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720300.0
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2023-09-29 00:00:00 UTC
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Friday Sector Laggards: Energy, Industrial
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DE
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-energy-industrial
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nan
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nan
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The worst performing sector as of midday Friday is the Energy sector, showing a 2.1% loss. Within the sector, Valero Energy Corp (Symbol: VLO) and Schlumberger Ltd (Symbol: SLB) are two of the day's laggards, showing a loss of 3.8% and 3.8%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 2.2% on the day, and up 9.52% year-to-date. Valero Energy Corp, meanwhile, is up 20.51% year-to-date, and Schlumberger Ltd is up 15.28% year-to-date. Combined, VLO and SLB make up approximately 8.0% of the underlying holdings of XLE.
The next worst performing sector is the Industrial sector, showing a 0.6% loss. Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Deere & Co. (Symbol: DE) are the most notable, showing a loss of 4.9% and 2.1%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.7% in midday trading, and up 4.09% on a year-to-date basis. Norwegian Cruise Line Holdings Ltd, meanwhile, is up 35.83% year-to-date, and Deere & Co., is down 10.37% year-to-date. DE makes up approximately 3.4% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, none of the sectors are up on the day, while seven sectors are down.
SECTOR % CHANGE
Consumer Products -0.0%
Technology & Communications 0.0%
Utilities -0.1%
Materials -0.3%
Services -0.4%
Financial -0.4%
Healthcare -0.5%
Industrial -0.6%
Energy -2.1%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
FELE Options Chain
Top Ten Hedge Funds Holding OWLT
IACB market cap 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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Combined, VLO and SLB make up approximately 8.0% of the underlying holdings of XLE. Consumer Products -0.0% Technology & Communications 0.0% Utilities -0.1% Materials -0.3% Services -0.4% Financial -0.4% Healthcare -0.5% Industrial -0.6% Energy -2.1% 10 ETFs With Stocks That Insiders Are Buying » Also see: FELE Options Chain Top Ten Hedge Funds Holding OWLT IACB market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Deere & Co. (Symbol: DE) are the most notable, showing a loss of 4.9% and 2.1%, respectively.
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Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Deere & Co. (Symbol: DE) are the most notable, showing a loss of 4.9% and 2.1%, respectively. Combined, VLO and SLB make up approximately 8.0% of the underlying holdings of XLE. Norwegian Cruise Line Holdings Ltd, meanwhile, is up 35.83% year-to-date, and Deere & Co., is down 10.37% year-to-date.
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Combined, VLO and SLB make up approximately 8.0% of the underlying holdings of XLE. Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Deere & Co. (Symbol: DE) are the most notable, showing a loss of 4.9% and 2.1%, respectively. Norwegian Cruise Line Holdings Ltd, meanwhile, is up 35.83% year-to-date, and Deere & Co., is down 10.37% year-to-date.
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Combined, VLO and SLB make up approximately 8.0% of the underlying holdings of XLE. Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Deere & Co. (Symbol: DE) are the most notable, showing a loss of 4.9% and 2.1%, respectively. Norwegian Cruise Line Holdings Ltd, meanwhile, is up 35.83% year-to-date, and Deere & Co., is down 10.37% year-to-date.
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85cc4d74-7571-4b6d-9e86-aecd59bba8c7
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720301.0
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2023-09-28 00:00:00 UTC
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Deere (DE) Gains But Lags Market: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-gains-but-lags-market%3A-what-you-should-know-9
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nan
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nan
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Deere (DE) closed at $384.73 in the latest trading session, marking a +0.1% move from the prior day. The stock lagged the S&P 500's daily gain of 0.59%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 0.83%.
Heading into today, shares of the agricultural equipment manufacturer had lost 7% over the past month, lagging the Industrial Products sector's loss of 2.72% and the S&P 500's loss of 2.84% in that time.
Investors will be hoping for strength from Deere as it approaches its next earnings release. 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 $33.91 per share and revenue of $56.03 billion. These results would represent year-over-year changes of +45.66% and +16.93%, respectively.
Investors should also note any recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.96% higher. Deere is currently a Zacks Rank #3 (Hold).
In terms of valuation, Deere is currently trading at a Forward P/E ratio of 11.34. This valuation marks a discount compared to its industry's average Forward P/E of 12.25.
Also, we should mention that DE has a PEG ratio of 0.87. 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. 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 109, which puts it in the top 44% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Top 5 ChatGPT Stocks Revealed
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Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
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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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Deere (DE) closed at $384.73 in the latest trading session, marking a +0.1% move from the prior day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 0.83%.
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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%. 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 $384.73 in the latest trading session, marking a +0.1% move from the prior day.
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Deere (DE) closed at $384.73 in the latest trading session, marking a +0.1% move from the prior day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 0.83%. Investors will be hoping for strength from Deere as it approaches its next earnings release.
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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%. Deere (DE) closed at $384.73 in the latest trading session, marking a +0.1% move from the prior day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 0.83%.
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a3d7ae61-289d-4673-81a5-abf66db42d04
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720302.0
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2023-09-28 00:00:00 UTC
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DE November 10th Options Begin Trading
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DE
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https://www.nasdaq.com/articles/de-november-10th-options-begin-trading
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the November 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new November 10th 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 $9.65. 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 $370.35 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $385.36/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 2.54% return on the cash commitment, or 21.54% 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 $390.00 strike price has a current bid of $11.65. If an investor was to purchase shares of DE stock at the current price level of $385.36/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $390.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.23% if the stock gets called away at the November 10th 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 $390.00 strike highlighted in red:
Considering the fact that the $390.00 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 3.02% boost of extra return to the investor, or 25.64% 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 $385.36) 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:
Funds Holding MYF
Institutional Holders of QWST
TPG 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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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 $390.00 strike highlighted in red: Considering the fact that the $390.00 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 November 10th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $390.00 strike highlighted in red: Considering the fact that the $390.00 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 November 10th 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 $390.00 strike price has a current bid of $11.65. Below is a chart showing DE's trailing twelve month trading history, with the $390.00 strike highlighted in red: Considering the fact that the $390.00 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 November 10th 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 $390.00 strike highlighted in red: Considering the fact that the $390.00 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 November 10th expiration.
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cf2ea305-1819-4897-9434-6a777f24e130
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720303.0
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2023-09-27 00:00:00 UTC
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Beyond Cars: Top 3 EV-Related Stocks to Invest In Now
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DE
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https://www.nasdaq.com/articles/beyond-cars%3A-top-3-ev-related-stocks-to-invest-in-now
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When considering electric vehicle (EV) stocks, investors generally start with sector behemoth Tesla (NASDAQ:TSLA) and fan out from there. Most of the time, it comes down to choosing between electric vehicle maker A and maker B. But these are notably EV makers of cars and trucks.
But what about all the other types of electric-powered vehicles? How many investors focus on those products and the companies that make them?
I recently read a Barron’s article discussing Norway’s MV Ampere, the world’s first battery-operated ferry. Powered by one-megawatt, the MV Ampere moves people between Lavik and Oppedal, Norway, across the Sognefjord fjord.
That got me thinking about EV-related stocks as alternatives to those representing EV car and truck manufacturers.
According to Tom Hesselink, executive director of the Electric Boat Association of America, I’ll be better off looking to Europe for possible choices, as America’s unlikely to make sweeping changes soon.
Perhaps, but here are my three EV-related stocks just the same.
Deere & Company (DE)
Source: JCLobo / Shutterstock
Deere & Company (NYSE:DE) accelerated its push into the electric market in December 2021 when it announced the acquisition of Kreisel Electric, an Austrian company developing “immersion-cooled electric battery modules and packs for high-performance and off-highway applications.”
Deere said in the announcement that it could see the battery technology in its turf equipment and small tractors. In February, John Deere launched the Z370R Electric ZTrak Residential Zero Turn Motor with plans to expand its lineup. The company stated in its Feb. 7 press release:
“The Z370R Electric ZTrak boasts strategically designed features and technologies, making for simplified, cleaner mowing without sacrificing the mowing experience when compared to a traditional gas mower…Promoting an easy adoption of electric solutions, the Z370R can be charged without removing the batteries by using a standard outdoor extension cord and a 110-volt grounded outlet.”
However, it’s not the first electric vehicle made by Deere. That distinction belongs to the company’s TE 4X2 Electric Gator Utility Vehicle, launched in 1999.
It’s hard to know how long Deere will take to bring out electric combines and tractors. For now, the electrification of its turf equipment products will have to suffice.
Long-term, DE stock is an excellent play, and their increasing electric options only makes it that much better.
LiveWire Group (LVWR)
Source: MaggioPH / Shutterstock.com
LiveWire Group (NYSE:LVWR) is the electric motorcycle spinoff of Harley-Davidson (NYSE:HOG). Completed a year ago through the merger with a special purpose acquisition company (SPAC), the move generated $334 million in cash for LiveWire.
Harley launched the LiveWire in 2019. In 2021, it was relaunched by LiveWire as the LiveWire One, considerably cheaper at $21,399, down from nearly $30,000 in 2019. It had 146 miles of range and could be 80% recharged (DC fast charger) in 45 minutes. Its top speed is 110 miles per hour and can be 0-60 in three seconds.
LiveWire has grown sales every year since 2019. In 2022, it had $47 million in sales, up 31% from 2021 and 135% higher than its 2019 sales of $20 million. Last year, it sold 597 LiveWire electric motorcycles from 75 contracted partner locations.
There is one caveat: LiveWire continues to lose money. In 2022, it lost $85 million on an operating basis, $19 million higher than a year earlier. Costs were higher due to the ongoing development of its S2 Del Mar motorcycle. Luckily, the first units rolled off the line in late July and deliveries are expected to begin any day.
The losses are a big reason its stock is down 13% over the past year. However, LVWR looks like a thrilling ride if you’re an aggressive investor. LiveWire trades at 34.4x sales.
Taiga Motors (TAIMF)
Source: Illus_man/Shutterstock
This last selection is even riskier than LiveWire, however, Quebec-based Taiga Motors (OTCMKTS:TAIMF) could be just the ticket for the right type of investor.
Taiga makes electric personal watercraft (PWC) and snowmobiles.
In Q2 2023, it delivered 43 PWC and 102 snowmobiles while producing 178 vehicles. Its pre-orders were 2,981. Taiga is clearly trying to keep pre-orders at a realistic level so its production doesn’t get overrun. As of the second quarter ended June 30, the company’s Taiga Service Providers (TSPs) network had 20 locations in the U.S. and Canada to provide deliveries and after-sales service. It continues to scale this network.
Revenue in Q2 was 4.1 million Canadian dollars ($3.04 million), double Q1 2023 and 924% higher than a year earlier. Sales were much higher due to a 590% increase in vehicle deliveries over last year.
Due to supply issues for its Orca Carbon PWC, the company expects its production to be at the lower end of its previous guidance of 1,700-1,900 vehicles in 2023. Based on the list price of $20,966 per vehicle, and calculating $3.04 million divided by 145 delivered, Taiga could generate $35.64 million in 2023 revenue. That’s up considerably from 3.2 million Canadian dollars ($2.37 million) in 2022.
Taiga currently trades at 1.2x sales. Thus, the risk/reward proposition for the very aggressive investor ought to be enticing.
On the date of publication, Will Ashworth 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.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post Beyond Cars: Top 3 EV-Related Stocks to Invest In Now 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 Beyond Cars: Top 3 EV-Related Stocks to Invest In Now appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips When considering electric vehicle (EV) stocks, investors generally start with sector behemoth Tesla (NASDAQ:TSLA) and fan out from there. Deere & Company (DE) Source: JCLobo / Shutterstock Deere & Company (NYSE:DE) accelerated its push into the electric market in December 2021 when it announced the acquisition of Kreisel Electric, an Austrian company developing “immersion-cooled electric battery modules and packs for high-performance and off-highway applications.” Deere said in the announcement that it could see the battery technology in its turf equipment and small tractors.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips When considering electric vehicle (EV) stocks, investors generally start with sector behemoth Tesla (NASDAQ:TSLA) and fan out from there. Deere & Company (DE) Source: JCLobo / Shutterstock Deere & Company (NYSE:DE) accelerated its push into the electric market in December 2021 when it announced the acquisition of Kreisel Electric, an Austrian company developing “immersion-cooled electric battery modules and packs for high-performance and off-highway applications.” Deere said in the announcement that it could see the battery technology in its turf equipment and small tractors. In February, John Deere launched the Z370R Electric ZTrak Residential Zero Turn Motor with plans to expand its lineup.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips When considering electric vehicle (EV) stocks, investors generally start with sector behemoth Tesla (NASDAQ:TSLA) and fan out from there. Deere & Company (DE) Source: JCLobo / Shutterstock Deere & Company (NYSE:DE) accelerated its push into the electric market in December 2021 when it announced the acquisition of Kreisel Electric, an Austrian company developing “immersion-cooled electric battery modules and packs for high-performance and off-highway applications.” Deere said in the announcement that it could see the battery technology in its turf equipment and small tractors. The company stated in its Feb. 7 press release: “The Z370R Electric ZTrak boasts strategically designed features and technologies, making for simplified, cleaner mowing without sacrificing the mowing experience when compared to a traditional gas mower…Promoting an easy adoption of electric solutions, the Z370R can be charged without removing the batteries by using a standard outdoor extension cord and a 110-volt grounded outlet.” However, it’s not the first electric vehicle made by Deere.
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Deere & Company (DE) Source: JCLobo / Shutterstock Deere & Company (NYSE:DE) accelerated its push into the electric market in December 2021 when it announced the acquisition of Kreisel Electric, an Austrian company developing “immersion-cooled electric battery modules and packs for high-performance and off-highway applications.” Deere said in the announcement that it could see the battery technology in its turf equipment and small tractors. Sales were much higher due to a 590% increase in vehicle deliveries over last year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips When considering electric vehicle (EV) stocks, investors generally start with sector behemoth Tesla (NASDAQ:TSLA) and fan out from there.
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590716f0-6807-40dd-b2cc-6fa80c328c05
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720304.0
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2023-09-26 00:00:00 UTC
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Noteworthy Tuesday Option Activity: UNH, CLDX, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-unh-cldx-de
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UnitedHealth Group Inc (Symbol: UNH), where a total volume of 14,414 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.2% of UNH's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $515 strike call option expiring September 29, 2023, with 518 contracts trading so far today, representing approximately 51,800 underlying shares of UNH. Below is a chart showing UNH's trailing twelve month trading history, with the $515 strike highlighted in orange:
Celldex Therapeutics, Inc. (Symbol: CLDX) saw options trading volume of 2,001 contracts, representing approximately 200,100 underlying shares or approximately 44.9% of CLDX's average daily trading volume over the past month, of 445,400 shares. Especially high volume was seen for the $20 strike put option expiring January 19, 2024, with 1,938 contracts trading so far today, representing approximately 193,800 underlying shares of CLDX. Below is a chart showing CLDX's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 6,658 contracts thus far today. That number of contracts represents approximately 665,800 underlying shares, working out to a sizeable 44.1% of DE's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $350 strike put option expiring October 20, 2023, with 401 contracts trading so far today, representing approximately 40,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $350 strike highlighted in orange:
For the various different available expirations for UNH options, CLDX options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Stocks Insiders Are Buying But Hedge Funds Are Selling
DVYA Videos
Institutional Holders of BBUC
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 $515 strike call option expiring September 29, 2023, with 518 contracts trading so far today, representing approximately 51,800 underlying shares of UNH. Especially high volume was seen for the $20 strike put option expiring January 19, 2024, with 1,938 contracts trading so far today, representing approximately 193,800 underlying shares of CLDX. Especially high volume was seen for the $350 strike put option expiring October 20, 2023, with 401 contracts trading so far today, representing approximately 40,100 underlying shares of DE.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UnitedHealth Group Inc (Symbol: UNH), where a total volume of 14,414 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing UNH's trailing twelve month trading history, with the $515 strike highlighted in orange: Celldex Therapeutics, Inc. (Symbol: CLDX) saw options trading volume of 2,001 contracts, representing approximately 200,100 underlying shares or approximately 44.9% of CLDX's average daily trading volume over the past month, of 445,400 shares. Below is a chart showing CLDX's trailing twelve month trading history, with the $20 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 6,658 contracts thus far today.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UnitedHealth Group Inc (Symbol: UNH), where a total volume of 14,414 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing UNH's trailing twelve month trading history, with the $515 strike highlighted in orange: Celldex Therapeutics, Inc. (Symbol: CLDX) saw options trading volume of 2,001 contracts, representing approximately 200,100 underlying shares or approximately 44.9% of CLDX's average daily trading volume over the past month, of 445,400 shares. Especially high volume was seen for the $350 strike put option expiring October 20, 2023, with 401 contracts trading so far today, representing approximately 40,100 underlying shares of DE.
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Below is a chart showing UNH's trailing twelve month trading history, with the $515 strike highlighted in orange: Celldex Therapeutics, Inc. (Symbol: CLDX) saw options trading volume of 2,001 contracts, representing approximately 200,100 underlying shares or approximately 44.9% of CLDX's average daily trading volume over the past month, of 445,400 shares. That number of contracts represents approximately 665,800 underlying shares, working out to a sizeable 44.1% of DE's average daily trading volume over the past month, of 1.5 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $350 strike highlighted in orange: For the various different available expirations for UNH options, CLDX options, or DE options, visit StockOptionsChannel.com.
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0f3bdbbb-5468-4bee-8b31-dfac619d1c2f
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720305.0
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2023-09-23 00:00:00 UTC
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Best Dividend Stocks: Deere vs. Hershey
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DE
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https://www.nasdaq.com/articles/best-dividend-stocks%3A-deere-vs.-hershey
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nan
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nan
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Fool.com contributor Parkev Tatevosian evaluates Deere (NYSE: DE) and The Hershey Company (NYSE: HSY) across several financial metrics, including valuation, to answer which stock he thinks is the better buy today.
*Stock prices used were the afternoon prices of Sept. 19, 2023. The video was published on Sept. 21, 2023.
10 stocks we like better than Hershey
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 Hershey 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 September 18, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere. 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 evaluates Deere (NYSE: DE) and The Hershey Company (NYSE: HSY) across several financial metrics, including valuation, to answer which stock he thinks is the better buy today. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on Sept. 21, 2023.
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Fool.com contributor Parkev Tatevosian evaluates Deere (NYSE: DE) and The Hershey Company (NYSE: HSY) across several financial metrics, including valuation, to answer which stock he thinks is the better buy today. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on Sept. 21, 2023.
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Fool.com contributor Parkev Tatevosian evaluates Deere (NYSE: DE) and The Hershey Company (NYSE: HSY) across several financial metrics, including valuation, to answer which stock he thinks is the better buy today. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on Sept. 21, 2023.
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The Motley Fool recommends Deere. Fool.com contributor Parkev Tatevosian evaluates Deere (NYSE: DE) and The Hershey Company (NYSE: HSY) across several financial metrics, including valuation, to answer which stock he thinks is the better buy today. The video was published on Sept. 21, 2023.
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bc000fa6-29a6-4092-9131-32d3fec9cfdd
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720306.0
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2023-09-22 00:00:00 UTC
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Hawkish Fed Comments Weigh on Stocks
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DE
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https://www.nasdaq.com/articles/hawkish-fed-comments-weigh-on-stocks
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nan
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nan
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What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.05%.
Stocks on Friday settled mixed, with the S&P 500 sliding to a 3-1/4 month low and the Dow Jones Industrials falling to a 2-1/4 month low. The broader market Friday was under pressure from hawkish comments from several Fed members who signaled interest rates may have to be higher for longer. Friday's decline in bond yields prompted some short covering in technology stocks and kept the Nasdaq 100 in positive territory.
The U.S. Sep S&P manufacturing PMI rose +1.0 to 48.9, stronger than expectations of 48.2.
Fed comments Friday were on the hawkish side and negative for stocks. Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2% in a timely way." Also, Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested, and further tightening is certainly not off the table." In addition, San Francisco Fed President Daly said she is not ready to declare victory in the fight against inflation, and it is unlikely inflation will reach the Fed's 2% goal in 2024.
Bank of America said investors are fleeing stocks on the prospects of higher interest rates for longer as EPFR Global data show global equity funds had outflows of $16.9 billion in the week through September 20, the fastest pace in 9 months.
The BOJ, as expected, voted 9-0 to keep the policy balance rate unchanged at -0.1% and to maintain the 10-year JGB yield target at about 0%. BOJ Governor Ueda said the distance from being able to adjust the negative rate hasn't changed much, and if the BOJ's inflation goal is in sight, it will mull ending yield curve control and an interest rate shift.
The markets are discounting a 23% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 48% chance for that +25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in Q3 of 2024 in response to an expected slowdown in the U.S. economy.
U.S. and European bond yields Friday were mixed. The 10-year T-note yield fell back from a 16-year high of 4.506% and finished down -5.6 bp at 4.438%. The 10-year German bund yield rose +0.3 bp to 2.739%. The 10-year UK gilt yield fell -5.6 bp to 4.249%.
Overseas stock markets Friday settled mixed. The Euro Stoxx 50 closed down -0.13%. China’s Shanghai Composite Index closed +1.55%. Japan’s Nikkei 225 today closed -0.52%.
Today’s stock movers…
Cruise line operators retreated Friday on concerns that higher interest rates will eat into profitability as they rely on borrowing to finance their operations and fleet expansion. As a result, Norwegian Cruise Line Holdings (NCLH) closed down more than -7% to lead losers in the S&P 500. Also, Royal Caribbean Cruises Ltd (RCL) closed down more than -3%, and Carnival (CCL) closed down more than -2%.
Tyson Foods (TSN) closed down more than -3% after HSBC initiated coverage on the stock with a recommendation of reduce and a price target of $49.
Scholastic (SCHL) closed down more than -13% after reporting a Q1 adjusted loss per share of -$2.20 versus a loss of -$1.33 y/y.
Deere & Co (DE) closed down more than -1% after Canaccord Genuity downgraded the stock to hold from buy.
Walgreens Boots Alliance (WBA) closed down more than -1% after Deutsche Bank cut its price target on the stock to $27 from $34.
Dollar General (DG) closed down more than -1% after HSBC initiated coverage of the stock with a recommendation of reduce and a price target of $102.
General Mills (GIS) closed down more than -1% as analysts have cut their price targets on the stock by an average of 12% since the company reported quarterly earnings results on Wednesday.
Chip stocks moved higher Friday as a decline in T-note yields sparked a slight recovery in the stocks after this week’s sharp losses. ON Semiconductor (ON) closed up more than +3% to lead gainers in the S&P 500. Also, Broadcom (AVGO) closed up more than +2%, and Nvidia (NVDA), ASML Holding NV (ASML), Applied Materials (AMAT), Lam Research (LRCX), KLA Corp (KLAC), NXP Semiconductors NV (NXPI), Microchip Technology (MCHP), and Micron Technology (MU) closed up more than +1%.
U.S.-listed Chinese stocks rallied Friday on reports that the U.S. and China are forming working groups to discuss economic and financial issues. As a result, PDD Holdings (PDD) closed up more than +4% to lead gainers in the Nasdaq 100. Also, NetEase (NTES) closed up more than +5%, and Alibaba Group Holding (BABA) closed up more than +4%. In addition, Baidu (BIDU) closed up more than +3%, and JD.com (JD) closed up more than +2%.
FactSet Research Systems (FDS) closed up more than +2% as analysts raised their price targets on the stock by an average of +3.2% since the company reported earnings on Thursday.
Ford Motor (F) closed up more than +1% after Reuters reported the UAW had made progress with the company on a new labor contract.
Seagen (SGEN) closed up more than +3% after a study showed its Padcev drug improved survival in bladder cancer patients when combined with Merk’s Keytruda.
Western Digital (WDC) closed up more than +1% after Bloomberg News reported the company is looking to merge with Japan-based Kioxia.
Activision Blizzard (ATVI) closed up more than +1% on signs that Microsoft’s $69 billion acquisition of the company is set to move forward after the UK competition authorities said they would accept Microsoft’s latest concessions.
Across the markets…
December 10-year T-notes (ZNZ23) Friday closed up +8.5 ticks. The 10-year T-note yield fell -5.6 bp to 4.438%. T-notes on Friday rose moderately on some short-covering following this week’s sharp sell-off to a 16-year low. Gains were limited by the stronger-than-expected Sep S&P manufacturing PMI report.
Hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher and for longer than previous projections had suggested.” Also, Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.” In addition, San Francisco Fed President Daly said it is unlikely inflation will reach the Fed's 2% goal in 2024.
More Stock Market News from Barchart
Dollar Supported by a Hawkish Fed
The UAW Strike Could Get Nasty: Use Friday’s Unusual Options Activity to Profit
Is Transocean Stock a Buy as Oil Prices Remain Elevated?
Can U.S. Lawmakers Avoid a Government Shutdown?
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Seagen (SGEN) closed up more than +3% after a study showed its Padcev drug improved survival in bladder cancer patients when combined with Merk’s Keytruda. What you need to know… The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.05%. The broader market Friday was under pressure from hawkish comments from several Fed members who signaled interest rates may have to be higher for longer.
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Also, Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested, and further tightening is certainly not off the table." Hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher and for longer than previous projections had suggested.” Also, Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.” In addition, San Francisco Fed President Daly said it is unlikely inflation will reach the Fed's 2% goal in 2024. What you need to know… The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.05%.
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What you need to know… The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.05%. Chip stocks moved higher Friday as a decline in T-note yields sparked a slight recovery in the stocks after this week’s sharp losses. Hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher and for longer than previous projections had suggested.” Also, Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.” In addition, San Francisco Fed President Daly said it is unlikely inflation will reach the Fed's 2% goal in 2024.
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The broader market Friday was under pressure from hawkish comments from several Fed members who signaled interest rates may have to be higher for longer. What you need to know… The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.05%. Friday's decline in bond yields prompted some short covering in technology stocks and kept the Nasdaq 100 in positive territory.
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735937af-d731-41ad-baf3-2d70a030aea3
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720307.0
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2023-09-22 00:00:00 UTC
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Why Deere Stock Continues to Fall
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DE
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https://www.nasdaq.com/articles/why-deere-stock-continues-to-fall
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nan
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nan
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What happened
It's been a tough week for Deere (NYSE: DE) shareholders, with the stock tumbling following a series of downgrades. On Friday, a different analyst chimed in with similar sentiment and the sell-off continued, sending Deere shares down as much as 2.6%.
So what
Deere is a manufacturer of agriculture and construction equipment. The company has a strong business, but its end markets are notoriously cyclical and Wall Street is growing increasingly worried the cycle is turning against the company.
On Friday, Canaccord downgraded Deere from a buy to a hold and cut its price target to $400, from $530. Analyst Bobby Burleson wrote that industry data shows slowing unit growth for agriculture equipment, while dealer inventories for used equipment are building and new equipment inventory levels appear to be "rapidly normalizing."
The analyst said that in the medium term this environment will constrain the potential for upside, prompting the hold rating.
Now what
It is worth noting that it was only in June that Canaccord initiated coverage on Deere with a buy, an indication of how quickly the cycle can move.
Burleson is not trying to sound an alarm, saying that any looming cyclical correction is likely to be "modest" compared to what has come in the past thanks to elevated levels of farm income. And Deere's investment in technology, including autonomous farm equipment, should benefit the company over time.
But there is nothing the company can do in the near term to halt the natural ebb and flow of demand. Given that even after this down week Deere shares are still up 149% over the past five years, investors appear to have decided this is a good time to take some profits.
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 September 18, 2023
Lou Whiteman 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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What happened It's been a tough week for Deere (NYSE: DE) shareholders, with the stock tumbling following a series of downgrades. Now what It is worth noting that it was only in June that Canaccord initiated coverage on Deere with a buy, an indication of how quickly the cycle can move. Burleson is not trying to sound an alarm, saying that any looming cyclical correction is likely to be "modest" compared to what has come in the past thanks to elevated levels of farm income.
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On Friday, Canaccord downgraded Deere from a buy to a hold and cut its price target to $400, from $530. Analyst Bobby Burleson wrote that industry data shows slowing unit growth for agriculture equipment, while dealer inventories for used equipment are building and new equipment inventory levels appear to be "rapidly normalizing." After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Analyst Bobby Burleson wrote that industry data shows slowing unit growth for agriculture equipment, while dealer inventories for used equipment are building and new equipment inventory levels appear to be "rapidly normalizing." 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen. What happened It's been a tough week for Deere (NYSE: DE) shareholders, with the stock tumbling following a series of downgrades.
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On Friday, Canaccord downgraded Deere from a buy to a hold and cut its price target to $400, from $530. And Deere's investment in technology, including autonomous farm equipment, should benefit the company over time. What happened It's been a tough week for Deere (NYSE: DE) shareholders, with the stock tumbling following a series of downgrades.
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19aed858-d69b-455b-a6e3-e231c25fd5b3
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720308.0
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2023-09-22 00:00:00 UTC
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Lower Bond Yields Spark Mild Recovery in Stocks
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DE
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https://www.nasdaq.com/articles/lower-bond-yields-spark-mild-recovery-in-stocks
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nan
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nan
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What you need to know…
The S&P 500 Index ($SPX) (SPY) today is up +0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.88%.
Stocks this morning are moderately higher, recovering from some of the significant sell-off seen earlier this week. Today's decline in bond yields prompted some short covering in stocks as the 10-year T-note yield fell back from a 16-year high of 4.506% posted in overnight trade.
The U.S. Sep S&P manufacturing PMI rose +1.0 to 48.9, stronger than expectations of 48.2.
Fed comments today were on the hawkish side and negative for stocks. Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2% in a timely way." Also, Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested, and further tightening is certainly not off the table."
Bank of America said investors are fleeing stocks on the prospects of higher interest rates for longer as EPFR Global data show global equity funds had outflows of $16.9 billion in the week through September 20, the fastest pace in 9 months.
The markets are discounting a 23% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 50% chance for that +25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in Q3 of 2024 in response to an expected slowdown in the U.S. economy.
U.S. and European bond yields today are mixed. The 10-year T-note yield fell back from a 16-year high of 4.506% and is down -5.6 bp at 4.438%. The 10-year German bund yield is up +0.2 bp at 2.738%. The 10-year UK gilt yield is down -4.9 bp at 4.255%.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.06%. China’s Shanghai Composite Index closed +1.55%. Japan’s Nikkei 225 today closed -0.52%.
Today’s stock movers…
Western Digital (WDC) is up more than +4% to lead gainers in the S&P 500 after Bloomberg News reported the company is looking to merge with Japan-based Kioxia.
Meta Platforms (META) is up more than +2% after Citigroup rated the stock a buy and opened a 90-day upside catalyst watch for the stock ahead of the Meta Connect 2023 event next week, where the company will announce details around its generative AI plans.
Chip stocks are moving higher as they recover slightly from this week’s sharp losses. ON Semiconductor (ON) is up more than +2%. Also, Nvidia (NVDA), ASML Holding NV (ASML), Applied Materials (AMAT), Broadcom (AVGO), Lam Research (LRCX), KLA Corp (KLAC), NXP Semiconductors NV (NXPI), Marvel Technology (MRVL), and Micron Technology (MU) are up more than +1%.
Apple (AAPL) is up more than +1% to lead gainers in the Dow Jones Industrials after its latest iPhones and watches went on sale.
Ford Motor (F) is up more than +3% after Reuters reported the UAW has made real progress with the company over a new labor contract.
Seagen (SGEN) is up more than +3% to lead gainers in the Nasdaq 100 after a study showed its Padcev drug improved survival in bladder cancer patients when combined with Merk’s Keytruda.
Constellation Brands (STZ) is up more than +1% after Goldman Sachs raised its price target on the stock to $305 from $275.
Activision Blizzard (ATVI) is up more than +1% on signs that Microsoft’s $69 billion acquisition of the company is set to move forward after the UK competition authorities said they would accept Microsoft’s latest concessions.
Charter Communications (CHTR) is up more than +1% after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $550.
Wayfair (W) is up more than +1% after Bernstein upgraded the stock to market perform from underperform.
Tyson Foods (TSN) is down more than -2% after HSBC initiated coverage on the stock with a recommendation of reduce and a price target of $49.
Deere & Co (DE) is down more than -1% after Canaccord Genuity downgraded the stock to hold from buy.
General Mills (GIS) is down more than -1% as analysts have cut their price targets on the stock by an average of 12% since the company reported quarterly earnings results on Wednesday.
Dollar General (DG) is down more than -1% after HSBC initiated coverage of the stock with a recommendation of reduce and a price target of $102.
Scholastic (SCHL) is down more than -11% after reporting a Q1 adjusted loss per share of -$2.20 versus a loss of -$1.33 y/y.
Vertex Pharmaceuticals (VRTX) is down more than -1% on signs of insider selling after an SEC filing showed company CMO Bozic sold $1.98 million of shares on Tuesday.
Across the markets…
December 10-year T-notes (ZNZ23) today are up +11 ticks, and the 10-year T-note yield is down -5.6 bp at 4.438%. T-notes are moderately higher today on some short-covering following this week’s sharp sell-off to a 16-year low. Gains are limited by the stronger-than-expected S&P manufacturing PMI report. Also, hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.”
The dollar index (DXY00) today is up by +0.06% and posted a new 6-1/2 month high. The dollar has carryover support from Wednesday when the Fed signaled one more +25 bp rate hike this year and projected the fed funds rate next year +50 bp higher than they projected back in June. Also, today’s stronger-than-expected U.S. S&P manufacturing PMI report was supportive of the dollar. Gains in stocks today are limiting the upside in the dollar on reduced liquidity demand.
EUR/USD (^EURUSD) today is down -0.03% and posted a new 6-month low. The euro moved lower today after the Eurozone Sep S&P manufacturing PMI unexpectedly declined and after ECB Chief Economist Lane said the Eurozone economy this year will be "fairly muted." The euro recovered from its worst levels on hawkish comments from ECB Governing Council member De Cos, who said, "It is certainly too early to talk about rate cuts at the moment."
The Eurozone Sep S&P manufacturing PMI unexpectedly fell -0.1 to 43.4, weaker than expectations of an increase to 44.0. However, the Sep S&P composite PMI rose +0.4 to 47.1, stronger than expectations of a decline to 46.5.
ECB Governing Council member De Cos said, "The growth outlook for the Eurozone has been revised downwards, and the risks are on the downside." However, "it is certainly too early to talk about rate cuts at the moment."
ECB Chief Economist Lane said the Eurozone economy this year will be "fairly muted."
USD/JPY (^USDJPY) is up +0.26%. The yen today is moderately lower and just above Thursday’s 10-1/2 month low against the dollar. The yen weakened after the BOJ maintained record-low interest rates after today’s policy meeting, and BOJ Governor Ueda said the distance from being able to adjust the negative rate hasn't changed much. Another bearish factor for the yen was today’s news that the Japan Sep Jibun Bank manufacturing PMI contracted at the steepest pace in 7 months. Losses in the yen are contained after the 10-year JGB bond yield rose to a 10-year high of 0.756% and as T-note yields declined.
The BOJ, as expected, voted 9-0 to keep the policy balance rate unchanged at -0.1% and to maintain the 10-year JGB yield target at about 0%.
BOJ Governor Ueda said the distance from being able to adjust the negative rate hasn't changed much, and if the BOJ's inflation goal is in sight, we will mull ending yield curve control and an interest rate shift.
Japan Aug national CPI eased to +3.2% y/y from +3.3% y/y in July, stronger than expectations of +3.0% y/y. Aug national CPI ex-fresh food and energy was unchanged from July at +4.3% y/y, right on expectations.
The Japan Sep Jibun Bank manufacturing PMI fell -1.0 to 48.6, the steepest pace of contraction in 7 months.
October gold (GCV3) today is up +7.6 (+0.40%), and Dec silver (SIZ23) is up +0.288 (+1.22%). Precious metals prices today are moderately higher, with silver posting a 2-week high. Lower T-note yields today are supportive for precious metals. Silver also garnered support from today’s stronger-than-expected U.S. S&P manufacturing PMI report, which was a positive factor for industrial metals demand.
Gains in metals are limited with today’s rally in the dollar index to a 6-1/2 month high. Also, hawkish central bank comments are bearish for precious metals after Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after ECB Governing Council member De Cos said, "it is certainly too early to talk about rate cuts at the moment." Finally, gold is being weighed down by long liquidation pressures after long gold holdings in ETFs fell to a 3-1/2 year low on Thursday.
More Stock Market News from Barchart
Is Tesla Stock Overvalued? Here's What Experts Are Saying
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Starbucks Stock: Scoop Up this Oversold Bargain for Pumpkin Spice Latte Season
On the date of publication, Rich Asplund 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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Seagen (SGEN) is up more than +3% to lead gainers in the Nasdaq 100 after a study showed its Padcev drug improved survival in bladder cancer patients when combined with Merk’s Keytruda. Vertex Pharmaceuticals (VRTX) is down more than -1% on signs of insider selling after an SEC filing showed company CMO Bozic sold $1.98 million of shares on Tuesday. The euro recovered from its worst levels on hawkish comments from ECB Governing Council member De Cos, who said, "It is certainly too early to talk about rate cuts at the moment."
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Also, hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.” The dollar index (DXY00) today is up by +0.06% and posted a new 6-1/2 month high. The euro moved lower today after the Eurozone Sep S&P manufacturing PMI unexpectedly declined and after ECB Chief Economist Lane said the Eurozone economy this year will be "fairly muted." Also, hawkish central bank comments are bearish for precious metals after Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after ECB Governing Council member De Cos said, "it is certainly too early to talk about rate cuts at the moment."
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Also, hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.” The dollar index (DXY00) today is up by +0.06% and posted a new 6-1/2 month high. Also, hawkish central bank comments are bearish for precious metals after Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after ECB Governing Council member De Cos said, "it is certainly too early to talk about rate cuts at the moment." What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.88%.
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Also, hawkish Fed comments weighed on T-notes when Boston Fed President Collins said, "I expect rates may have to stay higher, and for longer, than previous projections had suggested,” and after Fed Governor Bowman said, "I continue to expect that further rate hikes will likely be needed to return inflation to 2%.” The dollar index (DXY00) today is up by +0.06% and posted a new 6-1/2 month high. Losses in the yen are contained after the 10-year JGB bond yield rose to a 10-year high of 0.756% and as T-note yields declined. What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.88%.
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fffe0f7f-7f28-420c-a3d7-067842447fe0
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720309.0
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2023-09-22 00:00:00 UTC
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Markets Today: Stocks Recover Some of This Week’s Losses as Bond Yields Fall
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DE
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https://www.nasdaq.com/articles/markets-today%3A-stocks-recover-some-of-this-weeks-losses-as-bond-yields-fall
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nan
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nan
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Morning Markets
December E-Mini S&P 500 futures (ESZ23) are up +0.37%, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are up +0.64%.
Stock index futures this morning are mildly higher, recovering from some of the significant sell-off seen over this past week. Today's decline in bond yields prompted some short covering in stocks as the 10-year T-note yield fell back from a 16-year high of 4.506% posted in overnight trade.
Bank of America said investors are fleeing stocks on the prospects of higher interest rates for longer as EPFR Global data show global equity funds had outflows of $16.9 billion in the week through September 20, the fastest pace in 9 months.
The markets are discounting a 25% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 50% chance for that +25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in Q3 of 2024 in response to an expected slowdown in the U.S. economy.
U.S. and European bond yields today are mixed. The 10-year T-note yield fell back from a 16-year high of 4.506% and is down -2.6 bp at 4.468%. The 10-year German bund yield is up +0.7 bp at 2.743%. The 10-year UK gilt yield is down -3.8 bp at 4.267%.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.11%. China’s Shanghai Composite Index closed +1.55%. Japan’s Nikkei 225 today closed -0.52%.
The Euro Stoxx 50 today fell to a 5-week low on fresh signs of weakness in the Eurozone economy after the Eurozone’s monthly manufacturing PMI report unexpectedly weakened. Also, concern that interest rates will remain higher for longer weighed on equity markets. Dutch bank stocks retreated after a majority of the Dutch parliament’s second chamber approved a proposal to increase bank taxes. Stocks recovered from their worst levels on a rally in European mining stocks after iron ore prices rose on speculation China may boost stimulus measures to support its crisis-ridden property market.
The Eurozone Sep S&P manufacturing PMI unexpectedly fell -0.1 to 43.4, weaker than expectations of an increase to 44.0. However, the Sep S&P composite PMI rose +0.4 to 47.1, stronger than expectations of a decline to 46.5.
China’s Shanghai Composite Stock Index today rebounded from a 4-week low and closed moderately higher. A sharp short-covering rally emerged in Chinese stocks in afternoon trading to push the overall market higher on speculation the Chinese government may boost some stimulus measures over the weekend. The Chinese government has proposed additional stimulus measures every weekend this month. NetEase jumped more than 6% after JPMorgan Chase put the stock on positive catalyst watch, citing strong momentum from the company’s new online video games.
Japan’s Nikkei Stock Index today dropped to a 3-1/2 week low and closed moderately lower. Japanese stocks retreated on the heels of Thursday’s slump in U.S. equity markets on interest rate concerns after the 10-year T-note yield soared to a 16-year high and Japan’s 10-year JGB bond yields rose to a 10-year high. Also, signs of contraction in Japanese manufacturing activity undercut stocks after today’s report showed the Sep Jibun Bank manufacturing PMI contracted by the most in seven months. Stocks recovered from their worst levels as exporter stocks gained after the yen weakened when the BOJ held monetary policy steady, and BOJ Governor Ueda said the distance from being able to adjust the negative rate hasn't changed much.
Japan Aug national CPI eased to +3.2% y/y from +3.3% y/y in July, stronger than expectations of +3.0% y/y. Aug national CPI ex-fresh food and energy was unchanged from July at +4.3% y/y, right on expectations.
The Japan Sep Jibun Bank manufacturing PMI fell -1.0 to 48.6, the steepest pace of contraction in 7 months.
The BOJ, as expected, voted 9-0 to keep the policy balance rate unchanged at -0.1% and to maintain the 10-year JGB yield target at about 0%.
BOJ Governor Ueda said the distance from being able to adjust the negative rate hasn't changed much, and if the BOJ's inflation goal is in sight, we will mull ending yield curve control and an interest rate shift.
Pre-Market U.S. Stock Movers
Activision Blizzard (ATVI) rose more than +2% in pre-market trading on signs that Microsoft’s $69 billion acquisition of the company is set to move forward after the UK competition authorities said they would accept Microsoft’s latest concessions.
Charter Communications (CHTR) is up more than +1% in pre-market trading after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $550.
Palantir Technologies (PLTR) gained more than +1% in pre-market trading after Cathie Wood’s Ark Investment Management said it bought more than 1 million shares of Palantir for its funds.
Wayfair (W) climbed more than +2% in pre-market trading after Bernstein upgraded the stock to market perform from underperform.
Ralph Lauren (RL) rose more than +1% in pre-market trading after Raymond James initiated coverage on the stock with an outperform rating and a $135 price target.
Roku (ROKU) gained more than +1% in pre-market trading after CFRA upgraded the stock to hold from sell.
Scholastic (SCHL) plunged more than -17% in pre-market trading after reporting a Q1 adjusted loss per share of -$2.20 versus a loss of -$1.33 y/y.
Deere & Co (DE) slid more than -1% in pre-market trading after Canaccord Genuity downgraded the stock to hold from buy.
Intercontinental Exchange (ICE) fell more than -1% in pre-market trading after Goldman Sachs initiated coverage on the stock to neutral.
Earnings Reports (9/22/2023)
5E Advanced Materials Inc (FEAM).
More Stock Market News from Barchart
S&P Futures Tick Higher as Investors Await U.S. PMI Data, Rate Worries Persist
Surging Bond Yields Hammer Stocks
Chevron vs. Occidental Petroleum: Which Warren Buffett Energy Stock is a Better Buy?
Broadcom and 2 More Tech Stocks Insiders Are Buying in September
On the date of publication, Rich Asplund 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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NetEase jumped more than 6% after JPMorgan Chase put the stock on positive catalyst watch, citing strong momentum from the company’s new online video games. Broadcom and 2 More Tech Stocks Insiders Are Buying in September On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. Morning Markets December E-Mini S&P 500 futures (ESZ23) are up +0.37%, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are up +0.64%.
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Also, signs of contraction in Japanese manufacturing activity undercut stocks after today’s report showed the Sep Jibun Bank manufacturing PMI contracted by the most in seven months. Morning Markets December E-Mini S&P 500 futures (ESZ23) are up +0.37%, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are up +0.64%. Stock index futures this morning are mildly higher, recovering from some of the significant sell-off seen over this past week.
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Today's decline in bond yields prompted some short covering in stocks as the 10-year T-note yield fell back from a 16-year high of 4.506% posted in overnight trade. More Stock Market News from Barchart S&P Futures Tick Higher as Investors Await U.S. PMI Data, Rate Worries Persist Surging Bond Yields Hammer Stocks Chevron vs. Occidental Petroleum: Which Warren Buffett Energy Stock is a Better Buy? Morning Markets December E-Mini S&P 500 futures (ESZ23) are up +0.37%, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are up +0.64%.
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Morning Markets December E-Mini S&P 500 futures (ESZ23) are up +0.37%, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are up +0.64%. Stock index futures this morning are mildly higher, recovering from some of the significant sell-off seen over this past week. Today's decline in bond yields prompted some short covering in stocks as the 10-year T-note yield fell back from a 16-year high of 4.506% posted in overnight trade.
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f8dd704f-5301-4c73-aab4-47c2dcef0267
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720310.0
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2023-09-21 00:00:00 UTC
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Why Shares of Deere Fell Again Today
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DE
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https://www.nasdaq.com/articles/why-shares-of-deere-fell-again-today
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nan
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nan
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What happened
Shares in the agriculture and construction machinery maker Deere & Company (NYSE: DE) were down by 4% at 10 a.m. ET Thursday. The move comes in the aftermath of an analyst downgrade a few days earlier and continued declines in key prices for crops like corn, wheat, and soybeans.
