industry trailblazer poised for a resilient and innovative future.
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A one-time accounting gain notably influenced John Deere's surge. However, CEO John May's enduring optimism remains steadfast, rooted in positive industry fundamentals within farming and construction sectors, bolstering Deere's "smart industrial operating model" committed to delivering exceptional customer value. John Deere & Company (NYSE: DE), a leader in agricultural machinery and construction equipment, recently announced its third-quarter results, offering insights into its steadfast growth trajectory amid a dynamicglobal market John Deere's 180-year legacy has continually redefined farming practices and industry norms, setting benchmarks through innovation and commitment to customer-centric solutions.
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John Deere & Company (NYSE: DE), a leader in agricultural machinery and construction equipment, recently announced its third-quarter results, offering insights into its steadfast growth trajectory amid a dynamicglobal market John Deere's 180-year legacy has continually redefined farming practices and industry norms, setting benchmarks through innovation and commitment to customer-centric solutions. Unearthing John Deere's market roots Since its inception in 1837 with the groundbreaking invention of the polished steel plow, John Deere has evolved into the global leader within the agricultural sector. John Deere's market share and environmental impact As the world's largest distributor of agricultural machinery, John Deere commands aglobal marketshare of 25.3%.
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John Deere's market share and environmental impact As the world's largest distributor of agricultural machinery, John Deere commands aglobal marketshare of 25.3%. John Deere & Company (NYSE: DE), a leader in agricultural machinery and construction equipment, recently announced its third-quarter results, offering insights into its steadfast growth trajectory amid a dynamicglobal market John Deere's 180-year legacy has continually redefined farming practices and industry norms, setting benchmarks through innovation and commitment to customer-centric solutions. Unearthing John Deere's market roots Since its inception in 1837 with the groundbreaking invention of the polished steel plow, John Deere has evolved into the global leader within the agricultural sector.
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c4fff095-49f8-4d01-abf0-6f2954fe9172
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720215.0
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2023-11-22 00:00:00 UTC
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US STOCKS-Wall St rises on peak rate bets, downbeat earnings cap gains
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-on-peak-rate-bets-downbeat-earnings-cap-gains
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nan
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nan
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By Amruta Khandekar and Shristi Achar A
Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes, although a rise in Treasury yields and some underwhelming earnings reports kept gains in check.
U.S. equities bounced back in November, with the S&P 500 .SPX moving closer to its highest level this year, as a recent clutch of data pointed to the softening of the economy due to the Fed's tough policy actions, while also suggesting that it was resilient enough to avoid a recession.
However, minutes from the latest Fed meeting on Tuesday showing a cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year.
Light trading volumes also impacted market moves ahead of the Thanksgiving holiday on Thursday.
Clouding the outlook for interest rate cuts further, a survey showed U.S. consumers' inflation expectations rose for a second straight month in November.
"They (Fed policymakers) are really keen on lowering inflation and yet it feels like investors think that by the middle of next year, they're going to be bringing things down because we can see a softening in the economy," said Kim Forrest, chief investment officer at Bokeh Capital Partners.
Treasury yields reversed course to edge higher following the survey data, with the yield on the benchmark 10-year Treasury note US10YT=RR last at 4.4314%.
Another report showed initial jobless claims fell more than expected last week. Meanwhile, durable goods orders posted a bigger-than-expected drop of 5.4% in October.
Investors also watched the latest turn of events at OpenAI after the ChatGPT maker reached an agreement for Sam Altman to return as CEO days after his ouster. Shares of the startup's financial backer Microsoft MSFT.O rose 1.2%.
The S&P 500 energy sub-index .SPNYfell 0.8%, lagging other major sectors as crude prices tumbled over 4% after OPEC+ producers unexpectedly delayed a meeting on output. O/R
At 11:22 a.m. ET, the Dow Jones Industrial Average .DJI was up 128.74 points, or 0.37%, at 35,217.03, the S&P 500 .SPX was up 15.75 points, or 0.35%, at 4,553.94, and the Nasdaq Composite .IXIC was up 69.00 points, or 0.49%, at 14,268.98.
Among other major movers, Deere & CoDE.Nshed 5.2% after the farm equipment maker forecast 2024 profit below analysts' estimates. Peer Caterpillar CAT.N also fell 1.7%.
Advancing issues outnumbered decliners by a 2.03-to-1 ratio on the NYSE and by a 1.86-to-1 ratio on the Nasdaq.
S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG
(Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel and Pooja Desai)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes, although a rise in Treasury yields and some underwhelming earnings reports kept gains in check. Meanwhile, durable goods orders posted a bigger-than-expected drop of 5.4% in October. The S&P 500 energy sub-index .SPNYfell 0.8%, lagging other major sectors as crude prices tumbled over 4% after OPEC+ producers unexpectedly delayed a meeting on output.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes, although a rise in Treasury yields and some underwhelming earnings reports kept gains in check. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel and Pooja Desai) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Meanwhile, durable goods orders posted a bigger-than-expected drop of 5.4% in October.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes, although a rise in Treasury yields and some underwhelming earnings reports kept gains in check. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel and Pooja Desai) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Meanwhile, durable goods orders posted a bigger-than-expected drop of 5.4% in October.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes, although a rise in Treasury yields and some underwhelming earnings reports kept gains in check. Meanwhile, durable goods orders posted a bigger-than-expected drop of 5.4% in October. The S&P 500 energy sub-index .SPNYfell 0.8%, lagging other major sectors as crude prices tumbled over 4% after OPEC+ producers unexpectedly delayed a meeting on output.
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804b078e-4a28-4040-8372-9ef7c811b0c2
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720216.0
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2023-11-22 00:00:00 UTC
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Deere (DE) Q4 Earnings Beat, Shares Dip on Muted FY24 View
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DE
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https://www.nasdaq.com/articles/deere-de-q4-earnings-beat-shares-dip-on-muted-fy24-view
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nan
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nan
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Deere & Company DE reported fourth-quarter fiscal 2023 (ended Oct 29) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share. The bottom line increased 11% from the prior-year quarter’s levels, backed by favorable market conditions and price realization.
Despite the outperformance, DE shares dipped 5.3% in pre-market trading as the company’s fiscal 2024 guidance indicates a decline in sales in all its segments along with lower net income. The midpoint of the company’s provided range for net income indicates a year-over-year slump of 21%, thus reflecting the company’s expectations of weak demand.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $13,801 million, down 4% year over year. Revenues topped the Zacks Consensus Estimate of $13,628 million. Total net sales (including financial services and others) were $15,412 million, down 1% year over year.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote
Operational Update
The cost of sales in the reported quarter went down 7.7% year over year to $9,427 million. Total gross profit increased 5.7% year over year to $4,374 million. Selling, administrative and general expenses (SA&G) rose 1% to $1,203 million from the year-ago quarter levels.
Total operating profit (including financial services) was up 2% year over year to $3,025 million in the fiscal fourth quarter.
Segment Performance
The Production & Precision Agriculture segment’s sales declined 6% year over year to $6,965 million. The figure was higher than our model’s estimated revenues of $6,567 million for the quarter. Gains from price realization were offset by low volumes.
Operating profit increased 6% year over year to $1,836 million mainly due to price realization. Lower shipment volumes/sales mix, higher SA&G and research and development (R&D) expenses offset some of the gains. Our estimate for the segment’s operating profit was $1,677 million.
Small Agriculture & Turf sales were down 13% year over year at $3,739 million on low volumes, somewhat offset by price realization. Our projection for the segment’s sales was $3,175 million. Operating profit declined 12% year over year to $444 million. Lower sales, as well as elevated SA&G and R&D expenses, led to the decline. The figure was lower than our estimate of operating profit of $483 million for the segment.
Construction & Forestry sales were $3,742 million, up 11% year over year, backed by higher shipment volumes and price realization. The figure was lower than our projection of $3,772 million. Operating profit increased 25% year over year to $516 million. Gains from higher sales were partially offset by increased production costs, unfavorable impact of foreign currency exchange, less favorable sales mix and a loss on the sale of the Russian roadbuilding business. Our estimate for the segment’s operating profit was $678 million.
Revenues in Deere’s Financial Services division were $1,347 million in the reported quarter, up 36% year over year. The figure was higher than our estimate of $1,049 million. The segment’s operating income was $229 million in the quarter under review, down compared with $297 million in the last fiscal year’s comparable quarter. Our projection was $276 million for the quarter.
Net income for Financial services declined 18% year over year to $190 million in the fourth quarter of fiscal 2023.
Financial Update
Deere reported cash and cash equivalents of $7.46 billion at the end of fiscal 2023 compared with $4.77 billion recorded at fiscal 2022 end. Cash flow from operating activities was $8.6 billion in fiscal 2023 compared with $4.7 billion in the prior fiscal.
At the end of fiscal 2023, DE’s long-term borrowing was nearly $38.5 billion compared with $33.6 billion at fiscal 2022 end.
Fiscal 2023 Performance
The company reported earnings per share of $34.63 in fiscal 2023, which came in 49% higher than the earnings per share of $23.28 in fiscal 2022. It also surpassed the Zacks Consensus Estimate of earnings of $33.89 per share.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) rose 16% year over year to $55.6 billion, which beat the consensus estimate of $55.4 billion. Total net sales (including financial services and others) were $61.3 million, up 16.5% year over year.
Guidance
Deere expects net income for fiscal 2024 to be between $7.75 billion and $8.25 billion stating that it expects volumes to return to mid-cycle levels. The stated range is much lower than net income attributable of $10.2 billion in fiscal 2023.
Net sales for Production & Precision Agriculture are expected to be down 15-20% year over year in fiscal 2024. Sales of Small Agriculture & Turf are expected to decline in the range of 10% to 15%. Sales of Construction & Forestry are projected to be down 10%. The Financial Services segment’s net income is expected to be around $770 million.
Price Performance
Deere’s shares have fallen 12.5% in the past year compared with the industry’s 17.3% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Alamo Group ALG, Flowserve FLS and A. O. Smith AOS. ALG and FLS sport a Zacks Rank #1 (Strong Buy) at present, and AOS has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Alamo has an average trailing four-quarter earnings surprise of 19.8%. The Zacks Consensus Estimate for ALG’s fiscal 2023 earnings is pegged at $11.59 per share, which indicates year-over-year growth of 34.5%. The consensus estimate for 2023 earnings has moved 4% north in the past 60 days. Its shares have gained 24% in the past year.
The Zacks Consensus Estimate for Flowserve’s fiscal 2023 earnings per share is pinned at $2.01, indicating growth of 83% from the prior-year actual. Earnings estimates have moved 2% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 27.3%. FLS shares have gained 20% in the past year.
A. O. Smith has an average trailing four-quarter earnings surprise of 14%. The Zacks Consensus Estimate for AOS’ 2023 earnings is pegged at $3.75 per share. The estimate projects year-over-year growth of 19.4%. Earnings estimates have gone up 4.5% in the past 60 days. AOS shares have gained 23% in the last year.
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Deere & Company (DE) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the outperformance, DE shares dipped 5.3% in pre-market trading as the company’s fiscal 2024 guidance indicates a decline in sales in all its segments along with lower net income. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Deere & Company DE reported fourth-quarter fiscal 2023 (ended Oct 29) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Operational Update The cost of sales in the reported quarter went down 7.7% year over year to $9,427 million. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE reported fourth-quarter fiscal 2023 (ended Oct 29) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Operational Update The cost of sales in the reported quarter went down 7.7% year over year to $9,427 million. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE reported fourth-quarter fiscal 2023 (ended Oct 29) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share.
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Net income for Financial services declined 18% year over year to $190 million in the fourth quarter of fiscal 2023. Deere & Company DE reported fourth-quarter fiscal 2023 (ended Oct 29) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share. Despite the outperformance, DE shares dipped 5.3% in pre-market trading as the company’s fiscal 2024 guidance indicates a decline in sales in all its segments along with lower net income.
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2e536bc7-4cd0-445d-a9b4-26ca40f53202
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720217.0
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2023-11-22 00:00:00 UTC
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Why Deere Stock Plunged After Earnings Today
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DE
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https://www.nasdaq.com/articles/why-deere-stock-plunged-after-earnings-today
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nan
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nan
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Agriculture and construction equipment maker Deere & Co. (NYSE: DE) reported its fiscal 2023 fourth-quarter results Wednesday morning, and the stock plunged. As of 11:40 a.m. ET, it was down by about 5%, making it one of the leading losers in the Dow Jones Industrial Average index for the session.
Notably, the company handily beat earnings estimates for the quarter, which ended Oct. 29. What investors didn't like was what management said about the outlook for fiscal 2024.
Net income set to tumble
Deere's fiscal Q4 earnings came in at $8.26 per share, well in excess of the $7.46 per share Wall Street was expecting. Sales also slightly outpaced estimates. Those results represented sharp increases compared to the prior-year period as well.
However, Deere management projected net income of between $7.75 billion and $8.25 billion for fiscal 2024. That would be a sharp drop from the nearly $10.2 billion it just earned in fiscal 2023. The reasons for that expected decline don't really stem from problems with the company itself, though. Deere's business is highly cyclical, and management anticipates that sales volume will move from a recent cyclical peak to mid-cycle levels next year.
Deere is historically cheap
Prices of cyclical company stocks often tend to move in anticipation of the cycles rather than in reaction to them. That helps explain why Deere stock has significantly trailed the broader market in 2023. Including Wednesday morning's drop, Deere shares are down more than 15% year to date.
But that has also driven its price-to-earnings ratio down to the low end of its historical range.
DE PE Ratio data by YCharts.
Investors in cyclical sectors shouldn't be overly concerned about short-term swings in a business driven by broader industry conditions. Deere, in fact, has increased its dividend by 165% over the last decade. Wednesday's share price drop gives long-term investors a good opportunity to pick up a solid company that will also pay them while they wait for the cycle to swing back.
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Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Agriculture and construction equipment maker Deere & Co. (NYSE: DE) reported its fiscal 2023 fourth-quarter results Wednesday morning, and the stock plunged. Investors in cyclical sectors shouldn't be overly concerned about short-term swings in a business driven by broader industry conditions. ET, it was down by about 5%, making it one of the leading losers in the Dow Jones Industrial Average index for the session.
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However, Deere management projected net income of between $7.75 billion and $8.25 billion for fiscal 2024. Deere is historically cheap Prices of cyclical company stocks often tend to move in anticipation of the cycles rather than in reaction to them. Including Wednesday morning's drop, Deere shares are down more than 15% year to date.
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Agriculture and construction equipment maker Deere & Co. (NYSE: DE) reported its fiscal 2023 fourth-quarter results Wednesday morning, and the stock plunged. Deere is historically cheap Prices of cyclical company stocks often tend to move in anticipation of the cycles rather than in reaction to them. 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Agriculture and construction equipment maker Deere & Co. (NYSE: DE) reported its fiscal 2023 fourth-quarter results Wednesday morning, and the stock plunged. ET, it was down by about 5%, making it one of the leading losers in the Dow Jones Industrial Average index for the session.
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70b66696-b771-462c-afff-960ce852d63c
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720218.0
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2023-11-22 00:00:00 UTC
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S&P 500 Movers: ADSK, HPQ
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DE
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https://www.nasdaq.com/articles/sp-500-movers%3A-adsk-hpq
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nan
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nan
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In early trading on Wednesday, shares of HPQ topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. Year to date, HPQ registers a 8.7% gain.
And the worst performing S&P 500 component thus far on the day is Autodesk, trading down 5.9%. Autodesk is showing a gain of 9.6% looking at the year to date performance.
Two other components making moves today are Deere, trading down 5.7%, and Advanced Micro Devices, trading up 4.3% on the day.
VIDEO: S&P 500 Movers: ADSK, HPQ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing S&P 500 component thus far on the day is Autodesk, trading down 5.9%. Autodesk is showing a gain of 9.6% looking at the year to date performance. VIDEO: S&P 500 Movers: ADSK, HPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Wednesday, shares of HPQ topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. And the worst performing S&P 500 component thus far on the day is Autodesk, trading down 5.9%. Autodesk is showing a gain of 9.6% looking at the year to date performance.
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In early trading on Wednesday, shares of HPQ topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. And the worst performing S&P 500 component thus far on the day is Autodesk, trading down 5.9%. Two other components making moves today are Deere, trading down 5.7%, and Advanced Micro Devices, trading up 4.3% on the day.
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And the worst performing S&P 500 component thus far on the day is Autodesk, trading down 5.9%. Autodesk is showing a gain of 9.6% looking at the year to date performance. VIDEO: S&P 500 Movers: ADSK, HPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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a053ad8e-15e0-4e85-98d2-7758d365624e
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720219.0
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2023-11-22 00:00:00 UTC
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January 2024 Options Now Available For Deere (DE)
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DE
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https://www.nasdaq.com/articles/january-2024-options-now-available-for-deere-de
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $340.00 strike price has a current bid of $3.65. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $340.00, but will also collect the premium, putting the cost basis of the shares at $336.35 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $356.66/share today.
Because the $340.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 73%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.07% return on the cash commitment, or 8.91% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $3.20. If an investor was to purchase shares of DE stock at the current price level of $356.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $370.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.64% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red:
Considering the fact that the $370.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.90% boost of extra return to the investor, or 7.44% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example above is 29%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $356.66) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
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Institutional Holders of KRMD
TUP Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the January 2024 expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $3.20. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the January 2024 expiration.
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96abf9d3-8c64-48df-9012-144ec74fe4d8
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720220.0
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2023-11-22 00:00:00 UTC
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Jobless Claims Come in Much Lower Than Expected
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DE
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https://www.nasdaq.com/articles/jobless-claims-come-in-much-lower-than-expected
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nan
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nan
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Normally Initial Jobless Claims come out on the Thursday morning of each week, but Thanksgiving being the one reliable Thursday public holiday, this week it always moves to Wednesday. New claims for last week dropped to 209K — 20K fewer than analysts were looking for, and even farther away from the previous week’s upwardly revised 233K, which was the highest single-week new jobless claims tally since August. The 209K posted this morning is the lowest since mid-October.
We had been seeing these weekly jobless claims figures rising rapidly over the past several weeks, which is even more pronounced in the Continuing Claims figure out today: 1.840 million breaks the 8-week streak of higher long-term jobless claims, and is well off the slightly downwardly revised 1.862 million the previous week. As these continuing claims figures are reported a week in arrears from new claims, we may see another down week a week from tomorrow.
Preliminary Durable Goods Orders for October are out this morning, as well: -5.4% is the lowest tally since July, and 200 basis points (bps) below the -3.4% expected. This also more than reverses the downwardly revised +4.0% reported for the month earlier, which itself was only the fifth month in five with a positive durable goods number. Strip out transportation orders and we rally back to 0.0% last month; the previous month was downwardly revised 30 bps to +0.2%. Non-defense, ex-aircraft — a proxy for “normal” business investment — reached -0.1%; +0.1% had been expected.
After today’s open, we’ll see a Consumer Sentiment report for November, which is expected to tick up to 60.6 from 60.4 last month. But in actuality, we can all likely find out at our Thanksgiving dinner tables tomorrow that prices for food items have actually come down since, say, six months ago, and “more bang for the buck” has a way of improving consumer sentiment. This again marks a victory for the Fed in the battle against inflation, although the monetary policy body is wisely resisting sticking the flag in prematurely.
This goes for gasoline prices, as well, which are down quite a bit over the past year and a half or so. WTI oil prices have tumbled below $75 per barrel this morning, putting yet more downward pressure on fuel prices. Perhaps this will be a boon for holiday shopping season — which unofficially starts this “Black” Friday, of course — though we won’t be counting any turkeys before they hatch. Pre-market futures are solid at this hour, however, with the Dow +60 points, the S&P 500 +15 and the Nasdaq +85 points.
Finally, farm equipment manufacturer Deere & Co. DE reported fiscal Q4 numbers head of today’s opening bell, with earnings of $8.26 per share easily surpassing the $7.49 in the Zacks consensus (and the $7.44 per share reported in the year-ago quarter) for a +10.25% earnings surprise. Revenues of $13.8 billion topped estimates by +1.27%, and were below the $14.35 billion posted a year ago. Guidance was light, however, and this has sent shares down another -5% in early trading; the stock was already down -10.8% year to date.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Preliminary Durable Goods Orders for October are out this morning, as well: -5.4% is the lowest tally since July, and 200 basis points (bps) below the -3.4% expected. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Strip out transportation orders and we rally back to 0.0% last month; the previous month was downwardly revised 30 bps to +0.2%.
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Strip out transportation orders and we rally back to 0.0% last month; the previous month was downwardly revised 30 bps to +0.2%. Finally, farm equipment manufacturer Deere & Co. DE reported fiscal Q4 numbers head of today’s opening bell, with earnings of $8.26 per share easily surpassing the $7.49 in the Zacks consensus (and the $7.44 per share reported in the year-ago quarter) for a +10.25% earnings surprise. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Finally, farm equipment manufacturer Deere & Co. DE reported fiscal Q4 numbers head of today’s opening bell, with earnings of $8.26 per share easily surpassing the $7.49 in the Zacks consensus (and the $7.44 per share reported in the year-ago quarter) for a +10.25% earnings surprise. Preliminary Durable Goods Orders for October are out this morning, as well: -5.4% is the lowest tally since July, and 200 basis points (bps) below the -3.4% expected. Strip out transportation orders and we rally back to 0.0% last month; the previous month was downwardly revised 30 bps to +0.2%.
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Preliminary Durable Goods Orders for October are out this morning, as well: -5.4% is the lowest tally since July, and 200 basis points (bps) below the -3.4% expected. Finally, farm equipment manufacturer Deere & Co. DE reported fiscal Q4 numbers head of today’s opening bell, with earnings of $8.26 per share easily surpassing the $7.49 in the Zacks consensus (and the $7.44 per share reported in the year-ago quarter) for a +10.25% earnings surprise. Strip out transportation orders and we rally back to 0.0% last month; the previous month was downwardly revised 30 bps to +0.2%.
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b7e15185-fe17-4828-bc87-8f44747c132c
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720221.0
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2023-11-22 00:00:00 UTC
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US STOCKS-Wall St rises as yields slip, traders assess economic data
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-as-yields-slip-traders-assess-economic-data
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nan
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nan
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By Amruta Khandekar and Shristi Achar A
Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data.
U.S. equities have bounced back in November, with the S&P 500 .SPX coming within a whisker of its highest level this year, as signs of easing inflation boosted bets that the Fed was done with its interest rate hikes.
However, minutes from the latest Fed meeting on Tuesday showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year.
Data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week, though the labor market continued to slow, fueling hopes of a soft landing, according to analysts. Meanwhile, durable goods posted a bigger-than-expected drop of 5.4% in October.
A fall in energy prices and the ten-year yield are helping drive markets higher, said Art Hogan, chief market strategist at B Riley Wealth.
""We've already started to see (a year end-rally). The three headwinds were higher energy prices, higher Treasury yields and a stronger dollar and for the last three weeks, all of those headwinds now become tailwinds," said Hogan.
Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 29% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool.
Crude prices tumbled over 4% as OPEC+ producers unexpectedly delayed a meeting on output, with the S&P 500 energy sub-index .SPNY1.4% down, lagging all other sectors. O/R
Nvidia NVDA.O, the last of the megacap names to report quarterly results, forecast overall revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in fourth-quarter sales in China.
Shares of the AI chip leader slid 3.0%.
Investors also watched the latest turn of events at OpenAI after the ChatGPT maker reached an agreement for Sam Altman to return as CEO days after his ouster. Shares of the startup's financial backer Microsoft MSFT.Oedged 0.8% higher.
Light trading volumes also impacted market moves ahead of the Thanksgiving holiday on Thursday.
At 10:01 a.m. ET, the Dow Jones Industrial Average .DJI was up 87.71 points, or 0.25%, at 35,176.00, the S&P 500 .SPX was up 11.00 points, or 0.24%, at 4,549.19, and the Nasdaq Composite .IXIC was up 50.87 points, or 0.36%, at 14,250.85.
Among other major movers, Deere & CoDE.N shed 6.0% after the farm equipment maker forecast 2024 profit below analysts' estimates as high borrowing costs and squeezed budgets dented demand. Peer Caterpillar CAT.N also fell 2.3%.
Advancing issues outnumbered decliners by a 2.31-to-1 ratio on the NYSE and by a 2.24-to-1 ratio on the Nasdaq.
The S&P index recorded 34 new 52-week highs and one new low, while the Nasdaq recorded 54 new highs and 40 new lows.
S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG
(Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 29% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool. Crude prices tumbled over 4% as OPEC+ producers unexpectedly delayed a meeting on output, with the S&P 500 energy sub-index .SPNY1.4% down, lagging all other sectors.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 29% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 29% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool. Crude prices tumbled over 4% as OPEC+ producers unexpectedly delayed a meeting on output, with the S&P 500 energy sub-index .SPNY1.4% down, lagging all other sectors.
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Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 29% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool. By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes rose on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. Crude prices tumbled over 4% as OPEC+ producers unexpectedly delayed a meeting on output, with the S&P 500 energy sub-index .SPNY1.4% down, lagging all other sectors.
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dde18f43-2f29-458b-8df9-3ced79620264
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720222.0
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2023-11-22 00:00:00 UTC
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Deere & Company Drops On Tepid Outlook
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DE
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https://www.nasdaq.com/articles/deere-company-drops-on-tepid-outlook
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nan
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nan
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(RTTNews) - Shares of Deere & Company (DE), a maker of agricultural, construction, and forestry equipment, are falling more than 6% Wednesday morning after the company provided disappointing full-year earnings outlook.
The company said it expects full-year 2024 earnings to be in the range of $7.75 billion to $8.25 billion, as volumes return to mid-cycle levels. This compares with 2023 earnings of $10.166 billion.
DE, currently at $359.11, has traded in the range of $345.55 - $450.00 in the last 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of Deere & Company (DE), a maker of agricultural, construction, and forestry equipment, are falling more than 6% Wednesday morning after the company provided disappointing full-year earnings outlook. DE, currently at $359.11, has traded in the range of $345.55 - $450.00 in the last 52 weeks. The company said it expects full-year 2024 earnings to be in the range of $7.75 billion to $8.25 billion, as volumes return to mid-cycle levels.
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(RTTNews) - Shares of Deere & Company (DE), a maker of agricultural, construction, and forestry equipment, are falling more than 6% Wednesday morning after the company provided disappointing full-year earnings outlook. DE, currently at $359.11, has traded in the range of $345.55 - $450.00 in the last 52 weeks. The company said it expects full-year 2024 earnings to be in the range of $7.75 billion to $8.25 billion, as volumes return to mid-cycle levels.
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(RTTNews) - Shares of Deere & Company (DE), a maker of agricultural, construction, and forestry equipment, are falling more than 6% Wednesday morning after the company provided disappointing full-year earnings outlook. DE, currently at $359.11, has traded in the range of $345.55 - $450.00 in the last 52 weeks. The company said it expects full-year 2024 earnings to be in the range of $7.75 billion to $8.25 billion, as volumes return to mid-cycle levels.
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(RTTNews) - Shares of Deere & Company (DE), a maker of agricultural, construction, and forestry equipment, are falling more than 6% Wednesday morning after the company provided disappointing full-year earnings outlook. DE, currently at $359.11, has traded in the range of $345.55 - $450.00 in the last 52 weeks. The company said it expects full-year 2024 earnings to be in the range of $7.75 billion to $8.25 billion, as volumes return to mid-cycle levels.
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298fe083-3520-49c8-83f7-365093e2295b
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720223.0
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2023-11-22 00:00:00 UTC
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Deere (DE) Reports Q4 Earnings: What Key Metrics Have to Say
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DE
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https://www.nasdaq.com/articles/deere-de-reports-q4-earnings%3A-what-key-metrics-have-to-say
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nan
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nan
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Deere (DE) reported $13.8 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 3.8%. EPS of $8.26 for the same period compares to $7.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $13.63 billion, representing a surprise of +1.27%. The company delivered an EPS surprise of +10.28%, with the consensus EPS estimate being $7.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $10.06 billion compared to the $9.85 billion average estimate based on five analysts. The reported number represents a change of -8.4% year over year.
Net Sales and Revenues- Equipment Operations- Net sales: $13.80 billion compared to the $13.59 billion average estimate based on five analysts. The reported number represents a change of -3.8% year over year.
Net Sales and Revenues- Construction & forestry net sales: $3.74 billion versus the five-analyst average estimate of $3.74 billion. The reported number represents a year-over-year change of +10.9%.
Net Sales and Revenues- Other revenues: $264 million compared to the $299.02 million average estimate based on four analysts. The reported number represents a change of +34% year over year.
Net Sales and Revenues- Financial services revenues: $1.35 billion compared to the $1.12 billion average estimate based on four analysts. The reported number represents a change of +36.3% year over year.
Net Sales and Revenues- Production & precision ag net sales: $6.97 billion versus $6.62 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
Net Sales and Revenues- Small ag & turf net sales: $3.09 billion versus $3.21 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12.7% change.
Net Sales and Revenues- Net sales: $13.80 billion compared to the $13.62 billion average estimate based on three analysts.
Net Sales and Revenues- Finance and interest income: $1.36 billion versus $1.13 billion estimated by two analysts on average.
Net Sales and Revenues- Financial services- Total: $1.57 billion compared to the $1.36 billion average estimate based on two analysts.
Net Sales and Revenues- Financial services- Other Income: $121 million versus $101.22 million estimated by two analysts on average.
Net Sales and Revenues- Financial services- Finance and Interest Income: $1.45 billion versus $1.26 billion estimated by two analysts on average.
View all Key Company Metrics for Deere here>>>
Shares of Deere have returned +2.4% over the past month versus the Zacks S&P 500 composite's +7.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Deere (DE) reported $13.8 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 3.8%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.
|
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $10.06 billion compared to the $9.85 billion average estimate based on five analysts. Deere (DE) reported $13.8 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 3.8%. The company delivered an EPS surprise of +10.28%, with the consensus EPS estimate being $7.49.
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Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $10.06 billion compared to the $9.85 billion average estimate based on five analysts. Deere (DE) reported $13.8 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 3.8%. The company delivered an EPS surprise of +10.28%, with the consensus EPS estimate being $7.49.
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Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $10.06 billion compared to the $9.85 billion average estimate based on five analysts. View all Key Company Metrics for Deere here>>> Deere (DE) reported $13.8 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 3.8%.
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ebb79a48-3778-4d78-9a26-f53a7ae0f618
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720224.0
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2023-11-22 00:00:00 UTC
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US STOCKS-Wall St eyes higher open as yields slip, traders assess economic data
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-st-eyes-higher-open-as-yields-slip-traders-assess-economic-data
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nan
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nan
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By Amruta Khandekar and Shristi Achar A
Nov 22 (Reuters) - Wall Street's main indexes were set to open higher on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data.
U.S. equities have bounced back in November, with the S&P 500 .SPX coming within a whisker of its highest level this year, as signs of easing inflation boosted bets that the Fed was done with its interest rate hikes.
The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year.
Data showed initial jobless claims stood at 209,000 for the week ended Nov. 18, lower than the 226,000 claims forecast in a Reuters poll of economists. Meanwhile, durable goods posted a bigger-than-expected drop of 5.4% in October.
The yield on the benchmark 10-year Treasury note US10YT=RR slipped to 4.3906%.
A fall in energy prices and the ten-year yield are helping drive markets higher, said Art Hogan, chief market strategist at B Riley Wealth.
""We've already started to see (a year end-rally). The three headwinds were higher energy prices, higher Treasury yields and a stronger dollar and for the last three weeks, all of those headwinds now become tailwinds," said Hogan.
Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 31% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool.
Nvidia NVDA.O, the last of the megacap names to report quarterly results, forecast overall revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in fourth-quarter sales in China.
Shares of the AI chip leader had initially slipped in premarket trading, but were last up 0.5%.
Investors also had an eye on the latest turn of events at OpenAI after the ChatGPT maker reached an agreement for Sam Altman to return as CEO days after his ouster. Shares of the startup's financial backer Microsoft MSFT.O rose 1.3%.
Light trading volumes also impacted market moves ahead of the Thanksgiving holiday on Thursday.
A final reading of the University of Michigan's consumer sentiment index for November is due later in the day.
Among other major movers, Deere & CoDE.N shed 5.8% before the bell after the farm equipment maker forecast 2024 profit below analysts' estimates as high borrowing costs and squeezed budgets dented demand. Peer Caterpillar CAT.N also fell 2.7%.
AutodeskADSK.O slipped 6.1% as brokerages cut their price targets on the design software maker's stock following a weak long-term growth outlook.
S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG
(Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes were set to open higher on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year. Data showed initial jobless claims stood at 209,000 for the week ended Nov. 18, lower than the 226,000 claims forecast in a Reuters poll of economists.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes were set to open higher on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. S&P 500 close to highest intraday level for 2023 https://tmsnrt.rs/47AVluG (Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes were set to open higher on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year. Traders have nearly fully priced in the likelihood of the Fed keeping interest rates unchanged in December, with about 31% betting on chances of a rate cut as soon as March, according to the CME Group's Fedwatch tool.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Wall Street's main indexes were set to open higher on Wednesday, helped by bets that the Federal Reserve had reached the end of its rate hikes and a slide in longer-dated Treasury yields, while traders assessed the latest batch of economic data. Shares of the AI chip leader had initially slipped in premarket trading, but were last up 0.5%. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year.
