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2023-08-08 00:00:00 UTC
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7 Companies Leading the Way in Advanced AI and Robotics
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https://www.nasdaq.com/articles/7-companies-leading-the-way-in-advanced-ai-and-robotics
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Many attribute the recent stock surge to AI stock popularity. At the same time, it’s crucial to note that numerous companies are working silently beneath the radar. These companies are harnessing advanced AI and robotics to enhance operational efficiency. This quiet revolution is not limited to the technology sector but spans industries like manufacturing, logistics, healthcare, and retail.
These businesses are leveraging AI for many functions. Core areas include predictive maintenance, advanced sensors, patient care, and construction management. AI and robotics have helped them streamline processes, reduce operational costs, and improve their product or service quality.
These companies may not make headlines like high-profile AI stocks. Still, their innovative technology has a profound and often underrated impact on their bottom line and future growth potential. Their success signifies that the influence of AI and robotics on the market extends far beyond the spotlight of popular tech stocks.
Robotics Stock: Medtronic (MDT)
Source: JHVEPhoto / Shutterstock.com
In March, medical device manufacturer Medtronic (NYSE:MDT) promoted former Surgical Robotics president Mike Marinaro to Surgical Operating Unit vice president. The surprising move signaled Medtronic’s renewed emphasis on leveraging advanced robotics to better deliver surgical patient outcomes.
Critically, Medtronic also recently unveiled its robot-assisted surgery system, named Hugo. Hugo’s application requires surgeons to utilize an open console, which presents them with a detailed 3D view and facilitates precise manipulation of the robot’s arms and instruments. Proximie provides training for the device, enabling surgeons to watch live surgeries remotely and review past surgical recordings. This aids in honing the necessary proficiency to operate the system effectively. In 2022, the surgical robotics market held a value of $8.6 billion, and it’s projected to expand at a compound annual growth rate of 8%, reaching $15.8 billion by 2030.
AI Stock: Palantir (PLTR)
Source: Poetra.RH / Shutterstock.com
Last week, Wedbush analyst Dan Ives called Palantir (NYSE:PLTR) the “Messi of AI.” Ives is the Managing Director for the firm’s Technology Sector desk, so, if anyone is qualified to forecast an AI stock’s potential, it’s him.
In the interview, Ives told the anchor that Palantir had “…a golden path right now [to] monetize what we view as a potentially $1 trillion market opportunity, and investors still have not recognized what this golden use could be.” That’s a big deal, considering Palantir is already popular among AI investors.
Already, Palantir has made significant waves amid the ongoing Eastern European conflict, delivering AI-enabled targeting results to Ukraine. Critically, though, Palantir has been in the AI space for more than two decades. The company has been quietly securing government and corporate contracts before it burst on the scene in 2020.
This longevity means Palantir isn’t simply riding an AI wave – it’s a core part of a growing industry.
AI Stock: Trimble (TRMB)
Source: Tada Images / Shutterstock.com
Trimble (NASDAQ:TRMB) is using advanced robotics to change the way construction companies complete projects. In June, Trimble and partner Boston Dynamics used the mobile robot dog Spot (already popular online from a series of testing videos) on a major construction project. The robot dog, smaller and nimbler than its human counterparts, used Trimble-enabled laser scanning technology to help site managers conduct quality control and find structural weaknesses in the project.
At the same time, Trimble is using AI to transform agriculture and farming. The company’s AI-driven path-planning technology is a significant part of off-road autonomous vehicles in agriculture. Basically, this means Trimble’s AI software is already working in the field to steer harvesting, spraying, and even soil-rolling equipment. Trimble’s diverse applications across critical industries mean the firm is well-positioned to be a dominant player in robotics and advanced AI moving forward.
Robotics Stock: Caterpillar (CAT)
Source: Shutterstock
In 2020, Caterpillar (NYSE:CAT) acquired a major Californian robotics company, and that investment is bearing fruit today. Caterpillar is using robotics, developed in-house and through its previous acquisition, to change the construction industry further. Today, that market remains untapped as only 13% of contractors use the technologies, but more than 60% think they’ll be critical in the future.
Caterpillar’s robotics solutions aren’t restricted to typical construction projects, either. In March, one solar company unveiled a robot built on Caterpillar’s platform that fully automates digging and trenching operations for solar farm installation.
With Caterpillar’s industry dominance and ability to produce massive equipment at scale, they’re ready to pivot wholly into robotics as the field delivers safer construction sites and more effective development projects.
AI Stock: Deere & Company (DE)
Source: mark stephens photography / Shutterstock.com
Deere & Company (NYSE:DE) uses robotics to achieve global sustainability goals, making the stock perfect for an impact-focused portfolio. In January, the company unveiled its ExactShot technology. The equipment reduces fertilizer waste by more than 60%, saving farmers money and reducing ground pollution.
That isn’t the end, though. Through robotics and predictive AI application, Vice President Deanna Jovar predicts that “eventually, we will literally treat every plant on an acre of a field differently based on what we’re learning through our computer vision and machine-learning tech.”
Like Caterpillar, Deere & Company’s (known widely as John Deere) agriculture industry dominance and production scale position the company perfectly for a global robotics pivot in farming.
Robotics Stock: General Motors (GM)
Source: Katherine Welles / Shutterstock.com
General Motors (NYSE:GM) uses advanced robotics on its vehicle assembly lines – and has for years. However, its advancements in peripheral robotic applications bode well for the stock. In 2022 GM partnered with NASA to develop a humanoid robot to assist humans on the ground and in space. The partnership is a no-brainer. GM’s existing robotics tech is adapted to the delicate maneuvering required for car creation and space-based science projects.
GM benefits from the partnership, too, though. With NASA, GM is developing a series of sensor and control technology they can employ across their production facilities at scale. Vice President for Global Research and Development Alan Taub summed up the benefits to GM: “When it comes to future vehicles, the advancements in controls, sensors and vision technology can be used to develop advanced vehicle safety systems [and build] better, higher quality vehicles in a safer, more competitive manufacturing environment.”
GM’s been on a winning streak recently, partnering with Tesla (NASDAQ:TSLA) to expand electric vehicle charging networks. Ultimately, GM’s been at the forefront of many robotics revolutions, and the undervalued stock has a strong future based on its tech.
AI Stock: AeroVironment (AVAV)
Source: Pavel Kapysh / Shutterstock.com
AeroVironment (NASDAQ:AVAV) is an underappreciated defense sector company with substantial prospects in AI. This company primarily develops drone tools. AeroVironment is best known for its flagship Raven UAS, extensively used by the US military and international allies. However, their secondary products conceal a wealth of AI potential, a move made ahead of the recent boom in AI trends.
The company already sees a demand surge for UAS products in the Ukrainian conflict. Critically, AeroVironment secured a spot in the US Army’s Future Tactical Unmanned Aircraft Systems project. The project will see AeroVironment deliver four air-based vehicles alongside a suite of mission control tools. Enabled by AI, AeroVironment’s future UAS projects will be on the cutting edge of the defense industry.
Wall Street is already taking notice of AeroVironment’s AI potential. The stock saw its short interest drop in July. At the same time, major institutional players are buying up AeroVironment stock as fast as they can. Investment giant BlackRock (NYSE:BLK) owns 18% of the company, and, if there’s anything retail investors interested in AI should do, it’s follow the smart money. And the smart money is betting on AeroVironment.
On the date of publication, Jeremy Flint had a LONG position in GM. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work.