So what
Evercore ISO (NYSE: EVR) analyst David Raso cut his price target to $424 from $456 and downgraded the stock to in-line from outperform.
In reality, an in-line rating implies a sell because if a company is only estimated to perform in line with the market or its sector, then there's no reason to take on extra stock-specific risk by holding Deere stock rather than buying the market or its sector via an exchange-traded fund. Raso's concern is that slowing production levels in South America will lead to lower sales volumes in key markets like Brazil.
In addition, corn, wheat, and soybean prices are down sharply over the last week, recording declines of 1.4%, 2.2%, and 4.3%, respectively. Wheat is at a yearly low, and corn and soybeans are close to theirs.
In a sense, the weakening outlook in South America is priced into the stock because, on the third-quarterearnings callin August, management downgraded its ag and turf industry full-year growth outlook for South America (tractors and combines) to a range of flat to down 5% from a previous outlook of flat.
Image source: Getty Images.
Now what
The ongoing decline in crop prices is probably more of a concern because farmers' spending on equipment tends to follow their crop income, and crop prices usually lead that. As such, continued declines could signal a cyclical high in Deere's revenue and earnings -- something to look out for.
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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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The move comes in the aftermath of an analyst downgrade a few days earlier and continued declines in key prices for crops like corn, wheat, and soybeans. So what Evercore ISO (NYSE: EVR) analyst David Raso cut his price target to $424 from $456 and downgraded the stock to in-line from outperform. What happened Shares in the agriculture and construction machinery maker Deere & Company (NYSE: DE) were down by 4% at 10 a.m.
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The move comes in the aftermath of an analyst downgrade a few days earlier and continued declines in key prices for crops like corn, wheat, and soybeans. In addition, corn, wheat, and soybean prices are down sharply over the last week, recording declines of 1.4%, 2.2%, and 4.3%, respectively. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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In reality, an in-line rating implies a sell because if a company is only estimated to perform in line with the market or its sector, then there's no reason to take on extra stock-specific risk by holding Deere stock rather than buying the market or its sector via an exchange-traded fund. In a sense, the weakening outlook in South America is priced into the stock because, on the third-quarterearnings callin August, management downgraded its ag and turf industry full-year growth outlook for South America (tractors and combines) to a range of flat to down 5% from a previous outlook of flat. What happened Shares in the agriculture and construction machinery maker Deere & Company (NYSE: DE) were down by 4% at 10 a.m.
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The move comes in the aftermath of an analyst downgrade a few days earlier and continued declines in key prices for crops like corn, wheat, and soybeans. What happened Shares in the agriculture and construction machinery maker Deere & Company (NYSE: DE) were down by 4% at 10 a.m. So what Evercore ISO (NYSE: EVR) analyst David Raso cut his price target to $424 from $456 and downgraded the stock to in-line from outperform.
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25a36bd9-eea0-47bf-a0ba-bd27091b99db
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720311.0
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2023-09-21 00:00:00 UTC
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INSIGHT-NextEra workers roll the dice with big bet on company stock
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DE
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https://www.nasdaq.com/articles/insight-nextera-workers-roll-the-dice-with-big-bet-on-company-stock
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nan
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nan
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By contrast, 92% of U.S. employee retirement accounts contain no home-company stock, with many companies either not offering their shares for those plans or limiting them, according to a Vanguard Group study of 2022 allocations by 5 million 401(k) participants.
NextEra NEE.N policies incentivize workers to invest retirement funds in its shares. It has no limit on how much employees can allocate to company stock, matches worker contributions in company shares instead of cash, and gives workers the option to reinvest dividends on those holdings into even more stock, according to the retirement plan's financial statements.
NextEra declined to comment on its use of company stock in employee 401(k) plans. "We have nothing to offer," a company spokesperson said.
Not diversifying "is a crazy thing to do,” said Alicia Munnell, director of the Center for Retirement Research at Boston College. “If things go really badly at your company, you can lose your job and your retirement savings.”
NextEra's reliance on its shares has paid off big for workers over the past ten years as the company grew rapidly, delivering a total return of 325%, compared to the S&P 500's return of 212%.
But employees have been stung more recently as higher interest rates increased the cost of the company’s ambitious roll out of wind and solar energy. Utility stock dividend yields also look less attractive to investors in a higher interest rate environment.
Since the end of 2021, NextEra shares have slumped 27%, compared to a 11% decline on the S&P 500 Utilities Index, slashing the value of employees' NextEra shares by more than $500 million, according to the plan’s financial statements.
Last year, employees booked nearly $66 million in actual losses from selling shares, financial reports show.
Enron’s $2.14 billion retirement plan had 62% of its assets invested in the company’s common and preferred stock at the end of 2000, months before it went bust. Employees took massive losses because they were prohibited from selling their shares amid disclosures of deepening financial problems, and then they lost their jobs.
More recently, SVB Financial Corp's bankruptcy in March after the collapse of Silicon Valley Bank, erased nearly all of the value of the parent company's stock.
Kristin McKenna, president of Darrow Wealth Management in suburban Boston, said many times her new clients are unaware of the concentrated positions in their retirement accounts.
"It's the rule, not the exception," McKenna said. "If we saw a concentration of more than 20% in a single company stock, we would definitely tell them it's a big risk."
SHIFT IN STRATEGY
In recent years, many U.S. publicly-traded corporations have imposed limits on the concentration of company shares in retirement plans and offer more diversified plans that include inexpensive target-date funds, which automatically allocate stocks and bonds based on investors’ age and dial down risk as they approach retirement.
But there are a number of large, noteworthy holdouts in the energy and utility sectors, SEC disclosures show.
Exxon’s retirement savings plan held $8.4 billion in company stock at the end of 2022, or 40% of $21.1 billion in total investments. That bet has been a laggard compared to a more diversified investment mix. Exxon's total return of 101% trails the broader S&P 500 Index’s 212% return over the past decade.
Exxon declined to comment.
Employee retirement plans overweight with stock help companies by providing a tax-break opportunity for headquarters. Corporations, for example, can take deductions on dividends paid on company shares held by employees in their retirement accounts. This is most helpful to companies in the utility and energy sectors, which have among the highest dividend payouts and the highest concentration of home-grown stock in their 401(k) plans.
Few companies disclose the impact of those tax deductions, but the ones that do say the impact is large enough to cut their 21% federal tax rate, according to filings with the U.S. Securities and Exchange Commission.
Southern Co SO.N, for example, has reduced its tax rate by as much as 4 percentage points in recent years. The Atlanta, Georgia-based utilities company’s $7.65 billion retirement plan had 38% of total investments in company stock at the end of 2022, SEC disclosures show. The company did not return messages seeking comment.
In 2021, Dominion Energy Inc DE.N placed a 20% limit on company stock holdings in its retirement plan for salaried employees, part of a commitment to diversification, said company spokesperson Ryan Frazier.
Nevertheless, recent losses in the Dominion plan have been heavy. At the end of last year, the plan held Dominion stock valued at $687 million, or 18% of $3.9 billion in assets. Those shares had a cost basis of $758 million, meaning employees were sitting on $71 million in losses, SEC disclosures show. Since then, Dominion’s share price has dropped 22%. `
Keith Rasmussen, a retired geologist, said he still feels the financial repercussions of holding big bets on company stock in his retirement plans.
His first jolt came during a short stint at the oil and gas arm of Enron, when he sold several thousand shares at $5 apiece. Those shares had an average value of $35 when he received them, he said.
And then more than a decade later, Rasmussen took heavy losses when a drop in natural gas prices crushed the value of his retirement plan holdings in Chesapeake Energy Corp, whose retirement plan held 46% of its assets in company stock at the end of 2013.
“My 401(k) was cut in half,” Rasmussen, 68, recalled in a telephone interview. “We can pay our bills, but we’re restricted a little bit on things we wanted to do and planned on doing.”
Nextera 401(k) bets big on company stock https://www.reuters.com/graphics/NEXTERAENERGY-RETIREMENT/jnpwwjaaypw/
(Writing by Richard Valdmanis; Editing by Anna Driver)
((richard.valdmanis@thomsonreuters.com; +1 617 312 6022; Reuters Messaging: richard.valdmanis.thomsonreuters.com@reuters.net))
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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Kristin McKenna, president of Darrow Wealth Management in suburban Boston, said many times her new clients are unaware of the concentrated positions in their retirement accounts. It has no limit on how much employees can allocate to company stock, matches worker contributions in company shares instead of cash, and gives workers the option to reinvest dividends on those holdings into even more stock, according to the retirement plan's financial statements. NextEra declined to comment on its use of company stock in employee 401(k) plans.
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In recent years, many U.S. publicly-traded corporations have imposed limits on the concentration of company shares in retirement plans and offer more diversified plans that include inexpensive target-date funds, which automatically allocate stocks and bonds based on investors’ age and dial down risk as they approach retirement. And then more than a decade later, Rasmussen took heavy losses when a drop in natural gas prices crushed the value of his retirement plan holdings in Chesapeake Energy Corp, whose retirement plan held 46% of its assets in company stock at the end of 2013. It has no limit on how much employees can allocate to company stock, matches worker contributions in company shares instead of cash, and gives workers the option to reinvest dividends on those holdings into even more stock, according to the retirement plan's financial statements.
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It has no limit on how much employees can allocate to company stock, matches worker contributions in company shares instead of cash, and gives workers the option to reinvest dividends on those holdings into even more stock, according to the retirement plan's financial statements. In recent years, many U.S. publicly-traded corporations have imposed limits on the concentration of company shares in retirement plans and offer more diversified plans that include inexpensive target-date funds, which automatically allocate stocks and bonds based on investors’ age and dial down risk as they approach retirement. And then more than a decade later, Rasmussen took heavy losses when a drop in natural gas prices crushed the value of his retirement plan holdings in Chesapeake Energy Corp, whose retirement plan held 46% of its assets in company stock at the end of 2013.
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Since the end of 2021, NextEra shares have slumped 27%, compared to a 11% decline on the S&P 500 Utilities Index, slashing the value of employees' NextEra shares by more than $500 million, according to the plan’s financial statements. It has no limit on how much employees can allocate to company stock, matches worker contributions in company shares instead of cash, and gives workers the option to reinvest dividends on those holdings into even more stock, according to the retirement plan's financial statements. NextEra declined to comment on its use of company stock in employee 401(k) plans.
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c37ac261-6e49-4838-ada1-ca4736cf253d
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720312.0
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2023-09-20 00:00:00 UTC
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Why Deere (DE) is a Top Value Stock for the Long-Term
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DE
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https://www.nasdaq.com/articles/why-deere-de-is-a-top-value-stock-for-the-long-term-1
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of 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.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
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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
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus 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.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
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 11.76; value investors should take notice.
12 analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $2.06 to $33.91 per share. DE also 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.
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
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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.
|
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of 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.
|
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. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
|
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 A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
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 A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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720313.0
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2023-09-20 00:00:00 UTC
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Stock Market News for Sep 20, 2023
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https://www.nasdaq.com/articles/stock-market-news-for-sep-20-2023
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U.S. stocks closed lower on Tuesday as oil prices and bond yield rose yet again, while investors geared up for a hawkish stance from the Fed officials ahead of their interest rate decision on Wednesday. All three major indexes ended in negative territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) shed 0.3% or 106.57 points to end at 34,517.73 points.
The S&P 500 declined 0.2% or 9.58 points, to close at 4,443.95 points. Consumer discretionary and utility stocks were the worst performers.
The Consumer Discretionary Select Sector SPDR (XLY) and the Utilities Select Sector SPDR (XLU) each declined 0.5%. Ten of the 11 sectors of the benchmark index ended in negative territory.
The tech-heavy Nasdaq slipped 0.2% or 32.05 points to finish at 13,678.19 points.
The fear-gauge CBOE Volatility Index (VIX) was up 0.79% to 14.11. A total of 9.60 billion shares were traded on Tuesday, lower than the last 20-session average of 10.05 billion. Decliners outnumbered advancers on the NYSE by a 1.67-to-1 ratio. On the Nasdaq, a 1.47-to-1 ratio favored declining issues.
Investors Jittery Ahead of Fed’s Interest Rate Decision
Investors have been eagerly waiting for the Fed’s interest rate hike decision at the end of its September meeting which started on Tuesday. The decision will be announced on Wednesday. Ahead of that, investors tried to gauge the central bank’s future course of action.
Although investors are hopeful that the Federal Reserve will keep interest rates unchanged this month, they are worrying about the accompanying economic forecasts and the central bank’s future course of action.
Market participants believe that the Fed will maintain a hawkish stance amid increasing inflationary pressures, which has been a growing concern lately that has seen the 10-year Treasury yield climb to its highest level since 2007.
Concerns over rising inflation have grown once again owing to the surge in oil and gas prices, which can become the most important determinant of expectations about consumer inflation.
The growing concerns led to a huge selloff on Tuesday, with all three major indexes closing in the red. Shares of Deere & Company (DE) fell 3%, while Caterpillar Inc. (CAT) declined 0.5%. Caterpillar carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Economic Data
In economic data released on Tuesday, housing starts declined 11.3% in August to its lowest level since July 2020, following a 2% rise in July. However, building permits increased 6.9% in August.
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Caterpillar Inc. (CAT) : Free Stock Analysis Report
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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U.S. stocks closed lower on Tuesday as oil prices and bond yield rose yet again, while investors geared up for a hawkish stance from the Fed officials ahead of their interest rate decision on Wednesday. Although investors are hopeful that the Federal Reserve will keep interest rates unchanged this month, they are worrying about the accompanying economic forecasts and the central bank’s future course of action. All three major indexes ended in negative territory.
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The Consumer Discretionary Select Sector SPDR (XLY) and the Utilities Select Sector SPDR (XLU) each declined 0.5%. Economic Data In economic data released on Tuesday, housing starts declined 11.3% in August to its lowest level since July 2020, following a 2% rise in July. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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U.S. stocks closed lower on Tuesday as oil prices and bond yield rose yet again, while investors geared up for a hawkish stance from the Fed officials ahead of their interest rate decision on Wednesday. Investors Jittery Ahead of Fed’s Interest Rate Decision Investors have been eagerly waiting for the Fed’s interest rate hike decision at the end of its September meeting which started on Tuesday. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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U.S. stocks closed lower on Tuesday as oil prices and bond yield rose yet again, while investors geared up for a hawkish stance from the Fed officials ahead of their interest rate decision on Wednesday. All three major indexes ended in negative territory. Shares of Deere & Company (DE) fell 3%, while Caterpillar Inc. (CAT) declined 0.5%.
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b4edcc65-96c8-44bd-9605-96136a3e0960
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720314.0
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2023-09-19 00:00:00 UTC
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Stocks Fall Ahead of FOMC Meeting Results on Wednesday
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https://www.nasdaq.com/articles/stocks-fall-ahead-of-fomc-meeting-results-on-wednesday
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What you need to know…
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.22%.
Stocks fell on Tuesday’s weak U.S. housing starts report and the +6.0 bp rise in the 10-year T-note yield to a 15-year high. There was also downward pressure from the possibilities of an expanding UAW strike and a U.S. government shutdown on September 30, as well as the restart of student loan payments on October 1. Oil prices rallied to a 10-1/2 month high Tuesday, which was negative for the inflation outlook and hawkish for Fed policy, although oil prices fell back later in the day.
Stocks also traded on a cautious note ahead of the 2-day FOMC meeting that ends Wednesday. The markets are fully expecting the FOMC to leave its funds rate target unchanged at 5.25/5.50%. However, the markets are expecting the FOMC to maintain its hawkish bias and keep in play the possibility of one more rate hike later this year.
Specifically, the markets are discounting a 29% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 15% chance for that 25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in 2024 in response to an expected slowdown in the U.S. economy.
The OECD Tuesday cut its global GDP forecast for 2024 to +2.7% from +3.0%, with the comment that “While high inflation continues to unwind, the world economy remains in a difficult place. We’re confronting the double challenges of inflation and low growth.”
U.S. Aug housing starts fell -11.3% to 1.283 million, much weaker than expectations for a decline of about -1%. However, Aug building permits rose +6.9% m/m to 1.542 million, stronger than expectations for a small decline.
The Eurozone final-Aug CPI was revised slightly lower to +0.5% m/m and +5.2% y/y from the preliminary report of +0.6% m/m and +5.3% y/y. The final-core CPI was left unrevised at +5.3% y/y.
Overseas stock markets fell Tuesday. The Euro Stoxx 50 fell -0.07%, China’s Shanghai Composite Index fell -0.03%, and Japan’s Nikkei 225 fell -0.87%.
Today’s stock movers…
The UAW Tuesday said that more autoworkers will go on strike at noon on Friday if there isn’t substantial progress on contract talks. GM (GM) rose +1.86%, Ford (F) rose +1.78%, and Stellantis NV (STLA) rose +2.11%.
Oil stocks saw support as WTI crude oil prices rallied to a new 10-1/2 month high but then fell back along with oil prices later in the day. Exxon (XOM) fell -0.26%, Chevron (CVX) fell -0.01%, and Conoco Phillips (COP) fell -1.06%.
Disney (DIS) fell -3.62% on the company’s announcement that it will nearly double its spending on theme parks to $60 billion over the next 10 years.
Deere (DE) fell -2.96% on a downgrade by Evercore ISI to inline from outperform.
Block (SQ) fell -2.83% after news that CEO Alyssa Henry is leaving and that Jack Dorsey will take over.
Starbucks (SBUX) fell -1.52% on a downgrade by TD Cowen to market-perform from outperform due to a “worrisome” outlook for Chinese same-store sales tied to macroeconomic and competitive pressures.
Dell Technologies (DELL) rose +1.08% on an upgrade by Daiwa Securities to outperform from neutral on an improved demand outlook.
CVS Corp (CVS) rose +1.82% on an upgrade by Evercore ISI due to improving operational issues and an attractive valuation.
Rackspace Technology (RXT) soared by +36% on an upgrade by Raymond James to outperform from market-perform on an improved outlook for its turnaround plan.
Rocket Lab USA (RKLB) fell -7.54% after the company was forced to end its latest rocket launch mission and postponed an upcoming mission.
Royal Caribbean Cruises (RCL) rose +2.50%, and Carnival (CCL) rose by +0.33%, after upgrades by Truist Securities to Buy and Hold, respectively, due to strong trends and more attractive valuations.
Grocery-delivery business Maplebear Inc, doing business as Instacart (CART), rallied by +12% on its first day of trading to $45.31 from Monday’s IPO price of $30 per share. CART raised $660 million of cash at the IPO and had an IPO valuation of $9.9 billion.
Across the markets…
December 10-year T-notes (ZNZ23) Tuesday fell -12.5 ticks. The 10-year T-note yield rose +6.0 bp to 4.363% and posted a 15-year high. T-notes were under pressure Tuesday as a new 10-1/2 month high in oil prices put upward pressure on inflation expectations even though oil prices fell back later in the day. Also, the Fed may be forced to hold interest rates higher-for-longer if gasoline prices continue to rise and push the inflation statistics higher. The 10-year breakeven inflation expectations rate Tuesday rose +1.1 bp to 2.373%.
T-note prices found underlying support Tuesday from the weak U.S. housing starts report, which suggested that high mortgage rates and high home prices are curbing homebuilder plans to build new houses.
More Stock Market News from Barchart
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On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Starbucks (SBUX) fell -1.52% on a downgrade by TD Cowen to market-perform from outperform due to a “worrisome” outlook for Chinese same-store sales tied to macroeconomic and competitive pressures. What you need to know… The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.22%. There was also downward pressure from the possibilities of an expanding UAW strike and a U.S. government shutdown on September 30, as well as the restart of student loan payments on October 1.
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T-notes were under pressure Tuesday as a new 10-1/2 month high in oil prices put upward pressure on inflation expectations even though oil prices fell back later in the day. T-note prices found underlying support Tuesday from the weak U.S. housing starts report, which suggested that high mortgage rates and high home prices are curbing homebuilder plans to build new houses. What you need to know… The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.22%.
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Oil stocks saw support as WTI crude oil prices rallied to a new 10-1/2 month high but then fell back along with oil prices later in the day. T-notes were under pressure Tuesday as a new 10-1/2 month high in oil prices put upward pressure on inflation expectations even though oil prices fell back later in the day. What you need to know… The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.22%.
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Specifically, the markets are discounting a 29% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 15% chance for that 25 bp rate hike at the following meeting that ends on December 13. What you need to know… The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.22%. There was also downward pressure from the possibilities of an expanding UAW strike and a U.S. government shutdown on September 30, as well as the restart of student loan payments on October 1.
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720315.0
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2023-09-19 00:00:00 UTC
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Tuesday Sector Laggards: Energy, Industrial
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https://www.nasdaq.com/articles/tuesday-sector-laggards%3A-energy-industrial-0
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The worst performing sector as of midday Tuesday is the Energy sector, showing a 1.3% loss. Within the sector, Marathon Petroleum Corp. (Symbol: MPC) and Halliburton Company (Symbol: HAL) are two large stocks that are lagging, showing a loss of 3.2% and 3.0%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.2% on the day, and up 10.43% year-to-date. Marathon Petroleum Corp., meanwhile, is up 38.42% year-to-date, and Halliburton Company is up 11.10% year-to-date. Combined, MPC and HAL make up approximately 7.3% of the underlying holdings of XLE.
The next worst performing sector is the Industrial sector, showing a 0.5% loss. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a loss of 2.9% and 2.5%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.6% in midday trading, and up 7.95% on a year-to-date basis. Deere & Co., meanwhile, is down 5.39% year-to-date, and Axon Enterprise Inc is up 20.61% year-to-date. Combined, DE and AXON make up approximately 4.0% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, four sectors are up on the day, while four sectors are down.
SECTOR % CHANGE
Utilities +81.0%
Consumer Products +35.7%
Healthcare +13.0%
Financial +2.1%
Technology & Communications -0.0%
Services -0.4%
Industrial -0.5%
Materials -0.5%
Energy -1.3%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
Funds Holding CLIX
Institutional Holders of CLNS
PAYX 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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Combined, DE and AXON make up approximately 4.0% of the underlying holdings of XLI. Utilities +81.0% Consumer Products +35.7% Healthcare +13.0% Financial +2.1% Technology & Communications -0.0% Services -0.4% Industrial -0.5% Materials -0.5% Energy -1.3% 10 ETFs With Stocks That Insiders Are Buying » Also see: Funds Holding CLIX Institutional Holders of CLNS PAYX 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. Combined, MPC and HAL make up approximately 7.3% of the underlying holdings of XLE.
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Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a loss of 2.9% and 2.5%, respectively. Combined, MPC and HAL make up approximately 7.3% of the underlying holdings of XLE. Deere & Co., meanwhile, is down 5.39% year-to-date, and Axon Enterprise Inc is up 20.61% year-to-date.
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Combined, MPC and HAL make up approximately 7.3% of the underlying holdings of XLE. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a loss of 2.9% and 2.5%, respectively. Deere & Co., meanwhile, is down 5.39% year-to-date, and Axon Enterprise Inc is up 20.61% year-to-date.
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Combined, MPC and HAL make up approximately 7.3% of the underlying holdings of XLE. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a loss of 2.9% and 2.5%, respectively. Deere & Co., meanwhile, is down 5.39% year-to-date, and Axon Enterprise Inc is up 20.61% year-to-date.
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720316.0
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2023-09-19 00:00:00 UTC
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Why Deere Stock Is Falling Today
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https://www.nasdaq.com/articles/why-deere-stock-is-falling-today-0
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What happened
Shares of Deere & Company (NYSE: DE) have significantly outperformed the broader markets over the past five years, but at least one analyst is concerned that the momentum might be about to fade. Shares of Deere traded down as much as 2.9% on Tuesday after the stock received a downgrade from Evercore ISI (NYSE: EVR).
So what
Deere has been on an impressive run of late. The manufacturer of agriculture and construction equipment has enjoyed a strong upgrade cycle in its core markets. That in turn has fueled a 168% gain in the stock over the past five years, more than three times what the S&P 500 has delivered.
Evercore analyst David Raso believes things get harder from here. The analyst downgraded Deere shares to perform in line with the S&P from outperform and cut his price target to $424, from $456. Raso sees potential for revenue weakness in the final months of the year.
Farm equipment production schedules are falling in Europe and Brazil, according to Raso. With retail demand expected to fall in 2024, it will likely be difficult for Deere to enjoy robust investment in new equipment.
Now what
Deere looks like a long-term winner with impressive products and a strong reputation for research into next-generation technologies, but management can do nothing to escape the cyclical nature of its end markets. Farmers tend to invest when times are good and hold back when budgets are tight, instead of buying at a steady cadence.
For long-term holders who believe in Deere, the cycle is nothing to fear. The downgrade does not suggest anything is wrong with the core business. But if Raso is correct, the coming quarters could be turbulent, and investors should brace themselves for potential headwinds.
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Lou Whiteman 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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What happened Shares of Deere & Company (NYSE: DE) have significantly outperformed the broader markets over the past five years, but at least one analyst is concerned that the momentum might be about to fade. Now what Deere looks like a long-term winner with impressive products and a strong reputation for research into next-generation technologies, but management can do nothing to escape the cyclical nature of its end markets. Farmers tend to invest when times are good and hold back when budgets are tight, instead of buying at a steady cadence.
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The manufacturer of agriculture and construction equipment has enjoyed a strong upgrade cycle in its core markets. The analyst downgraded Deere shares to perform in line with the S&P from outperform and cut his price target to $424, from $456. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Shares of Deere traded down as much as 2.9% on Tuesday after the stock received a downgrade from Evercore ISI (NYSE: EVR). 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen. What happened Shares of Deere & Company (NYSE: DE) have significantly outperformed the broader markets over the past five years, but at least one analyst is concerned that the momentum might be about to fade.
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The manufacturer of agriculture and construction equipment has enjoyed a strong upgrade cycle in its core markets. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. What happened Shares of Deere & Company (NYSE: DE) have significantly outperformed the broader markets over the past five years, but at least one analyst is concerned that the momentum might be about to fade.
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2023-09-19 00:00:00 UTC
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If You Invested $1000 in Deere a Decade Ago, This is How Much It'd Be Worth Now
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-deere-a-decade-ago-this-is-how-much-itd-be-worth-now-1
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How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Deere (DE) ten years ago? It may not have been easy to hold on to DE for all that time, but if you did, how much would your investment be worth today?
Deere's Business In-Depth
With that in mind, let's take a look at Deere's main business drivers.
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.
Beginning fiscal 2021, the company has four reportable segments. Agriculture and turf operations had been divided into two new segments:
The Production and Precision Agriculture segment (46% of equipment revenues in fiscal 2022) is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment.
The Small Agriculture and Turf segment (28% of equipment revenues in fiscal 2022) will deliver products to support mid-size and small growers and producers globally, and turf customers. It will cater to production systems for dairy and livestock, high-value crops, and turf and utility operators. Products include certain mid-size and small tractors, and hay and forage equipment, riding and commercial lawn equipment, golf course equipment, and utility vehicles.
The Construction and Forestry (26% of equipment revenues in fiscal 2022) segment manufactures machines and service parts used in construction, earthmoving, material handling and timber harvesting. Deere also manufactures and distributes road building equipment through its wholly-owned subsidiaries of the Wirtgen Group.
Deere also finances sales and leases for new and used equipment through its Financial Services segment, which generated 8% of the Deere’s revenues in fiscal 2022.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Deere a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in September 2013 would be worth $4,861.44, or a gain of 386.14%, as of September 19, 2023, according to our calculations. This return excludes dividends but includes price appreciation.
Compare this to the S&P 500's rally of 158.10% and gold's return of 35.89% over the same time frame.
Looking ahead, analysts are expecting more upside for DE.
Deere 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 woe. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds. Product launches equipped with the latest technology to make farming automated 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.
Shares have gained 5.13% over the past four weeks and there have been 12 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
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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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Agriculture and turf operations had been divided into two new segments: The Production and Precision Agriculture segment (46% of equipment revenues in fiscal 2022) is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment. Product launches equipped with the latest technology to make farming automated will continue to provide Deere with an edge over its competitors.
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Agriculture and turf operations had been divided into two new segments: The Production and Precision Agriculture segment (46% of equipment revenues in fiscal 2022) is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. The Small Agriculture and Turf segment (28% of equipment revenues in fiscal 2022) will deliver products to support mid-size and small growers and producers globally, and turf customers. 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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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. Agriculture and turf operations had been divided into two new segments: The Production and Precision Agriculture segment (46% of equipment revenues in fiscal 2022) is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. The Small Agriculture and Turf segment (28% of equipment revenues in fiscal 2022) will deliver products to support mid-size and small growers and producers globally, and turf customers.
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It may not have been easy to hold on to DE for all that time, but if you did, how much would your investment be worth today? Agriculture and turf operations had been divided into two new segments: The Production and Precision Agriculture segment (46% of equipment revenues in fiscal 2022) is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
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2023-09-18 00:00:00 UTC
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Notable Monday Option Activity: DE, COP, VFC
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-de-cop-vfc
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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 6,934 contracts have traded so far, representing approximately 693,400 underlying shares. That amounts to about 42.7% of DE's average daily trading volume over the past month of 1.6 million shares. Particularly high volume was seen for the $420 strike put option expiring November 17, 2023, with 363 contracts trading so far today, representing approximately 36,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange:
ConocoPhillips (Symbol: COP) saw options trading volume of 18,894 contracts, representing approximately 1.9 million underlying shares or approximately 42.5% of COP's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $135 strike call option expiring January 19, 2024, with 1,861 contracts trading so far today, representing approximately 186,100 underlying shares of COP. Below is a chart showing COP's trailing twelve month trading history, with the $135 strike highlighted in orange:
And VF Corp. (Symbol: VFC) saw options trading volume of 28,511 contracts, representing approximately 2.9 million underlying shares or approximately 42.2% of VFC's average daily trading volume over the past month, of 6.8 million shares. Particularly high volume was seen for the $20 strike call option expiring November 17, 2023, with 7,644 contracts trading so far today, representing approximately 764,400 underlying shares of VFC. Below is a chart showing VFC's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for DE options, COP options, or VFC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
STG YTD Return
AAIC shares outstanding history
The Cigna Group Stock Split 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 $420 strike put option expiring November 17, 2023, with 363 contracts trading so far today, representing approximately 36,300 underlying shares of DE. Especially high volume was seen for the $135 strike call option expiring January 19, 2024, with 1,861 contracts trading so far today, representing approximately 186,100 underlying shares of COP. Particularly high volume was seen for the $20 strike call option expiring November 17, 2023, with 7,644 contracts trading so far today, representing approximately 764,400 underlying shares of VFC.
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Particularly high volume was seen for the $420 strike put option expiring November 17, 2023, with 363 contracts trading so far today, representing approximately 36,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange: ConocoPhillips (Symbol: COP) saw options trading volume of 18,894 contracts, representing approximately 1.9 million underlying shares or approximately 42.5% of COP's average daily trading volume over the past month, of 4.4 million shares. Below is a chart showing COP's trailing twelve month trading history, with the $135 strike highlighted in orange: And VF Corp. (Symbol: VFC) saw options trading volume of 28,511 contracts, representing approximately 2.9 million underlying shares or approximately 42.2% of VFC's average daily trading volume over the past month, of 6.8 million shares.
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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 6,934 contracts have traded so far, representing approximately 693,400 underlying shares. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange: ConocoPhillips (Symbol: COP) saw options trading volume of 18,894 contracts, representing approximately 1.9 million underlying shares or approximately 42.5% of COP's average daily trading volume over the past month, of 4.4 million shares. Below is a chart showing COP's trailing twelve month trading history, with the $135 strike highlighted in orange: And VF Corp. (Symbol: VFC) saw options trading volume of 28,511 contracts, representing approximately 2.9 million underlying shares or approximately 42.2% of VFC's average daily trading volume over the past month, of 6.8 million shares.
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Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange: ConocoPhillips (Symbol: COP) saw options trading volume of 18,894 contracts, representing approximately 1.9 million underlying shares or approximately 42.5% of COP's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $135 strike call option expiring January 19, 2024, with 1,861 contracts trading so far today, representing approximately 186,100 underlying shares of COP. Particularly high volume was seen for the $20 strike call option expiring November 17, 2023, with 7,644 contracts trading so far today, representing approximately 764,400 underlying shares of VFC.
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2023-09-18 00:00:00 UTC
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The 3 Most Undervalued Industrial Stocks to Buy in September 2023
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https://www.nasdaq.com/articles/the-3-most-undervalued-industrial-stocks-to-buy-in-september-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
According to Morningstar, industrial stocks are affiliated with companies that manufacture machinery, handheld tools, industrial products, aerospace, defense and transportation. The best industrial stocks to buy are those that are heavily exposed to the energy revolution, U.S. economic growth, government infrastructure spending and the onshoring trend. The latter term refers to American companies’ recent tendency to relocate their factories to America. And with many farmers prospering tremendously amid very high food prices, buying the shares of farm equipment makers also makes a great deal of sense. The following greatly undervalued industrial stocks have a great deal of exposure to one or more of those trends.
Quanta Services (PWR)
Source: Proxima Studio / Shutterstock.com
Quanta (NYSE:PWR) builds infrastructure, electrical power stations, facilities for renewable energy and natural gas transmission.
Consequently, the company is very well-positioned to benefit from the shift to electrified transportation. Quanta will therefore see an increased need in their services in the forms of energy transmission and additional power grids. Additionally, Quanta will be helped by the tremendous amount of money that will be spent on renewable energy facilities.
Quanta has taken on two huge renewable energy products in SunZia Transmission and SunZia Wind. The company was selected to transmit wind power generated in New Mexico to power-hungry states in the Western U.S. Cumulatively, the two initiatives ” represent the largest clean energy infrastructure project in United States history,” Quanta reported.
Quanta will doubtlessly generate a great deal of revenue and profits from these projects and will probably be chosen to carry out many more like them.
Despite these powerful, positive catalysts, PWR stock only has a forward price-earnings ratio of 23.25 which is about average for the S&P 500. As a result, it’s definitely one of the most undervalued industrial stocks.
Manitowoc (MTW)
Source: Shutterstock
Construction equipment provider, Manitowoc (NYSE:MTW), is well-positioned to benefit from strong U.S. economic growth.
Barron’s noticed that, in previous weeks, industrial stocks had retreated. The hypothesis was that, if the Fed stopped raising its rates, the industrial sector and the American economy could continue their expansion.
Barron’s also noted that undervalued industrial stocks can get a lift from the current, high level of infrastructure spending by the U.S. government. The American economy does indeed look set to continue growing, as retail sales expanded significantly again last month. The Atlanta Fed predicts that the U.S. economy will grow by a very impressive 5.8% this quarter. Meanwhile, most market observers now believe that the Fed is done or almost finished raising rates.
Barron’s named Caterpillar (NYSE:CAT) as one of the stocks that can benefit from these trends. Mantiwoc also sells construction equipment and equipment used to expand infrastructure. The company is also well-positioned to benefit from the current high oil prices due to its marketing oil exploration equipment. MTW has a very low forward price-earnings ratio of 9.8.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
Deere (NYSE:DE) markets farming equipment. As a result, the company is benefiting from high food prices which is incentivizing farmers to harvest more crops.
Last quarter, Deere’s revenue jumped 12% versus the same period a year earlier. Its net income also soared an incredible 58% year-over-year to $2.98 billion.
“Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement,” said CEO John C. May in a statement.
DE stock has a very low forward price-earnings ratio of 12.4.
On the date of publication, Larry Ramer 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.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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The post The 3 Most Undervalued Industrial Stocks to Buy in September 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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And with many farmers prospering tremendously amid very high food prices, buying the shares of farm equipment makers also makes a great deal of sense. “Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement,” said CEO John C. May in a statement. InvestorPlace - Stock Market News, Stock Advice & Trading Tips According to Morningstar, industrial stocks are affiliated with companies that manufacture machinery, handheld tools, industrial products, aerospace, defense and transportation.
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Manitowoc (MTW) Source: Shutterstock Construction equipment provider, Manitowoc (NYSE:MTW), is well-positioned to benefit from strong U.S. economic growth. Deere (DE) Source: Jim Lambert / Shutterstock.com Deere (NYSE:DE) markets farming equipment. InvestorPlace - Stock Market News, Stock Advice & Trading Tips According to Morningstar, industrial stocks are affiliated with companies that manufacture machinery, handheld tools, industrial products, aerospace, defense and transportation.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips According to Morningstar, industrial stocks are affiliated with companies that manufacture machinery, handheld tools, industrial products, aerospace, defense and transportation. The latter term refers to American companies’ recent tendency to relocate their factories to America. And with many farmers prospering tremendously amid very high food prices, buying the shares of farm equipment makers also makes a great deal of sense.
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As a result, it’s definitely one of the most undervalued industrial stocks. Deere (DE) Source: Jim Lambert / Shutterstock.com Deere (NYSE:DE) markets farming equipment. InvestorPlace - Stock Market News, Stock Advice & Trading Tips According to Morningstar, industrial stocks are affiliated with companies that manufacture machinery, handheld tools, industrial products, aerospace, defense and transportation.
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2023-09-18 00:00:00 UTC
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The 7 Most Undervalued Retirement Stocks to Buy in a September 2023
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https://www.nasdaq.com/articles/the-7-most-undervalued-retirement-stocks-to-buy-in-a-september-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
No matter where you are in your investment journey, saving for retirement is probably one of your top goals. That’s why there’s never a bad time to look for undervalued retirement stocks.
The good news is that advancements in medicine mean you have a longer life expectancy. The bad news is that the amount you’ll need to save for a comfortable retirement (however you define that) is higher than in earlier generations.
Therefore, the stocks that you choose when investing for your retirement need to deliver growth and value. You want to buy companies that are still growing earnings so you can get some stock price appreciation.
You’ll also want to consider companies that offer reliable dividends that you can reinvest now and use as a source of income later.
To choose the stocks in this article, I looked at large-cap companies with a beta of 1 or lower. In addition, I looked for companies with a price-to-earnings ratio of 27 or less and a history of delivering both share price growth and dividend growth.
Deere & Company (DE)
Source: mark stephens photography / Shutterstock.com
With a stock price of over $400, some investors may feel that there’s not much growth left in Deere & Company (NYSE:DE). But this wouldn’t be the first time that the company has proven naysayers wrong.
The company is taking the lead in bringing technology, including artificial intelligence (AI) to its customer base. It’s an example of an iconic company still making the investments to make it relevant for years to come. That’s a good recipe for a retirement stock.
And it also appears to be undervalued. DE stock is down 4.2% in 2023 and 6.2% in the last month alone. This may be a case of investors taking some profits after a strong run-up for the stock in late 2022.
However, the company’s year-over-year revenue and earnings continue to grow, a fact that may not be fully priced into DE stock.
The dividend has a yield of just 1.3%. But with a 15% payout ratio, that dividend looks very safe and has room to grow with earnings. Plus, Deere has increased its dividend for the last three years and it currently pays $5.40 per share annually.
Lockheed Martin (LMT)
Source: Ken Wolter / Shutterstock.com
Lockheed Martin (NYSE:LMT) is another example of a high-priced, blue-chip stock that still offers good value for investors.
The company is the leading United States defense contractor, both in revenue and in market cap.
To put that into perspective, the company receives three times more revenue in contracts from the Pentagon than the second-place company. There are few line items in the U.S. budget more secure than defense spending.
As of this writing, LMT stock trades hands at around $438 per share. That’s down 12.8% for the year and 5.7% in the last month alone. Viewed through the wider lens, the stock has grown 25% in the last five years.
Lockheed Martin is well on its way to becoming a Dividend Aristocrat. The company has increased its dividend for 20 consecutive years and is maintaining a 43.8% payout ratio. The dividend also richly rewards shareholders with an annual payout per share of $12.
Hershey’s (HSY)
Source: George Sheldon / Shutterstock.com
Hershey’s (NYSE:HSY) stock has sold off since hitting an all-time high in May 2023. In fact, HSY stock is down 19.5% in the last three months. A short-term sell-off was something that concerned me when I listed Hershey among my stocks to sell in July.
However, investing for retirement means taking a long-term view. The company’s earnings report showed YOY revenue and earnings growth.
The company has products that consumers will continue to pay for even when confronted with sticky inflation. That will be important as Hershey’s will probably face higher producer costs.
Even after the sell-off, HSY stock is up over 105% in the last five years. Earnings are expected to grow by 7% in the next year.
The stock is sitting near its 52-week low with analysts giving the stock a 25% upside. Investors also get a sweet dividend that has been growing for 14 consecutive years and has a yield around 2.25%.
Caterpillar (CAT)
Source: astudio / Shutterstock.com
Like the previously mentioned Deere & Company, Caterpillar (NYSE:CAT) is another iconic blue-chip company that is making itself relevant in an AI world. The company is on the leading edge of AI as it relates to the
In the last five years, CAT stock is up more than 80%. Unlike some stocks on this list, it’s trading near 52-week highs, not lows.
It makes this list of undervalued retirement stocks because there’s still value to be unearthed. For starters, the company should post 7% earnings growth in the next 12 months.
The company has also been one of the leading beneficiaries of the Inflation Reduction Act. The looming budget shutdown may threaten some government spending. But politicians will be careful not to cut out too many infrastructure projects as we get ready to enter an election year.
Long-term investors get a Dividend Aristocrat that has raised its dividend for 31 consecutive years, sports a safe payout ratio of around 31% and pays out $5.20 per share annually.
General Mills (GIS)
Source: designs by Jack / Shutterstock.com
When you think of retirement stocks, consumer staples stocks come to mind. And General Mills (NYSE:GIS) looks like a great choice in this sector.
In a familiar theme, GIS stock is down 22% for the year, because of a sharp sell-off since the stock reached an all-time high in May.
The concern is that consumers will continue to trade down to private label brands and away from the name brands in the General Mills portfolio.
So far, that hasn’t been the case. In its last quarter, the company posted a small YOY revenue gain, but earnings were flat over the same period.
This is about finding undervalued retirement stocks, and General Mills fits that description. The stock is up 49% in the last five years and also pays a dividend with a yield of 3.55%.
That’s well above the sector average of 1.9%. This isn’t a stock for investors looking to get rich quickly. This is an ideal choice to build wealth slowly for your retirement.
Crown Castle (CCI)
Source: Vitalii Vodolazskyi / Shutterstock
Crown Castle (NYSE:CCI) specializes in providing a network of cell towers and fiber-optic cable. This is critical to the continuing build-out of 5G infrastructure. The company has been disappointing on earnings in the last 12 months as higher interest rates put pressure on its capital-intensive business.
But back to the dividend. Crown Castle issues its dividend quarterly and that dividend has a yield of 6.36%. There’s some concern about the sustainability of that dividend. However, other voices suggest the dividend is in-line with other REITs.
That’s for you to decide. However, consider that CCI stock is down more than 50% from its December 2021 all-time highs. And analysts project a 45% upside in the next 12 to 18 months.
Extra Space Storage (EXR)
Source: Ken Wolter / Shutterstock.com
When you think of a REIT, Extra Space Storage (NYSE:EXR) is the type of business that comes to mind. The company focuses on a specific niche, public self-storage units.
EXR continues to report a 95% occupancy level. That’s significant because what REITs may lack in growth, they make up for in consistency.
With Extra Space Storage, that consistency shows up in its revenue and earnings. So why is the stock down so sharply from 2021?
It’s likely that investors cycled out of value stocks in search for some growth, and REITs got left behind.
However, that makes the case for Extra Space Storage as one of the most undervalued retirement stocks very well. It’s also good news for income-oriented investors who can buy EXR stock while it’s down 34% in the last 12 months and 15% in 2023 alone.
On the date of publication, Chris Markoch 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.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
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The post The 7 Most Undervalued Retirement Stocks to Buy in a September 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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The bad news is that the amount you’ll need to save for a comfortable retirement (however you define that) is higher than in earlier generations. However, the company’s year-over-year revenue and earnings continue to grow, a fact that may not be fully priced into DE stock. That’s why there’s never a bad time to look for undervalued retirement stocks.
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Caterpillar (CAT) Source: astudio / Shutterstock.com Like the previously mentioned Deere & Company, Caterpillar (NYSE:CAT) is another iconic blue-chip company that is making itself relevant in an AI world. That’s why there’s never a bad time to look for undervalued retirement stocks. The bad news is that the amount you’ll need to save for a comfortable retirement (however you define that) is higher than in earlier generations.
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Deere & Company (DE) Source: mark stephens photography / Shutterstock.com With a stock price of over $400, some investors may feel that there’s not much growth left in Deere & Company (NYSE:DE). General Mills (GIS) Source: designs by Jack / Shutterstock.com When you think of retirement stocks, consumer staples stocks come to mind. That’s why there’s never a bad time to look for undervalued retirement stocks.
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However, the company’s year-over-year revenue and earnings continue to grow, a fact that may not be fully priced into DE stock. That’s why there’s never a bad time to look for undervalued retirement stocks. The bad news is that the amount you’ll need to save for a comfortable retirement (however you define that) is higher than in earlier generations.
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2023-09-15 00:00:00 UTC
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HSBC Initiates Coverage of Deere (DE) with Buy Recommendation
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https://www.nasdaq.com/articles/hsbc-initiates-coverage-of-deere-de-with-buy-recommendation
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Fintel reports that on September 15, 2023, HSBC initiated coverage of Deere (NYSE:DE) with a Buy recommendation.