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5b5dada3-3c77-4cbc-8ab8-d79f8e962a59
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720225.0
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2023-11-22 00:00:00 UTC
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US STOCKS-Futures inch higher as Nvidia gains, rate cut uncertainty lingers
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DE
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https://www.nasdaq.com/articles/us-stocks-futures-inch-higher-as-nvidia-gains-rate-cut-uncertainty-lingers
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By Amruta Khandekar and Shristi Achar A
Nov 22 (Reuters) - Futures tracking the S&P 500 and the Nasdaq edged higher on Wednesday as shares of chip designer Nvidia rose following third-quarter results, while uncertainty about potential rate cuts kept further gains in check.
Nvidia forecast overall revenue above Wall Street targets, but the company warned U.S. export curbs could lead to a steep drop in fourth-quarter sales in China.
Shares of Nvidia had initially slipped in premarket trading, but reversed course to climb 1.1%.
"A very high bar has been set for Nvidia and because of concerns about trade tensions, there is some element of worry creeping back," said Susannah Streeter, head of money and markets at Hargreaves Lansdown, while highlighting that the company posted strong quarterly results.
Investors also had an eye on the latest turn of events at OpenAI after the ChatGPT maker reached an agreement for Sam Altman to return as CEO days after his ouster. Shares of the startup's financial backer Microsoft MSFT.O edged 0.6% higher.
Big Tech stocks led a rebound in U.S. equities in November, with the S&P 500 .SPX coming within a whisker of its highest level this year, as signs of easing inflation boosted bets that the Fed was done with its interest rate hikes.
The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach to raising U.S. interest rates going forward.
The central bank's guarded stance is weighing on enthusiasm about rate cuts coming later, Streeter said.
Light trading volumes also impacted market moves ahead of the Thanksgiving holiday on Thursday.
Later in the day, investors will parse a number of economic reports for more clues on the strength of the U.S. economy and the outlook for interest rates.
Durable goods data for October and weekly jobless claims numbers are scheduled to be released at 8:30 am ET followed by a final reading of the University of Michigan's consumer sentiment index for November.
Among other major movers, Deere & CoDE.N shed 7.5% before the bell after the farm equipment maker forecast 2024 profit below analysts' estimates as high borrowing costs and squeezed budgets dented demand. Peer Caterpillar CAT.N also fell 2.2%.
(Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Futures tracking the S&P 500 and the Nasdaq edged higher on Wednesday as shares of chip designer Nvidia rose following third-quarter results, while uncertainty about potential rate cuts kept further gains in check. "A very high bar has been set for Nvidia and because of concerns about trade tensions, there is some element of worry creeping back," said Susannah Streeter, head of money and markets at Hargreaves Lansdown, while highlighting that the company posted strong quarterly results. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach to raising U.S. interest rates going forward.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Futures tracking the S&P 500 and the Nasdaq edged higher on Wednesday as shares of chip designer Nvidia rose following third-quarter results, while uncertainty about potential rate cuts kept further gains in check. The central bank's guarded stance is weighing on enthusiasm about rate cuts coming later, Streeter said. (Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Futures tracking the S&P 500 and the Nasdaq edged higher on Wednesday as shares of chip designer Nvidia rose following third-quarter results, while uncertainty about potential rate cuts kept further gains in check. "A very high bar has been set for Nvidia and because of concerns about trade tensions, there is some element of worry creeping back," said Susannah Streeter, head of money and markets at Hargreaves Lansdown, while highlighting that the company posted strong quarterly results. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach to raising U.S. interest rates going forward.
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By Amruta Khandekar and Shristi Achar A Nov 22 (Reuters) - Futures tracking the S&P 500 and the Nasdaq edged higher on Wednesday as shares of chip designer Nvidia rose following third-quarter results, while uncertainty about potential rate cuts kept further gains in check. "A very high bar has been set for Nvidia and because of concerns about trade tensions, there is some element of worry creeping back," said Susannah Streeter, head of money and markets at Hargreaves Lansdown, while highlighting that the company posted strong quarterly results. The benchmark index and the tech-heavy Nasdaq .IXIC, however, snapped a five-session winning streak on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach to raising U.S. interest rates going forward.
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5b96fbae-32c3-4332-837d-a60986363425
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720226.0
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2023-11-22 00:00:00 UTC
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Deere (DE) Surpasses Q4 Earnings and Revenue Estimates
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DE
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https://www.nasdaq.com/articles/deere-de-surpasses-q4-earnings-and-revenue-estimates
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Deere (DE) came out with quarterly earnings of $8.26 per share, beating the Zacks Consensus Estimate of $7.49 per share. This compares to earnings of $7.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10.28%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $8.14 per share when it actually produced earnings of $10.20, delivering a surprise of 25.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $13.8 billion for the quarter ended October 2023, surpassing the Zacks Consensus Estimate by 1.27%. This compares to year-ago revenues of $14.35 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deere shares have lost about 10.8% since the beginning of the year versus the S&P 500's gain of 18.2%.
What's Next for Deere?
While Deere has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Deere: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $5.75 on $10.9 billion in revenues for the coming quarter and $32.62 on $54.34 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Farm Equipment is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, Worthington Industries (WOR), has yet to report results for the quarter ended November 2023.
This metal manufacturer is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of +113.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Worthington Industries' revenues are expected to be $990.15 million, down 15.8% from the year-ago quarter.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Deere (DE) came out with quarterly earnings of $8.26 per share, beating the Zacks Consensus Estimate of $7.49 per share.
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Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $13.8 billion for the quarter ended October 2023, surpassing the Zacks Consensus Estimate by 1.27%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Worthington Industries, Inc. (WOR) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) came out with quarterly earnings of $8.26 per share, beating the Zacks Consensus Estimate of $7.49 per share.
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Deere (DE) came out with quarterly earnings of $8.26 per share, beating the Zacks Consensus Estimate of $7.49 per share. Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $13.8 billion for the quarter ended October 2023, surpassing the Zacks Consensus Estimate by 1.27%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Worthington Industries, Inc. (WOR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere (DE) came out with quarterly earnings of $8.26 per share, beating the Zacks Consensus Estimate of $7.49 per share. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $8.14 per share when it actually produced earnings of $10.20, delivering a surprise of 25.31%.
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bb0aa1cd-b91f-4414-b383-4480842badf3
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720227.0
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2023-11-22 00:00:00 UTC
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Deere & Co. Initiates FY24 Net Income Outlook As Q4 Results Top Estimates
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DE
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https://www.nasdaq.com/articles/deere-co.-initiates-fy24-net-income-outlook-as-q4-results-top-estimates
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion.
For the fourth quarter, the company reported net income attributable to Deere of $2.37 billion or $8.26 per share, higher than $2.25 million, or $7.44 per share in the prior-year quarter.
Worldwide net sales and revenues edged down 1 percent to $15.41 billion from $15.54 billion in the same quarter last year. Net sales were $13.80 billion, down from $14.35 billion a year ago.
On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $6.85 per share on revenues of $12.45 billion for the quarter. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion. For the fourth quarter, the company reported net income attributable to Deere of $2.37 billion or $8.26 per share, higher than $2.25 million, or $7.44 per share in the prior-year quarter. Worldwide net sales and revenues edged down 1 percent to $15.41 billion from $15.54 billion in the same quarter last year.
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For the fourth quarter, the company reported net income attributable to Deere of $2.37 billion or $8.26 per share, higher than $2.25 million, or $7.44 per share in the prior-year quarter. (RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion. Worldwide net sales and revenues edged down 1 percent to $15.41 billion from $15.54 billion in the same quarter last year.
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion. For the fourth quarter, the company reported net income attributable to Deere of $2.37 billion or $8.26 per share, higher than $2.25 million, or $7.44 per share in the prior-year quarter. Worldwide net sales and revenues edged down 1 percent to $15.41 billion from $15.54 billion in the same quarter last year.
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For the fourth quarter, the company reported net income attributable to Deere of $2.37 billion or $8.26 per share, higher than $2.25 million, or $7.44 per share in the prior-year quarter. Worldwide net sales and revenues edged down 1 percent to $15.41 billion from $15.54 billion in the same quarter last year. (RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion.
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720228.0
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2023-11-22 00:00:00 UTC
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Deere And Co Profit Advances In Q4, Beats estimates
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https://www.nasdaq.com/articles/deere-and-co-profit-advances-in-q4-beats-estimates
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(RTTNews) - Deere And Co (DE) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $2.37 billion, or $8.26 per share. This compares with $2.25 billion, or $7.44 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $6.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.8% to $15.41 billion from $15.54 billion last year.
Deere And Co earnings at a glance (GAAP) :
-Earnings (Q4): $2.37 Bln. vs. $2.25 Bln. last year. -EPS (Q4): $8.26 vs. $7.44 last year. -Analyst Estimate: $6.85 -Revenue (Q4): $15.41 Bln vs. $15.54 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.37 Bln.
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(RTTNews) - Deere And Co (DE) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.37 Bln.
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(RTTNews) - Deere And Co (DE) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.37 Bln.
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(RTTNews) - Deere And Co (DE) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.37 Bln.
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ce55c81e-a7fd-441e-bc37-6b0e98269b53
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720229.0
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2023-11-22 00:00:00 UTC
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Deere forecasts downbeat profit as high borrowing costs pinch demand
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DE
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https://www.nasdaq.com/articles/deere-forecasts-downbeat-profit-as-high-borrowing-costs-pinch-demand
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Adds background in paragraph 3; details in paragraph 4,5
Nov 22 (Reuters) - Deere & Co DE.N forecast 2024 profit below analysts' estimates on Wednesday as high borrowing costs and squeezed budgets dented demand for farm equipment.
The world's largest farm equipment maker expects 2024 net income between $7.75 billion and $8.25 billion, compared with analysts' average expectations of $9.33 billion, according to LSEG data.
Rising dealer inventories have investors worried that demand for farming equipment might have peaked.
Net income rose to $2.37 billion, or $8.26 per share, for the quarter through October from $2.25 billion, or $7.44 per share, a year earlier.
Total net sales and revenue fell about 1% to $15.41 billion.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva)
((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds background in paragraph 3; details in paragraph 4,5 Nov 22 (Reuters) - Deere & Co DE.N forecast 2024 profit below analysts' estimates on Wednesday as high borrowing costs and squeezed budgets dented demand for farm equipment. Rising dealer inventories have investors worried that demand for farming equipment might have peaked. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds background in paragraph 3; details in paragraph 4,5 Nov 22 (Reuters) - Deere & Co DE.N forecast 2024 profit below analysts' estimates on Wednesday as high borrowing costs and squeezed budgets dented demand for farm equipment. Rising dealer inventories have investors worried that demand for farming equipment might have peaked. The world's largest farm equipment maker expects 2024 net income between $7.75 billion and $8.25 billion, compared with analysts' average expectations of $9.33 billion, according to LSEG data.
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Adds background in paragraph 3; details in paragraph 4,5 Nov 22 (Reuters) - Deere & Co DE.N forecast 2024 profit below analysts' estimates on Wednesday as high borrowing costs and squeezed budgets dented demand for farm equipment. Rising dealer inventories have investors worried that demand for farming equipment might have peaked. The world's largest farm equipment maker expects 2024 net income between $7.75 billion and $8.25 billion, compared with analysts' average expectations of $9.33 billion, according to LSEG data.
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Adds background in paragraph 3; details in paragraph 4,5 Nov 22 (Reuters) - Deere & Co DE.N forecast 2024 profit below analysts' estimates on Wednesday as high borrowing costs and squeezed budgets dented demand for farm equipment. Rising dealer inventories have investors worried that demand for farming equipment might have peaked. The world's largest farm equipment maker expects 2024 net income between $7.75 billion and $8.25 billion, compared with analysts' average expectations of $9.33 billion, according to LSEG data.
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720230.0
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2023-11-22 00:00:00 UTC
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The 3 Most Undervalued Manufacturing Stocks to Buy: November 2023
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DE
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https://www.nasdaq.com/articles/the-3-most-undervalued-manufacturing-stocks-to-buy%3A-november-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Manufacturing stocks are often considered bellwethers for economic shifts and offer unique investment opportunities. As manufacturing activity typically precedes broader market trends, it’s perhaps a more opportune moment to consider undervalued manufacturing stocks. This earnings season has brought encouraging news for the sector, with rising earnings and a promising future outlook. Consequently, investors are looking for undervalued manufacturing stocks offering healthy upside ahead.
Additionally, these manufacturing companies have proven adept at weathering challenges and rewarding shareholders during prosperous periods. In 2024, these undervalued manufacturing stocks could be shining stars, particularly as supply-chain issues wither away, especially in electronic components. Moreover, industry players’ strategic shift towards acquisitions is broadening their horizons. This enhances their product offerings and market reach and facilitates diversification, reducing reliance on a single market.
General Electric (GE)
Source: Sundry Photography / Shutterstock.com
General Electric (NYSE:GE) emerged as a standout early in the third quarter earnings season. With the company blowing past expectations on revenue and earnings, GE’s performance highlights its effective transformation. Moreover, it impressively raised its full-year guidance for the third time, with the consistent upward revision underscoring GE’s momentum and strategic success.
The specifics of GE’s earnings are noteworthy with its Non-GAAP EPS of 82 cents, exceeding forecasts by 26 cents. Additionally, the company reported a remarkable revenue increase to $17.3 billion, up 19.6% year-over-year, proving that GE’s financial health remains robust.
GE’s focus on becoming a more nimble and focused company appears to be paying off, as seen in the successful spinoff of its healthcare business and the launch of its Aerospace and Vernova segments as independent entities. This move is poised to streamline GE’s operations further and sharpen its focus, promising a bright future for the company. Additionally, GE stock attracts a moderate buy rating, offering almost a 13% upside from current price levels.
Caterpillar (CAT)
Source: Shutterstock
Caterpillar (NYSE:CAT) is a giant in the manufacturing sphere, focusing on construction, mining, and engineering equipment, becoming a top pick for both long-term and income-focused investors. Its impressive track record of increasing dividends for 30 consecutive years has cemented the company’s reputation as a reliable dividend stock, boasting a yield of 2%. This consistency in shareholder returns is a testament to the company’s powerful financial health and operational stability.
Furthermore, the company delivered solid financial results in the third quarter, reporting a Non-GAAP EPS of $5.52, outperforming estimates by 73 cents. Revenue rose to $16.8 billion, a 12% year-over-year increase, surpassing expectations by $240 million. This growth was driven by favorable pricing and increased sales volume, highlighting Caterpillar’s powerful market position and operational efficiency.
The company’s strong performance suggests a potential resurgence in normal economic activities. Moreover, from a valuation perspective, CAT stock is an attractive investment option, trading at a 12% discount from current price levels.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
Deere (NYSE:DE), known for its farming equipment, continues to ride high on the wave of elevated food prices, spurring increased agricultural activity. This trend benefits Deere immensely, as evidenced by a remarkable 12% jump in sales and a staggering 58% surge in net income year-over-year, reaching a whopping $2.98 billion. These figures reflect the company’s solid financial footing and its leverage in the booming agricultural sector.
Deere’s sales in the U.S. and Canada, especially in large agricultural equipment, are forecasted to grow by an impressive 10% in fiscal 2023. This growth is a clear indicator of the robust demand for farm machinery. Transitioning to the construction and forestry sectors,
Analysts from TipRanks are bullish on Deere and assign it a moderate buy rating offering a 16% upside. Additionally, Deere offers an attractive dividend yield of 1.33% while trading at a compelling 1.96 times forward sales estimates. This blend of solid earnings growth, favorable market position, and attractive valuation makes Deere a notable investment contender.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post The 3 Most Undervalued Manufacturing Stocks to Buy: November 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This trend benefits Deere immensely, as evidenced by a remarkable 12% jump in sales and a staggering 58% surge in net income year-over-year, reaching a whopping $2.98 billion. Transitioning to the construction and forestry sectors, Analysts from TipRanks are bullish on Deere and assign it a moderate buy rating offering a 16% upside. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued Manufacturing Stocks to Buy: November 2023 appeared first on InvestorPlace.
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Additionally, GE stock attracts a moderate buy rating, offering almost a 13% upside from current price levels. This blend of solid earnings growth, favorable market position, and attractive valuation makes Deere a notable investment contender. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Manufacturing stocks are often considered bellwethers for economic shifts and offer unique investment opportunities.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Manufacturing stocks are often considered bellwethers for economic shifts and offer unique investment opportunities. Additionally, GE stock attracts a moderate buy rating, offering almost a 13% upside from current price levels. As manufacturing activity typically precedes broader market trends, it’s perhaps a more opportune moment to consider undervalued manufacturing stocks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Manufacturing stocks are often considered bellwethers for economic shifts and offer unique investment opportunities. Furthermore, the company delivered solid financial results in the third quarter, reporting a Non-GAAP EPS of $5.52, outperforming estimates by 73 cents. As manufacturing activity typically precedes broader market trends, it’s perhaps a more opportune moment to consider undervalued manufacturing stocks.
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4fbfdf82-bc59-444b-870d-75350f63f354
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720231.0
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2023-11-21 00:00:00 UTC
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Pre-Market Earnings Report for November 22, 2023 : DE, GDS, TRMR
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-november-22-2023-%3A-de-gds-trmr
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The following companies are expected to report earnings prior to market open on 11/22/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company (DE)is reporting for the quarter ending October 31, 2023. The farm machinery company's consensus earnings per share forecast from the 11 analysts that follow the stock is $7.49. This value represents a 0.67% increase compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 25.31%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 11.22 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
GDS Holdings Limited (GDS)is reporting for the quarter ending September 30, 2023. The technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.35. This value represents a 29.63% decrease compared to the same quarter last year. GDS missed the consensus earnings per share in the 1st calendar quarter of 2023 by -42.86%. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GDS is -10.32 vs. an industry ratio of 12.00.
Tremor International Ltd. (TRMR)is reporting for the quarter ending September 30, 2023. The advertising/marketing company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.02. This value represents a 60.00% decrease compared to the same quarter last year. The days to cover, as reported in the 10/31/2023 short interest update, increased 142.34% from previous report on 10/13/2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TRMR is 28.03 vs. an industry ratio of 48.10.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company (DE)is reporting for the quarter ending October 31, 2023. In the past year DE has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 11.22 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 11.22 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company (DE)is reporting for the quarter ending October 31, 2023. In the past year DE has beat the expectations every quarter.
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Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 11.22 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company (DE)is reporting for the quarter ending October 31, 2023. In the past year DE has beat the expectations every quarter.
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In the past year DE has beat the expectations every quarter. Deere & Company (DE)is reporting for the quarter ending October 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 11.22 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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720232.0
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2023-11-21 00:00:00 UTC
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Zacks Industry Outlook Highlights Deere & Co, AGCO Alamo Group, Titan International and CNH Industrial
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DE
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deere-co-agco-alamo-group-titan-international-and-cnh
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For Immediate Release
Chicago, IL – November 21, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO, Alamo Group ALG, Titan International TWI and CNH Industrial CNHI.
Industry: Farm Equipment
Link: https://www.zacks.com/commentary/2186590/4-farm-equipment-stocks-in-focus-on-strong-industry-trends
The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population. Deere & Co., AGCO Corp., Alamo Group and Titan International are well-poised to capitalize on this demand, backed by their efforts to grow their product offerings.
Focus on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is also expected to be a major catalyst. Companies like Deere, CNH Industrial and AGCO are thus investing heavily in upping their technology game.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers and mowers.
Some of the companies in the industry also produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. Deere, CNH Industrial and AGCO presently hold the foremost positions as the top three global manufacturers of agricultural equipment (in that order).
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Growing Demand for Food to Sustain the Industry: The USDA (U.S. Department of Agriculture) projects net farm income at $141.3 billion for 2023, 22.8% lower than in 2022, mainly due to a decline in direct government payments. In inflation-adjusted 2023 dollars, net farm income is forecast to decrease 25.4% in 2023. Despite the decline, income projections will be above the 2003-22 averages (in inflation-adjusted dollars). Farm size has been on the rise in the United States, which calls for more laborers.
Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The need to replace aging equipment will sustain the demand for the industry. Agricultural equipment demand will continue to be supported by increased global demand for food, both from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027 at a compound annual growth rate (CAGR) of 3.3% over 2021-2027.
Pricing, Cost Cutting Actions to Boost Margins: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources had led to higher lead times for deliveries. However industry players have recently been reporting improvements in the supply chain.
The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins. For instance, CNHI delivered record margins in the third quarter of 2023 despite weak demand in some categories, courtesy of its aggressive cost-containment actions. The company has announced a new restructuring program to enhance operational efficiencies and optimize the organization. It expects a run rate reduction of 10-15% on total labor and non-labor SG&A expenses.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy.
Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs as well as sustainability benefits. Deere, CNHI and AGCO are currently the forerunners in this. CNH Industrial's acquisition of Raven Industries in November 2021 marked an important milestone in the company's digital transformation. It expanded CNHI's portfolio of precision agriculture technology offerings and accelerated the development of advanced machine automation and autonomous agriculture technology.
The company recently acquired global satellite navigation technology leader Hemisphere, boosting its in-house precision, automation and autonomy technology. CNHI is working toward its plan to reduce reliance on third parties and attain leadership in automation technology.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #65, which places it in the top 26% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group's earnings growth potential. The Manufacturing - Farm Equipment industry's 2023 earnings estimates have improved 14% since the beginning of this year.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock market performance and valuation.
Industry Underperform Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have fallen 11.5% in the past 12 months against the S&P 500's growth of 14.9%. The Industrial Products sector has gained 3.5% in the said time frame.
Industry's Current Valuation
On the basis of the forward EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 10.31X compared with the S&P 500's 10.64X. The Industrial Products sector's forward 12-month EV/EBITDA is 13.51X.
Over the last five years, the industry has traded as high as 24.75X and as low as 9.47X, the median being 13.67X.
4 Manufacturing - Farm Equipment Stocks to Keep an Eye On
Alamo: Customer demand has been strong in the company's end markets, which aided ALG in delivering record sales and earnings in the third quarter of 2023 and maintaining the trend of solid performances for eight straight quarters. Enhanced supply chain performance has also benefited sales, while efforts to improve efficiency and lower costs have led to margin expansion. Strong order levels in both Vegetation Management and Industrial Equipment segments bode well for solid performances in the quarters ahead.
Sales in the Vegetation Management Division have exhibited an impressive CAGR of 22% from 2020 to 2022, surpassing the 6.4% growth of the Industrial Equipment Division, backed by solid demand for its diverse product lines, which is expected to continue. The acquisition of Timberwolf in October 2023 complements its existing range of tree care products and strengthens its presence in the U.K. and European forestry and tree care markets.
ALG also acquired Royal Truck & Equipment, a leading producer of specialized highway safety equipment, including crash attenuator trucks. This marks the company's foray into the highway safety equipment market, which has solid growth potential. The company's shares have gained 3% in the past six months.
The Zacks Consensus Estimate for the Seguin, TX-based company's ongoing-year earnings has been revised 4% upward in 90 days' time to $11.59 per share. The consensus mark implies year-over-year growth of around 34%. ALG has a trailing four-quarter earnings surprise of 19.9%, on average. It currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today's Zacks #1 Rank stocks here.
Titan International: Farm commodity prices and the necessity to replace old equipment will support the agricultural segment's order levels. The earthmoving and construction end markets look promising, with increased infrastructure, an upbeat mining sector and ramped-up construction activities acting as the key catalysts. The company's margins will reflect improved production efficiencies stemming from management actions taken to improve profitability in the long term. Its continued cost reduction and cash preservation measures position it well for growth.
The company's efforts to bring innovative products according to customers' evolving needs will continue to boost its top line. TWI's Low Sidewall Technology (LSW) wheel and tire assemblies have been gaining popularity since its introduction among farmers due to fuel efficiency and higher yield. Its strong balance sheet supports debt repayment and share repurchases while making investments in organic growth or highly selective acquisitions. Backed by these tailwinds, TWI shares have gained 23% in the past six months.
The Zacks Consensus Estimate for the West Chicago, IL-based company's earnings for fiscal 2023 is pegged at $1.54 per share. The estimate has moved up 2.7% over the past 90 days. It has a trailing four-quarter earnings surprise of 3.34%, on average. TWI currently carries a Zacks Rank #2 (Buy).
Deere: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE's cost-control actions have been supporting margins despite the persistent inflationary pressures. The company's shares have gained 7% in the past six months.
The Zacks Consensus Estimate for the Moline, IL-based company's fiscal 2023 earnings has moved up 4% over the past 90 days and is pegged at $33.89. The estimate implies year-over-year growth of 46%. DE has a trailing four-quarter earnings surprise of 15.4%, on average. Deere currently has an estimated long-term earnings growth rate of 12.1% and a Zacks Rank #3 (Hold).
AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company's cost-control measures, have driven margin expansion over the past few quarters.
AGCO recently announced a transformational joint venture with Trimble, which creates an industry-leading global mixed-fleet precision agricultural platform. This is AGCO's largest agricultural tech deal in its history. The company also signed an agreement to acquire digital assets from Germany-based FarmFacts GmbH that will add to its precision agriculture capabilities. AGCO shares have gained 3% in the past six months.
The Zacks Consensus Estimate for the company's fiscal 2023 earnings is pegged at $15.66, suggesting year-over-year growth of 26%. The consensus mark has moved up 4% over the past 90 days. AGCO has a trailing four-quarter earnings surprise of 16.4%, on average. The company has an estimated long-term earnings growth rate of 21.1%. This Duluth, GA-based company currently carries a Zacks Rank #3.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Titan International, Inc. (TWI): Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
CNH Industrial N.V. (CNHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. TWI's Low Sidewall Technology (LSW) wheel and tire assemblies have been gaining popularity since its introduction among farmers due to fuel efficiency and higher yield. For Immediate Release Chicago, IL – November 21, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO, Alamo Group ALG, Titan International TWI and CNH Industrial CNHI.
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For Immediate Release Chicago, IL – November 21, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO, Alamo Group ALG, Titan International TWI and CNH Industrial CNHI. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI): Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. Industry: Farm Equipment Link: https://www.zacks.com/commentary/2186590/4-farm-equipment-stocks-in-focus-on-strong-industry-trends The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population.
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Industry: Farm Equipment Link: https://www.zacks.com/commentary/2186590/4-farm-equipment-stocks-in-focus-on-strong-industry-trends The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI): Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere currently has an estimated long-term earnings growth rate of 12.1% and a Zacks Rank #3 (Hold). For Immediate Release Chicago, IL – November 21, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO, Alamo Group ALG, Titan International TWI and CNH Industrial CNHI. Industry: Farm Equipment Link: https://www.zacks.com/commentary/2186590/4-farm-equipment-stocks-in-focus-on-strong-industry-trends The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population.
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720233.0
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2023-11-21 00:00:00 UTC
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DE Quantitative Stock Analysis - Peter Lynch
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-peter-lynch-1
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
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Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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2023-11-21 00:00:00 UTC
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DE Earnings Preview: Here’s What to Expect from Fiscal Q4 Results
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DE
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https://www.nasdaq.com/articles/de-earnings-preview%3A-heres-what-to-expect-from-fiscal-q4-results
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Agricultural and construction equipment maker Deere (NYSE:DE) is scheduled to announce its fiscal fourth-quarter results on Wednesday, November 22. There are concerns about macro pressures and high interest rates impacting demand. That said, some analysts expect Deere to be resilient compared to its rivals.
Expectations from Deere’s Q4 Earnings
Deere exceeded analysts’ expectations in the first three quarters of Fiscal 2023, reflecting strong execution. The company’s Q3 FY23 earnings per share (EPS) of $10.20 reflected about a 66% year-over-year jump and easily surpassed analysts’ expectations of $8.22. The company upgraded its full-year outlook following upbeat third-quarter results, but investors remained unimpressed due to concerns about slower sales ahead.
Coming to Fiscal Q4 expectations, analysts expect the company’s net sales to decline about 5% year-over-year to $13.6 billion. However, they project EPS to increase slightly to $7.46 from $7.44 in the prior-year quarter.
On Monday, HSBC analyst Helen Fang initiated coverage of Caterpillar (NYSE: CAT) and Deere with Hold and Buy rating, respectively. The analyst thinks that the U.S. is poised to sustain its position as the world's leading construction machinery market. That said, the analyst highlighted some challenges, including rising second-hand inventory and a moderation in recent orders.
The analyst expects the U.S. to remain the largest end-market in 2023- 2025, backed by construction spending, non-residential construction, and US infrastructure bills. Between Caterpillar and Deere, HSBC prefers Deere, given that its agricultural machines and construction machines account for 72% and 21% of its 2023 estimated sales, respectively. The analyst believes that Deere is best positioned to capture the continued North American agricultural equipment upcycle with a dominant 60% market share.
Is Deere a Good Stock to Buy Now?
Wall Street is cautiously optimistic on Deere, with a Moderate Buy consensus rating based on seven Buys and eight Holds. The average price target of $433.39 implies 14% upside potential. Shares have declined more than 11% year-to-date.
Insights from Options Trading Activity
TipRanks now presents options activity to help investors plan their trades ahead of earnings releases. Options traders are pricing in a +/- 4.26% move on Deere’s earnings. DE shares have averaged a (0.74)% move in the last eight quarters. In particular, the stock declined 5.3% in reaction to the company’s Q3 FY23 results.
The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement.
Learn more about TipRanks’ Options tool here.
Conclusion
Wall Street expects a tough macro backdrop and growing inventory of used equipment to impact Deere’s Q4 FY23 performance. Overall, investor sentiment is cautious ahead of the upcoming results.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Agricultural and construction equipment maker Deere (NYSE:DE) is scheduled to announce its fiscal fourth-quarter results on Wednesday, November 22. The company upgraded its full-year outlook following upbeat third-quarter results, but investors remained unimpressed due to concerns about slower sales ahead. The analyst believes that Deere is best positioned to capture the continued North American agricultural equipment upcycle with a dominant 60% market share.
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Agricultural and construction equipment maker Deere (NYSE:DE) is scheduled to announce its fiscal fourth-quarter results on Wednesday, November 22. Coming to Fiscal Q4 expectations, analysts expect the company’s net sales to decline about 5% year-over-year to $13.6 billion. Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases.
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Expectations from Deere’s Q4 Earnings Deere exceeded analysts’ expectations in the first three quarters of Fiscal 2023, reflecting strong execution. Coming to Fiscal Q4 expectations, analysts expect the company’s net sales to decline about 5% year-over-year to $13.6 billion. Agricultural and construction equipment maker Deere (NYSE:DE) is scheduled to announce its fiscal fourth-quarter results on Wednesday, November 22.
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Coming to Fiscal Q4 expectations, analysts expect the company’s net sales to decline about 5% year-over-year to $13.6 billion. Options traders are pricing in a +/- 4.26% move on Deere’s earnings. DE shares have averaged a (0.74)% move in the last eight quarters.
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2023-11-20 00:00:00 UTC
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Should You Pick Deere Stock At $380 Ahead of Its Q4 Results?
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https://www.nasdaq.com/articles/should-you-pick-deere-stock-at-%24380-ahead-of-its-q4-results
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Deere (NYSE: DE) will report its Q4 2023 results on Wednesday, November 22 (fiscal ends in September) and we expect it to post revenue and earnings below the consensus estimates. There are rising concerns that the ongoing tractor boom may be nearing its end and that agriculture equipment demand may decline going forward. The U.S. farm income is also expected to decline 25% y-o-y in 2023 after seeing a sharp 31% rise in 2022. These concerns have weighed on DE stock in the recent past. Our interactive dashboard analysis of Deere’s Earnings Preview has additional details. So what are some trends likely to drive Deere’s results, and how has the company’s stock performed? DE stock has seen extremely strong gains of 40% from levels of $270 in early January 2021 to around $380 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period. However, the increase in DE stock has been far from consistent. Returns for the stock were 27% in 2021, 25% in 2022, and -11% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 18% in 2023 (YTD) – indicating that DE underperformed the S&P in 2023. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector, including UNP, GE, and CAT, and even for the megacap stars GOOG, TSLA, and MSFT.
In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could DE face a similar situation as it did in 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? Going by valuation, DE stock looks undervalued. We estimate Deere’s valuation to be $475 per share, about 25% above the current market price of $381. At its current levels, DE stock is trading at 11x its expected forward earnings of $33.72 on a per share and adjusted basis for full-fiscal 2023, compared to the last three-year average of 14x. Deere should continue to benefit from a strong demand environment for construction equipment, but agriculture equipment volume growth may see a decline. Furthermore, with dealer inventory levels normalizing, the overall sales are expected to decline 7% y-o-y to $13.4 billion (equipment operations) in Q4. Looking back at Q3, Deere’s revenues were up 12% to $15.8 billion. The equipment revenue stood at $14.3 billion compared to the consensus estimate of $14.1 billion. This growth was driven by a 12% rise in the Production & Precision Agriculture segment and a 14% rise in Construction & Forestry segment revenue. This can be attributed to better price realization and strong demand trends for construction equipment.The company’s consolidated operating margin improved by 350 bps to 22.3%, aided by better price realization in Q3. However, the Q4 operating margin is expected to be lower sequentially partly due to higher expected R&D expenses. We expect the bottom line to be $7.32 per share in Q4, reflecting a 2% y-o-y decline. It will be interesting to see the company’s management remarks on 2024 financials. It is likely that the DE stock will react more to the 2024 guidance than its Q4 performance.While DE stock looks undervalued, it is helpful to see how Deere’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DE Return 4% -11% 270%
S&P 500 Return 7% 17% 101%
Trefis Reinforced Value Portfolio 7% 26% 549%
[1] Month-to-date and year-to-date as of 11/16/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere (NYSE: DE) will report its Q4 2023 results on Wednesday, November 22 (fiscal ends in September) and we expect it to post revenue and earnings below the consensus estimates. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could DE face a similar situation as it did in 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? There are rising concerns that the ongoing tractor boom may be nearing its end and that agriculture equipment demand may decline going forward.