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The post 7 Companies Leading the Way in Advanced AI and Robotics appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With Caterpillar’s industry dominance and ability to produce massive equipment at scale, they’re ready to pivot wholly into robotics as the field delivers safer construction sites and more effective development projects. The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Companies Leading the Way in Advanced AI and Robotics appeared first on InvestorPlace. Core areas include predictive maintenance, advanced sensors, patient care, and construction management.
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Robotics Stock: Medtronic (MDT) Source: JHVEPhoto / Shutterstock.com In March, medical device manufacturer Medtronic (NYSE:MDT) promoted former Surgical Robotics president Mike Marinaro to Surgical Operating Unit vice president. Through robotics and predictive AI application, Vice President Deanna Jovar predicts that “eventually, we will literally treat every plant on an acre of a field differently based on what we’re learning through our computer vision and machine-learning tech.” Like Caterpillar, Deere & Company’s (known widely as John Deere) agriculture industry dominance and production scale position the company perfectly for a global robotics pivot in farming. Core areas include predictive maintenance, advanced sensors, patient care, and construction management.
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AI Stock: Deere & Company (DE) Source: mark stephens photography / Shutterstock.com Deere & Company (NYSE:DE) uses robotics to achieve global sustainability goals, making the stock perfect for an impact-focused portfolio. Through robotics and predictive AI application, Vice President Deanna Jovar predicts that “eventually, we will literally treat every plant on an acre of a field differently based on what we’re learning through our computer vision and machine-learning tech.” Like Caterpillar, Deere & Company’s (known widely as John Deere) agriculture industry dominance and production scale position the company perfectly for a global robotics pivot in farming. Core areas include predictive maintenance, advanced sensors, patient care, and construction management.
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Critically, though, Palantir has been in the AI space for more than two decades. Vice President for Global Research and Development Alan Taub summed up the benefits to GM: “When it comes to future vehicles, the advancements in controls, sensors and vision technology can be used to develop advanced vehicle safety systems [and build] better, higher quality vehicles in a safer, more competitive manufacturing environment.” GM’s been on a winning streak recently, partnering with Tesla (NASDAQ:TSLA) to expand electric vehicle charging networks. Core areas include predictive maintenance, advanced sensors, patient care, and construction management.
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75098eea-6d91-4b41-a1f1-b08716097611
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720401.0
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2023-08-08 00:00:00 UTC
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Zacks Industry Outlook Highlights Deere, AGCO and Alamo Group
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DE
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deere-agco-and-alamo-group
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nan
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nan
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For Immediate Release
Chicago, IL – August 8, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Alamo Group ALG.
Industry: Farm Equipment
Link: https://www.zacks.com/commentary/2133211/3-farm-equipment-stocks-to-watch-amid-industry-weakness
Low commodity prices, supply-chain issues and inflated costs are headwinds for the Zacks Manufacturing - Farm Equipment industry at present. However, the industry will get support from the demand for agricultural equipment necessary to meet the food requirements of a growing population. The industry’s focus on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Co., AGCO Corp. and Alamo Group are well-poised to gain from cost-control measures and their efforts to bring technologically advanced products to the market.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers.
Some of these companies produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. The industry players sell their equipment and related parts through independent retail dealer networks and retail outlets. This industry caters to the agriculture, golf and landscape markets.
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Low Commodity Prices, High Costs are Concerning: Corn and soybean prices have declined lately amid improving supply prospects from key producers. Given that these are the most important grains for cash crop farming, this may impact farmer’s income levels. Also, farmers have been witnessing higher production costs. In the wake of declining prices, farmers may rein in their spending.
The industry is also facing raw material cost inflation. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. Labor shortage might affect their production levels and impair their ability to meet demand. Consequently, the industry players are making every effort to bolster their financial condition, conserve cash and improve profitability. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins in the current scenario.
Growing Demand for Food to Sustain the Industry: The USDA (U.S. Department of Agriculture) projects net farm income at $136.9 billion for 2023, which is 15.9% lower than that reported in 2022. The decline is mainly due to elevated production expenses and lower direct government payments. Nevertheless, despite this decline, net farm income in 2023 will likely be 26.6% above the 20-year average (2002-2021) of $108.1 billion in inflation-adjusted dollars. This may impact the spending power of farmers.
The need to replace aging equipment will sustain the demand for the industry. Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. Demand for agricultural equipment will continue to be supported by increased global demand for food from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Initiatives to advance precision agriculture technology will be a game-changer for the industry players, given its productivity-enhancing and sustainability benefits.
Demand continues to grow for popular features, including automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Over the long term, the rising population and elevated global demand for food and efficient water use will fuel demand for the industry’s equipment.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #199, which places it in the bottom 21% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation.
Industry Versus S&P 500 & Sector
The Zacks Manufacturing - Farm Equipment industry has outperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 21.1% in the past 12 months against the S&P 500’s growth of 8.4%. The Industrial Products sector has gained 12.2% in the said time frame.
Industry's Current Valuation
On the basis of the forward 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 11.23X compared with the S&P 500’s 11.39X. The Industrial Products sector’s forward 12-month EV/EBITDA is 14.58X.
Over the last five years, the industry has traded as high as 24.75X and as low as 9.47X, with the median being at 13.89X.
3 Manufacturing - Farm Equipment Stocks to Keep an Eye On
Deere: The company will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues.
Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. Its cost-control actions have been supporting margins despite the persistent inflationary pressures, leading to its 23% share price gain over the past year.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 4% over the past 90 days and is pegged at $31.86. The estimate implies year-over-year growth of 37%. DE has a trailing four-quarter earnings surprise of 7.2%, on average. Deere has an estimated long-term earnings growth rate of 12.9% and currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AGCO: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO continues to invest in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company’s cost-control measures, have driven margin expansion across all regions over the past few quarters. Backed by these tailwinds, the stock has gained 21% in the past year.
The Zacks Consensus Estimate for the company’s fiscal 2023 earnings is pegged at $15.07 and suggests year-over-year growth of 21%. The consensus mark has moved up 5% over the past 90 days. AGCO has a trailing four-quarter earnings surprise of 16.4%, on average. The company has an estimated long-term earnings growth rate of 9.3%. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently carries a Zacks Rank #3.
Alamo: Customer demand has been strong in the company’s end markets, which resulted in ALG achieving the highest quarterly sales and earnings in its history in the second quarter of 2023. Enhanced supply chain performance boosted sales, while a moderation in material cost inflation, improved efficiencies, and the company’s efforts to lower spending, supported margin expansion.
The company’s Vegetation Management Division is benefiting from strong demand for agricultural, forestry, tree care, and governmental mowing products in North America and Europe. The Industrial Equipment segment is gaining from higher sales in all its product lines. A robust backlog bodes well for improved revenue performances in the forthcoming quarters. The company's shares have gained 37% in the past year.
The Zacks Consensus Estimate for the Seguin, TX-based company’s ongoing-year earnings has been revised 14% upward in 90 days’ time to $11.14 per share. The consensus mark projects a year over year growth of around 29%. ALG has a trailing four-quarter earnings surprise of 13%, on average. It currently carries a Zacks Rank #3.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Demand continues to grow for popular features, including automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Enhanced supply chain performance boosted sales, while a moderation in material cost inflation, improved efficiencies, and the company’s efforts to lower spending, supported margin expansion. The company’s Vegetation Management Division is benefiting from strong demand for agricultural, forestry, tree care, and governmental mowing products in North America and Europe.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – August 8, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Alamo Group ALG.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. For Immediate Release Chicago, IL – August 8, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Alamo Group ALG. However, the industry will get support from the demand for agricultural equipment necessary to meet the food requirements of a growing population.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. For Immediate Release Chicago, IL – August 8, 2023 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Alamo Group ALG. However, the industry will get support from the demand for agricultural equipment necessary to meet the food requirements of a growing population.