Analyst Price Forecast Suggests 12.85% Upside
As of August 31, 2023, the average one-year price target for Deere is 464.59. The forecasts range from a low of 391.88 to a high of $578.55. The average price target represents an increase of 12.85% from its latest reported closing price of 411.68.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 10.14%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
What is the Fund Sentiment?
There are 3163 funds or institutions reporting positions in Deere. This is a decrease of 102 owner(s) or 3.12% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.48%, a decrease of 11.12%. Total shares owned by institutions decreased in the last three months by 8.20% to 221,697K shares.
The put/call ratio of DE is 1.30, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,409K shares representing 4.31% ownership of the company. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. The firm increased its portfolio allocation in DE by 562.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,319K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing an increase of 0.75%. The firm decreased its portfolio allocation in DE by 8.77% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,420K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 6,310K shares, representing an increase of 1.72%. The firm decreased its portfolio allocation in DE by 9.56% over the last quarter.
Wellington Management Group Llp holds 5,346K shares representing 1.86% ownership of the company. In it's prior filing, the firm reported owning 5,232K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in DE by 4.31% over the last quarter.
Bank Of America holds 5,246K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 5,055K shares, representing an increase of 3.64%. The firm increased its portfolio allocation in DE by 307.49% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
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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Fintel reports that on September 15, 2023, HSBC initiated coverage of Deere (NYSE:DE) with a Buy recommendation. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,319K shares representing 2.89% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,420K shares representing 2.23% ownership of the company. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,319K shares representing 2.89% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,420K shares representing 2.23% ownership of the company.
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Analyst Price Forecast Suggests 12.85% Upside As of August 31, 2023, the average one-year price target for Deere is 464.59. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,420K shares representing 2.23% ownership of the company.
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2023-09-14 00:00:00 UTC
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Deere Breaks Above 200-Day Moving Average - Bullish for DE
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https://www.nasdaq.com/articles/deere-breaks-above-200-day-moving-average-bullish-for-de
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $407.85, changing hands as high as $410.77 per share. Deere & Co. shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $409.18. The DE DMA information above was sourced from TechnicalAnalysisChannel.com
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
Also see:
DKL Price Target
Epam Systems RSI
WINR YTD Return
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 trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $407.85, changing hands as high as $410.77 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $409.18. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: DKL Price Target Epam Systems RSI WINR YTD Return 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 trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $407.85, changing hands as high as $410.77 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $409.18. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: DKL Price Target Epam Systems RSI WINR YTD Return 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 trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $407.85, changing hands as high as $410.77 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $409.18. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: DKL Price Target Epam Systems RSI WINR YTD Return 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 trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $407.85, changing hands as high as $410.77 per share. Deere & Co. shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $409.18.
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2023-09-14 00:00:00 UTC
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1 Spectacular Cathie Wood Dividend Stock to Buy Now in September
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https://www.nasdaq.com/articles/1-spectacular-cathie-wood-dividend-stock-to-buy-now-in-september
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Fool.com contributor Parkev Tatevosian highlights one of his favorite dividend stocks that Cathie Wood owns.
*Stock prices used were the afternoon prices of Sept. 11, 2023. The video was published on Sept. 13, 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 September 11, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere. 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 one of his favorite dividend stocks that Cathie Wood owns. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on Sept. 13, 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 Deere. Fool.com contributor Parkev Tatevosian highlights one of his favorite dividend stocks that Cathie Wood owns.
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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. Fool.com contributor Parkev Tatevosian highlights one of his favorite dividend stocks that Cathie Wood owns.
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The Motley Fool recommends Deere. Fool.com contributor Parkev Tatevosian highlights one of his favorite dividend stocks that Cathie Wood owns. The video was published on Sept. 13, 2023.
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e3a47109-eafe-42df-958f-7b9d27716bf4
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720324.0
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2023-09-12 00:00:00 UTC
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Apogee (APOG) to Report Q2 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/apogee-apog-to-report-q2-earnings%3A-whats-in-the-cards
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nan
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Apogee Enterprises, Inc. APOG is slated to release second-quarter fiscal 2024 results on Sept 19, before the opening bell.
Which Way Are Estimates Headed?
The Zacks Consensus Estimate for Apogee’s earnings per share is pegged at $1.01 for the fiscal second quarter, suggesting a fall of 4.7% from the prior-year quarter's reported figure. The consensus estimate has been unchanged over the past 60 days. The same for revenues is pegged at $366.5 million, indicating a 1.5% year-over-year decline.
Apogee Enterprises, Inc. Price and EPS Surprise
Apogee Enterprises, Inc. price-eps-surprise | Apogee Enterprises, Inc. Quote
Let’s see how things are shaping up for this announcement.
Factors at Play
Apogee’s fiscal second-quarter performance is likely to have benefited from the ongoing momentum in the Architectural Glass segment witnessed over the past three quarters. The impacts of improved pricing and product mix (reflecting the company’s strategic shift toward more premium products) are likely to get reflected in the segment’s top-line results in the quarter under review. Our model predicts the segment’s revenues to increase 9.7% year over year to $84.9 million.
The segment is also likely to have registered productivity gains from its Lean program. These gains, along with higher pricing, are expected to have helped offset inflation. We expect the segment’s adjusted operating income to grow 51.8% from the prior-year figure to $9.8 million.
The Architectural Framing Systems segment is expected to reflect gains from pricing actions and the benefits of completed restructuring and cost-saving actions. However, inflationary pressures, supply-chain disruptions and labor constraints are expected to have negatively impacted the segment’s performance.
We expect the segment’s quarterly revenues to be $171 million, suggesting a dip of 1% from the year-ago reported figure. Our model predicts Architectural Framing Systems’ adjusted operating income to be $18.8 million, indicating a year-over-year decline of 8.4%.
The Architectural Services segment's revenues are pegged at $100 million, indicating a year-over-year decline of 6.1%. The segment’s results will likely reflect the impacts of lower volumes from project executions. We predict the segment’s adjusted operating income to grow 55.9% year over year to $8.6 million.
The Large-Scale Optical segment’s results are likely to reflect lower volumes and customer inventory destocking. We predict net sales of $25.3 million, suggesting year-over-year growth of 0.5%. Our model predicts the segment's adjusted operating income to fall 2.7% to $5.8 million.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for Apogee this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Apogee is 0.00%.
Zacks Rank: Apogee currently carries a Zacks Rank of 4 (Sell).
Price Performance
The company’s shares have gained 17.3% in the past year compared with the industry’s 8.8% growth.
Image Source: Zacks Investment Research
Stocks to Consider
Here are some stocks that have the right combination of elements to post an earnings beat this quarter.
Cadre Holdings, Inc. CDRE is expected to release its third-quarter 2023 results on Nov 9. It has an Earnings ESP of +0.31% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 22 cents per share, suggesting growth of 69.2% from the prior-year quarter’s reported figure. It has a trailing four-quarter average surprise of 16.1%.
Eaton Corporation plc ETN, expected to release earnings on Nov 7, has an Earnings ESP of +0.65%.
The consensus estimate for Eaton’s earnings for the third quarter is pegged at $2.33 per share. ETN currently carries a Zacks Rank of 2. It has a trailing four-quarter average surprise of 3%
Deere & Company DE, expected to release earnings on Nov 22, has an Earnings ESP of +0.20% and a Zacks Rank of 3.
The Zacks Consensus Estimate for Deere’s fiscal fourth-quarter earnings is pegged at $7.55 per share, suggesting a year-over-year improvement of 1.5%. It has a trailing four-quarter average surprise of 15.4%
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Apogee Enterprises, Inc. (APOG) : Free Stock Analysis Report
Cadre Holdings, Inc. (CDRE) : 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 fiscal fourth-quarter earnings is pegged at $7.55 per share, suggesting a year-over-year improvement of 1.5%. Which Way Are Estimates Headed? The same for revenues is pegged at $366.5 million, indicating a 1.5% year-over-year decline.
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Our model predicts Architectural Framing Systems’ adjusted operating income to be $18.8 million, indicating a year-over-year decline of 8.4%. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Apogee Enterprises, Inc. (APOG) : Free Stock Analysis Report Cadre Holdings, Inc. (CDRE) : Free Stock Analysis Report To read this article on Zacks.com click here. Which Way Are Estimates Headed?
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Deere & Company DE, expected to release earnings on Nov 22, has an Earnings ESP of +0.20% and a Zacks Rank of 3. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Apogee Enterprises, Inc. (APOG) : Free Stock Analysis Report Cadre Holdings, Inc. (CDRE) : Free Stock Analysis Report To read this article on Zacks.com click here. Which Way Are Estimates Headed?
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Image Source: Zacks Investment Research Stocks to Consider Here are some stocks that have the right combination of elements to post an earnings beat this quarter. Deere & Company DE, expected to release earnings on Nov 22, has an Earnings ESP of +0.20% and a Zacks Rank of 3. Which Way Are Estimates Headed?
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3135b786-2edd-48ef-bfb0-01a1fc83b0c3
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720325.0
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2023-09-12 00:00:00 UTC
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Which Is A Better Pick – Honeywell Stock Or Amgen?
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https://www.nasdaq.com/articles/which-is-a-better-pick-honeywell-stock-or-amgen
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We believe that Honeywell stock (NYSE: HON) and Amgen stock (NASDAQ: AMGN) will offer little returns in the next three years. Although these companies are from different sectors, we compare them because they have a similar market capitalization of $130 billion to $140 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 AMGN have had a Sharpe Ratio of 0.3 since early 2017, lower than 0.6 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.3 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 14% this year, AMGN is down 3%, and the S&P500 index is up 16%. There is more to the comparison, and in the sections below, we discuss the possible returns for HON and AMGN 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. Amgen: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Amgen’s Revenue Growth Is Better
Amgen’s revenue growth has been better, with a 4.1% 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 now 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.
Amgen’s expansion of some of its drugs, including Prolia, Otezla, Tezspire, and Repatha, is driving its revenue growth, while some of the older drugs, such as Enbrel and Neulasta, are seeing a y-o-y decline in sales.
If we look at the last twelve-month period revenues, Honeywell has fared better with 4.9% sales growth, while Amgen saw its revenue rise by 0.8%.
Our Honeywell Revenue Comparison and Amgen Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, revenue for both Honeywell and Amgen are expected to grow in low single-digits.
2. Amgen Is More Profitable
Honeywell’s operating margin has slid slightly from 18.7% in 2019 to 18.1% in 2022, while Amgen’s operating margin declined from 41.4% to 36.3% over this period.
Looking at the last twelve-month period, Amgen’s operating margin of 35.7% fares better than 19.7% for Honeywell.
Our Honeywell Operating Income Comparison and Amgen Operating Income Comparison dashboards have more details.
Looking at financial risk, both are comparable. Honeywell’s 17% debt as a percentage of equity is lower than 45% for Amgen, and its 14% cash as a percentage of assets is lower than 38% for the latter, implying that Honeywell has a better debt position, but Amgen has more cash cushion.
3. The Net of It All
We see that Amgen has demonstrated better revenue growth, is more profitable, and has more cash cushion. On the other hand, Honeywell 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 both companies will offer similar returns of 1%-3% in the next three years.
The table below summarizes our revenue and return expectations for both companies over the next three years based on Trefis Machine Learning analysis – Honeywell vs. Amgen – which also provides more details on how we arrive at these numbers.
Honeywell’s stock trades at 3.4x revenues, aligning with its last five-year average, and Amgen’s stock trades at 5.1x revenues, also aligning with its last five-year average.
Our Honeywell (HON) Valuation Ratios Comparison and Amgen (AMGN) Valuation Ratios Comparison have more details.
While HON and AMGN may offer little returns 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.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Honeywell vs. Amkor.
With higher inflation and the Fed raising interest rates, among other factors, HON stock has seen a fall of 14% this year. Can it drop more? See how low Honeywell stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
Returns Sep 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HON Return -2% -14% 66%
AMGN Return -1% -3% 74%
S&P 500 Return -1% 16% 99%
Trefis Reinforced Value Portfolio -2% 29% 562%
[1] Month-to-date and year-to-date as of 9/8/2023
[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. The table below summarizes our revenue and return expectations for both companies over the next three years based on Trefis Machine Learning analysis – Honeywell vs. Amgen – which also provides more details on how we arrive at these numbers. 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 Operating Income Comparison and Amgen Operating Income Comparison dashboards have more details. Honeywell’s stock trades at 3.4x revenues, aligning with its last five-year average, and Amgen’s stock trades at 5.1x revenues, also aligning with its last five-year average. Our Honeywell (HON) Valuation Ratios Comparison and Amgen (AMGN) Valuation Ratios Comparison have more details.
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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 AMGN have had a Sharpe Ratio of 0.3 since early 2017, lower than 0.6 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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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 AMGN have had a Sharpe Ratio of 0.3 since early 2017, lower than 0.6 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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6d084856-ecec-49b9-a5c0-b3aa6d98b7a8
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720326.0
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2023-09-10 00:00:00 UTC
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Best Dividend Stock to Buy: Coca-Cola Stock vs. Deere Stock
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DE
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https://www.nasdaq.com/articles/best-dividend-stock-to-buy%3A-coca-cola-stock-vs.-deere-stock
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Fool.com contributor Parkev Tatevosian compares Coca-Cola (NYSE: KO) and Deere (NYSE: DE) from the perspective of dividend stock investors to determine which is the better buy right now.
*Stock prices used were the afternoon prices of Sept. 6, 2023. The video was published on Sept. 8, 2023.
10 stocks we like better than Coca-Cola
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 Coca-Cola 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 September 5, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere and recommends the following options: long January 2024 $47.50 calls on Coca-Cola. 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. Fool.com contributor Parkev Tatevosian compares Coca-Cola (NYSE: KO) and Deere (NYSE: DE) from the perspective of dividend stock investors to determine which is the better buy right now. The video was published on Sept. 8, 2023.
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Fool.com contributor Parkev Tatevosian compares Coca-Cola (NYSE: KO) and Deere (NYSE: DE) from the perspective of dividend stock investors to determine which is the better buy right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends Deere and recommends the following options: long January 2024 $47.50 calls on Coca-Cola.
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Fool.com contributor Parkev Tatevosian compares Coca-Cola (NYSE: KO) and Deere (NYSE: DE) from the perspective of dividend stock investors to determine which is the better buy right now. The video was published on Sept. 8, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Fool.com contributor Parkev Tatevosian compares Coca-Cola (NYSE: KO) and Deere (NYSE: DE) from the perspective of dividend stock investors to determine which is the better buy right now. The video was published on Sept. 8, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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61ff79f1-e97d-4c94-8f07-cdcf0d2a18a1
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720327.0
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2023-09-08 00:00:00 UTC
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Noteworthy Friday Option Activity: DE, HUM, LRN
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DE
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-de-hum-lrn
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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 8,432 contracts have traded so far, representing approximately 843,200 underlying shares. That amounts to about 51.3% of DE's average daily trading volume over the past month of 1.6 million shares. Particularly high volume was seen for the $410 strike put option expiring November 17, 2023, with 475 contracts trading so far today, representing approximately 47,500 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange:
Humana Inc. (Symbol: HUM) saw options trading volume of 4,158 contracts, representing approximately 415,800 underlying shares or approximately 49.6% of HUM's average daily trading volume over the past month, of 838,995 shares. Particularly high volume was seen for the $445 strike put option expiring October 27, 2023, with 570 contracts trading so far today, representing approximately 57,000 underlying shares of HUM. Below is a chart showing HUM's trailing twelve month trading history, with the $445 strike highlighted in orange:
And Stride Inc (Symbol: LRN) options are showing a volume of 2,225 contracts thus far today. That number of contracts represents approximately 222,500 underlying shares, working out to a sizeable 49% of LRN's average daily trading volume over the past month, of 453,690 shares. Particularly high volume was seen for the $44 strike call option expiring September 15, 2023, with 800 contracts trading so far today, representing approximately 80,000 underlying shares of LRN. Below is a chart showing LRN's trailing twelve month trading history, with the $44 strike highlighted in orange:
For the various different available expirations for DE options, HUM options, or LRN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Gilead Sciences shares outstanding history
STN Average Annual Return
Institutional Holders of JPW
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 $410 strike put option expiring November 17, 2023, with 475 contracts trading so far today, representing approximately 47,500 underlying shares of DE. Particularly high volume was seen for the $445 strike put option expiring October 27, 2023, with 570 contracts trading so far today, representing approximately 57,000 underlying shares of HUM. Particularly high volume was seen for the $44 strike call option expiring September 15, 2023, with 800 contracts trading so far today, representing approximately 80,000 underlying shares of LRN.
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Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: Humana Inc. (Symbol: HUM) saw options trading volume of 4,158 contracts, representing approximately 415,800 underlying shares or approximately 49.6% of HUM's average daily trading volume over the past month, of 838,995 shares. Below is a chart showing HUM's trailing twelve month trading history, with the $445 strike highlighted in orange: And Stride Inc (Symbol: LRN) options are showing a volume of 2,225 contracts thus far today. Below is a chart showing LRN's trailing twelve month trading history, with the $44 strike highlighted in orange: For the various different available expirations for DE options, HUM options, or LRN 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 8,432 contracts have traded so far, representing approximately 843,200 underlying shares. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: Humana Inc. (Symbol: HUM) saw options trading volume of 4,158 contracts, representing approximately 415,800 underlying shares or approximately 49.6% of HUM's average daily trading volume over the past month, of 838,995 shares. Below is a chart showing LRN's trailing twelve month trading history, with the $44 strike highlighted in orange: For the various different available expirations for DE options, HUM options, or LRN options, visit StockOptionsChannel.com.
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Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: Humana Inc. (Symbol: HUM) saw options trading volume of 4,158 contracts, representing approximately 415,800 underlying shares or approximately 49.6% of HUM's average daily trading volume over the past month, of 838,995 shares. That number of contracts represents approximately 222,500 underlying shares, working out to a sizeable 49% of LRN's average daily trading volume over the past month, of 453,690 shares. Below is a chart showing LRN's trailing twelve month trading history, with the $44 strike highlighted in orange: For the various different available expirations for DE options, HUM options, or LRN options, visit StockOptionsChannel.com.
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ca7b58bf-1df0-4517-8402-a691a7e220e7
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720328.0
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2023-09-08 00:00:00 UTC
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Noteworthy ETF Inflows: VONG, NFLX, BKNG, DE
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-vong-nflx-bkng-de
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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 Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $252.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 184,756,844 to 188,281,844). Among the largest underlying components of VONG, in trading today Netflix Inc (Symbol: NFLX) is up about 0.1%, Booking Holdings Inc (Symbol: BKNG) is up about 1.3%, and Deere & Co. (Symbol: DE) is lower by about 0.9%. For a complete list of holdings, visit the VONG Holdings page » The chart below shows the one year price performance of VONG, versus its 200 day moving average:
Looking at the chart above, VONG's low point in its 52 week range is $51.98 per share, with $73.80 as the 52 week high point — that compares with a last trade of $71.97. 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 had notable inflows »
Also see:
ETF Finder
Institutional Holders of MYND
AGG 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. Click here to find out which 9 other ETFs had notable inflows » Also see: ETF Finder Institutional Holders of MYND AGG 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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Among the largest underlying components of VONG, in trading today Netflix Inc (Symbol: NFLX) is up about 0.1%, Booking Holdings Inc (Symbol: BKNG) is up about 1.3%, and Deere & Co. (Symbol: DE) is lower by about 0.9%. For a complete list of holdings, visit the VONG Holdings page » The chart below shows the one year price performance of VONG, versus its 200 day moving average: Looking at the chart above, VONG's low point in its 52 week range is $51.98 per share, with $73.80 as the 52 week high point — that compares with a last trade of $71.97. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $252.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 184,756,844 to 188,281,844).
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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 Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $252.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 184,756,844 to 188,281,844). For a complete list of holdings, visit the VONG Holdings page » The chart below shows the one year price performance of VONG, versus its 200 day moving average: Looking at the chart above, VONG's low point in its 52 week range is $51.98 per share, with $73.80 as the 52 week high point — that compares with a last trade of $71.97. 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 Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $252.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 184,756,844 to 188,281,844). Among the largest underlying components of VONG, in trading today Netflix Inc (Symbol: NFLX) is up about 0.1%, Booking Holdings Inc (Symbol: BKNG) is up about 1.3%, and Deere & Co. (Symbol: DE) is lower by about 0.9%. 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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7485ae7a-44c0-4de9-8a71-80e269663d9c
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720329.0
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2023-09-06 00:00:00 UTC
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5 Stocks With Recent Dividend Hikes Amid Market Volatility
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DE
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https://www.nasdaq.com/articles/5-stocks-with-recent-dividend-hikes-amid-market-volatility
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nan
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August turned out to be the worst month for Wall Street in 2023, with stocks taking a battering as investors remained uncertain about the Fed’s future course of action with its interest rate hikes.
A series of data released in the last week of August indicates that the economy is softening with the labor market finally starting to cool. This has raised hopes that the weak economic data may pose a barrier for the Fed to hike interest rates in its upcoming September FOMC meeting.
However, the minutes of the Fed’s July FOMC meeting hint at more interest rate hikes in the near term. A majority of central bank officials are in favor of further interest rate hikes as inflation remains elevated and well above the Fed’s 2% target.
The Fed’s hawkish stance has made market participants scramble for direction, which has seen stocks suffer in September as well. On Sep 6, all three major indexes once again ended in the red. The Dow, the S&P 500 and the Nasdaq ended 0.6%, 0.4% and 0.1%, down, respectively.
Even if the central bank keeps interest rates unaltered in its September meeting, more rate hikes are likely in the coming months, as indicated by Fed Chair Jerome Powell in his speech at the Jackson Hole Annual Policy Symposium last month. “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective,” he said.
This is likely to keep markets volatile for an extended period, or at least till investors get a clear picture of when the Fed plans to end its monetary tightening cycle. Moreover, the first interest rate cut is unlikely before 2025, although some believe it might take place sometime in late 2024.
Stocks in Focus
Given this situation, opting to invest in dividend-paying stocks would be a prudent choice. The ability of dividend stocks to withstand market volatility is attributed to their sound business strategy and track record. An astute investor should thus want to focus on stocks that have recently increased their dividend payouts. Five such stocks are Summit Financial Group, Inc. SMMF,Greif, Inc. GEF,Bank of Montreal BMO,Avnet, Inc. AVT and Deere & Company DE.
Summit Financial Group, Inc. provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the central region of Kentucky, through its bank subsidiary, Summit Community Bank, Inc. SMMF currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
On Aug 25, Summit Financial Group declared that its shareholders would receive a dividend of $0.22 a share on Sep 29, 2023. SMMF has a dividend yield of 3.23%. Over the past five years, Summit Financial Group has increased its dividend six times, and its payout ratio at present sits at 21% of earnings.Check Summit Financial Group’s dividend history here.
Summit Financial Group, Inc. Dividend Yield (TTM)
Summit Financial Group, Inc. dividend-yield-ttm | Summit Financial Group, Inc. Quote
Greif, Inc. is a leading global producer of industrial packaging products and services with manufacturing facilities located in over 40 countries. GEF offers a comprehensive line of rigid industrial packaging products and containerboard and corrugated products for niche markets in North America. Greif is also a leading global producer of flexible intermediate bulk containers.
On Aug 29, Greif announced that its shareholders would receive a dividend of $0.52 a share on Oct 1, 2023. GEF has a dividend yield of 2.75%. Over the past five years, Greif has increased its dividend four times, and its payout ratio at present sits at 29% of earnings. Check Greif’s dividend history here.
Greif, Inc. Dividend Yield (TTM)
Greif, Inc. dividend-yield-ttm | Greif, Inc. Quote
Bank of Montreal is one of the largest banks in North America and one of Canada's oldest banks. BMO offers a complete range of financial services in chosen markets on both sides of the Canada-United States border. Bank of Montreal offers not just financial products, but knowledge-based solutions, custom-made to add value to its clients’ financial affairs.
On Aug 29, Bank of Montreal declared that its shareholders would receive a dividend of $1.11 a share on Nov 28, 2023. BMO has a dividend yield of 5.16%. Over the past five years, Bank of Montreal has increased its dividend 15 times, and its payout ratio at present sits at 46% of earnings.Check Bank of Montreal’s dividend history here.
Bank Of Montreal Dividend Yield (TTM)
Bank Of Montreal dividend-yield-ttm | Bank Of Montreal Quote
Avnet, Inc. is one of the world’s largest distributors of electronic components and computer products. AVT’s customer base includes original equipment manufacturers, electronic manufacturing services providers, original design manufacturers, and value-added resellers. Avnet maintains an extensive inventory, including electronic products from more than 300 component and system manufacturers, which it distributes to customers worldwide.
On Aug 29, Avnet declared that its shareholders would receive a dividend of $0.31 a share on Sep 27, 2023. AVT has a dividend yield of 2.28%. Over the past five years, Avnet has increased its dividend seven times, and its payout ratio at present sits at 14% of earnings.Check Avnet’s dividend history here.
Avnet, Inc. Dividend Yield (TTM)
Avnet, Inc. dividend-yield-ttm | Avnet, Inc. Quote
Deere & Company 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.
On Aug 30, Deere & Company announced that its shareholders would receive a dividend of $1.35 a share on Nov 8, 2023. DE has a dividend yield of 1.19%. Over the past five years, Deere & Company has increased its dividend seven times, and its payout ratio at present sits at 15% of earnings. Check Deere & Company’s dividend history here.
Deere & Company Dividend Yield (TTM)
Deere & Company dividend-yield-ttm | Deere & Company Quote
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To read this article on Zacks.com click here.
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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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Five such stocks are Summit Financial Group, Inc. SMMF,Greif, Inc. GEF,Bank of Montreal BMO,Avnet, Inc. AVT and Deere & Company DE. The Fed’s hawkish stance has made market participants scramble for direction, which has seen stocks suffer in September as well. On Sep 6, all three major indexes once again ended in the red.
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Summit Financial Group, Inc. Dividend Yield (TTM) Summit Financial Group, Inc. dividend-yield-ttm | Summit Financial Group, Inc. Quote Greif, Inc. is a leading global producer of industrial packaging products and services with manufacturing facilities located in over 40 countries. Avnet, Inc. Dividend Yield (TTM) Avnet, Inc. dividend-yield-ttm | Avnet, Inc. Quote Deere & Company 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. Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Bank Of Montreal (BMO) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Summit Financial Group, Inc. (SMMF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Over the past five years, Summit Financial Group has increased its dividend six times, and its payout ratio at present sits at 21% of earnings.Check Summit Financial Group’s dividend history here. Summit Financial Group, Inc. Dividend Yield (TTM) Summit Financial Group, Inc. dividend-yield-ttm | Summit Financial Group, Inc. Quote Greif, Inc. is a leading global producer of industrial packaging products and services with manufacturing facilities located in over 40 countries. Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Bank Of Montreal (BMO) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Summit Financial Group, Inc. (SMMF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Five such stocks are Summit Financial Group, Inc. SMMF,Greif, Inc. GEF,Bank of Montreal BMO,Avnet, Inc. AVT and Deere & Company DE. Greif, Inc. Dividend Yield (TTM) Greif, Inc. dividend-yield-ttm | Greif, Inc. Quote Bank of Montreal is one of the largest banks in North America and one of Canada's oldest banks. The Fed’s hawkish stance has made market participants scramble for direction, which has seen stocks suffer in September as well.
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2023-09-05 00:00:00 UTC
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Deere Named Top Dividend Stock With Insider Buying and 1.29% Yield (DE)
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https://www.nasdaq.com/articles/deere-named-top-dividend-stock-with-insider-buying-and-1.29-yield-de
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In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Deere & Co. (Symbol: DE), which saw buying by Director Tami A. Erwin.
Back on June 6, Erwin invested $250,458.75 into 675 shares of DE, for a cost per share of $371.05. In trading on Tuesday, shares were changing hands as low as $413.86 per share, which is 11.5% above Erwin's purchase price. It should be noted that Erwin has collected $1.25/share in dividends since the time of their purchase, so they are currently up 11.9% on their purchase from a total return basis. Deere & Co. shares are currently trading -0.97% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $415.12. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
06/06/2023 Tami A. Erwin Director 675 $371.05 $250,458.75
The DividendRank report noted that among the coverage universe, DE shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Deere & Co., and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Deere & Co. is $5.4/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/28/2023. Below is a long-term dividend history chart for DE, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
The Top DividendRank'ed Stocks With Insider Buying »
Also see:
HRMY Options Chain
MET Stock Predictions
ATEC 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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The report also cited the strong quarterly dividend history at Deere & Co., and favorable long-term multi-year growth rates in key fundamental data points. The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
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One such company is Deere & Co. (Symbol: DE), which saw buying by Director Tami A. Erwin. 06/06/2023 Tami A. Erwin Director 675 $371.05 $250,458.75 The DividendRank report noted that among the coverage universe, DE shares displayed both attractive valuation metrics and strong profitability metrics. The Top DividendRank'ed Stocks With Insider Buying » Also see: HRMY Options Chain MET Stock Predictions ATEC 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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The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $328.66 per share, with $450 as the 52 week high point — that compares with a last trade of $415.12. 06/06/2023 Tami A. Erwin Director 675 $371.05 $250,458.75 The DividendRank report noted that among the coverage universe, DE shares displayed both attractive valuation metrics and strong profitability metrics.
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06/06/2023 Tami A. Erwin Director 675 $371.05 $250,458.75 The DividendRank report noted that among the coverage universe, DE shares displayed both attractive valuation metrics and strong profitability metrics. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue. In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months.
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720331.0
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2023-09-02 00:00:00 UTC
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Why Deere Stock Isn't as Cheap as It Looks
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https://www.nasdaq.com/articles/why-deere-stock-isnt-as-cheap-as-it-looks
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The stock of Deere & Company (NYSE: DE) has been a market darling, beating the S&P 500 and the Nasdaq Composite over the past three years, five years, seven years, and the past decade. That outperformance is arguably well deserved, as Deere is on track to produce a staggering $9.75 billion to $10 billion in net income in fiscal 2023, a fourfold increase in the last five years.
However, a big reason for Deere's impressive bottom-line increase is a growth cycle for agriculture (and, to a lesser extent, construction), which has boosted demand for its machinery and supported price increases that have more than offset inflation.
Deere stock has just an 11.5 price-to-earnings (P/E) ratio compared to a 23.5 P/E for the S&P 500. But the blue chip stock isn't as cheap as it looks. Here's why.
Image source: Getty Images.
Cyclical stocks 101
Cyclical stocks like Deere have ebbs and flows in their earnings, which can make them look inexpensive or overpriced depending on the stage of the cycle. This is a far different pattern than with a consumer staples company like Coca-Cola or Procter & Gamble. These companies aren't heavily affected by their business cycle, which reduces the year-to-year seasonality in their earnings.
Even the best cyclical companies aren't able to grow earnings every year. But they are able to capitalize during expansions and have a higher floor during contractions. In this vein, average earnings grow over time, with each downturn landing higher up than the last, and each growth cycle leading to record earnings.
How to value Deere stock
Deere's 10-year median P/E is 17.1. As expected, the current P/E ratio is significantly below the average.
One technique I like to use with cyclical stocks is to take the 10-year median P/E and find out how much net income the company would have to make at its current valuation to have that P/E. In the case of Deere, a 17.1 P/E ratio at its current market cap of $114.4 billion would imply a net income of $6.7 billion, so quite a bit lower than Deere's trailing-12-month (TTM) net income of $10 billion.
The question now is whether $6.7 billion is a realistic expectation. Deere's recent performance says yes, but its historical performance says no.
DE PE ratio data by YCharts.
As you can see in the above chart, Deere had not achieved a 12-month period where net income was above $3.6 billion until 2021. So at first glance, $6.7 billion as an average for the cycle seems like a stretch.
Deere has a bright future
However, there's also the argument that Deere deserves a premium valuation. And even if it doesn't, it could average far higher earnings in the future than in the past. Of course, we don't know where its earnings will settle during a downturn in the cycle or if investors will give the stock a higher multiple. But what we do know is that management has been executing its growth strategy effectively.
Operationally, Deere has done an excellent job forecasting customer demand, managing production lines, and marketing its products to warrant a premium price.
On the financial side, Deere has made strategic buybacks that look brilliant in hindsight given how well the stock has done. It has reduced its outstanding share count by 6.5% in the last three years, 21.5% in the last 10 years, and 39.8% in the last 20 years. Meanwhile, outsize profits have supported a considerable increase in research and development and operational expenses.
The beauty of having a few big years, as Deere has done lately, is that it can accelerate innovation. Some companies will simply boost a dividend or use all the excess cash flow to buy back stock. Deere does pay a growing dividend and repurchase shares, but it also aggressively invests in growth -- arguably more than its peers.
DE Research and Development Expense (TTM) data by YCharts
Ideally, Deere will be able to grow its market share by being a technological leader in precision agriculture and by empowering customers with automation to save them time and money. If it can do that, then it has a clear path toward growing earnings for decades to come, which would make the stock a good value even at its current price.
But if it fails, then the stock could start to look overvalued if earnings decline and stay down, and the next growth cycle falls short of the current one.
Deere stock is at a fork in the road
This is a pivotal time for Deere investors. The stock has done very well. But to keep doing well, and especially to keep being a market-beating stock, the company is going to have to prove that most of its recent earnings boom isn't a one-off success story.
Investors who believe Deere's earnings will fall dramatically and average a lower level in the years to come probably wouldn't be interested in the stock unless it had a meaningful sell-off. But folks who believe that the company is making the right long-term moves are getting the stock at a fairly reasonable price: not too cheap, not too expensive.
Personally, I think the company's next growth cycle will eclipse the highs of this one. And management has proved its ability to execute on its near-term and long-term targets. For that reason, Deere stands out as a great buy. But it's important to understand that buying the stock now is a bold bet on sustained growth and that it is far more expensive than it looks at first glance.
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 August 21, 2023
Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool recommends Deere and recommends the following options: long January 2024 $47.50 calls on Coca-Cola. 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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DE Research and Development Expense (TTM) data by YCharts Ideally, Deere will be able to grow its market share by being a technological leader in precision agriculture and by empowering customers with automation to save them time and money. But if it fails, then the stock could start to look overvalued if earnings decline and stay down, and the next growth cycle falls short of the current one. Investors who believe Deere's earnings will fall dramatically and average a lower level in the years to come probably wouldn't be interested in the stock unless it had a meaningful sell-off.
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In the case of Deere, a 17.1 P/E ratio at its current market cap of $114.4 billion would imply a net income of $6.7 billion, so quite a bit lower than Deere's trailing-12-month (TTM) net income of $10 billion. Operationally, Deere has done an excellent job forecasting customer demand, managing production lines, and marketing its products to warrant a premium price. DE Research and Development Expense (TTM) data by YCharts Ideally, Deere will be able to grow its market share by being a technological leader in precision agriculture and by empowering customers with automation to save them time and money.
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The stock of Deere & Company (NYSE: DE) has been a market darling, beating the S&P 500 and the Nasdaq Composite over the past three years, five years, seven years, and the past decade. Cyclical stocks 101 Cyclical stocks like Deere have ebbs and flows in their earnings, which can make them look inexpensive or overpriced depending on the stage of the cycle. In the case of Deere, a 17.1 P/E ratio at its current market cap of $114.4 billion would imply a net income of $6.7 billion, so quite a bit lower than Deere's trailing-12-month (TTM) net income of $10 billion.
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* They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! The stock of Deere & Company (NYSE: DE) has been a market darling, beating the S&P 500 and the Nasdaq Composite over the past three years, five years, seven years, and the past decade. That outperformance is arguably well deserved, as Deere is on track to produce a staggering $9.75 billion to $10 billion in net income in fiscal 2023, a fourfold increase in the last five years.
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2023-09-01 00:00:00 UTC
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With Profits Set to Quadruple from Five Years Ago, Are Investors Making a Mistake by Selling This Explosive Dividend Stock?
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https://www.nasdaq.com/articles/with-profits-set-to-quadruple-from-five-years-ago-are-investors-making-a-mistake-by
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Since reporting excellent earnings and raising its full-year guidance on Aug. 18, Deere (NYSE: DE) stock is down 6.9%. The move may come as a surprise given Deere's upbeat report. However, the sell-off is likely due to fears of an industrywide slowdown in agriculture after a multiyear growth cycle.
Let's take a look at the blue chip stock to see if the sell-off was warranted or if Deere is worth buying now.
Image source: Getty Images.
Another beat and raise
In the first quarter of fiscal 2023, Deere's initial guidance was for full-year net income of $8.75 billion to $9.25 billion. In the second quarter, it raised that guidance to $9.25 billion to $9.5 billion. And in the recent quarter, it raised guidance again to $9.75 billion to $10 billion. If Deere hits that goal, it will mark a fourfold increase in net income in just five years.
DE Net Income (Annual) data by YCharts
At least for now, Deere is showing little signs of slowing down. The company is currently in its best growth cycle in company history. And it would be a big mistake to attribute all the credit to an industrywide boom.
What separates Deere from the competition is its execution.
Each quarter, Deere publishes retail sales and dealer inventories compared to the industry. Deere has been mostly underperforming the industry when it comes to two-wheel drive tractors, but outperforming on four-wheel drive tractors and combines -- which are Deere's bread and butter for its largest segment -- production agriculture. In fiscal 2022, production agriculture made up 41% of Deere's sales. Production agriculture is Deere's wheelhouse because it's where its services, tools, advanced product features, and technological capabilities are the most effective.
Deere has done a masterful job forecasting customer demand, managing inventory, and making improvements to its products that justify price increases. It's the combination of brand power and leading products that have allowed Deere to offset inflationary pressures and grow its bottom line.
Managing inventory levels
One of the hardest things for heavy equipment and industrial machinery manufacturers to do is forecast demand. Implementing production increases or the construction of a new factory to take advantage of a boom could leave a company vulnerable once the cycle shifts downward.
Deere uses a variety of data points to get a reading on customer demand. Since Deere sells its products through its dealer network, looking at how much inventory its dealers have is a good way to judge if dealers have too much product on hand or are anticipating a sustained boom and boosting their inventories. Another metric is pre-orders.
Deere has gone through a lot of its inventory. North American large agriculture production is already sold out for fiscal 2023. The company's order book for construction equipment goes into Q2 fiscal 2024. Based on demand, Deere expects order activity to justify similar production rates in fiscal 2024 as fiscal 2023.
On its third-quarter fiscal 2023earnings call Deere said it expects both new and used inventory to be below historic levels by year-end. Low inventory typically implies strong demand and gives a green light for manufacturers to ramp production to meet customer needs. High inventory tends to signal that supply is outpacing demand and that manufacturers need to brace for a slowdown in sales. But given the multi-year boom we have seen in recent years, the current inventory situation seems to indicate that dealers are lowering their inventory in anticipation of slowing demand, which isn't great news for future profit growth. However, it also means that Deere should enter fiscal 2024 in the catbird seat because if there is a slowdown, it won't have to impose steep discounts because there's little inventory as it is. And if there is better-than-expected demand, it can take a stairstep approach to meet that demand while remaining nimble enough to pull back when needed.
The right way to look at Deere stock
Deere can't control customer demand or the strength of the broader industry. But it can control how it manages inventory, when to ramp or pause production lines, and its development pipeline to ensure it is making the necessary improvements to justify price hikes.
Deere isn't shying away from a potential slowdown in its key end markets. But it is also doing a good job of avoiding speculation and focusing on the data points it has on hand. A lot of those data points point to flat or slightly lower demand in fiscal 2024, not a massive drop-off.
Given the run that Deere had the last few years, it's unlikely fiscal 2024 will bring another record year of profits. And there's likely going to be a slowdown in fiscal 2025 as well. A good outcome would be if Deere can post profits somewhere between the fiscal 2022 to fiscal 2023 range of $7.1 billion to $10 billion over the next few years. That level of profit supports dividend raises, buybacks, and a sizable research and development budget that ensures Deere stays ahead of technological improvements and can directly respond to customer needs.
Add it all up, and Deere isn't a boom-and-bust industrial stock. Rather, it's an incredibly well-run, industry-leading company that is worth owning over the long term.
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 August 21, 2023
Daniel Foelber 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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Deere has done a masterful job forecasting customer demand, managing inventory, and making improvements to its products that justify price increases. But it can control how it manages inventory, when to ramp or pause production lines, and its development pipeline to ensure it is making the necessary improvements to justify price hikes. That level of profit supports dividend raises, buybacks, and a sizable research and development budget that ensures Deere stays ahead of technological improvements and can directly respond to customer needs.
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Deere has done a masterful job forecasting customer demand, managing inventory, and making improvements to its products that justify price increases. The right way to look at Deere stock Deere can't control customer demand or the strength of the broader industry. But it can control how it manages inventory, when to ramp or pause production lines, and its development pipeline to ensure it is making the necessary improvements to justify price hikes.
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Since Deere sells its products through its dealer network, looking at how much inventory its dealers have is a good way to judge if dealers have too much product on hand or are anticipating a sustained boom and boosting their inventories. Based on demand, Deere expects order activity to justify similar production rates in fiscal 2024 as fiscal 2023. The right way to look at Deere stock Deere can't control customer demand or the strength of the broader industry.
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In fiscal 2022, production agriculture made up 41% of Deere's sales. Deere has done a masterful job forecasting customer demand, managing inventory, and making improvements to its products that justify price increases. Since reporting excellent earnings and raising its full-year guidance on Aug. 18, Deere (NYSE: DE) stock is down 6.9%.
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720333.0
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2023-08-31 00:00:00 UTC
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Daily Dividend Report: AGI,GLPI,DE,PWR,CHX
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https://www.nasdaq.com/articles/daily-dividend-report%3A-agiglpidepwrchx
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Alamos Gold today announced that the Company's Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Company has paid dividends for 14 consecutive years during which time $314 million has been returned to shareholders through dividends and share buybacks, including $30 million thus far in 2023. The dividend is payable on September 28, 2023 to shareholders of record as of the close of business on September 14, 2023.
Gaming and Leisure Properties, announced today that, at its meeting yesterday, the Company's Board of Directors has declared the third quarter 2023 cash dividend of $0.73 per share of its common stock, an increase from the second quarter of $.01 per share per quarter. The dividend is payable on September 29, 2023 to shareholders of record on September 15, 2023. The third quarter 2022 cash dividend was $0.705 per share of the Company's common stock.
The Deere Board of Directors today declared a quarterly dividend of $1.35 per share payable November 8, 2023 to stockholders of record on September 29, 2023. The new quarterly rate represents an additional 10 cents per share over the previous level of $1.25.
Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.08 per share, or a rate of $0.32 per share on an annualized basis. The dividend is payable on October 13, 2023, to stockholders of record as of October 2, 2023.
ChampionX nnounced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company's common stock, par value $0.01 per share, to be paid on October 27, 2023 to shareholders of record on October 6, 2023.
VIDEO: Daily Dividend Report: AGI,GLPI,DE,PWR,CHX
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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Alamos Gold today announced that the Company's Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Deere Board of Directors today declared a quarterly dividend of $1.35 per share payable November 8, 2023 to stockholders of record on September 29, 2023. ChampionX nnounced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company's common stock, par value $0.01 per share, to be paid on October 27, 2023 to shareholders of record on October 6, 2023.
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The Deere Board of Directors today declared a quarterly dividend of $1.35 per share payable November 8, 2023 to stockholders of record on September 29, 2023. Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.08 per share, or a rate of $0.32 per share on an annualized basis. ChampionX nnounced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company's common stock, par value $0.01 per share, to be paid on October 27, 2023 to shareholders of record on October 6, 2023.
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Gaming and Leisure Properties, announced today that, at its meeting yesterday, the Company's Board of Directors has declared the third quarter 2023 cash dividend of $0.73 per share of its common stock, an increase from the second quarter of $.01 per share per quarter. Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.08 per share, or a rate of $0.32 per share on an annualized basis. ChampionX nnounced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company's common stock, par value $0.01 per share, to be paid on October 27, 2023 to shareholders of record on October 6, 2023.
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The Deere Board of Directors today declared a quarterly dividend of $1.35 per share payable November 8, 2023 to stockholders of record on September 29, 2023. Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.08 per share, or a rate of $0.32 per share on an annualized basis. ChampionX nnounced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company's common stock, par value $0.01 per share, to be paid on October 27, 2023 to shareholders of record on October 6, 2023.
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fe4b0ee0-8a25-4f37-9e88-a55ed8d3a013
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720334.0
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2023-08-31 00:00:00 UTC
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September 2024 Options Now Available For Deere (DE)
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DE
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https://www.nasdaq.com/articles/september-2024-options-now-available-for-deere-de
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the September 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 386 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $410.00 strike price has a current bid of $36.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $410.00, but will also collect the premium, putting the cost basis of the shares at $373.20 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $412.95/share today.
Because the $410.00 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 8.98% return on the cash commitment, or 8.49% 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 $410.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $420.00 strike price has a current bid of $50.25. If an investor was to purchase shares of DE stock at the current price level of $412.95/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $420.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 13.88% if the stock gets called away at the September 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 $420.00 strike highlighted in red:
Considering the fact that the $420.00 strike represents an approximate 2% 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 12.17% boost of extra return to the investor, or 11.51% 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 $412.95) 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:
STM Options Chain
Institutional Holders of INY
SUPN 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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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 $420.00 strike highlighted in red: Considering the fact that the $420.00 strike represents an approximate 2% 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 begin trading today, for the September 2024 expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $420.00 strike highlighted in red: Considering the fact that the $420.00 strike represents an approximate 2% 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 begin trading today, for the September 2024 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 $410.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $420.00 strike price has a current bid of $50.25. Below is a chart showing DE's trailing twelve month trading history, with the $420.00 strike highlighted in red: Considering the fact that the $420.00 strike represents an approximate 2% 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 September 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 $420.00 strike highlighted in red: Considering the fact that the $420.00 strike represents an approximate 2% 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 begin trading today, for the September 2024 expiration.