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Deere should continue to benefit from a strong demand environment for construction equipment, but agriculture equipment volume growth may see a decline. This can be attributed to better price realization and strong demand trends for construction equipment.The company’s consolidated operating margin improved by 350 bps to 22.3%, aided by better price realization in Q3. Total [2] DE Return 4% -11% 270% S&P 500 Return 7% 17% 101% Trefis Reinforced Value Portfolio 7% 26% 549% [1] Month-to-date and year-to-date as of 11/16/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At its current levels, DE stock is trading at 11x its expected forward earnings of $33.72 on a per share and adjusted basis for full-fiscal 2023, compared to the last three-year average of 14x. It is likely that the DE stock will react more to the 2024 guidance than its Q4 performance.While DE stock looks undervalued, it is helpful to see how Deere’s Peers fare on metrics that matter. Total [2] DE Return 4% -11% 270% S&P 500 Return 7% 17% 101% Trefis Reinforced Value Portfolio 7% 26% 549% [1] Month-to-date and year-to-date as of 11/16/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the increase in DE stock has been far from consistent. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 18% in 2023 (YTD) – indicating that DE underperformed the S&P in 2023. Furthermore, with dealer inventory levels normalizing, the overall sales are expected to decline 7% y-o-y to $13.4 billion (equipment operations) in Q4.
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2023-11-20 00:00:00 UTC
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4 Farm Equipment Stocks in Focus on Strong Industry Trends
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https://www.nasdaq.com/articles/4-farm-equipment-stocks-in-focus-on-strong-industry-trends
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The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population. Deere & Company DE, AGCO Corporation AGCO, Alamo Group ALG and Titan International TWI are well-poised to capitalize on this demand, backed by their efforts to grow their product offerings.
Focus on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is also expected to be a major catalyst. Companies like Deere, CNH Industrial CNHI and AGCO are thus investing heavily in upping their technology game.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers and mowers. Some of the companies in the industry also produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. Deere, CNH Industrial and AGCO presently hold the foremost positions as the top three global manufacturers of agricultural equipment (in that order).
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Growing Demand for Food to Sustain the Industry: The USDA (U.S. Department of Agriculture) projects net farm income at $141.3 billion for 2023, 22.8% lower than in 2022, mainly due to a decline in direct government payments. In inflation-adjusted 2023 dollars, net farm income is forecast to decrease 25.4% in 2023. Despite the decline, income projections will be above the 2003-22 averages (in inflation-adjusted dollars). Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The need to replace aging equipment will sustain the demand for the industry. Agricultural equipment demand will continue to be supported by increased global demand for food, both from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027 at a compound annual growth rate (CAGR) of 3.3% over 2021-2027.
Pricing, Cost Cutting Actions to Boost Margins: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources had led to higher lead times for deliveries. However industry players have recently been reporting improvements in the supply chain. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins. For instance, CNHI delivered record margins in the third quarter of 2023 despite weak demand in some categories, courtesy of its aggressive cost-containment actions. The company has announced a new restructuring program to enhance operational efficiencies and optimize the organization. It expects a run rate reduction of 10-15% on total labor and non-labor SG&A expenses.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs as well as sustainability benefits. Deere, CNHI and AGCO are currently the forerunners in this. CNH Industrial’s acquisition of Raven Industries in November 2021 marked an important milestone in the company’s digital transformation. It expanded CNHI’s portfolio of precision agriculture technology offerings and accelerated the development of advanced machine automation and autonomous agriculture technology. The company recently acquired global satellite navigation technology leader Hemisphere, boosting its in-house precision, automation and autonomy technology. CNHI is working toward its plan to reduce reliance on third parties and attain leadership in automation technology.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #65, which places it in the top 26% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. The Manufacturing - Farm Equipment industry’s 2023 earnings estimates have improved 14% since the beginning of this year.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation.
Industry Underperform Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have fallen 11.5% in the past 12 months against the S&P 500’s growth of 14.9%. The Industrial Products sector has gained 3.5% in the said time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 10.31X compared with the S&P 500’s 10.64X. The Industrial Products sector’s forward 12-month EV/EBITDA is 13.51X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Over the last five years, the industry has traded as high as 24.75X and as low as 9.47X, the median being 13.67X.
4 Manufacturing - Farm Equipment Stocks to Keep an Eye on
Alamo: Customer demand has been strong in the company’s end markets, which aided ALG in delivering record sales and earnings in the third quarter of 2023 and maintaining the trend of solid performances for eight straight quarters. Enhanced supply chain performance has also benefited sales, while efforts to improve efficiency and lower costs have led to margin expansion. Strong order levels in both Vegetation Management and Industrial Equipment segments bode well for solid performances in the quarters ahead. Sales in the Vegetation Management Division have exhibited an impressive CAGR of 22% from 2020 to 2022, surpassing the 6.4% growth of the Industrial Equipment Division, backed by solid demand for its diverse product lines, which is expected to continue. The acquisition of Timberwolf in October 2023 complements its existing range of tree care products and strengthens its presence in the U.K. and European forestry and tree care markets. ALG also acquired Royal Truck & Equipment, a leading producer of specialized highway safety equipment, including crash attenuator trucks. This marks the company’s foray into the highway safety equipment market, which has solid growth potential. The company's shares have gained 3% in the past six months.
The Zacks Consensus Estimate for the Seguin, TX-based company’s ongoing-year earnings has been revised 4% upward in 90 days’ time to $11.59 per share. The consensus mark implies year-over-year growth of around 34%. ALG has a trailing four-quarter earnings surprise of 19.9%, on average. It currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: ALG
Titan International: Farm commodity prices and the necessity to replace old equipment will support the agricultural segment’s order levels. The earthmoving and construction end markets look promising, with increased infrastructure, an upbeat mining sector and ramped-up construction activities acting as the key catalysts. The company’s margins will reflect improved production efficiencies stemming from management actions taken to improve profitability in the long term. Its continued cost reduction and cash preservation measures position it well for growth. The company’s efforts to bring innovative products according to customers’ evolving needs will continue to boost its top line. TWI’s Low Sidewall Technology (LSW) wheel and tire assemblies have been gaining popularity since its introduction among farmers due to fuel efficiency and higher yield. Its strong balance sheet supports debt repayment and share repurchases while making investments in organic growth or highly selective acquisitions. Backed by these tailwinds, TWI shares have gained 23% in the past six months.
The Zacks Consensus Estimate for the West Chicago, IL-based company’s earnings for fiscal 2023 is pegged at $1.54 per share. The estimate has moved up 2.7% over the past 90 days. It has a trailing four-quarter earnings surprise of 3.34%, on average. TWI currently carries a Zacks Rank #2 (Buy).
Price & Consensus: TWI
Deere: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE’s cost-control actions have been supporting margins despite the persistent inflationary pressures. The company’s shares have gained 7% in the past six months.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 4% over the past 90 days and is pegged at $33.89. The estimate implies year-over-year growth of 46%. DE has a trailing four-quarter earnings surprise of 15.4%, on average. Deere currently has an estimated long-term earnings growth rate of 12.1% and a Zacks Rank #3 (Hold).
Price & Consensus: DE
AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company’s cost-control measures, have driven margin expansion over the past few quarters. AGCO recently announced a transformational joint venture with Trimble, which creates an industry-leading global mixed-fleet precision agricultural platform. This is AGCO’s largest agricultural tech deal in its history. The company also signed an agreement to acquire digital assets from Germany-based FarmFacts GmbH that will add to its precision agriculture capabilities. AGCO shares have gained 3% in the past six months.
The Zacks Consensus Estimate for the company’s fiscal 2023 earnings is pegged at $15.66, suggesting year-over-year growth of 26%. The consensus mark has moved up 4% over the past 90 days. AGCO has a trailing four-quarter earnings surprise of 16.4%, on average. The company has an estimated long-term earnings growth rate of 21.1%. This Duluth, GA-based company currently carries a Zacks Rank #3.
Price & Consensus: AGCO
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Titan International, Inc. (TWI): Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
CNH Industrial N.V. (CNHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. TWI’s Low Sidewall Technology (LSW) wheel and tire assemblies have been gaining popularity since its introduction among farmers due to fuel efficiency and higher yield. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood.
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Deere & Company DE, AGCO Corporation AGCO, Alamo Group ALG and Titan International TWI are well-poised to capitalize on this demand, backed by their efforts to grow their product offerings. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI): Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population.
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Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI): Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population.
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The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population. Deere & Company DE, AGCO Corporation AGCO, Alamo Group ALG and Titan International TWI are well-poised to capitalize on this demand, backed by their efforts to grow their product offerings. Companies like Deere, CNH Industrial CNHI and AGCO are thus investing heavily in upping their technology game.
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720237.0
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2023-11-20 00:00:00 UTC
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The Zacks Analyst Blog Highlights Amazon.com, Deere, Citigroup, MercadoLibre and The Sherwin-Williams Company
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-amazon.com-deere-citigroup-mercadolibre-and-the-sherwin
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For Immediate Release
Chicago, IL – November 20, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, Deere & Co. DE, Citigroup Inc. C, MercadoLibre, Inc. MELI and The Sherwin-Williams Company SHW.
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Amazon, Deere and Citigroup
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Deere & Co. and Citigroup Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Amazon shares have outperformed the Zacks Internet - Commerce industry over the past year (+51.7% vs. +37.0%). The Zacks analyst believes that the company is gaining from strong Prime momentum owing to ultrafast delivery services, strong content portfolio and strengthening relationships with third-party sellers. Expanding AWS services portfolio, robust Alexa skills and the company's strong global presence remain as major tailwinds.
Yet, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns.
(You can read the full research report on Amazon here >>>)
Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%). The Zacks analyst believes that growing infrastructural investments in the United States are likely to push the demand for construction equipment up, alongside raising strong replacement demand.
Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors.
However, inflated material, labor costs and supply chain challenges are anticipated to impact the company's margins.
(You can read the full research report on Deere here >>>)
Shares of Citigroup have underperformed the Zacks Banks – Major Regional industry over the past two years (-33.4% vs. -24.8%). Per the Zacks analyst, rising operating expenses due to investments and transformations are likely to limit Citigroup's bottom-line growth. Rising funding costs and the fee income volatility remain major headwinds.
However, the company has benefited from growth in core businesses by streamlining its operations internationally. Decent liquidity and capital distribution activities have also enhanced shareholder value.
(You can read the full research report on Citigroup here >>>)
Other noteworthy reports we are featuring today include MercadoLibre, Inc. and The Sherwin-Williams Company.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Citigroup Inc. (C) : Free Stock Analysis Report
The Sherwin-Williams Company (SHW) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
MercadoLibre, Inc. (MELI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood.
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Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, Deere & Co. DE, Citigroup Inc. C, MercadoLibre, Inc. MELI and The Sherwin-Williams Company SHW. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Deere & Co. and Citigroup Inc. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report The Sherwin-Williams Company (SHW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Friday’s Analyst Blog: Top Analyst Reports for Amazon, Deere and Citigroup The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Deere & Co. and Citigroup Inc. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report The Sherwin-Williams Company (SHW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Friday’s Analyst Blog: Top Analyst Reports for Amazon, Deere and Citigroup The Zacks Research Daily presents the best research output of our analyst team. Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, Deere & Co. DE, Citigroup Inc. C, MercadoLibre, Inc. MELI and The Sherwin-Williams Company SHW. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Deere & Co. and Citigroup Inc.
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2023-11-17 00:00:00 UTC
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Top Analyst Reports for Amazon, Deere & Citigroup
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https://www.nasdaq.com/articles/top-analyst-reports-for-amazon-deere-citigroup
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Friday, November 17, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Deere & Company (DE) and Citigroup Inc. (C). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Amazon shares have outperformed the Zacks Internet - Commerce industry over the past year (+51.7% vs. +37.0%). The Zacks analyst believes that the company is gaining from strong Prime momentum owing to ultrafast delivery services, strong content portfolio and strengthening relationship with third-party sellers. Expanding AWS services portfolio, robust Alexa skills and the company’s strong global presence remain as major tailwinds.
Yet, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns.
(You can read the full research report on Amazon here >>>)
Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%). The Zacks analyst believes that growing infrastructural investments in the United States are likely to push the demand for construction equipment up, alongside raising strong replacement demand.
Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors.
However, inflated material, labor costs and supply chain challenges are anticipated to impact the company's margins.
(You can read the full research report on Deere here >>>)
Shares of Citigroup have underperformed the Zacks Banks – Major Regional industry over the past two years (-33.4% vs. -24.8%). Per the Zacks analyst, rising operating expenses due to investments and transformations are likely to limit Citigroup’s bottom-line growth. Rising funding costs and the fee income volatility remain major headwinds.
However, the company has benefitted from growth in core businesses by streamlining its operations internationally. Decent liquidity and capital distribution activities have also enhanced shareholder value.
(You can read the full research report on Citigroup here >>>)
Other noteworthy reports we are featuring today include Eaton Corporation plc (ETN), MercadoLibre, Inc. (MELI) and The Sherwin-Williams Company (SHW).
Director of Research
Sheraz Mian
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Prime Momentum & Growing AWS Adoption Benefit Amazon (AMZN)
Deere (DE) Gains from Strong Demand Amid Elevated Costs
Organizational Reforms Aid Citigroup, High Costs Ail
Featured Reports
Low Breakeven Costs Aid Coterra's (CTRA) Cash Flows
The Zacks analyst believes that Coterra Energy's extremely low commodity breakeven costs should generate robust cash flows but is worried over the company's high sensitivity to natural gas prices.
Sonos (SONO) Performance Gains From Solid Demand for Speakers
Per the Zacks analyst, Sonos' performance is gaining from the robust uptake of Era 100 and Era 300 speakers. However, stiff competition is a headwind.
Rise in Digital Subscribers to Lift NY Times' (NYT) Revenues
Per the Zacks analyst, The New York Times Company benefits from increase in digital subscribers. Management anticipates digital-only subscription revenues to rise 6-9% in fourth-quarter 2023.
Travelers (TRV) Rides on Auto & Homeowners, Cat Loss Hurts
Per the Zacks analyst, consistent progress and strong market of the auto and homeowners business have driven revenues. However, exposure to catastrophe loss induces earnings volatility.
Solid Digital Efforts Aid Restaurant Brands (QSR), High Costs Ail
Per the Zacks analyst, Restaurant Brands benefits from menu innovation, digital initiatives, and expansion efforts. However, commodity and wage inflation are a concern
ANSYS' (ANSS) Performance Driven by Robust Product Portfolio
Per the Zacks Analyst, increasing demand for simulation solutions across verticals like aerospace and high tech is driving ANSYS's performance. China headwinds and stiff competition are concerning.
Protection Services Line Aids Allstate (ALL), High Debt Ails
Per the Zacks analyst, Allstate's expanding Protection Services business offers diversification advantages. However, the escalating debt is a concern, impacting financial flexibility.
New Upgrades
Toyota (TM) to Gain From Robust Line-up & Electric Push
The Zacks analyst believes that Toyota's sales volume is set to benefit from its robust lineup of trucks and sport utility vehicles. Its aim to expand global sales of electric vehicles is impressive.
A Patient-Centric Business Model Continues to Aid DaVita (DVA)
The Zacks analyst is upbeat about DaVita's patient-centric care model that leverages its platform of kidney care services despite its dependence on commercial payers.
Solid Foothold in MedTech Space Aids Integer Holdings (ITGR)
The Zacks analyst is upbeat about Integer Holdings' solid product suite that serves the cardiac and neuromodulation markets, among others, despite its operation in a highly competitive market.
New Downgrades
Inflation and Supply Shortage May Hurt Canadian Solar (CSIQ)
Per the Zacks analyst, higher inflation could increase the costs of raw materials for Canadian Solar. Also, disruption in the supply of battery cells from its suppliers pose risk for the stock.
Werner Enterprises (WERN) Reels Under High Operating Costs
The Zacks analyst is worried about elevated labor costs at Werner. The lackluster freight demand scenario represents another headwind.
Weakness in Communication Market Ails Analog Devices (ADI)
Per the Zacks analyst, Analog Devices is suffering sluggishness in communication end market due to ongoing inventory corrections.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Citigroup Inc. (C) : Free Stock Analysis Report
The Sherwin-Williams Company (SHW) : Free Stock Analysis Report
Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
MercadoLibre, Inc. (MELI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(You can read the full research report on Amazon here >>>) Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%). Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors. (You can read the full research report on Deere here >>>) Shares of Citigroup have underperformed the Zacks Banks – Major Regional industry over the past two years (-33.4% vs. -24.8%).
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(You can read the full research report on Citigroup here >>>) Other noteworthy reports we are featuring today include Eaton Corporation plc (ETN), MercadoLibre, Inc. (MELI) and The Sherwin-Williams Company (SHW). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Prime Momentum & Growing AWS Adoption Benefit Amazon (AMZN) Deere (DE) Gains from Strong Demand Amid Elevated Costs Organizational Reforms Aid Citigroup, High Costs Ail Featured Reports Low Breakeven Costs Aid Coterra's (CTRA) Cash Flows The Zacks analyst believes that Coterra Energy's extremely low commodity breakeven costs should generate robust cash flows but is worried over the company's high sensitivity to natural gas prices. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report The Sherwin-Williams Company (SHW) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Deere & Company (DE) and Citigroup Inc. (C). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Prime Momentum & Growing AWS Adoption Benefit Amazon (AMZN) Deere (DE) Gains from Strong Demand Amid Elevated Costs Organizational Reforms Aid Citigroup, High Costs Ail Featured Reports Low Breakeven Costs Aid Coterra's (CTRA) Cash Flows The Zacks analyst believes that Coterra Energy's extremely low commodity breakeven costs should generate robust cash flows but is worried over the company's high sensitivity to natural gas prices. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report The Sherwin-Williams Company (SHW) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Deere & Company (DE) and Citigroup Inc. (C). The Zacks analyst believes that the company is gaining from strong Prime momentum owing to ultrafast delivery services, strong content portfolio and strengthening relationship with third-party sellers. (You can read the full research report on Amazon here >>>) Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%).
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720239.0
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2023-11-17 00:00:00 UTC
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Deere (DE) to Report Q4 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/deere-de-to-report-q4-earnings%3A-whats-in-the-offing-0
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Deere & Company DE is scheduled to report fourth-quarter fiscal 2023 results on Nov 22, before the opening bell.
Which Way Are Estimates Trending?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.49 for the fiscal fourth quarter, suggesting growth of 0.67% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $13.8 billion, indicating a year-over-year decrease of 3.9%.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
Q3 Results
Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the third quarter of fiscal 2023. The bottom and top lines increased year over year. On average, the company has a trailing four-quarter earnings surprise of 15.4%.
What Does Our Model Indicate?
Our proven model predicts an earnings beat for Deere for fourth-quarter fiscal 2023. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: The Earnings ESP for Deere is +0.25%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: Deere currently carries a Zacks Rank #3.
Key Factors to Consider
Although agricultural commodity prices have been volatile through the August-October quarter, they were above historical averages. This is expected to have prompted farmers to boost spending on new agricultural equipment and replace the old ones. The preference for Deere’s products for their advanced technologies and features is likely to be reflected in its fiscal fourth- quarter revenues.
However, high production costs; selling, administrative and general expenses; research and development expenses; and the unfavorable effects of foreign currency exchange are likely to have impacted the company’s margin in the quarter. We expect research and development expenses to be up 9.3% year over year and selling, administrative and general expenses to increase 5.5% year over year in the quarter.
Nevertheless, favorable price realization and higher shipment volumes/sales mix are expected to have negated some of these headwinds, as seen in the fiscal first quarter. Also, recently, industry players have noted that supply-chain issues have shown signs of easing, which is likely to have aided Deere’s performance fourth-quarter performance.
Segment Projections
Our model predicts the Production & Precision Agriculture segment’s revenues to be $6,567 million for the fiscal fourth quarter, suggesting a year-over-year decrease of 11.7%. We expect the segment’s operating profit to be $1,677 million, indicating a 3.6% fall from the prior-year quarter’s reported figure. Gains from higher shipment volumes and price realization are likely to have been somewhat offset by escalated production costs and higher R&D and SA&G expenses.
Our estimate for the Small Agriculture & Turf segment’s revenues is pegged at $3,175 million for the fiscal fourth quarter, indicating a 10.4% decline from the prior-year quarter. The segment’s operating profit is estimated at $483 million, suggesting a 4.6% year-over-year fall. The small Agriculture & Turf segment’s performance is expected to have been affected by elevated production costs, higher R&D and SA&G expenses and the unfavorable effects of foreign exchange, partially offset by price realization and improved shipment volumes.
The Construction & Forestry segment’s sales are estimated at $3,772 million for the fiscal fourth quarter, up 11.8% from the prior-year quarter’s reported number on solid demand. We predict the segment’s operating profit to rise 63.5% from the prior-year quarter’s reported figure to $677 million.
Our estimate for the Financial Services segment’s revenues is pegged at $1,049 million for the fiscal fourth quarter, up 6.1% from the year-ago quarter. Our projection for the segment’s operating profit is pinned at $276 million, whereas it reported $297 million in the prior-year quarter.
Price Performance
Deere’s shares have lost 7.5% in the past year compared with the industry’s fall of 73.4%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Here are some other stocks that you might consider, as our model shows that these, too, have the right combination of elements to beat on earnings in the upcoming releases.
American Eagle Outfitters, Inc. AEO, scheduled to release earnings on Nov 21, has an Earnings ESP of +4.51. It has a trailing four-quarter surprise of 43.2%, on average.
The Zacks Consensus Estimate for American Eagle Outfitters’ earnings for the third quarter is currently pegged at 48 cents. AEO currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Costco Wholesale Corporation COST, scheduled to release earnings on Dec 14, has an Earnings ESP of +4.26.
The Zacks Consensus Estimate for Costco Wholesale’s earnings for the fiscal first quarter of 2024 is currently pegged at $3.43. COST currently carries a Zacks Rank #2. It has a trailing four-quarter surprise of 2.1%, on average.
American Public Education, Inc. APEI, expected to release earnings soon, has an Earnings ESP of +92.99.
The Zacks Consensus Estimate for American Public Education’s earnings for the fiscal first quarter of 2024 is currently pegged at 8 cents. APEI currently carries a Zacks Rank #2. It has a trailing four-quarter surprise of 23.2%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
American Public Education, Inc. (APEI) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.49 for the fiscal fourth quarter, suggesting growth of 0.67% from the year-ago reported figure. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Deere & Company DE is scheduled to report fourth-quarter fiscal 2023 results on Nov 22, before the opening bell.
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Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Q3 Results Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the third quarter of fiscal 2023. Segment Projections Our model predicts the Production & Precision Agriculture segment’s revenues to be $6,567 million for the fiscal fourth quarter, suggesting a year-over-year decrease of 11.7%. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report American Public Education, Inc. (APEI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.49 for the fiscal fourth quarter, suggesting growth of 0.67% from the year-ago reported figure. Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Q3 Results Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the third quarter of fiscal 2023. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report American Public Education, Inc. (APEI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.49 for the fiscal fourth quarter, suggesting growth of 0.67% from the year-ago reported figure. Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Q3 Results Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the third quarter of fiscal 2023. Image Source: Zacks Investment Research Other Stocks to Consider Here are some other stocks that you might consider, as our model shows that these, too, have the right combination of elements to beat on earnings in the upcoming releases.
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2a50a8e3-4498-4d64-8465-9f11026635c9
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720240.0
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2023-11-17 00:00:00 UTC
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My 16 Best Stocks to Buy Now
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https://www.nasdaq.com/articles/my-16-best-stocks-to-buy-now
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Fool.com contributor Parkev Tatevosian highlights and reviews his top-rated stocks, providing an update on the list he has maintained throughout the year.
*Stock prices used were the afternoon prices of Nov. 15, 2023. The video was published on Nov. 17, 2023.
10 stocks we like better than Visa
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Visa wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 15, 2023
Parkev Tatevosian, CFA has positions in 3M, Mastercard, PayPal, and Visa. The Motley Fool has positions in and recommends Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, StoneCo, Target, and Visa. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, short December 2023 $67.50 puts on PayPal, short January 2024 $45 calls on eBay, and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, StoneCo, Target, and Visa. The video was published on Nov. 17, 2023.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, short December 2023 $67.50 puts on PayPal, short January 2024 $45 calls on eBay, and short January 2025 $380 calls on Mastercard. The video was published on Nov. 17, 2023.
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The Motley Fool has positions in and recommends Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, StoneCo, Target, and Visa. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, short December 2023 $67.50 puts on PayPal, short January 2024 $45 calls on eBay, and short January 2025 $380 calls on Mastercard. The video was published on Nov. 17, 2023.
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The video was published on Nov. 17, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, StoneCo, Target, and Visa.
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720241.0
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2023-11-17 00:00:00 UTC
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Stay Ahead of the Game With Deere (DE) Q4 Earnings: Wall Street's Insights on Key Metrics
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https://www.nasdaq.com/articles/stay-ahead-of-the-game-with-deere-de-q4-earnings%3A-wall-streets-insights-on-key-metrics
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In its upcoming report, Deere (DE) is predicted by Wall Street analysts to post quarterly earnings of $7.49 per share, reflecting an increase of 0.7% compared to the same period last year. Revenues are forecasted to be $13.63 billion, representing a year-over-year decrease of 5%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Deere metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales)' at $9.85 billion. The estimate indicates a year-over-year change of -10.3%.
Analysts expect 'Net Sales and Revenues- Equipment Operations- Net sales' to come in at $13.59 billion. The estimate indicates a change of -5.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales and Revenues- Construction & forestry net sales' of $3.74 billion. The estimate points to a change of +10.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales and Revenues- Other revenues' should come in at $299.02 million. The estimate indicates a change of +51.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net Sales and Revenues- Financial services revenues' will likely reach $1.12 billion. The estimate indicates a year-over-year change of +13.2%.
Analysts predict that the 'Net Sales and Revenues- Production & precision ag net sales' will reach $6.62 billion. The estimate indicates a change of -11% from the prior-year quarter.
The consensus among analysts is that 'Net Sales and Revenues- Small ag & turf net sales' will reach $3.21 billion. The estimate indicates a year-over-year change of -9.5%.
Based on the collective assessment of analysts, 'Operating profit- Agriculture and turf (Production & precision ag + Small ag & turf)' should arrive at $2.05 billion. Compared to the present estimate, the company reported $2.25 billion in the same quarter last year.
Analysts' assessment points toward 'Operating profit- Construction & forestry' reaching $650.52 million. The estimate is in contrast to the year-ago figure of $414 million.
Analysts forecast 'Operating Profit- Financial services' to reach $284.12 million. Compared to the present estimate, the company reported $297 million in the same quarter last year.
The consensus estimate for 'Operating profit- Equipment Operations' stands at $2.72 billion. Compared to the current estimate, the company reported $2.66 billion in the same quarter of the previous year.
It is projected by analysts that the 'Operating profit- Production & precision ag' will reach $1.63 billion. Compared to the current estimate, the company reported $1.74 billion in the same quarter of the previous year.
View all Key Company Metrics for Deere here>>>
Deere shares have witnessed a change of -0.7% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), DE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In its upcoming report, Deere (DE) is predicted by Wall Street analysts to post quarterly earnings of $7.49 per share, reflecting an increase of 0.7% compared to the same period last year. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Given this perspective, it's time to examine the average forecasts of specific Deere metrics that are routinely monitored and predicted by Wall Street analysts.
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In its upcoming report, Deere (DE) is predicted by Wall Street analysts to post quarterly earnings of $7.49 per share, reflecting an increase of 0.7% compared to the same period last year. Revenues are forecasted to be $13.63 billion, representing a year-over-year decrease of 5%. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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In its upcoming report, Deere (DE) is predicted by Wall Street analysts to post quarterly earnings of $7.49 per share, reflecting an increase of 0.7% compared to the same period last year. Revenues are forecasted to be $13.63 billion, representing a year-over-year decrease of 5%. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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In its upcoming report, Deere (DE) is predicted by Wall Street analysts to post quarterly earnings of $7.49 per share, reflecting an increase of 0.7% compared to the same period last year. Revenues are forecasted to be $13.63 billion, representing a year-over-year decrease of 5%. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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720242.0
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2023-11-16 00:00:00 UTC
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Will Deere (DE) Beat Estimates Again in Its Next Earnings Report?
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https://www.nasdaq.com/articles/will-deere-de-beat-estimates-again-in-its-next-earnings-report-1
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry.
When looking at the last two reports, this agricultural equipment manufacturer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 18.95%, on average, in the last two quarters.
For the most recent quarter, Deere was expected to post earnings of $8.14 per share, but it reported $10.20 per share instead, representing a surprise of 25.31%. For the previous quarter, the consensus estimate was $8.57 per share, while it actually produced $9.65 per share, a surprise of 12.60%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Deere lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Deere currently has an Earnings ESP of +0.25%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on November 22, 2023.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. When looking at the last two reports, this agricultural equipment manufacturer has recorded a strong streak of surpassing earnings estimates.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. When looking at the last two reports, this agricultural equipment manufacturer has recorded a strong streak of surpassing earnings estimates.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. When looking at the last two reports, this agricultural equipment manufacturer has recorded a strong streak of surpassing earnings estimates.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. When looking at the last two reports, this agricultural equipment manufacturer has recorded a strong streak of surpassing earnings estimates.
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2023-11-16 00:00:00 UTC
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How to Boost Your Portfolio with Top Industrial Products Stocks Set to Beat Earnings
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Deere?
The final step today is to look at a stock that meets our ESP qualifications. Deere (DE) earns a #3 (Hold) six days from its next quarterly earnings release on November 22, 2023, and its Most Accurate Estimate comes in at $7.51 a share.
DE has an Earnings ESP figure of +0.25%, which, as explained above, is calculated by taking the percentage difference between the $7.51 Most Accurate Estimate and the Zacks Consensus Estimate of $7.49. Deere is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DE is one of just a large database of Industrial Products stocks with positive ESPs. Another solid-looking stock is Parker-Hannifin (PH).
Parker-Hannifin is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on February 1, 2024. PH's Most Accurate Estimate sits at $5.20 a share 77 days from its next earnings release.
Parker-Hannifin's Earnings ESP figure currently stands at +0.18% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $5.19.
DE and PH's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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Deere & Company (DE) : Free Stock Analysis Report
Parker-Hannifin Corporation (PH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And out of all of the metrics and results to consider, earnings is one of the most important. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report To read this article on Zacks.com click here. And out of all of the metrics and results to consider, earnings is one of the most important. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task.
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And out of all of the metrics and results to consider, earnings is one of the most important. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction.
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Deere (DE) earns a #3 (Hold) six days from its next quarterly earnings release on November 22, 2023, and its Most Accurate Estimate comes in at $7.51 a share. And out of all of the metrics and results to consider, earnings is one of the most important. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task.
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2023-11-15 00:00:00 UTC
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Deere (DE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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https://www.nasdaq.com/articles/deere-de-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-release-0
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Deere (DE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 22. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This agricultural equipment manufacturer is expected to post quarterly earnings of $7.58 per share in its upcoming report, which represents a year-over-year change of +1.9%.
Revenues are expected to be $13.78 billion, down 4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Deere?
For Deere, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.25%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Deere will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Deere would post earnings of $8.14 per share when it actually produced earnings of $10.20, delivering a surprise of +25.31%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Deere doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Deere (DE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2023.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). Deere (DE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Deere, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. Deere (DE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2023.
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For the last reported quarter, it was expected that Deere would post earnings of $8.14 per share when it actually produced earnings of $10.20, delivering a surprise of +25.31%. Deere (DE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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720245.0
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2023-11-14 00:00:00 UTC
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Deere (DE) Increases Yet Falls Behind Market: What Investors Need to Know
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https://www.nasdaq.com/articles/deere-de-increases-yet-falls-behind-market%3A-what-investors-need-to-know-0
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The latest trading session saw Deere (DE) ending at $374.96, denoting a +1.41% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.91%. At the same time, the Dow added 1.43%, and the tech-heavy Nasdaq gained 2.37%.
Shares of the agricultural equipment manufacturer witnessed a loss of 5.32% over the previous month, trailing the performance of the Industrial Products sector with its loss of 0.86% and the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. The company's earnings report is set to go public on November 22, 2023. The company's earnings per share (EPS) are projected to be $7.58, reflecting a 1.88% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $13.8 billion, indicating a 3.86% decline compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.2% higher. Deere is currently a Zacks Rank #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 11.25. For comparison, its industry has an average Forward P/E of 11.53, which means Deere is trading at a discount to the group.
It is also worth noting that DE currently has a PEG ratio of 0.93. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Manufacturing - Farm Equipment industry held an average PEG ratio of 1.13.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the meantime, our current consensus estimate forecasts the revenue to be $13.8 billion, indicating a 3.86% decline compared to the corresponding quarter of the prior year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.
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As of the close of trade yesterday, the Manufacturing - Farm Equipment industry held an average PEG ratio of 1.13. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The latest trading session saw Deere (DE) ending at $374.96, denoting a +1.41% adjustment from its last day's close.
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The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The latest trading session saw Deere (DE) ending at $374.96, denoting a +1.41% adjustment from its last day's close. At the same time, the Dow added 1.43%, and the tech-heavy Nasdaq gained 2.37%.