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0a8eedac-5184-43f0-b6b3-be989115235f
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720402.0
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2023-08-07 00:00:00 UTC
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3 Farm Equipment Stocks to Watch Amid Industry Weakness
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DE
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https://www.nasdaq.com/articles/3-farm-equipment-stocks-to-watch-amid-industry-weakness
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nan
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nan
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Low commodity prices, supply-chain issues and inflated costs are headwinds for the Zacks Manufacturing - Farm Equipment industry at present. However, the industry will get support from the demand for agricultural equipment necessary to meet the food requirements of a growing population. The industry’s focus on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Company DE, AGCO Corporation AGCO, and Alamo Group ALG are well-poised to gain from cost-control measures and their efforts to bring technologically advanced products to the market.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers. Some of these companies produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment, and garden tillers and snow throwers. Some participants manufacture irrigation equipment. The industry players sell their equipment and related parts through independent retail dealer networks and retail outlets. This industry caters to the agriculture, golf and landscape markets.
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Low Commodity Prices, High Costs are Concerning: Corn and soybean prices have declined lately amid improving supply prospects from key producers. Given that these are the most important grains for cash crop farming, this may impact farmer’s income levels. Also, farmers have been witnessing higher production costs. In the wake of declining prices, farmers may rein in their spending. The industry is also facing raw material cost inflation. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. Labor shortage might affect their production levels and impair their ability to meet demand. Consequently, the industry players are making every effort to bolster their financial condition, conserve cash and improve profitability. The companies have been implementing pricing and cost-reduction actions, which are likely to help sustain margins in the current scenario.
Growing Demand for Food to Sustain the Industry: The USDA (U.S. Department of Agriculture) projects net farm income at $136.9 billion for 2023, which is 15.9% lower than that reported in 2022. The decline is mainly due to elevated production expenses and lower direct government payments. Nevertheless, despite this decline, net farm income in 2023 will likely be 26.6% above the 20-year average (2002-2021) of $108.1 billion in inflation-adjusted dollars. This may impact the spending power of farmers. The need to replace aging equipment will sustain the demand for the industry. Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. Demand for agricultural equipment will continue to be supported by increased global demand for food from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Initiatives to advance precision agriculture technology will be a game-changer for the industry players, given its productivity-enhancing and sustainability benefits. Demand continues to grow for popular features, including automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Over the long term, the rising population and elevated global demand for food and efficient water use will fuel demand for the industry’s equipment.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #199, which places it in the bottom 21% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation.
Industry Versus S&P 500 & Sector
The Zacks Manufacturing - Farm Equipment industry has outperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 21.1% in the past 12 months against the S&P 500’s growth of 8.4%. The Industrial Products sector has gained 12.2% in the said time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 11.23X compared with the S&P 500’s 11.39X. The Industrial Products sector’s forward 12-month EV/EBITDA is 14.58X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Over the last five years, the industry has traded as high as 24.75X and as low as 9.47X, with the median being at 13.89X.
3 Manufacturing - Farm Equipment Stocks to Keep an Eye on
Deere: The company will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. Its cost-control actions have been supporting margins despite the persistent inflationary pressures, leading to its 23% share price gain over the past year.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 4% over the past 90 days and is pegged at $31.86. The estimate implies year-over-year growth of 37%. DE has a trailing four-quarter earnings surprise of 7.2%, on average. Deere has an estimated long-term earnings growth rate of 12.9% and currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: DE
AGCO: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO continues to invest in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company’s cost-control measures, have driven margin expansion across all regions over the past few quarters. Backed by these tailwinds, the stock has gained 21% in the past year.
The Zacks Consensus Estimate for the company’s fiscal 2023 earnings is pegged at $15.07 and suggests year-over-year growth of 21%. The consensus mark has moved up 5% over the past 90 days. AGCO has a trailing four-quarter earnings surprise of 16.4%, on average. The company has an estimated long-term earnings growth rate of 9.3%. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently carries a Zacks Rank #3.
Price & Consensus: AGCO
Alamo: Customer demand has been strong in the company’s end markets, which resulted in ALG achieving the highest quarterly sales and earnings in its history in the second quarter of 2023. Enhanced supply chain performance boosted sales, while a moderation in material cost inflation, improved efficiencies, and the company’s efforts to lower spending, supported margin expansion. The company’s Vegetation Management Division is benefiting from strong demand for agricultural, forestry, tree care, and governmental mowing products in North America and Europe. The Industrial Equipment segment is gaining from higher sales in all its product lines. A robust backlog bodes well for improved revenue performances in the forthcoming quarters. The company's shares have gained 37% in the past year.
The Zacks Consensus Estimate for the Seguin, TX-based company’s ongoing-year earnings has been revised 14% upward in 90 days’ time to $11.14 per share. The consensus mark projects a year over year growth of around 29%. ALG has a trailing four-quarter earnings surprise of 13%, on average. It currently carries a Zacks Rank #3.
Price & Consensus: ALG
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Demand continues to grow for popular features, including automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Enhanced supply chain performance boosted sales, while a moderation in material cost inflation, improved efficiencies, and the company’s efforts to lower spending, supported margin expansion. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood.
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Players like Deere & Company DE, AGCO Corporation AGCO, and Alamo Group ALG are well-poised to gain from cost-control measures and their efforts to bring technologically advanced products to the market. Zacks Industry Rank Indicates Bleak Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. However, the industry will get support from the demand for agricultural equipment necessary to meet the food requirements of a growing population. Players like Deere & Company DE, AGCO Corporation AGCO, and Alamo Group ALG are well-poised to gain from cost-control measures and their efforts to bring technologically advanced products to the market.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Price & Consensus: DE AGCO: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. However, the industry will get support from the demand for agricultural equipment necessary to meet the food requirements of a growing population.
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eb19fd0a-1d0c-4e6d-8f7e-0b3f2898d442
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720403.0
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2023-08-04 00:00:00 UTC
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What Investors May Want to Know About the Agriculture Industry
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DE
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https://www.nasdaq.com/articles/what-investors-may-want-to-know-about-the-agriculture-industry
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nan
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nan
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T
here is no doubt that the agriculture industry is a vital sector of the global economy, providing food, clothing and other essential products for people around the world. The industry has evolved significantly in recent years, with advancements in technology, increasing global demand due to population growth and urbanization and growing concerns about sustainability and environmental impact.
However, on grounds, industry risks are obvious and come in different shapes and forms: weather-related events, fluctuations in commodity prices and regulatory changes. On top of that, a lot of the farms are located in emerging markets, adding another layer of risk and uncertainties.
The high volatility on one hand and the huge potential of the industry on the other (coupled with unbearable heat outside) we decided to take a closer look on agriculture equipment manufactures as a way to get exposure to the growth potential with lower volatility.
Secular growth for agriculture products driven by three main factors - population growth, urbanization and rising income for emerging economies.
Image above taken from the Bridgewise Platform. This information may not be up-to-date.
Agriculture Industry: Key Trends to Monitor
Population growth: The world's population is expected to grow to 9.7 billion by 2050, and this means an increasing demand for food and other agricultural products.
Urbanization: This trend is expected to continue, lead by developing counties in Asia and Africa. According to the United Nations, the world's urban population is expected to grow from 4.5 billion in 2021 to 6.7 billion by 2050. Urbanization changes the way we consume food, shifting towards more processed food, requiring more resources to produce.