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e551c444-4ce8-4e6d-82dc-96fd479dc693
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720335.0
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2023-08-31 00:00:00 UTC
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“Anti-Woke” Investment Firm Targets National Security With FTWO
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DE
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https://www.nasdaq.com/articles/anti-woke-investment-firm-targets-national-security-with-ftwo
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nan
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nan
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Strive Asset Management, the fund manager launched by businessman-turned-aspiring-rapper Vivek “Rhymes With Cake” Ramaswamy, has launched another ETF. The Strive FAANG 2.0 ETF (NYSE Arca: FTWO) targets companies that are engaged in national security and natural resource security.
FTWO offers exposure to fuel, aerospace & defense, agriculture, nuclear, and gold & precious metals. Top holdings as of Aug. 31 were Deere & Co. (DE), General Electric Co. (GE), and Exxon Mobil Corp. (XOM). It carries an expense ratio of 0.49%.
See more: “‘Anti-ESG’ Manager Strive Launches Fixed Income ETFs”
Earlier this month, Strive Asset Management launched two fixed income ETFs. The Strive Enhanced Income Short Maturity ETF (BUXX) and the Strive Total Return Bond ETF (STXT) mark the firm’s first foray into the fixed income space.
Ramaswamy co-founded Strive in 2022 to combat “woke” capitalism but left the company to pursue a career in hip-hop. Strive’s debut fund, the Strive U.S. Energy ETF (DRLL), was designed to push back against the trend of ESG investing. It’s underperformed the S&P 500 ESG index by nearly 19 percentage points year-to-date.
The firm includes PayPal co-founder Peter Thiel among its early investors.
In October, Ramaswamy appeared on Bob Pisani’s ETF Edge along with VettaFi head of research Todd Rosenbluth to discuss ESG investing. Ramaswamy attempted to argue that ESG isn’t just about ESG funds but also the “green smuggling” of political issues into non-ESG funds. Rosenbluth pointed out that “there are no ESG-only firms. The fact that we have an anti-ESG firm is ironic because we don’t have any ESG firms.”
For more news, information, and analysis, visit VettaFi | ETF Trends.
Read more on ETFTrends.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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Ramaswamy co-founded Strive in 2022 to combat “woke” capitalism but left the company to pursue a career in hip-hop. FTWO offers exposure to fuel, aerospace & defense, agriculture, nuclear, and gold & precious metals. Top holdings as of Aug. 31 were Deere & Co. (DE), General Electric Co. (GE), and Exxon Mobil Corp. (XOM).
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Ramaswamy co-founded Strive in 2022 to combat “woke” capitalism but left the company to pursue a career in hip-hop. FTWO offers exposure to fuel, aerospace & defense, agriculture, nuclear, and gold & precious metals. Top holdings as of Aug. 31 were Deere & Co. (DE), General Electric Co. (GE), and Exxon Mobil Corp. (XOM).
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Strive’s debut fund, the Strive U.S. Energy ETF (DRLL), was designed to push back against the trend of ESG investing. FTWO offers exposure to fuel, aerospace & defense, agriculture, nuclear, and gold & precious metals. Top holdings as of Aug. 31 were Deere & Co. (DE), General Electric Co. (GE), and Exxon Mobil Corp. (XOM).
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Strive’s debut fund, the Strive U.S. Energy ETF (DRLL), was designed to push back against the trend of ESG investing. FTWO offers exposure to fuel, aerospace & defense, agriculture, nuclear, and gold & precious metals. Top holdings as of Aug. 31 were Deere & Co. (DE), General Electric Co. (GE), and Exxon Mobil Corp. (XOM).
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d1f4b2e1-144c-4380-91a5-cc6d2f440a56
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720336.0
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2023-08-30 00:00:00 UTC
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Wednesday Sector Leaders: Services, Industrial
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DE
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-services-industrial-0
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nan
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nan
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In afternoon trading on Wednesday, Services stocks are the best performing sector, higher by 0.5%. Within that group, Bath & Body Works Inc (Symbol: BBWI) and Dominos Pizza Inc. (Symbol: DPZ) are two large stocks leading the way, showing a gain of 2.1% and 2.0%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.4% on the day, and up 24.92% year-to-date. Bath & Body Works Inc, meanwhile, is down 10.93% year-to-date, and Dominos Pizza Inc. is up 16.86% year-to-date. Combined, BBWI and DPZ make up approximately 0.4% of the underlying holdings of IYC.
The next best performing sector is the Industrial sector, higher by 0.4%. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a gain of 2.3% and 2.3%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is up 0.2% in midday trading, and up 11.00% on a year-to-date basis. Deere & Co., meanwhile, is down 1.99% year-to-date, and Axon Enterprise Inc is up 24.74% year-to-date. Combined, DE and AXON make up approximately 3.9% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, six sectors are up on the day, while one sector is down.
SECTOR % CHANGE
Services +0.5%
Industrial +0.4%
Healthcare +0.3%
Technology & Communications +0.3%
Energy +0.3%
Materials +0.2%
Consumer Products -0.0%
Financial 0.0%
Utilities -0.7%
25 Dividend Giants Widely Held By ETFs »
Also see:
Apparel Stores Dividend Stocks
Funds Holding IBDD
WDC 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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Services +0.5% Industrial +0.4% Healthcare +0.3% Technology & Communications +0.3% Energy +0.3% Materials +0.2% Consumer Products -0.0% Financial 0.0% Utilities -0.7% 25 Dividend Giants Widely Held By ETFs » Also see: Apparel Stores Dividend Stocks Funds Holding IBDD WDC 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. Combined, BBWI and DPZ make up approximately 0.4% of the underlying holdings of IYC. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a gain of 2.3% and 2.3%, respectively.
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Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a gain of 2.3% and 2.3%, respectively. Combined, BBWI and DPZ make up approximately 0.4% of the underlying holdings of IYC. Deere & Co., meanwhile, is down 1.99% year-to-date, and Axon Enterprise Inc is up 24.74% year-to-date.
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Combined, BBWI and DPZ make up approximately 0.4% of the underlying holdings of IYC. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a gain of 2.3% and 2.3%, respectively. Deere & Co., meanwhile, is down 1.99% year-to-date, and Axon Enterprise Inc is up 24.74% year-to-date.
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Deere & Co., meanwhile, is down 1.99% year-to-date, and Axon Enterprise Inc is up 24.74% year-to-date. Combined, BBWI and DPZ make up approximately 0.4% of the underlying holdings of IYC. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Axon Enterprise Inc (Symbol: AXON) are the most notable, showing a gain of 2.3% and 2.3%, respectively.
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1bc3d178-2bb9-4af0-b2ed-e599689cbd5b
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720337.0
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2023-08-30 00:00:00 UTC
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Notable ETF Outflow Detected - URTH, PLD, ELV, DE
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DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-urth-pld-elv-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 MSCI World ETF (Symbol: URTH) where we have detected an approximate $87.8 million dollar outflow -- that's a 3.1% decrease week over week (from 22,300,000 to 21,600,000). Among the largest underlying components of URTH, in trading today Prologis Inc (Symbol: PLD) is trading flat, Elevance Health Inc (Symbol: ELV) is up about 0.4%, and Deere & Co. (Symbol: DE) is higher by about 0.5%. For a complete list of holdings, visit the URTH Holdings page » The chart below shows the one year price performance of URTH, versus its 200 day moving average:
Looking at the chart above, URTH's low point in its 52 week range is $97.44 per share, with $129.0095 as the 52 week high point — that compares with a last trade of $125.46. 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:
IP Next Dividend Date
FAMI market cap history
PLUS Videos
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: IP Next Dividend Date FAMI market cap history PLUS Videos 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 URTH Holdings page » The chart below shows the one year price performance of URTH, versus its 200 day moving average: Looking at the chart above, URTH's low point in its 52 week range is $97.44 per share, with $129.0095 as the 52 week high point — that compares with a last trade of $125.46. 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: IP Next Dividend Date FAMI market cap history PLUS Videos 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 MSCI World ETF (Symbol: URTH) where we have detected an approximate $87.8 million dollar outflow -- that's a 3.1% decrease week over week (from 22,300,000 to 21,600,000). For a complete list of holdings, visit the URTH Holdings page » The chart below shows the one year price performance of URTH, versus its 200 day moving average: Looking at the chart above, URTH's low point in its 52 week range is $97.44 per share, with $129.0095 as the 52 week high point — that compares with a last trade of $125.46. 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 MSCI World ETF (Symbol: URTH) where we have detected an approximate $87.8 million dollar outflow -- that's a 3.1% decrease week over week (from 22,300,000 to 21,600,000). For a complete list of holdings, visit the URTH Holdings page » The chart below shows the one year price performance of URTH, versus its 200 day moving average: Looking at the chart above, URTH's low point in its 52 week range is $97.44 per share, with $129.0095 as the 52 week high point — that compares with a last trade of $125.46. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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b793ab3d-be1f-4631-853c-a88556b72552
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720338.0
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2023-08-30 00:00:00 UTC
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Which Is A Better Pick – Honeywell Or 3M Stock?
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DE
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https://www.nasdaq.com/articles/which-is-a-better-pick-honeywell-or-3m-stock
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nan
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nan
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We believe 3M stock (NYSE: MMM) is a better pick than its sector peer, Honeywell stock (NYSE: HON), given its better prospects. Honeywell trades at a higher valuation multiple of 3.4x revenues vs. 1.7x for 3M due to its superior profitability and financial position. However, we believe this gap should narrow over time in favor of 3M, as discussed below.
Interestingly, HON has had a Sharpe Ratio of 0.4 since early 2017, while the figure stood at -0.3 for MMM, lower than 0.6 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.3 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 supply-chain issues and slowing economic growth. While HON is down 12% this year, MMM is down 13%, and the S&P500 index is up 15%. There is more to the comparison, and in the sections below, we discuss why we believe that MMM will offer better returns than 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. 3M: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. 3M’s Revenue Growth Is Better
3M’s revenue growth has been better, with a 2.3% 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 now reversed and Honeywell is seeing a steady rise in sales for most of its businesses – aerospace, building technologies, and performance materials business – lower demand for personal protective equipment weighs on its safety & productivity solutions segment sales.
The situation was inverse for 3M. The Covid-19 pandemic led to its revenue growth driven by high safety and personal protective equipment demand. However, this trend has now reversed. 3M is facing a decline in demand for safety and protective gear, while its consumer business, including home improvement, has seen a pickup in demand post-pandemic.
If we look at the last twelve-month period revenues, Honeywell has fared better with 4.9% sales growth, while 3M saw its revenue decline by 5.8%.
Our Honeywell Revenue Comparison and 3M Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, revenue for both Honeywell and 3M is expected to grow in low single-digits.
2. Honeywell Is More Profitable
Honeywell’s operating margin has slid slightly from 18.7% in 2019 to 18.1% in 2022, while 3M’s operating margin declined marginally from 19.2% to 19.1% over this period.
Looking at the last twelve-month period, Honeywell’s operating margin of 19.7% fares better than -8.9% for 3M.
The decline in 3M’s operating margin can be attributed to a pre-tax charge of $10.3 billion for its proposed settlement agreement regarding PFAS (forever chemicals) litigation.
Our Honeywell Operating Income Comparison and 3M Operating Income Comparison dashboards have more details.
Looking at financial risk, Honeywell fares better with its 17% debt as a percentage of equity, lower than 28% for 3M, and its 14% cash as a percentage of assets, higher than 9% for the latter, implying that HON has a better debt position and more cash cushion.
3. The Net of It All
We see that Honeywell is more profitable and has a better financial position. On the other hand, 3M has seen better revenue growth and is available at a lower valuation multiple.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe 3M is the better choice of the two, given its attractive valuation.
Honeywell’s stock trades at 3.5x revenues vs. the last five-year average of 3.4x, and 3M stock trades at 1.7x revenues vs. the last five-year average of 3.4x.
Our Honeywell (HON) Valuation Ratios Comparison and 3M (MMM) Valuation Ratios Comparison have more details.
It should be noted that 3M stock was weighed down due to ongoing litigation related to faulty earplugs and the use of forever chemicals. The company is focused on settling these litigations, and the overall cost will likely be lower than some analysts anticipated. As such, the valuation multiple will likely be revised upward, boding well for its stock.
The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 3% for Honeywell over this period vs. a 17% expected return for 3M, based on Trefis Machine Learning analysis – Honeywell vs. 3M – which also provides more details on how we arrive at these numbers.
While MMM may outperform HON stock 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.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Honeywell vs. Amkor.
With higher inflation and the Fed raising interest rates, among other factors, HON stock has seen a fall of 12% this year. Can it drop more? See how low Honeywell stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
Returns Aug 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HON Return -3% -12% 69%
MMM Return -7% -13% -42%
S&P 500 Return -3% 15% 98%
Trefis Reinforced Value Portfolio -6% 29% 563%
[1] Month-to-date and year-to-date as of 8/29/2023
[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 supply-chain issues and slowing economic growth. The decline in 3M’s operating margin can be attributed to a pre-tax charge of $10.3 billion for its proposed settlement agreement regarding PFAS (forever chemicals) litigation. Honeywell trades at a higher valuation multiple of 3.4x revenues vs. 1.7x for 3M due to its superior profitability and financial position.
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Our Honeywell Operating Income Comparison and 3M Operating Income Comparison dashboards have more details. Our Honeywell (HON) Valuation Ratios Comparison and 3M (MMM) Valuation Ratios Comparison have more details. Honeywell trades at a higher valuation multiple of 3.4x revenues vs. 1.7x for 3M due to its superior profitability and financial position.
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Honeywell’s stock trades at 3.5x revenues vs. the last five-year average of 3.4x, and 3M stock trades at 1.7x revenues vs. the last five-year average of 3.4x. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 3% for Honeywell over this period vs. a 17% expected return for 3M, based on Trefis Machine Learning analysis – Honeywell vs. 3M – which also provides more details on how we arrive at these numbers. Honeywell trades at a higher valuation multiple of 3.4x revenues vs. 1.7x for 3M due to its superior profitability and financial position.
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If we look at the last twelve-month period revenues, Honeywell has fared better with 4.9% sales growth, while 3M saw its revenue decline by 5.8%. Our Honeywell (HON) Valuation Ratios Comparison and 3M (MMM) Valuation Ratios Comparison have more details. Honeywell trades at a higher valuation multiple of 3.4x revenues vs. 1.7x for 3M due to its superior profitability and financial position.
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5cb7bfb8-aa43-4163-9ec6-e9c2b443c5bb
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720339.0
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2023-08-29 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DE, KMX, DRI
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-de-kmx-dri
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 10,679 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69.2% of DE's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $430 strike put option expiring September 15, 2023, with 800 contracts trading so far today, representing approximately 80,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange:
Carmax Inc. (Symbol: KMX) options are showing a volume of 5,676 contracts thus far today. That number of contracts represents approximately 567,600 underlying shares, working out to a sizeable 48.1% of KMX's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $92 strike call option expiring September 29, 2023, with 2,629 contracts trading so far today, representing approximately 262,900 underlying shares of KMX. Below is a chart showing KMX's trailing twelve month trading history, with the $92 strike highlighted in orange:
And Darden Restaurants, Inc. (Symbol: DRI) options are showing a volume of 5,082 contracts thus far today. That number of contracts represents approximately 508,200 underlying shares, working out to a sizeable 47.4% of DRI's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $150 strike put option expiring January 19, 2024, with 2,785 contracts trading so far today, representing approximately 278,500 underlying shares of DRI. Below is a chart showing DRI's trailing twelve month trading history, with the $150 strike highlighted in orange:
For the various different available expirations for DE options, KMX options, or DRI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
YELP Insider Buying
ETFs Holding EXPR
Institutional Holders of BSPE
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 $430 strike put option expiring September 15, 2023, with 800 contracts trading so far today, representing approximately 80,000 underlying shares of DE. Particularly high volume was seen for the $92 strike call option expiring September 29, 2023, with 2,629 contracts trading so far today, representing approximately 262,900 underlying shares of KMX. Especially high volume was seen for the $150 strike put option expiring January 19, 2024, with 2,785 contracts trading so far today, representing approximately 278,500 underlying shares of DRI.
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Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange: Carmax Inc. (Symbol: KMX) options are showing a volume of 5,676 contracts thus far today. That number of contracts represents approximately 567,600 underlying shares, working out to a sizeable 48.1% of KMX's average daily trading volume over the past month, of 1.2 million shares. That number of contracts represents approximately 508,200 underlying shares, working out to a sizeable 47.4% of DRI's average daily trading volume over the past month, of 1.1 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 Deere & Co. (Symbol: DE), where a total volume of 10,679 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $430 strike put option expiring September 15, 2023, with 800 contracts trading so far today, representing approximately 80,000 underlying shares of DE. Especially high volume was seen for the $150 strike put option expiring January 19, 2024, with 2,785 contracts trading so far today, representing approximately 278,500 underlying shares of DRI.
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That number of contracts represents approximately 567,600 underlying shares, working out to a sizeable 48.1% of KMX's average daily trading volume over the past month, of 1.2 million shares. That number of contracts represents approximately 508,200 underlying shares, working out to a sizeable 47.4% of DRI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing DRI's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for DE options, KMX options, or DRI options, visit StockOptionsChannel.com.
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c7e9de53-74d0-4999-a129-89ed4f0e7cc9
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720340.0
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2023-08-28 00:00:00 UTC
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Deere Stock: 5 Reasons the Pullback Is an Opportunity
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DE
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https://www.nasdaq.com/articles/deere-stock%3A-5-reasons-the-pullback-is-an-opportunity
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nan
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Timing is everything — and for Deere & Company (NYSE:DE), its second quarter financial release couldn’t have come at a worse time.
On August 18th, the agriculture and construction machinery maker crushed Wall Street’s Q2 earnings per share (EPS) estimate by nearly $2.00. Despite the beat, Deere’s fourth in a row, its share price dipped below $400 in a down market. Had the announcement happened a few weeks earlier (instead of during what’s likely to be the S&P 500’s worst month of 2023), the reaction may have been much different.
Instead, the market brushed aside an impressive quarterly report highlighted by growth across all four businesses, 62% year-over-year profit growth and significant margin expansion. Oh, and management raised its full year outlook for a third time.
But with interest rate fears dictating investor sentiment, Deere’s stock has retreated some $60 from last month’s all-time high. Analyst remarks around a potential ‘agriculture peak’ have also factored into the dip. According to some, farm equipment sales are bound to slow as the hot industry cools.
Most analysts have adjusted their price targets — some upward, others downward — sending mixed messages to investors. What is a clear signal, however, is that no one downgraded the stock to hold or sell. Translation: Deere’s latest correction is an opportunity.
#1 - Farm Commodity Prices Are Trending Higher
Prices of most agricultural commodities have trended higher this year even though there have been several dips along the way. With prices trending up in recent days, the latest dip is looking like another blip in a longer term uptrend.
The combination of healthy global demand for food inputs and more frequent adverse weather events that limit supply could continue to be a winning formula for ag-related companies. With orange juice, cocoa, sugar and other commodities trading well above last year’s levels, elevated pricing should continue to elevate demand for Deere equipment and supplies. Management’s increased forecast for as much as 41% profit growth in fiscal 2023 suggests the benefits of commodity inflation and cost cuts have staying power for at least another couple of quarters.
#2 - Tech Will Drive Long-Term Growth
Even if the agriculture industry is at or near the end of an upswing, Deere remains a solid long-term investment. A perennial leader in its ‘field,’ the company has persevered through many up and down cycles. Forty-five years removed from its IPO, Deere endured countless farm recessions and split its stock twice en route to reaching a record high in July 2023.
One constant throughout is Deere’s constant pursuit of innovation. Technological advances that make things easier for growers and industrial customers have long been a competitive advantage.
Going forward, intelligent, connected machines and apps that improve crop production and lower costs represent the next wave of innovation. From self-driving tractors for ‘precision ag’ to smarter earthmoving equipment for infrastructure development, Deere products will play a big role in the global economy for many years to come — and throughout many more cycles.
#3 - Deere Stock Is Undervalued
At the midpoint of the latest guidance revision, Deere is trading at 11.6x this year’s earnings. This is a significant discount to the stock’s five-year historical average P/E of 19x — and a small price to pay for a company that is on track to deliver 40%+ profit growth in 2023.
Even if 2023 turns out to be peak profits, Deere shares are still inexpensive relative to next year’s estimate. At 11.9x projected 2024 EPS, they are undervalued relative to all but one S&P 500 industrial machinery peer — Cummins has a slightly lower 2024 P/E of 11.8x. The remaining 15 peers trade at 12x to 26x.
#4 - A Dividend With Plenty of Acreage to Grow
Deere’s growth characteristics are nicely balanced by its $5.00 annual dividend payout. While this equates to a modest 1.3% forward yield, the dividend has a lot of room to expand. Only 15% of the company’s next 12 months profits will be returned to shareholders as dividends. This affords the board of directors ample leadway for dividend hikes — and makes Deere an ideal long-term growth and income investment.
#5 - Bill Gates Is a Bull
Microsoft co-founder turned philanthropist Bill Gates is a major Deere backer. As of the end of June 2023, the Bill & Melinda Gates Foundation owned approximately $1.6 billion worth of Deere stock, making it the portfolio’s sixth-largest holding.
Last quarter, hedge fund managers like Mr. Gates increased their collective stake to more than eight million shares. ARK Invest’s Cathie Wood trimmed her Deere position by 5% but hung onto $47 million.
Known more for his leadership prowess in the software space, Bill Gates deserves praise for the foundation’s performance as well. The fund has produced a 22.3% annualized return over the last three years. Microsoft’s surge is responsible for much of it, but so too are Berkshire Hathaway, Canadian National Railway, Waste Management — and yes, Deere.
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 combination of healthy global demand for food inputs and more frequent adverse weather events that limit supply could continue to be a winning formula for ag-related companies. Forty-five years removed from its IPO, Deere endured countless farm recessions and split its stock twice en route to reaching a record high in July 2023. From self-driving tractors for ‘precision ag’ to smarter earthmoving equipment for infrastructure development, Deere products will play a big role in the global economy for many years to come — and throughout many more cycles.
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#1 - Farm Commodity Prices Are Trending Higher Prices of most agricultural commodities have trended higher this year even though there have been several dips along the way. With orange juice, cocoa, sugar and other commodities trading well above last year’s levels, elevated pricing should continue to elevate demand for Deere equipment and supplies. Even if 2023 turns out to be peak profits, Deere shares are still inexpensive relative to next year’s estimate.
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#1 - Farm Commodity Prices Are Trending Higher Prices of most agricultural commodities have trended higher this year even though there have been several dips along the way. With orange juice, cocoa, sugar and other commodities trading well above last year’s levels, elevated pricing should continue to elevate demand for Deere equipment and supplies. #3 - Deere Stock Is Undervalued At the midpoint of the latest guidance revision, Deere is trading at 11.6x this year’s earnings.
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#4 - A Dividend With Plenty of Acreage to Grow Deere’s growth characteristics are nicely balanced by its $5.00 annual dividend payout. Only 15% of the company’s next 12 months profits will be returned to shareholders as dividends. Timing is everything — and for Deere & Company (NYSE:DE), its second quarter financial release couldn’t have come at a worse time.
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c3c09bc4-92fc-4240-b6da-3583190d0183
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720341.0
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2023-08-25 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-13
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
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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The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DEERE & COMPANY (DE). This momentum model looks for a combination of fundamental momentum and price momentum.
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720342.0
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2023-08-25 00:00:00 UTC
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The 3 Best Infrastructure Stocks to Buy Now: August 2023
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https://www.nasdaq.com/articles/the-3-best-infrastructure-stocks-to-buy-now%3A-august-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Infrastructure stocks are set to outperform over the next decade as the United States ramps up infrastructure spending.
Under the Infrastructure and Jobs Act, the Biden Administration’s Bipartisan Infrastructure Bill is one of the largest infrastructure bills in U.S. history. This new deal will drive investment in public infrastructure to build roads, bridges, rails, schools, high-speed internet, access to clean drinking water and widespread clean energy infrastructure.
The bill is expected to provide $1.2 trillion in spending for the U.S. economy over the next 5 years.
As of May 2023, the Biden Administration has already committed $220 billion in spending to more than 32,000 projects across all 50 states.
With infrastructure investments on the rise, these three infrastructure stocks will help lead the United States’ next economic expansion.
Below are my top three high-potential infrastructure stocks to buy right now!
Deere & Company (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Company (NYSE:DE) has largely underperformed the broader market despite strong top line and EPS growth last year.
In 2022, Deere saw total net revenues of $52.6 billion, up 19% year-over-year (YoY). Net income was $7.13 billion, up 19% YoY.
Deere was able to weather supply chain constraints and ongoing macroeconomic headwinds in 2022 that severely affected the infrastructure equipment market. The company’s resilience and execution proved that management was well-equipped to manage changing priorities.
The demand for agricultural equipment has remained high, resulting in sustained growth and stronger liquidity.
In Q3 2023, Deere saw a net income of $2.98 billion, up 58% YoY. EPS (earnings per share) came in at $10.20, up 65% since last year. The company alluded to growth strong order book value and industry growth fundamentals. However, the market may be mispricing Deere’s EPS growth in 2023.
The company projects a full-year 2023 fiscal net income in the $9.75 to $10.00 billion range, up from $8.0 to $8.5 billion. That suggests Deere’s net income could surge more than 35% in 2023.
Deere is currently trading at just 1.94x its FY2023 sales, and the stock is down 8% year-to-date (YTD).
While the market ignores Deere’s 2023 EPS growth, investors should buy the stock before the share price catches up with the company’s fundamentals.
Caterpillar (CAT)
Caterpillar (NYSE:CAT) stock has responded favorably to the growing infrastructure spending and equipment demand.
The company surged to record highs earlier this month after reporting its Q2 2023 financial results. Caterpillar revenues this quarter grew to $17.3 billion, up 22% compared to 2022. Net income came in at $2.92 billion, up 74% YoY.
EPS was $5.67, up 81% in 2023 compared to 2022. Caterpillar’s chief financial officer (CFO) said that growth was supported by higher prices and volume, as well as supply chain constraints alleviating in 2023.
Caterpillar’s free cash flow has also grown favorably over the last year. That led to a dividend increase of 8%, proving that the company’s liquidity position remains strong.
For the first half of 2023, Caterpillar saw an operating cash flow of approximately $4.8 billion. CAT ended the quarter with $7.4 billion in cash, returning $2 billion to shareholders through share buybacks and dividends.
As the company continues to focus on sustained profitability, Caterpillar remains one of the best infrastructure stocks to buy for 2023.
GFL Environmental (GFL)
GFL Environmental (NYSE:GFL) is one of the best infrastructure stocks to buy for 2023.
The company is currently up 11% YTD, as they focus on deleveraging and accelerating profitability.
After going public in 2020, the stock saw a large decline as the stock market feared the impacts of Covid-19.
However, as monetary policy changed swiftly and central banks started printing money, the stock came roaring back.
GFL Environmental has seen mixed results in the past 24 months as it battled supply chain constraints and looming debt. The company has since been addressing its debt problem, selling off assets and reducing leverage as interest rates rise in 2023.
In Q2 2023, the company saw its revenue up 14% YoY to $1.94 billion. Net income surged to $294.9 million, up more than 250% year-over-year. GAAP EPS was up 470% in the quarter YoY.
The company’s vertically integrated infrastructure services make it well-positioned for future growth. While CAT’s debt problem may be an issue, the company is in the midst of a deleveraging cycle. That will allow it to invest in long-term growth and continue its mergers and acquisitions strategy in areas such as renewable natural gas (RNG).
With a growing demand for waste management and infrastructure services, GFL Environmental should be on your buy list.
On the date of publication, Terel Miles 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.
Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.
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The post The 3 Best Infrastructure Stocks to Buy Now: August 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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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Best Infrastructure Stocks to Buy Now: August 2023 appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Infrastructure stocks are set to outperform over the next decade as the United States ramps up infrastructure spending. Under the Infrastructure and Jobs Act, the Biden Administration’s Bipartisan Infrastructure Bill is one of the largest infrastructure bills in U.S. history.
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Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Deere & Company (NYSE:DE) has largely underperformed the broader market despite strong top line and EPS growth last year. Caterpillar (CAT) Caterpillar (NYSE:CAT) stock has responded favorably to the growing infrastructure spending and equipment demand. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Infrastructure stocks are set to outperform over the next decade as the United States ramps up infrastructure spending.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Infrastructure stocks are set to outperform over the next decade as the United States ramps up infrastructure spending. Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Deere & Company (NYSE:DE) has largely underperformed the broader market despite strong top line and EPS growth last year. While the market ignores Deere’s 2023 EPS growth, investors should buy the stock before the share price catches up with the company’s fundamentals.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Infrastructure stocks are set to outperform over the next decade as the United States ramps up infrastructure spending. Under the Infrastructure and Jobs Act, the Biden Administration’s Bipartisan Infrastructure Bill is one of the largest infrastructure bills in U.S. history. This new deal will drive investment in public infrastructure to build roads, bridges, rails, schools, high-speed internet, access to clean drinking water and widespread clean energy infrastructure.
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c1b7a10a-f69b-4f07-ab27-804417a9401f
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720343.0
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2023-08-25 00:00:00 UTC
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After Beating Earnings, Can Deere & Co. Weather a Potential Tractor-Market Slump?
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https://www.nasdaq.com/articles/after-beating-earnings-can-deere-co.-weather-a-potential-tractor-market-slump
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Deere & Co. (NYSE: DE) recently seized the spotlight with a remarkable achievement -- surpassing earnings-per-share estimates by over 24%, capping off a full year of beating earnings estimates. As the agricultural market faces traditional cyclical shifts and potential uncertainties, investors may wonder if recent victories can safeguard the company from a market downturn. A careful examination that digs into the potency of Deere's earnings triumph against the backdrop of an often fickle agricultural industry could offer further insight.
Robust earnings propel Deere & Co. forward
The third quarter of 2023 marked a milestone for Deere. The major equipment supplier, which also has heavy stakes in financial services, reported net income of over $2.9 billion, a substantial leap from the previous year's $1.8 billion. A 10% surge in net sales complemented this stellar performance. Such results underscore Deere's execution and its advantageous positioning as a leader within the industry. Sturdy order books bolster this achievement, showcasing effective capitalization on opportunity.
The company's global net sales and revenues grew by an impressive 12% to reach $15.801 billion for the quarter ended in July. Over a span of nine months, net sales witnessed a remarkable surge of 24%, reaching over $45.8 billion. Each of these elements showcases a resilience and strength both of current market conditions and the strategy employed by Deere's leadership to sustain growth and continue to build on previous successes. These figures further illustrate how Deere continues to exceed expectations in a highly dynamic agriculture market, as supply chain woes continue to subside, offering opportunity for Deere to escalate manufacturing and work through a backlog of deliveries.
John C. May, the company's chairman and CEO, emphasized that Deere continues to capitalize on current favorable market conditions and a progressively improving operational landscape. The company revised its full-year net income upward to a range of $9.75 billion to $10 billion. Such optimism underscores the company's confidence in its future trajectory.
Deere's strategic resilience amid market fluctuations
As the market anticipates potential headwinds due to the traditionally cyclic nature of agriculture and tractor purchases, Deere's strategic foresight and resilient financial performance position it as a stalwart and consistent player in the evolving landscape. Amid the uncertainties, the company's prudent business plans and adaptability contribute to its lasting success. Deere's Smart Industrial Strategy makes it easier for the company to capitalize on potential upswings as supply chain logistics return to a new normal, and the Smart Industrial model helps anticipate market cycles so production may adjust accordingly.
These strategies and initiatives ultimately help investors build confidence in the company's ability to weather market volatilities. They offer further support for the belief that Deere's strategic approach allows it to navigate fluctuations while ensuring growth potential.
Should crop prices shift unexpectedly, the tractor industry faces the very real possibility of a slump, which could threaten both small and large agricultural manufacturing plans and slow the growth of Deere's order books. Lowered grain prices could leave farmers hesitant to make new purchases. However, the demand for equipment remains robust, particularly within the large agriculture segment.
Deere's eggs don't all rest in the same proverbial basket. Along with large agriculture, inroads into construction and forestry as well as financial services help bolster the storied manufacturing organization's bottom line. Net sales in construction and forestry gained 14% over the previous year, and operating profits for the same segment rose by an impressive 39%. Small agriculture and turf sales only rose by 3%, but operational profits in this segment climbed 33% over the previous year. Financial services also saw a 3% gain in net income over the same period in the previous year.
Resilience prevails amid uncertainties
The North American agricultural market benefits from a solid price foundation as fluctuating weather patterns and geopolitical events continue to limit grain supplies. As supply goes down, prices go up, but these same elements could have a major effect on farm profitability should they swing the other way, limiting new or used equipment purchases. Despite potential shifts and unforeseen obstacles, conditions demonstrate notable support for pricing and provide opportunities for companies prepared to seize them.
While the future of the agricultural market at large remains uncertain, Deere's recent earnings triumph underscores its resilience and adaptability. Strategic execution and positive market fundamentals contribute to the company's confidence in the near term. As investors evaluate the landscape, the prudent approach appears to be one of vigilance.
Armed with insights into Deere's ability to navigate market fluctuations, investors would do well to hold their positions and await clearer signs to avoid shifts that could potentially undermine long-term gains. As it continues to showcase exceptional strength, Deere's steadfastness confirms the company's place as a beacon of stability when facing potential, only sometimes proverbial, storms.
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Nicholas Robbins 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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Should crop prices shift unexpectedly, the tractor industry faces the very real possibility of a slump, which could threaten both small and large agricultural manufacturing plans and slow the growth of Deere's order books. Armed with insights into Deere's ability to navigate market fluctuations, investors would do well to hold their positions and await clearer signs to avoid shifts that could potentially undermine long-term gains. Deere & Co. (NYSE: DE) recently seized the spotlight with a remarkable achievement -- surpassing earnings-per-share estimates by over 24%, capping off a full year of beating earnings estimates.
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As the agricultural market faces traditional cyclical shifts and potential uncertainties, investors may wonder if recent victories can safeguard the company from a market downturn. Deere's strategic resilience amid market fluctuations As the market anticipates potential headwinds due to the traditionally cyclic nature of agriculture and tractor purchases, Deere's strategic foresight and resilient financial performance position it as a stalwart and consistent player in the evolving landscape. While the future of the agricultural market at large remains uncertain, Deere's recent earnings triumph underscores its resilience and adaptability.
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These figures further illustrate how Deere continues to exceed expectations in a highly dynamic agriculture market, as supply chain woes continue to subside, offering opportunity for Deere to escalate manufacturing and work through a backlog of deliveries. Deere's strategic resilience amid market fluctuations As the market anticipates potential headwinds due to the traditionally cyclic nature of agriculture and tractor purchases, Deere's strategic foresight and resilient financial performance position it as a stalwart and consistent player in the evolving landscape. Deere's Smart Industrial Strategy makes it easier for the company to capitalize on potential upswings as supply chain logistics return to a new normal, and the Smart Industrial model helps anticipate market cycles so production may adjust accordingly.
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As the agricultural market faces traditional cyclical shifts and potential uncertainties, investors may wonder if recent victories can safeguard the company from a market downturn. While the future of the agricultural market at large remains uncertain, Deere's recent earnings triumph underscores its resilience and adaptability. Deere & Co. (NYSE: DE) recently seized the spotlight with a remarkable achievement -- surpassing earnings-per-share estimates by over 24%, capping off a full year of beating earnings estimates.
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e7af9dd4-182d-468f-8ba8-dc6b39cddaab
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720344.0
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2023-08-24 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-0
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
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.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most 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 investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow 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 is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure 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.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease 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 72nd-largest company in the S&P 500 Index with a market capitalization of around $115 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 11.78; value investors should take notice.
12 analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $1.57 to $33.48 per share. DE also 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.
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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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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. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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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. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
|
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 is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
|
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. It also includes access to the Zacks Style Scores.
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58b0340e-1e8c-4e54-a3e6-2e4f9fffd91e
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720345.0
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2023-08-24 00:00:00 UTC
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Should You Buy Deere Stock After A 10% Fall In A Week Despite Solid Q3?
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-stock-after-a-10-fall-in-a-week-despite-solid-q3
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nan
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nan
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Deere stock (NYSE: DE) dropped 10% in a week despite a Q3 beat in performance and improved guidance. We believe the selling in Deere is overdone, and investors will likely be better off buying this dip for reasonable gains in the long run.
Interestingly, DE stock had a Sharpe Ratio of 0.8 since early 2017, higher than 0.6 for the S&P 500 Index over the same period. Still, it falls short of the Sharpe of 1.3 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.
Deere’s revenues were up 12% to $15.8 billion in fiscal Q3’23 (fiscal ends in October). 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 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 farming and construction equipment.
The company’s consolidated operating margin improved by 350 bps to 22.3%, aided by better price realization. The earnings of $10.20 on a per share basis were up 66% from $6.16 in the prior-year quarter, and this was well above the consensus estimate of $8.21. The rise in earnings can be attributed to higher sales and improved operating margins.
Not only did Deere exceed the street expectations in Q3, but it also raised its full-year outlook. It now expects its fiscal 2023 net income to be between $9.75 billion and $10 billion, vs. its prior forecast of $9.25 billion to $9.50 billion. It also raised its Construction & Forestry segment sales forecast from 15% growth earlier to 15%-20% growth now. So, why did the stock decline? Investors are likely in consensus about 2023 being a record year for Deere, but they seem to be worried about the company’s future growth. The investors are concerned that the ongoing tractor boom may be nearing its end and that agriculture equipment demand may decline going forward. Note that the U.S. farm income is expected to decline in the mid-teens in 2023. Still, farmers are upgrading machinery despite the crop-price slump. Deere may see tepid volume growth for its agricultural equipment in fiscal 2024. That said, after its recent correction, DE stock appears attractive from a valuation perspective.
We have updated our model to reflect the latest quarterly performance and expect the company to post sales of $55.3 billion (equipment operations) and adjusted EPS of $32.50 in fiscal 2023. We believe that Deere will continue to benefit from a robust demand environment, margin expansion, and strong price realization. Looking at the stock price, we estimate Deere’s Valuation to be $475 per share, about 21% above the current market price of $391. At its current levels, DE stock is trading at 12x its expected forward earnings of $32.50 on a per share and adjusted basis for full-fiscal 2023, compared to the last three-year average of 14x, implying ample room for growth.
While DE stock looks like it can see higher levels, 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 Aug 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DE Return -9% -9% 279%
S&P 500 Return -4% 15% 97%
Trefis Reinforced Value Portfolio -6% 28% 558%
[1] Month-to-date and year-to-date as of 8/22/2023
[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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The investors are concerned that the ongoing tractor boom may be nearing its end and that agriculture equipment demand may decline going forward. We have updated our model to reflect the latest quarterly performance and expect the company to post sales of $55.3 billion (equipment operations) and adjusted EPS of $32.50 in fiscal 2023. At its current levels, DE stock is trading at 12x its expected forward earnings of $32.50 on a per share and adjusted basis for full-fiscal 2023, compared to the last three-year average of 14x, implying ample room for growth.
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We have updated our model to reflect the latest quarterly performance and expect the company to post sales of $55.3 billion (equipment operations) and adjusted EPS of $32.50 in fiscal 2023. Total [2] DE Return -9% -9% 279% S&P 500 Return -4% 15% 97% Trefis Reinforced Value Portfolio -6% 28% 558% [1] Month-to-date and year-to-date as of 8/22/2023 [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. Deere stock (NYSE: DE) dropped 10% in a week despite a Q3 beat in performance and improved guidance.
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Looking at the stock price, we estimate Deere’s Valuation to be $475 per share, about 21% above the current market price of $391. Total [2] DE Return -9% -9% 279% S&P 500 Return -4% 15% 97% Trefis Reinforced Value Portfolio -6% 28% 558% [1] Month-to-date and year-to-date as of 8/22/2023 [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. Deere stock (NYSE: DE) dropped 10% in a week despite a Q3 beat in performance and improved guidance.
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So, why did the stock decline? Looking at the stock price, we estimate Deere’s Valuation to be $475 per share, about 21% above the current market price of $391. Deere stock (NYSE: DE) dropped 10% in a week despite a Q3 beat in performance and improved guidance.
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55f6b3f7-8695-4838-85d2-7ef59078887a
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720346.0
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2023-08-23 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-5
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DEERE & COMPANY (DE). This momentum model looks for a combination of fundamental momentum and price momentum.
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629b397d-a8bc-4262-9e4d-8ccdf0dab0a5
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720347.0
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2023-08-22 00:00:00 UTC
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Should You Invest in the iShares MSCI Agriculture Producers ETF (VEGI)?
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DE
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https://www.nasdaq.com/articles/should-you-invest-in-the-ishares-msci-agriculture-producers-etf-vegi-0
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nan
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nan
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If you're interested in broad exposure to the Materials - Agribusiness segment of the equity market, look no further than the iShares MSCI Agriculture Producers ETF (VEGI), a passively managed exchange traded fund launched on 01/31/2012.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also 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 16, placing it in bottom 0%.
Index Details
The fund is sponsored by Blackrock. It has amassed assets over $207.34 million, making it one of the average sized ETFs attempting to match the performance of the Materials - Agribusiness segment of the equity market. VEGI seeks to match the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index before fees and expenses.
The MSCI ACWI Select Agriculture Producers Investable Market Index measures the equity performance of companies in both developed and emerging markets that are primarily engaged in the business of agriculture at or near the initial phase of agricultural input and production.
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 0.39%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 2.06%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Deere (DE) accounts for about 21.94% of total assets, followed by Archer Daniels Midland (ADM) and Corteva Inc (CTVA).
Performance and Risk
So far this year, VEGI has lost about -7.73%, and is down about -8.45% in the last one year (as of 08/22/2023). During this past 52-week period, the fund has traded between $37.03 and $45.76.
The ETF has a beta of 0.89 and standard deviation of 19.70% for the trailing three-year period, making it a medium risk choice in the space. With about 192 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares MSCI Agriculture Producers 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, VEGI is a sufficient 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.
VanEck Agribusiness ETF (MOO) tracks MVIS Global Agribusiness Index. The fund has $1.08 billion in assets. MOO has an expense ratio of 0.53%.
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
iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports
Deere & Company (DE) : Free Stock Analysis Report
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
VanEck Agribusiness ETF (MOO): ETF Research Reports
Corteva, Inc. (CTVA) : 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.
|
If you're interested in broad exposure to the Materials - Agribusiness segment of the equity market, look no further than the iShares MSCI Agriculture Producers ETF (VEGI), a passively managed exchange traded fund launched on 01/31/2012. VEGI seeks to match the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index before fees and expenses. Index Details The fund is sponsored by Blackrock.
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VEGI seeks to match the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index before fees and expenses. The MSCI ACWI Select Agriculture Producers Investable Market Index measures the equity performance of companies in both developed and emerging markets that are primarily engaged in the business of agriculture at or near the initial phase of agricultural input and production. Click to get this free report iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report VanEck Agribusiness ETF (MOO): ETF Research Reports Corteva, Inc. (CTVA) : Free Stock Analysis Report 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 iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report VanEck Agribusiness ETF (MOO): ETF Research Reports Corteva, Inc. (CTVA) : Free Stock Analysis Report To read this article on Zacks.com click here. If you're interested in broad exposure to the Materials - Agribusiness segment of the equity market, look no further than the iShares MSCI Agriculture Producers ETF (VEGI), a passively managed exchange traded fund launched on 01/31/2012.
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If you're interested in broad exposure to the Materials - Agribusiness segment of the equity market, look no further than the iShares MSCI Agriculture Producers ETF (VEGI), a passively managed exchange traded fund launched on 01/31/2012. VEGI seeks to match the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index before fees and expenses. Click to get this free report iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report VanEck Agribusiness ETF (MOO): ETF Research Reports Corteva, Inc. (CTVA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3d274357-37f5-4359-8a37-dd0be3f05789
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720348.0
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2023-08-22 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-0
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nan
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nan
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Designed to provide broad exposure to the Materials - Agribusiness segment of the equity market, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund launched on 08/31/2007.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient 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 16, placing it in bottom 0%.
Index Details
The fund is sponsored by Van Eck. It has amassed assets over $1.08 billion, 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 2.25%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Deere & Co (DE) accounts for about 8.59% of total assets, followed by Zoetis Inc (ZTS) and Nutrien Ltd (NTR).
The top 10 holdings account for about 46.78% of total assets under management.
Performance and Risk
Year-to-date, the VanEck Agribusiness ETF has lost about -4.33% so far, and is down about -9.11% over the last 12 months (as of 08/22/2023). MOO has traded between $77.15 and $95.87 in this past 52-week period.
The ETF has a beta of 0.94 and standard deviation of 18.28% for the trailing three-year period, making it a low risk choice in the space. With about 54 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 $207.34 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
Nutrien Ltd. (NTR) : 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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Looking at individual holdings, Deere & Co (DE) accounts for about 8.59% of total assets, followed by Zoetis Inc (ZTS) and Nutrien Ltd (NTR). The ETF has a beta of 0.94 and standard deviation of 18.28% for the trailing three-year period, making it a low risk choice in the space. Designed to provide broad exposure to the Materials - Agribusiness segment of the equity market, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund launched on 08/31/2007.
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Designed to provide broad exposure to the Materials - Agribusiness segment of the equity market, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund launched on 08/31/2007. 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 Nutrien Ltd. (NTR) : Free Stock Analysis Report 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 Nutrien Ltd. (NTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Designed to provide broad exposure to the Materials - Agribusiness segment of the equity market, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund launched on 08/31/2007.