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Investors should also take note of any recent adjustments to analyst estimates for Deere. The latest trading session saw Deere (DE) ending at $374.96, denoting a +1.41% adjustment from its last day's close. At the same time, the Dow added 1.43%, and the tech-heavy Nasdaq gained 2.37%.
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2023-11-14 00:00:00 UTC
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The 7 Best Commodities Stocks to Buy Based on Expert Predictions
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https://www.nasdaq.com/articles/the-7-best-commodities-stocks-to-buy-based-on-expert-predictions
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The direction of commodities stocks is clear per a recent article in the Wall Street Journal. Investors seeking to follow the experts should place their capital in three areas: Mined resources, agriculture and oil.
The mining firms that produce the basic materials, including lithium, zinc, steel, gold and other precious metals, are in position to rise. China’s economy is slumping but a rebound there will send prices higher. Electric vehicles are facing similar issues.
Oil prices are trending up and the situation in the Middle East could send prices upward. Agricultural prices are lower in 2023 but further disruptions in Ukraine could catalyze a reversion to 2022 levels. Additionally, El Niño weather patterns threaten production in Brazil.
Deere (DE)
Source: mark stephens photography / Shutterstock.com
Deere (NYSE:DE) won’t release earnings again until Nov. 22, so we’ll start by reviewing its most recent earnings from August.
For those who’ve been following the equipment manufacturer over the last few years, it was redundant: Deere performed exceedingly well. That allowed firm management to raise guidance for the fiscal year which will end on Nov. 22 when it reports Q4 results.
The reason to get in now is straightforward: When Deere released earnings in August they were received with trepidation despite the strong performance. Fears about peak equipment sales were to blame.
However, with earnings estimates having risen over the quarter there’s reason to assume those fears will go unfounded. Further, there are multiple variables that could swing in favor of agriculture due to unstable geopolitics at present.
Deere has shown that it has what it takes to produce better than expected results quarter after quarter over the last few years. Bears will always discredit those notions, but bulls seem to win more often on Deere and its shares.
BASF (BASFY)
Source: nitpicker / Shutterstock
BASF (OTCMKTS:BASFY) is a massive German firm that is primarily known as an agriculture company. Its Chemicals, Industrial Solutions, Nutrition, and Agricultural Solutions certainly contribute to that perception.
And those segments account for the bulk of its revenues. So, the perception is deserved. However, it operates in other areas and shouldn’t be considered a pure play agricultural stock.
Regardless, BASF is highly exposed to the agricultural sector and its scale means that when the agriculture sector booms, it does too.
That truth is well reflected in its earnings statements that include figures from both 2022 and 2023. Volumes declined by 9.4% in Q3 on prices that fell by 14.4%. The result was that BASF’s revenues fell by €6.211 billion to €15.735 billion.
The company took advantage of 2022’s windfalls and used the subsequent decline in 2023 to buy Solvay Agro for €1.3 billion. Meanwhile, BASF continues to invest in green energy and greener production broadly. It’s a well-diversified firm that can win in many ways, particularly when agricultural commodities rise.
Corteva (CTVA)
Source: Jonathan Weiss / Shutterstock
Corteva (NYSE:CTVA) is a pure play agriculture stock. It’s interesting for many reasons. One of those reasons is it’s exposed to the El Niño weather patterns that threaten production in Brazil that I mentioned in the introduction.
The company released earnings on Nov. 8 that included downward revisions to its Brazil operations. Normally, that would be a bad piece of news and while CTVA shares did fall, the firm’s guidance remained unchanged for the year.
The worst-case scenario in Brazil is baked into current prices while Corteva remains positive overall. The company continues to see strong demand for grain and oilseeds and reports that farmer balance sheets continue to be strong.
CTVA shares are trading below analysts’ low target price currently but the reaction to Q3 earnings was overdone. Get in now and secure low price shares, a moderate dividend, and a lot of upside potential.
Newmont (NEM)
Source: Piotr Swat/Shutterstock
Newmont (NYSE:NEM) is one of the largest and best-known mining stocks available. In fact, it’s the largest gold mining firm on earth and produced more gold than any other mining firm during the year.
As the Wall Street Journal article mentioned, precious metals mining commodities firms are the ones to watch for the remainder of 2023.
As mentioned, Newmont is the biggest gold mining firm globally. However, Newmont just got bigger. The company just closed its pending acquisition of Newcrest, a major Australian Gold producer. In other words, Newmont’s already strong economies of scale are getting stronger.
During the third quarter, Newmont’s operational performance remained strong. Essentially, Newmont continues to run its already strong operations. The cost of the gold that it sold exceeded the costs of production of said gold.
Newmont will remain on the watch lists of many investors, particularly those who remain deeply interested in the performance of gold. It remains a strong choice for all investors, not just gold bugs.
Wheaton Precious Metals (WPM)
Source: Postmodern Studio / Shutterstock
Wheaton Precious Metals (NYSE:WPM) is another precious metals Mining stock that investors should keep a close eye on. Like Newmont, Wheaton Precious Metals is primarily a gold mining firm but it also produces other precious metals.
That said, Wheaton Precious Metals differs from Newmont in how it conducts business. Wheaton Precious Metals is what’s known as a streaming firm. While Newmont operates mines, Wheaton precious metals instead purchases production from various mines around the world.
It currently owns the rights to 19 streams, 21 operating mines, and 13 development stage projects. So, when prices rise Wheaton precious metals tends to do very well because of the contract pricing upon which it operates. Conversely, when prices weaken, Wheaton Precious Metals tends to do worse for the same reason.
Right now, with precious metals prices appearing to be trending upward Wheaton Precious Metals remains in position to create substantial returns for investors. For investors who are considering other Commodities like lithium, a firm like Albemarle (NYSE:ALB) might make a lot more sense at the moment. In fact, there’s a strong case to be made that both gold and lithium have strong catalysts in their favor at the moment.
Devon Energy (DVN)
Source: Jeff Whyte / Shutterstock.com
Devon Energy (NYSE:DVN) Is my first recommendation for energy stocks to consider for the remainder of 2023. The reason that Devon Energy makes sense at the moment is that it offers strong upside potential.
The reason that Devon Energy has such strong upside potential lies in the composition of its dividend. Devon energy offers what is called a Fixed plus variable dividend. What that means is that Devon Energy pays a base dividend which is complemented by an additional dividend during strong periods.
In other words, the current environment around energy prices should prove beneficial for investors in its stock. Currently, Devon Energy’s dividend yields 7.8%. That’s already a relatively high yield for investors with the potential to be much higher as oil prices rise.
Investors who purchase DVN shares are essentially making a bet that they believe oil prices will continue to rise. Devon energy isn’t the only stock that offers a fixed plus variable dividend. investors who are interested in other firms that also do so could consider Diamondback Energy (NASDAQ:FANG) for example.
Chevron (CVX)
Source: Sundry Photography / Shutterstock.com
I’ve recently recommended Chevron (NYSE:CVX) stock many times. Unfortunately, it also experienced a sell-off in the weeks following those recommendations. Oh well, that’s what happens in investing: sometimes you lose and sometimes you win.
That said, Chevron does really look to be in strong position at the moment. First, Chevron stock is clearly very cheap. The markets didn’t respond particularly well to the news that Chevron was going to purchase Hess (NYSE:HES).
However, it remains far too early to see how that will play out. Ultimately, if Chevron is right, Hess will end up complimenting its business overall.
Further, there’s a strong case to be made that fossil fuel demand is nowhere near its peak. Chevron will remain one of the best stocks to be invested in for exactly that reason. The company remains highly focused on exploration and production and distribution of products like gasoline.
I don’t doubt that electric vehicles will continue to be a disruptive force to demand for internal combustion engine vehicles. However, I believe that the negative effects on the fossil fuel industry have been drastically overestimated. That means that it makes sense to invest in EV firms and energy firms at the same time. Both can coexist profitably for a long time.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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The post The 7 Best Commodities Stocks to Buy Based on Expert Predictions appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 7 Best Commodities Stocks to Buy Based on Expert Predictions appeared first on InvestorPlace. Deere (DE) Source: mark stephens photography / Shutterstock.com Deere (NYSE:DE) won’t release earnings again until Nov. 22, so we’ll start by reviewing its most recent earnings from August. For those who’ve been following the equipment manufacturer over the last few years, it was redundant: Deere performed exceedingly well.
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As the Wall Street Journal article mentioned, precious metals mining commodities firms are the ones to watch for the remainder of 2023. Wheaton Precious Metals (WPM) Source: Postmodern Studio / Shutterstock Wheaton Precious Metals (NYSE:WPM) is another precious metals Mining stock that investors should keep a close eye on. Chevron (CVX) Source: Sundry Photography / Shutterstock.com I’ve recently recommended Chevron (NYSE:CVX) stock many times.
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Wheaton Precious Metals (WPM) Source: Postmodern Studio / Shutterstock Wheaton Precious Metals (NYSE:WPM) is another precious metals Mining stock that investors should keep a close eye on. Deere (DE) Source: mark stephens photography / Shutterstock.com Deere (NYSE:DE) won’t release earnings again until Nov. 22, so we’ll start by reviewing its most recent earnings from August. For those who’ve been following the equipment manufacturer over the last few years, it was redundant: Deere performed exceedingly well.
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Deere (DE) Source: mark stephens photography / Shutterstock.com Deere (NYSE:DE) won’t release earnings again until Nov. 22, so we’ll start by reviewing its most recent earnings from August. For those who’ve been following the equipment manufacturer over the last few years, it was redundant: Deere performed exceedingly well. The reason to get in now is straightforward: When Deere released earnings in August they were received with trepidation despite the strong performance.
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2023-11-13 00:00:00 UTC
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Will Honeywell Stock See Higher Levels After A 15% Fall This Year?
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DE
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https://www.nasdaq.com/articles/will-honeywell-stock-see-higher-levels-after-a-15-fall-this-year
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nan
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nan
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Honeywell (NYSE: HON) reported its Q3 results last month, with revenues aligning and earnings beating the street estimates, and we believe that HON stock has ample room for growth, as discussed below. The company reported revenue of $9.2 billion and adjusted profit of $2.27 per share compared to the consensus estimates of $9.2 billion in sales and $2.23 earnings per share. In this note, we discuss Honeywell’s stock performance, key takeaways from its recent results, and valuation.
HON stock has seen a decline of 15% from levels of $215 in early January 2021 to around $180 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in HON stock has been far from consistent. Returns for the stock were -2% in 2021, 3% in 2022, and -15% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that HON underperformed the S&P in 2021 and 2023.
In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector, including UNP, GE, and UPS, and even for the megacap stars GOOG, TSLA, and MSFT.
In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could HON face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a recovery? From a valuation perspective, HON stock looks like it has room for growth. We estimate Honeywell’s Valuation to be $219 per share, reflecting an 18% upside from its current levels of $185. Our forecast is based on a 24x P/E multiple for HON and expected earnings of $9.19 on a per-share and adjusted basis for the full year 2023. The 24x P/E ratio aligns with the company’s last four-year average. The company revised its earnings outlook to be in the range of $9.10 and $9.20 (vs. the $9.05 and $9.25 range earlier).
Honeywell’s revenue of $9.2 billion in Q3 was up 3% y-o-y, led by an 18% rise in Aerospace and a 5% rise in Performance Materials, while Safety & Productivity segment sales fell 24%. Commercial aviation demand drove the Aerospace segment sales, while softness in the warehouse automation market weighed on the Safety & Productivity segment. The company expects its full-year 2023 sales to be between $36.8 billion and $37.1 billion, compared with the $36.7 billion and $37.3 billion range anticipated earlier. Honeywell saw its operating margin expand 140 bps to 20.9% in Q3’23. High revenues and margin expansion resulted in adjusted earnings of $2.27 per share versus the $2.25 figure it reported in the prior-year quarter.
HON stock trades at 20x forward earnings compared to its last four-year average of a little over 24x, and we believe it can see higher levels going forward. The company should continue to benefit from a robust demand environment for its aerospace business. The growth may remain tepid for its other businesses amid challenging macroeconomic factors.
While HON stock appears to have room for growth, it is helpful to see how Honeywell’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HON Return 0% -15% 65%
S&P 500 Return 5% 14% 96%
Trefis Reinforced Value Portfolio 3% 21% 521%
[1] Month-to-date and year-to-date as of 11/9/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could HON face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a recovery? HON stock has seen a decline of 15% from levels of $215 in early January 2021 to around $180 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in HON stock has been far from consistent.
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HON stock has seen a decline of 15% from levels of $215 in early January 2021 to around $180 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in HON stock has been far from consistent. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that HON underperformed the S&P in 2021 and 2023.
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HON stock has seen a decline of 15% from levels of $215 in early January 2021 to around $180 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in HON stock has been far from consistent. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that HON underperformed the S&P in 2021 and 2023.
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In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that HON underperformed the S&P in 2021 and 2023. HON stock has seen a decline of 15% from levels of $215 in early January 2021 to around $180 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in HON stock has been far from consistent.
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e32c962d-cf09-4b50-a290-0cfd912bc987
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720248.0
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2023-11-13 00:00:00 UTC
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Peter Lynch Detailed Fundamental Analysis - DE
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DE
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https://www.nasdaq.com/articles/peter-lynch-detailed-fundamental-analysis-de-0
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. DEERE & COMPANY (DE) is a large-cap value stock in the Constr.
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7d63c7ee-36f4-4e1c-961d-285f4d062741
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720249.0
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2023-11-08 00:00:00 UTC
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Deere (DE) Rises But Trails Market: What Investors Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-rises-but-trails-market%3A-what-investors-should-know
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nan
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nan
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In the latest trading session, Deere (DE) closed at $369.37, marking a +0.04% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.1%. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the agricultural equipment manufacturer had lost 5.53% over the past month, lagging the Industrial Products sector's loss of 2.26% and the S&P 500's gain of 1.72% in that time.
The upcoming earnings release of Deere will be of great interest to investors. The company's earnings report is expected on November 22, 2023. The company is predicted to post an EPS of $7.58, indicating a 1.88% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $13.8 billion, reflecting a 3.86% fall from the equivalent quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.37% downward. Deere presently features a Zacks Rank of #3 (Hold).
Investors should also note Deere's current valuation metrics, including its Forward P/E ratio of 11.2. This denotes a discount relative to the industry's average Forward P/E of 11.63.
We can additionally observe that DE currently boasts a PEG ratio of 0.92. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Manufacturing - Farm Equipment industry stood at 1.13 at the close of the market yesterday.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. In the latest trading session, Deere (DE) closed at $369.37, marking a +0.04% move from the previous day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.08%.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Deere (DE) closed at $369.37, marking a +0.04% move from the previous day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.08%.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Deere (DE) closed at $369.37, marking a +0.04% move from the previous day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.08%.
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In the latest trading session, Deere (DE) closed at $369.37, marking a +0.04% move from the previous day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.08%. The upcoming earnings release of Deere will be of great interest to investors.
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e50fc03c-d723-4379-84e7-5e2c359d8a67
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720250.0
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2023-11-08 00:00:00 UTC
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DE Factor-Based Stock Analysis - Peter Lynch
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DE
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https://www.nasdaq.com/articles/de-factor-based-stock-analysis-peter-lynch
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nan
|
nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. DEERE & COMPANY (DE) is a large-cap value stock in the Constr.
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ca9e6238-ddfe-4726-8dbf-c28bbd441703
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720251.0
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2023-11-07 00:00:00 UTC
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Should You Pick Caterpillar Stock At $240 After An Upbeat Q3?
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DE
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https://www.nasdaq.com/articles/should-you-pick-caterpillar-stock-at-%24240-after-an-upbeat-q3
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nan
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nan
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Caterpillar (NYSE: CAT) reported its Q3 results last week, with revenues and earnings beating the street estimates, and we believe that CAT stock has ample room for growth, as discussed below. The company reported revenue of $16.8 billion and an adjusted profit of $5.52 per share compared to the consensus estimates of $16.6 billion and $4.80, respectively. In this note, we discuss Caterpillar’s stock performance, key takeaways from its recent results, and valuation.
CAT stock has shown strong gains of 35% from levels of $180 in early January 2021 to around $240 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the increase in CAT stock has been far from consistent. Returns for the stock were 14% in 2021, 16% in 2022, and 0% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that CAT underperformed the S&P in 2021 and 2023.
In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector, including UNP, HON, and UPS, and even for the megacap stars GOOG, TSLA, and MSFT. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could CAT face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? From a valuation perspective, CAT stock looks like it has room for growth. We estimate Caterpillar’s Valuation to be $289 per share, reflecting a 20% upside from its current levels of $241. Our forecast is based on a 14x P/E multiple for CAT and expected earnings of $20.25 on a per-share and adjusted basis for the full year 2023. The 14x P/E multiple aligns with the last three-year average for CAT. The company didn’t provide a revenue and earnings range for Q4 but stated that the sales would be slightly higher y-o-y.
Caterpillar’s revenue of $16.8 billion in Q3 was up 12% y-o-y, led by a 12% rise in construction industries segment sales and an 11% jump in energy and transportation sales, while the resource industries segment revenue was up 9%. Most of the sales growth can be attributed to pricing gains. Caterpillar’s backlog declined 8% y-o-y to $28.1 billion in Q3. The company stated that it will have better pricing in Q4 of this year versus the prior year, but dealer inventory levels are expected to decline. Looking forward, Caterpillar will likely see its pricing growth moderating in the coming quarters, with a tough comparison amid the significant contribution to top-line growth from pricing gains in the recent quarters. Caterpillar’s adjusted operating margin of 20.8% in Q3 was up 430 bps y-o-y. Higher revenues and operating margin expansion resulted in a solid 40% rise in earnings, which stood at $5.52 on a per-share and adjusted basis.
While CAT stock has room for growth, it is helpful to see how Caterpillar’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
CAT Return 7% 0% 160%
S&P 500 Return 5% 15% 96%
Trefis Reinforced Value Portfolio 5% 23% 531%
[1] Month-to-date and year-to-date as of 11/6/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could CAT face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that CAT underperformed the S&P in 2021 and 2023. As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
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As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that CAT underperformed the S&P in 2021 and 2023. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could CAT face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump?
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In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that CAT underperformed the S&P in 2021 and 2023. As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could CAT face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump?
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In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 (YTD) – indicating that CAT underperformed the S&P in 2021 and 2023. As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could CAT face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump?
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91da98db-688b-49d6-a77c-1d9b4052b4e6
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720252.0
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2023-11-07 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DVN, FSLR, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-dvn-fslr-de
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Devon Energy Corp. (Symbol: DVN), where a total of 56,239 contracts have traded so far, representing approximately 5.6 million underlying shares. That amounts to about 70.4% of DVN's average daily trading volume over the past month of 8.0 million shares. Especially high volume was seen for the $46 strike call option expiring November 10, 2023, with 5,851 contracts trading so far today, representing approximately 585,100 underlying shares of DVN. Below is a chart showing DVN's trailing twelve month trading history, with the $46 strike highlighted in orange:
First Solar Inc (Symbol: FSLR) options are showing a volume of 17,311 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 70.3% of FSLR's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $200 strike put option expiring June 20, 2025, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $200 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 8,268 contracts thus far today. That number of contracts represents approximately 826,800 underlying shares, working out to a sizeable 70% of DE's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $387.50 strike call option expiring November 24, 2023, with 1,095 contracts trading so far today, representing approximately 109,500 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $387.50 strike highlighted in orange:
For the various different available expirations for DVN options, FSLR options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
DADA market cap history
Funds Holding FOSL
Institutional Holders of MVC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $46 strike call option expiring November 10, 2023, with 5,851 contracts trading so far today, representing approximately 585,100 underlying shares of DVN. Especially high volume was seen for the $200 strike put option expiring June 20, 2025, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of FSLR. Especially high volume was seen for the $387.50 strike call option expiring November 24, 2023, with 1,095 contracts trading so far today, representing approximately 109,500 underlying shares of DE.
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That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 70.3% of FSLR's average daily trading volume over the past month, of 2.5 million shares. Below is a chart showing FSLR's trailing twelve month trading history, with the $200 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 8,268 contracts thus far today. That number of contracts represents approximately 826,800 underlying shares, working out to a sizeable 70% of DE's average daily trading volume over the past month, of 1.2 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Devon Energy Corp. (Symbol: DVN), where a total of 56,239 contracts have traded so far, representing approximately 5.6 million underlying shares. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 70.3% of FSLR's average daily trading volume over the past month, of 2.5 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $387.50 strike highlighted in orange: For the various different available expirations for DVN options, FSLR options, or DE options, visit StockOptionsChannel.com.
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That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 70.3% of FSLR's average daily trading volume over the past month, of 2.5 million shares. That number of contracts represents approximately 826,800 underlying shares, working out to a sizeable 70% of DE's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $387.50 strike highlighted in orange: For the various different available expirations for DVN options, FSLR options, or DE options, visit StockOptionsChannel.com.
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c47a2e42-280c-4b32-904c-ed981adfb3e4
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720253.0
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2023-11-07 00:00:00 UTC
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Why CNH Industrial and Deere Stocks Dropped Today
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DE
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https://www.nasdaq.com/articles/why-cnh-industrial-and-deere-stocks-dropped-today
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nan
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nan
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Shares of British construction and agricultural equipment manufacturer CNH Industrial (NYSE: CNHI) tumbled 8.7% through 10:30 a.m. ET on Tuesday after the company reported mixed financial results for Q3 2023. Shares of rival Deere (NYSE: DE) fell in sympathy on the news, down about 2.1%.
(Deere reports its own Q3 earnings on Nov. 22.)
Heading into Q3, analysts had forecast CNH would earn $0.43 per share on sales of $5.95 billion. In fact, CNH exceeded that revenue number, reporting $5.99 billion in sales. Earnings, however, fell $0.01 short of estimates at $0.42 per share (GAAP).
CNH sales and earnings
That's the bad news. The good news is that earnings were up by $0.01 from last year's Q3 earnings ($0.41 per share). Indeed, both revenues and earnings improved by about 2% year over year. Management also noted that it achieved "record margins" in its two big equipment divisions, with adjusted operating profit margins rising 50 basis points in agricultural equipment and 360 basis points in construction.
That latter number may be even more significant than it sounds. CNH noted that the improvement in agricultural margins lifted that segment's operating profit margin from 14.8% to 15.3%. The improvement in construction margins, on the other hand, more than doubled profitability, from 2.7% to 6.3%.
Granted, this still leaves the construction segment much less profitable, per dollar of revenue, than the agricultural segment. Relatively speaking, though, it's still a big improvement.
What comes next for CNH Industrial
Turning to guidance for a year that's more than three-quarters done (meaning that this guidance should be very accurate), CNH projects that sales for 2023 will be up 3% to 6% from last year. Adjusted earnings (which were equal to real, GAAP earnings in Q3) should be about $1.70 per share.
For a stock now trading per share in the mid-$10s range, this implies a current-year P/E of only about 6.2 -- for a stock that's paying its investors a 3.5% dividend yield. Even with minimal growth, this would seem an attractive valuation to me. And with analysts forecasting that CNH might actually grow its earnings at an average 7% or so over the next five years, the picture looks even brighter despite today's small earnings miss.
I think CNH is a buy.
10 stocks we like better than CNH Industrial
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and CNH Industrial wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 6, 2023
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Shares of rival Deere (NYSE: DE) fell in sympathy on the news, down about 2.1%. (Deere reports its own Q3 earnings on Nov.
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Shares of rival Deere (NYSE: DE) fell in sympathy on the news, down about 2.1%. (Deere reports its own Q3 earnings on Nov. In fact, CNH exceeded that revenue number, reporting $5.99 billion in sales.
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And with analysts forecasting that CNH might actually grow its earnings at an average 7% or so over the next five years, the picture looks even brighter despite today's small earnings miss. Shares of rival Deere (NYSE: DE) fell in sympathy on the news, down about 2.1%. (Deere reports its own Q3 earnings on Nov.
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In fact, CNH exceeded that revenue number, reporting $5.99 billion in sales. Indeed, both revenues and earnings improved by about 2% year over year. Shares of rival Deere (NYSE: DE) fell in sympathy on the news, down about 2.1%.
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5a4a16d7-b3da-4345-ad09-9b88f6a0d05f
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720254.0
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2023-11-07 00:00:00 UTC
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VIS, GE, BA, DE: ETF Outflow Alert
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DE
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https://www.nasdaq.com/articles/vis-ge-ba-de%3A-etf-outflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Industrials ETF (Symbol: VIS) where we have detected an approximate $411.2 million dollar outflow -- that's a 9.9% decrease week over week (from 21,519,050 to 19,395,263). Among the largest underlying components of VIS, in trading today General Electric Co (Symbol: GE) is up about 0.6%, Boeing Co. (Symbol: BA) is down about 1.1%, and Deere & Co. (Symbol: DE) is lower by about 2.4%. For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average:
Looking at the chart above, VIS's low point in its 52 week range is $178.57 per share, with $213 as the 52 week high point — that compares with a last trade of $192.97. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Top Ten Hedge Funds Holding OCCI
Funds Holding FERG
DPL Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Top Ten Hedge Funds Holding OCCI Funds Holding FERG DPL Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $178.57 per share, with $213 as the 52 week high point — that compares with a last trade of $192.97. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Industrials ETF (Symbol: VIS) where we have detected an approximate $411.2 million dollar outflow -- that's a 9.9% decrease week over week (from 21,519,050 to 19,395,263). For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $178.57 per share, with $213 as the 52 week high point — that compares with a last trade of $192.97. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Industrials ETF (Symbol: VIS) where we have detected an approximate $411.2 million dollar outflow -- that's a 9.9% decrease week over week (from 21,519,050 to 19,395,263). For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $178.57 per share, with $213 as the 52 week high point — that compares with a last trade of $192.97. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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22780fb4-fba0-4d0e-bdd8-9938af82e9aa
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720255.0
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2023-11-04 00:00:00 UTC
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DE Quantitative Stock Analysis - Peter Lynch
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DE
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-peter-lynch-0
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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1516f0d6-2ffe-4b51-be86-8f9628a4e453
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720256.0
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2023-11-02 00:00:00 UTC
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Unlock Massive Gains: 3 Tech Stocks With Outstanding Value Propositions for 2024
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DE
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https://www.nasdaq.com/articles/unlock-massive-gains%3A-3-tech-stocks-with-outstanding-value-propositions-for-2024
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Autonomous systems, AI, quantum computing, and other groundbreaking technologies continue to redefine the way we live and interact. For those searching for the best tech stocks to buy, though, this ever-evolving landscape presents both challenges and opportunities.
While the allure of tech growth stocks is hard to deny, savvy investors are increasingly turning their attention to tech value stocks. Such stocks possess solid fundamentals and are typically undervalued compared to their intrinsic worth.
However, with rapid shifts in technology, it’s imperative for investors to effectively identify tech companies that only have enduring competitive advantages. But, they also continue to operate in rapidly expanding total addressable markets.
Allocation to these value tech stocks is prudent and can also offer significant upside potential.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
Amidst a backdrop of buoyant agricultural conditions, Deere (NYSE:DE) continues to reap significant benefits. It rides the wave of sustained demand for farm equipment.
The company witnessed a healthy uptick in sales, mainly in the U.S. and Canada. Large agricultural equipment sales alone are expected to climb a remarkably impressive 10% in fiscal 2023.
Transitioning to the construction and forestry realms, Deere shines just as brightly. The surge in retail demand and rental re-fleeting has led to a spree of hearty shipments. Highlighting its recent triumphs, Deere’s Q3 GAAP EPS of $10.20 beat market estimates by $2.02. In addition, a 12.1% revenue bump year over year (YOY) to $15.8 billion stands testament to its financial might.
Furthermore, TipRanks analysts echo this bullish sentiment, presenting DE with a promising moderate buy rating. The cherry on top is an impressive 1.4% yield while trading at just 1.8 times forward sales estimates.
Jabil (JBL)
Source: Sundry Photography / Shutterstock.com
Jabil (NYSE:JBL), the Florida-based electronics powerhouse, continues to make major waves in the tech sphere. The stock is soaring, marking over an 80% bump in value this year alone.
Interestingly, a quarter of this rally occurred after its strategic announcement in September. That plan involves selling off its mobile electronics manufacturing arm to Chinese automaker BYD (OTCMKTS:BYDDY) for a whopping $2.2 billion.
Collaborations with industry behemoths, including Amazon Web Services (AWS), Tesla (NASDAQ:TSLA), are clear indicators of its upward trajectory. Diving deeper, its venture into the renewable energy arena speaks volumes of its visionary approach.
Moreover, the pivot toward a consignment model, especially as it gears up for the AI server racks shipment to Amazon, bodes well for further margin improvements. And its powerful healthcare arm is not to be outdone. Fueled by partnerships with industry giants, it promises to be a revenue-generating powerhouse in the near future. JBL stock trades at around 8 times forward cash flows, 58% lower than the sector median.
TEGNA (TGNA)
Source: Funtap / Shutterstock.com
TEGNA (NYSE:TGNA) is effectively carving its niche as a forward-thinking media enterprise.
It effectively blends the worlds of traditional broadcasting and digital innovation. Underscoring its shareholder commitment, TEGNA is likely to initiate its second-ever accelerated share repurchase, according to the release of its Q3 earnings worth $325 million. Additionally, its recent decision to ramp up its dividend payout by a significant 20%, with a dividend yield of 3.20%, speaks volumes about its financial confidence.
However, the horizon holds more promise for TEGNA as 2024 approaches. The whirlwind of election activity promises to be a major tailwind for this media titan. Navigating through challenges, the company demonstrated resilience following a merger setback due to regulatory hurdles.
Instead of being deterred, TEGNA pivoted with determination, emphasizing robust shareholder returns through strategic share repurchases and generous dividends. Its transition to the digital realm, especially its foray into the burgeoning over-the-top streaming domain, is a catalyst for long-term subscription-led revenue growth.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post Unlock Massive Gains: 3 Tech Stocks With Outstanding Value Propositions for 2024 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Unlock Massive Gains: 3 Tech Stocks With Outstanding Value Propositions for 2024 appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Autonomous systems, AI, quantum computing, and other groundbreaking technologies continue to redefine the way we live and interact. While the allure of tech growth stocks is hard to deny, savvy investors are increasingly turning their attention to tech value stocks.
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Deere (DE) Source: Jim Lambert / Shutterstock.com Amidst a backdrop of buoyant agricultural conditions, Deere (NYSE:DE) continues to reap significant benefits. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Autonomous systems, AI, quantum computing, and other groundbreaking technologies continue to redefine the way we live and interact. While the allure of tech growth stocks is hard to deny, savvy investors are increasingly turning their attention to tech value stocks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Autonomous systems, AI, quantum computing, and other groundbreaking technologies continue to redefine the way we live and interact. While the allure of tech growth stocks is hard to deny, savvy investors are increasingly turning their attention to tech value stocks. Such stocks possess solid fundamentals and are typically undervalued compared to their intrinsic worth.
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While the allure of tech growth stocks is hard to deny, savvy investors are increasingly turning their attention to tech value stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Autonomous systems, AI, quantum computing, and other groundbreaking technologies continue to redefine the way we live and interact. Such stocks possess solid fundamentals and are typically undervalued compared to their intrinsic worth.
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c4912de4-39de-4645-9abe-aedc8c0acef5
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720257.0
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2023-11-02 00:00:00 UTC
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7 Magnificent Dividend Stocks to Buy in November
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DE
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https://www.nasdaq.com/articles/7-magnificent-dividend-stocks-to-buy-in-november
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nan
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nan
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Fool.com contributor Parkev Tatevosian highlights seven dividend stocks he thinks would make an excellent addition to portfolios of investors looking to increase passive income.
*Stock prices used were the afternoon prices of Oct. 30, 2023. The video was published on Nov. 1, 2023.
10 stocks we like better than Microsoft
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 30, 2023
Parkev Tatevosian, CFA has positions in 3M. The Motley Fool has positions in and recommends Home Depot and Microsoft. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: short October 2023 $52.50 calls on eBay. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fool.com contributor Parkev Tatevosian highlights seven dividend stocks he thinks would make an excellent addition to portfolios of investors looking to increase passive income. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on Nov. 1, 2023.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: short October 2023 $52.50 calls on eBay. Fool.com contributor Parkev Tatevosian highlights seven dividend stocks he thinks would make an excellent addition to portfolios of investors looking to increase passive income.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Fool.com contributor Parkev Tatevosian highlights seven dividend stocks he thinks would make an excellent addition to portfolios of investors looking to increase passive income. The video was published on Nov. 1, 2023.
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Fool.com contributor Parkev Tatevosian highlights seven dividend stocks he thinks would make an excellent addition to portfolios of investors looking to increase passive income. The video was published on Nov. 1, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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76306612-b5d5-4a43-8997-836d91b45141
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720258.0
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2023-11-01 00:00:00 UTC
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Deere (DE) Rises Higher Than Market: Key Facts
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DE
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https://www.nasdaq.com/articles/deere-de-rises-higher-than-market%3A-key-facts
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nan
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nan
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Deere (DE) closed the most recent trading day at $370.47, moving +1.4% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.05%. Elsewhere, the Dow saw an upswing of 0.67%, while the tech-heavy Nasdaq appreciated by 1.64%.
Shares of the agricultural equipment manufacturer have depreciated by 1.99% over the course of the past month, outperforming the Industrial Products sector's loss of 5.03% and the S&P 500's loss of 2.21%.
The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. The company is scheduled to release its earnings on November 22, 2023. The company's earnings per share (EPS) are projected to be $8.25, reflecting a 10.89% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $13.82 billion, indicating a 3.69% downward movement from the same quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.16% higher. At present, Deere boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Deere is holding a Forward P/E ratio of 10.76. For comparison, its industry has an average Forward P/E of 11.11, which means Deere is trading at a discount to the group.