Innovation: The agriculture industry is continually evolving and adapting to new technologies and innovations. This includes precision farming techniques, genetic modification, and advanced machinery, all of which have the potential to improve crop yields and awareness of the environmental impact of agriculture.
Company in Focus: John Deere (DE)
John Deere is probably the strongest and most familiar brand in the agriculture equipment space. The company was founded in 1837 and has a market cap of $120 billion. The company is selling its products worldwide in 160 countries.
Taking a deep dive into John Deere’s fundamental analysis with BridgeWise reports reveals some interesting findings.
Though the final rating is a Hold, there are several areas of the business that scored very high. The Hold score is evenly distributed in the 3 main statements: Balance sheet, Cash Flow and income statement.
Main positive highlights include Free Cash Flow per share, Asset Turnover and main negative highlights include net capex and cash and cash equivalents.
Image above taken from the Bridgewise Platform. This information may not be up-to-date.
John Deere - Fundamental Score Highlights
In this challenging macro environment, we continue to seek quality businesses that generate growth and returns throughout the economic cycle.
In the case of John Deere this is the case considering strong income statement metrics – ROE of 41.7% and EBITDA growth of 15% in 2022 were a standout both on a relative basis and versus peers.
Free cash flow was also a standout, receiving a very high score of 93. We value cash flow generating business, especially in current times, when external liquidity conditions are tight.
The company, according the Bridgewise’s analysis, score poorly on CAPEX considering a 12% decline in 2022. The concern is that reduction in CAPEX will negatively impact future growth of the company.
Image above taken from the Bridgewise Platform. This information may not be up-to-date.
Equity Research
Customized peer list
John Deere is classified in the Industrials sector, Machinery industry. However, with Bridgewise we can create an accurate peer list – companies around the world that deal directly with Agriculture equipment.
Image above taken from the Bridgewise Platform. This information may not be up-to-date.
The customized peer list enables further research and analysis of the specific space or theme we wish to analyze and invest.
It is interesting to see an overall positive view of Bridgewise on the agriculture equipment space given the high number of Buy and Hold recommendations in this niche space.
Caterpillar, which also has a strong brand and similar market cap is also rated Hold, though its income statement score, an important metric for this segment, is significantly lower than John Deere's.
AGCO for example is rated high though is at a significantly lower market cap tranche and also has a significantly lower income statement score.
Bridgewise enables us to continue and explore peer fundamentals in depth, regardless of the geography they operate or the exchange they are listed.
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 industry has evolved significantly in recent years, with advancements in technology, increasing global demand due to population growth and urbanization and growing concerns about sustainability and environmental impact. John Deere - Fundamental Score Highlights In this challenging macro environment, we continue to seek quality businesses that generate growth and returns throughout the economic cycle. Caterpillar, which also has a strong brand and similar market cap is also rated Hold, though its income statement score, an important metric for this segment, is significantly lower than John Deere's.
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The industry has evolved significantly in recent years, with advancements in technology, increasing global demand due to population growth and urbanization and growing concerns about sustainability and environmental impact. Main positive highlights include Free Cash Flow per share, Asset Turnover and main negative highlights include net capex and cash and cash equivalents. Equity Research Customized peer list John Deere is classified in the Industrials sector, Machinery industry.
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Agriculture Industry: Key Trends to Monitor Population growth: The world's population is expected to grow to 9.7 billion by 2050, and this means an increasing demand for food and other agricultural products. Company in Focus: John Deere (DE) John Deere is probably the strongest and most familiar brand in the agriculture equipment space. Caterpillar, which also has a strong brand and similar market cap is also rated Hold, though its income statement score, an important metric for this segment, is significantly lower than John Deere's.
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The industry has evolved significantly in recent years, with advancements in technology, increasing global demand due to population growth and urbanization and growing concerns about sustainability and environmental impact. Agriculture Industry: Key Trends to Monitor Population growth: The world's population is expected to grow to 9.7 billion by 2050, and this means an increasing demand for food and other agricultural products. The high volatility on one hand and the huge potential of the industry on the other (coupled with unbearable heat outside) we decided to take a closer look on agriculture equipment manufactures as a way to get exposure to the growth potential with lower volatility.
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7e71aadc-eb0b-42c6-9990-b182b6a81b39
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720404.0
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2023-08-04 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-9
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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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26436fcb-d3e4-428f-9623-f8cb3f6ddded
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720405.0
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2023-08-04 00:00:00 UTC
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Is Caterpillar Stock A Buy At $290 After A Solid Q2 Beat?
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DE
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https://www.nasdaq.com/articles/is-caterpillar-stock-a-buy-at-%24290-after-a-solid-q2-beat
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nan
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Caterpillar stock (NYSE: CAT) was up 9% yesterday and 17% in a month, significantly outperforming the broader markets, with the S&P500 up 3%. The company posted upbeat Q2 results this week, and after its recent rise, we think it is now appropriately priced, as discussed below. We think investors will likely be better off waiting for a dip to enter CAT stock for better gains in the long run.
Caterpillar’s revenues were up 22% to $17.3 billion in Q2, compared to our forecast of $16.8 billion and the consensus estimate of $16.4 billion. This growth was driven by a 27% rise in energy & transportation sales, while resource industries sales were up 20% and construction industries up 19%. This can be attributed to better price realization and healthy demand trends. The dealer inventory levels also improved during the quarter.
The company’s adjusted operating margins improved by a solid 750 bps to 21.3%. Caterpillar saw a slight decline in operating margin from 14.6% in 2019, before the pandemic, to 12.6% in 2022. However, it should see this metric expand in 2023. Our Caterpillar Operating Income Comparison dashboard has more details. The Q2 earnings of $5.55 on a per share and adjusted basis were up a solid 75% from $3.18 in the prior-year quarter, and this compares with our estimate of $4.72 and the consensus estimate of $4.58. The rise in earnings can be attributed to higher sales and improved operating margins.
Although Caterpillar posted upbeat Q2 results, it expects a sequential decline in the second half of the year. Also, the company will have a tough comparison from Q3 onward, with the prior year quarter benefiting from strong pricing growth. Still, the company’s management stated that sales are expected to trend higher compared to the second half of 2022. The dealer inventory levels may also be lower in the second half vs. the prior-year period. Overall, Caterpillar posted solid results, and the growth will likely continue in the near term, albeit at a slower pace. The results boded well with investors, as evident from the stock price appreciation.
Looking at the stock price, we estimate Caterpillar’s Valuation to be $285 per share, broadly aligning with the current market price of $289. At its current levels, CAT stock is already trading at 16x its expected forward earnings of $18.10 on a per share and adjusted basis for full-year 2023, aligning with its last five-year average, implying that CAT stock is appropriately priced.
While CAT stock has little room for growth, it is helpful to see how Caterpillar’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Despite inflation rising and the Fed raising interest rates, CAT stock has risen 20% this year. But can it drop from here? See how low Caterpillar stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a portfolio that aims for long-term growth? Here’s a value portfolio that’s done much better than the market since 2016.
Returns Aug 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
CAT Return 9% 20% 211%
S&P 500 Return 0% 19% 104%
Trefis Multi-Strategy Portfolio 0% 28% 312%
[1] Month-to-date and year-to-date as of 8/2/2023
[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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Caterpillar stock (NYSE: CAT) was up 9% yesterday and 17% in a month, significantly outperforming the broader markets, with the S&P500 up 3%. This can be attributed to better price realization and healthy demand trends. The dealer inventory levels also improved during the quarter.