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The ETF has a beta of 0.94 and standard deviation of 18.28% for the trailing three-year period, making it a low risk choice in the space. 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 Nutrien Ltd. (NTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Designed to provide broad exposure to the Materials - Agribusiness segment of the equity market, the VanEck Agribusiness ETF (MOO) is a passively managed exchange traded fund launched on 08/31/2007.
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2a31e5fe-cf8c-4f40-bc22-49e4aade2047
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720349.0
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2023-08-22 00:00:00 UTC
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Deere is Oversold
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DE
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https://www.nasdaq.com/articles/deere-is-oversold-0
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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 Tuesday, shares of DE entered into oversold territory, changing hands as low as $386.83 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 44.3. 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/share (currently paid in quarterly installments) works out to an annual yield of 1.28% based upon the recent $390.79 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:
Cheap Financial Stocks
VFC Historical Stock Prices
Funds Holding DWSH
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 44.3. Indeed, DE's recent annualized dividend of 5/share (currently paid in quarterly installments) works out to an annual yield of 1.28% based upon the recent $390.79 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 44.3. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: Cheap Financial Stocks VFC Historical Stock Prices Funds Holding DWSH 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. Indeed, DE's recent annualized dividend of 5/share (currently paid in quarterly installments) works out to an annual yield of 1.28% based upon the recent $390.79 share price. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history.
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290d1a83-8b39-4d38-87c8-ec9fba76c77f
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720350.0
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2023-08-21 00:00:00 UTC
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Strength in Technology Stocks Leads the Overall Market Higher
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DE
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https://www.nasdaq.com/articles/strength-in-technology-stocks-leads-the-overall-market-higher
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nan
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nan
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What you need to know…
The S&P 500 Index ($SPX) (SPY) Monday closed up +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%.
Stocks on Monday settled mostly higher on a rally led by chip stocks and the technology sector. Also, cybersecurity stocks rose after Palo Alto Networks forecast stronger-than-expected full-year billings. In addition, an increase in M&A activity was bullish for stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion.
Johnson & Johnson fell more than -2% Monday to hold the Dow Jones Industrials in negative territory. Also, stocks were under pressure from higher bond yields after the 10-year T-note yield rose to a 16-year high.
Global equity markets had some negative carryover from a fall in China’s Shanghai Composite Stock Index to a 7-1/2 month low Monday on economic concerns after Chinese banks cut their prime loan rates less than expected.
In consultation with state-owned commercial banks, the People's Bank of China (PBOC) cut the 1-year loan prime rate by -10 bp to 3.45%, a smaller cut than expectations of -15 bp to 3.40%. Also, the 5-year loan prime rate was left unchanged at 4.20% versus expectations for a -15 bp cut to 4.05%.
The markets are discounting the odds at 12% for a +25 bp rate hike at the September 20 FOMC meeting and at 45% for that +25 bp rate hike at the November 1 FOMC meeting.
Global bond yields Monday moved higher. The 10-year T-note yield jumped to a 16-year high of 4.352% and finished up +8.1 bp at 4.336%. The 10-year German bund yield rose +8.1 bp to 2.703%. The 10-year UK gilt yield rose +5.4 bp to 4.729%.
Overseas stock markets on Monday settled mixed. The Euro Stoxx 50 closed up +0.28%. China’s Shanghai Composite Index closed down -1.24%. Japan’s Nikkei Stock Index closed up +0.37%.
Today’s stock movers…
Cybersecurity stocks moved higher Monday after Palo Alto Networks forecast 2024 billing of $10.9 billion-$11.0 billion, stronger than the consensus of $10.77 billion. As a result, Palo Alto Networks (PANW) closed up more than +14% to lead gainers in the S&P 500 and Nasdaq 100. Also, CrowdStrike Holdings (CRWD) and Zscaler (ZS) closed up more than +4%, and Fortinet (FTNT) closed up more than +1%.
Moderna (MRNA) closed up more than +9% after a weekend article in Barron’s said the company’s big cash position and recent decline make it an appealing buy.
Nvidia (NVDA) closed up more than +8% to lead chip stocks higher after KeyBanc Capital Markets raised its price target on the stock to $620 from $550. Also, Applied Materials (AMAT), Broadcom (AVGO), and Marvell Technology (MRVL) closed up more than +4%. In addition, Advanced Micro Devices (AMD), NXP Semiconductors NV (NXPI), KLA Corp (KLAC), Lam Research (LRCX), and ON Semiconductor (ON) closed up more than +2%.
SentinelOne (S) closed up more than +16% on a report from Reuters that said the company has been exploring strategic options that could include a sale.
Earthstone Energy (ESTE) closed up more than +16% after Permian Resources acquired the company in a deal valued at $4.5 billion.
Sculptor Capital Management (SCU) closed up more than +5% after it said 70 potential buyers had contacted its advisers after it disclosed that it was pursuing strategic options.
VMware (VMW) closed up more than +4% after Broadcom said it expects its acquisition of the company will close Oct 30 after the UK CMA gave its final transaction approval.
Insulet (PODD) closed down more than -4% to lead losers in the S&P 500 after Baird downgraded the stock to neutral from outperform and cut its price target on the stock to $219 from $320.
Estee Lauder (EL) closed down more than -3% after Evercore ISI cut its price target on the stock to $200 from $250.
Johnson & Johnson (JNJ) closed down more than -2% to lead losers in the Dow Jones Industrials after it said it plans to accept only 23.8% of its shares swapped for Kenvue stock, below consensus for 25% to 30% of stock exchanged. J&J split its consumer healthcare business named Kenvue into a new publicly traded company.
Newell Brands (NWL) closed down more than -2% after Moody’s downgraded the company’s long-term corporate debt rating to Ba2 from Ba1.
Napco Security Technologies (NSSC) closed down more than -45% after it said it would have to restate three quarters of financial statements.
Deere & Co (DE) closed down more than -1% after Stifel cut its price target on the stock to $460 from $493.
Across the markets…
September 10-year T-notes (ZNU23) Monday closed down -18 ticks, and the 10-year T-note yield rose +8.1 bp to 4.336%. Sep T-notes Monday sold off to a 10-month nearest-futures low, and the 10-year T-note yield rose to a 16-year high of 4.352%. Higher European government bond yields Monday pressured T-note prices. Also, Monday’s strength in stocks curbed the safe-haven demand for T-notes. In addition, speculation that Fed Chair Powell will remain hawkish when he speaks Friday at the Fed’s annual symposium in Jackson Hole, Wyoming, weighed on T-note prices.
More Stock Market News from Barchart
Dollar Slightly Lower as Stocks Move Higher 2 Top EV Stocks to Buy on the Dip 3 Dividend Stocks to Buy for Worry-Free Passive Income Does Lyft's CEO Know Something Analysts Don't?
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Global equity markets had some negative carryover from a fall in China’s Shanghai Composite Stock Index to a 7-1/2 month low Monday on economic concerns after Chinese banks cut their prime loan rates less than expected. Moderna (MRNA) closed up more than +9% after a weekend article in Barron’s said the company’s big cash position and recent decline make it an appealing buy. What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed up +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%.
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In addition, an increase in M&A activity was bullish for stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion. What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed up +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. Also, stocks were under pressure from higher bond yields after the 10-year T-note yield rose to a 16-year high.
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What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed up +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. More Stock Market News from Barchart Dollar Slightly Lower as Stocks Move Higher 2 Top EV Stocks to Buy on the Dip 3 Dividend Stocks to Buy for Worry-Free Passive Income Does Lyft's CEO Know Something Analysts Don't? In addition, an increase in M&A activity was bullish for stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion.
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What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed up +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. In addition, an increase in M&A activity was bullish for stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion. Also, stocks were under pressure from higher bond yields after the 10-year T-note yield rose to a 16-year high.
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13eb940a-92f4-46bd-9ea5-7ad81bc9cb80
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720351.0
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2023-08-21 00:00:00 UTC
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Deutsche Bank Maintains Deere (DE) Hold Recommendation
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DE
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https://www.nasdaq.com/articles/deutsche-bank-maintains-deere-de-hold-recommendation-2
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nan
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nan
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Fintel reports that on August 21, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation.
Analyst Price Forecast Suggests 16.84% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 16.84% from its latest reported closing price of 390.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 10.14%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $390.79 / share, the stock's dividend yield is 1.28%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.47 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3226 funds or institutions reporting positions in Deere. This is a decrease of 6 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.49%, a decrease of 11.96%. Total shares owned by institutions decreased in the last three months by 7.01% to 225,291K shares.
The put/call ratio of DE is 1.25, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,409K shares representing 4.23% ownership of the company. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. The firm increased its portfolio allocation in DE by 562.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,346K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 5,232K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in DE by 86.49% over the last quarter.
Bank Of America holds 5,246K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 5,055K shares, representing an increase of 3.64%. The firm decreased its portfolio allocation in DE by 72.24% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Third Quarter
Production &
2 John Deere | 3Q 2023 Earnings Call | August 18, 2023 Safe Harbor Statement and Disclosures This earnings call and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Sec
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
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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Fintel reports that on August 21, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Private Sec Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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At the current share price of $390.79 / share, the stock's dividend yield is 1.28%. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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9a1a4f52-99d4-49fe-aff8-62f004e5cb72
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720352.0
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2023-08-21 00:00:00 UTC
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Credit Suisse Maintains Deere (DE) Outperform Recommendation
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DE
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https://www.nasdaq.com/articles/credit-suisse-maintains-deere-de-outperform-recommendation
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nan
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nan
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Fintel reports that on August 21, 2023, Credit Suisse maintained coverage of Deere (NYSE:DE) with a Outperform recommendation.
Analyst Price Forecast Suggests 16.84% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 16.84% from its latest reported closing price of 390.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 10.14%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $390.79 / share, the stock's dividend yield is 1.28%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.47 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3226 funds or institutions reporting positions in Deere. This is a decrease of 6 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.49%, a decrease of 11.96%. Total shares owned by institutions decreased in the last three months by 7.01% to 225,291K shares.
The put/call ratio of DE is 1.25, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,409K shares representing 4.23% ownership of the company. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. The firm increased its portfolio allocation in DE by 562.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,346K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 5,232K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in DE by 86.49% over the last quarter.
Bank Of America holds 5,246K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 5,055K shares, representing an increase of 3.64%. The firm decreased its portfolio allocation in DE by 72.24% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Third Quarter
Production &
2 John Deere | 3Q 2023 Earnings Call | August 18, 2023 Safe Harbor Statement and Disclosures This earnings call and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Sec
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on August 21, 2023, Credit Suisse maintained coverage of Deere (NYSE:DE) with a Outperform recommendation. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Private Sec Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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At the current share price of $390.79 / share, the stock's dividend yield is 1.28%. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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8913242a-cb5c-4ddc-85f5-12457d486f45
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720353.0
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2023-08-21 00:00:00 UTC
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Stifel Maintains Deere (DE) Buy Recommendation
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DE
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https://www.nasdaq.com/articles/stifel-maintains-deere-de-buy-recommendation-0
|
nan
|
nan
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Fintel reports that on August 21, 2023, Stifel maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
Analyst Price Forecast Suggests 16.84% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 16.84% from its latest reported closing price of 390.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 10.14%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $390.79 / share, the stock's dividend yield is 1.28%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.47 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3226 funds or institutions reporting positions in Deere. This is a decrease of 6 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.49%, a decrease of 11.96%. Total shares owned by institutions decreased in the last three months by 7.01% to 225,291K shares.
The put/call ratio of DE is 1.25, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,409K shares representing 4.23% ownership of the company. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. The firm increased its portfolio allocation in DE by 562.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,346K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 5,232K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in DE by 86.49% over the last quarter.
Bank Of America holds 5,246K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 5,055K shares, representing an increase of 3.64%. The firm decreased its portfolio allocation in DE by 72.24% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Third Quarter
Production &
2 John Deere | 3Q 2023 Earnings Call | August 18, 2023 Safe Harbor Statement and Disclosures This earnings call and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Sec
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
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 payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Private Sec Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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At the current share price of $390.79 / share, the stock's dividend yield is 1.28%. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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3f78725d-81f6-4765-93e2-01227b149a91
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720354.0
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2023-08-21 00:00:00 UTC
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UBS Maintains Deere (DE) Neutral Recommendation
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DE
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https://www.nasdaq.com/articles/ubs-maintains-deere-de-neutral-recommendation
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nan
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nan
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Fintel reports that on August 21, 2023, UBS maintained coverage of Deere (NYSE:DE) with a Neutral recommendation.
Analyst Price Forecast Suggests 16.84% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 16.84% from its latest reported closing price of 390.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 10.14%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $390.79 / share, the stock's dividend yield is 1.28%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.47 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3226 funds or institutions reporting positions in Deere. This is a decrease of 6 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.49%, a decrease of 11.96%. Total shares owned by institutions decreased in the last three months by 7.01% to 225,291K shares.
The put/call ratio of DE is 1.25, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,409K shares representing 4.23% ownership of the company. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. The firm increased its portfolio allocation in DE by 562.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,346K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 5,232K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in DE by 86.49% over the last quarter.
Bank Of America holds 5,246K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 5,055K shares, representing an increase of 3.64%. The firm decreased its portfolio allocation in DE by 72.24% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Third Quarter
Production &
2 John Deere | 3Q 2023 Earnings Call | August 18, 2023 Safe Harbor Statement and Disclosures This earnings call and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Sec
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
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 payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Private Sec Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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At the current share price of $390.79 / share, the stock's dividend yield is 1.28%. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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69407b2a-bbb0-4584-ac5e-c6544d741bfc
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720355.0
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2023-08-21 00:00:00 UTC
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JP Morgan Maintains Deere (DE) Neutral Recommendation
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DE
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https://www.nasdaq.com/articles/jp-morgan-maintains-deere-de-neutral-recommendation
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nan
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nan
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Fintel reports that on August 21, 2023, JP Morgan maintained coverage of Deere (NYSE:DE) with a Neutral recommendation.
Analyst Price Forecast Suggests 16.84% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 16.84% from its latest reported closing price of 390.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 10.14%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $390.79 / share, the stock's dividend yield is 1.28%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.47 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3226 funds or institutions reporting positions in Deere. This is a decrease of 6 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.49%, a decrease of 11.96%. Total shares owned by institutions decreased in the last three months by 7.01% to 225,291K shares.
The put/call ratio of DE is 1.25, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,409K shares representing 4.23% ownership of the company. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. The firm increased its portfolio allocation in DE by 562.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,346K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 5,232K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in DE by 86.49% over the last quarter.
Bank Of America holds 5,246K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 5,055K shares, representing an increase of 3.64%. The firm decreased its portfolio allocation in DE by 72.24% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Third Quarter
Production &
2 John Deere | 3Q 2023 Earnings Call | August 18, 2023 Safe Harbor Statement and Disclosures This earnings call and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Sec
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
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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Fintel reports that on August 21, 2023, JP Morgan maintained coverage of Deere (NYSE:DE) with a Neutral recommendation. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Private Sec Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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At the current share price of $390.79 / share, the stock's dividend yield is 1.28%. In it's prior filing, the firm reported owning 13,065K shares, representing a decrease of 5.29%. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company.
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48a95cef-ff0b-44df-934f-163ec236bf01
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720356.0
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2023-08-21 00:00:00 UTC
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Why Deere Stock Is Falling Today
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DE
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https://www.nasdaq.com/articles/why-deere-stock-is-falling-today
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nan
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nan
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What happened
Shares of Deere (NYSE: DE) fell flat on Friday despite the company posting better-than-expected earnings. Wall Street gave its judgment on the quarter over the weekend and there was little there to change investor impressions, sending Deere shares down as much as 3% on Monday.
So what
Deere is seeing strong demand from the agriculture industry, helping it to post fiscal third-quarter results that easily topped expectations. The company also raised its guidance for full-year net income, saying it expects net sales at its farm equipment division to be up 20% year over year.
Yet, despite the good commentary Deere shares fell following earnings. Agriculture is a notoriously cyclical business, and Deere shares were up more than 30% since last October prior to the earnings release. Investors appear concerned that this is the best it will get for Deere this cycle, and used the earnings release to take gains and move to the sidelines.
Over the weekend, Wall Street analysts chimed in and provided very little clarity. Bank of America raised its price target on Deere but kept a neutral rating on its shares, citing its concern the cycle is at "peak ag." UBS also raised its price target but kept a neutral rating, saying "the jury is still out" on 2024 volumes.
At least four other banks lowered their price targets on the company, all with similar concerns about where market demand goes from here.
Now what
Deere has been an amazing performer for an industrial stock, beating the S&P 500 by more than 120 percentage points over the past five years. The company is well run and has invested well in technology, making its heavy equipment more appealing to farm buyers. But the cyclicality question will always linger over the stock.
For long-term focused investors, cycles matter less because good operators tend to grow through the ups and downs and deliver positive returns over time. But for those caught up in Wall Street's near-term expectations, there is clearly a belief that the rally can't go much further from here.
The post-earnings sell-off is rational, but investors who are willing and able to look past the business cycle have nothing to fear holding these shares.
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Bank of America is an advertising partner of The Ascent, a Motley Fool company. Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America. 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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Wall Street gave its judgment on the quarter over the weekend and there was little there to change investor impressions, sending Deere shares down as much as 3% on Monday. Bank of America raised its price target on Deere but kept a neutral rating on its shares, citing its concern the cycle is at "peak ag." For long-term focused investors, cycles matter less because good operators tend to grow through the ups and downs and deliver positive returns over time.
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Over the weekend, Wall Street analysts chimed in and provided very little clarity. Bank of America raised its price target on Deere but kept a neutral rating on its shares, citing its concern the cycle is at "peak ag." The Motley Fool recommends Deere.
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Bank of America raised its price target on Deere but kept a neutral rating on its shares, citing its concern the cycle is at "peak ag." 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen. What happened Shares of Deere (NYSE: DE) fell flat on Friday despite the company posting better-than-expected earnings.
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Agriculture is a notoriously cyclical business, and Deere shares were up more than 30% since last October prior to the earnings release. What happened Shares of Deere (NYSE: DE) fell flat on Friday despite the company posting better-than-expected earnings. Wall Street gave its judgment on the quarter over the weekend and there was little there to change investor impressions, sending Deere shares down as much as 3% on Monday.
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027762b1-f11c-44ca-8d42-18fe6237c55b
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720357.0
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2023-08-21 00:00:00 UTC
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John Deere Beats on Q3 Earnings, Ups View: 5 ETFs to Buy
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DE
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https://www.nasdaq.com/articles/john-deere-beats-on-q3-earnings-ups-view%3A-5-etfs-to-buy
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nan
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nan
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The world’s largest agricultural equipment maker under the iconic John Deere brand, Deere & Co DE, reported robust third-quarter fiscal 2023 results, beating estimates on both counts. The company also lifted its profit outlook for the fiscal year.
Despite the solid results, Deere shares dropped 5.3% on the day amid concerns about how long the tractor and farm boom could last. This has put ETFs with the largest allocation to this farm equipment giant in focus. These funds include iShares MSCI Agriculture Producers ETF VEGI, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO, VanEck Natural Resources ETF HAP and VanEck Future of Food ETF YUMY.
Deere’s earnings per share came in at $10.20, well above the Zacks Consensus Estimate of $8.14 and up a whopping 66% from the year-ago earnings. Total net revenues increased 10% year over year to $14.3 billion and beat the Zacks Consensus Estimate of $14.2 billion. The results were fueled by robust global demand and easing supply chains (read: 5 ETFs to Ride On Solid Q2 Economic Growth).
For fiscal 2023, the farm equipment giant lifted its net income guidance to $9.75-$10 billion from the previous projection of $9.25 billion-$9.5 billion, citing positive fundamentals in the farm and construction sectors.
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 156 stocks in its basket, Deere takes the top spot at 22.2% share. American firms account for 61% of the assets, while Canada, Norway and India round off the next three spots.
iShares MSCI Agriculture Producers ETF is less popular and illiquid, with $211.5 million in AUM and around 40,000 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 10.2%. From the perspective of industrial exposure, materials takes the largest share at 47.6%, followed by 31.2% in industrials and 9.7% in healthcare. Here again, the United States is the top country with a 33.1% share, while Germany takes a 20.5% share.
First Trust Indxx Global Agriculture ETF is an overlooked ETF, having accumulated $13.3 million in AUM and trading in an average daily volume of about 3,000 shares. It charges 70 bps in annual fees.
VanEck Vectors Agribusiness ETF (MOO)
VanEck Agribusiness ETF is by far the most popular choice in the space, with an AUM of about $1.1 billion and an average daily volume of 64,000 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 61 securities in its basket, with John Deere capturing the second position with an 8.6% share. It charges 53 bps in annual fees.
VanEck Vectors Natural Resources ETF (HAP)
With AUM of $124.8 million, VanEck Natural Resources ETF offers exposure to companies that are involved in the production and distribution of commodities and commodity-related products and services in the following sectors — Agriculture, Alternatives (Water & Alternative Energy), Base and Industrial Metals, Energy, Forest Products, and Precious Metals. It tracks the VanEck Natural Resources Index, holding 449 stocks in its basket. John Deere takes the top spot at 5.1% of the assets. Here too, American firms dominate the portfolio with nearly 50.2% share. Energy is the top sector, with 44.7%.
VanEck Natural Resources ETF charges 50 bps in annual fees and trades in an average daily volume of 21,000 shares.
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 42 stocks in its basket, with Deere taking the top spot at 6.4%. American firms dominate the portfolio with a 53.2% share (read: 4 Sector ETFs to Fight Sticky Inflation).
VanEck Future of Food ETF has been able to manage $3.3 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.
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Deere & Company (DE) : Free Stock Analysis Report
VanEck Agribusiness ETF (MOO): ETF Research Reports
iShares MSCI Agriculture Producers ETF (VEGI): ETF Research Reports
VanEck Natural Resources ETF (HAP): ETF Research Reports
First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports
VanEck Future of Food ETF (YUMY): 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 results were fueled by robust global demand and easing supply chains (read: 5 ETFs to Ride On Solid Q2 Economic Growth). 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 Natural Resources ETF charges 50 bps in annual fees and trades in an average daily volume of 21,000 shares.
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These funds include iShares MSCI Agriculture Producers ETF VEGI, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO, VanEck Natural Resources ETF HAP 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 VanEck Natural Resources ETF (HAP): ETF Research Reports First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports VanEck Future of Food ETF (YUMY): 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, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO, VanEck Natural Resources ETF HAP 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 VanEck Natural Resources ETF (HAP): ETF Research Reports First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports VanEck Future of Food ETF (YUMY): ETF Research Reports To read this article on Zacks.com click here.
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The world’s largest agricultural equipment maker under the iconic John Deere brand, Deere & Co DE, reported robust third-quarter fiscal 2023 results, beating estimates on both counts. These funds include iShares MSCI Agriculture Producers ETF VEGI, First Trust Indxx Global Agriculture ETF FTAG, VanEck Agribusiness ETF MOO, VanEck Natural Resources ETF HAP 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 VanEck Natural Resources ETF (HAP): ETF Research Reports First Trust Indxx Global Agriculture ETF (FTAG): ETF Research Reports VanEck Future of Food ETF (YUMY): ETF Research Reports To read this article on Zacks.com click here.
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4f42a1e2-6265-4331-83b1-474ae897c39a
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720358.0
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2023-08-21 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-12
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DEERE & COMPANY (DE). This momentum model looks for a combination of fundamental momentum and price momentum.
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1c633f7e-be47-48a6-944f-b9d8a36b2b99
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720359.0
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2023-08-21 00:00:00 UTC
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Farming Boom Fears Create a Buying Opportunity in Deere & Company
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DE
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https://www.nasdaq.com/articles/farming-boom-fears-create-a-buying-opportunity-in-deere-company
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nan
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nan
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Shares of Deere & Company (NYSE: DE) are trading lower by as much as 4.8% during Friday's trading session, a reaction that opens up a vast disconnect between the company's second quarter 2023 earnings results and the current valuation.
This name enjoys an underlying industry push benefitting other similar words in the space as the machinery (especially farming and construction-focused) niches ride on rising demand. However, there are some fears of slowing orders in farming now that grain prices are normalizing.
When it comes to Deere, management has raised future guidance and outlooks despite the doubts surrounding potential demand in the space; perhaps investors have the chance to shrug the worries off and still consider a potential purchase for a breakout in the stock.
Still Rocking
Within management's presentation, investors can note a few significant developments that can increase their confidence levels in this name. Leading with a net sales increase of 12%, which not only beats the rampant inflation rates experienced in the U.S. economy during 2022, these advances are all the more impressive considering the company's massive size.
Growing double-digit sales is hard to accomplish when market capitalizations cross the $100 billion mark, one which Deere crossed long ago. Money likes growth, of course, and most smart money is still asleep behind the wheel, waiting for a "buy now" wake-up call.
Even more impressive, and where investors can begin to celebrate louder, is the 66% annual jump in diluted earnings per share. Considering that the stock has only risen by 8.9% during the same period, investors are witnessing another wide discrepancy between price action and financial performance.
Management expects further double-digit growth figures for the second half of 2023. However, margins should expand further and boost earnings jumps for investors. Bears shouting about an industry slowdown may be dumbfounded by these outlooks.
Words are hard to measure, especially when management and insiders get a chance at the podium; dollars and cents are more of a tangible message sent from within. In the case of Deere, the scale would show $4.6 billion, reflecting the amount of capital allocated toward share repurchases.
Buying back as many as 13.6 million shares from the open market will tell investors two things: First, management is confident in their ability to achieve the provided growth outlooks, and second; insiders themselves believe the stock to be relatively cheap enough to buy in bulk.
Despite not providing a solid dollar figure, Deere management also mentioned a rise in advance-order bookings. These positive points quickly make the slowdown threats go up in smoke, opening up the way for investors to gain potential exposure to the new upside.
Cheap Enough?
Management teams are not the only ones seeing double-digit upside potential in the stock's future; Deere analyst ratings point toward a 15.3% consensus upside from today's prices. However, these targets may need to be revised after analysts factor in the results from the past quarter.
Comparing Deere stock to other industry giants like Caterpillar (NYSE: CAT) can aid investors in a more educated decision. The same fear wave has hit this stock, as its latest quarterly results hint at a potentially overextended infrastructure market.
However, Deere's product mix and business model expose the stock to different business cycles, and analysts rightly point this out via their respective price targets. Conversely to Deere, Caterpillar analyst ratings see a net downside of 2.1%; the question now becomes whether the broader market is on board with this view.
Deere's valuation metrics will close the loop for investors still on the fence about these farming cycle fears, as the stock can be picked up for a price-to-earnings ratio of 14x. This ratio is lower than the broader S&P 500 and cheaper than Caterpillar's 17.1x.
These relative metrics are now being exacerbated by the near double-digit selloff today. There is an underlying push from valuations and financials coming to the stock in the coming months, creating an opportunity to catch up on its underperformance to Caterpillar.
Deere needs to rise by as much as 32% to play catch up to close its performance gap with Caterpillar stock. Is this feasible? Management is buying the stock and pointing toward rising demand in order books and double-digit jumps to be reported in the second half of 2023.
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 name enjoys an underlying industry push benefitting other similar words in the space as the machinery (especially farming and construction-focused) niches ride on rising demand. Leading with a net sales increase of 12%, which not only beats the rampant inflation rates experienced in the U.S. economy during 2022, these advances are all the more impressive considering the company's massive size. Deere's valuation metrics will close the loop for investors still on the fence about these farming cycle fears, as the stock can be picked up for a price-to-earnings ratio of 14x.
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Growing double-digit sales is hard to accomplish when market capitalizations cross the $100 billion mark, one which Deere crossed long ago. Management teams are not the only ones seeing double-digit upside potential in the stock's future; Deere analyst ratings point toward a 15.3% consensus upside from today's prices. Management is buying the stock and pointing toward rising demand in order books and double-digit jumps to be reported in the second half of 2023.
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When it comes to Deere, management has raised future guidance and outlooks despite the doubts surrounding potential demand in the space; perhaps investors have the chance to shrug the worries off and still consider a potential purchase for a breakout in the stock. Buying back as many as 13.6 million shares from the open market will tell investors two things: First, management is confident in their ability to achieve the provided growth outlooks, and second; insiders themselves believe the stock to be relatively cheap enough to buy in bulk. Management teams are not the only ones seeing double-digit upside potential in the stock's future; Deere analyst ratings point toward a 15.3% consensus upside from today's prices.
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Buying back as many as 13.6 million shares from the open market will tell investors two things: First, management is confident in their ability to achieve the provided growth outlooks, and second; insiders themselves believe the stock to be relatively cheap enough to buy in bulk. Management teams are not the only ones seeing double-digit upside potential in the stock's future; Deere analyst ratings point toward a 15.3% consensus upside from today's prices. Management is buying the stock and pointing toward rising demand in order books and double-digit jumps to be reported in the second half of 2023.
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5df0e208-d08a-4a4b-a26b-0418a9b3e637
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720360.0
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2023-08-21 00:00:00 UTC
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Notable Monday Option Activity: AMEH, NSSC, DE
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DE
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-ameh-nssc-de
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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 Apollo Medical Holdings Inc (Symbol: AMEH), where a total of 3,768 contracts have traded so far, representing approximately 376,800 underlying shares. That amounts to about 257.4% of AMEH's average daily trading volume over the past month of 146,365 shares. Especially high volume was seen for the $45 strike call option expiring September 15, 2023, with 2,757 contracts trading so far today, representing approximately 275,700 underlying shares of AMEH. Below is a chart showing AMEH's trailing twelve month trading history, with the $45 strike highlighted in orange:
NAPCO Security Technologies, Inc. (Symbol: NSSC) saw options trading volume of 4,905 contracts, representing approximately 490,500 underlying shares or approximately 202.4% of NSSC's average daily trading volume over the past month, of 242,310 shares. Particularly high volume was seen for the $20 strike put option expiring September 15, 2023, with 1,391 contracts trading so far today, representing approximately 139,100 underlying shares of NSSC. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 24,867 contracts, representing approximately 2.5 million underlying shares or approximately 166.3% of DE's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $450 strike call option expiring September 15, 2023, with 1,087 contracts trading so far today, representing approximately 108,700 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange:
For the various different available expirations for AMEH options, NSSC options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding IMS
Funds Holding LMNR
Top Ten Hedge Funds Holding VEDU
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 $45 strike call option expiring September 15, 2023, with 2,757 contracts trading so far today, representing approximately 275,700 underlying shares of AMEH. Particularly high volume was seen for the $20 strike put option expiring September 15, 2023, with 1,391 contracts trading so far today, representing approximately 139,100 underlying shares of NSSC. Particularly high volume was seen for the $450 strike call option expiring September 15, 2023, with 1,087 contracts trading so far today, representing approximately 108,700 underlying shares of DE.
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Especially high volume was seen for the $45 strike call option expiring September 15, 2023, with 2,757 contracts trading so far today, representing approximately 275,700 underlying shares of AMEH. Below is a chart showing AMEH's trailing twelve month trading history, with the $45 strike highlighted in orange: NAPCO Security Technologies, Inc. (Symbol: NSSC) saw options trading volume of 4,905 contracts, representing approximately 490,500 underlying shares or approximately 202.4% of NSSC's average daily trading volume over the past month, of 242,310 shares. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 24,867 contracts, representing approximately 2.5 million underlying shares or approximately 166.3% of DE's average daily trading volume over the past month, of 1.5 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Apollo Medical Holdings Inc (Symbol: AMEH), where a total of 3,768 contracts have traded so far, representing approximately 376,800 underlying shares. Below is a chart showing AMEH's trailing twelve month trading history, with the $45 strike highlighted in orange: NAPCO Security Technologies, Inc. (Symbol: NSSC) saw options trading volume of 4,905 contracts, representing approximately 490,500 underlying shares or approximately 202.4% of NSSC's average daily trading volume over the past month, of 242,310 shares. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 24,867 contracts, representing approximately 2.5 million underlying shares or approximately 166.3% of DE's average daily trading volume over the past month, of 1.5 million shares.
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Below is a chart showing AMEH's trailing twelve month trading history, with the $45 strike highlighted in orange: NAPCO Security Technologies, Inc. (Symbol: NSSC) saw options trading volume of 4,905 contracts, representing approximately 490,500 underlying shares or approximately 202.4% of NSSC's average daily trading volume over the past month, of 242,310 shares. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 24,867 contracts, representing approximately 2.5 million underlying shares or approximately 166.3% of DE's average daily trading volume over the past month, of 1.5 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange: For the various different available expirations for AMEH options, NSSC options, or DE options, visit StockOptionsChannel.com.
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e644825d-974f-48a8-8a9f-73680454bc7d
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720361.0
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2023-08-21 00:00:00 UTC
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Stocks Mixed as Bond Yields Climb
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DE
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https://www.nasdaq.com/articles/stocks-mixed-as-bond-yields-climb
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nan
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nan
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What you need to know…
The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.65%.
Stocks this morning are mixed. An increase in M&A activity is supporting stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion. Also, cybersecurity stocks are climbing today after Palo Alto Networks forecast stronger-than-expected full-year billings. Johnson & Johnson is down more than -3% today to weigh on the Dow Jones Industrials. Also, stocks fell back from their best levels after the 10-year T-note yield rose to a 15-year high.
Global equity markets have some negative carryover from a fall in China’s Shanghai Composite Stock Index to a 7-1/2 month low today on economic concerns after Chinese banks cut their prime loan rates less than expected.
In consultation with state-owned commercial banks, the People's Bank of China (PBOC) cut the 1-year loan prime rate by -10 bp to 3.45%, a smaller cut than expectations of -15 bp to 3.40%. Also, the 5-year loan prime rate was left unchanged at 4.20% versus expectations for a -15 bp cut to 4.05%.
The markets are discounting the odds at 12% for a +25 bp rate hike at the September 20 FOMC meeting and at 43% for that +25 bp rate hike at the November 1 FOMC meeting.
Global bond yields are higher. The 10-year T-note yield jumped to a 15-year high of 4.348% and is up +8.7 bp at 4.432%. The 10-year German bund yield is up +8.5 bp at 2.707%. The 10-year UK gilt yield is up +4.9 bp at 4.724%.
Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.32%. China’s Shanghai Composite Index today closed down -1.24%. Japan’s Nikkei Stock Index closed up +0.37%.
Today’s stock movers…
Cybersecurity stocks are moving higher today after Palo Alto Networks forecast 2024 billing of $10.9 billion-$11.0 billion, stronger than the consensus of $10.77 billion. As a result, Palo Alto Networks (PANW) is up more than +14% to lead gainers in the S&P 500 and Nasdaq 100. Also, CrowdStrike Holdings (CRWD), SentinelOne (S), and Zscaler (ZS) are up more than +4%, and Fortinet (FTNT) is up more than +1%.
Moderna (MRNA) is up more than +6% after a weekend article in Barron’s said the company’s big cash position and recent decline make it an appealing buy.
Nvidia (NVDA) is up more than +4% after KeyBanc Capital Markets raised its price target on the stock to $620 from $550.
Earthstone Energy (ESTE) is up more than +15% in pre-market trading after Permian Resources acquired the company in a deal valued at $4.5 billion.
Sculptor Capital Management (SCU) is up more than +3% after it said 70 potential buyers had contacted its advisers after it disclosed that it was pursuing strategic options.
VMware (VMW) is up more than +4% after Broadcom said it expects its acquisition of the company will close Oct 30 after the UK CMA gave its final transaction approval.
Johnson & Johnson (JNJ) is down more than -3% to lead losers in the S&P 500 and the Dow Jones Industrials after it said it plans to accept only 23.8% of its shares swapped for Kenvue stock, below consensus for 25% to 30% of stock exchanged. J&J split its consumer healthcare business named Kenvue into a new publicly traded company.
Estee Lauder (EL) is down more than -3% after Evercore ISI cut its price target on the stock to $200 from $250.
Insulet (PODD) is down more than -2% after Baird downgraded the stock to neutral from outperform and cut its price target on the stock to $219 from $320.
Napco Security Technologies (NSSC) is down more than -41% after it said it would have to restate three quarters of financial statements.
Deere & Co (DE) is down more than -2% after Stifel cut its price target on the stock to $460 from $493.
Across the markets…
September 10-year T-notes (ZNU23) today are down -18 ticks, and the 10-year T-note yield is up +8.7 bp at 4.342%. Sep T-notes today dropped to a 10-month nearest-futures low, and the 10-year T-note yield today rose to a 15-year high of 4.348%. Higher European government bond yields today are pressuring T-note prices. Also, strength in stocks today has curbed the safe-haven demand for T-notes. In addition, speculation that Fed Chair Powell will remain hawkish when he speaks Friday at the Fed’s annual symposium in Jackson Hole, Wyoming, is weighing on T-note prices.
The dollar index (DXY00) today is little changed, up by +0.04%. The dollar today recovered from overnight losses and is slightly higher as T-note yields climb, strengthening the dollar’s interest rate differentials. Today’s rally in stocks is negative for the dollar as it reduces liquidity demand for the dollar.
EUR/USD (^EURUSD) today is up by +0.11%. Dollar weakness today is supportive of the euro. Also, higher European government bond yields today are bullish for EUR/USD. Gains in the euro are limited after today’s monthly report from the Bundesbank said the German economy “continues to be in a weak phase.” Also, today’s news that showed German producer prices in July fell by the most in 13 years is dovish for ECB policy and bearish for the euro.
In its monthly report, Germany's Bundesbank said, "The German economy continues to be in a weak phase. In the third quarter of 2023, economic output is likely to remain virtually unchanged again."
German Jul PPI fell -6.0% y/y, weaker than expectations of -5.1% y/y and the steepest drop in 13 years.
USD/JPY (^USDJPY) is up by +0.54%. Higher T-note yields today are weighing on the yen. Also, today’s rally in the Nikkei Stock Index reduced the safe-haven demand for the yen. In addition, the yen is also falling as Bloomberg data shows the BOJ is purchasing Japanese bonds at a record pace this year as it tries to keep long-term bond yields low in its yield curve control program.
October gold (GCV3) today is up +2.3 (+0.12%), and Sep silver (SIU23) is up +0.327 (+1.44%). Precious metals prices this morning are moderately higher, with silver climbing to a 2-week high. Today’s news that German producer prices in July fell by the most in 13 years was dovish for ECB policy and bullish for precious metals. Metals also found support from the Bundesbank’s monthly report today that said, "The German economy continues to be in a weak phase,” which may prompt the ECB to slow or stop raising interest rates. Today's stronger dollar and higher global bond yields are negative for metals prices. Also, ongoing fund liquidation in gold is bearish for gold prices after long gold holdings in ETFs fell to a 3-1/3 year low last Friday.
More Stock Market News from Barchart
Palo Alto Networks Impresses the Market With Huge FCF Growth and Margins Markets Today: Stocks Bounce Higher After Last Week’s Losses Option Volatility and Earnings Report for August 21 - 25 Stocks Set to Open Higher as Investors Await Powell Speech, Economic Data
On the date of publication, Rich Asplund 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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Global equity markets have some negative carryover from a fall in China’s Shanghai Composite Stock Index to a 7-1/2 month low today on economic concerns after Chinese banks cut their prime loan rates less than expected. Moderna (MRNA) is up more than +6% after a weekend article in Barron’s said the company’s big cash position and recent decline make it an appealing buy. Metals also found support from the Bundesbank’s monthly report today that said, "The German economy continues to be in a weak phase,” which may prompt the ECB to slow or stop raising interest rates.
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Global equity markets have some negative carryover from a fall in China’s Shanghai Composite Stock Index to a 7-1/2 month low today on economic concerns after Chinese banks cut their prime loan rates less than expected. What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.65%. An increase in M&A activity is supporting stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion.
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Gains in the euro are limited after today’s monthly report from the Bundesbank said the German economy “continues to be in a weak phase.” Also, today’s news that showed German producer prices in July fell by the most in 13 years is dovish for ECB policy and bearish for the euro. What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.65%. An increase in M&A activity is supporting stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion.
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Gains in the euro are limited after today’s monthly report from the Bundesbank said the German economy “continues to be in a weak phase.” Also, today’s news that showed German producer prices in July fell by the most in 13 years is dovish for ECB policy and bearish for the euro. What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.65%. An increase in M&A activity is supporting stocks after Permian Resources acquired Earthstone Energy in a deal valued at $4.5 billion.
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cd61fa44-84c0-450f-bc40-b09ec3a54495
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720362.0
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2023-08-20 00:00:00 UTC
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The 7 Most Undervalued Industrial Stocks to Buy Now: August 2023
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DE
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https://www.nasdaq.com/articles/the-7-most-undervalued-industrial-stocks-to-buy-now%3A-august-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The rally in tech stocks that lifted the broader market is falling victim to the dog days of August. Investors looking to make a pivot away from overvalued tech stocks may want to look at undervalued industrial stocks.
You won’t find any industrial stocks in the “Magnificent 7” stocks that led the market rally earlier this year. But industrial stocks are magnificent in their own way, if you’re a fan of companies that deliver consistent growth over time.
The industrial sector contains some of the oldest, and most respected, companies in the world. What they lack in style, they make up for in substance.
These companies make up the backbone of the U.S. and global economy. It’s not an understatement to say the economy couldn’t perform without the products and services these companies provide. And many industrial stocks offer reliable dividends to go along with reliable revenue and earnings.
That’s an evergreen formula for investors who are looking for a total return that beats fixed-income investments. But industrial stocks will also appeal to growth investors when they are trading at a discount to their intrinsic value. With that in mind, here are seven undervalued industrial stocks to buy for growth in a volatile market.
Deere & Company (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Company (NYSE:DE) reminds investors that price is what you pay, and value is what you get. Shares of DE stock don’t come cheap.
You’ll pay around $420 per share at the time I’m writing this. The stock is commanding a high price because of the company’s position in robotics and artificial intelligence (AI).
But does that make Deere expensive? Not necessarily. For starters, the stock is currently trading at around 13.3x forward earnings. That’s low compared to the overall sector and to the P/E ratio of DE stock in the last five years.
Deere is also a favorite of industrial investors. Over 70% of the stock is controlled by the major institutions, and for the last several quarters, buyers have outnumbered sellers by almost two to one.
That’s probably why 18 out of 26 analysts who have rated DE stock in the last three months give the stock a Strong Buy or Buy rating. Their consensus buy target is $456.32 per share.
That’s about an 8% gain from the stock’s current price. And investors also get a dividend that currently pays $5 per share annually. That dividend has been growing for several years.
Crown Holdings (CCK)
Source: IgorGolovniov / Shutterstock.com
Crown Holdings (NYSE:CCK) is one of the world’s leading manufacturers of aluminum cans. As the world looks for sustainable solutions what’s old has become new again. Namely, we’re moving away from plastic bottles and tapping into old-school aluminum cans.
That may not be as exciting as investing in the hottest AI stock. Still, it’s something to think about when considering undervalued industrial stocks while you’re drinking your favorite flavored mineral water … in an aluminum can.
CCK stock is down 1% in the last month, which is a slight pullback from the stock’s 6.7% growth so far in 2023. This is likely a reaction to the company’s earnings. Crown missed on the top line and both revenue and earnings were down YoY.
Analysts still believe earnings will climb by 16% next year. There’s a good chance that’s not being priced into CCK stock right now. But analysts are forecasting a 17% upside in CCK stock, so now is an excellent time to take a position.
Avery Dennison (AVY)
Source: Shutterstock
Avery Dennison (NYSE:AVY) is next on this list of undervalued industrial stocks. AVY stock is down right around 2% in 2023 and 11.7% in the last 12 months.
The company’s most recent earnings report is weighing on AVY stock. The leader in materials science missed on revenue and earnings. But the commentary in theearnings callmay have soured investors.
Management said it underestimated the weakness in demand and was still working to right-size its inventory.
That being said, the company did report higher margins despite the lower volume. And analysts are projecting earnings growth of nearly 20% in the next 12 months. That’s a formula that will work well for investors.
Avery Dennison is a little expensive at about 22x forward earnings. But if the earnings projections are realistic, the stock price will catch up. Of the 14 analysts that have rated AVY stock in the last three months, 11 give the stock either a Buy or Strong Buy rating.
Johnson Controls International (JCI)
Source: Jonathan Weiss / Shutterstock.com
Johnson Controls International (NYSE:JCI) is one of the few pure plays in the Internet of Things (IoT) sector.
In fact, investors will also get some exposure to artificial intelligence when they invest in JCI stock.
That focus on technology is one reason JCI stock is down over 7.5% in 2023 and 4.5% in the last month. However, Johnson Controls makes this list of undervalued industrial stocks because of a recent innovation that may not be priced into the stock.
The company’s OpenBlue platform is an AI-powered platform that provides “remote diagnostics, predictive maintenance, compliance monitoring, remote risk assessments, and more.”
This platform has a large addressable market across a range of industries. That growth opportunity is likely why analysts forecast a 14% jump in earnings next year.
Speaking of the analysts, 17 out of 23 give JCI stock either a Buy or Strong Buy rating with a price target of $74.25, more than 20% above the stock’s price as of August 17.
Xylem (XYL)
Source: IgorGolovniov / Shutterstock.com
One of the appealing aspects of investing in industrial companies is that they produce essential products. That’s the case with Xylem (NYSE:XYL).
The company designs, manufactures, and services engineered products and solutions for the water and wastewater industries.
The demand for the company’s services can be summed up in one statistic. The average water main in the United States may be up to 50 years old. That makes them prone to leaks which is a problem that Xylem helps address. In 2023, that makes Xylem a candidate for environmentally conscious investors.
A forward P/E ratio of 27x doesn’t make Xylem dramatically undervalued. However, analysts are forecasting 18% upside for XYL stock.