Meanwhile, DE's PEG ratio is currently 0.89. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. DE's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 32, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alongside, our most recent consensus estimate is anticipating revenue of $13.82 billion, indicating a 3.69% downward movement from the same quarter last year. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Deere (DE) closed the most recent trading day at $370.47, moving +1.4% from the previous trading session.
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Deere (DE) closed the most recent trading day at $370.47, moving +1.4% from the previous trading session. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of the agricultural equipment manufacturer have depreciated by 1.99% over the course of the past month, outperforming the Industrial Products sector's loss of 5.03% and the S&P 500's loss of 2.21%.
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The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Deere (DE) closed the most recent trading day at $370.47, moving +1.4% from the previous trading session. Shares of the agricultural equipment manufacturer have depreciated by 1.99% over the course of the past month, outperforming the Industrial Products sector's loss of 5.03% and the S&P 500's loss of 2.21%.
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Deere (DE) closed the most recent trading day at $370.47, moving +1.4% from the previous trading session. DE's industry had an average PEG ratio of 1.09 as of yesterday's close. Shares of the agricultural equipment manufacturer have depreciated by 1.99% over the course of the past month, outperforming the Industrial Products sector's loss of 5.03% and the S&P 500's loss of 2.21%.
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1df39276-2d8a-48cb-8e5a-6cc2b163ed84
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720259.0
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2023-10-31 00:00:00 UTC
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DE Quantitative Stock Analysis - Peter Lynch
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DE
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-peter-lynch
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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66a7000d-7707-4d61-993b-68304463e56a
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720260.0
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2023-10-31 00:00:00 UTC
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Noteworthy Tuesday Option Activity: ALB, DE, PRU
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-alb-de-pru
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Albemarle Corp. (Symbol: ALB), where a total volume of 16,844 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62% of ALB's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $85 strike put option expiring March 15, 2024, with 3,032 contracts trading so far today, representing approximately 303,200 underlying shares of ALB. Below is a chart showing ALB's trailing twelve month trading history, with the $85 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 6,826 contracts thus far today. That number of contracts represents approximately 682,600 underlying shares, working out to a sizeable 58.3% of DE's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $310 strike put option expiring January 19, 2024, with 1,002 contracts trading so far today, representing approximately 100,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $310 strike highlighted in orange:
And Prudential Financial Inc (Symbol: PRU) saw options trading volume of 7,455 contracts, representing approximately 745,500 underlying shares or approximately 56.5% of PRU's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $95 strike put option expiring December 19, 2025, with 2,737 contracts trading so far today, representing approximately 273,700 underlying shares of PRU. Below is a chart showing PRU's trailing twelve month trading history, with the $95 strike highlighted in orange:
For the various different available expirations for ALB options, DE options, or PRU options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Earnings Calendar
PXQ market cap history
FLGC shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $85 strike put option expiring March 15, 2024, with 3,032 contracts trading so far today, representing approximately 303,200 underlying shares of ALB. Especially high volume was seen for the $310 strike put option expiring January 19, 2024, with 1,002 contracts trading so far today, representing approximately 100,200 underlying shares of DE. Particularly high volume was seen for the $95 strike put option expiring December 19, 2025, with 2,737 contracts trading so far today, representing approximately 273,700 underlying shares of PRU.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Albemarle Corp. (Symbol: ALB), where a total volume of 16,844 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing ALB's trailing twelve month trading history, with the $85 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 6,826 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $310 strike highlighted in orange: And Prudential Financial Inc (Symbol: PRU) saw options trading volume of 7,455 contracts, representing approximately 745,500 underlying shares or approximately 56.5% of PRU's average daily trading volume over the past month, of 1.3 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Albemarle Corp. (Symbol: ALB), where a total volume of 16,844 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $85 strike put option expiring March 15, 2024, with 3,032 contracts trading so far today, representing approximately 303,200 underlying shares of ALB. Below is a chart showing DE's trailing twelve month trading history, with the $310 strike highlighted in orange: And Prudential Financial Inc (Symbol: PRU) saw options trading volume of 7,455 contracts, representing approximately 745,500 underlying shares or approximately 56.5% of PRU's average daily trading volume over the past month, of 1.3 million shares.
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Particularly high volume was seen for the $85 strike put option expiring March 15, 2024, with 3,032 contracts trading so far today, representing approximately 303,200 underlying shares of ALB. Below is a chart showing DE's trailing twelve month trading history, with the $310 strike highlighted in orange: And Prudential Financial Inc (Symbol: PRU) saw options trading volume of 7,455 contracts, representing approximately 745,500 underlying shares or approximately 56.5% of PRU's average daily trading volume over the past month, of 1.3 million shares. Below is a chart showing PRU's trailing twelve month trading history, with the $95 strike highlighted in orange: For the various different available expirations for ALB options, DE options, or PRU options, visit StockOptionsChannel.com.
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384d2832-938b-4483-ab6c-5f4493021246
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720261.0
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2023-10-31 00:00:00 UTC
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Zacks Industry Outlook Highlights Deere, Kubota, AGCO and Titan International
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DE
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deere-kubota-agco-and-titan-international
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nan
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nan
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For Immediate Release
Chicago, IL – October 31, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, Kubota Corp. KUBTY, AGCO Corp. AGCO and Titan International TWI.
Industry: Farm Equipment
Link: https://www.zacks.com/commentary/2174633/4-farm-equipment-stocks-to-watch-in-a-promising-industry
The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead. The industry's focus on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Co., Kubota Corp., AGCO Corp. and Titan International are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers.
Some of these companies produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. The industry players sell their equipment and related parts through independent retail dealer networks and retail outlets. This industry caters to the agriculture, golf and landscape markets.
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Growing Demand for Food to Sustain the Industry: The USDA (U.S. Department of Agriculture) projects net farm income at $141.3 billion for 2023, which is 22.8% lower than that reported in 2022. The decline is mainly due to lower direct government payments. In inflation-adjusted 2023 dollars, net farm income is forecast to decrease 25.4% in 2023. Despite the decline, this projected figure will be above the 2003-22 averages (in inflation-adjusted dollars).
Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The need to replace aging equipment will sustain the demand for the industry. Agricultural equipment Demand will continue to be supported by increased global demand for food, both from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
Pricing Actions to Offset High Costs: The industry is also facing cost inflation, particularly steel, and increased transportation costs. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. Recently, industry players have been reporting improvements in the supply-chain issues. Also, industry players have been making efforts to bolster their financial conditions, conserve cash and improve profitability. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins in the current scenario.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Initiatives to advance precision agriculture technology will be a game-changer for the industry players, given its productivity-enhancing and sustainability benefits.
Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Over the long term, the rising population and elevated global demand for food and efficient water use will fuel demand for farm equipment.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #22, which places it in the top 9% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group's earnings growth potential. The Manufacturing - Farm Equipment industry's 2023 earnings estimates have improved 17% since the beginning of this year.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock market performance and valuation.
Industry Underperform Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have fallen 10.5% in the past 12 months against the S&P 500's growth of 6.8%. The Industrial Products sector has gained 0.3% in the said time frame.
Industry's Current Valuation
On the basis of the forward EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 10.01X compared with the S&P 500's 10.70X. The Industrial Products sector's forward 12-month EV/EBITDA is 13.87X.
Over the last five years, the industry has traded as high as 24.75X and as low as 9.47X, the median being 13.72X.
4 Manufacturing - Farm Equipment Stocks to Keep an Eye On
Kubota: The company will continue to benefit from strong demand for agricultural equipment due to improving commodity prices. Demand for its construction equipment will be supported by increased infrastructure spending in the United States. Prospects look promising in other parts of the world as well. Kubota has formulated its long-term vision "GMB2030." It has been progressing with initiatives to realize smart agriculture with the aim of providing solutions that will improve the productivity and safety of food.
Agricultural machine automation is one of the key pillars of these initiatives. The company recently invested in Chouette, an AgTech company that uses artificial intelligence (AI) technology to analyze images captured by cameras to detect diseases and tree vigor and, based on the data analysis, creates the optimal spray volume of chemicals by unique algorithms.
Osaka, Japan-based Kubota manufactures and markets machinery and related solutions in the food, water and environment markets in Japan, North America, Europe, the rest of Asia, and internationally. The Zacks Consensus Estimate for the company's earnings for fiscal 2023 is pegged at $5.79, suggesting year-over-year growth of 15.6%. The estimate has moved up 5% in the past 60 days. The company has a trailing four-quarter earnings surprise of 12.7%, on average. The company has an estimated long-term earnings growth rate of 13% and currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today's Zacks #1 Rank stocks here.
Deere: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE's cost-control actions have been supporting margins despite the persistent inflationary pressures.
The Zacks Consensus Estimate for the Moline, IL-based company's fiscal 2023 earnings has moved up 1% over the past 60 days and is pegged at $33.96. The estimate implies year-over-year growth of 46%. DE has a trailing four-quarter earnings surprise of 15.4%, on average. Deere currently has an estimated long-term earnings growth rate of 12.1% and a Zacks Rank #2 (Buy).
Titan International: Farm commodity prices and the necessity to replace old equipment will support the agricultural segment's order levels. The earthmoving and construction end markets look promising, with increased infrastructure, an upbeat mining sector and ramped-up construction activities acting as the key catalysts. The company's margins will reflect improved production efficiencies stemming from management actions taken to improve profitability in the long term. Its continued cost reduction and cash preservation measures position it well for growth. TWI generated $61 million in free cash flow in the first half of fiscal 2023 — the highest first-half level reported in more than a decade.
West Chicago, IL-based Titan International is a leading global manufacturer of off-highway wheels, tires, assemblies and undercarriage products. The Zacks Consensus Estimate for the company's earnings for fiscal 2023 is pegged at $1.50 per share. It has a trailing four-quarter earnings surprise of 4%, on average. TWI currently carries a Zacks Rank #2.
AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company's cost-control measures, have driven margin expansion across all regions over the past few quarters.
The Zacks Consensus Estimate for the company's fiscal 2023 earnings is pegged at $15.35, suggesting year-over-year growth of 23.6%. The consensus mark has moved up 2% over the past 60 days. AGCO Corp has a trailing four-quarter earnings surprise of 16.4%, on average. The company has an estimated long-term earnings growth rate of 5.8%. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently carries a Zacks Rank #3 (Hold).
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Titan International, Inc. (TWI) : Free Stock Analysis Report
Kubota Corp. (KUBTY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Players like Deere & Co., Kubota Corp., AGCO Corp. and Titan International are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market. Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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Industry: Farm Equipment Link: https://www.zacks.com/commentary/2174633/4-farm-equipment-stocks-to-watch-in-a-promising-industry The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI) : Free Stock Analysis Report Kubota Corp. (KUBTY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry: Farm Equipment Link: https://www.zacks.com/commentary/2174633/4-farm-equipment-stocks-to-watch-in-a-promising-industry The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. For Immediate Release Chicago, IL – October 31, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, Kubota Corp. KUBTY, AGCO Corp. AGCO and Titan International TWI.
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For Immediate Release Chicago, IL – October 31, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, Kubota Corp. KUBTY, AGCO Corp. AGCO and Titan International TWI. Industry: Farm Equipment Link: https://www.zacks.com/commentary/2174633/4-farm-equipment-stocks-to-watch-in-a-promising-industry The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead. Players like Deere & Co., Kubota Corp., AGCO Corp. and Titan International are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market.
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5e45ad9f-f0d8-46b6-b5d4-34d35871fc7f
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720262.0
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2023-10-31 00:00:00 UTC
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Noteworthy ETF Outflows: IUSG, BMY, DE, EOG
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-iusg-bmy-de-eog
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $110.3 million dollar outflow -- that's a 0.8% decrease week over week (from 141,850,000 to 140,650,000). Among the largest underlying components of IUSG, in trading today Bristol Myers Squibb Co. (Symbol: BMY) is up about 0.3%, Deere & Co. (Symbol: DE) is off about 1.2%, and EOG Resources, Inc. (Symbol: EOG) is up by about 0.4%. For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average:
Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $91.89. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Cheap Energy Stocks Paying Dividends
Institutional Holders of HUSE
CARS Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Cheap Energy Stocks Paying Dividends Institutional Holders of HUSE CARS Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $91.89. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Cheap Energy Stocks Paying Dividends Institutional Holders of HUSE CARS Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $110.3 million dollar outflow -- that's a 0.8% decrease week over week (from 141,850,000 to 140,650,000). For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $91.89. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $110.3 million dollar outflow -- that's a 0.8% decrease week over week (from 141,850,000 to 140,650,000). For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $91.89. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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737f5dd4-6778-4f09-a421-579a1e658683
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720263.0
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2023-10-31 00:00:00 UTC
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Earnings Growth & Price Strength Make Deere (DE) a Stock to Watch
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DE
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https://www.nasdaq.com/articles/earnings-growth-price-strength-make-deere-de-a-stock-to-watch-1
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Deere (DE)
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 70th-largest company in the S&P 500 Index with a market capitalization of around $110 billion. It has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors. Deere is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology, in an effort to make farming automated, easier and more precise across the production process.
Since being added to the Focus List on July 25, 2017 at $126.55 per share, shares of DE have increased 190.64% to $367.80. The stock is currently a #2 (Buy) on the Zacks Rank.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.37 to $33.96. DE also boasts an average earnings surprise of 15.4%.
Earnings for DE are forecasted to see growth of 45.9% for the current fiscal year as well.
Reveal Winning Stocks
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5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
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720264.0
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2023-10-30 00:00:00 UTC
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4 Farm Equipment Stocks to Watch in a Promising Industry
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https://www.nasdaq.com/articles/4-farm-equipment-stocks-to-watch-in-a-promising-industry
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The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead. The industry’s focus on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Company DE, Kubota Corporation KUBTY, AGCO Corporation AGCO and Titan International TWI are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers. Some of these companies produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. The industry players sell their equipment and related parts through independent retail dealer networks and retail outlets. This industry caters to the agriculture, golf and landscape markets.
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Growing Demand for Food to Sustain the Industry: The USDA (U.S. Department of Agriculture) projects net farm income at $141.3 billion for 2023, which is 22.8% lower than that reported in 2022. The decline is mainly due to lower direct government payments. In inflation-adjusted 2023 dollars, net farm income is forecast to decrease 25.4% in 2023. Despite the decline, this projected figure will be above the 2003-22 averages (in inflation-adjusted dollars). Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The need to replace aging equipment will sustain the demand for the industry. Agricultural equipment Demand will continue to be supported by increased global demand for food, both from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
Pricing Actions to Offset High Costs: The industry is also facing cost inflation, particularly steel, and increased transportation costs. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. Recently, industry players have been reporting improvements in the supply-chain issues. Also, industry players have been making efforts to bolster their financial conditions, conserve cash and improve profitability. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins in the current scenario.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Initiatives to advance precision agriculture technology will be a game-changer for the industry players, given its productivity-enhancing and sustainability benefits. Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Over the long term, the rising population and elevated global demand for food and efficient water use will fuel demand for farm equipment.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #22, which places it in the top 9% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. The Manufacturing - Farm Equipment industry’s 2023 earnings estimates have improved 17% since the beginning of this year.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation.
Industry Underperform Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have fallen 10.5% in the past 12 months against the S&P 500’s growth of 6.8%. The Industrial Products sector has gained 0.3% in the said time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 10.01X compared with the S&P 500’s 10.70X. The Industrial Products sector’s forward 12-month EV/EBITDA is 13.87X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Over the last five years, the industry has traded as high as 24.75X and as low as 9.47X, the median being 13.72X.
4 Manufacturing - Farm Equipment Stocks to Keep an Eye on
Kubota: The company will continue to benefit from strong demand for agricultural equipment due to improving commodity prices. Demand for its construction equipment will be supported by increased infrastructure spending in the United States. Prospects look promising in other parts of the world as well. Kubota has formulated its long-term vision “GMB2030.” It has been progressing with initiatives to realize smart agriculture with the aim of providing solutions that will improve the productivity and safety of food. Agricultural machine automation is one of the key pillars of these initiatives. The company recently invested in Chouette, an AgTech company that uses artificial intelligence (AI) technology to analyze images captured by cameras to detect diseases and tree vigor and, based on the data analysis, creates the optimal spray volume of chemicals by unique algorithms.
Osaka, Japan-based Kubota manufactures and markets machinery and related solutions in the food, water and environment markets in Japan, North America, Europe, the rest of Asia, and internationally. The Zacks Consensus Estimate for the company’s earnings for fiscal 2023 is pegged at $5.79, suggesting year-over-year growth of 15.6%. The estimate has moved up 5% in the past 60 days. The company has a trailing four-quarter earnings surprise of 12.7%, on average. The company has an estimated long-term earnings growth rate of 13% and currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: KUBTY
Deere: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE’s cost-control actions have been supporting margins despite the persistent inflationary pressures.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 1% over the past 60 days and is pegged at $33.96. The estimate implies year-over-year growth of 46%. DE has a trailing four-quarter earnings surprise of 15.4%, on average. Deere currently has an estimated long-term earnings growth rate of 12.1% and a Zacks Rank #2 (Buy).
Price & Consensus: DE
Titan International: Farm commodity prices and the necessity to replace old equipment will support the agricultural segment’s order levels. The earthmoving and construction end markets look promising, with increased infrastructure, an upbeat mining sector and ramped-up construction activities acting as the key catalysts. The company’s margins will reflect improved production efficiencies stemming from management actions taken to improve profitability in the long term. Its continued cost reduction and cash preservation measures position it well for growth. TWI generated $61 million in free cash flow in the first half of fiscal 2023 — the highest first-half level reported in more than a decade.
West Chicago, IL-based Titan International is a leading global manufacturer of off-highway wheels, tires, assemblies and undercarriage products. The Zacks Consensus Estimate for the company’s earnings for fiscal 2023 is pegged at $1.50 per share. It has a trailing four-quarter earnings surprise of 4%, on average. TWI currently carries a Zacks Rank #2.
Price & Consensus: TWI
AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company’s cost-control measures, have driven margin expansion across all regions over the past few quarters.
The Zacks Consensus Estimate for the company’s fiscal 2023 earnings is pegged at $15.35, suggesting year-over-year growth of 23.6%. The consensus mark has moved up 2% over the past 60 days. AGCO Corp has a trailing four-quarter earnings surprise of 16.4%, on average. The company has an estimated long-term earnings growth rate of 5.8%. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently carries a Zacks Rank #3 (Hold).
Price & Consensus: AGCO
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Titan International, Inc. (TWI) : Free Stock Analysis Report
Kubota Corp. (KUBTY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead.
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Players like Deere & Company DE, Kubota Corporation KUBTY, AGCO Corporation AGCO and Titan International TWI are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI) : Free Stock Analysis Report Kubota Corp. (KUBTY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Players like Deere & Company DE, Kubota Corporation KUBTY, AGCO Corporation AGCO and Titan International TWI are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market.
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Players like Deere & Company DE, Kubota Corporation KUBTY, AGCO Corporation AGCO and Titan International TWI are well-poised to gain from cost-control measures and efforts to bring technologically advanced products to the market. Price & Consensus: TWI AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand to meet the food requirements of a growing population in the days ahead.
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2023-10-30 00:00:00 UTC
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2 Stocks Down More Than 50% to Buy Right Now
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https://www.nasdaq.com/articles/2-stocks-down-more-than-50-to-buy-right-now-3
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When the stock market recovers from a crash, there are always stocks we wish we'd bought on the dip. I'm not just referring to the popular stocks here, but also shares of lesser-known companies that are quietly setting themselves up for big things to come, driven by futuristic technologies or secular trends in their respective industries. Albemarle (NYSE: ALB) and Trimble (NASDAQ: TRMB) are two such solid beaten-down stocks to buy now.
While one company is using cutting-edge technology to transform boring sectors like agriculture and construction, the other is focused on making the most of the opportunities in one of the hottest industries -- electric vehicles (EV). Albemarle and Trimble shares, however, are down more than 50% each from their respective all-time highs, making them attractive stocks to buy now. Here's what you need to know.
Albemarle is a no-brainer stock to buy now
Neha Chamaria (Albemarle): Albemarle stock has lost more than half its value in the past year and is down nearly 60% from its all-time high. That makes sense if you look at the dramatic fall in lithium prices. Lithium carbonate has slumped a whopping 68% so far this year, according to Trading Economics, hitting levels last seen in September 2021, thanks to decelerating global demand amid a supply glut from China. Lithium makes up the lion's share of Albemarle's business; the company produces a broad range of lithium compounds and products, and it's one of the world's largest lithium mining companies. It's, therefore, not surprising that the stock has fallen alongside lithium prices.
What's unwarranted, though, is the extent and pace of the stock's fall, which makes Albemarle a solid stock to buy right now for several reasons. The foremost, of course, is the long-term bullish outlook for lithium and how Albemarle is perfectly poised to exploit the opportunities.
With electrification, especially of vehicles, gaining traction steadily in the major economies of the world, demand for lithium is expected to rise steadily in the coming years. Albemarle projects demand for lithium to more than double between 2025 and 2030, driven by EVs. Albemarle is therefore investing heavily in lithium projects across the globe, including the U.S., China, Chile, Argentina, and Australia, and expects to nearly triple its lithium conversion nameplate capacity between 2022 and 2030. The company expects its lithium sales volumes to grow at a compound annual growth rate of 20% to 30% between 2022 and 2027.
Despite all the pessimism, Albemarle reported 60% year-over-year growth in net sales and net income each, in its second quarter. For the full year, it is projecting 50% growth in sales at the midpoint of its guidance. That alone should encourage investors to consider buying Albemarle stock now for the long term.
Trimble prepares for growth
Lee Samaha (Trimble): Trimble stock is down 51% from its all-time high in the summer of 2021, and I think the decline is creating a buying opportunity. The positioning technology company has a significant growth opportunity from becoming an ever-increasing part of its customers' workflow thanks to the increasing importance and adoption of advanced analytics.
It's no longer simply about precise positioning technology for mapping (geospatial), construction and infrastructure, trucking fleets (transportation), and guiding agricultural equipment (resources and utilities). With Trimble's modeling and analytics, customers can integrate its technology into, say, optimizing trucking fleet routes or precise management of construction projects. As such, Trimble is on a pathway to improving its margin and cash flow profile due to selling more higher-margin software and services to customers and generating more recurring revenue simultaneously.
Moreover, acquiring the European cloud-based transportation management software platform Transporeon (completed earlier this year) adds geographic reach and recurring revenue streams to its transportation business. Meanwhile, the recent agreement to form a joint venture (JV) with agricultural equipment company AGCO (Trimble will receive $2 billion in cash and a 15% stake in the JV, gives both companies the scale and technology to take on Deere's leadership in precision agriculture. Both deals make sense and position Trimble to grow strongly for years to come.
10 stocks we like better than Albemarle
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Lee Samaha has no position in any of the stocks mentioned. Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool recommends Deere and Trimble. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lithium carbonate has slumped a whopping 68% so far this year, according to Trading Economics, hitting levels last seen in September 2021, thanks to decelerating global demand amid a supply glut from China. It's, therefore, not surprising that the stock has fallen alongside lithium prices. With electrification, especially of vehicles, gaining traction steadily in the major economies of the world, demand for lithium is expected to rise steadily in the coming years.
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Trimble prepares for growth Lee Samaha (Trimble): Trimble stock is down 51% from its all-time high in the summer of 2021, and I think the decline is creating a buying opportunity. Lithium carbonate has slumped a whopping 68% so far this year, according to Trading Economics, hitting levels last seen in September 2021, thanks to decelerating global demand amid a supply glut from China. It's, therefore, not surprising that the stock has fallen alongside lithium prices.
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Lithium carbonate has slumped a whopping 68% so far this year, according to Trading Economics, hitting levels last seen in September 2021, thanks to decelerating global demand amid a supply glut from China. It's, therefore, not surprising that the stock has fallen alongside lithium prices. With electrification, especially of vehicles, gaining traction steadily in the major economies of the world, demand for lithium is expected to rise steadily in the coming years.
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Albemarle projects demand for lithium to more than double between 2025 and 2030, driven by EVs. Lithium carbonate has slumped a whopping 68% so far this year, according to Trading Economics, hitting levels last seen in September 2021, thanks to decelerating global demand amid a supply glut from China. It's, therefore, not surprising that the stock has fallen alongside lithium prices.
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720266.0
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2023-10-30 00:00:00 UTC
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UAW's record deal could boost others' wages as labor notches another victory
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https://www.nasdaq.com/articles/uaws-record-deal-could-boost-others-wages-as-labor-notches-another-victory
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By Bianca Flowers and Lisa Baertlein
Oct 30 (Reuters) - The tentative agreement reached between the United Auto Workers and two of the Detroit Three automakers marks another victory for labor unions that have turned up the pressure on big corporations to put better deals on the table.
Unions have taken an aggressive approach to campaigning with a series of high-profile battles across the industrial, auto, entertainment and healthcare industries. Experts say gains won by unions could spur more organizing and motivate non-unionized companies to try to stave off those efforts.
The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. The union has come to tentative agreements with Ford Motor F.N and Chrysler parent Stellantis STLAM.MI; talks with General Motors GM.N are still ongoing.
"This is a set of negotiations, historically, where gains made in Detroit would be viewed and adapted by many other industries across the economy," said Harley Shaiken, labor professor at the University of California, Berkley.
Union worker compensation has finally caught up to non-union wage increases dating from the COVID-19 pandemic, according to U.S. federal data, as the labor market has remained tight with unemployment at just 3.8%.
The tentative Ford and Stellantis deals will amount to total pay hikes of more than 33% when compounding and cost-of-living increases are factored in. The agreements may be a selling point for non-union shops to push for unionization, said San Francisco State University labor and employment professor John Logan. Nissan 7201.T and other competitors may feel compelled to boost wages to retain their workforce.
"The Big Three would want the UAW to organize Tesla," he added.
Public support for unions has helped engagement in traditionally unionized industries such as manufacturing and healthcare. A Reuters poll showed the majority of Americans stand behind striking workers.
Employee-led unionization efforts at retailers, such as AmazonAMZN.O and StarbucksSBUX.O, have reflected a consensus among workers who see unions as a means to secure better wages and working conditions.
Organization has been difficult in recent years. About 11.3% of workers were represented by unions last year compared with 23.6% in 1982, according to data analyzed by the Economic Policy Institute.
RIPPLE EFFECT
The UAW contractsare among many deals reached this year, along with agreements at UPS and construction equipment maker CaterpillarCAT.N. Workers at other companies, like Mack Truck and equipment makers CNH Industrial CNHI.MI and Deere & Co DE.N have all rebuffed initial deals despite raises that in some contracts appeared significant.
Increased awareness among workers about record profits has translated to company concessions and improved deals, said Marcos Feldman, senior researcher at Jobs to Move America, a labor organizing nonprofit.
"The task is to solidify and institutionalize it," Feldman said. "Unionizing efforts are the most aggressive they've ever been."
President Joe Biden considers unions a cornerstone of his economic policies, including the $1.2 trillion bipartisan infrastructure law to boost American manufacturing.
Employers may respond by boosting worker pay to hold off union efforts, or step up efforts to prevent unionization.
Some Starbucks employees have claimed the coffee chain illegally retaliated against organizers by firing employees and closing stores. Earlier this month the U.S. Department of Labor ordered the company to disclose documents pertaining to anti-union spending.
Amazon has dissuaded unionization, with the National Labor Relations Board (NLRB) recently ruling the e-commerce giant had threatened to withhold wages and benefits from employees at two New York warehouses.
UPS AND ITS RIVALS
The UPS deal in August raised pay and eliminated a two-tier wage system for drivers at the Atlanta-based company. That bolstered organizing efforts among Amazon workers and put pressure on UPS rivals to close a growing gap in pay.
When the new UPS agreement expires in 2028, the average full-time U.S. driver will make about $170,000 annually in pay and benefits, significantly more than peers employed by contractors for FedEx FDX.N and Amazon.
Amazon in September gave delivery contractors $440 million for the year to raise average driver pay to an estimated $20.50 per hour. Amazon told Reuters that payment was part of normal increases and not influenced by the UPS contract. It did not provide prior-year comparisons.
"One thing we've seen in this economy is that workers are more likely to quit when they are unhappy," said Kate Bronfenbrenner, director of labor education research at Cornell University. "Industries where they're more likely to stay are the ones where they unionize and they stay and fight."
GRAPHIC: Unionized workers catch up to non-unionized workers https://tmsnrt.rs/3QySYTp
(Reporting by Bianca Flowers; Editing by Jonathan Oatis)
((Bianca.Flowers@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Bianca Flowers and Lisa Baertlein Oct 30 (Reuters) - The tentative agreement reached between the United Auto Workers and two of the Detroit Three automakers marks another victory for labor unions that have turned up the pressure on big corporations to put better deals on the table. Increased awareness among workers about record profits has translated to company concessions and improved deals, said Marcos Feldman, senior researcher at Jobs to Move America, a labor organizing nonprofit. Amazon has dissuaded unionization, with the National Labor Relations Board (NLRB) recently ruling the e-commerce giant had threatened to withhold wages and benefits from employees at two New York warehouses.
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By Bianca Flowers and Lisa Baertlein Oct 30 (Reuters) - The tentative agreement reached between the United Auto Workers and two of the Detroit Three automakers marks another victory for labor unions that have turned up the pressure on big corporations to put better deals on the table. The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. "This is a set of negotiations, historically, where gains made in Detroit would be viewed and adapted by many other industries across the economy," said Harley Shaiken, labor professor at the University of California, Berkley.
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By Bianca Flowers and Lisa Baertlein Oct 30 (Reuters) - The tentative agreement reached between the United Auto Workers and two of the Detroit Three automakers marks another victory for labor unions that have turned up the pressure on big corporations to put better deals on the table. The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. "This is a set of negotiations, historically, where gains made in Detroit would be viewed and adapted by many other industries across the economy," said Harley Shaiken, labor professor at the University of California, Berkley.
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By Bianca Flowers and Lisa Baertlein Oct 30 (Reuters) - The tentative agreement reached between the United Auto Workers and two of the Detroit Three automakers marks another victory for labor unions that have turned up the pressure on big corporations to put better deals on the table. The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. "This is a set of negotiations, historically, where gains made in Detroit would be viewed and adapted by many other industries across the economy," said Harley Shaiken, labor professor at the University of California, Berkley.
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eb4b4a63-73ad-4d28-ae1e-b4c4dfc47ed7
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720267.0
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2023-10-27 00:00:00 UTC
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Deere Becomes Oversold
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DE
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https://www.nasdaq.com/articles/deere-becomes-oversold
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Deere & Co. (Symbol: DE) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Deere & Co. an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of DE entered into oversold territory, changing hands as low as $358.89 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 38.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DE's recent annualized dividend of 5.4/share (currently paid in quarterly installments) works out to an annual yield of 1.46% based upon the recent $369.54 share price.
A bullish investor could look at DE's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
GIFD Insider Buying
ELY Stock Predictions
Funds Holding MEAR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at DE's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 38.9. Indeed, DE's recent annualized dividend of 5.4/share (currently paid in quarterly installments) works out to an annual yield of 1.46% based upon the recent $369.54 share price.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 38.9. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: GIFD Insider Buying ELY Stock Predictions Funds Holding MEAR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 38.9. Indeed, DE's recent annualized dividend of 5.4/share (currently paid in quarterly installments) works out to an annual yield of 1.46% based upon the recent $369.54 share price.
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4412b361-a4d6-4ff0-a444-adc05addf443
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720268.0
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2023-10-27 00:00:00 UTC
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Peter Lynch Detailed Fundamental Analysis - DE
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DE
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https://www.nasdaq.com/articles/peter-lynch-detailed-fundamental-analysis-de
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. DEERE & COMPANY (DE) is a large-cap value stock in the Constr.
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f442edfe-9819-4c76-9c60-118c217fcc07
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720269.0
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2023-10-26 00:00:00 UTC
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Deere (DE) Stock Moves -0.64%: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-stock-moves-0.64%3A-what-you-should-know-0
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nan
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nan
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Deere (DE) closed the most recent trading day at $369.54, moving -0.64% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.18%. Elsewhere, the Dow saw a downswing of 0.76%, while the tech-heavy Nasdaq depreciated by 1.76%.
The the stock of agricultural equipment manufacturer has fallen by 3.24% in the past month, leading the Industrial Products sector's loss of 6.04% and the S&P 500's loss of 3.35%.
The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%. Meanwhile, our latest consensus estimate is calling for revenue of $13.82 billion, down 3.69% from the prior-year quarter.
DE's full-year Zacks Consensus Estimates are calling for earnings of $33.96 per share and revenue of $56.03 billion. These results would represent year-over-year changes of +45.88% and +16.93%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. Deere currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Deere is currently exchanging hands at a Forward P/E ratio of 10.95. This denotes a discount relative to the industry's average Forward P/E of 11.29.
It's also important to note that DE currently trades at a PEG ratio of 0.9. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. DE's industry had an average PEG ratio of 1.08 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Deere (DE) closed the most recent trading day at $369.54, moving -0.64% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.76%, while the tech-heavy Nasdaq depreciated by 1.76%.
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DE's full-year Zacks Consensus Estimates are calling for earnings of $33.96 per share and revenue of $56.03 billion. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed the most recent trading day at $369.54, moving -0.64% from the previous trading session.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed the most recent trading day at $369.54, moving -0.64% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.76%, while the tech-heavy Nasdaq depreciated by 1.76%.