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See how low Caterpillar stock can go by comparing its decline in previous market crashes. Caterpillar stock (NYSE: CAT) was up 9% yesterday and 17% in a month, significantly outperforming the broader markets, with the S&P500 up 3%. This can be attributed to better price realization and healthy demand trends.
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Caterpillar stock (NYSE: CAT) was up 9% yesterday and 17% in a month, significantly outperforming the broader markets, with the S&P500 up 3%. This can be attributed to better price realization and healthy demand trends. The dealer inventory levels also improved during the quarter.
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Caterpillar stock (NYSE: CAT) was up 9% yesterday and 17% in a month, significantly outperforming the broader markets, with the S&P500 up 3%. This can be attributed to better price realization and healthy demand trends. The dealer inventory levels also improved during the quarter.
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c480b072-ab54-4be9-bf9b-4a71d1a0667b
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720406.0
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2023-08-03 00:00:00 UTC
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DE September 22nd Options Begin Trading
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DE
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https://www.nasdaq.com/articles/de-september-22nd-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 September 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 22nd contracts and identified one put and one call contract of particular interest.
The put contract at the $415.00 strike price has a current bid of $11.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $415.00, but will also collect the premium, putting the cost basis of the shares at $403.10 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $423.07/share today.
Because the $415.00 strike represents an approximate 2% 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 2.87% return on the cash commitment, or 20.93% 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 $415.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $430.00 strike price has a current bid of $14.30. If an investor was to purchase shares of DE stock at the current price level of $423.07/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $430.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.02% if the stock gets called away at the September 22nd 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 $430.00 strike highlighted in red:
Considering the fact that the $430.00 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 3.38% boost of extra return to the investor, or 24.67% 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 $423.07) 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 KBH
LCID Options Chain
Institutional Holders of CSWC
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 $430.00 strike highlighted in red: Considering the fact that the $430.00 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 become available today, for the September 22nd expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $430.00 strike highlighted in red: Considering the fact that the $430.00 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 become available today, for the September 22nd 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 $415.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $430.00 strike price has a current bid of $14.30. Below is a chart showing DE's trailing twelve month trading history, with the $430.00 strike highlighted in red: Considering the fact that the $430.00 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 22nd 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 $430.00 strike highlighted in red: Considering the fact that the $430.00 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 become available today, for the September 22nd expiration.
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15c4954a-2600-4bf4-abcc-9d02f07332bd
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720407.0
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2023-08-02 00:00:00 UTC
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Titan International (TWI) Matches Q2 Earnings Estimates
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DE
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https://www.nasdaq.com/articles/titan-international-twi-matches-q2-earnings-estimates
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nan
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Titan International (TWI) came out with quarterly earnings of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $481.18 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 6.75%. This compares to year-ago revenues of $572.9 million. The company has not been able to beat consensus revenue estimates 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.
Titan International shares have lost about 15.5% since the beginning of the year versus the S&P 500's gain of 19.2%.
What's Next for Titan International?
While Titan International 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 Titan International: unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.43 on $514.25 million in revenues for the coming quarter and $1.78 on $2.08 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 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Deere (DE), has yet to report results for the quarter ended July 2023. The results are expected to be released on August 18.
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%. The consensus EPS estimate for the quarter has been revised 0% lower over the last 30 days to the current level.
Deere's revenues are expected to be $14.2 billion, up 9.3% from the year-ago quarter.
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Titan International, Inc. (TWI) : 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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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 #4 (Sell) for the stock. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%. Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $481.18 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 6.75%.
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Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $481.18 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 6.75%. Click to get this free report Titan International, Inc. (TWI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%.
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Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $481.18 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 6.75%. Click to get this free report Titan International, Inc. (TWI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%.
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Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $481.18 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 6.75%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of 8.16%.
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1d085db5-c197-4e19-876c-115df41ef589
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720408.0
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2023-08-02 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-3
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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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b2904942-0fa9-486a-adbe-6fe0236ce31e
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720409.0
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2023-08-01 00:00:00 UTC
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Culture Champions: 3 Stocks Worth Buying for Their Winning Workplaces
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DE
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https://www.nasdaq.com/articles/culture-champions%3A-3-stocks-worth-buying-for-their-winning-workplaces
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
A poll conducted by Axios and The Harris Poll between March 13 and March 28 of this year surveyed more than 16,000 people. They were looking for companies with a positive work culture.
The survey asked the participants to name the two brands with the best and worst reputations. They devised a list of the 100 “most visible” in America from this question. The brands were then rated on nine reputation dimensions to develop a Reputational Quotient (RQ) score. The 100 most visible companies were ranked based on that score.
The poll found that the companies in the top 100 were very good at bringing employees together to follow their values, beliefs and mission.
Companies have found that what’s good for employees is also good for the business.
Axios reported that Integral Chief Executive Officer (CEO) Ethan McCarty commented on the matter. He said, “Our research shows that employees who see their own values reflected in their employer’s are more than twice as likely to go the extra mile for a client or colleague, advocate for their employer on social media, and stick with the company when it hits a crisis.”
Based on the rankings, I’ve created my list of three stocks with winning workplaces.
Costco (COST)
Source: Shutterstock
Costco (NASDAQ:COST) ranked 2nd in the poll with an RQ score of 82.1. The wholesale club’s score shot up 24 spots in this year’s survey.
I’ve always been a big fan of Costco as a business and a stock to own for the long haul. Its membership fees remain its unique selling proposition. Like Netflix (NASDAQ:NFLX), I’m sure it will find discrete ways to eliminate bulk buying for multiple parties in a single shopping trip.
E-commerce could be one way for it to do that. The company could have a cheaper tier for digital-only but provide some additional benefits that only shoppers walking in the store would get.
In fiscal 2013 (August year-end), Costco’s membership fees were $2.29 billion. Ten years later, they were $4.22 billion, a compound annual growth rate of 6.3%. That might not seem like a lot, but it’s essential to the company’s profitability.
In fact, over the past decade, Costo’s operating margin has increased substantially while its revenues have doubled. What a business!
Oppenheimer analyst Rupesh Parikh agreed.
“Costco has one of the most defensible moats in all of retail,” wrote Oppenheimer analyst Rupesh Parikh, who upped his price target on the shares to $630 from $575 on Tuesday. He also said, “the company’s attractive everyday low prices, uniquely differentiated offerings in big-ticket categories, fuel offerings and other bells and whistles of a Costco membership, such as a very attractive cash-back credit card, distinguish it versus peers.”
Deere & Co. (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Co. (NYSE:DE) has the enviable task of equipping the world’s farmers so they can deliver on the global food system’s needs — big and small — without having to deal with the ins and outs of food, beverage and health regulations.
Deere stock has not had a good year in the markets. It’s up less than 2% year-to-date. However, over the past five years, it’s gained more than 200%, more than three-fold better than the S&P 500.
As for the Axios Harris Poll 100, the company ranked 3rd with a score of 82.0. It earned third last year as well.
Always looking for ways to generate new revenue streams, Deere announced on July 29th that it was partnering with EGO, a manufacturer of more than 70 battery-powered lawn care products, to sell EGO’s products in John Deere dealerships across the U.S. and Canada.
More importantly, the two companies are working on developing new electric-powered products in the future. While details are scarce, Deere will likely bring its manufacturing know-how, and EGO will supply the lithium-ion battery experience.
It’s a smart move on Deere’s part. I’ve used EGO products for several years. They’re excellent.