At first glance, Xylem doesn’t have an impressive dividend with a yield of just 1.32%. However, the company has increased its dividend for 12 consecutive years. If earnings growth comes in as expected, that growth is likely to continue, as will the payout per share which is currently $1.32.
Dover Corporation (DOV)
Source: IgorGolovniov / Shutterstock.com
Dover Corporation (NYSE:DOV) is the kind of company that comes to mind when you think about an industrial stock.
The company’s list of products and services won’t light up investors in the same way that generative AI currently does. But they are just as essential.
Like many companies on this list, Dover missed on earnings in its most recent quarter and the results were also lower YoY. That reflects an economy that is slowing down. But as the economy recovers, Dover is one company that will benefit.
Dover has a forward P/E ratio of just 15x and analysts forecast 9.9% earnings growth and a 16% growth in the DOV stock price. And that growth comes with one of the safest dividends in the industry. Dover is a Dividend King that has increased its dividend in each of the last 68 years.
Axon Enterprise (AXON)
Source: T. Schneider / Shutterstock.com
Axon Enterprise (NASDAQ:AXON) won’t be the first name you think about if you’re looking for undervalued industrial stocks.
For starters, it’s the only stock on this list that trades on the tech-heavy NASDAQ exchange.
The company offers a portfolio of law enforcement technology solutions that work together to support its vision to “cut gun-related deaths between police and the public by 50% in 10 years.”
The company forecasts a $50 billion total addressable market with a growing base of recurring revenue from SaaS products.
Public safety may not be the primary issue in the 2024 election, but it’s going to be a significant part of the conversation. And Axon has the products and services for state and local governments who will be looking for solutions that support both public safety and new-age policing,
Traditional fundamentals suggest that AXON stock may be overvalued. But if the company makes good on forecasts for 36% earnings growth, the stock will have room to grow into its valuation.
On the date of publication, Chris Markoch 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.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
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The post The 7 Most Undervalued Industrial Stocks to Buy Now: August 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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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 7 Most Undervalued Industrial Stocks to Buy Now: August 2023 appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rally in tech stocks that lifted the broader market is falling victim to the dog days of August. Investors looking to make a pivot away from overvalued tech stocks may want to look at undervalued industrial stocks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rally in tech stocks that lifted the broader market is falling victim to the dog days of August. Investors looking to make a pivot away from overvalued tech stocks may want to look at undervalued industrial stocks. But industrial stocks are magnificent in their own way, if you’re a fan of companies that deliver consistent growth over time.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rally in tech stocks that lifted the broader market is falling victim to the dog days of August. Investors looking to make a pivot away from overvalued tech stocks may want to look at undervalued industrial stocks. However, Johnson Controls makes this list of undervalued industrial stocks because of a recent innovation that may not be priced into the stock.
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However, Johnson Controls makes this list of undervalued industrial stocks because of a recent innovation that may not be priced into the stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The rally in tech stocks that lifted the broader market is falling victim to the dog days of August. Investors looking to make a pivot away from overvalued tech stocks may want to look at undervalued industrial stocks.
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4c9deedf-acc7-494d-b171-9638af552545
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720363.0
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2023-08-19 00:00:00 UTC
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Deere Stock (NYSE:DE): Senseless Sell-Off is Ripe for the Picking
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https://www.nasdaq.com/articles/deere-stock-nyse%3Ade%3A-senseless-sell-off-is-ripe-for-the-picking
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Deere (NYSE:DE) stock took a nasty fall yesterday, but was the sell-off warranted? I suggest it was senseless, and Deere stock looks ripe and ready for value hunters everywhere. All in all, I am bullish on DE stock and expect it to stage a fabulous comeback before the current quarter is over.
While Deere sells a variety of equipment types, you probably recognize the company as a manufacturer of riding lawnmowers. Indeed, I'd say the Deere brand is practically synonymous with lawn care in the U.S.
Yet, somehow Deere stock ran out of gas on August 18. I strongly suspect that the market will crank it back up soon, as when we take a closer look at Deere, we'll see that there's nothing malfunctioning with this old American standby.
A Rough Day for Deere Stock
Losing over 5% in a single day might not be a big deal for some stocks, but it's unusual for Deere stock to fall that far. The market was flat overall today, so clearly, there must have been a company-specific catalyst for the sell-off.
The culprit was Deere's earnings report for the fiscal third quarter ending on July 30, 2023. Interestingly enough, though, Deere's actual results were quite good. Moreover, the company's forward guidance was fairly optimistic.
Here's the rundown. Deere's quarterly revenue increased 12.1% year-over-year to $15.8 billion, and the company's equipment sales of $14.3 billion exceeded Wall Street's call for $14.1 billion. Turning to the bottom-line results, Deere reported quarterly EPS of $10.20, easily beating the consensus estimate of $8.22.
Just to provide a basis of comparison, Deere only reported equipment sales of $13 billion and EPS of $6.16 in the year-earlier quarter. Hence, it's difficult to find anything objectionable about Deere's results.
Looking ahead to all of Fiscal Year 2023, Deere expects to earn net income in the range of $9.75 billion to $10 billion. The company's previous guidance was for full-year net income of $9.25 billion to $9.5 billion. In other words, Deere is reasonably optimistic, so the company's earnings guidance shouldn't have prompted a sell-off in DE stock.
Making Sense of the Fear
This is starting to look like a terrific buying opportunity, wouldn't you agree? However, it's still important to figure out what caused Deere stock to drop today.
I had to do some digging to get a sense of what happened. After all, there was nothing in Deere's beat-and-raise that should have caused stock traders to be fearful. What I found out is that investors are worried about agricultural original equipment manufacturers (OEMs) like Deere having too much inventory.
In other words, companies like Deere stocked up their inventory recently, and this could unfavorably tip the supply-demand balance later on. Thus, Baird analyst Mig Dobre is “Moving to a more cautious stance on Ag OEMs.”
As I see it, this is a strange and ill-conceived reason for the sell-off in Deere stock. If investors see a problem with agricultural OEMs generally, shouldn't this have been priced into the shares already? Why would they suddenly decide to punish Deere today? It's bizarre, and stock traders should look into this situation, as there could be a prime buying opportunity here.
Is Deere Stock a Buy, According to Analysts?
On TipRanks, DE comes in as a Moderate Buy based on nine Buys and five Hold ratings assigned by analysts in the past three months. The average Deere stock price target is $450.77, implying 13.54% upside potential.
If you’re wondering which analyst you should follow if you want to buy and sell DE stock, the most profitable analyst covering the stock (on a one-year timeframe) is Seth Weber of Wells Fargo (NYSE:WFC), with an average return of 33.45% per rating and an 84% success rate. Click on the image below to learn more.
Conclusion: Should You Consider Deere Stock?
Yesterday was one of those "What the heck just happened?" moments. The stock market was basically flat, and Deere's quarterly results and full-year outlook were perfectly acceptable, yet investors used an odd excuse to dump their Deere shares.
However, when the market is senseless, you can be sensible. Deere is an iconic American brand with staying power, and this won't change anytime soon. Plus, it's evident that Deere is able to sell equipment and turn a nice profit. Therefore, I'd say that anyone looking for good value should consider DE stock before the market potentially pulls it back above $400, which is where the stock really belongs, in my opinion.
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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Turning to the bottom-line results, Deere reported quarterly EPS of $10.20, easily beating the consensus estimate of $8.22. In other words, Deere is reasonably optimistic, so the company's earnings guidance shouldn't have prompted a sell-off in DE stock. Thus, Baird analyst Mig Dobre is “Moving to a more cautious stance on Ag OEMs.” As I see it, this is a strange and ill-conceived reason for the sell-off in Deere stock.
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Looking ahead to all of Fiscal Year 2023, Deere expects to earn net income in the range of $9.75 billion to $10 billion. In other words, Deere is reasonably optimistic, so the company's earnings guidance shouldn't have prompted a sell-off in DE stock. The stock market was basically flat, and Deere's quarterly results and full-year outlook were perfectly acceptable, yet investors used an odd excuse to dump their Deere shares.
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A Rough Day for Deere Stock Losing over 5% in a single day might not be a big deal for some stocks, but it's unusual for Deere stock to fall that far. In other words, Deere is reasonably optimistic, so the company's earnings guidance shouldn't have prompted a sell-off in DE stock. The stock market was basically flat, and Deere's quarterly results and full-year outlook were perfectly acceptable, yet investors used an odd excuse to dump their Deere shares.
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Is Deere Stock a Buy, According to Analysts? Therefore, I'd say that anyone looking for good value should consider DE stock before the market potentially pulls it back above $400, which is where the stock really belongs, in my opinion. Deere (NYSE:DE) stock took a nasty fall yesterday, but was the sell-off warranted?
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720364.0
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2023-08-19 00:00:00 UTC
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DE Quantitative Stock Analysis
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-6
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
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Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
Financial Planning Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Financial Planning Podcast 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.
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Of the 22 guru strategies we follow, DE rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Financial Planning Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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53a4ce2e-83c6-47a8-84b0-2821e0e338e1
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720365.0
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2023-08-18 00:00:00 UTC
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Deere (DE) Tops Q3 Earnings and Revenue Estimates
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https://www.nasdaq.com/articles/deere-de-tops-q3-earnings-and-revenue-estimates
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Deere (DE) came out with quarterly earnings of $10.20 per share, beating the Zacks Consensus Estimate of $8.14 per share. This compares to earnings of $6.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25.31%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $8.57 per share when it actually produced earnings of $9.65, delivering a surprise of 12.60%.
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 $14.28 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.35%. This compares to year-ago revenues of $13 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 2.2% since the beginning of the year versus the S&P 500's gain of 13.8%.
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 $7.54 on $13.8 billion in revenues for the coming quarter and $31.91 on $55.8 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 bottom 28% 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.
One other stock from the broader Zacks Industrial Products sector, Lakeland Industries (LAKE), is yet to report results for the quarter ended July 2023.
This safety garments manufacturer is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +64.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Lakeland Industries' revenues are expected to be $30.8 million, up 9.3% from the year-ago quarter.
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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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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. Deere (DE) came out with quarterly earnings of $10.20 per share, beating the Zacks Consensus Estimate of $8.14 per share. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $8.57 per share when it actually produced earnings of $9.65, delivering a surprise of 12.60%.
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Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $14.28 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.35%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) came out with quarterly earnings of $10.20 per share, beating the Zacks Consensus Estimate of $8.14 per share.
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Deere (DE) came out with quarterly earnings of $10.20 per share, beating the Zacks Consensus Estimate of $8.14 per share. Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $14.28 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.35%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lakeland Industries, Inc. (LAKE) : 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 $10.20 per share, beating the Zacks Consensus Estimate of $8.14 per share. Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $14.28 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.35%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
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720366.0
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2023-08-18 00:00:00 UTC
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Stocks Settle Mixed on Lower Bond Yields
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https://www.nasdaq.com/articles/stocks-settle-mixed-on-lower-bond-yields
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What you need to know…
The S&P 500 Index ($SPX) (SPY) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.14%.
Stocks on Friday settled mixed, with the S&P 500 falling to a 1-1/2 month low and the Nasdaq 100 dropping to a 2-month low. Stocks were under pressure Friday as worries about China’s economy and higher global interest rates dampened market sentiment. However, stocks recovered most of their losses and settled mixed as the ability of bond yields to remain lower the entire day sparked a short covering rally in stocks Friday afternoon.
Stock trading was volatile Friday due to the options expiration of August contracts. According to an estimate from analytical firm Asym 500, some $2.2 trillion of longer-dated contracts are tied to stocks and stock indexes scheduled to mature today.
Bank of America warned that U.S. equities could drop another 4% as the economic turmoil in China spooks global investors and bond yields surge. Also, Barclays said, “Markets are being hit by a perfect storm amid surging rates, worsening data in China, and poor summer liquidity.”
The markets are discounting the odds at 10% for a +25 bp rate hike at the September 20 FOMC meeting and 36% for that +25 bp rate hike at the November 1 FOMC meeting.
Global bond yields Friday moved lower. The 10-year T-note yield fell -2.1 bp to 4.253%. The 10-year German bund yield fell -8.7 bp to 2.622%. The 10-year UK gilt yield fell -7.1 bp to 4.675%.
Overseas stock markets Friday settled lower. The Euro Stoxx 50 closed down -0.35%. China’s Shanghai Composite Index closed down -1.00%. Japan’s Nikkei Stock Index closed down -0.55%.
Today’s stock movers…
Ross Stores (ROST) closed up more than +5% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q2 EPS of $1.32, better than the consensus of $1.16, and forecasting Q3 EPS of $1.16-$1.21, stronger than the consensus of $1.15.
Applied Materials (AMAT) closed up more than +3% after reporting Q3 net sales of $6.43 billion, above the consensus of $6.16 billion, and forecasting Q4 net sales of about $6.51 billion, well above the consensus of $5.88 billion.
Walmart (WMT) closed up more than +1% to lead gainers in the Dow Jones Industrials after UBS raised its price target on the stock to $190 from $173.
Dolby Laboratories (DLB) closed up more than +10% after S&P Dow Jines Indices said the company would replace Staar Surgical in the S&P MidCap 400 before the opening of trading on Aug 22.
Bloomin’ Brands (BLMN) closed up more than +8% after the Wall Street Journal reported that Starboard Value has built a stake of more than 5% in the company, making it one of Bloomin’ Brands top-five shareholders.
Datadog (DDOG) closed up more than +2% after Cowen initiated coverage on the stock with an outperform rating and a price target of $120.
Regeneron Pharmaceuticals (REGN) closed up more than +1% after saying the FDA has approved its monoclonal antibody Veopoz to treat CHAPLE disease in children and adults.
Keysight Technologies (KEYS) closed down more than -13% to lead losers in the S&P 500 after forecasting Q4 revenue of $1.29 billion-$1.31 billion, weaker than the consensus of $1.39 billion.
Deere & Co (DE) closed down more than -5% despite raising guidance for full-year earnings on concern the market has peaked for agricultural machinery purchases.
Estee Lauder (EL) closed down more than -3% after reporting Q4 adjusted gross margin of 67.8%, below the consensus of 68.5%.
U.S.-listed Chinese stocks retreated Friday on concern about China’s property crisis and troubles in its shadow banking system. As a result, JD.com (JD) closed down more than -4% to lead losers in the Nasdaq 100. Also, PDD Holdings (PDD) and Baidu (BIDU) closed down more than -3%. In addition, Alibaba Group Holding (BABA) and NetEase (NTES) closed down more than -2%.
Mining stocks were under pressure on concerns the faltering Chinese economy would curb the country’s demand for industrial metals. As a result, Southern Copper (SCCO) closed down more than -3%. Also, Freeport-McMoRan (FCX) and Newmont (NEM) closed down more than -1%.
Across the markets…
September 10-year T-notes (ZNU23) Friday closed up +11.5 ticks, and the 10-year T-note yield fell -2.1 bp to 4.253%. Sep T-notes Friday posted moderate gains and garnered some carryover support from a rally in European government bonds. Also, weakness in global equity markets Friday on concerns about China’s faltering economy boosted safe-haven demand for T-notes.
More Stock Market News from Barchart
Should You Follow Barclays Into This Coal Stock? Dollar Slips as T-note Yields Fall Crude Gains on Dollar Weakness and a Fall in Active U.S. Oil Rigs Nat-Gas Prices Drop on Ample Supplies and Moderating U.S. Temps
On the date of publication, Rich Asplund 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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What you need to know… The S&P 500 Index ($SPX) (SPY) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.14%. Stocks were under pressure Friday as worries about China’s economy and higher global interest rates dampened market sentiment. According to an estimate from analytical firm Asym 500, some $2.2 trillion of longer-dated contracts are tied to stocks and stock indexes scheduled to mature today.
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Also, weakness in global equity markets Friday on concerns about China’s faltering economy boosted safe-haven demand for T-notes. What you need to know… The S&P 500 Index ($SPX) (SPY) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.14%. Stocks were under pressure Friday as worries about China’s economy and higher global interest rates dampened market sentiment.
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What you need to know… The S&P 500 Index ($SPX) (SPY) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.14%. Stocks were under pressure Friday as worries about China’s economy and higher global interest rates dampened market sentiment. According to an estimate from analytical firm Asym 500, some $2.2 trillion of longer-dated contracts are tied to stocks and stock indexes scheduled to mature today.
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Also, weakness in global equity markets Friday on concerns about China’s faltering economy boosted safe-haven demand for T-notes. What you need to know… The S&P 500 Index ($SPX) (SPY) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.14%. Stocks were under pressure Friday as worries about China’s economy and higher global interest rates dampened market sentiment.
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996c138f-cf01-4c22-ad66-a206f7a1327a
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720367.0
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2023-08-18 00:00:00 UTC
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Deere (DE) Q3 Earnings & Revenues Beat, '23 View Raised
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DE
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https://www.nasdaq.com/articles/deere-de-q3-earnings-revenues-beat-23-view-raised
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nan
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nan
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Deere & Company DE reported third-quarter fiscal 2023 (ended Jul 30) earnings of $10.20 per share, beating the Zacks Consensus Estimate of earnings of $8.14 per share. The bottom line increased 66% from the prior-year quarter’s levels. Strong demand aided by favorable market conditions, price realization and easing supply-chain constraints contributed to the improvement in the bottom line.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14,284 million, up 10% year over year. Revenues topped the Zacks Consensus Estimate of $14,234 million. Total net sales (including financial services and others) were $15,801 million, up 12% year over year.
Operational Update
The cost of sales in the reported quarter was up 1% year over year to $9,624 million. Total gross profit increased 35% year over year to $6,177 million. Selling, administrative and general expenses (SA&G) rose 16% to $1,110 million from the prior-year period’s levels.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote
Total operating profit (including financial services) was up 5.5% year over year to $12,195 million in the fiscal third quarter.
Segment Performance
The Production & Precision Agriculture segment’s sales rose 12% year over year to $6,806 million. The figure was higher than our model estimate of revenues of $6,713 million for the quarter.
Operating profit increased 38% year over year to $1,782 million due to price realization and improved shipment volumes / sales mix. Higher production costs, SA&G and research and development (R&D) expenses, and the unfavorable impact of foreign currency exchange offset some of the gains. Our estimate for the segment’s operating profit was $1,461 million.
Small Agriculture & Turf sales rose 3% to $3,739 million from the year-earlier quarter’s levels. Segmental sales benefited from price realization, which offset the impact of low shipment volumes. Our projection for the segment’s sales was $3,671 million. Operating profit rose 33% year over year to $732 million. The impact of higher sales was offset by elevated production costs, SA&G and R&D expenses. The figure was higher than operating profit of $399 million projected for the segment.
Construction & Forestry sales were $3,739 million, up 14% year over year, backed by higher shipment volumes and price realization. The figure was higher than our projection of $3,613 million. Operating profit increased 39% year over year to $716 million. Gains from higher sales were partially offset by increased SA&G and R&D expenses, higher production costs, and the unfavorable impact of foreign currency exchange. Our estimate for the segment’s operating profit was $569 million.
The increase in production costs and SA&G and R&D expenses reported by Deere were lower than we had expected, leading to the variance in operating profit numbers for all the segments.
Revenues in Deere’s Financial Services division were $1,228 million in the reported quarter, up 36% year over year. The segment’s net income was $216 million in the quarter under review, up 3% from $209 million in the last year’s quarter.
Financial Update
Deere reported cash and cash equivalents of $6,576 million at the end of third-quarter fiscal 2023, compared with $4,359 million recorded at the year-ago quarter’s end.
Cash flow from operating activities was $2,896 million in the first nine-month period of fiscal 2023, compared with $418 million in the prior-year period.
At the end of the quarter, DE’s long-term borrowing was nearly $38 billion, compared with $32 billion at the year-ago quarter’s end.
Guidance
Deere expects net income for fiscal 2023 to be between $9.75 billion and $10 billion, up from the previously disclosed guidance of $9.25-$9.50 billion. Favorable farm fundamentals and increased investment in infrastructure will drive demand for DE’s equipment.
Net sales for Production & Precision Agriculture are expected to register growth of approximately 20% in fiscal 2023 from the prior-year quarter’s reported level. Sales of Small Agriculture & Turf are expected to be up around 5%. Sales of Construction & Forestry are projected to be up 15-20%. The Financial Services segment’s net income is expected to be around $630 million.
Price Performance
Deere’s shares have gained 13.9% in the past year, compared with the industry’s 11.7% growth.
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 Worthington Industries, Inc. WOR, Astec Industries, Inc. ASTE and Terex Corporation TEX. WOR and ASTE sport a Zacks Rank #1 (Strong Buy) at present, and TEX has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Worthington Industries has an average trailing four-quarter earnings surprise of 14.9%. The Zacks Consensus Estimate for WOR’s fiscal 2023 earnings is pegged at $5.65 per share. The consensus estimate for 2023 earnings has moved 22.6% north in the past 60 days. Its shares have gained 43.4% in the last year.
Astec has an average trailing four-quarter earnings surprise of 20%. The Zacks Consensus Estimate for ASTE’s 2023 earnings is pegged at $2.81 per share. The consensus estimate for 2023 earnings has moved 4% north in the past 60 days. ASTE’s shares have gained 27.8% in the last year.
The Zacks Consensus Estimate for Terex’s 2023 earnings per share is pegged at $1.61. Estimates were unchanged in the last 60 days. It has a trailing four-quarter average earnings surprise of 27.1%. TEX has gained 84.7% in the last year.
4 Oil Stocks with Massive Upsides
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Worthington Industries, Inc. (WOR) : Free Stock Analysis Report
Terex Corporation (TEX) : Free Stock Analysis 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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Strong demand aided by favorable market conditions, price realization and easing supply-chain constraints contributed to the improvement in the bottom line. Higher production costs, SA&G and research and development (R&D) expenses, and the unfavorable impact of foreign currency exchange offset some of the gains. The increase in production costs and SA&G and R&D expenses reported by Deere were lower than we had expected, leading to the variance in operating profit numbers for all the segments.
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Deere & Company DE reported third-quarter fiscal 2023 (ended Jul 30) earnings of $10.20 per share, beating the Zacks Consensus Estimate of earnings of $8.14 per share. Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Total operating profit (including financial services) was up 5.5% year over year to $12,195 million in the fiscal third quarter. Click to get this free report Worthington Industries, Inc. (WOR) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Total operating profit (including financial services) was up 5.5% year over year to $12,195 million in the fiscal third quarter. Click to get this free report Worthington Industries, Inc. (WOR) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE reported third-quarter fiscal 2023 (ended Jul 30) earnings of $10.20 per share, beating the Zacks Consensus Estimate of earnings of $8.14 per share.
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Deere & Company DE reported third-quarter fiscal 2023 (ended Jul 30) earnings of $10.20 per share, beating the Zacks Consensus Estimate of earnings of $8.14 per share. Strong demand aided by favorable market conditions, price realization and easing supply-chain constraints contributed to the improvement in the bottom line. Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Total operating profit (including financial services) was up 5.5% year over year to $12,195 million in the fiscal third quarter.
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79fac5c2-1c50-47e9-b55d-bc4af2765fd6
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720368.0
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2023-08-18 00:00:00 UTC
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Why Deere & Co. Stock Dropped Today
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DE
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https://www.nasdaq.com/articles/why-deere-co.-stock-dropped-today
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nan
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nan
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What happened
Shares of tractor maker Deere & Company (NYSE: DE) sank 4.5% through 10:20 a.m. on Friday despite beating analyst earnings forecasts earlier in the morning.
Heading into its fiscal Q3 2023 report, analysts had expected Deere to report $8.20 profit per share -- but Deere actually reported $10.20 per share. On sales, Deere's beat was similarly sizable. Wall Street predicted $14.25 billion in Q3 revenue; Deere delivered $15.8 billion.
But if the company did so well in the quarter, then why is its stock down at all, let alone down 4.5%?
So what
Well, let's see here. Sales grew 12% year over year. Net income grew 58%. And profits per diluted share were up 66%. That seems like green lights to me, all around.
CEO John May characterized theglobal marketfor agricultural equipment as "favorable" and "showing further improvement," and said Deere's supply chain is "stabilizing." And backing up all these statements, Deere proceeded to raise guidance for the rest of this year. All three of the company's main industrial divisions are expected to post sales growth of anywhere from 5% to 20%. On the bottom line, Deere thinks 2023 net income will top out somewhere between $9.75 billion and $10 billion -- roughly $500 million more than previously predicted.
Now what
At the per share level, that works out to profits as high as $34 per share, well above Wall Street's forecast of $31.88 per share. Business is booming at Deere, and management sees this boom in agricultural products demand continuing at least through the end of this year.
The question investors seem to have today is, how much longer will it last after the year ends? Agriculture is a cyclical industry, after all, with booms following busts, and busts following booms. So I guess you can't blame investors if today they're looking at Deere's robust results and thinking, "if something seems too good to be true, it probably is."
That being said, Street analysts who presumably are just as aware of the cycles as we are (and hopefully more so) are forecasting 17% annual earnings growth for Deere over the next five years. With that prospect ahead of it, Deere stock at less than 12 times current-year earnings, and paying a modest 1.2% dividend yield, looks pretty attractive to me.
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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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What happened Shares of tractor maker Deere & Company (NYSE: DE) sank 4.5% through 10:20 a.m. on Friday despite beating analyst earnings forecasts earlier in the morning. CEO John May characterized theglobal marketfor agricultural equipment as "favorable" and "showing further improvement," and said Deere's supply chain is "stabilizing." With that prospect ahead of it, Deere stock at less than 12 times current-year earnings, and paying a modest 1.2% dividend yield, looks pretty attractive to me.
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What happened Shares of tractor maker Deere & Company (NYSE: DE) sank 4.5% through 10:20 a.m. on Friday despite beating analyst earnings forecasts earlier in the morning. Heading into its fiscal Q3 2023 report, analysts had expected Deere to report $8.20 profit per share -- but Deere actually reported $10.20 per share. Wall Street predicted $14.25 billion in Q3 revenue; Deere delivered $15.8 billion.
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Heading into its fiscal Q3 2023 report, analysts had expected Deere to report $8.20 profit per share -- but Deere actually reported $10.20 per share. Business is booming at Deere, and management sees this boom in agricultural products demand continuing at least through the end of this year. 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen.
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10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen. What happened Shares of tractor maker Deere & Company (NYSE: DE) sank 4.5% through 10:20 a.m. on Friday despite beating analyst earnings forecasts earlier in the morning. Heading into its fiscal Q3 2023 report, analysts had expected Deere to report $8.20 profit per share -- but Deere actually reported $10.20 per share.
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f7d96baa-6cfd-41d5-8188-95a3875d4319
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720369.0
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2023-08-18 00:00:00 UTC
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Deep-Red Start to Close Worst Trading Week in Months
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DE
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https://www.nasdaq.com/articles/deep-red-start-to-close-worst-trading-week-in-months
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nan
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nan
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We’re starting the pre-market trading day notably lower — fitting for such a lousy trading week overall. The Dow, which closed below its 50-day moving average Thursday in what looks to be its worst week in the past five months, is down an additional -174 points at this hour. The S&P 500 is -27 and the Nasdaq -136 points; these two indices are already riding three week losing streaks. Month to date, the Dow is -3.75%, the S&P -5.55%, the Nasdaq -7.59% and the small-cap Russell 2000 -8.46%.
Garishly bad as these numbers are overall — and the past three days of August have been worst of all — if we had to pick one month for a selloff like this to take place, this traditionally low-volume late summer month would be it. Further, with Q2 earnings season on the wane, a re-set (traditionally post-Labor Day) would allow for a new upswing in equities, at least among industries that are seeing stronger guidance for the second half of this year. Especially after a rush to grab a piece of “A.I. fever,” or whatever we would call it, this current pullback currently looks to provide more opportunities than worries.
Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Earnings of $10.20 per share amounted to a +25.3% positive earnings surprise over expectations for $8.14 per share. Revenues of $14.28 billion narrowly outperformed the $14.23 billion expected. Guidance was also bumped higher, although questions about future demand for agriculture equipment — along with our current bearish trading environment — are taking shares down -2% in today’s pre-market. For more on DE’s earnings, click here.
Zacks Rank #5 (Strong Sell)-rated Estee Lauder EL also posted beats for both earnings and sales for its fiscal Q4 ahead of today’s opening bell: earnings of +$0.07 per share provided a strong positive surprise of +275% over the expected -$0.04 per share. Revenues of $3.61 billion in the quarter outpaced the $3.48 billion in the Zacks consensus. However, soft guidance in an industry that has cooled since post-Covid levels are helping shares lower in early trading, by -6.3% — adding to its -34.7% year-to-date selloff. For more on EL’s earnings, click here.
Next week, the summer doldrums look to continue, with more retail earnings expected but a continued drawdown in Q2 reports overall, with economic prints scheduled — New and Existing Home Sales for July, Durable Goods Orders and S&P PMI Manufacturing/Services and University of Michigan Consumer Sentiment for August — but nothing of the level of monthly jobs or CPI. The biggest event of the coming week looks to be the Jackson Hole Economic Symposium next Thursday and Friday, which will serve as a proxy for an August Fed meeting, as Fed Chair Jerome Powell will give his take on inflation and the ongoing economy.
Questions or comments about this article and/or author? Click here>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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.
Download your free report now to see them.
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
The Estee Lauder Companies Inc. (EL) : 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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Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Guidance was also bumped higher, although questions about future demand for agriculture equipment — along with our current bearish trading environment — are taking shares down -2% in today’s pre-market. fever,” or whatever we would call it, this current pullback currently looks to provide more opportunities than worries.
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Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Zacks Rank #5 (Strong Sell)-rated Estee Lauder EL also posted beats for both earnings and sales for its fiscal Q4 ahead of today’s opening bell: earnings of +$0.07 per share provided a strong positive surprise of +275% over the expected -$0.04 per share. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Rank #5 (Strong Sell)-rated Estee Lauder EL also posted beats for both earnings and sales for its fiscal Q4 ahead of today’s opening bell: earnings of +$0.07 per share provided a strong positive surprise of +275% over the expected -$0.04 per share. Next week, the summer doldrums look to continue, with more retail earnings expected but a continued drawdown in Q2 reports overall, with economic prints scheduled — New and Existing Home Sales for July, Durable Goods Orders and S&P PMI Manufacturing/Services and University of Michigan Consumer Sentiment for August — but nothing of the level of monthly jobs or CPI. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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fever,” or whatever we would call it, this current pullback currently looks to provide more opportunities than worries. Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Guidance was also bumped higher, although questions about future demand for agriculture equipment — along with our current bearish trading environment — are taking shares down -2% in today’s pre-market.
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fc10cc13-9667-4afb-8453-f807ac2e29b1
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720370.0
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2023-08-18 00:00:00 UTC
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Compared to Estimates, Deere (DE) Q3 Earnings: A Look at Key Metrics
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DE
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https://www.nasdaq.com/articles/compared-to-estimates-deere-de-q3-earnings%3A-a-look-at-key-metrics
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nan
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For the quarter ended July 2023, Deere (DE) reported revenue of $14.28 billion, up 9.9% over the same period last year. EPS came in at $10.20, compared to $6.16 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $14.23 billion, representing a surprise of +0.35%. The company delivered an EPS surprise of +25.31%, with the consensus EPS estimate being $8.14.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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): $10.55 billion compared to the $10.37 billion average estimate based on five analysts. The reported number represents a change of +8.4% year over year.
Net Sales and Revenues- Production & precision ag net sales: $6.81 billion versus $6.76 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
Net Sales and Revenues- Small ag & turf net sales: $3.74 billion versus $3.61 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Net Sales and Revenues- Construction & forestry net sales: $3.74 billion compared to the $3.61 billion average estimate based on five analysts. The reported number represents a change of +14.4% year over year.
Net Sales and Revenues- Equipment Operations- Net sales: $14.28 billion compared to the $13.99 billion average estimate based on five analysts. The reported number represents a change of +9.9% year over year.
Net Sales and Revenues- Financial services revenues: $1.23 billion versus the four-analyst average estimate of $1.05 billion. The reported number represents a year-over-year change of +36%.
Net Sales and Revenues- Other revenues: $289 million versus the four-analyst average estimate of $256.45 million. The reported number represents a year-over-year change of +45.2%.
Net Sales and Revenues- Net sales: $14.28 billion versus the three-analyst average estimate of $14.06 billion.
Net Sales and Revenues- Other income: $264 million compared to the $293.24 million average estimate based on two analysts.
Net Sales and Revenues- Finance and interest income: $1.25 billion versus the two-analyst average estimate of $1.02 billion.
Operating profit- Agriculture and turf (Production & precision ag + Small ag & turf): $2.51 billion versus $2.23 billion estimated by five analysts on average.
Operating profit- Construction & forestry: $716 million versus the five-analyst average estimate of $637.61 million.
View all Key Company Metrics for Deere here>>>
Shares of Deere have returned -4.7% over the past month versus the Zacks S&P 500 composite's -3.3% 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.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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.
Download your free report now to see them.
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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While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. For the quarter ended July 2023, Deere (DE) reported revenue of $14.28 billion, up 9.9% over the same period last year. The company delivered an EPS surprise of +25.31%, with the consensus EPS estimate being $8.14.
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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): $10.55 billion compared to the $10.37 billion average estimate based on five analysts. For the quarter ended July 2023, Deere (DE) reported revenue of $14.28 billion, up 9.9% over the same period last year. The company delivered an EPS surprise of +25.31%, with the consensus EPS estimate being $8.14.
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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): $10.55 billion compared to the $10.37 billion average estimate based on five analysts. For the quarter ended July 2023, Deere (DE) reported revenue of $14.28 billion, up 9.9% over the same period last year. The company delivered an EPS surprise of +25.31%, with the consensus EPS estimate being $8.14.
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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): $10.55 billion compared to the $10.37 billion average estimate based on five analysts. For the quarter ended July 2023, Deere (DE) reported revenue of $14.28 billion, up 9.9% over the same period last year. The company delivered an EPS surprise of +25.31%, with the consensus EPS estimate being $8.14.
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e3793402-7eb3-44a3-8ad8-93cc70951c4c
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720371.0
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2023-08-18 00:00:00 UTC
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Deere raises 2023 profit outlook on strong demand for large tractors
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DE
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https://www.nasdaq.com/articles/deere-raises-2023-profit-outlook-on-strong-demand-for-large-tractors
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nan
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nan
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Aug 18 (Reuters) - Deere & Co DE.N raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs.
The world's largest farm equipment maker expects 2023 net income between $9.75 billion and $10.00 billion, compared with its previous outlook of $9.25 billion to $9.50 billion.
(Reporting by Shivansh Tiwary in Bengaluru Editing by Vinay Dwivedi)
((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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Aug 18 (Reuters) - Deere & Co DE.N raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The world's largest farm equipment maker expects 2023 net income between $9.75 billion and $10.00 billion, compared with its previous outlook of $9.25 billion to $9.50 billion. (Reporting by Shivansh Tiwary in Bengaluru Editing by Vinay Dwivedi) ((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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Aug 18 (Reuters) - Deere & Co DE.N raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The world's largest farm equipment maker expects 2023 net income between $9.75 billion and $10.00 billion, compared with its previous outlook of $9.25 billion to $9.50 billion. (Reporting by Shivansh Tiwary in Bengaluru Editing by Vinay Dwivedi) ((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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Aug 18 (Reuters) - Deere & Co DE.N raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The world's largest farm equipment maker expects 2023 net income between $9.75 billion and $10.00 billion, compared with its previous outlook of $9.25 billion to $9.50 billion. (Reporting by Shivansh Tiwary in Bengaluru Editing by Vinay Dwivedi) ((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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Aug 18 (Reuters) - Deere & Co DE.N raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The world's largest farm equipment maker expects 2023 net income between $9.75 billion and $10.00 billion, compared with its previous outlook of $9.25 billion to $9.50 billion. (Reporting by Shivansh Tiwary in Bengaluru Editing by Vinay Dwivedi) ((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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96a8e80e-db23-4e52-8411-7f11e4f6aa5c
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720372.0
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2023-08-18 00:00:00 UTC
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Pre-Markets in Red to Close a Disappointing Week
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https://www.nasdaq.com/articles/pre-markets-in-red-to-close-a-disappointing-week
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We’re starting the pre-market trading day notably lower — fitting for such a lousy trading week overall. The Dow, which closed below its 50-day moving average Thursday in what looks to be its worst week in the past five months, is down an additional -174 points at this hour. The S&P 500 is -27 and the Nasdaq -136 points; these two indices are already riding three week losing streaks. Month to date, the Dow is -3.75%, the S&P -5.55%, the Nasdaq -7.59% and the small-cap Russell 2000 -8.46%.
Garishly bad as these numbers are overall — and the past three days of August have been worst of all — if we had to pick one month for a selloff like this to take place, this traditionally low-volume late summer month would be it. Further, with Q2 earnings season on the wane, a re-set (traditionally post-Labor Day) would allow for a new upswing in equities, at least among industries that are seeing stronger guidance for the second half of this year. Especially after a rush to grab a piece of “A.I. fever,” or whatever we would call it, this current pullback currently looks to provide more opportunities than worries.
Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Earnings of $10.20 per share amounted to a +25.3% positive earnings surprise over expectations for $8.14 per share. Revenues of $14.28 billion narrowly outperformed the $14.23 billion expected. Guidance was also bumped higher, although questions about future demand for agriculture equipment — along with our current bearish trading environment — are taking shares down -2% in today’s pre-market.
Zacks Rank #5 (Strong Sell)-rated Estee Lauder EL also posted beats for both earnings and sales for its fiscal Q4 ahead of today’s opening bell: earnings of +$0.07 per share provided a strong positive surprise of +275% over the expected -$0.04 per share. Revenues of $3.61 billion in the quarter outpaced the $3.48 billion in the Zacks consensus. However, soft guidance in an industry that has cooled since post-Covid levels are helping shares lower in early trading, by -6.3% — adding to its -34.7% year-to-date selloff.
Next week, the summer doldrums look to continue, with more retail earnings expected but a continued drawdown in Q2 reports overall, with economic prints scheduled — New and Existing Home Sales for July, Durable Goods Orders and S&P PMI Manufacturing/Services and University of Michigan Consumer Sentiment for August — but nothing of the level of monthly jobs or CPI. The biggest event of the coming week looks to be the Jackson Hole Economic Symposium next Thursday and Friday, which will serve as a proxy for an August Fed meeting, as Fed Chair Jerome Powell will give his take on inflation and the ongoing economy.
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Deere & Company (DE) : Free Stock Analysis Report
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To read this article on Zacks.com click here.
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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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Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Guidance was also bumped higher, although questions about future demand for agriculture equipment — along with our current bearish trading environment — are taking shares down -2% in today’s pre-market. fever,” or whatever we would call it, this current pullback currently looks to provide more opportunities than worries.
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Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Zacks Rank #5 (Strong Sell)-rated Estee Lauder EL also posted beats for both earnings and sales for its fiscal Q4 ahead of today’s opening bell: earnings of +$0.07 per share provided a strong positive surprise of +275% over the expected -$0.04 per share. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Rank #5 (Strong Sell)-rated Estee Lauder EL also posted beats for both earnings and sales for its fiscal Q4 ahead of today’s opening bell: earnings of +$0.07 per share provided a strong positive surprise of +275% over the expected -$0.04 per share. Next week, the summer doldrums look to continue, with more retail earnings expected but a continued drawdown in Q2 reports overall, with economic prints scheduled — New and Existing Home Sales for July, Durable Goods Orders and S&P PMI Manufacturing/Services and University of Michigan Consumer Sentiment for August — but nothing of the level of monthly jobs or CPI. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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fever,” or whatever we would call it, this current pullback currently looks to provide more opportunities than worries. Speaking of Q2 earnings season, machinery equipment manufacturer Deere & Co. DE surged past estimates on both top and bottom lines in its fiscal Q3 report out before today’s opening bell. Guidance was also bumped higher, although questions about future demand for agriculture equipment — along with our current bearish trading environment — are taking shares down -2% in today’s pre-market.
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2643bc85-d8b0-41c0-9736-e39766578e24
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720373.0
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2023-08-18 00:00:00 UTC
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Deere And Co Profit Climbs In Q3, Beats estimates
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DE
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https://www.nasdaq.com/articles/deere-and-co-profit-climbs-in-q3-beats-estimates
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(RTTNews) - Deere And Co (DE) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $2.98 billion, or $10.20 per share. This compares with $1.88 billion, or $6.16 per share, in last year's third quarter.
Analysts on average had expected the company to earn $8.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.1% to $15.80 billion from $14.10 billion last year.
Deere And Co earnings at a glance (GAAP) :
-Earnings (Q3): $2.98 Bln. vs. $1.88 Bln. last year. -EPS (Q3): $10.20 vs. $6.16 last year. -Analyst Estimate: $8.20 -Revenue (Q3): $15.80 Bln vs. $14.10 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) announced earnings for its third 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 (Q3): $2.98 Bln.
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Analysts' estimates typically exclude special items. (RTTNews) - Deere And Co (DE) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates. Deere And Co earnings at a glance (GAAP) : -Earnings (Q3): $2.98 Bln.
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(RTTNews) - Deere And Co (DE) announced earnings for its third 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 (Q3): $2.98 Bln.
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(RTTNews) - Deere And Co (DE) announced earnings for its third 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 (Q3): $2.98 Bln.
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720374.0
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2023-08-18 00:00:00 UTC
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Deere And Co Q3 23 Earnings Conference Call At 10:00 AM ET
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DE
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https://www.nasdaq.com/articles/deere-and-co-q3-23-earnings-conference-call-at-10%3A00-am-et
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(RTTNews) - Deere And Co (DE) will host a conference call at 10:00 AM ET on Aug. 18, 2023, to discuss Q3 23 earnings results. Deere And Co is scheduled to report results on Friday, August 18, before market open.
To access the live webcast, log on to http://www.JohnDeere.com/earnings
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) will host a conference call at 10:00 AM ET on Aug. 18, 2023, to discuss Q3 23 earnings results. Deere And Co is scheduled to report results on Friday, August 18, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings 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) will host a conference call at 10:00 AM ET on Aug. 18, 2023, to discuss Q3 23 earnings results. Deere And Co is scheduled to report results on Friday, August 18, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings 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) will host a conference call at 10:00 AM ET on Aug. 18, 2023, to discuss Q3 23 earnings results. Deere And Co is scheduled to report results on Friday, August 18, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings 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) will host a conference call at 10:00 AM ET on Aug. 18, 2023, to discuss Q3 23 earnings results. Deere And Co is scheduled to report results on Friday, August 18, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings 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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720375.0
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2023-08-18 00:00:00 UTC
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US STOCKS-Futures slip on worries over higher-for-longer interest rates
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https://www.nasdaq.com/articles/us-stocks-futures-slip-on-worries-over-higher-for-longer-interest-rates
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures down: Dow 0.22%, S&P 0.23%, Nasdaq 0.32%
Aug 18 (Reuters) - U.S. stock index futures edged lower on Friday after a three-day selloff on Wall Street, as evidence of a resilient U.S. economy spurred fears that the Federal Reserve would hold interest rates for longer than previously expected.
Wall Street's main indexes have shed over 2% each this week after a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields.
The yield on the 10-year Treasury note US10YT=RR hit a ten-month high of 4.328% in the previous session and came within a whisker of its highest level since 2007. US/
"The relative strength of the U.S. economy is prompting fears of rates sticking higher for longer across the Atlantic and a potential shift from the current easing of inflationary pressures. This is reflected in a big surge in U.S. government bond yields," said Russ Mould, AJ Bell investment director.
On Friday, big technology and growth stocks slipped in premarket trade even as Treasury yields eased, with Tesla TSLA.O down 1.7% and leading declines.
Risk sentiment has also been hurt in recent days by China's sluggish economic recovery and growing concerns about its property market. U.S.-listed shares of Chinese companies JD.Com JD.O and Alibaba Group BABA.N fell 3.6% and 2.4% respectively.
Among major movers of the day, Applied Materials AMAT.O rose 3.2% after the chip equipment maker forecast fourth-quarter profit above analysts' estimates and posted better-than-expected third-quarter earnings.
Estee Lauder EL.N and Deere & Co DE.N are among companies scheduled to report quarterly earnings before the bell.
With no major economic data due on Friday, focus will now shift to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole economic symposium next week.
Earnings from chip designer Nvidia NVDA.O, which have rallied this year on enthusiasm around artificial intelligence, will also grab the spotlight in the coming days.
At 5:27 a.m. ET, Dow e-minis 1YMcv1 were down 76 points, or 0.22%, S&P 500 e-minis EScv1 were down 10.25 points, or 0.23%, and Nasdaq 100 e-minis NQcv1 were down 47 points, or 0.32%.
Shares of Keysight Technologies KEYS.N dropped 11.2% on the electronic equipment maker's downbeat fourth-quarter forecast.
(Reporting by Amruta Khandekar; 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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On Friday, big technology and growth stocks slipped in premarket trade even as Treasury yields eased, with Tesla TSLA.O down 1.7% and leading declines. Futures down: Dow 0.22%, S&P 0.23%, Nasdaq 0.32% Aug 18 (Reuters) - U.S. stock index futures edged lower on Friday after a three-day selloff on Wall Street, as evidence of a resilient U.S. economy spurred fears that the Federal Reserve would hold interest rates for longer than previously expected. Wall Street's main indexes have shed over 2% each this week after a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields.
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Futures down: Dow 0.22%, S&P 0.23%, Nasdaq 0.32% Aug 18 (Reuters) - U.S. stock index futures edged lower on Friday after a three-day selloff on Wall Street, as evidence of a resilient U.S. economy spurred fears that the Federal Reserve would hold interest rates for longer than previously expected. With no major economic data due on Friday, focus will now shift to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole economic symposium next week. Wall Street's main indexes have shed over 2% each this week after a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields.