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On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%. DE's industry had an average PEG ratio of 1.08 as of yesterday's close. Deere (DE) closed the most recent trading day at $369.54, moving -0.64% from the previous trading session.
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db474c39-c836-43f8-b05d-b4890774f918
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720270.0
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2023-10-24 00:00:00 UTC
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7 Must-Have Stocks for Every Future Millionaire’s Portfolio
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DE
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https://www.nasdaq.com/articles/7-must-have-stocks-for-every-future-millionaires-portfolio
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In the complex landscape of financial markets, the quest for wealth is both an art and a science. In this intricate dance of investment, seven key performers have emerged as the stars of the show. All of which are offering a roadmap to financial prosperity for future millionaires. From the digital revolution’s crown jewel to the sower of solar dreams, the credit card connoisseur to the tractor titan, the silicon champion to the networking virtuoso, and the creative giant, these seven stocks to buy stand out as pillars of opportunity and growth.
Each of these seven stocks has a unique strategy to tell, and the article unveils the secrets of their prosperity. Whether investors are looking to add resilience to their portfolio, harness the power of technology, or benefit from the ever-expanding realms of creativity, these can get them covered. So, fasten the seatbelts, explore the captivating world of investments, and discover why these seven stocks to buy are essential companions on the road to financial triumph.
Stocks to Buy: Block (SQ)
Source: Sergei Elagin / Shutterstock
Block (NYSE:SQ) has seen remarkable growth in its Cash App segment, driven by key performance indicators. Cash App has demonstrated significant year-over-year growth in its monthly active accounts. In June 2023, the platform boasted 54 million monthly transacting active accounts, marking a robust 15% year over year (YoY) increase.
Block’s growth strategy encompasses acquiring new customers and retaining and re-engaging existing ones. Customers with solid network connections exhibit higher retention rates, underscoring the pivotal role of network effects in user engagement.
In Q2 2023, inflows per active user reached $1,134, representing an impressive 8% YoY growth. This metric signifies the money users bring into the Cash App and utilize it across various products. Block is dedicated to boosting inflows per active by promoting product attachments, with Cash App cardholders bringing in double the inflows compared to peer-to-peer customers. Finally, the company envisions significant growth potential in encouraging product attachments for existing offerings and introducing new financial services and commerce products.
Enphase Energy (ENPH)
Source: T. Schneider / Shutterstock.com
Enphase Energy (NASDAQ:ENPH) derives its robustness from its distributed architecture. It is a pivotal strength that eliminates single points of failure and ensures exceptional system resilience. This architecture leverages semiconductor-based components with fewer parts, substantially reducing the likelihood of system failure. For instance, in Q2 2023, the distributed architecture of Enphase systems resulted in an impressively low 0.05% failure rate, underscoring the technology’s dependability. Also, Enphase’s 25-year warranty far exceeds industry standards, assuring customers of lasting quality and performance.
Also, Enphase’s AC-coupled architecture seamlessly integrates various components. It is forming a comprehensive home energy management system encompassing solar, storage, and an electric vehicle (EV) charger. AC-coupled systems are strategically designed to adapt to evolving energy tariff structures. For instance, California’s NEM 3.0 and analogous models in Europe. Lastly, the bundling of solar, storage, and EV charging positions Enphase Energy advantageously in the burgeoning market for integrated energy solutions. It reflects the company’s forward-looking approach to energy management.
Stocks to Buy: American Express (AXP)
Source: First Class Photography / Shutterstock.com
American Express (NYSE:AXP) is focused on refreshing and improving its product offerings. It customizes them to match customers’ preferences and spending habits in various local markets. Throughout the current year, the company has implemented enhancements to more than 20 premium products across its business segments. These enhancements not only bolster the membership model but also serve to entice new premium customers. Also, it may boost customer retention and foster deeper engagement with existing clients. The ongoing refinement of its product portfolio stands as a pivotal driver of growth for the company.
Additionally, American Express excels at maintaining exceptional levels of customer satisfaction, which is a cornerstone of its success. The company’s consistent recognition as the leading US credit card company for customer satisfaction by JD Power, achieving this honor for the fourth consecutive year and the 13th time in the 17 years of the study, serves as a testament to the trust and contentment of its customer base. Overall, contented customers exhibit higher loyalty, increased engagement, and a greater propensity to utilize the company’s services, further amplifying its growth potential.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
Deere’s (NYSE:DE) benefits from sustained demand for farm equipment and favorable agricultural conditions. The agricultural industry enjoys robust order backlogs and positive customer sentiment. Notably, in the US and Canada, sales of large agricultural equipment are projected to rise by approximately 10% in fiscal 2023. This strong order visibility instills confidence in a successful conclusion to fiscal 2023.
Also, Deere’s performance in the construction and forestry sectors remains impressive. It is marked by robust shipments driven by strong retail demand and rental re-fleeting. Steady demand is expected to persist, supported by infrastructure investments and the ongoing renewal of rental equipment fleets. The global construction industry outlook remains optimistic, particularly with government funding for infrastructure projects.
Lastly, Deere’s global footprint is a significant advantage. Operating across regions like Europe, South America, and Asia enables the company to tap into diverse markets and adapt to changing regional demands and economic conditions. Therefore, this geographical diversity reduces the company’s reliance on any single market and underpins its potential for sustained long-term growth.
Stocks to Buy: Advanced Micro Devices (AMD)
Source: JHVEPhoto / Shutterstock.com
With the data center market experiencing dynamic growth, Advanced Micro Devices (NASDAQ:AMD) actively participates in this expansion. It is driven primarily by the escalating demand for AI solutions. AMD has achieved multiple design wins in AI deployments, underscoring the significance of its CPUs in tandem with GPUs and other accelerators. This synergy with AI has been pivotal in fortifying AMD’s foothold in the data center arena.
In H2 2023, AMD set an ambitious target of increasing its data center business by 50% when comparing the H2 to H1 2023. Such a growth projection highlights AMD’s confidence in capturing a substantial market share in the data center sector.
Finally, AMD’s client business, encompassing the PC market, has rebounded to profitability. The introduction of the Ryzen 7000 series and robust customer demand fuel this segment’s growth. AMD’s focus on optimizing investments and enhancing efficiency has paved the way for the client business to achieve improved operating margins, reflecting the company’s overall resilience and competitiveness.
Broadcom (AVGO)
Source: Sasima / Shutterstock.com
Broadcom (NASDAQ:AVGO) has notably excelled in its networking segment, making it one of the top standout stocks to buy. In the third quarter of 2023, networking revenue surged by an impressive 20% year-on-year increase. This segment is pivotal in the company, as networking technologies are essential for expanding AI clusters tailored to hyperscale clients.
Additionally, Broadcom strongly emphasizes Ethernet as the premier networking protocol for effectively scaling AI clusters. The company’s dedication to open standards and cultivating a broad ecosystem has positioned it as a driving force behind Ethernet deployments within the vast language model networks crucial for AI clusters.
Further, Broadcom stands at the forefront of technological development, exemplified by its initiatives to pioneer next-generation switches and routers. The company is in the process of replacing existing 400-gigabit networks with 800-gigabit connectivity and is actively engaged in the development of 1.6-terabit connectivity. These endeavors underscore Broadcom’s focus on remaining at the forefront of industry requirements, ensuring its continued leadership in the networking domain.
Adobe (ADBE)
Source: Tattoboo / Shutterstock
Adobe (NASDAQ:ADBE) possesses a pivotal strength in its capability to expand its user base and deliver added value to existing customers. At the core of its offerings, Adobe Creative Cloud stands as the leading creative platform, offering an extensive array of products and services spanning various creative disciplines. The introduction of Adobe Express, an AI-centric, all-in-one creativity app, simplifies user content creation, underscoring Adobe’s steadfast dedication to fostering user growth, engagement, and retention through innovative products and precisely targeted campaigns.
Meanwhile, Document Cloud enhances document productivity and automation, spanning web, desktop, and mobile platforms. Adobe’s consistent growth in monthly active users across these platforms and embedded third-party app ecosystems attests to the expanding top-of-funnel and the effectiveness of its product-led growth strategies.
Last but not least, Adobe’s successful engagement with key clients such as Amazon (NASDAQ:AMZN), SAP (NYSE:SAP), and the US Department of Energy suggests major enterprises’ trust and preference for its solutions. These high-profile customers provide a stable revenue stream and serve as references for other potential clients. Finally, Adobe’s ability to attract and retain such prestigious clients represents its industry leadership and competitive prowess.
As of this writing, Yiannis Zourmpanos held a long position in ENPH. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.
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The post 7 Must-Have Stocks for Every Future Millionaire’s Portfolio appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company’s dedication to open standards and cultivating a broad ecosystem has positioned it as a driving force behind Ethernet deployments within the vast language model networks crucial for AI clusters. Cash App has demonstrated significant year-over-year growth in its monthly active accounts. Customers with solid network connections exhibit higher retention rates, underscoring the pivotal role of network effects in user engagement.
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Stocks to Buy: Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com With the data center market experiencing dynamic growth, Advanced Micro Devices (NASDAQ:AMD) actively participates in this expansion. The introduction of Adobe Express, an AI-centric, all-in-one creativity app, simplifies user content creation, underscoring Adobe’s steadfast dedication to fostering user growth, engagement, and retention through innovative products and precisely targeted campaigns. Cash App has demonstrated significant year-over-year growth in its monthly active accounts.
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Stocks to Buy: Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com With the data center market experiencing dynamic growth, Advanced Micro Devices (NASDAQ:AMD) actively participates in this expansion. The introduction of Adobe Express, an AI-centric, all-in-one creativity app, simplifies user content creation, underscoring Adobe’s steadfast dedication to fostering user growth, engagement, and retention through innovative products and precisely targeted campaigns. Cash App has demonstrated significant year-over-year growth in its monthly active accounts.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Must-Have Stocks for Every Future Millionaire’s Portfolio appeared first on InvestorPlace. Cash App has demonstrated significant year-over-year growth in its monthly active accounts. Customers with solid network connections exhibit higher retention rates, underscoring the pivotal role of network effects in user engagement.
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4cbe4a3c-494d-493f-85e2-eb65c9ac9e89
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720271.0
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2023-10-24 00:00:00 UTC
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3 Cheap Stocks With Huge Cash Flows
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DE
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https://www.nasdaq.com/articles/3-cheap-stocks-with-huge-cash-flows
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nan
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nan
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Top-line revenue growth is great, but if a company is not efficient, then they have very little cash left over for dividends, buybacks, acquisitions and more. One way to measure this is by looking at a company's free cash flow or free cash flow yield.
Today I will cover three stocks with strong free cash flow, one of those being Deere & Company (NYSE: DE).
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Oct. 20, 2023. The video was published on Oct. 23, 2023.
10 stocks we like better than Deere
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 23, 2023
American Express is an advertising partner of The Ascent, a Motley Fool company. Mark Roussin, CPA has positions in Deere. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top-line revenue growth is great, but if a company is not efficient, then they have very little cash left over for dividends, buybacks, acquisitions and more. Today I will cover three stocks with strong free cash flow, one of those being Deere & Company (NYSE: DE). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Top-line revenue growth is great, but if a company is not efficient, then they have very little cash left over for dividends, buybacks, acquisitions and more. Today I will cover three stocks with strong free cash flow, one of those being Deere & Company (NYSE: DE).
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Today I will cover three stocks with strong free cash flow, one of those being Deere & Company (NYSE: DE). Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below. Top-line revenue growth is great, but if a company is not efficient, then they have very little cash left over for dividends, buybacks, acquisitions and more.
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The Motley Fool recommends Deere. Top-line revenue growth is great, but if a company is not efficient, then they have very little cash left over for dividends, buybacks, acquisitions and more. Today I will cover three stocks with strong free cash flow, one of those being Deere & Company (NYSE: DE).
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fadc24e7-d311-4a17-ae41-00c6ad2f0157
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720272.0
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2023-10-23 00:00:00 UTC
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Notable ETF Outflow Detected - IUSG, AMGN, AMAT, DE
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DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iusg-amgn-amat-de
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $61.0 million dollar outflow -- that's a 0.5% decrease week over week (from 142,500,000 to 141,850,000). Among the largest underlying components of IUSG, in trading today Amgen Inc (Symbol: AMGN) is down about 1.4%, Applied Materials, Inc. (Symbol: AMAT) is up about 0.1%, and Deere & Co. (Symbol: DE) is relatively unchanged. For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average:
Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $93.77. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
TAO YTD Return
VQS shares outstanding history
RIMG Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $61.0 million dollar outflow -- that's a 0.5% decrease week over week (from 142,500,000 to 141,850,000).
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For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $93.77. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $61.0 million dollar outflow -- that's a 0.5% decrease week over week (from 142,500,000 to 141,850,000).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $61.0 million dollar outflow -- that's a 0.5% decrease week over week (from 142,500,000 to 141,850,000). For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $93.77. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $78.60 per share, with $101.04 as the 52 week high point — that compares with a last trade of $93.77. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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54150aa5-7d0b-4756-95a5-9e95a43a45d2
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720273.0
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2023-10-23 00:00:00 UTC
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Noteworthy Monday Option Activity: DE, NOW, SQ
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DE
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-de-now-sq
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 7,190 contracts have traded so far, representing approximately 719,000 underlying shares. That amounts to about 55.2% of DE's average daily trading volume over the past month of 1.3 million shares. Particularly high volume was seen for the $310 strike put option expiring November 17, 2023, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $310 strike highlighted in orange:
ServiceNow Inc (Symbol: NOW) options are showing a volume of 5,711 contracts thus far today. That number of contracts represents approximately 571,100 underlying shares, working out to a sizeable 54.3% of NOW's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $430 strike put option expiring January 17, 2025, with 201 contracts trading so far today, representing approximately 20,100 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $430 strike highlighted in orange:
And Block Inc (Symbol: SQ) saw options trading volume of 64,178 contracts, representing approximately 6.4 million underlying shares or approximately 54% of SQ's average daily trading volume over the past month, of 11.9 million shares. Especially high volume was seen for the $44 strike call option expiring October 27, 2023, with 3,439 contracts trading so far today, representing approximately 343,900 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $44 strike highlighted in orange:
For the various different available expirations for DE options, NOW options, or SQ options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
MBCN Videos
TFSL Average Annual Return
Top Ten Hedge Funds Holding TRTL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $310 strike put option expiring November 17, 2023, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Particularly high volume was seen for the $430 strike put option expiring January 17, 2025, with 201 contracts trading so far today, representing approximately 20,100 underlying shares of NOW. Especially high volume was seen for the $44 strike call option expiring October 27, 2023, with 3,439 contracts trading so far today, representing approximately 343,900 underlying shares of SQ.
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Below is a chart showing DE's trailing twelve month trading history, with the $310 strike highlighted in orange: ServiceNow Inc (Symbol: NOW) options are showing a volume of 5,711 contracts thus far today. Below is a chart showing NOW's trailing twelve month trading history, with the $430 strike highlighted in orange: And Block Inc (Symbol: SQ) saw options trading volume of 64,178 contracts, representing approximately 6.4 million underlying shares or approximately 54% of SQ's average daily trading volume over the past month, of 11.9 million shares. Below is a chart showing SQ's trailing twelve month trading history, with the $44 strike highlighted in orange: For the various different available expirations for DE options, NOW options, or SQ options, visit StockOptionsChannel.com.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 7,190 contracts have traded so far, representing approximately 719,000 underlying shares. Particularly high volume was seen for the $310 strike put option expiring November 17, 2023, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing NOW's trailing twelve month trading history, with the $430 strike highlighted in orange: And Block Inc (Symbol: SQ) saw options trading volume of 64,178 contracts, representing approximately 6.4 million underlying shares or approximately 54% of SQ's average daily trading volume over the past month, of 11.9 million shares.
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Particularly high volume was seen for the $310 strike put option expiring November 17, 2023, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing NOW's trailing twelve month trading history, with the $430 strike highlighted in orange: And Block Inc (Symbol: SQ) saw options trading volume of 64,178 contracts, representing approximately 6.4 million underlying shares or approximately 54% of SQ's average daily trading volume over the past month, of 11.9 million shares. Especially high volume was seen for the $44 strike call option expiring October 27, 2023, with 3,439 contracts trading so far today, representing approximately 343,900 underlying shares of SQ.
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c1ae3e7c-27eb-4512-8739-30cf7bd66be9
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720274.0
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2023-10-23 00:00:00 UTC
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Should You Invest in the VanEck Agribusiness ETF (MOO)?
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DE
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https://www.nasdaq.com/articles/should-you-invest-in-the-vaneck-agribusiness-etf-moo-1
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nan
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nan
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Launched on 08/31/2007, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Agribusiness segment of the equity market.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Materials - Agribusiness is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 14, placing it in bottom 13%.
Index Details
The fund is sponsored by Van Eck. It has amassed assets over $936.73 million, making it one of the larger ETFs attempting to match the performance of the Materials - Agribusiness segment of the equity market. MOO seeks to match the performance of the MVIS Global Agribusiness Index before fees and expenses.
The MVIS Global Agribusiness Index tracks the overall performance of companies involved in agri-chemicals, animal health and fertilizers, seeds and traits; farm/irrigation equipment and farm machinery; agricultural products, aquaculture and fishing, livestock plantations, and trading of agricultural products.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.53%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 2.49%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Zoetis Inc (ZTS) accounts for about 9.15% of total assets, followed by Deere & Co (DE) and Bayer Ag (BAYN).
The top 10 holdings account for about 55.68% of total assets under management.
Performance and Risk
The ETF has lost about -13.73% so far this year and is down about -9.56% in the last one year (as of 10/23/2023). In that past 52-week period, it has traded between $74.05 and $93.34.
The ETF has a beta of 0.95 and standard deviation of 18.18% for the trailing three-year period, making it a low risk choice in the space. With about 61 holdings, it effectively diversifies company-specific risk.
Alternatives
VanEck Agribusiness ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, MOO is a reasonable option for those seeking exposure to the Materials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
IShares MSCI Agriculture Producers ETF (VEGI) tracks MSCI ACWI Select Agriculture Producers Investable Market Index. The fund has $184.88 million in assets. VEGI has an expense ratio of 0.39%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VanEck Agribusiness ETF (MOO): ETF Research Reports
Deere & Company (DE) : Free Stock Analysis Report
Zoetis Inc. (ZTS) : Free Stock Analysis Report
iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The ETF has a beta of 0.95 and standard deviation of 18.18% for the trailing three-year period, making it a low risk choice in the space. Launched on 08/31/2007, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Agribusiness segment of the equity market. Index Details The fund is sponsored by Van Eck.
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Launched on 08/31/2007, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Agribusiness segment of the equity market. IShares MSCI Agriculture Producers ETF (VEGI) tracks MSCI ACWI Select Agriculture Producers Investable Market Index. Click to get this free report VanEck Agribusiness ETF (MOO): ETF Research Reports Deere & Company (DE) : Free Stock Analysis Report Zoetis Inc. (ZTS) : Free Stock Analysis Report iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports To read this article on Zacks.com click here.
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Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Click to get this free report VanEck Agribusiness ETF (MOO): ETF Research Reports Deere & Company (DE) : Free Stock Analysis Report Zoetis Inc. (ZTS) : Free Stock Analysis Report iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports To read this article on Zacks.com click here. Launched on 08/31/2007, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Agribusiness segment of the equity market.
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Launched on 08/31/2007, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Agribusiness segment of the equity market. The ETF has a beta of 0.95 and standard deviation of 18.18% for the trailing three-year period, making it a low risk choice in the space. Index Details The fund is sponsored by Van Eck.
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051e62fc-dafc-4c57-b5df-945effbead9a
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720275.0
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2023-10-23 00:00:00 UTC
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Validea Detailed Fundamental Analysis - DE
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DE
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-de-14
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 75% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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f902d756-8ff5-484b-a1fe-0b2f0aa6532f
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720276.0
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2023-10-20 00:00:00 UTC
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Deere (DE) Registers a Bigger Fall Than the Market: Important Facts to Note
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DE
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https://www.nasdaq.com/articles/deere-de-registers-a-bigger-fall-than-the-market%3A-important-facts-to-note
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nan
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nan
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The latest trading session saw Deere (DE) ending at $375.15, denoting a -1.63% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 1.26%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq lost 1.54%.
Coming into today, shares of the agricultural equipment manufacturer had lost 1.62% in the past month. In that same time, the Industrial Products sector lost 5.31%, while the S&P 500 lost 3.67%.
Market participants will be closely following the financial results of Deere in its upcoming release. The company's earnings per share (EPS) are projected to be $7.58, reflecting a 1.88% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $13.82 billion, showing a 3.69% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.91 per share and revenue of $56.03 billion. These totals would mark changes of +45.66% and +16.93%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Deere. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Deere is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Deere is holding a Forward P/E ratio of 11.25. Its industry sports an average Forward P/E of 11.44, so one might conclude that Deere is trading at a discount comparatively.
Meanwhile, DE's PEG ratio is currently 0.93. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Manufacturing - Farm Equipment was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 25, this industry ranks in the top 10% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. The latest trading session saw Deere (DE) ending at $375.15, denoting a -1.63% adjustment from its last day's close. Market participants will be closely following the financial results of Deere in its upcoming release.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The latest trading session saw Deere (DE) ending at $375.15, denoting a -1.63% adjustment from its last day's close. Market participants will be closely following the financial results of Deere in its upcoming release.
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The latest trading session saw Deere (DE) ending at $375.15, denoting a -1.63% adjustment from its last day's close. Market participants will be closely following the financial results of Deere in its upcoming release. Investors should also take note of any recent adjustments to analyst estimates for Deere.
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The latest trading session saw Deere (DE) ending at $375.15, denoting a -1.63% adjustment from its last day's close. Market participants will be closely following the financial results of Deere in its upcoming release. Investors should also take note of any recent adjustments to analyst estimates for Deere.
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46ef2904-a4a6-458f-aac5-9147a99551b2
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720277.0
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2023-10-20 00:00:00 UTC
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The Zacks Analyst Blog Highlights Caterpillar, Emerson Electric, Deere, Xylem and Parker-Hannifin
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-caterpillar-emerson-electric-deere-xylem-and-parker
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nan
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nan
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For Immediate Release
Chicago, IL – October 20, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Caterpillar Inc. CAT, Emerson Electric Co. EMR, Deere & Co. DE, Xylem Inc. XYL and Parker-Hannifin Corp. PH.
Here are highlights from Thursday’s Analyst Blog:
5 Manufacturing Stocks to Buy, Defying a Tepid Scenario
The U.S. manufacturing sector has contracted for 11 consecutive months in September following a 28-month period of growth. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managers’ index) came in at 49.
Notably, any reading below 50 indicates a contraction in manufacturing activities. However, the index surpassed the consensus mark of 48.3 and handily beat August’s reading of 47.6. Moreover, three of the major subindexes have expanded.
The Production PMI came up with a reading of 52.5, increasing 2.5% month over month in September. The Employment Index came up with a reading of 51.2, up 2.7% from August’s reading of 48.5. Finally, the ISM’s forward-looking subindex for new orders climbed to 49.2 in September from 46.8 in August.
While supply-chain disruptions persist, especially related to the availability of electronic components, the situation has improved, as evident from the ISM report’s Supplier Deliveries Index, which reflected faster deliveries for the twelfth straight month in September.
The industry participants are focused on an acquisition-based growth strategy to expand their network and product offerings. This helps them foray into new markets and solidify their competitive position. Exposure to various end markets helps industrial manufacturing companies offset risks associated with a single market.
Our Top Picks
We have narrowed our search to five manufacturing stocks with strong potential for the rest of 2023. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong BUY) stocks here.
Caterpillar Inc. has seen year-over-year revenue and earnings growth for nine straight quarters thanks to its cost-saving actions, strong end-market demand and pricing actions that offset the impact of supply-chain snarls and cost pressures. We expect the company’s adjusted earnings per share for 2023 to grow 19.5% and revenues to rise 7.6%.
Caterpillar has an expected revenue and earnings growth rate of 12.8% and 43.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 30 days.
Emerson Electric Co. has been benefiting from healthy demand across end markets. Strong demand across the process and hybrid markets are driving EMR’s underlying sales. The successive deals to acquire Afag and Flexim spark optimism. Emerson Electric’s $8.2 billion deal to acquire National Instruments holds promise. EMR’s bullish guidance for fiscal 2023 is encouraging.
Emerson Electric has an expected revenue and earnings growth rate of 5.4% and 10.6%, respectively, for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved 1.4% over the last 30 days.
Deere & Co. is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost DE’s results. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
Product launches equipped with the latest technology to make farming automated will continue to provide DE with an edge over its competitors. DE is poised to benefit in the long run from rapid growth in the global population and rising worldwide infrastructure needs.
Deere has an expected revenue and earnings growth rate of 16.9% and 45.7%, respectively, for the current year (ending October 2023). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days.
Xylem Inc. has been benefiting from strength across the utilities and industrial water applications end markets, strong industrial demand and improving supply chains. Strong price realization and backlog execution in the U.S. and emerging markets are driving the Applied Water segment.
Synergies from the Evoqua acquisition bolster XYL’s growth. Amid a healthy demand environment and to include contributions from the Evoqua buyout, XYL has raised its 2023 guidance.
Xylem has an expected revenue and earnings growth rate of 30.5% and 28.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9% over the last 60 days.
Parker-Hannifin Corp. is benefiting from increased productivity & supply-chain improvement in the North American region within the Diversified Industrial segment. Synergies from the Meggitt buyout (September 2022) are also aiding PH.
The Meggitt buyout has bolstered PH’s Aerospace Systems unit (revenues jumped about 90% year over year in the fourth quarter of fiscal 2023). Benefits from the Win strategy are driving PH’s margins.
Parker-Hannifin has an expected revenue and earnings growth rate of 5% and 5.3%, respectively, for the current year (ending June 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
4 Oil Stocks with Massive Upsides
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In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Emerson Electric Co. (EMR) : Free Stock Analysis Report
Parker-Hannifin Corporation (PH) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Xylem Inc. (XYL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Caterpillar Inc. CAT, Emerson Electric Co. EMR, Deere & Co. DE, Xylem Inc. XYL and Parker-Hannifin Corp. PH. Product launches equipped with the latest technology to make farming automated will continue to provide DE with an edge over its competitors. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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Stocks recently featured in the blog include: Caterpillar Inc. CAT, Emerson Electric Co. EMR, Deere & Co. DE, Xylem Inc. XYL and Parker-Hannifin Corp. PH. Xylem Inc. has been benefiting from strength across the utilities and industrial water applications end markets, strong industrial demand and improving supply chains. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Emerson Electric Co. (EMR) : Free Stock Analysis Report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere has an expected revenue and earnings growth rate of 16.9% and 45.7%, respectively, for the current year (ending October 2023). Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Emerson Electric Co. (EMR) : Free Stock Analysis Report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Caterpillar Inc. CAT, Emerson Electric Co. EMR, Deere & Co. DE, Xylem Inc. XYL and Parker-Hannifin Corp. PH.
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Emerson Electric Co. has been benefiting from healthy demand across end markets. Stocks recently featured in the blog include: Caterpillar Inc. CAT, Emerson Electric Co. EMR, Deere & Co. DE, Xylem Inc. XYL and Parker-Hannifin Corp. PH. Here are highlights from Thursday’s Analyst Blog: 5 Manufacturing Stocks to Buy, Defying a Tepid Scenario The U.S. manufacturing sector has contracted for 11 consecutive months in September following a 28-month period of growth.
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2023-10-19 00:00:00 UTC
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Deere (DE) Stock Moves -0.22%: What You Should Know
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https://www.nasdaq.com/articles/deere-de-stock-moves-0.22%3A-what-you-should-know
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In the latest trading session, Deere (DE) closed at $381.37, marking a -0.22% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.85%. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 0.96%.
Prior to today's trading, shares of the agricultural equipment manufacturer had lost 5% over the past month. This has lagged the Industrial Products sector's loss of 4.87% and the S&P 500's loss of 3.02% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. The company is expected to report EPS of $7.58, up 1.88% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $13.82 billion, indicating a 3.69% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.91 per share and revenue of $56.03 billion. These totals would mark changes of +45.66% and +16.93%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Deere. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. Right now, Deere possesses a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 11.27 right now. This expresses a discount compared to the average Forward P/E of 11.48 of its industry.
It's also important to note that DE currently trades at a PEG ratio of 0.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment industry had an average PEG ratio of 0.92 as trading concluded yesterday.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 22, this industry ranks in the top 9% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the meantime, our current consensus estimate forecasts the revenue to be $13.82 billion, indicating a 3.69% decline compared to the corresponding quarter of the prior year. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. In the latest trading session, Deere (DE) closed at $381.37, marking a -0.22% move from the previous day.
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In the latest trading session, Deere (DE) closed at $381.37, marking a -0.22% move from the previous day. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 0.96%.
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In the latest trading session, Deere (DE) closed at $381.37, marking a -0.22% move from the previous day. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 0.96%. Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure.
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In the latest trading session, Deere (DE) closed at $381.37, marking a -0.22% move from the previous day. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 0.96%. Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure.
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2023-10-19 00:00:00 UTC
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3 Ag Stocks to Buy Instead of John Deere
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https://www.nasdaq.com/articles/3-ag-stocks-to-buy-instead-of-john-deere
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Most investors would say Deere (NYSE:DE) comes to mind when thinking of agriculture stocks. It’s hard not to think of its green combines and tractors plowing through farmers’ fields across America.
You can’t fault the stock’s performance over the past five years, up 162%, nearly 3x better than the S&P 500. If we’re talking about the best ag stocks, it’s always at the front of the conversation.
However, I saw something recently that sparked my interest in its competitors and the realization that there were other ag stocks out there to lean into.
Earlier in October, Barron’s contributor Al Root, a writer I tend to follow, was discussing the merger of AGCO (NYSE:AGCO) and Trimble’s (NASDAQ:TRMB) precision-agriculture businesses into a joint venture that will allow AGCO to better compete with John Deere.
I’m familiar with Trimble because of its Construction One software for the construction industry. I know AGCO because it owns Canada’s iconic combine brand, Massey Ferguson.
So, as ag stocks go, AGCO is a genuine alternative to Deere, with two others making my trio.
AGCO (AGCO)
Source: Pavel Kapysh/ShutterStock.com
As I said in the intro, AGCO owns Massey Ferguson. It acquired the Canadian company for $328 million in cash and stock in 1994. At the time of the purchase, the combined companies had annual revenue of $1.5 billion.
As for AGCO, it got its start in 1990 when Robert Ratliff and other managers acquired Deutz-Allis Corp. in a management buyout. The company only had $200 million in revenue at the time. Ratliff would make 21 more acquisitions, including Massey Ferguson, before retiring as CEO in 2006.
In 2022, AGCO generated revenue of $12.7 billion, nearly 14% higher than in 2021, while its operating income increased by 26% to $1.27 billion. In the first six months of 2023, its sales increased by 27% to $7.2 billion, with growth in every region except Asia. Operating profits were up 89% to $884 million.
In 2023, it expects to grow revenues by about $2 billion, or 16%, with adjusted earnings per share of $15.25.
Currently trading at less than 8x earnings — Deere trades at 13x forward earnings — AGCO is the value play here.
Lindsay (LNN)
Lindsay (NYSE:LNN) stock has gotten hammered in 2023. The Nebraska-based company’s shareholders have seen their holdings’ value fall by 32% this year. Its shares are now within a dollar of its 52-week low.
The company manufactures center pivot irrigation systems, other farm and construction machinery and road safety and railroad infrastructure products.
Most recently, it announced on July 31 that it acquired FieldWise, LLC, a provider of subscription-based precision irrigation solutions. The solutions allow farmers and ranchers to monitor and control their critical assets remotely. FieldWise’s products enable farmers to be more productive.
Looking at FieldWise’s website, I bet Lindsay is interested in the company’s Nano telemetry technology, which provides customers with exceptional versatility at a reasonable cost.
If you look at Lindsay’s operating margins in the latest quarter, they’re outstanding. The irrigation segment, which accounts for 87% of its revenue, had an operating margin of 21.6%, 60 basis points higher than a year ago. The operating margin for its infrastructure segment in the third quarter was 16.2%, 140 basis points higher.
So, despite a 23% decrease in revenue and operating income on a consolidated basis, it still managed to generate a reasonable profit.
The problem is farmers are nervous about the economy, forcing them to cut back demand. Lindsay can’t control how farmers react to the economy, but it can control costs; it’s been successful on that front.
With infrastructure spending expected to increase in 2024, look for that part of the business to grow in importance.
By most financial metrics, LNN stock hasn’t been this cheap since 2015-2016.
Exor (EXXRF)
Source: GaudiLab / Shutterstock
Exor (OTCMKTS:EXXRF) is the Agnelli family’s holding company. Bear with me while I provide a little history lesson.
Giovanni Agnelli founded Fabbrica Italiana Automobili Torino (FIAT) in 1899. In 1927, Agnelli created Istituto Finanziario Industriale (IFI), a holding company for his shareholdings in Fiat and other sectors. In 1964, IFI started IFI International (IFINT) to hold the family’s investments outside Italy. In 1991, IFINT acquired French conglomerate Exor S.A. Finally, IFINT merged with Exor S.A. to form the current Exor holding company.
As Sean Connery said in “The Untouchables,” “Here endeth the lesson.”
Exor’s holdings include 22.9% of Ferrari (NYSE:RACE), 14.2% of Stellantis (NYSE:STLA), and most importantly, as it relates to agriculture, 26.9% of CNH Industrial (NYSE:CNHI).