Deere’s enterprise value of $178 billion is just 11.5x earnings before interest, taxes, depreciation and amortization (EBITDA), lower than it’s been since 2018.
In the long term, it’s a winner.
Toyota Motor (TM)
Source: josefkubes / Shutterstock.com
Toyota Motor (NYSE:TM) is one of those companies that doesn’t do anything impulsively — even when it means losing billions in revenue. The company has faced plenty of criticism for the slow pace at which it’s been developing electric vehicles (EVs).
However, once they make a decision, they go all in. That appears to be what’s happening on the EV front.
According to InsideEVs, the company’s first next-generation EV will be a Lexus with more than 600 miles of range on one charge. That vehicle will appear in 2026. By 2028, it claims the vehicles will get 900 miles per charge.
That will happen because of a bipolar lithium iron phosphate battery scheduled for mass production in 2026/2027. A year or two later, it’s slated to begin production of an advanced version that will be nearly 100 miles more of a single charge.
If all goes according to plan, Toyota will have pumped out 1.7 million EVs using this technology by 2030.
On July 5, Toyota reported that its U.S. business unit sold 195,448 vehicles in June, 14.9% higher than in June 2022. Of those, 26.4% were either fully-electric or hybrid. Investors should expect this number to get higher in the years ahead.
On the date of publication, Will Ashworth did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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 Culture Champions: 3 Stocks Worth Buying for Their Winning Workplaces 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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“Costco has one of the most defensible moats in all of retail,” wrote Oppenheimer analyst Rupesh Parikh, who upped his price target on the shares to $630 from $575 on Tuesday. He also said, “the company’s attractive everyday low prices, uniquely differentiated offerings in big-ticket categories, fuel offerings and other bells and whistles of a Costco membership, such as a very attractive cash-back credit card, distinguish it versus peers.” Deere & Co. (DE) Source: Jim Lambert / Shutterstock.com Deere & Co. (NYSE:DE) has the enviable task of equipping the world’s farmers so they can deliver on the global food system’s needs — big and small — without having to deal with the ins and outs of food, beverage and health regulations. They devised a list of the 100 “most visible” in America from this question.
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He also said, “the company’s attractive everyday low prices, uniquely differentiated offerings in big-ticket categories, fuel offerings and other bells and whistles of a Costco membership, such as a very attractive cash-back credit card, distinguish it versus peers.” Deere & Co. (DE) Source: Jim Lambert / Shutterstock.com Deere & Co. (NYSE:DE) has the enviable task of equipping the world’s farmers so they can deliver on the global food system’s needs — big and small — without having to deal with the ins and outs of food, beverage and health regulations. They devised a list of the 100 “most visible” in America from this question. The brands were then rated on nine reputation dimensions to develop a Reputational Quotient (RQ) score.
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He also said, “the company’s attractive everyday low prices, uniquely differentiated offerings in big-ticket categories, fuel offerings and other bells and whistles of a Costco membership, such as a very attractive cash-back credit card, distinguish it versus peers.” Deere & Co. (DE) Source: Jim Lambert / Shutterstock.com Deere & Co. (NYSE:DE) has the enviable task of equipping the world’s farmers so they can deliver on the global food system’s needs — big and small — without having to deal with the ins and outs of food, beverage and health regulations. They devised a list of the 100 “most visible” in America from this question. The brands were then rated on nine reputation dimensions to develop a Reputational Quotient (RQ) score.
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Deere stock has not had a good year in the markets. They devised a list of the 100 “most visible” in America from this question. The brands were then rated on nine reputation dimensions to develop a Reputational Quotient (RQ) score.
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5188de74-51c5-47f5-a73f-82c460f77964
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720410.0
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2023-07-31 00:00:00 UTC
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CNH Industrial (CNHI) Q2 Earnings Beat Estimates, Revenues Miss
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DE
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https://www.nasdaq.com/articles/cnh-industrial-cnhi-q2-earnings-beat-estimates-revenues-miss
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nan
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nan
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CNH Industrial CNHI delivered second-quarter 2023 adjusted earnings per share of 52 cents, which increased from 43 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 48 cents.
In the second quarter, consolidated revenues rose 8% from the year-ago level to $6,567 million. The company’s net sales from industrial activities came in at $5,954 million, up 6%, led by favorable pricing. However, the metric lagged the Zacks Consensus Estimate of $6,781 million.
CNH Industrial N.V. Price, Consensus and EPS Surprise
CNH Industrial N.V. price-consensus-eps-surprise-chart | CNH Industrial N.V. Quote
Segmental Performance
In the June quarter, net sales in the Agricultural segment grew 4% year over year to $4,890 million thanks to favorable price realization. But the metric missed our estimate of $5,129 million due to low demand for tractors. The segment’s adjusted EBIT came in at $821 million, jumping 23.8% year over year and outpacing our estimate of $734 million. The adjusted EBIT margin increased to 16.8% from 14% due to favorable pricing and improved mix.
The Construction segment’s sales grew 19% year over year to $1,064 million in the quarter, led by favorable price realization and improved volume and mix in North America. The metric also surpassed our estimate of $1,008 million. Adjusted EBIT came in at $72 million, gaining 111.8% on favorable volume and a positive price realization. The figure also surpassed the our estimate of $27.3 million. The adjusted EBIT margin increased to 6.8% from 3.8%.
The Financial Services segment’s revenues went up 28% to $603 million, topping our estimate of $578.4 million on improved volumes and better base rates across all regions. Net income from the segment declined 1.1% to $94 million due to high-risk costs and margin compression in North America in the quarter under review.
Financial Details
CNH Industrial had cash and cash equivalents of $3,194 million as of Jun 30, 2023, down from $4,376 million as of Dec 31, 2022. The company’s debt totaled $24,870 million at the end of the second quarter of 2023, up from $22,962 million as of Dec 31, 2022.
The company’s net cash, used by operating activities, was $139 million, down from $271 million in the year-ago period. Free cash flow from industrial activities was $386 million in the quarter versus free cash flow of $404 million in the second quarter of 2022.
Reaffirmed Guidance 2023
For Industrial activities, sales are expected to increase year over year in the band of 8-11%. The projections for free cash flow from industrial activities are in the range of $1.3-$1.5 billion. R&D expenses and capex projections are pegged at $1.6 billion. SG&A expenses are expected to grow by no more than 5% vs 2022.
Zacks Rank and Key Picks
CNH Industrial currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few other players in the same industry are Deere & Company DE and AGCO Corporation AGCO, each carrying a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for DE’s 2023 sales and earnings implies year-over-year growth of 9.3% and 31.8%, respectively. The 2023 EPS estimate has been revised upward by a cent in the past seven days. The EPS estimate for 2024 has moved south by 3 cents in the past seven days.
The Zacks Consensus Estimate for AGCO’s 2023 sales and earnings implies year-over-year growth of 7.5% and 0.9%, respectively. The 2023 EPS estimate has been revised upward by 33 cents in the past seven days. The EPS estimate for 2024 has moved north by 11 cents in the past seven days.
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Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
CNH Industrial N.V. (CNHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Net income from the segment declined 1.1% to $94 million due to high-risk costs and margin compression in North America in the quarter under review. The Zacks Consensus Estimate for DE’s 2023 sales and earnings implies year-over-year growth of 9.3% and 31.8%, respectively. CNH Industrial CNHI delivered second-quarter 2023 adjusted earnings per share of 52 cents, which increased from 43 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 48 cents.