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Futures down: Dow 0.22%, S&P 0.23%, Nasdaq 0.32% Aug 18 (Reuters) - U.S. stock index futures edged lower on Friday after a three-day selloff on Wall Street, as evidence of a resilient U.S. economy spurred fears that the Federal Reserve would hold interest rates for longer than previously expected. Wall Street's main indexes have shed over 2% each this week after a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. On Friday, big technology and growth stocks slipped in premarket trade even as Treasury yields eased, with Tesla TSLA.O down 1.7% and leading declines.
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Wall Street's main indexes have shed over 2% each this week after a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. Futures down: Dow 0.22%, S&P 0.23%, Nasdaq 0.32% Aug 18 (Reuters) - U.S. stock index futures edged lower on Friday after a three-day selloff on Wall Street, as evidence of a resilient U.S. economy spurred fears that the Federal Reserve would hold interest rates for longer than previously expected. On Friday, big technology and growth stocks slipped in premarket trade even as Treasury yields eased, with Tesla TSLA.O down 1.7% and leading declines.
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2023-08-18 00:00:00 UTC
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S&P Futures Tick Lower on China Woes, Fed Concerns
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https://www.nasdaq.com/articles/sp-futures-tick-lower-on-china-woes-fed-concerns
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September S&P 500 futures (ESU23) are trending down -0.22% this morning after three major U.S. benchmark indices closed in the red on Thursday as market participants digested another round of resilient economic data that heightened concerns about the possibility of interest rates remaining higher for longer, while worries about China also weighed on sentiment.
In Thursday’s trading session, the benchmark S&P 500 fell to a 7-week low, the blue-chip Dow posted a 1-month low, and the tech-heavy Nasdaq 100 notched a 1-1/2 month low. CVS Health Corp (CVS) plunged over -8% and was the top percentage loser on the S&P 500 after non-profit health insurer Blue Shield of California said it would drop CVS Health’s Caremark as its primary pharmacy benefit manager. Also, Paramount Global (PARA) fell more than -2% after the Wall Street Journal reported that the company had abandoned a plan to sell a majority stake in its BET Media Group. In addition, Wolfspeed Inc (WOLF) tumbled about -17% after the company reported mixed Q4 results and issued a soft Q1 outlook. On the bullish side, Cisco Systems Inc (CSCO) climbed more than +3% after the networking and cloud giant posted upbeat Q4 results, and its CEO highlighted the promising prospects of artificial intelligence. Energy stocks also gained ground as the price of WTI crude rose over +1%.
The Labor Department’s report on Thursday showed claims for state unemployment benefits fell -11K to 239K, stronger than expectations of 240K, indicating resilience in the labor market. Also, the U.S. Philadelphia Fed business outlook survey rose to a 16-month high of 12.0 in August, stronger than expectations of -10.0.
“This week’s data hasn’t given them any reason to let their guard down. With housing starts, retail sales, and jobless claims all reinforcing the picture of a robust economy, another rate hike can’t be ruled out, even if the Fed remains on hold next month,” said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office.
Meanwhile, U.S. rate futures have priced in an 11.5% probability of a 25 basis point rate increase at September’s monetary policy meeting and a 33.2% chance of a 25 basis point rate hike at the November FOMC meeting.
On the earnings front, major companies like Deere & Company (DE), Palo Alto Networks (PANW), and Estee Lauder (EL) are set to report their quarterly figures today.
The U.S. economic data slate is mainly empty on Friday.
In the bond markets, United States 10-Year rates are at 4.240%, down -1.61%.
The Euro Stoxx 50 futures are down -0.54% this morning as worries about sustained elevated interest rates worldwide and diminishing growth prospects in China dampened risk sentiment. Retail stocks led the declines on Friday on the back of weak U.K. retail sales data, while telecom stocks outperformed. The Office for National Statistics said Friday that retail sales in the U.K. experienced a worse-than-expected decline on a yearly and monthly basis last month, attributed to consumers dealing with wet weather and the intensifying cost-of-living crisis. Also, Eurostat data showed on Friday that Eurozone headline inflation continued to decelerate in July, and indications suggest that underlying price pressures may have peaked. In corporate news, Suse Sa (SUSE.D.DX) surged about +59% following the announcement that the software solutions provider will be taken private by its majority shareholder EQT AB at an offer price of 16 euros per share.
U.K.’s Retail Sales, U.K.’s Core Retail Sales, Eurozone’s CPI, and Eurozone’s Core CPI data were released today.
U.K. July Retail Sales stood at -1.2% m/m and -3.2% y/y, weaker than expectations of -0.5% m/m and -2.1% y/y.
U.K. July Core Retail Sales came in at -1.4% m/m and -3.4% y/y, weaker than expectations of -0.7% m/m and -2.2% y/y.
Eurozone July CPI has been reported at -0.1% m/m and +5.3% y/y, in line with expectations.
Eurozone July Core CPI arrived at -0.1% m/m and +5.5% y/y, in line with expectations.
Asian stock markets today settled in the red. China’s Shanghai Composite Index (SHCOMP) closed down -1.00%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -0.55%.
China’s Shanghai Composite today closed lower as investor sentiment continued to be subdued due to the absence of concrete stimulus measures to boost consumption and shore up the troubled real estate sector. China’s state-owned property developers warned of widespread losses, contributing to growing apprehensions that the housing crisis is broadening its impact from the private sector to government-backed companies. Meanwhile, Nomura Holdings cut its growth forecast for China this year to 4.6% due to weaker-than-expected data in July and an ongoing “downward spiral” in the economy. In other news, embattled developer China Evergrande Group filed for Chapter 15 protection in a U.S. bankruptcy court on Thursday as part of its debt restructuring process. Hong Kong-listed technology stocks slumped on Friday, with Li Auto Inc and JD.com Inc plunging over -5%. China is expected to reduce lending benchmarks at a monthly fixing on Monday, with numerous analysts forecasting a significant reduction in the mortgage reference rate to revive credit demand and provide support to the struggling property sector.
Japan’s Nikkei 225 Stock Index closed lower today amid apprehensions regarding China’s economic outlook and anxieties surrounding rising global yields. Data on Friday indicated that Japan’s core consumer inflation decelerated in July but remained above the Bank of Japan’s price target for the 16th consecutive month. Meanwhile, the yen strengthened on Friday following Japan’s consumer inflation data, putting pressure on export-oriented stocks. On the positive side, heavyweight chip-related stocks outperformed, with Advantest rising over +1% and Tokyo Electron gaining about +0.7%. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -0.20% to 19.52.
“The Japanese market slipped for the same reasons in the past few sessions - concerns about the economy in China and rising global yields. Japanese equities were easily affected by overseas cues as there were no market-moving catalysts in Japan at the moment,” said Shuji Hosoi, senior strategist at Daiwa Securities.
The Japanese July National Core CPI stood at +3.1% y/y, in line with expectations.
Pre-Market U.S. Stock Movers
Ross Stores Inc (ROST) climbed over +5% in pre-market trading after the off-price retailer reported upbeat Q2 results and set favorable Q3 comparable sales and EPS guidance.
Farfetch Ltd (FTCH) tumbled more than -37% in pre-market trading after the company posted weaker-than-expected Q2 revenue and provided a weak FY23 revenue outlook.
Applied Materials Inc (AMAT) rose over +3% in pre-market trading after the semiconductor capital equipment maker reported upbeat Q3 results and issued strong Q4 guidance.
Sea Ltd (SE) fell more than -2% in pre-market trading after JPMorgan downgraded the stock to Neutral from Overweight.
IPG Photonics Corporation (IPGP) dropped over -1% in pre-market trading after Citi downgraded the stock to Neutral from Buy.
Marvell Technology Group Ltd (MRVL) gained more than +1% in pre-market trading after B. Riley upgraded the stock to Buy from Neutral.
You can see more pre-market stock movers here
Today’s U.S. Earnings Spotlight: Friday - August 18th
Deere&Company (DE), Palo Alto Networks (PANW), Estee Lauder (EL), Xpeng (XPEV), Vipshop (VIPS), StealthGas (GASS).
More Stock Market News from Barchart
Rising Bond Yields Pressure Stock Prices 3 Top Semiconductor Stocks to Watch Right Now VinFast Stock Forecast: More Volatility Ahead for New EV Listing Will Apple’s New iPhone Debut be a Bullish Catalyst?
On the date of publication, Oleksandr Pylypenko 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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With housing starts, retail sales, and jobless claims all reinforcing the picture of a robust economy, another rate hike can’t be ruled out, even if the Fed remains on hold next month,” said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office. China is expected to reduce lending benchmarks at a monthly fixing on Monday, with numerous analysts forecasting a significant reduction in the mortgage reference rate to revive credit demand and provide support to the struggling property sector. On the bullish side, Cisco Systems Inc (CSCO) climbed more than +3% after the networking and cloud giant posted upbeat Q4 results, and its CEO highlighted the promising prospects of artificial intelligence.
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On the earnings front, major companies like Deere & Company (DE), Palo Alto Networks (PANW), and Estee Lauder (EL) are set to report their quarterly figures today. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Friday - August 18th Deere&Company (DE), Palo Alto Networks (PANW), Estee Lauder (EL), Xpeng (XPEV), Vipshop (VIPS), StealthGas (GASS). More Stock Market News from Barchart Rising Bond Yields Pressure Stock Prices 3 Top Semiconductor Stocks to Watch Right Now VinFast Stock Forecast: More Volatility Ahead for New EV Listing Will Apple’s New iPhone Debut be a Bullish Catalyst?
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Retail stocks led the declines on Friday on the back of weak U.K. retail sales data, while telecom stocks outperformed. More Stock Market News from Barchart Rising Bond Yields Pressure Stock Prices 3 Top Semiconductor Stocks to Watch Right Now VinFast Stock Forecast: More Volatility Ahead for New EV Listing Will Apple’s New iPhone Debut be a Bullish Catalyst? On the bullish side, Cisco Systems Inc (CSCO) climbed more than +3% after the networking and cloud giant posted upbeat Q4 results, and its CEO highlighted the promising prospects of artificial intelligence.
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Marvell Technology Group Ltd (MRVL) gained more than +1% in pre-market trading after B. Riley upgraded the stock to Buy from Neutral. On the bullish side, Cisco Systems Inc (CSCO) climbed more than +3% after the networking and cloud giant posted upbeat Q4 results, and its CEO highlighted the promising prospects of artificial intelligence. Energy stocks also gained ground as the price of WTI crude rose over +1%.
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2023-08-18 00:00:00 UTC
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Deere Lifts FY23 View As Q3 Results Climb, Top Estimates - Update
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https://www.nasdaq.com/articles/deere-lifts-fy23-view-as-q3-results-climb-top-estimates-update
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(RTTNews) - While announcing significant growth in third-quarter results above market, Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, on Friday raised its forecast for fiscal 2023 earnings view.
For fiscal 2023, net income attributable to the company is now forecast to be in a range of $9.75 billion to $10.00 billion. The company previously expected net income attributable to be in a range of $9.25 billion to $9.50 billion.
John May, chairman and chief executive officer, said, "Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement... Deere is well on the way to another year of exceptional achievement due in large part to positive fundamentals in the farm and construction sectors ...."
In the third quarter, Deere & Co. reported net income of $2.98 billion or $10.20 per share, 58 percent higher than net income of $1.88 billion or $6.16 per share a year ago.
Worldwide net sales and revenues increased 12 percent to $15.80 billion from last year's $14.10 billion. Net sales were $14.284 billion for the quarter, compared with $13.00 billion last year.
On average, analysts polled by Thomson Reuters expected earnings of $8.20 per share on sales of $14.25 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 announcing significant growth in third-quarter results above market, Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, on Friday raised its forecast for fiscal 2023 earnings view. John May, chairman and chief executive officer, said, "Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement... Deere is well on the way to another year of exceptional achievement due in large part to positive fundamentals in the farm and construction sectors ...." In the third quarter, Deere & Co. reported net income of $2.98 billion or $10.20 per share, 58 percent higher than net income of $1.88 billion or $6.16 per share a year ago. Worldwide net sales and revenues increased 12 percent to $15.80 billion from last year's $14.10 billion.
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John May, chairman and chief executive officer, said, "Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement... Deere is well on the way to another year of exceptional achievement due in large part to positive fundamentals in the farm and construction sectors ...." In the third quarter, Deere & Co. reported net income of $2.98 billion or $10.20 per share, 58 percent higher than net income of $1.88 billion or $6.16 per share a year ago. (RTTNews) - While announcing significant growth in third-quarter results above market, Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, on Friday raised its forecast for fiscal 2023 earnings view. Worldwide net sales and revenues increased 12 percent to $15.80 billion from last year's $14.10 billion.
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John May, chairman and chief executive officer, said, "Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement... Deere is well on the way to another year of exceptional achievement due in large part to positive fundamentals in the farm and construction sectors ...." In the third quarter, Deere & Co. reported net income of $2.98 billion or $10.20 per share, 58 percent higher than net income of $1.88 billion or $6.16 per share a year ago. (RTTNews) - While announcing significant growth in third-quarter results above market, Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, on Friday raised its forecast for fiscal 2023 earnings view. Worldwide net sales and revenues increased 12 percent to $15.80 billion from last year's $14.10 billion.
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John May, chairman and chief executive officer, said, "Reflected by our strong third-quarter results, Deere continues to benefit from favorable market conditions and an operating environment showing further improvement... Deere is well on the way to another year of exceptional achievement due in large part to positive fundamentals in the farm and construction sectors ...." In the third quarter, Deere & Co. reported net income of $2.98 billion or $10.20 per share, 58 percent higher than net income of $1.88 billion or $6.16 per share a year ago. (RTTNews) - While announcing significant growth in third-quarter results above market, Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, on Friday raised its forecast for fiscal 2023 earnings view. Worldwide net sales and revenues increased 12 percent to $15.80 billion from last year's $14.10 billion.
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0033554f-d5ba-4c72-a775-afd627c5367f
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720378.0
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2023-08-17 00:00:00 UTC
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Should You Buy Deere (DE) Ahead of Earnings?
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-de-ahead-of-earnings
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nan
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Deere DE may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deere is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $8.29 per share for DE, compared to a broader Zacks Consensus Estimate of $8.12 per share. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +2.03% heading into earnings season.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere, and that a beat might be in the cards for the upcoming report.
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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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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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere, and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deere DE may be one such company.
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Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere, and that a beat might be in the cards for the upcoming report. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deere DE may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +2.03% heading into earnings season. Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Deere DE may be one such company.
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Investors are always looking for stocks that are poised to beat at earnings season and Deere DE may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report. Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
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7df85553-3652-49f0-bccd-03c92ef80102
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720379.0
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2023-08-17 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-32
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DEERE & COMPANY (DE). This momentum model looks for a combination of fundamental momentum and price momentum.
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521742e2-2945-4db4-861c-11ab396bad61
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720380.0
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2023-08-15 00:00:00 UTC
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DE Quantitative Stock Analysis
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DE
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-5
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
Financial Planning Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Financial Planning Podcast 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.
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Of the 22 guru strategies we follow, DE rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Financial Planning Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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670c9d9a-7bce-4b83-a5ae-10cf74e66c5b
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720381.0
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2023-08-14 00:00:00 UTC
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Notable Monday Option Activity: DE, ORCL, ETSY
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DE
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-de-orcl-etsy
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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 Deere & Co. (Symbol: DE), where a total volume of 6,436 contracts has been traded thus far today, a contract volume which is representative of approximately 643,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49% of DE's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $440 strike call option expiring September 15, 2023, with 430 contracts trading so far today, representing approximately 43,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $440 strike highlighted in orange:
Oracle Corp (Symbol: ORCL) options are showing a volume of 30,648 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 43.9% of ORCL's average daily trading volume over the past month, of 7.0 million shares. Especially high volume was seen for the $116 strike call option expiring August 18, 2023, with 4,772 contracts trading so far today, representing approximately 477,200 underlying shares of ORCL. Below is a chart showing ORCL's trailing twelve month trading history, with the $116 strike highlighted in orange:
And Etsy Inc (Symbol: ETSY) options are showing a volume of 13,823 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 40.2% of ETSY's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $110 strike put option expiring September 15, 2023, with 1,560 contracts trading so far today, representing approximately 156,000 underlying shares of ETSY. Below is a chart showing ETSY's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for DE options, ORCL options, or ETSY options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Dividend Yield
TGLS Dividend History
WSCI market cap 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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Especially high volume was seen for the $440 strike call option expiring September 15, 2023, with 430 contracts trading so far today, representing approximately 43,000 underlying shares of DE. Especially high volume was seen for the $116 strike call option expiring August 18, 2023, with 4,772 contracts trading so far today, representing approximately 477,200 underlying shares of ORCL. Particularly high volume was seen for the $110 strike put option expiring September 15, 2023, with 1,560 contracts trading so far today, representing approximately 156,000 underlying shares of ETSY.
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That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 43.9% of ORCL's average daily trading volume over the past month, of 7.0 million shares. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 40.2% of ETSY's average daily trading volume over the past month, of 3.4 million shares. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 6,436 contracts has been traded thus far today, a contract volume which is representative of approximately 643,600 underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 6,436 contracts has been traded thus far today, a contract volume which is representative of approximately 643,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 40.2% of ETSY's average daily trading volume over the past month, of 3.4 million shares. That number works out to 49% of DE's average daily trading volume over the past month, of 1.3 million shares.
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That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 40.2% of ETSY's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $110 strike put option expiring September 15, 2023, with 1,560 contracts trading so far today, representing approximately 156,000 underlying shares of ETSY. Below is a chart showing ETSY's trailing twelve month trading history, with the $110 strike highlighted in orange: For the various different available expirations for DE options, ORCL options, or ETSY options, visit StockOptionsChannel.com.
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7c9b1bfe-5926-4e0e-bcc9-7b2931c9208d
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720382.0
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2023-08-14 00:00:00 UTC
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Stocks Set to Open Higher as Investors Await FOMC Minutes, Retail Earnings
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DE
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https://www.nasdaq.com/articles/stocks-set-to-open-higher-as-investors-await-fomc-minutes-retail-earnings
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nan
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nan
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September S&P 500 futures (ESU23) are up +0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.15% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as quarterly earnings reports from high-profile retailers.
In Friday’s trading session, Wall Street’s major averages closed mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 dropping to 1-month lows. Wynn Resorts Limited (WYNN) slid over -3% after the company announced the closure of its sports betting app in eight states. Chip stocks also slumped, with Lam Research Corp (LRCX) falling about -5% and NVIDIA Corporation (NVDA) dropping more than -3%. In addition, U.S.-listed Chinese technology stocks plunged on concerns surrounding the state of China’s economy. As a result, JD.com Inc (JD) closed down over -5%, and Baidu Inc (BIDU) closed down more than -4%. On the bullish side, News Corp (NWSA) climbed over +4% and was the top percentage gainer on the S&P 500 after the Rupert Murdoch-owned media conglomerate topped quarterly profit estimates.
Data on Friday showed the U.S. July producer price index stood at +0.8% y/y compared to +0.2% y/y in June, stronger than expectations of +0.7% y/y. Also, U.S. Core PPI arrived at +2.4% y/y in July, stronger than expectations of +2.3% y/y. In addition, the University of Michigan’s consumer sentiment reading came in at 71.2 in August, stronger than expectations of 71.0, while year-ahead inflation expectations unexpectedly eased to +3.3%.
“We think there’s some reassessment of inflation going on with investors looking further under the hood. Disinflation has been very rapid in the past months at the top level, but that may be leveling out here a little,” said Paul Christopher, head ofglobal marketstrategy at Wells Fargo Investment Institut.
Second-quarter earnings season winds down, with investors anticipating fresh reports from major global companies this week, including Home Depot (HD), Agilent Technologies (A), Cisco (CSCO), TJX (TJX), Target (TGT), Walmart (WMT), Applied Materials (AMAT), Ross Stores (ROST), Deere&Company (DE), Palo Alto Networks (PANW), and Estee Lauder (EL).
In the coming week, investors will be monitoring a spate of economic data, including U.S. Retail Sales, Core Retail Sales, Export Price Index, Import Price Index, NY Empire State Manufacturing Index, Building Permits (preliminary), Housing Starts, Industrial Production, Manufacturing Production, Crude Oil Inventories, Philadelphia Fed Manufacturing Index, and Initial Jobless Claims.
In addition, investors will be closely watching the release of the Federal Reserve’s minutes from the July meeting on Wednesday, seeking additional insights into the trajectory of interest rates after the July CPI reading calmed some nerves. U.S. rate futures have priced in an 88.5% probability of no hike and an 11.5% chance of a 25 basis point rate increase at the next central bank meeting in September.
The U.S. economic data slate is mainly empty on Monday.
In the bond markets, United States 10-Year rates are at 4.158%, down -0.24%.
The Euro Stoxx 50 futures are up +0.35% this morning as investors digested better-than-expected Germany’s inflation data while awaiting the release of Federal Reserve policy minutes later in the week. Telecom and bank stocks gained ground on Monday, while mining and energy stocks underperformed. Data released by the Federal Statistical Office on Monday indicated that German wholesale prices fell by -2.8% year-on-year in July, marking the fourth consecutive month of decline. In corporate news, Kon.Philips N.V. (PHIA.NA) surged over +4% after Exor NV bought a 15% stake in the Dutch medical technology company. Also, Talanx Ag (TLX.D.DX) rose more than +2% after boosting its profit guidance.
Germany’s WPI data was released today.
The German July WPI has been reported at -0.2% m/m and -2.8% y/y, compared to expectations of -1.4% m/m and -2.6% y/y.
Asian stock markets today settled in the red. China’s Shanghai Composite Index (SHCOMP) closed down -0.34%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -1.27%.
China’s Shanghai Composite today closed lower amid persistent concerns over slowing economic growth. Recent data showed that China’s new bank loans plunged in July, with other key credit gauges also showing signs of weakening, despite policymakers’ efforts to mitigate the economic slowdown through interest rate cuts and pledges of further support. Meanwhile, Country Garden Holdings Co Ltd tumbled over -18% after the country’s top private property developer said it would suspend trading in onshore bonds of 11 of its units amid growing debt problems. Also, shares of Chinese electric vehicle makers listed in Hong Kong plunged amid worries about further price cuts after Tesla cut prices again in China for some Model Y versions, with Li Auto Inc falling more than -2% and Xpeng Inc slumping about -3%. In other news, two clients of Chinese trust company Zhongrong International Trust Co said over the weekend that they had not received payment on maturing investment products. On the ground of this, China’s banking regulator announced it would set up a task force dedicated to assessing risks associated with Zhongzhi Enterprise Group Co. Investor attention is now squarely on Chinese retail sales and industrial production data due on Tuesday.
Japan’s Nikkei 225 Stock Index closed sharply lower today, weighed down by losses in chip and energy stocks, while concerns over the Chinese economy also dampened market sentiment. Chip-related stocks slumped on Monday, with chip-making equipment maker Tokyo Electron falling about -1% and chip-testing equipment maker Advantest dropping more than -3%. Meanwhile, Nippon Sheet Glass climbed over +10% after reporting better-than-expected quarterly results. In other news, Reuters reported that SoftBank Group Corp is engaged in discussions to purchase the remaining 25% stake in Arm Ltd from Vision Fund 1, a $100 billion investment fund it raised in 2017. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed up +2.44% to 19.70.
Pre-Market U.S. Stock Movers
Tesla Inc (TSLA) fell over -1% in pre-market trading after the automaker reduced the prices for Model Y Long Range and Performance versions in China.
Okta Inc (OKTA) climbed more than +4% in pre-market trading after Goldman Sachs upgraded the stock to Buy from Sell.
United States Steel Corporation (X) surged over +22% in pre-market trading as the company initiated a formal review of its strategic options after rejecting a $7.25 billion cash and stock takeover offer from Cleveland-Cliffs Inc.
CF Industries Holdings Inc (CF) slid more than -1% in pre-market trading after Barclays downgraded the stock to Equal Weight from Overweight.
Nikola Corp (NKLA) plunged over -15% in pre-market trading after the company announced a recall of all battery-powered electric trucks it had previously delivered due to two battery fires, and it also temporarily suspended sales of new battery-electric vehicles.
Marriott International Inc (MAR) dropped about -3% in pre-market trading after Bernstein downgraded the stock to Market Perform from Outperform.
You can see more pre-market stock movers here
Today’s U.S. Earnings Spotlight: Monday - August 14th
Roivant Sciences (ROIV), Monday.Com (MNDY), Natura & Co (NTCO), Beach Energy (BCHEY), Rumble (RUM), Getty Images Holdings (GETY), JinkoSolar (JKS), Definitive Healthcare (DH), Navitas Semiconductor (NVTS), Altus Power (AMPS), Ast Spacemobile (ASTS), Ferroglobe (GSM), Yalla (YALA), Hut 8 Mining (HUT), Terawulf (WULF), CompoSecure (CMPO).
More Stock Market News from Barchart
Retail Data, FOMC and Other Can't Miss Items this WeekDomino's Pizza Stock Looks Cheap To Traders Who Sell Short OTM PutsCracking the Currency Code: Analyzing Seasonal Patterns and the Future of the British PoundStocks Weighed Down by Stronger U.S. PPI and Higher Bond Yields
On the date of publication, Oleksandr Pylypenko 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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On the ground of this, China’s banking regulator announced it would set up a task force dedicated to assessing risks associated with Zhongzhi Enterprise Group Co. Investor attention is now squarely on Chinese retail sales and industrial production data due on Tuesday. Nikola Corp (NKLA) plunged over -15% in pre-market trading after the company announced a recall of all battery-powered electric trucks it had previously delivered due to two battery fires, and it also temporarily suspended sales of new battery-electric vehicles. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Monday - August 14th Roivant Sciences (ROIV), Monday.Com (MNDY), Natura & Co (NTCO), Beach Energy (BCHEY), Rumble (RUM), Getty Images Holdings (GETY), JinkoSolar (JKS), Definitive Healthcare (DH), Navitas Semiconductor (NVTS), Altus Power (AMPS), Ast Spacemobile (ASTS), Ferroglobe (GSM), Yalla (YALA), Hut 8 Mining (HUT), Terawulf (WULF), CompoSecure (CMPO).
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In the coming week, investors will be monitoring a spate of economic data, including U.S. Retail Sales, Core Retail Sales, Export Price Index, Import Price Index, NY Empire State Manufacturing Index, Building Permits (preliminary), Housing Starts, Industrial Production, Manufacturing Production, Crude Oil Inventories, Philadelphia Fed Manufacturing Index, and Initial Jobless Claims. The Euro Stoxx 50 futures are up +0.35% this morning as investors digested better-than-expected Germany’s inflation data while awaiting the release of Federal Reserve policy minutes later in the week. Japan’s Nikkei 225 Stock Index closed sharply lower today, weighed down by losses in chip and energy stocks, while concerns over the Chinese economy also dampened market sentiment.
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In the coming week, investors will be monitoring a spate of economic data, including U.S. Retail Sales, Core Retail Sales, Export Price Index, Import Price Index, NY Empire State Manufacturing Index, Building Permits (preliminary), Housing Starts, Industrial Production, Manufacturing Production, Crude Oil Inventories, Philadelphia Fed Manufacturing Index, and Initial Jobless Claims. United States Steel Corporation (X) surged over +22% in pre-market trading as the company initiated a formal review of its strategic options after rejecting a $7.25 billion cash and stock takeover offer from Cleveland-Cliffs Inc. CF Industries Holdings Inc (CF) slid more than -1% in pre-market trading after Barclays downgraded the stock to Equal Weight from Overweight. More Stock Market News from Barchart Retail Data, FOMC and Other Can't Miss Items this WeekDomino's Pizza Stock Looks Cheap To Traders Who Sell Short OTM PutsCracking the Currency Code: Analyzing Seasonal Patterns and the Future of the British PoundStocks Weighed Down by Stronger U.S. PPI and Higher Bond Yields On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article.
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In addition, investors will be closely watching the release of the Federal Reserve’s minutes from the July meeting on Wednesday, seeking additional insights into the trajectory of interest rates after the July CPI reading calmed some nerves. Japan’s Nikkei 225 Stock Index closed sharply lower today, weighed down by losses in chip and energy stocks, while concerns over the Chinese economy also dampened market sentiment. September S&P 500 futures (ESU23) are up +0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.15% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as quarterly earnings reports from high-profile retailers.
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720383.0
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2023-08-14 00:00:00 UTC
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Stocks Set to Open Lower as Investors Await FOMC Minutes, Retail Earnings
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https://www.nasdaq.com/articles/stocks-set-to-open-lower-as-investors-await-fomc-minutes-retail-earnings
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September S&P 500 futures (ESU23) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.05% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as quarterly earnings reports from high-profile retailers.
In Friday’s trading session, Wall Street’s major averages closed mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 dropping to 1-month lows. Wynn Resorts Limited (WYNN) slid over -3% after the company announced the closure of its sports betting app in eight states. Chip stocks also slumped, with Lam Research Corp (LRCX) falling about -5% and NVIDIA Corporation (NVDA) dropping more than -3%. In addition, U.S.-listed Chinese technology stocks plunged on concerns surrounding the state of China’s economy. As a result, JD.com Inc (JD) closed down over -5%, and Baidu Inc (BIDU) closed down more than -4%. On the bullish side, News Corp (NWSA) climbed over +4% and was the top percentage gainer on the S&P 500 after the Rupert Murdoch-owned media conglomerate topped quarterly profit estimates.
Data on Friday showed the U.S. July producer price index stood at +0.8% y/y compared to +0.2% y/y in June, stronger than expectations of +0.7% y/y. Also, U.S. Core PPI arrived at +2.4% y/y in July, stronger than expectations of +2.3% y/y. In addition, the University of Michigan’s consumer sentiment reading came in at 71.2 in August, stronger than expectations of 71.0, while year-ahead inflation expectations unexpectedly eased to +3.3%.
“We think there’s some reassessment of inflation going on with investors looking further under the hood. Disinflation has been very rapid in the past months at the top level, but that may be leveling out here a little,” said Paul Christopher, head ofglobal marketstrategy at Wells Fargo Investment Institut.
Second-quarter earnings season winds down, with investors anticipating fresh reports from major global companies this week, including Home Depot (HD), Agilent Technologies (A), Cisco (CSCO), TJX (TJX), Target (TGT), Walmart (WMT), Applied Materials (AMAT), Ross Stores (ROST), Deere&Company (DE), Palo Alto Networks (PANW), and Estee Lauder (EL).
In the coming week, investors will be monitoring a spate of economic data, including U.S. Retail Sales, Core Retail Sales, Export Price Index, Import Price Index, NY Empire State Manufacturing Index, Building Permits (preliminary), Housing Starts, Industrial Production, Manufacturing Production, Crude Oil Inventories, Philadelphia Fed Manufacturing Index, and Initial Jobless Claims.
In addition, investors will be closely watching the release of the Federal Reserve’s minutes from the July meeting on Wednesday, seeking additional insights into the trajectory of interest rates after the July CPI reading calmed some nerves. U.S. rate futures have priced in an 88.5% probability of no hike and an 11.5% chance of a 25 basis point rate increase at the next central bank meeting in September.
The U.S. economic data slate is mainly empty on Monday.
In the bond markets, United States 10-Year rates are at 4.158%, down -0.24%.
The Euro Stoxx 50 futures are up +0.35% this morning as investors digested better-than-expected Germany’s inflation data while awaiting the release of Federal Reserve policy minutes later in the week. Telecom and bank stocks gained ground on Monday, while mining and energy stocks underperformed. Data released by the Federal Statistical Office on Monday indicated that German wholesale prices fell by -2.8% year-on-year in July, marking the fourth consecutive month of decline. In corporate news, Kon.Philips N.V. (PHIA.NA) surged over +4% after Exor NV bought a 15% stake in the Dutch medical technology company. Also, Talanx Ag (TLX.D.DX) rose more than +2% after boosting its profit guidance.
Germany’s WPI data was released today.
The German July WPI has been reported at -0.2% m/m and -2.8% y/y, compared to expectations of -1.4% m/m and -2.6% y/y.
Asian stock markets today settled in the red. China’s Shanghai Composite Index (SHCOMP) closed down -0.34%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -1.27%.
China’s Shanghai Composite today closed lower amid persistent concerns over slowing economic growth. Recent data showed that China’s new bank loans plunged in July, with other key credit gauges also showing signs of weakening, despite policymakers’ efforts to mitigate the economic slowdown through interest rate cuts and pledges of further support. Meanwhile, Country Garden Holdings Co Ltd tumbled over -18% after the country’s top private property developer said it would suspend trading in onshore bonds of 11 of its units amid growing debt problems. Also, shares of Chinese electric vehicle makers listed in Hong Kong plunged amid worries about further price cuts after Tesla cut prices again in China for some Model Y versions, with Li Auto Inc falling more than -2% and Xpeng Inc slumping about -3%. In other news, two clients of Chinese trust company Zhongrong International Trust Co said over the weekend that they had not received payment on maturing investment products. On the ground of this, China’s banking regulator announced it would set up a task force dedicated to assessing risks associated with Zhongzhi Enterprise Group Co. Investor attention is now squarely on Chinese retail sales and industrial production data due on Tuesday.
Japan’s Nikkei 225 Stock Index closed sharply lower today, weighed down by losses in chip and energy stocks, while concerns over the Chinese economy also dampened market sentiment. Chip-related stocks slumped on Monday, with chip-making equipment maker Tokyo Electron falling about -1% and chip-testing equipment maker Advantest dropping more than -3%. Meanwhile, Nippon Sheet Glass climbed over +10% after reporting better-than-expected quarterly results. In other news, Reuters reported that SoftBank Group Corp is engaged in discussions to purchase the remaining 25% stake in Arm Ltd from Vision Fund 1, a $100 billion investment fund it raised in 2017. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed up +2.44% to 19.70.
Pre-Market U.S. Stock Movers
Tesla Inc (TSLA) fell over -1% in pre-market trading after the automaker reduced the prices for Model Y Long Range and Performance versions in China.
Okta Inc (OKTA) climbed more than +4% in pre-market trading after Goldman Sachs upgraded the stock to Buy from Sell.
United States Steel Corporation (X) surged over +22% in pre-market trading as the company initiated a formal review of its strategic options after rejecting a $7.25 billion cash and stock takeover offer from Cleveland-Cliffs Inc.
CF Industries Holdings Inc (CF) slid more than -1% in pre-market trading after Barclays downgraded the stock to Equal Weight from Overweight.
Nikola Corp (NKLA) plunged over -15% in pre-market trading after the company announced a recall of all battery-powered electric trucks it had previously delivered due to two battery fires, and it also temporarily suspended sales of new battery-electric vehicles.
Marriott International Inc (MAR) dropped about -3% in pre-market trading after Bernstein downgraded the stock to Market Perform from Outperform.
You can see more pre-market stock movers here
Today’s U.S. Earnings Spotlight: Monday - August 14th
Roivant Sciences (ROIV), Monday.Com (MNDY), Natura & Co (NTCO), Beach Energy (BCHEY), Rumble (RUM), Getty Images Holdings (GETY), JinkoSolar (JKS), Definitive Healthcare (DH), Navitas Semiconductor (NVTS), Altus Power (AMPS), Ast Spacemobile (ASTS), Ferroglobe (GSM), Yalla (YALA), Hut 8 Mining (HUT), Terawulf (WULF), CompoSecure (CMPO).
More Stock Market News from Barchart
Retail Data, FOMC and Other Can't Miss Items this WeekDomino's Pizza Stock Looks Cheap To Traders Who Sell Short OTM PutsCracking the Currency Code: Analyzing Seasonal Patterns and the Future of the British PoundStocks Weighed Down by Stronger U.S. PPI and Higher Bond Yields
On the date of publication, Oleksandr Pylypenko 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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On the ground of this, China’s banking regulator announced it would set up a task force dedicated to assessing risks associated with Zhongzhi Enterprise Group Co. Investor attention is now squarely on Chinese retail sales and industrial production data due on Tuesday. Nikola Corp (NKLA) plunged over -15% in pre-market trading after the company announced a recall of all battery-powered electric trucks it had previously delivered due to two battery fires, and it also temporarily suspended sales of new battery-electric vehicles. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Monday - August 14th Roivant Sciences (ROIV), Monday.Com (MNDY), Natura & Co (NTCO), Beach Energy (BCHEY), Rumble (RUM), Getty Images Holdings (GETY), JinkoSolar (JKS), Definitive Healthcare (DH), Navitas Semiconductor (NVTS), Altus Power (AMPS), Ast Spacemobile (ASTS), Ferroglobe (GSM), Yalla (YALA), Hut 8 Mining (HUT), Terawulf (WULF), CompoSecure (CMPO).
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In the coming week, investors will be monitoring a spate of economic data, including U.S. Retail Sales, Core Retail Sales, Export Price Index, Import Price Index, NY Empire State Manufacturing Index, Building Permits (preliminary), Housing Starts, Industrial Production, Manufacturing Production, Crude Oil Inventories, Philadelphia Fed Manufacturing Index, and Initial Jobless Claims. The Euro Stoxx 50 futures are up +0.35% this morning as investors digested better-than-expected Germany’s inflation data while awaiting the release of Federal Reserve policy minutes later in the week. Japan’s Nikkei 225 Stock Index closed sharply lower today, weighed down by losses in chip and energy stocks, while concerns over the Chinese economy also dampened market sentiment.
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In the coming week, investors will be monitoring a spate of economic data, including U.S. Retail Sales, Core Retail Sales, Export Price Index, Import Price Index, NY Empire State Manufacturing Index, Building Permits (preliminary), Housing Starts, Industrial Production, Manufacturing Production, Crude Oil Inventories, Philadelphia Fed Manufacturing Index, and Initial Jobless Claims. United States Steel Corporation (X) surged over +22% in pre-market trading as the company initiated a formal review of its strategic options after rejecting a $7.25 billion cash and stock takeover offer from Cleveland-Cliffs Inc. CF Industries Holdings Inc (CF) slid more than -1% in pre-market trading after Barclays downgraded the stock to Equal Weight from Overweight. More Stock Market News from Barchart Retail Data, FOMC and Other Can't Miss Items this WeekDomino's Pizza Stock Looks Cheap To Traders Who Sell Short OTM PutsCracking the Currency Code: Analyzing Seasonal Patterns and the Future of the British PoundStocks Weighed Down by Stronger U.S. PPI and Higher Bond Yields On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article.
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In addition, investors will be closely watching the release of the Federal Reserve’s minutes from the July meeting on Wednesday, seeking additional insights into the trajectory of interest rates after the July CPI reading calmed some nerves. Japan’s Nikkei 225 Stock Index closed sharply lower today, weighed down by losses in chip and energy stocks, while concerns over the Chinese economy also dampened market sentiment. September S&P 500 futures (ESU23) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.05% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as quarterly earnings reports from high-profile retailers.
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720384.0
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2023-08-14 00:00:00 UTC
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Take the Zacks Approach to Beat the Markets: Celsius, Adobe, Curtiss-Wright in Focus
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https://www.nasdaq.com/articles/take-the-zacks-approach-to-beat-the-markets%3A-celsius-adobe-curtiss-wright-in-focus
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Two of the three most widely followed indexes closed last week in the red. The Nasdaq Composite and the S&P 500 declined 1.9% and 0.3%, respectively, whereas the Dow Jones Industrial Average gained 0.6%.
Moody’s, on August 7, downgraded 10 small and medium-sized lenders and put six banks on review for potential downgrade due to funding risks and weaker profitability. This triggered panic selling in the stock market as investors began to fear about the health of the U.S. banking system and the economy.
The most-awaited consumer price index reading rose 3.2% year over year in July compared to a 3% gain in June. Inflation has cooled off significantly from the June 2022 peak of 9.1% and is moving toward the Federal Reserve’s 2% target. Investors expect the Fed to stop its aggressive rate hike cycle or pause for the time being but remain cautious as another CPI reading and jobs data are due before the Fed’s September FOMC.
On the international front, China, which is the world’s second-largest economy, has witnessed a slowdown in growth due to sluggish demand. Economic data released on August 8 for July showed weaker-than-expected exports for July. Exports declined 14.5% and imports fell 12.4% in U.S. dollar terms from a year ago.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
Curtiss-Wright and Builders FirstSource Surges Following Zacks Rank Upgrade
Shares of Curtiss-Wright Corporation CW have gained 25.7% (versus the S&P 500’s 6.5% rise) since it was upgraded to a Zacks Rank #2 (Buy) on May 23.
Another stock, Builders FirstSource, Inc. BLDR, which was also upgraded to a Zacks Rank #1 (Strong Buy) on May 23, has returned 23.1% (versus the S&P 500’s 6.5% increase) since then.
Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
This stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. You can see the complete list of today’s Zacks Rank #1 stocks here >>>
A hypothetical portfolio of Zacks Rank #1 stocks has returned +10.8% this year (through July 3) versus +16.1% for the S&P 500 Index and +7.7% for the equal-weight S&P 500 Index. The portfolio of Zacks Rank # 1 stocks is an equal-weight portfolio, while the S&P 500 Index is a market-cap-weighted index that has been notably distorted by the strong recent performance of mega-cap stocks.
We are not trying to cherrypick here. But since this Zacks Model portfolio, consisting of Zacks Rank # 1 stocks, is an equal-weight portfolio, the equal-weight S&P 500 Index is the appropriate benchmark for comparison.
Check Curtiss-Wright’s historical EPS and Sales here>>>
Check Builders FirstSource’ historical EPS and Sales here>>>
Image Source: Zacks Investment Research
Zacks Recommendation Upgrade Drives Amphastar Pharmaceuticals and James Hardie Higher
Shares of Amphastar Pharmaceuticals, Inc. AMPH and James Hardie Industries plc JHX have advanced 23.9% (versus the S&P 500’s 6.2% rise) and 20.9% (versus the S&P 500’s 7.5% rise) since their Zacks Recommendation was upgraded to Outperform on May 30 and May 18, respectively.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Stocks Adobe, Deere & Company Shoot Up
Shares of Adobe Inc. ADBE, which belongs to the Zacks Focus List, have gained 37% over the past 12 weeks. The stock was added to the Focus List on March 13, 2020. Another Focus-List holding, Deere & Company DE, which was added to the portfolio on July 25,2017, has returned 19.7% over the past 12 weeks. The S&P 500 has gained 6.2% over this period.
The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.
The 50-stock Zacks Focus List model portfolio has returned +17.15% in 2023 (through June 30) versus +16.90% for the S&P 500 Index. In 2022, the portfolio produced -15.2% versus the S&P 500 Index’s -17.96%.
Since 2004, the Focus List portfolio has produced an annualized return of +11.10% through June 30, 2023. This compares to a +9.52% annualized return for the S&P 500 Index in the same time period.
On rolling one-, three- and five-year bases, the Zacks Focus List returned +29.36%, +16.74%, and +12.45% versus +19.57%, +14.59% and +12.30% for the S&P 500 Index, respectively.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
Zacks ECAP Stocks Amgen and MSCI Make Significant Gains
Amgen Inc. AMGN, a component of our Earnings Certain Admiral Portfolio (ECAP), has jumped 17.5% over the past 12 weeks. MSCI Inc. MSCI has followed Amgen with 16.9% returns.
ECAP, which consists of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks, has returned +6.67% in 2023 (through June 30) versus +16.90% for the S&P 500 Index. The portfolio returned -4.7% in 2022 versus the S&P 500 Index’s -17.96%.
With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stocks Automatic Data Processing and Paychex Outperform Peers
Automatic Data Processing, Inc. ADP, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 17% over the past 12 weeks. Another ECDP stock, Paychex, Inc. PAYX, has climbed 16.1% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance.
Check Automatic Data Processing’s dividend history here>>>
Check Paychex’s dividend history here>>>
With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk.
ECDP has returned +0.18% in 2023 (through June 30) versus +16.90% for the S&P 500 Index. The portfolio returned -2.3% in 2022 versus -17.96% for the S&P 500 Index and -8.34% for the ProShares S&P 500 Dividend Aristocrats ETF NOBL.
Click here to access this portfolio on Zacks Advisor Tools.
Zacks Top 10 Stocks — Celsius Holdings Delivers Solid Returns
Celsius Holdings, Inc. CELH, from the Zacks Top 10 Stocks for 2023, has gained 68.3% year to date, which compares to a 17.4% gain for the S&P 500 Index.
The portfolio returned +15.9% through the end of June 2023 versus +16.9% for the S&P 500 (the equal-weighted index, a more appropriate benchmark, returned +7% in the same period). The portfolio returned -15.8% in 2022 versus -18.1% for the S&P 500 Index. Since 2012, the Top 10 portfolio has generated an annualized return of +22.4% versus +12.5% for the S&P 500 Index.
Since the start of 2012 through May 31, 2023, the Zacks Top 10 Stocks delivered a cumulative return of 827.6% through the end of 2022 versus a 265% cumulative return for the S&P 500 Index.
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 +24.3% 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
Paychex, Inc. (PAYX) : Free Stock Analysis Report
Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
Amgen Inc. (AMGN) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Amphastar Pharmaceuticals, Inc. (AMPH) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report
MSCI Inc (MSCI) : Free Stock Analysis Report
Curtiss-Wright Corporation (CW) : Free Stock Analysis Report
James Hardie Industries PLC. (JHX) : Free Stock Analysis Report
ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports
Celsius Holdings Inc. (CELH) : 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 Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance. Two of the three most widely followed indexes closed last week in the red.