CNH Industrial was created in September 2013. It was the new name of the merged entity of CNH Global and Fiat Industrial. CNH was created in 1999 by merging Wisconsin-based Case and Europe’s New Holland.
In the second quarter, CNH reported an 8% increase in revenue to $6.57 billion. Its adjusted net income was $711 million, 22% higher than in Q2 2022.
Its Agriculture segment accounted for 74% of its revenue. Its Construction segment went over $1 billion in revenue in the quarter for the first time. It accounts for 16% of the company’s overall revenue, and its Financial segment accounts for the remaining 10%.
As the agriculture business goes, so goes CNH.
Business is good, but like the other ag stocks, investors aren’t so confident about the future. So, while CNH stock is down 28% year-to-date, Exor stock is up more than 20%.
Exor’s diversification is an excellent way to play agriculture.
On the date of publication, Will Ashworth did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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The post 3 Ag Stocks to Buy Instead of John Deere appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at FieldWise’s website, I bet Lindsay is interested in the company’s Nano telemetry technology, which provides customers with exceptional versatility at a reasonable cost. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Ag Stocks to Buy Instead of John Deere appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Most investors would say Deere (NYSE:DE) comes to mind when thinking of agriculture stocks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Most investors would say Deere (NYSE:DE) comes to mind when thinking of agriculture stocks. Earlier in October, Barron’s contributor Al Root, a writer I tend to follow, was discussing the merger of AGCO (NYSE:AGCO) and Trimble’s (NASDAQ:TRMB) precision-agriculture businesses into a joint venture that will allow AGCO to better compete with John Deere. So, as ag stocks go, AGCO is a genuine alternative to Deere, with two others making my trio.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Most investors would say Deere (NYSE:DE) comes to mind when thinking of agriculture stocks. Earlier in October, Barron’s contributor Al Root, a writer I tend to follow, was discussing the merger of AGCO (NYSE:AGCO) and Trimble’s (NASDAQ:TRMB) precision-agriculture businesses into a joint venture that will allow AGCO to better compete with John Deere. So, as ag stocks go, AGCO is a genuine alternative to Deere, with two others making my trio.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Most investors would say Deere (NYSE:DE) comes to mind when thinking of agriculture stocks. Earlier in October, Barron’s contributor Al Root, a writer I tend to follow, was discussing the merger of AGCO (NYSE:AGCO) and Trimble’s (NASDAQ:TRMB) precision-agriculture businesses into a joint venture that will allow AGCO to better compete with John Deere. So, as ag stocks go, AGCO is a genuine alternative to Deere, with two others making my trio.
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720280.0
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2023-10-19 00:00:00 UTC
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5 Manufacturing Stocks to Buy Defying a Tepid Scenario
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https://www.nasdaq.com/articles/5-manufacturing-stocks-to-buy-defying-a-tepid-scenario
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The U.S. manufacturing sector has contracted for 11 consecutive months in September following a 28-month period of growth. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managers’ index) came in at 49.
Notably, any reading below 50 indicates a contraction in manufacturing activities. However, the index surpassed the consensus mark of 48.3 and handily beat August’s reading of 47.6. Moreover, three of the major subindexes have expanded.
The Production PMI came up with a reading of 52.5, increasing 2.5% month over month in September. The Employment Index came up with a reading of 51.2, up 2.7% from August’s reading of 48.5. Finally, the ISM’s forward-looking subindex for new orders climbed to 49.2 in September from 46.8 in August.
While supply-chain disruptions persist, especially related to the availability of electronic components, the situation has improved, as evident from the ISM report’s Supplier Deliveries Index, which reflected faster deliveries for the twelfth straight month in September.
The industry participants are focused on an acquisition-based growth strategy to expand their network and product offerings. This helps them foray into new markets and solidify their competitive position. Exposure to various end markets helps industrial manufacturing companies offset risks associated with a single market.
Our Top Picks
We have narrowed our search to five manufacturing stocks with strong potential for the rest of 2023. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong BUY) stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Caterpillar Inc. CAT has seen year-over-year revenue and earnings growth for nine straight quarters thanks to its cost-saving actions, strong end-market demand and pricing actions that offset the impact of supply-chain snarls and cost pressures. We expect the company’s adjusted earnings per share for 2023 to grow 19.5% and revenues to rise 7.6%.
Caterpillar has an expected revenue and earnings growth rate of 12.8% and 43.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 30 days.
Emerson Electric Co. EMR has been benefiting from healthy demand across end markets. Strong demand across the process and hybrid markets are driving EMR’s underlying sales. The successive deals to acquire Afag and Flexim spark optimism. Emerson Electric’s $8.2 billion deal to acquire National Instruments holds promise. EMR’s bullish guidance for fiscal 2023 is encouraging.
Emerson Electric has an expected revenue and earnings growth rate of 5.4% and 10.6%, respectively, for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved 1.4% over the last 30 days.
Deere & Co. DE is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost DE’s results. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
Product launches equipped with the latest technology to make farming automated will continue to provide DE with an edge over its competitors. DE is poised to benefit in the long run from rapid growth in the global population and rising worldwide infrastructure needs.
Deere has an expected revenue and earnings growth rate of 16.9% and 45.7%, respectively, for the current year (ending October 2023). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days.
Xylem Inc. XYL has been benefiting from strength across the utilities and industrial water applications end markets, strong industrial demand and improving supply chains. Strong price realization and backlog execution in the U.S. and emerging markets are driving the Applied Water segment.
Synergies from the Evoqua acquisition bolster XYL’s growth. Amid a healthy demand environment and to include contributions from the Evoqua buyout, XYL has raised its 2023 guidance.
Xylem has an expected revenue and earnings growth rate of 30.5% and 28.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9% over the last 60 days.
Parker-Hannifin Corp. PH is benefiting from increased productivity & supply-chain improvement in the North American region within the Diversified Industrial segment. Synergies from the Meggitt buyout (September 2022) are also aiding PH.
The Meggitt buyout has bolstered PH’s Aerospace Systems unit (revenues jumped about 90% year over year in the fourth quarter of fiscal 2023). Benefits from the Win strategy are driving PH’s margins.
Parker-Hannifin has an expected revenue and earnings growth rate of 5% and 5.3%, respectively, for the current year (ending June 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Emerson Electric Co. (EMR) : Free Stock Analysis Report
Parker-Hannifin Corporation (PH) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Xylem Inc. (XYL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Co. DE is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managers’ index) came in at 49.
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Xylem Inc. XYL has been benefiting from strength across the utilities and industrial water applications end markets, strong industrial demand and improving supply chains. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Emerson Electric Co. (EMR) : Free Stock Analysis Report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managers’ index) came in at 49.
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Image Source: Zacks Investment Research Caterpillar Inc. CAT has seen year-over-year revenue and earnings growth for nine straight quarters thanks to its cost-saving actions, strong end-market demand and pricing actions that offset the impact of supply-chain snarls and cost pressures. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Emerson Electric Co. (EMR) : Free Stock Analysis Report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managers’ index) came in at 49.
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Emerson Electric Co. EMR has been benefiting from healthy demand across end markets. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managers’ index) came in at 49. However, the index surpassed the consensus mark of 48.3 and handily beat August’s reading of 47.6.
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720281.0
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2023-10-19 00:00:00 UTC
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The Zacks Analyst Blog Highlights A. O. Smith, Applied Industrial, Xerox, Caterpillar and Deere
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For Immediate Release
Chicago, IL – October 19, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE.
Here are highlights from Wednesday’s Analyst Blog:
Industrial Production Increases on Higher Demand: 5 Winners
The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback. Factory output is increasing on rebounding demand, driving manufacturing activity at U.S. factories.
The sector is likely to get a further boost as the Fed gears up to end its monetary tightening, with inflation declining over the past year. Given this scenario, industrial stocks like A. O. Smith Corp., Applied Industrial Technologies, Inc., Xerox Holdings Corp., Caterpillar Inc. and Deere & Co. are expected to benefit in the near term.
Industrial Production, Capacity Utilization Increase
The Commerce Department said on Oct 17 that production at U.S. factories increased in September. The department reported that industrial production grew 0.3% month over month in September, beating expectations of an increase of 0.1%.
Production is still down 0.8% year over year, but signs of recovery are evident. Durable goods production increased 2.3% year over year. The output of motor vehicles and parts rose 0.3% in September after falling by 4.1% a month earlier.
Interestingly, the jump comes despite a strike by the United Auto Workers union at various factories of General Motorsand Ford last month that massively hampered production.
Factory production and production in mining increased 0.4% each. Also, capacity utilization increased 0.2% to 79.7% in September, matching its long-run (1972-2022) average.
The manufacturing sector is still facing challenges, with manufacturing activity contracting for the 11th consecutive month in September. Institute for Supply Management (ISM) Manufacturing PMI came up with a reading of 49% in September, up 1.4% from August’s reading of 47.6%.
While a reading below 50 typically indicates a contraction in manufacturing activity, recent trends show signs of recovery. Several major subindexes have been expanding, suggesting a positive trajectory for manufacturing. Notably, the September reading is the highest since November 2022, providing further evidence that manufacturing activity is indeed expanding.
The Federal Reserve left interest rates unchanged to the current range of 5.25-5.5% in its September FOMC meeting before increasing it by 525 basis points since March 2022.
However, inflation has sharply declined over the past year after the Fed started raising interest rates. Also, the Fed has said that it will go for another 25-basis point interest rate hike this year before going for rate cuts in 2024.
This definitely bodes well for the manufacturing sectors, as lower borrowing costs will boost production.
Our Choices
Given this scenario, it would be ideal to invest in the five stocks we have picked below. These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns. You can see the complete list of today’s Zacks #1 Rank stocks here.
A. O. Smith Corp. is one of the leading manufacturers of commercial and residential water heating equipment, and water treatment products of the world. AOS specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.
A. O. Smith’s expected earnings growth for the current year is 14.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 60 days. AOS presently carries a Zacks Rank #2.
Applied Industrial Technologies is a distributor of value-added industrial products, including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. AIT’s products are mainly sold to original equipment manufacturers and maintenance, repair, and operations customers in Australia, North America, Singapore and New Zealand.
Applied Industrial Technologies’ expected earnings growth for the current year is 4.3%. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the past 60 days. AIT currently sports a Zacks Rank #1.
Xerox Holdings is a leader in the contractual print and document services market. XRX has developed one of the industry’s strongest portfolios of managed print service solutions and services. Xerox’s strategy is to use data-centric technologies to better help customers in their digital transformation journey, taking advantage of the changing market conditions.
Xerox’s expected earnings growth for the current year is 52.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. XRX presently has a Zacks Rank #2.
Caterpillar is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors — infrastructure, construction, mining, oil & gas and transportation, CAT is considered a bellwether of the global economy. Caterpillar has more than 4 million products with an extensive dealer network of 165 dealers spanning 191 countries.
Caterpillar’s expected earnings growth for the current year is 43.6%. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the past 60 days. CAT currently carries a Zacks Rank #2.
Deere & Co. is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. DE has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors.
Deere & Company’s expected earnings growth for the current year is 45.6%. The Zacks Consensus Estimate for current-year earnings has improved 6.3% over the past 60 days. DE currently carries a Zacks Rank #2.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Xerox Holdings Corporation (XRX) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE. Here are highlights from Wednesday’s Analyst Blog: Industrial Production Increases on Higher Demand: 5 Winners The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood.
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Stocks recently featured in the blog include: A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE. Given this scenario, industrial stocks like A. O. Smith Corp., Applied Industrial Technologies, Inc., Xerox Holdings Corp., Caterpillar Inc. and Deere & Co. are expected to benefit in the near term. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include: A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE. Industrial Production, Capacity Utilization Increase The Commerce Department said on Oct 17 that production at U.S. factories increased in September. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include: A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE. Here are highlights from Wednesday’s Analyst Blog: Industrial Production Increases on Higher Demand: 5 Winners The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback. Factory output is increasing on rebounding demand, driving manufacturing activity at U.S. factories.
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bfabb4b4-4c87-416b-a011-63683073cdcf
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720282.0
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2023-10-18 00:00:00 UTC
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DE Factor-Based Stock Analysis
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DE
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https://www.nasdaq.com/articles/de-factor-based-stock-analysis-6
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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246523c4-30c3-48bc-9b3f-bafefb6cfec5
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720283.0
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2023-10-18 00:00:00 UTC
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Industrial Production Increases on Higher Demand: 5 Winners
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DE
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https://www.nasdaq.com/articles/industrial-production-increases-on-higher-demand%3A-5-winners
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nan
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nan
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The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback. Factory output is increasing on rebounding demand, driving manufacturing activity at U.S. factories.
The sector is likely to get a further boost as the Fed gears up to end its monetary tightening, with inflation declining over the past year. Given this scenario, industrial stocks like A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE are expected to benefit in the near term.
Industrial Production, Capacity Utilization Increase
The Commerce Department said on Oct 17 that production at U.S. factories increased in September. The department reported that industrial production grew 0.3% month over month in September, beating expectations of an increase of 0.1%.
Production is still down 0.8% year over year, but signs of recovery are evident. Durable goods production increased 2.3% year over year. The output of motor vehicles and parts rose 0.3% in September after falling by 4.1% a month earlier.
Interestingly, the jump comes despite a strike by the United Auto Workers union at various factories of General Motors Co. GM and Ford Motor Co. F last month that massively hampered production.
Factory production and production in mining increased 0.4% each. Also, capacity utilization increased 0.2% to 79.7% in September, matching its long-run (1972-2022) average.
The manufacturing sector is still facing challenges, with manufacturing activity contracting for the 11th consecutive month in September. Institute for Supply Management (ISM) Manufacturing PMI came up with a reading of 49% in September, up 1.4% from August’s reading of 47.6%.
While a reading below 50 typically indicates a contraction in manufacturing activity, recent trends show signs of recovery. Several major subindexes have been expanding, suggesting a positive trajectory for manufacturing. Notably, the September reading is the highest since November 2022, providing further evidence that manufacturing activity is indeed expanding.
The Federal Reserve left interest rates unchanged to the current range of 5.25-5.5% in its September FOMC meeting before increasing it by 525 basis points since March 2022.
However, inflation has sharply declined over the past year after the Fed started raising interest rates. Also, the Fed has said that it will go for another 25-basis point interest rate hike this year before going for rate cuts in 2024.
This definitely bodes well for the manufacturing sectors, as lower borrowing costs will boost production.
Our Choices
Given this scenario, it would be ideal to invest in the five stocks we have picked below. These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns. You can see the complete list of today’s Zacks #1 Rank stocks here.
A. O. Smith Corp. is one of the leading manufacturers of commercial and residential water heating equipment, and water treatment products of the world. AOS specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.
A. O. Smith’s expected earnings growth for the current year is 14.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 60 days. AOS presently carries a Zacks Rank #2.
Applied Industrial Technologies is a distributor of value-added industrial products, including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. AIT’s products are mainly sold to original equipment manufacturers and maintenance, repair, and operations customers in Australia, North America, Singapore and New Zealand.
Applied Industrial Technologies’ expected earnings growth for the current year is 4.3%. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the past 60 days. AIT currently sports a Zacks Rank #1.
Xerox Holdings is a leader in the contractual print and document services market. XRX has developed one of the industry’s strongest portfolios of managed print service solutions and services. Xerox’s strategy is to use data-centric technologies to better help customers in their digital transformation journey, taking advantage of the changing market conditions.
Xerox’s expected earnings growth for the current year is 52.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. XRX presently has a Zacks Rank #2.
Caterpillar is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors — infrastructure, construction, mining, oil & gas and transportation, CAT is considered a bellwether of the global economy. Caterpillar has more than 4 million products with an extensive dealer network of 165 dealers spanning 191 countries.
Caterpillar’s expected earnings growth for the current year is 43.6%. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the past 60 days. CAT currently carries a Zacks Rank #2.
Deere & Co. is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. DE has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors.
Deere & Company’s expected earnings growth for the current year is 45.6%. The Zacks Consensus Estimate for current-year earnings has improved 6.3% over the past 60 days. DE currently carries a Zacks Rank #2.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Xerox Holdings Corporation (XRX) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback. The Federal Reserve left interest rates unchanged to the current range of 5.25-5.5% in its September FOMC meeting before increasing it by 525 basis points since March 2022. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.
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Given this scenario, industrial stocks like A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE are expected to benefit in the near term. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here. The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback.
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Given this scenario, industrial stocks like A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE are expected to benefit in the near term. Industrial Production, Capacity Utilization Increase The Commerce Department said on Oct 17 that production at U.S. factories increased in September. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Given this scenario, industrial stocks like A. O. Smith Corp. AOS, Applied Industrial Technologies, Inc. AIT, Xerox Holdings Corp. XRX, Caterpillar Inc. CAT and Deere & Co. DE are expected to benefit in the near term. The U.S. manufacturing sector, severely hit by sky-high prices and the Federal Reserve’s interest rate hike campaign to curb inflation, is trying to make a slow but steady comeback. Factory output is increasing on rebounding demand, driving manufacturing activity at U.S. factories.
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b3fdb97a-03b3-4a4a-afdb-637daeeaa019
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720284.0
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2023-10-16 00:00:00 UTC
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Noteworthy Monday Option Activity: FSLR, DE, SEDG
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DE
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-fslr-de-sedg
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in First Solar Inc (Symbol: FSLR), where a total of 8,692 contracts have traded so far, representing approximately 869,200 underlying shares. That amounts to about 44.4% of FSLR's average daily trading volume over the past month of 2.0 million shares. Particularly high volume was seen for the $300 strike put option expiring December 15, 2023, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $300 strike highlighted in orange:
Deere & Co. (Symbol: DE) saw options trading volume of 6,166 contracts, representing approximately 616,600 underlying shares or approximately 43.3% of DE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $390 strike call option expiring October 20, 2023, with 374 contracts trading so far today, representing approximately 37,400 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange:
And SolarEdge Technologies Inc (Symbol: SEDG) options are showing a volume of 8,104 contracts thus far today. That number of contracts represents approximately 810,400 underlying shares, working out to a sizeable 42% of SEDG's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $100 strike put option expiring October 27, 2023, with 1,712 contracts trading so far today, representing approximately 171,200 underlying shares of SEDG. Below is a chart showing SEDG's trailing twelve month trading history, with the $100 strike highlighted in orange:
For the various different available expirations for FSLR options, DE options, or SEDG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
EUSB YTD Return
LPG shares outstanding history
Top Ten Hedge Funds Holding DDT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $300 strike put option expiring December 15, 2023, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of FSLR. Particularly high volume was seen for the $390 strike call option expiring October 20, 2023, with 374 contracts trading so far today, representing approximately 37,400 underlying shares of DE. Particularly high volume was seen for the $100 strike put option expiring October 27, 2023, with 1,712 contracts trading so far today, representing approximately 171,200 underlying shares of SEDG.
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Below is a chart showing FSLR's trailing twelve month trading history, with the $300 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 6,166 contracts, representing approximately 616,600 underlying shares or approximately 43.3% of DE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $390 strike call option expiring October 20, 2023, with 374 contracts trading so far today, representing approximately 37,400 underlying shares of DE. Particularly high volume was seen for the $100 strike put option expiring October 27, 2023, with 1,712 contracts trading so far today, representing approximately 171,200 underlying shares of SEDG.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in First Solar Inc (Symbol: FSLR), where a total of 8,692 contracts have traded so far, representing approximately 869,200 underlying shares. Below is a chart showing FSLR's trailing twelve month trading history, with the $300 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 6,166 contracts, representing approximately 616,600 underlying shares or approximately 43.3% of DE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $100 strike put option expiring October 27, 2023, with 1,712 contracts trading so far today, representing approximately 171,200 underlying shares of SEDG.
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Particularly high volume was seen for the $300 strike put option expiring December 15, 2023, with 887 contracts trading so far today, representing approximately 88,700 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $300 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 6,166 contracts, representing approximately 616,600 underlying shares or approximately 43.3% of DE's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing SEDG's trailing twelve month trading history, with the $100 strike highlighted in orange: For the various different available expirations for FSLR options, DE options, or SEDG options, visit StockOptionsChannel.com.
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7ca28780-531c-482a-88db-6bb40aef1f2c
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720285.0
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2023-10-16 00:00:00 UTC
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The Zacks Analyst Blog Highlights Adobe, Deere, American Express, Broadcom and Sony
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-adobe-deere-american-express-broadcom-and-sony
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nan
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nan
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For Immediate Release
Chicago, IL – October 16, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Adobe Inc. ADBE, Deere & Co. DE, American Express Co. AXP, Broadcom Inc. AVGO and Sony Group Corp. SONY.
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Adobe, Deere & Co. and AmEx
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc., Deere & Co. and American Express Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Adobe’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+66.3% vs. +39.4%). The company is benefiting from strong demand for its creative products. Adobe’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Rising subscription revenues and solid momentum across the mobile apps are major positives.
Additionally, growth in emerging markets and robust online video creation demand remain tailwinds. Solid demand for Adobe’s commerce offerings and growing adoption of Acrobat. The Zacks analyst remains optimistic about Adobe’s market position, compelling product lines and continued innovation.
However, the ongoing tensions between Russia and Ukraine remain major headwinds for its Digital Media segment. Also, high acquisition expenses do not bode well for its margin expansion.
(You can read the full research report on Adobe here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+8.4% vs. +7.1%). The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
However, inflated material and labor costs are anticipated to impact the company's margins. Supply chain challenges also remain a challenge. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds.
Product launches equipped with the latest technology to automate farming will continue to provide Deere with an edge over its competitors. The company is poised to benefit in the long run from rapid growth in the global population and rising worldwide infrastructure needs.
(You can read the full research report on Deere here >>>)
American Express’ shares have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+12.2% vs. +4.9%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues.
Consumer spending on T&E, which carry higher margins for AmEx, is advancing well. Its balance sheet looks strong with manageable debt. Solid cash-generation abilities enable the pursuit of business investments and prudent deployment of capital.
However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins. Marketing and business development expense is expected to rise. A high debt burden induces a rise in interest expenses. As such, the stock warrants a cautious stance.
(You can read the full research report on American Express here >>>)
Other noteworthy reports we are featuring today include Broadcom Inc. and Sony Group Corp.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Express Company (AXP) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
Sony Corporation (SONY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other noteworthy reports we are featuring today include Broadcom Inc. and Sony Group Corp. Why Haven’t You Looked at Zacks' Top Stocks? This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Stocks recently featured in the blog include: Adobe Inc. ADBE, Deere & Co. DE, American Express Co. AXP, Broadcom Inc. AVGO and Sony Group Corp. SONY.
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Stocks recently featured in the blog include: Adobe Inc. ADBE, Deere & Co. DE, American Express Co. AXP, Broadcom Inc. AVGO and Sony Group Corp. SONY. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc., Deere & Co. and American Express Co. Click to get this free report American Express Company (AXP) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Adobe, Deere & Co. and AmEx The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc., Deere & Co. and American Express Co. Click to get this free report American Express Company (AXP) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company is benefiting from strong demand for its creative products. Stocks recently featured in the blog include: Adobe Inc. ADBE, Deere & Co. DE, American Express Co. AXP, Broadcom Inc. AVGO and Sony Group Corp. SONY. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Adobe, Deere & Co. and AmEx The Zacks Research Daily presents the best research output of our analyst team.
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720286.0
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2023-10-15 00:00:00 UTC
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My Top 16 Stocks to Buy Now
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DE
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https://www.nasdaq.com/articles/my-top-16-stocks-to-buy-now
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Fool.com contributor Parkev Tatevosian provides his much-anticipated update to the list of his top stocks to buy.
*Stock prices used were the afternoon prices of Oct. 12, 2023. The video was published on Oct. 13, 2023.
Find out why Airbnb is one of the 10 best stocks to buy now
Our analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. Airbnb is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of October 13, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in 3M, Alphabet, Mastercard, PayPal, and Visa. The Motley Fool has positions in and recommends Airbnb, Alphabet, Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, Starbucks, StoneCo, Target, and Visa. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, short December 2023 $67.50 puts on PayPal, short January 2025 $380 calls on Mastercard, and short October 2023 $52.50 calls on eBay. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Find out why Airbnb is one of the 10 best stocks to buy now Our analyst team has spent more than a decade beating the market. The Motley Fool has positions in and recommends Airbnb, Alphabet, Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, Starbucks, StoneCo, Target, and Visa. Fool.com contributor Parkev Tatevosian provides his much-anticipated update to the list of his top stocks to buy.
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The Motley Fool has positions in and recommends Airbnb, Alphabet, Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, Starbucks, StoneCo, Target, and Visa. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, short December 2023 $67.50 puts on PayPal, short January 2025 $380 calls on Mastercard, and short October 2023 $52.50 calls on eBay. Fool.com contributor Parkev Tatevosian provides his much-anticipated update to the list of his top stocks to buy.
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The Motley Fool has positions in and recommends Airbnb, Alphabet, Booking Holdings, DocuSign, Etsy, Fiverr International, Home Depot, Mastercard, PayPal, Six Flags Entertainment, Starbucks, StoneCo, Target, and Visa. The Motley Fool recommends 3M, Deere, and eBay and recommends the following options: long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, short December 2023 $67.50 puts on PayPal, short January 2025 $380 calls on Mastercard, and short October 2023 $52.50 calls on eBay. Fool.com contributor Parkev Tatevosian provides his much-anticipated update to the list of his top stocks to buy.
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Fool.com contributor Parkev Tatevosian provides his much-anticipated update to the list of his top stocks to buy. Find out why Airbnb is one of the 10 best stocks to buy now Our analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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fc2b3b2a-2082-4bac-86ec-e057e1041a53
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720287.0
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2023-10-13 00:00:00 UTC
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Deere (DE) Stock Moves -0.42%: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-stock-moves-0.42%3A-what-you-should-know
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Deere (DE) closed the latest trading day at $380.66, indicating a -0.42% change from the previous session's end. This move was narrower than the S&P 500's daily loss of 0.5%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 1.23%.
The agricultural equipment manufacturer's shares have seen a decrease of 7.14% over the last month, not keeping up with the Industrial Products sector's loss of 2% and the S&P 500's loss of 2.4%.
Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $7.58, marking a 1.88% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.82 billion, indicating a 3.69% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.91 per share and revenue of $56.03 billion. These totals would mark changes of +45.66% and +16.93%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. Deere is currently a Zacks Rank #2 (Buy).
In the context of valuation, Deere is at present trading with a Forward P/E ratio of 11.27. This represents a discount compared to its industry's average Forward P/E of 11.82.
One should further note that DE currently holds a PEG ratio of 0.93. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Manufacturing - Farm Equipment was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. Deere (DE) closed the latest trading day at $380.66, indicating a -0.42% change from the previous session's end.
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Deere (DE) closed the latest trading day at $380.66, indicating a -0.42% change from the previous session's end. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 1.23%.
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Deere (DE) closed the latest trading day at $380.66, indicating a -0.42% change from the previous session's end. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 1.23%. The agricultural equipment manufacturer's shares have seen a decrease of 7.14% over the last month, not keeping up with the Industrial Products sector's loss of 2% and the S&P 500's loss of 2.4%.
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Deere (DE) closed the latest trading day at $380.66, indicating a -0.42% change from the previous session's end. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 1.23%. The agricultural equipment manufacturer's shares have seen a decrease of 7.14% over the last month, not keeping up with the Industrial Products sector's loss of 2% and the S&P 500's loss of 2.4%.
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a54bf422-f13b-4228-a4b9-eb25dd911528
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720288.0
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2023-10-13 00:00:00 UTC
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Top Stock Reports for Adobe, Deere & American Express
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https://www.nasdaq.com/articles/top-stock-reports-for-adobe-deere-american-express
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Friday, October 13, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), Deere & Co. (DE) and American Express Co. (AXP). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Adobe’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+66.3% vs. +39.4%). The company is benefiting from strong demand for its creative products. Adobe’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Rising subscription revenues and solid momentum across the mobile apps are major positives.
Additionally, growth in emerging markets and robust online video creation demand remain tailwinds. Solid demand for Adobe’s commerce offerings and growing adoption of Acrobat. The Zacks analyst remains optimistic about Adobe’s market position, compelling product lines and continued innovation.
However, the ongoing tensions between Russia and Ukraine remain major headwinds for its Digital Media segment. Also, high acquisition expenses do not bode well for its margin expansion.
(You can read the full research report on Adobe here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+8.4% vs. +7.1%). The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
However, inflated material and labor costs are anticipated to impact the company's margins. Supply chain challenges also remain a challenge. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds.
Product launches equipped with the latest technology to automate farming will continue to provide Deere with an edge over its competitors. The company is poised to benefit in the long run from rapid growth in the global population and rising worldwide infrastructure needs.
(You can read the full research report on Deere here >>>)
American Express’ shares have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+12.2% vs. +4.9%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues.
Consumer spending on T&E, which carry higher margins for AmEx, is advancing well. Its balance sheet looks strong with manageable debt. Solid cash-generation abilities enable the pursuit of business investments and prudent deployment of capital.
However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins. Marketing and business development expense is expected to rise. A high debt burden induces a rise in interest expenses. As such, the stock warrants a cautious stance.
(You can read the full research report on American Express here >>>)
Other noteworthy reports we are featuring today include Broadcom Inc. (AVGO), Sony Group Corp. (SONY) and Exelon Corp. (EXC).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Adobe (ADBE) Rides on Growing Adoption of Cloud Applications
Deere (DE) Gains from Strong Demand Amid Elevated Costs
Improving Volumes Aid American Express (AXP), High Costs Hurt
Featured Reports
Strong Demand for Networking Products Aids Broadcom (AVGO)
Per the Zacks analyst, Broadcom is riding on robust demand for networking solutions. Strong adoption of next-gen merchant switching and routing solutions is driving top-line growth.
SONY Benefits From Improving Music & G&NS Segment Sales
Per the Zacks analyst, Sony is gaining from strong performance of its Music and G&NS segments. However, stiff competition and weak global macroeconomic conditions remain major concerns.
Regulated Investment and Debt Management Aid Exelon (EXC)
Per the Zacks analyst, Exelon's planned $31.3B investment to strengthen transmission and distribution lines and efficient management of outstanding debt are going to boost its performance.
Strategic Buyouts, Solid Balance Sheet Aids Extra Space (EXR)
Per the Zacks Analyst, Extra Space Storage is poised to gain from its high brand value, healthy demand and strategic acquisitions. Yet, a development boom in many markets might intensify competition.
Cardinal Health's (CAH) Diverse Products Gives Competitive Edge
Per the Zacks analyst, Cardinal Health's diversified portfolio represents long-term opportunities. Its products provide the company with a competitive edge in the niche space with fierce competition.
Amvuttra & Givlaari Sales Boost Alnylam (ALNY), Setbacks A Woe
Per the Zacks Analyst, Amvuttra and Givlaari sales are expected to continue to boost Alnylam's revenues. However, the recent regulatory setback in the label expansion of Onpattro has hurt the stock.
SYNNEX (SNX) Benefits From Rising Hybrid Working Tool Demand
Per the Zacks Analyst, TD SYNNEX is benefiting from the growing hybrid working trend which is driving demand for offsite-working and learning hardware and software.
New Upgrades
Low Breakeven Costs to Aid Marathon Oil's (MRO) Cash Flows
The Zacks analyst believes that Marathon's extremely low oil price breakeven costs of just $35 a barrel should generate meaningful free cash flows and improve future profitability.
Gentex (GNTX) Rides High on FDM Unit Volumes & HomeLink
Per the Zacks analyst, Gentex is poised to benefit from an increase in full mirror display (FDM) unit volumes in 2023. The need for connectivity to homes is likely to fuel the demand for Homelink.
Twisted Tea Brand to Shape Boston Beer's (SAM) Growth
Per the Zacks analyst, Boston Beer's Twisted Tea brand has been gaining from its growing brand awareness and household penetration. SAM expects the brand to witness strong double-digit growth in 2023.
New Downgrades
Canadian National (CNI) Grapples With Supply Chain Challenges
The Zacks analyst is worried about the fact that supply chain disruptions, network fluidity challenges and weak intermodal scenario are hurting the company's performance.
Hormel Foods' (HRL) Remains Troubled by International Unit
Per the Zacks analyst, Hormel Foods is hurt by softness in the International Unit. During fiscal third-quarter, International sales fell 6% year over year on reduced export and lower results in China.
Soft Market Making Segment Hurts Virtu Financial (VIRT)
Per the Zacks Analyst, lower market volatility resulting in lower volumes in the market making segment continues to impact Virtu Financial's top line. Falling free cash flows are also concerning.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exelon Corporation (EXC) : Free Stock Analysis Report
American Express Company (AXP) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
Sony Corporation (SONY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Adobe (ADBE) Rides on Growing Adoption of Cloud Applications Deere (DE) Gains from Strong Demand Amid Elevated Costs Improving Volumes Aid American Express (AXP), High Costs Hurt Featured Reports Strong Demand for Networking Products Aids Broadcom (AVGO) Per the Zacks analyst, Broadcom is riding on robust demand for networking solutions. New Upgrades Low Breakeven Costs to Aid Marathon Oil's (MRO) Cash Flows The Zacks analyst believes that Marathon's extremely low oil price breakeven costs of just $35 a barrel should generate meaningful free cash flows and improve future profitability.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Adobe (ADBE) Rides on Growing Adoption of Cloud Applications Deere (DE) Gains from Strong Demand Amid Elevated Costs Improving Volumes Aid American Express (AXP), High Costs Hurt Featured Reports Strong Demand for Networking Products Aids Broadcom (AVGO) Per the Zacks analyst, Broadcom is riding on robust demand for networking solutions. Click to get this free report Exelon Corporation (EXC) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report To read this article on Zacks.com click here. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), Deere & Co. (DE) and American Express Co. (AXP).