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CNH Industrial CNHI delivered second-quarter 2023 adjusted earnings per share of 52 cents, which increased from 43 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 48 cents. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. But the metric missed our estimate of $5,129 million due to low demand for tractors.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. CNH Industrial CNHI delivered second-quarter 2023 adjusted earnings per share of 52 cents, which increased from 43 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 48 cents. But the metric missed our estimate of $5,129 million due to low demand for tractors.
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CNH Industrial CNHI delivered second-quarter 2023 adjusted earnings per share of 52 cents, which increased from 43 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 48 cents. But the metric missed our estimate of $5,129 million due to low demand for tractors. Net income from the segment declined 1.1% to $94 million due to high-risk costs and margin compression in North America in the quarter under review.
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afab579d-eec3-4a5f-bd01-b6b1e36d2382
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720411.0
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2023-07-31 00:00:00 UTC
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Is Deere & Company Stock a Buy?
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DE
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https://www.nasdaq.com/articles/is-deere-company-stock-a-buy
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nan
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nan
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To say that Deere & Company (NYSE: DE) has been a wonderful investment would be somewhat of an understatement. Its shares have tripled in the last five years, trouncing the 60% gain of the S&P 500. But so far in 2023, this top industrial stock is flat, seriously lagging the broader market index.
Is Deere stock a buy right now, even though the maker of agriculture machinery, heavy equipment, and lawn-care machines hasn't performed well lately? Let's consider the facts and come to an informed decision.
Outsize growth
In fiscal 2022 (ended last Oct. 30), Deere registered revenue of $52.6 billion, up 19% year over year, and this strong momentum has continued in recent quarters. The business was able to grow sales 30% in the second quarter of 2023, and it beat Wall Street estimates for revenue and earnings per share in the latest quarter.
A key to Deere's strong numbers was broad-based growth. All three of its segments (production & precision agriculture, small agriculture & turf, and construction & forestry equipment) posted double-digit sales gains, with operating margins in excess of 20%.
"Across our businesses, outperformance was driven by strong demand, favorable pricing, and operational execution enabled by supply chain improvements," Rachel Bach, manager of investor communications, said on the second-quarter earnings call.
Management is confident in Deere's near-term prospects, so it raised full-year guidance during the last earnings update. The company is now expected to bring in net income between $9.25 billion and $9.5 billion.
And over the long term, Deere is in a good position to continue posting outsize gains. With its focus on technological innovation, aimed at introducing more energy-efficient products that can help maximize crop yields, the company thinks it has added a market opportunity of $150 billion. Thanks to this Smart Industrial strategy, as it's called, Deere is ready to remain a leader in the industry.
Shareholders would not only like to see solid top-line growth, but also an expanding bottom line. Between fiscal 2017 and 2022, the company's operating margin went from 10% to 18%. If the past is any indication of the future, Deere is poised to continue that momentum.
Other notable factors
Deere is a cyclical and capital-intensive business. Demand trends are heavily influenced by the state of the economy at any given time, which makes sense because Deere sells expensive equipment.
If times are tough, farmers can hold off making purchasing decisions, pressuring sales for Deere. This could happen when commodity prices are weakening, resulting in less income for farmers to spend on high-priced machinery.
But if that simple reality doesn't scare you away, then there's still a lot to like. Deere produces consistent free cash flow that it uses to buy back shares and pay dividends, and the quarterly dividend has increased steadily over the past 20 years.
Having been around since 1837, Deere has had time to develop its economic moat, which is supported by a strong brand. Even someone who has no idea about the agriculture or construction industry has likely seen a Deere product. This brand strength is key to the success of the company, allowing the executive team to raise prices over time to combat rising costs.
After the company crushed the market in the past five years, its stock currently trades at a trailing price-to-earnings (P/E) ratio of 14.4. That's cheaper than Deere's trailing-five-year average of 19.8, and a substantial discount to the S&P 500's P/E of 20.4. This makes Deere a worthy candidate for investors looking to allocate capital to the industrial sector.
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 July 27, 2023
Neil Patel 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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"Across our businesses, outperformance was driven by strong demand, favorable pricing, and operational execution enabled by supply chain improvements," Rachel Bach, manager of investor communications, said on the second-quarter earnings call. With its focus on technological innovation, aimed at introducing more energy-efficient products that can help maximize crop yields, the company thinks it has added a market opportunity of $150 billion. To say that Deere & Company (NYSE: DE) has been a wonderful investment would be somewhat of an understatement.
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Outsize growth In fiscal 2022 (ended last Oct. 30), Deere registered revenue of $52.6 billion, up 19% year over year, and this strong momentum has continued in recent quarters. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. To say that Deere & Company (NYSE: DE) has been a wonderful investment would be somewhat of an understatement.
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Is Deere stock a buy right now, even though the maker of agriculture machinery, heavy equipment, and lawn-care machines hasn't performed well lately? Outsize growth In fiscal 2022 (ended last Oct. 30), Deere registered revenue of $52.6 billion, up 19% year over year, and this strong momentum has continued in recent quarters. 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen.
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Outsize growth In fiscal 2022 (ended last Oct. 30), Deere registered revenue of $52.6 billion, up 19% year over year, and this strong momentum has continued in recent quarters. 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!
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35ff3c82-4b0a-49b2-9bb4-3a0d7ff2e0e0
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720412.0
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2023-07-31 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-8
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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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242ec992-34cc-4d94-a5f2-548a46f495cc
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720413.0
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2023-07-31 00:00:00 UTC
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10 Spectacular Dividend Stocks to Buy in August
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DE
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https://www.nasdaq.com/articles/10-spectacular-dividend-stocks-to-buy-in-august
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nan
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nan
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Fool.com contributor Parkev Tatevosian lists 10 spectacular dividend stocks that offer investors an incredible opportunity in August.
*Stock prices used were the afternoon prices of July 28, 2023. The video was published on July 30, 2023.
10 stocks we like better than Visa
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Visa wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of July 27, 2023
Parkev Tatevosian, CFA has positions in Macy's and Visa. The Motley Fool has positions in and recommends Home Depot, Taiwan Semiconductor Manufacturing, and Visa. The Motley Fool recommends Deere, International Business Machines, and eBay and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and short July 2023 $47.50 calls on eBay. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fool.com contributor Parkev Tatevosian lists 10 spectacular dividend stocks that offer investors an incredible opportunity in August. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Home Depot, Taiwan Semiconductor Manufacturing, and Visa.
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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, International Business Machines, and eBay and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and short July 2023 $47.50 calls on eBay. Fool.com contributor Parkev Tatevosian lists 10 spectacular dividend stocks that offer investors an incredible opportunity in August.
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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, International Business Machines, and eBay and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and short July 2023 $47.50 calls on eBay. Fool.com contributor Parkev Tatevosian lists 10 spectacular dividend stocks that offer investors an incredible opportunity in August.
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Fool.com contributor Parkev Tatevosian lists 10 spectacular dividend stocks that offer investors an incredible opportunity in August. The video was published on July 30, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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c811746d-10a9-463e-8035-dea2c8b4fedd
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720414.0
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2023-07-31 00:00:00 UTC
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Every Dividend Stock Cathie Wood Owns, Ranked From Highest to Lowest Yield
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DE
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https://www.nasdaq.com/articles/every-dividend-stock-cathie-wood-owns-ranked-from-highest-to-lowest-yield
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nan
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nan
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Growth is the name of the game for Cathie Wood. Income isn't even an afterthought.
However, you might be surprised at how many of the stocks owned by Wood's Ark Invest exchange-traded funds (ETFs) actually pay dividends. Wood might not be looking for income, but she's getting some anyway.