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Image Source: Zacks Investment Research Zacks Recommendation Upgrade Drives Amphastar Pharmaceuticals and James Hardie Higher Shares of Amphastar Pharmaceuticals, Inc. AMPH and James Hardie Industries plc JHX have advanced 23.9% (versus the S&P 500’s 6.2% rise) and 20.9% (versus the S&P 500’s 7.5% rise) since their Zacks Recommendation was upgraded to Outperform on May 30 and May 18, respectively. Click to get this free report Paychex, Inc. (PAYX) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Amgen Inc. (AMGN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Amphastar Pharmaceuticals, Inc. (AMPH) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report MSCI Inc (MSCI) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report James Hardie Industries PLC. (JHX) : Free Stock Analysis Report ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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You can see the complete list of today’s Zacks Rank #1 stocks here >>> A hypothetical portfolio of Zacks Rank #1 stocks has returned +10.8% this year (through July 3) versus +16.1% for the S&P 500 Index and +7.7% for the equal-weight S&P 500 Index. To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Stocks Adobe, Deere & Company Shoot Up Shares of Adobe Inc. ADBE, which belongs to the Zacks Focus List, have gained 37% over the past 12 weeks. Click to get this free report Paychex, Inc. (PAYX) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Amgen Inc. (AMGN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Amphastar Pharmaceuticals, Inc. (AMPH) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report MSCI Inc (MSCI) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report James Hardie Industries PLC.
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You can see the complete list of today’s Zacks Rank #1 stocks here >>> A hypothetical portfolio of Zacks Rank #1 stocks has returned +10.8% this year (through July 3) versus +16.1% for the S&P 500 Index and +7.7% for the equal-weight S&P 500 Index. ECDP has returned +0.18% in 2023 (through June 30) versus +16.90% for the S&P 500 Index. Two of the three most widely followed indexes closed last week in the red.
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2023-08-14 00:00:00 UTC
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What's in the Offing for Nordson (NDSN) in Q3 Earnings?
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https://www.nasdaq.com/articles/whats-in-the-offing-for-nordson-ndsn-in-q3-earnings
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Nordson Corporation NDSN is slated to release third-quarter fiscal 2023 (ended Jul 31, 2023) results on Aug 21, after market close.
The Zacks Consensus Estimate for fiscal third-quarter earnings has been revised downward by a penny in the past 60 days. The company has trumped the Zacks Consensus Estimate for earnings in three of the preceding four quarters, while missing in one. The average beat was 3.1%.
Let’s see how things have shaped up for Nordson this earnings season.
Nordson Corporation Price and EPS Surprise
Nordson Corporation price-eps-surprise | Nordson Corporation Quote
Factors to Note
Strong customer demand in industrial, consumer non-durable and medical interventional end markets is expected to have aided Nordson’s fiscal third-quarter performance. The Industrial Precision Solutions segment is expected to have benefited from steady demand in industrial, consumer non-durable and polymer processing product lines. Contributions from the June 2023 acquisition of ARAG Group are expected to have boosted the segment’s performance. The acquisition has expanded NDSN’s core capabilities in precision dispense technology.
However, a decrease in electronics dispense and CyberOptics product lines due to softness in the electronics end market is likely to have hampered the Advanced Technology Solutions segment’s performance. The November 2022 acquisition of CyberOptics Corporation, which expanded NDSN’s semiconductor test and inspection capabilities, is expected to have partly offset the adversity.
Weakness in the medical fluid components product lines is expected to have weighed on the Medical and Fluid Solutions segment’s revenues in the to-be-reported quarter. Cost inflation is likely to have hurt Nordson’s margins in the to-be-reported quarter.
Given NDSN’s international exposure, foreign currency headwinds are expected to have dented the company’s top-line performance.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Nordson this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But this is not the case here, as you will see below.
Earnings ESP: Nordson has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $2.31. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Nordson currently carries a Zacks Rank #2.
Highlights of Q2 Earnings
Nordson’s second-quarter fiscal 2023 (ended Apr 30, 2023) adjusted earnings of $2.26 per share beat the Zacks Consensus Estimate of $2.10. The bottom line decreased 7% from $2.43 per share in the year-ago fiscal quarter. Total revenues of $650.2 million increased 2.3% year over year and beat the Zacks Consensus Estimate of $638 million.
Stocks to Consider
Here are some companies that you may want to consider, as according to our model, these have the right combination of elements to beat on earnings this reporting cycle.
Deere & Company DE has an Earnings ESP of +2.03% and a Zacks Rank #3. DE is slated to release third-quarter fiscal 2023 financial numbers on Aug 18. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Deere’s fiscal third-quarter earnings has been revised downward by 0.4% in the past 60 days. However, the company has trumped the Zacks Consensus Estimate for earnings in three of the preceding four quarters, while missing in one. The average beat was 7.2%.
Bank Of Montreal BMO has an Earnings ESP of +1.91% and a Zacks Rank #3. The company is slated to release third-quarter fiscal 2023 results on Aug 29.
Bank Of Montreal’s earnings have surpassed the Zacks Consensus Estimate in only two of the preceding four quarters, while missing in the other two. However, the Zacks Consensus Estimate for the company’s fiscal third-quarter earnings has been revised upward by a penny in the past 60 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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 +24.3% 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
Bank Of Montreal (BMO) : Free Stock Analysis Report
Nordson Corporation (NDSN) : 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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Nordson Corporation NDSN is slated to release third-quarter fiscal 2023 (ended Jul 31, 2023) results on Aug 21, after market close. The November 2022 acquisition of CyberOptics Corporation, which expanded NDSN’s semiconductor test and inspection capabilities, is expected to have partly offset the adversity. Nordson Corporation Price and EPS Surprise Nordson Corporation price-eps-surprise | Nordson Corporation Quote Factors to Note Strong customer demand in industrial, consumer non-durable and medical interventional end markets is expected to have aided Nordson’s fiscal third-quarter performance.
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Nordson Corporation NDSN is slated to release third-quarter fiscal 2023 (ended Jul 31, 2023) results on Aug 21, after market close. Nordson Corporation Price and EPS Surprise Nordson Corporation price-eps-surprise | Nordson Corporation Quote Factors to Note Strong customer demand in industrial, consumer non-durable and medical interventional end markets is expected to have aided Nordson’s fiscal third-quarter performance. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Bank Of Montreal (BMO) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Nordson Corporation Price and EPS Surprise Nordson Corporation price-eps-surprise | Nordson Corporation Quote Factors to Note Strong customer demand in industrial, consumer non-durable and medical interventional end markets is expected to have aided Nordson’s fiscal third-quarter performance. Highlights of Q2 Earnings Nordson’s second-quarter fiscal 2023 (ended Apr 30, 2023) adjusted earnings of $2.26 per share beat the Zacks Consensus Estimate of $2.10. Nordson Corporation NDSN is slated to release third-quarter fiscal 2023 (ended Jul 31, 2023) results on Aug 21, after market close.
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Highlights of Q2 Earnings Nordson’s second-quarter fiscal 2023 (ended Apr 30, 2023) adjusted earnings of $2.26 per share beat the Zacks Consensus Estimate of $2.10. Deere & Company DE has an Earnings ESP of +2.03% and a Zacks Rank #3. Nordson Corporation NDSN is slated to release third-quarter fiscal 2023 (ended Jul 31, 2023) results on Aug 21, after market close.
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0b4739aa-bf9e-4877-b184-5e97adfca647
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720386.0
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2023-08-14 00:00:00 UTC
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Option Volatility and Earnings Report for August 14 - 18
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DE
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https://www.nasdaq.com/articles/option-volatility-and-earnings-report-for-august-14-18
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nan
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nan
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Earnings season is starting to slow down, but we still have a few big names reporting including Walmart (WMT), Deere (DE) and Home Depot (HD).
Before a company reports earnings, implied volatility is usually high because the market is unsure about the outcome of the report. Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options.
After the earnings announcement, implied volatility usually drops back down to normal levels.
Let’s take a look at the expected range for these stocks. To calculate the expected range, look up the option chain and add together the price of the at-the-money put option and the at-the-money call option. Use the first expiry date after the earnings date. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate.
Monday
SU – 4.2%
Tuesday
HD – 3.9%
NU – 9.2%
ONON – 12.8%
SE – 15.3%
Wednesday
CSCO – 4.7%
JD – 7.7%
TGT – 7.7%
TJX – 4.1%
Thursday
AMAT – 5.6%
BILL – 15.0%
WMT – 3.7%
Friday
DE – 4.6%
EL – 7.2%
PANW – 9.9%
Option traders can use these expected moves to structure trades. Bearish traders can look at selling bear call spreads outside the expected range.
Bullish traders can sell bull put spreads outside the expected range, or look at naked puts for those with a higher risk tolerance.
Neutral traders can look at iron condors. When trading iron condors over earnings, it is best to keep the short strikes outside the expected range.
When trading options over earnings, it is best to stick to risk defined strategies and keep position size small. If the stock makes a larger than expected move and the trade suffers a full loss, it should not have more than a 1-3% effect on your portfolio.
Stocks With High Implied Volatility
We can use Barchart’s Stock Screener to find other stocks with high implied volatility.
Let’s run thestock screenerwith the following filters:
Total call volume: Greater than 2,000Market Cap: Greater than 40 billionIV Percentile: Greater than 70%
This screener produces the following results sorted by IV Percentile.
You can refer to this article for details of how to find option trades for this earnings season.
Last Week’s Earnings Moves
Last week’s actual versus expected moves are shown below:
PLTR -5.3% vs 15.5% expected
KKR +2.7% vs 4.4% expected
LCID -12.2% vs 14.2% expected
UPS -0.9% vs 5.6% expected
LLY +14.9% vs 5.2% expected
DDOG -17.2% vs 9.7% expected
UPST -34.2% vs 23.9% expected
RIVN -9.9% vs 13.3% expected
TWLO +2.2% vs 13.0% expected
MARA -1.3% vs 10.2% expected
RBLX -21.9% vs 13.9% expected
DIS +4.9% vs 6.1% expected
PLUG -15.8% vs 11.9% expected
TTD -4.7% vs 10.9% expected
PENN +9.1% vs 10.8% expected
BABA +4.6% vs 6.5% expected
Overall, there were 11 out of 16 that stayed within the expected range.
Changes In Open Interest
JNJ, F, AMZN, DIS, SOFI and AMC saw some of the largest changes in open interest last week.
Other stocks with large changes in open interest are shown below:
Please remember that options are risky, and investors can lose 100% of their investment. This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions.
More Stock Market News from Barchart
Cracking the Currency Code: Analyzing Seasonal Patterns and the Future of the British Pound Stocks Weighed Down by Stronger U.S. PPI and Higher Bond Yields Is This "Overlooked" EV Stock Still a Buy After Nearly Doubling in 2023? How to Play the Pullback in Microsoft Stock
On the date of publication, Gavin McMaster 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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Earnings season is starting to slow down, but we still have a few big names reporting including Walmart (WMT), Deere (DE) and Home Depot (HD). Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate.
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Earnings season is starting to slow down, but we still have a few big names reporting including Walmart (WMT), Deere (DE) and Home Depot (HD). Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate.
|
Earnings season is starting to slow down, but we still have a few big names reporting including Walmart (WMT), Deere (DE) and Home Depot (HD). Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate.
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Option traders can use these expected moves to structure trades. You can refer to this article for details of how to find option trades for this earnings season. Earnings season is starting to slow down, but we still have a few big names reporting including Walmart (WMT), Deere (DE) and Home Depot (HD).
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87658ea1-d497-466c-b47b-7bcce5c302b3
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720387.0
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2023-08-13 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-31
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
Financial Planning Podcast
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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The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Financial Planning Podcast 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.
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Of the 22 guru strategies we follow, DE rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Financial Planning Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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ae3b1776-1b80-40be-b87a-7cc12f37910a
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720388.0
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2023-08-13 00:00:00 UTC
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Retail Data, FOMC and Other Can't Miss Items this Week
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DE
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https://www.nasdaq.com/articles/retail-data-fomc-and-other-cant-miss-items-this-week
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nan
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nan
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Last week was a great week to trade in the markets. The “Earnings Beat but Guidance Lower” trend continued, and it continued to produce some buyable dips on a few stocks. Additionally, the mixed inflation data last week caused some whipping movements with the S&P 500 ($SPX) (SPY) finishing just about even on the week.
In addition, it appears WeWork (once a darling IPO) is heading for bankruptcy, and it will be interesting to see how the markets digest that event if it happens. Several banks also received credit downgrades last week as consumer debt has reached an all-time high. Still, the market was fairly resilient given the headlines of the week. Heading into this week we have several news events to keep an eye on as well as some more earnings to listen to. Here are 5 things to watch this week.
Earnings
Still in the market cycle are company earnings. A few potential names of interest this week are Home Depot (HD) on Tuesday before the market opens, TJX Companies (TJX) on Wednesday before the open as well, Walmart (WMT) on Thursday, and Deere (DE) on Friday. These companies could be of particular interest because they are all pretty vital components of the economy. Given the themes so far, an earnings beat is possible but watching how they issue guidance will be critical. Home Depot, Walmart, and TJX could be the most telling since they have a direct connection with both consumers and construction. If their guidance is weak it's possible we are not completely out of the woods yet on the recovery we have been seeing in recent months in economic news.
Retail Sales
Continuing on with the guidance theme from the earnings section is Retail Sales which is out Tuesday at 8:30 am. Both Core and Retail are estimated to be an increase from last month's release which would show more spending in the retail sector. This is usually a strong sign of economic health and could be interpreted as a positive sign by the markets. If there is a miss though, the markets could continue the “sell the rip” paradigm from last week. As an additional point, this measures the dollar value of the sales, not the quantity sold.
Empire State Manufacturing
Due out at the same time as retail sales is the Empire State manufacturing index. The last two months have shown improving conditions in manufacturing activity so if this trend continues it is possible the market reacts accordingly to the good news. If however there is a big miss again like there was in May is possible we see continued selling pressure on the markets.
FOMC Meeting Minutes
This will have nothing new in terms of rate information in it, but it will provide a lot of insight into why the Fed chose to vote the way they did for the last rate hike. This is often scoured for clues about how the Fed is feeling about the current state of affairs and if more potential rate hikes are due. This event usually produces some volatility in the general market around the time of the actual event, but these are often great for options trading as they move the IV around on several contracts.
Unemployment Claims
Finally, we have unemployment claims due out Friday morning at 8:30 am Eastern. This release can produce some volatility but could be more helpful to watch for trends in employment. We have been trending higher over the past several weeks at a time of year when seasonal employment usually helps keep the number low. Watching how both the market and bonds react to this could be telling about what the market thinks if the current trend continues. Of course, if there is a miss, and claims return to coming in lower than expected the market could see this as a catalyst for a rally to close out the week.
Best of luck this week and don’t forget to check out my daily options article.
More Stock Market News from Barchart
Cracking the Currency Code: Analyzing Seasonal Patterns and the Future of the British Pound Stocks Weighed Down by Stronger U.S. PPI and Higher Bond Yields Is This "Overlooked" EV Stock Still a Buy After Nearly Doubling in 2023? How to Play the Pullback in Microsoft Stock
On the date of publication, Gavin McMaster 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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Last week was a great week to trade in the markets. Several banks also received credit downgrades last week as consumer debt has reached an all-time high. A few potential names of interest this week are Home Depot (HD) on Tuesday before the market opens, TJX Companies (TJX) on Wednesday before the open as well, Walmart (WMT) on Thursday, and Deere (DE) on Friday.
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A few potential names of interest this week are Home Depot (HD) on Tuesday before the market opens, TJX Companies (TJX) on Wednesday before the open as well, Walmart (WMT) on Thursday, and Deere (DE) on Friday. Last week was a great week to trade in the markets. Several banks also received credit downgrades last week as consumer debt has reached an all-time high.
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Last week was a great week to trade in the markets. A few potential names of interest this week are Home Depot (HD) on Tuesday before the market opens, TJX Companies (TJX) on Wednesday before the open as well, Walmart (WMT) on Thursday, and Deere (DE) on Friday. Several banks also received credit downgrades last week as consumer debt has reached an all-time high.
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Last week was a great week to trade in the markets. Several banks also received credit downgrades last week as consumer debt has reached an all-time high. A few potential names of interest this week are Home Depot (HD) on Tuesday before the market opens, TJX Companies (TJX) on Wednesday before the open as well, Walmart (WMT) on Thursday, and Deere (DE) on Friday.
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0bc31b65-ebcd-462c-83aa-fa1025da4eab
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720389.0
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2023-08-11 00:00:00 UTC
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Deere (DE) to Report Q3 Earnings: What's in the Offing?
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DE
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https://www.nasdaq.com/articles/deere-de-to-report-q3-earnings%3A-whats-in-the-offing-0
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nan
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nan
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Deere & Company DE is scheduled to report third-quarter fiscal 2023 results on Aug 18, before the opening bell.
Which Way Are Estimates Trending?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $8.12 for the fiscal third quarter, suggesting growth of 31.8% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $14.2 billion, calling for a year-over-year increase of 9.3%.
Q2 Results
Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the second 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 7.2%.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
What Does Our Model Indicate?
Our proven model conclusively predicts an earnings beat for Deere for third-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.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Deere is +2.03%.
Zacks Rank: Deere currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors to Consider
Although agricultural commodity prices have been volatile through the May-July quarter, they were above historical averages favorable for farmers. 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 get reflected on its fiscal third-quarter revenues.
Also, 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 14.8% year over year, and selling, administrative and general expenses to be up 23.4% 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 in the quarter.
Segmental Projections
Our model predicts the Production & Precision Agriculture segment’s revenues to be $6,713 million for the fiscal third quarter, suggesting a year-over-year increase of 10.1%. Sales are likely to have been aided by higher shipment volumes and price realization. We expect the segment’s operating profit to be $1,461 million, indicating a 13% rise 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 $3,671 million for the fiscal third quarter, indicating 1% growth from the prior-year quarter. The segment’s operating profit is estimated at $399 million, suggesting 27.8% year-over-year growth. The segment’s performance is expected to have been driven by price realization and improved shipment volumes, partially offset by elevated production costs, higher R&D and SA&G expenses, and the unfavorable effects of foreign exchange.
The Construction & Forestry segment’s sales are estimated at $3,613 million for the fiscal third quarter, up 10.5% from the prior-year quarter’s reported number on strong demand. We predict the segment’s operating profit to rise 10.6% from the prior-year quarter’s reported figure to $569 million.
Our estimate for the Financial Services segment’s revenues is pegged at $1,187 million for the fiscal third quarter, up 31.5% from the year-ago quarter. Our projection for the segment’s operating profit is pinned at $259 million, whereas it reported $287 million in the prior-year quarter.
Price Performance
Deere’s shares have gained 20.3% in the past year compared with the industry’s growth of 18.1%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Here are some other stocks, which you might consider, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases.
America's Car-Mart, Inc. CRMT is scheduled to release its first-quarter fiscal 2024 results on Sep 5. It has an Earnings ESP of +17.75% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for fiscal first-quarter earnings is pegged at 98 cents per share, suggesting a decline of 51% from the prior-year quarter’s reported figure.
Embraer S.A. ERJ is set to report second-quarter 2023 results on Aug 14. ERJ has an Earnings ESP of +25% and a Zacks Rank #3 at present. The Zacks Consensus Estimate is pegged at earnings of 12 cents per share, suggesting a decrease of 42.3% from the prior-year period’s reported figure.
Cardinal Health, Inc. CAH is set to report its fourth-quarter fiscal 2023 results on Aug 15. It has an Earnings ESP of +0.10% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for CAH’s earnings is pegged at $1.48 per share, suggesting an increase of 40.9% from the prior-year period’s reported figure.
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
Embraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
America's Car-Mart, Inc. (CRMT) : 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 $8.12 for the fiscal third quarter, suggesting growth of 31.8% from the year-ago reported figure. The Zacks Consensus Estimate for fiscal first-quarter earnings is pegged at 98 cents per share, suggesting a decline of 51% from the prior-year quarter’s reported figure. Deere & Company DE is scheduled to report third-quarter fiscal 2023 results on Aug 18, before the opening bell.
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Also, 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. Segmental Projections Our model predicts the Production & Precision Agriculture segment’s revenues to be $6,713 million for the fiscal third quarter, suggesting a year-over-year increase of 10.1%. Click to get this free report Embraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report America's Car-Mart, Inc. (CRMT) : 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 $8.12 for the fiscal third quarter, suggesting growth of 31.8% from the year-ago reported figure. The Zacks Consensus Estimate for fiscal first-quarter earnings is pegged at 98 cents per share, suggesting a decline of 51% from the prior-year quarter’s reported figure. Click to get this free report Embraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report America's Car-Mart, Inc. (CRMT) : 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 $8.12 for the fiscal third quarter, suggesting growth of 31.8% from the year-ago reported figure. Q2 Results Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the second quarter of fiscal 2023. Deere & Company DE is scheduled to report third-quarter fiscal 2023 results on Aug 18, before the opening bell.
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e8f95e07-f33a-45d9-9cf6-5c5b7cdd107f
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720390.0
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2023-08-11 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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DE
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https://www.nasdaq.com/articles/deere-de-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-release
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nan
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nan
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The market expects Deere (DE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 18. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This agricultural equipment manufacturer is expected to post quarterly earnings of $8.12 per share in its upcoming report, which represents a year-over-year change of +31.8%.
Revenues are expected to be $14.22 billion, up 9.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.18% higher 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 higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.03%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Deere will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. 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 $8.57 per share when it actually produced earnings of $9.65, delivering a surprise of +12.60%.
Over the last four quarters, the company has beaten consensus EPS estimates three 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 appears 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.
Zacks Names "Single Best Pick to Double"
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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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This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. The market expects Deere (DE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2023.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The market expects Deere (DE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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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 higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. The market expects Deere (DE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2023.
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So, this combination indicates that Deere will most likely beat the consensus EPS estimate. For the last reported quarter, it was expected that Deere would post earnings of $8.57 per share when it actually produced earnings of $9.65, delivering a surprise of +12.60%. The market expects Deere (DE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2023.
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588ef723-ec04-4536-976e-d2790e9bcb6f
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720391.0
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2023-08-11 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-11
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DEERE & COMPANY (DE). This momentum model looks for a combination of fundamental momentum and price momentum.
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8e5c5d40-6f04-436d-a953-5b0fbc01e8b6
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720392.0
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2023-08-11 00:00:00 UTC
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These 2 Industrial Products Stocks Could Beat Earnings: Why They Should Be on Your Radar
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DE
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https://www.nasdaq.com/articles/these-2-industrial-products-stocks-could-beat-earnings%3A-why-they-should-be-on-your-radar-1
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nan
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nan
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
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 is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% 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?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Deere (DE) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $8.29 a share, just seven days from its upcoming earnings release on August 18, 2023.
By taking the percentage difference between the $8.29 Most Accurate Estimate and the $8.12 Zacks Consensus Estimate, Deere has an Earnings ESP of +2.03%. Investors should also know that DE is one of a large group 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 Ingersoll Rand (IR).
Ingersoll Rand, which is readying to report earnings on November 1, 2023, sits at a Zacks Rank #1 (Strong Buy) right now. It's Most Accurate Estimate is currently $0.70 a share, and IR is 82 days out from its next earnings report.
Ingersoll Rand's Earnings ESP figure currently stands at +0.76% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.70.
DE and IR'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 >>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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.
Download your free report now to see them.
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
Ingersoll Rand Inc. (IR) : 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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Two factors often determine stock prices in the long run: earnings and interest rates. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. The Zacks Earnings ESP, Explained The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report.
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By taking the percentage difference between the $8.29 Most Accurate Estimate and the $8.12 Zacks Consensus Estimate, Deere has an Earnings ESP of +2.03%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Two factors often determine stock prices in the long run: earnings and interest rates.
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The Zacks Earnings ESP, Explained The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Two factors often determine stock prices in the long run: earnings and interest rates.
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Deere (DE) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $8.29 a share, just seven days from its upcoming earnings release on August 18, 2023. Two factors often determine stock prices in the long run: earnings and interest rates. 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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be376378-8348-42c5-bff9-2263bbbef449
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720393.0
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2023-08-11 00:00:00 UTC
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Sociedad Quimica (SQM) to Post Q2 Earnings: What's in the Offing?
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DE
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https://www.nasdaq.com/articles/sociedad-quimica-sqm-to-post-q2-earnings%3A-whats-in-the-offing-0
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nan
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Sociedad Quimica y Minera de Chile S.A. SQM is slated to release second-quarter 2023 results on Aug 16.
The company beat the Zacks Consensus Estimate for earnings in two of the last four quarters while missed twice. It has a trailing four-quarter earnings surprise of around -0.9%, on average. It posted a negative earnings surprise of roughly 15.7% in the last reported quarter.
The company’s second-quarter results are likely to have benefited from improved lithium demand and higher prices. Iodine volumes and prices are also expected to have remained strong in the quarter. However, the weakness in the Specialty Plant Nutrients segment is expected to have continued in the second quarter.
Shares of Sociedad Quimica have lost 36.7% in the past year compared with 29.7% decline of the industry.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for second-quarter sales for Sociedad Quimica is currently pegged at $2,240 million, which suggests a decline of around 13.8% year over year.
Some Factors to Watch For
The company is likely to have gained from higher prices and increased volumes in the June quarter. Higher sales volumes in lithium and iodine businesses are expected to have aided its performance in the quarter.
Sociedad Quimica is seeing favorable trends in the lithium market underpinned by strong electric vehicle sales. The company is expected to have witnessed a recovery in lithium demand in the second quarter after a weak first quarter, which was impacted by softer demand in China. This is likely to have supported lithium sales volumes in the quarter to be reported. Improved demand is also likely to have supported lithium prices in the quarter.
Iodine volumes are also expected to have been supported by growing demand. The company is expected to have gained from higher demand in the iodine market in the second quarter. SQM is also likely to have witnessed some volume recovery in the potassium business.
However, the sustained pressure on sales volumes in the Specialty Plant Nutrients segment is expected to have continued in the second quarter on weak global potassium nitrate demand.
Sociedad Quimica y Minera S.A. Price and EPS Surprise
Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. 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. But that’s not the case here.
Earnings ESP: Earnings ESP for Sociedad Quimica is -12.02%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at $2.62. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Sociedad Quimica currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE, scheduled to release earnings on Aug 18, has an Earnings ESP of +2.03% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks Rank #1 stocks here.
The consensus estimate for DE’s earnings for the fiscal third quarter is currently pegged at $8.12.
America's Car-Mart, Inc. CRMT, slated to release earnings on Sep 5, has an Earnings ESP of +17.75% and carries a Zacks Rank #3 at present.
The consensus mark for CRMT’s fiscal first-quarter earnings is currently pegged at 98 cents.
Dollar Tree, Inc. DLTR, scheduled to release earnings on Aug 24, has an Earnings ESP of +4.20%.
The Zacks Consensus Estimate for Dollar Tree's earnings for the second quarter is currently pegged at 87 cents. DLTR currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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.
Download your free report now to see them.
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
Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
America's Car-Mart, Inc. (CRMT) : 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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Sociedad Quimica y Minera de Chile S.A. SQM is slated to release second-quarter 2023 results on Aug 16. However, the sustained pressure on sales volumes in the Specialty Plant Nutrients segment is expected to have continued in the second quarter on weak global potassium nitrate demand. The company’s second-quarter results are likely to have benefited from improved lithium demand and higher prices.
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Sociedad Quimica y Minera S.A. Price and EPS Surprise Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. Deere & Company DE, scheduled to release earnings on Aug 18, has an Earnings ESP of +2.03% and carries a Zacks Rank #3. Click to get this free report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report America's Car-Mart, Inc. (CRMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Sociedad Quimica y Minera S.A. Price and EPS Surprise Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. Deere & Company DE, scheduled to release earnings on Aug 18, has an Earnings ESP of +2.03% and carries a Zacks Rank #3. Click to get this free report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report America's Car-Mart, Inc. (CRMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company DE, scheduled to release earnings on Aug 18, has an Earnings ESP of +2.03% and carries a Zacks Rank #3. Sociedad Quimica y Minera de Chile S.A. SQM is slated to release second-quarter 2023 results on Aug 16. The company’s second-quarter results are likely to have benefited from improved lithium demand and higher prices.
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c865ce11-c90a-4466-8b99-256d80abaecb
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720394.0
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2023-08-10 00:00:00 UTC
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3 Upcoming Quarterly Releases Investors Can't Ignore
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DE
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https://www.nasdaq.com/articles/3-upcoming-quarterly-releases-investors-cant-ignore
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nan
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nan
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The Q2 earnings season is largely behind us, with over 90% of S&P 500 companies already revealing quarterly results.
Earnings season hasn’t been great, but not bad, given the prior fears of an impending earnings ‘meltdown.’
For the S&P 500 companies that have reported, total earnings are down -9.6% year-over-year on +0.4% higher revenues.
In addition, 78.8% have exceeded EPS estimates, and 65.0% have beat revenue expectations.
While the bulk of the Q2 cycle is behind us, many notable companies are still slated to report next week, including Home Depot HD, Target TGT, and Deere & Co. DE. But how do estimates stack up heading into the release?
Let’s take a closer look.
Target
Analysts have lowered their expectations for the upcoming release over the last several months, with the $1.49 Zacks Consensus EPS Estimate down more than 5%. Still, the company is expected to post significant growth, as the estimate reflects a positive 280% change from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate stands at $25.6 billion, modestly lower than the year-ago figure. The earnings bump and revenue decline likely reflect more effective cost controls. It’s worth noting that the quarterly estimate has been revised 1% lower since mid-May.
The company posted bottom line results well above expectations in its latest release, exceeding the Zacks Consensus EPS Estimate by nearly 20% but falling short of revenue expectations modestly. Shares have faced selling pressure in back-to-back releases, as shown below.
Image Source: Zacks Investment Research
Home Depot
Analysts have primarily kept their expectations for the quarter to be reported, with the $4.46 Zacks Consensus EPS Estimate unchanged over the last 60 days. The value reflects a 12% pullback in earnings from the year-ago quarter.
Home Depot is forecasted to bring in $42.2 billion per the Zacks Consensus Estimate, reflecting a modest pullback of 3.5% from the year-ago quarter. The quarterly estimate has been taken a fractional 0.4% lower since mid-May.
The company posted somewhat mixed results in its latest release, exceeding earnings expectations but marginally falling short of the consensus revenue estimate. Still, the market reacted highly positively to the print, causing HD shares to embark on a fresh uptrend post-earnings.
Image Source: Zacks Investment Research
Deere & Co.
Over the last several months, analysts have slightly lowered their expectations, with the $8.12 per share Zacks Consensus Estimate down 0.4% but reflecting year-over-year growth of more than 30%.
Image Source: Zacks Investment Research
The machinery titan’s revenue is forecasted to see a solid improvement as well, as the $14.2 billion quarterly estimate implies growth of nearly 10% year-over-year. In addition, the quarterly estimate has been revised 2% lower since mid-May.
Image Source: Zacks Investment Research
Deere posted notably strong results in its latest release, exceeding earnings and revenue expectations by 13% and 8%, respectively. Shares faced selling pressure post-earnings but have since recovered nicely, as we can see below.
Image Source: Zacks Investment Research
Bottom Line
Earnings season is slowly winding down, with most S&P 500 members already revealing quarterly results. The Q2 cycle has largely been better than feared, helping to keep sentiment in check.
Still, many notable companies have yet to report, including Deere & Co. DE, Home Depot HD, and Target TGT.
Home Depot reports on August 15th, Target on the 16th, and Deere on the 18th.
Target and Deere are forecasted to post solid earnings growth, whereas Home Depot’s earnings are forecasted to decline from the year-ago period. HD and DE currently sport a Zacks Rank #3 (Hold), whereas TGT carries a Zacks Rank #4 (Sell), indicating bearish revisions among analysts.
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 +24.3% 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
Target Corporation (TGT) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : 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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While the bulk of the Q2 cycle is behind us, many notable companies are still slated to report next week, including Home Depot HD, Target TGT, and Deere & Co. DE. Image Source: Zacks Investment Research Deere posted notably strong results in its latest release, exceeding earnings and revenue expectations by 13% and 8%, respectively. In addition, 78.8% have exceeded EPS estimates, and 65.0% have beat revenue expectations.
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The company posted bottom line results well above expectations in its latest release, exceeding the Zacks Consensus EPS Estimate by nearly 20% but falling short of revenue expectations modestly. Image Source: Zacks Investment Research Deere posted notably strong results in its latest release, exceeding earnings and revenue expectations by 13% and 8%, respectively. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Home Depot Analysts have primarily kept their expectations for the quarter to be reported, with the $4.46 Zacks Consensus EPS Estimate unchanged over the last 60 days. Image Source: Zacks Investment Research Deere & Co. Over the last several months, analysts have slightly lowered their expectations, with the $8.12 per share Zacks Consensus Estimate down 0.4% but reflecting year-over-year growth of more than 30%. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Home Depot Analysts have primarily kept their expectations for the quarter to be reported, with the $4.46 Zacks Consensus EPS Estimate unchanged over the last 60 days. Image Source: Zacks Investment Research Deere posted notably strong results in its latest release, exceeding earnings and revenue expectations by 13% and 8%, respectively. In addition, 78.8% have exceeded EPS estimates, and 65.0% have beat revenue expectations.
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60510cc3-bddb-4bfe-af76-ba8b99b299bf
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720395.0
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2023-08-10 00:00:00 UTC
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Why Deere (DE) is Poised to Beat Earnings Estimates Again
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DE
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https://www.nasdaq.com/articles/why-deere-de-is-poised-to-beat-earnings-estimates-again-0
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nan
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nan
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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 15.52%, on average, in the last two quarters.
For the last reported quarter, Deere came out with earnings of $9.65 per share versus the Zacks Consensus Estimate of $8.57 per share, representing a surprise of 12.60%. For the previous quarter, the company was expected to post earnings of $5.53 per share and it actually produced earnings of $6.55 per share, delivering a surprise of 18.44%.
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 +2.03%, 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 August 18, 2023.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground 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.
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Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
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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 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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For the last reported quarter, Deere came out with earnings of $9.65 per share versus the Zacks Consensus Estimate of $8.57 per share, representing a surprise of 12.60%. 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.
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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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3e16191f-66e1-4177-8219-469e8e00b758
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720396.0
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2023-08-09 00:00:00 UTC
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Deutsche Bank Maintains Deere (DE) Hold Recommendation
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DE
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https://www.nasdaq.com/articles/deutsche-bank-maintains-deere-de-hold-recommendation-1
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nan
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nan
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Fintel reports that on August 9, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation.
Analyst Price Forecast Suggests 6.07% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 6.07% from its latest reported closing price of 430.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 7.58%. The projected annual non-GAAP EPS is 28.90.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $430.46 / share, the stock's dividend yield is 1.16%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.48%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.78 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3238 funds or institutions reporting positions in Deere. This is an increase of 2 owner(s) or 0.06% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.52%, a decrease of 8.38%. Total shares owned by institutions decreased in the last three months by 4.01% to 230,137K shares.
The put/call ratio of DE is 1.32, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 13,065K shares representing 4.46% ownership of the company. In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. The firm decreased its portfolio allocation in DE by 12.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,232K shares representing 1.78% ownership of the company. In it's prior filing, the firm reported owning 5,658K shares, representing a decrease of 8.14%. The firm decreased its portfolio allocation in DE by 87.58% over the last quarter.
Bank Of America holds 5,055K shares representing 1.72% ownership of the company. In it's prior filing, the firm reported owning 4,301K shares, representing an increase of 14.92%. The firm decreased its portfolio allocation in DE by 73.97% over the last quarter.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Jen Hartmann
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE
DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L
DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L
This story originally appeared on Fintel.
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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Fintel reports that on August 9, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Additional reading: Jen Hartmann UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. Additional reading: Jen Hartmann UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Additional reading: Jen Hartmann UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A.
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At the current share price of $430.46 / share, the stock's dividend yield is 1.16%. Fintel reports that on August 9, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation. Analyst Price Forecast Suggests 6.07% Upside As of August 2, 2023, the average one-year price target for Deere is 456.59.
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283cd254-dc44-4d76-9bed-de7faf8ce2f2
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720397.0
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2023-08-09 00:00:00 UTC
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3 Cheap Manufacturing Stocks Pushing Past New Highs
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DE
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https://www.nasdaq.com/articles/3-cheap-manufacturing-stocks-pushing-past-new-highs
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nan
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nan
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As the United States economy begins to face its next central inflection point or, put, a potential pivot into a lower gear, some industries begin to receive differentiated treatment from the market as a whole. Investors today can start to gauge where the new momentum and favoritism are focused and where it may be headed next to enable some lucrative 'before the move happens' potential investments.
The manufacturing areas in the economy, namely the machinery manufacturing niche, are seeing the bulk of the little growth during these economically challenging periods. Investors can rest assured, though, as these household names have been kicking other competitors out to the curb, a trend that suggests no end in sight so far.
Why Invest in this Space?
By following specific economic breakdown reports, such as the ISM manufacturing PMI report, investors can better understand why particular industries are ripe for investment. Taking the report for the month of July, where the machinery industry is taking the spotlight, participants can start to dig their way into winning stocks.
Within July’s report, investors can see what respondents are saying about the industry’s health, where the overall message in the machinery sector is of potential rises in new orders boosting production as a result. Speaking of which, the machinery space reported the highest production output in the economy and the most considerable increase in employment.
All of this activity and new employment to support the rising production levels, all due to new business knocking on the door, will likely trickle down in the form of increased earnings and valuations for the largest players in the industry.
Caterpillar
Caterpillar (NYSE: CAT) is known as a global supplier of farming and construction machinery equipment, and this global presence has allowed for a swift market share grab by the name. As the company just reported a massively bullish second quarter of 2023, posting double-digit growth across the board and blowing past analysts' estimates, the stock is flirting with breaking through recent all-time highs.
Considering that the stock cleared an 81% increase in earnings per share over the past twelve months, and management remains optimistic about future demand trends, it is inappropriate for Caterpillar analyst ratings to land on a consensus 4% downside from today's prices.
The technical momentum is only the beginning for this stock, as management returned up to $2 billion to shareholders via stock buybacks and a dividend increase, suggesting that - despite recent stratospheric rallies - the stock may still be undervalued.
This time, markets agree with management's value proposition, as they reward the stock with richer valuation multiples relative to competitors. Carrying a 13.8x forward price-to-earnings ratio, which values the next twelve months of earnings rather than the past twelve, places Caterpillar stock amongst the top of the large-cap (stocks between $10 and $200 billion in size) category.
Deere & Company
While this stock has not had its quarterly release yet, as it is scheduled by mid-August, investors have a unique chance to consider getting in before Deere & Company (NYSE: DE) reports a highly probable earnings beat. There are many factors to consider before assuming a bullish report, though the trickle-down benefits coming from the sector are sure to leave some of the fun for good old Deere.
According to the latest financial results, Deere is also riding on the momentum wave that rewarded Caterpillar, reiterating that as the industry keeps pushing, these key players in the space will undoubtedly benefit from taking a piece of the growing pie.
Within the second quarter 2023 earnings presentation, investors will see a 30% advance in net sales over the year and a just as impressive 42% growth in earnings per share. Management also reported the repurchase of 11.6 million shares during the period, which will likely continue as financials move nowhere but up during an industry rebound.
While not as high and rich as Caterpillar's, Deere's forward P/E will still fall above the industry average at 13.3x, suggesting that markets are expecting nothing but growth and subsequent rallies in this name as well. Perhaps investors - as well as analysts - will be pleasantly surprised by the time the company reports its quarterly results coming up.
Eaton
The best for last? Market favorite? Absolutely. Eaton (NYSE: ETN) stock takes the crown when it comes to these market valuation multiples, as investors can see this company selling for a 22.7x forward P/E; there must be something special brewing in the company ready to send the stock flying any day now.
Like Caterpillar, Eaton analyst ratings are pushing for a consensus downside of 3.3% from today's prices. Still, they, too, may be in for a rude awakening as the company blew their second quarter 2023 results out of the water. The stock is quickly returning on a rampant advance, looking to test and possibly break its recent all-time high as well.
Investors received a pleasant surprise during the latest earnings release from the company, where revenues were reported to have grown at a 13% annual rate, delivering record quarterly segment margins of 21.6% due to strong pricing power dynamics in the industry. Earnings per share ended quarterly at $2.21 for an 18% annual advance.
To Add or not to Add
Investors now have the tools necessary to form a proper opinion on these three key players of a growing industry. As the PMI keeps delivering favorable trends around the machinery sector, benefits will surely trickle down to boost sentiment and financials for these resiliently bullish stocks.
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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Considering that the stock cleared an 81% increase in earnings per share over the past twelve months, and management remains optimistic about future demand trends, it is inappropriate for Caterpillar analyst ratings to land on a consensus 4% downside from today's prices. According to the latest financial results, Deere is also riding on the momentum wave that rewarded Caterpillar, reiterating that as the industry keeps pushing, these key players in the space will undoubtedly benefit from taking a piece of the growing pie. Investors received a pleasant surprise during the latest earnings release from the company, where revenues were reported to have grown at a 13% annual rate, delivering record quarterly segment margins of 21.6% due to strong pricing power dynamics in the industry.
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Like Caterpillar, Eaton analyst ratings are pushing for a consensus downside of 3.3% from today's prices. As the PMI keeps delivering favorable trends around the machinery sector, benefits will surely trickle down to boost sentiment and financials for these resiliently bullish stocks. Investors today can start to gauge where the new momentum and favoritism are focused and where it may be headed next to enable some lucrative 'before the move happens' potential investments.
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Deere & Company While this stock has not had its quarterly release yet, as it is scheduled by mid-August, investors have a unique chance to consider getting in before Deere & Company (NYSE: DE) reports a highly probable earnings beat. Investors received a pleasant surprise during the latest earnings release from the company, where revenues were reported to have grown at a 13% annual rate, delivering record quarterly segment margins of 21.6% due to strong pricing power dynamics in the industry. Investors today can start to gauge where the new momentum and favoritism are focused and where it may be headed next to enable some lucrative 'before the move happens' potential investments.
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Deere & Company While this stock has not had its quarterly release yet, as it is scheduled by mid-August, investors have a unique chance to consider getting in before Deere & Company (NYSE: DE) reports a highly probable earnings beat. Earnings per share ended quarterly at $2.21 for an 18% annual advance. Investors today can start to gauge where the new momentum and favoritism are focused and where it may be headed next to enable some lucrative 'before the move happens' potential investments.
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920d9366-41b0-432a-b63f-360dfcfa0383
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720398.0
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2023-08-09 00:00:00 UTC
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Unusual Call Option Trade in Deere (DE) Worth $975.10K
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DE
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https://www.nasdaq.com/articles/unusual-call-option-trade-in-deere-de-worth-%24975.10k
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nan
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nan
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On August 8, 2023 at 15:19:31 ET an unusually large $975.10K block of Call contracts in Deere (DE) was sold, with a strike price of $440.00 / share, expiring in 10 day(s) (on August 18, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.44 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in DE options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 3239 funds or institutions reporting positions in Deere. This is an increase of 13 owner(s) or 0.40% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.52%, a decrease of 5.80%. Total shares owned by institutions decreased in the last three months by 4.05% to 230,348K shares.
The put/call ratio of DE is 1.37, indicating a bearish outlook.
For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia.
Analyst Price Forecast Suggests 5.86% Upside
As of August 2, 2023, the average one-year price target for Deere is 456.59. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 5.86% from its latest reported closing price of 431.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 7.58%. The projected annual non-GAAP EPS is 28.90.
What are Other Shareholders Doing?
Jpmorgan Chase holds 13,065K shares representing 4.46% ownership of the company. In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. The firm decreased its portfolio allocation in DE by 12.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in DE by 11.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in DE by 11.25% over the last quarter.
Wellington Management Group Llp holds 5,232K shares representing 1.78% ownership of the company. In it's prior filing, the firm reported owning 5,658K shares, representing a decrease of 8.14%. The firm decreased its portfolio allocation in DE by 87.58% over the last quarter.
Bank Of America holds 5,055K shares representing 1.72% ownership of the company. In it's prior filing, the firm reported owning 4,301K shares, representing an increase of 14.92%. The firm decreased its portfolio allocation in DE by 73.97% over the last quarter.
Deere Declares $1.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of June 30, 2023 received the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $431.31 / share, the stock's dividend yield is 1.16%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.48%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.40 (n=236).
The current dividend yield is 0.79 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.64%, demonstrating that it has increased its dividend over time.
Deere Background Information
(This description is provided by the company.)
Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.
Additional reading:
Jen Hartmann
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE
DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L
DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L
This story originally appeared on Fintel.
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 payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Additional reading: Jen Hartmann UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A.
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VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.82% ownership of the company. Additional reading: Jen Hartmann UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A.
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Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Additional reading: Jen Hartmann UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A. CITIBANK, N.A., as Co-Syndication Agents J.P. MORGAN SECURITIES L DEERE & COMPANY JOHN DEERE CAPITAL CORPORATION JOHN DEERE BANK S.A. CREDIT AGREEMENT Dated as of March 27, 2023 JPMORGAN CHASE BANK, N.A., as Administrative Agent BANK OF AMERICA, N.A.
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VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.15% ownership of the company. At the current share price of $431.31 / share, the stock's dividend yield is 1.16%. On August 8, 2023 at 15:19:31 ET an unusually large $975.10K block of Call contracts in Deere (DE) was sold, with a strike price of $440.00 / share, expiring in 10 day(s) (on August 18, 2023).
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db0899b7-774b-4476-ad19-b3ae6b27a13b
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720399.0
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2023-08-09 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-4
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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 Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 94% 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.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
Excess Returns Investing Podcast
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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The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.
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Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast 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 Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for DEERE & COMPANY (DE). This momentum model looks for a combination of fundamental momentum and price momentum.
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bc84fc5a-47a1-4ccf-9d8d-e83b9068db9b
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