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Adobe (ADBE) Rides on Growing Adoption of Cloud Applications Deere (DE) Gains from Strong Demand Amid Elevated Costs Improving Volumes Aid American Express (AXP), High Costs Hurt Featured Reports Strong Demand for Networking Products Aids Broadcom (AVGO) Per the Zacks analyst, Broadcom is riding on robust demand for networking solutions. Click to get this free report Exelon Corporation (EXC) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report To read this article on Zacks.com click here. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), Deere & Co. (DE) and American Express Co. (AXP).
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The company is benefiting from strong demand for its creative products. Also, high acquisition expenses do not bode well for its margin expansion. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Adobe (ADBE) Rides on Growing Adoption of Cloud Applications Deere (DE) Gains from Strong Demand Amid Elevated Costs Improving Volumes Aid American Express (AXP), High Costs Hurt Featured Reports Strong Demand for Networking Products Aids Broadcom (AVGO) Per the Zacks analyst, Broadcom is riding on robust demand for networking solutions.
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720289.0
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2023-10-12 00:00:00 UTC
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Deere (DE) Declines More Than Market: Some Information for Investors
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DE
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https://www.nasdaq.com/articles/deere-de-declines-more-than-market%3A-some-information-for-investors
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Deere (DE) closed the most recent trading day at $382.28, moving -1.82% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.63%. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq lost 0.63%.
The the stock of agricultural equipment manufacturer has fallen by 3.2% in the past month, lagging the Industrial Products sector's loss of 1.28% and the S&P 500's loss of 2.35%.
Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%. In the meantime, our current consensus estimate forecasts the revenue to be $13.82 billion, indicating a 3.69% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.91 per share and revenue of $56.03 billion. These totals would mark changes of +45.66% and +16.93%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Deere is currently a Zacks Rank #2 (Buy).
Looking at valuation, Deere is presently trading at a Forward P/E ratio of 11.48. This valuation marks a discount compared to its industry's average Forward P/E of 12.02.
We can additionally observe that DE currently boasts a PEG ratio of 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Manufacturing - Farm Equipment industry had an average PEG ratio of 1 as trading concluded yesterday.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DE in the coming trading sessions, be sure to utilize Zacks.com.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. In the meantime, our current consensus estimate forecasts the revenue to be $13.82 billion, indicating a 3.69% decline compared to the corresponding quarter of the prior year. Deere (DE) closed the most recent trading day at $382.28, moving -1.82% from the previous trading session.
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Deere (DE) closed the most recent trading day at $382.28, moving -1.82% from the previous trading session. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere (DE) closed the most recent trading day at $382.28, moving -1.82% from the previous trading session. Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%.
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Deere (DE) closed the most recent trading day at $382.28, moving -1.82% from the previous trading session. The Manufacturing - Farm Equipment industry had an average PEG ratio of 1 as trading concluded yesterday. Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure.
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d34a8c33-cab8-4c52-ac80-166bcaf18ada
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720290.0
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2023-10-12 00:00:00 UTC
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DE December 1st Options Begin Trading
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DE
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https://www.nasdaq.com/articles/de-december-1st-options-begin-trading
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the December 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new December 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $380.00 strike price has a current bid of $12.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $380.00, but will also collect the premium, putting the cost basis of the shares at $367.60 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $382.80/share today.
Because the $380.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.26% return on the cash commitment, or 23.80% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $380.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $385.00 strike price has a current bid of $14.30. If an investor was to purchase shares of DE stock at the current price level of $382.80/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $385.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.31% if the stock gets called away at the December 1st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red:
Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.74% boost of extra return to the investor, or 27.25% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $382.80) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Institutional Holders of FITP
Institutional Holders of VVI
MBWM Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the December 1st expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the December 1st expiration.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $380.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $385.00 strike price has a current bid of $14.30. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new December 1st contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the December 1st expiration.
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2023-10-11 00:00:00 UTC
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Stock Market News for Oct 11, 2023
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https://www.nasdaq.com/articles/stock-market-news-for-oct-11-2023
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U.S. stocks ended higher on Tuesday as Treasury yields fell and dovish comments from Fed officials raised optimism among investors that the central bank may be done with its monetary tightening campaign. All the three major indexes ended in positive territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) gained 0.4% or 134.65 points to close at 33,739.30 points.
The S&P 500 rose 0.5% or 22.58 points, to end at 4,358.24 points. Utilities, consumer discretionary and consumer staples stocks were the biggest gainers.
The Utilities Select Sector SPDR (XLU) gained 1.4%, while the Consumer Discretionary Select Sector SPDR (XLI) rose 1.1%. The Consumer Staples Select Sector SPDR (XLP) rose 1%. All the 11 sectors of the benchmark index ended in positive territory.
The tech-heavy Nasdaq jumped 0.6% or 78.60 points to finish at 13,562.84 points.
The fear-gauge CBOE Volatility Index (VIX) was down 3.79% to 17.03. A total of 9.91 billion shares were traded on Tuesday, lower than the last 20-session average of 10.70 billion. Advancers outnumbered decliners on the NYSE by a 3.08-to-1 ratio. On the Nasdaq, a 2.12-to-1 ratio favored advancing issues.
Treasury Yields Fall, Rate Hikes Fears Wane
Stocks rallied for the third straight session on Tuesday as investors brushed off the recent worries arising from the ongoing violence in the Middle East and digested fresh comments from Federal Reserve officials.
Dovish comments from Fed officials suggested that the recent tightening of credit conditions might make the central bank decide not to go for another interest rate hike. Raphael Bostic, president of the Atlanta Fed, said that he doesn’t feel more interest rate hikes are at all required.
On Tuesday, Neel Kashkari, Minneapolis Federal Reserve President, said that the recent spike in Treasury yields is quite confusing. The comments from the Fed officials over the past two days eco the sentiments of Fed Vice Chair Philip Jefferson, who said on Monday that following the recent jump in long-term Treasury yields, the Fed could proceed carefully.
The dovish outlook from the Fed officials gave investors’ confidence a boost as optimism is high that the Fed might not raise interest rates in its November FOMC meeting. Investors on Tuesday were pricing an 86% chance that the central bank will keep its federal policy rate unchanged in its November meeting.
Also, the benchmark the 10-year Treasury yield, which did not trade on Monday due to Columbus Day, fell 13 basis points on Tuesday to settle at 4.654% as investors went for safe assets amid the ongoing Hamas-Israel conflict.
Energy prices eased on Tuesday but several prominent names continued to register gains. Shares of Enphase Energy, Inc. (ENPH) jumped 5%. Also, industrial stocks gained. Shares of Caterpillar Inc. (CAT) rose 0.7%, while Deere & Company (DE) jumped 2.1%. Caterpillar carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Economic Data
In economic data released on Tuesday, wholesale inventories fell 0.1% in August, recording the sixth straight month of decline. However, it came in line with economists’ expectations.
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Caterpillar Inc. (CAT) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.S. stocks ended higher on Tuesday as Treasury yields fell and dovish comments from Fed officials raised optimism among investors that the central bank may be done with its monetary tightening campaign. Treasury Yields Fall, Rate Hikes Fears Wane Stocks rallied for the third straight session on Tuesday as investors brushed off the recent worries arising from the ongoing violence in the Middle East and digested fresh comments from Federal Reserve officials. Also, the benchmark the 10-year Treasury yield, which did not trade on Monday due to Columbus Day, fell 13 basis points on Tuesday to settle at 4.654% as investors went for safe assets amid the ongoing Hamas-Israel conflict.
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U.S. stocks ended higher on Tuesday as Treasury yields fell and dovish comments from Fed officials raised optimism among investors that the central bank may be done with its monetary tightening campaign. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here. All the three major indexes ended in positive territory.
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U.S. stocks ended higher on Tuesday as Treasury yields fell and dovish comments from Fed officials raised optimism among investors that the central bank may be done with its monetary tightening campaign. Treasury Yields Fall, Rate Hikes Fears Wane Stocks rallied for the third straight session on Tuesday as investors brushed off the recent worries arising from the ongoing violence in the Middle East and digested fresh comments from Federal Reserve officials. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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All the 11 sectors of the benchmark index ended in positive territory. U.S. stocks ended higher on Tuesday as Treasury yields fell and dovish comments from Fed officials raised optimism among investors that the central bank may be done with its monetary tightening campaign. All the three major indexes ended in positive territory.
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2023-10-10 00:00:00 UTC
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Which Is A Better Pick – Honeywell Stock Or Travelers?
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https://www.nasdaq.com/articles/which-is-a-better-pick-honeywell-stock-or-travelers
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Given its better prospects, we believe the insurance giant Travelers stock (NYSE: TRV) is a better pick than Honeywell stock (NYSE: HON). Although these companies are from different sectors, we compare them because they have a similar revenue base of $35 billion to $38 billion. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style. The size of profits can matter, as larger profits can imply greater market power. Since these stocks are from different sectors, comparing P/S against one another may not be helpful. We compare their current multiples with the historical ones in the sections below to better gauge their valuations.
Interestingly, HON and TRV have had a Sharpe Ratio of 0.3 since early 2017, lower than 0.5 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.2 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
Looking at stock returns, both have underperformed vis-à-vis broader markets amid rising concerns over slowing economic growth. While HON is down 16% this year, TRV is down 13%, and the S&P500 index is up 11%. There is more to the comparison, and in the sections below, we discuss why we believe that TRV will outperform HON in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Honeywell vs. Travelers: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Travelers’ Revenue Growth Is Better
Travelers’ revenue growth has been better, with a 5.4% average annual growth rate in the last three years, compared to -0.9% for Honeywell.
With airlines being one of the worst-hit sectors during the pandemic, Honeywell’s aerospace revenues were weighed down during the pandemic.
While this trend has reversed and Honeywell is seeing a steady rise in sales for most of its businesses – aerospace, building technologies, and the performance materials business – lower demand for personal protective equipment weighs on its safety & productivity solutions segment sales.
Travelers has seen higher revenues in each of the three insurance segments – business insurance, bond & specialty insurance, and personal insurance.
Improved pricing and higher retention have bolstered the company’s premium income in the recent past.
If we look at the last twelve-month period revenues, Travelers has fared better with 8.3% sales growth, while Honeywell saw its revenue rise by 4.9%.
Our Honeywell Revenue Comparison and Travelers Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, we expect revenue for Travelers to grow faster than Honeywell in the next three years.
2. Honeywell Is More Profitable
Honeywell’s operating margin has slid slightly from 18.7% in 2019 to 18.1% in 2022, while Travelers’ operating margin declined from 11.0% to 10.0% over this period.
Looking at the last twelve-month period, Honeywell’s operating margin of 19.7% fares better than 7.1% for Travelers.
Our Honeywell Operating Income Comparison and Travelers Operating Income Comparison dashboards have more details.
Looking at financial risk, both are comparable. Honeywell’s 18% debt as a percentage of equity is lower than 21% for Travelers, but its 14% cash as a percentage of assets is lower than 61% for the latter, implying that Honeywell has a better debt position, but Travelers has more cash cushion.
3. The Net of It All
We see that Travelers has demonstrated better revenue growth and has more cash cushion. On the other hand, Honeywell is more profitable and has a better debt position.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Travelers is a better pick for the next three years.
The table below summarizes our revenue and return expectations for both companies and points to an expected return of 10% for TRV vs. a 4% expected return for HON over the next three years, based on Trefis Machine Learning analysis – Honeywell vs. Travelers – which also provides more details on how we arrive at these numbers.
Honeywell’s stock trades at 3.3x revenues, vs. its last five-year average of 3.4x, and Travelers stock trades at 1.0x revenues, compared to its last five-year average of 1.2x
Our Honeywell (HON) Valuation Ratios Comparison and Travelers (TRV) Valuation Ratios Comparison have more details.
While TRV may outperform HON in the next three years, it is helpful to see how Honeywell’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Oct 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HON Return -3% -16% 62%
TRV Return 0% -13% 34%
S&P 500 Return -1% 11% 90%
Trefis Reinforced Value Portfolio -3% 19% 513%
[1] Month-to-date and year-to-date as of 10/6/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at stock returns, both have underperformed vis-à-vis broader markets amid rising concerns over slowing economic growth. Honeywell’s stock trades at 3.3x revenues, vs. its last five-year average of 3.4x, and Travelers stock trades at 1.0x revenues, compared to its last five-year average of 1.2x Our Honeywell (HON) Valuation Ratios Comparison and Travelers (TRV) Valuation Ratios Comparison have more details. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style.
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Our Honeywell Revenue Comparison and Travelers Revenue Comparison dashboards provide more insight into the companies’ sales. Our Honeywell Operating Income Comparison and Travelers Operating Income Comparison dashboards have more details. Honeywell’s stock trades at 3.3x revenues, vs. its last five-year average of 3.4x, and Travelers stock trades at 1.0x revenues, compared to its last five-year average of 1.2x Our Honeywell (HON) Valuation Ratios Comparison and Travelers (TRV) Valuation Ratios Comparison have more details.
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The table below summarizes our revenue and return expectations for both companies and points to an expected return of 10% for TRV vs. a 4% expected return for HON over the next three years, based on Trefis Machine Learning analysis – Honeywell vs. Travelers – which also provides more details on how we arrive at these numbers. Honeywell’s stock trades at 3.3x revenues, vs. its last five-year average of 3.4x, and Travelers stock trades at 1.0x revenues, compared to its last five-year average of 1.2x Our Honeywell (HON) Valuation Ratios Comparison and Travelers (TRV) Valuation Ratios Comparison have more details. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style.
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The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style. Interestingly, HON and TRV have had a Sharpe Ratio of 0.3 since early 2017, lower than 0.5 for the S&P 500 Index over the same period. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
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2023-10-10 00:00:00 UTC
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3 Stocks That Can Help Build Generational Wealth for Patient Investors
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https://www.nasdaq.com/articles/3-stocks-that-can-help-build-generational-wealth-for-patient-investors
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Many folks are lured into the stock market by tales of getting rich quick through explosive growth stocks. But there's a far simpler, less stressful way of building generational wealth that also helps you rest easy at night. And that method is through investing in quality companies that have a track record of rewarding shareholders and, more importantly, have a long runway for future growth.
Here's why Apple (NASDAQ: AAPL), Deere (NYSE: DE), and Starbucks (NASDAQ: SBUX) stand out as three top blue-chip stocks worth considering now.
Image source: Getty Images.
Slowing iPhone growth won't derail Apple
Apple is experiencing something that investors aren't used to -- slowing growth. Its revenue and net income are flatlining. There are a few factors at play. Some are macroeconomic, like declining consumer discretionary spending and higher financing costs, which pressure consumers to spend within their means and delay big-ticket purchases.
AAPL Revenue (TTM) data by YCharts
Another headwind is that a lot of Apple's sales were pulled forward during the worst of the COVID-19 pandemic as consumers turned to goods purchases since service options were hindered.
Another fear is that incremental improvements in product performance won't be able to justify price hikes. iPhone sales are slightly declining. And Apple may not be able to raise prices as easily as it had in the past given a variety of competing products and a cost-conscious consumer.
The good news is that Apple's services segment has grown to become a high-margin cash cow. Last quarter, services revenue reached an all-time high. And for the nine months ended July 1, services contributed over a third of Apple's gross profit.
Apple also used buybacks to its advantage. It has reduced its outstanding share count by 37.4% over the last decade, which has artificially boosted earnings per share, making Apple stock a better value.
AAPL Shares Outstanding data by YCharts
All told, Apple has plenty of cash to keep investing throughout market cycles. And it can lean on its services segment and earnings-per-share growth from buybacks even if iPhone demand continues to stall. Apple has been a millionaire-maker stock. And there's every reason to believe it should remain a reliable investment going forward.
Deere: Poised to benefit from an agricultural revolution
Shares of Deere are down over 10% in the past month. But despite the sell-off, Deere is still crushing the performance of the S&P 500 over the past three-year, five-year, and 10-year time frames. After back-to-back guidance increases, Deere is on track to post record earnings in fiscal 2023. The growth has been incredible as Deere has benefited from increased spending from customers across its core markets. It has also demonstrated pricing power, which has helped combat inflation. And finally, the overall agriculture industry has been in a growth cycle.
To illustrate the sheer scale of Deere's growth, consider that fiscal 2023 full-year profits are expected to come in between $9.75 billion and $10 billion compared to just $2.8 billion in fiscal 2020. But the stock market is always forward-looking. And the fear is that future growth will certainly stall or even be negative, given that Deere operates in a highly cyclical industry that just underwent a period of expansion.
However, Deere deserves credit for accurately forecasting customer demand and making product improvements that customers want. It is also entering fiscal 2024 with a healthy amount of inventory, so it won't be hung out to dry if demand slows faster than expected.
If we zoom out and focus on the big picture, there's every reason to believe that Deere has what it takes to continue compounding returns for investors. Like Apple, the company pays a rather small dividend and prefers to return value to shareholders through buybacks.
Deere also has plenty of long-term growth outlets. Deere is betting big on the growing importance of automation and artificial intelligence in the agriculture and construction industries. A few strong years of outsized returns have given Deere extra dry powder to fund these opportunities.
Even if earnings come down, Deere will still be a reasonably priced stock. But the best way to view Deere is through the lens of its long-term investment thesis, which centers around a strong and established brand, effective execution, and an attractive and growing product mix that increasingly relies on software. Investors who believe in the growing importance of technology in the industrial sector should take a closer look at Deere stock.
Starbucks and the era of fast coffee
Starbucks has spent the last decade or so transitioning from a top growth stock to a reliable dividend stock. As evidenced by its buybacks, Starbucks is directly returning value to shareholders and has plenty of extra cash to repurchase shares.
However, one of the more underappreciated aspects of Starbucks stock is its dividend. Starbucks just raised its dividend to a record high. The dividend has more than doubled in the last six years.
Starbucks' dividend growth is outpacing the growth in its stock price, which has allowed the forward dividend yield to increase to 2.5%. It's not a high-yield dividend stock by any means. But Starbucks' steady growth, paired with its commitment to its dividend, opens the door to a reliable passive income stream that could last a lifetime.
Unlike Apple and Deere, which are facing periods of slowing growth, Starbucks has exited a pandemic-induced downturn in its business and is firing on all cylinders. Starbucks Rewards member additions during the pandemic have proven sticky, and Starbucks continues to grow its rewards program and its mobile ordering at a torrid rate.
Starbucks helped pioneer the cozy coffee house/internet café business model in the U.S. However, the future of Starbucks will likely look far different. Starbucks is no longer the only game in town. It has to compete with a swath of cool coffee shops, many of which arguably do a better job with ambiance than your typical Starbucks. But Starbucks can gain an edge over the competition through convenience, customization, and speed. The rewards program and mobile pickup feed into Starbucks' strengths.
This new chapter for Starbucks will likely result in more small stores focused exclusively on mobile ordering. And we've already seen a heightened focus on drive-thrus to boost order volumes. In sum, Starbucks has a massive opportunity ahead of it that should drive earnings growth, and in turn, a rewarding dividend.
Roadmaps for future growth
Apple, Deere, and Starbucks are in completely different industries. But all three companies have executed sizable stock repurchase programs. They also each represent a leading brand in their respective industries. Each company also has a well-defined path toward future growth -- which is essential for supporting future buybacks and dividend raises.
All told, these are three quality companies that are worth owning for many years to come.
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Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Starbucks. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAPL Revenue (TTM) data by YCharts Another headwind is that a lot of Apple's sales were pulled forward during the worst of the COVID-19 pandemic as consumers turned to goods purchases since service options were hindered. But the best way to view Deere is through the lens of its long-term investment thesis, which centers around a strong and established brand, effective execution, and an attractive and growing product mix that increasingly relies on software. Unlike Apple and Deere, which are facing periods of slowing growth, Starbucks has exited a pandemic-induced downturn in its business and is firing on all cylinders.
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Slowing iPhone growth won't derail Apple Apple is experiencing something that investors aren't used to -- slowing growth. It has reduced its outstanding share count by 37.4% over the last decade, which has artificially boosted earnings per share, making Apple stock a better value. And that method is through investing in quality companies that have a track record of rewarding shareholders and, more importantly, have a long runway for future growth.
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Starbucks and the era of fast coffee Starbucks has spent the last decade or so transitioning from a top growth stock to a reliable dividend stock. Starbucks' dividend growth is outpacing the growth in its stock price, which has allowed the forward dividend yield to increase to 2.5%. Roadmaps for future growth Apple, Deere, and Starbucks are in completely different industries.
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Deere: Poised to benefit from an agricultural revolution Shares of Deere are down over 10% in the past month. Even if earnings come down, Deere will still be a reasonably priced stock. Starbucks and the era of fast coffee Starbucks has spent the last decade or so transitioning from a top growth stock to a reliable dividend stock.
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2023-10-06 00:00:00 UTC
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Deere (DE) Increases Yet Falls Behind Market: What Investors Need to Know
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DE
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https://www.nasdaq.com/articles/deere-de-increases-yet-falls-behind-market%3A-what-investors-need-to-know
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The latest trading session saw Deere (DE) ending at $378.54, denoting a +0.76% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.87%, and the technology-centric Nasdaq increased by 1.6%.
Coming into today, shares of the agricultural equipment manufacturer had lost 8.75% in the past month. In that same time, the Industrial Products sector lost 6.49%, while the S&P 500 lost 5.17%.
The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. The company's upcoming EPS is projected at $7.58, signifying a 1.88% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.82 billion, down 3.69% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $33.91 per share and revenue of $56.03 billion, which would represent changes of +45.66% and +16.93%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Deere. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.46% increase. Currently, Deere is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Deere is presently trading at a Forward P/E ratio of 11.08. This expresses a discount compared to the average Forward P/E of 11.75 of its industry.
Also, we should mention that DE has a PEG ratio of 0.85. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Manufacturing - Farm Equipment stocks are, on average, holding a PEG ratio of 0.95 based on yesterday's closing prices.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. The latest trading session saw Deere (DE) ending at $378.54, denoting a +0.76% adjustment from its last day's close.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The latest trading session saw Deere (DE) ending at $378.54, denoting a +0.76% adjustment from its last day's close. The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report.
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The latest trading session saw Deere (DE) ending at $378.54, denoting a +0.76% adjustment from its last day's close. The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. Investors might also notice recent changes to analyst estimates for Deere.
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The latest trading session saw Deere (DE) ending at $378.54, denoting a +0.76% adjustment from its last day's close. The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. Investors might also notice recent changes to analyst estimates for Deere.
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cc52f60b-2dd3-4cd1-bde2-b338150f5873
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720295.0
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2023-10-06 00:00:00 UTC
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Here's Why Deere (DE) is a Strong Value Stock
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DE
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https://www.nasdaq.com/articles/heres-why-deere-de-is-a-strong-value-stock-1
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Deere (DE)
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 71st-largest company in the S&P 500 Index with a market capitalization of around $121 billion. It has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors. Deere is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology, in an effort to make farming automated, easier and more precise across the production process.
DE is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 11.08; value investors should take notice.
12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $2.05 to $33.91 per share. DE boasts an average earnings surprise of 15.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, DE should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style Scores as well.
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16f71161-624c-4aea-bc31-a5c714f72daf
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720296.0
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2023-10-05 00:00:00 UTC
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Deere (DE) Falls More Steeply Than Broader Market: What Investors Need to Know
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DE
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https://www.nasdaq.com/articles/deere-de-falls-more-steeply-than-broader-market%3A-what-investors-need-to-know
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nan
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nan
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Deere (DE) closed at $375.69 in the latest trading session, marking a -0.35% move from the prior day. This change lagged the S&P 500's 0.13% loss on the day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Shares of the agricultural equipment manufacturer witnessed a loss of 9% over the previous month, trailing the performance of the Industrial Products sector with its loss of 7.73% and the S&P 500's loss of 5.53%.
The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. The company's upcoming EPS is projected at $7.58, signifying a 1.88% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $13.82 billion, indicating a 3.69% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $33.91 per share and a revenue of $56.03 billion, demonstrating changes of +45.66% and +16.93%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Deere. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.46% upward. At present, Deere boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 11.12 right now. For comparison, its industry has an average Forward P/E of 11.65, which means Deere is trading at a discount to the group.
Meanwhile, DE's PEG ratio is currently 0.85. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. DE's industry had an average PEG ratio of 0.95 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 61, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alongside, our most recent consensus estimate is anticipating revenue of $13.82 billion, indicating a 3.69% downward movement from the same quarter last year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.
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For the full year, the Zacks Consensus Estimates project earnings of $33.91 per share and a revenue of $56.03 billion, demonstrating changes of +45.66% and +16.93%, respectively, from the preceding year. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed at $375.69 in the latest trading session, marking a -0.35% move from the prior day.
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Deere (DE) closed at $375.69 in the latest trading session, marking a -0.35% move from the prior day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.12%. The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report.
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Deere (DE) closed at $375.69 in the latest trading session, marking a -0.35% move from the prior day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.12%. The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report.
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80a8d318-6997-4569-8fc9-72a354bdd4f6
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720297.0
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2023-10-04 00:00:00 UTC
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iShares Global Industrials ETF Experiences Big Inflow
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DE
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https://www.nasdaq.com/articles/ishares-global-industrials-etf-experiences-big-inflow
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $110.8 million dollar inflow -- that's a 27.8% increase week over week in outstanding units (from 3,600,000 to 4,600,000). Among the largest underlying components of EXI, in trading today United Parcel Service Inc (Symbol: UPS) is off about 0.4%, Deere & Co. (Symbol: DE) is off about 0.6%, and Automatic Data Processing Inc. (Symbol: ADP) is lower by about 0.2%. For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average:
Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $123.6686 as the 52 week high point — that compares with a last trade of $110.66. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Investment Brokerages Dividend Stocks
Institutional Holders of ECL
TRV Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Investment Brokerages Dividend Stocks Institutional Holders of ECL TRV Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of EXI, in trading today United Parcel Service Inc (Symbol: UPS) is off about 0.4%, Deere & Co. (Symbol: DE) is off about 0.6%, and Automatic Data Processing Inc. (Symbol: ADP) is lower by about 0.2%. For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average: Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $123.6686 as the 52 week high point — that compares with a last trade of $110.66. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $110.8 million dollar inflow -- that's a 27.8% increase week over week in outstanding units (from 3,600,000 to 4,600,000).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $110.8 million dollar inflow -- that's a 27.8% increase week over week in outstanding units (from 3,600,000 to 4,600,000). For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average: Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $123.6686 as the 52 week high point — that compares with a last trade of $110.66. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $110.8 million dollar inflow -- that's a 27.8% increase week over week in outstanding units (from 3,600,000 to 4,600,000). For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average: Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $123.6686 as the 52 week high point — that compares with a last trade of $110.66. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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7987aa47-6fbc-4086-b2c9-c1c78b8792d2
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720298.0
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2023-09-29 00:00:00 UTC
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Deere: Buy, Sell, or Hold?
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DE
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https://www.nasdaq.com/articles/deere%3A-buy-sell-or-hold
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nan
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nan
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Deere's (NYSE: DE) stock has had a fantastic run over the last five years (up 151% versus a 48% rise in the S&P 500). Still, a few investment analysts downgraded the stock recently on fears that its agricultural machinery sales were slowing. I thought I'd look at the stock's buy and sell case in light of the downgrades.
The bears' view of Deere
The most robust bear case is that falling crop prices and rising interest rates are pressuring spending on agricultural machinery and will lead to a cyclical high in Deere's fortunes. This argument is based on the traditional cyclicality of Deere's earnings and its sensitivity to farmers' income from crops.
As the chart below shows, Deere's earnings tend to move in the direction of U.S. farmers' income from crops (used as a proxy for global income; the U.S. is Deere's most significant market).
Data sources: U.S. Department of Agriculture (USDA), Capedge.com, Crop receipt forecast for 2023 from the USDA. Deere net income 2023 estimate is the midpoint of company guidance.
Moreover, farmers' income from crops tends to move in the direction of the prices for key crops like corn, soybean, wheat, and cotton.
U.S. Corn Farm Price Received data by YCharts.
That's a concern because all three crop prices are down over the last year. Corn is down 28%, soybean is down 8%, wheat is down 32%, and cotton is down 10%. While it's tough to predict the future direction of commodity prices, the reality is that the dip in prices puts pressure on farmers' income for 2024.
In summary, the bears argue that Deere's revenue and earnings (measured below in terms of earnings before interest, taxation, depreciation, and amortization, or EBITDA) are about to hit a peak, so the lowly-looking enterprise value (market cap plus net debt), or EV, to EBITDA multiple is a value trap.
DE EBITDA (TTM) data by YCharts.
The bulls' view of Deere stock
The glass-half-full view argues that even if the fall in crop prices will put some pressure on spending, Deere is a significantly different business to when it was in, say, 2014, when the company hit a cyclical peak. As such, investors should be more willing to pay a higher valuation.
First, its EBITDA margin profile is much higher than previously, and investors should be willing to pay a premium for a company with higher-quality earnings.
DE EBITDA Margin (TTM) data by YCharts.
Second, and closely connected with the first point, Deere has made great strides in expanding its precision agriculture solutions, and they provide the company with a powerful secular growth driver. Let's put it this way: Even if crop prices and income fall, new smart farming applications can enhance profitability, enabling farmers to buy them.
Third, calling the peak in crop prices is notoriously difficult, and all it will take is a rise in prices over the next six months, and forecasters will be scrambling for the pencils to upgrade farmers' income estimates.
Fourth, Deere is a different company than it was in 2014. Back then, its agriculture and turf operations generated 5.6 times the profit of its construction & forestry operations. That ratio (adding the production and precision agriculture and small agriculture and turf operations and dividing by construction and forestry operations) was 3.1 times in 2022. The change partly reflects the $5.2 billion acquisition of road construction equipment company Wirtgen in 2017.
Moreover, the construction and forestry segment has a long-term growth opportunity from infrastructure spending in the U.S. and globally.
Image source: Getty Images.
A stock to buy?
All told, a balanced viewpoint sees the potential for some near-term disappointment but would favor buying the stock on any significant weakness. That's a rather lengthy way of saying it's not a "buy" right now, but it's worth taking a nibble if the company reports some disappointing news and the stock sells off. The long-term outlook for the company is excellent.
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Second, and closely connected with the first point, Deere has made great strides in expanding its precision agriculture solutions, and they provide the company with a powerful secular growth driver. Deere's (NYSE: DE) stock has had a fantastic run over the last five years (up 151% versus a 48% rise in the S&P 500). Still, a few investment analysts downgraded the stock recently on fears that its agricultural machinery sales were slowing.
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The bears' view of Deere The most robust bear case is that falling crop prices and rising interest rates are pressuring spending on agricultural machinery and will lead to a cyclical high in Deere's fortunes. DE EBITDA Margin (TTM) data by YCharts. Deere's (NYSE: DE) stock has had a fantastic run over the last five years (up 151% versus a 48% rise in the S&P 500).
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The bears' view of Deere The most robust bear case is that falling crop prices and rising interest rates are pressuring spending on agricultural machinery and will lead to a cyclical high in Deere's fortunes. As the chart below shows, Deere's earnings tend to move in the direction of U.S. farmers' income from crops (used as a proxy for global income; the U.S. is Deere's most significant market). The bulls' view of Deere stock The glass-half-full view argues that even if the fall in crop prices will put some pressure on spending, Deere is a significantly different business to when it was in, say, 2014, when the company hit a cyclical peak.
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The bulls' view of Deere stock The glass-half-full view argues that even if the fall in crop prices will put some pressure on spending, Deere is a significantly different business to when it was in, say, 2014, when the company hit a cyclical peak. Deere's (NYSE: DE) stock has had a fantastic run over the last five years (up 151% versus a 48% rise in the S&P 500). Still, a few investment analysts downgraded the stock recently on fears that its agricultural machinery sales were slowing.
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25980c2a-eab4-415a-9481-0314eace8f80
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720299.0
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2023-09-29 00:00:00 UTC
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Deere (DE) Dips More Than Broader Markets: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-dips-more-than-broader-markets%3A-what-you-should-know-4
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nan
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nan
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Deere (DE) closed the most recent trading day at $377.38, moving -1.91% from the previous trading session. This change lagged the S&P 500's daily loss of 0.27%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, added 0.14%.
Heading into today, shares of the agricultural equipment manufacturer had lost 6.38% over the past month, lagging the Industrial Products sector's loss of 2.82% and the S&P 500's loss of 2.86% in that time.
Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%. Meanwhile, our latest consensus estimate is calling for revenue of $13.82 billion, down 3.69% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $33.91 per share and revenue of $56.03 billion, which would represent changes of +45.66% and +16.93%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.96% higher within the past month. Deere is currently a Zacks Rank #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 11.35. This represents a discount compared to its industry's average Forward P/E of 12.23.
Also, we should mention that DE has a PEG ratio of 0.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DE's industry had an average PEG ratio of 0.91 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%. Our system takes these estimate changes into account and delivers a clear, actionable rating model. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed the most recent trading day at $377.38, moving -1.91% from the previous trading session. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, added 0.14%.
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The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Deere (DE) closed the most recent trading day at $377.38, moving -1.91% from the previous trading session. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, added 0.14%.
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Deere (DE) closed the most recent trading day at $377.38, moving -1.91% from the previous trading session. On that day, Deere is projected to report earnings of $7.58 per share, which would represent year-over-year growth of 1.88%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, added 0.14%.
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