Here is every dividend stock Wood owns, ranked from highest to lowest dividend yield.
Dividend stars
The dividend yield for the S&P 500 currently stands at 1.51%. Eight stocks in Ark Invest's portfolio are dividend stars that easily beat that level.
RANK STOCK DIVIDEND YIELD
1 Pfizer (NYSE: PFE) 4.53%
2 Magna International (NYSE: MGA) 2.91%
3 Garmin (NYSE: GRMN) 2.78%
4 Lockheed Martin (NYSE: LMT) 2.67%
5 L3Harris Technologies (NYSE: LHX) 2.4%
6 Honeywell (NASDAQ: HON) 2.1%
7 Caterpillar (NYSE: CAT) 2.01%
8 Taiwan Semiconductor Manufacturing (NYSE: TSM) 1.84%
Data sources: Ark Invest, Google Finance.
Believe it or not, Wood owns a stake in a high-yield dividend stock -- Pfizer. Ark Genomic Revolution ETF's stake in the big drugmaker is worth close to $17.7 million.
Pfizer isn't the typical kind of stock in the genomic ETF's portfolio. Most of its top holdings are up-and-coming biotech stocks and genomics stocks. However, Pfizer has proven that it remains a top innovator. And when it can't beat smaller drug developers to the punch, it often acquires them.
Not too shabby
Wood's ETFs also have positions in a handful of stocks with dividend yields that are below the S&P 500's yield but still are not too shabby.
RANK STOCK DIVIDEND YIELD
9 Intercontinental Exchange (NYSE: ICE) 1.46%
10 Komatsu (OTC: KMTUY) 1.24%
11 John Deere (NYSE: DE) 1.17%
Data sources: Ark Invest, Google Finance.
Intercontinental Exchange pays the best dividend in this group with a yield that nearly matches the S&P 500's. However, John Deere ranks as the largest position among these three stocks for her Ark Invest funds. The heavy machinery maker is the eighth-largest holding for Ark Autonomous Technology & Robotics ETF and is also in Ark Space Exploration Innovation ETF's portfolio.
You might have done a double-take seeing that Wood's space exploration ETF owns John Deere stock. That's not a typo, though. Deere plans to use satellites to help farmers.
A quiver of slivers
Most of Wood's dividend stocks only offer relatively paltry dividends with yields of less than 1%. I've called this group her "quiver of slivers."
RANK STOCK DIVIDEND YIELD
12 Elbit Systems (NASDAQ: ESLT) 0.99%
13 Iridium Communications (NASDAQ: IRDM) 0.99%
14 General Motors (NYSE: GM) 0.92%
15 Microsoft (NASDAQ: MSFT) 0.82%
16 Intuit (NASDAQ: INTU) 0.63%
17 Dassault Systèmes (OTC: DASTY) 0.50%
18 Teradyne (NASDAQ: TER) 0.4%
19 Cameco (NYSE: CCJ) 0.27%
20 Heico (NYSE: HEI) 0.11%
21 Nvidia (NASDAQ: NVDA) 0.035%
Data sources: Ark Invest, Google Finance.
Israeli-based defense electronics company Elbit Systems and satellite operator Iridium Communications almost managed to join the "not too shabby" category. A slight drop in their share prices would push their yields above 1%.
Ark Invest's lowest dividend payer isn't one of Wood's favorite stocks these days. She thinks there are better artificial-intelligence stocks than Nvidia. Wood has even sold most of her shares of the chipmaker. However, Ark Financial Innovation ETF, Ark Innovation ETF, Ark Autonomous Technology & Robotics ETF, and Ark Next Generation Internet ETF still own small stakes in Nvidia.
Better picks
With the notable exception of Pfizer, I think that income investors can find better choices than the dividend stocks owned by Wood's ETFs. What about growth investors? They can do better too, in my view. Consider checking out some of the other stocks in Ark Invest's portfolio that don't pay dividends.
10 stocks we like better than Nvidia
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 Nvidia 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 July 27, 2023
Keith Speights has positions in Microsoft and Pfizer. The Motley Fool has positions in and recommends Garmin, Intuit, Microsoft, Nvidia, Pfizer, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Dassault Systèmes Se, Deere, General Motors, Heico, Intercontinental Exchange, Lockheed Martin, Magna International, and Teradyne and recommends the following options: long January 2025 $25 calls on General Motors. 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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Israeli-based defense electronics company Elbit Systems and satellite operator Iridium Communications almost managed to join the "not too shabby" category. Better picks With the notable exception of Pfizer, I think that income investors can find better choices than the dividend stocks owned by Wood's ETFs. However, you might be surprised at how many of the stocks owned by Wood's Ark Invest exchange-traded funds (ETFs) actually pay dividends.
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The Motley Fool recommends Dassault Systèmes Se, Deere, General Motors, Heico, Intercontinental Exchange, Lockheed Martin, Magna International, and Teradyne and recommends the following options: long January 2025 $25 calls on General Motors. However, you might be surprised at how many of the stocks owned by Wood's Ark Invest exchange-traded funds (ETFs) actually pay dividends. Here is every dividend stock Wood owns, ranked from highest to lowest dividend yield.
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However, you might be surprised at how many of the stocks owned by Wood's Ark Invest exchange-traded funds (ETFs) actually pay dividends. Here is every dividend stock Wood owns, ranked from highest to lowest dividend yield. Dividend stars The dividend yield for the S&P 500 currently stands at 1.51%.
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However, you might be surprised at how many of the stocks owned by Wood's Ark Invest exchange-traded funds (ETFs) actually pay dividends. Intercontinental Exchange pays the best dividend in this group with a yield that nearly matches the S&P 500's. Here is every dividend stock Wood owns, ranked from highest to lowest dividend yield.
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89ad9807-746d-4b07-b276-c053a47af0bd
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720415.0
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2023-07-29 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-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 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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93d124cc-ff26-456e-947d-8237973ee8ca
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720416.0
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2023-07-29 00:00:00 UTC
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My Top AI Stock to Watch This Earnings Season
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DE
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https://www.nasdaq.com/articles/my-top-ai-stock-to-watch-this-earnings-season
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nan
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nan
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Earnings season is here. The next few weeks will likely feature a slew of dramatic stock price swings. However, a better way to view this period is through the lens of a company's long-term investment thesis and whether management's short- and long-term strategies are helping or hurting the company's success.
In the case of Deere & Company (NYSE: DE), its long-term investment thesis is centered around the ability to sell more equipment. There are a lot of traditional factors at play, from new product features, competition, commodity prices, capital spending from Deere's customers, dealer inventories, and more. And we'll get updates on a lot about these factors, as well as Deere's numbers on the upcoming earnings call.
But what I'm really looking forward to hearing is Deere's progress on integrating artificial intelligence (AI) into more products. Here's why Deere is a must-watch AI stock this earnings season, and what to look for when Deere reports earnings on Aug. 18.
Image source: Getty Images.
AI investments and customer reception
Since unveiling its autonomous tractor in January 2022, Deere's AI commentary has been relatively muted, especially on its earnings calls. And although it has discussed its technological innovations during investor presentations, these updates have mainly been ultra-long-term ideas that won't impact the business in the next few years.
Given the recent surge in AI discussion we've seen in the last couple of months, I'd expect Deere to give a meaningful update on its AI solutions and provide a more defined timeline with short- and long-term targets instead of just big-picture plans.
Deere can invest time and money into AI. But ultimately, its customers and the industries it serves will need to buy into this technology. Investors will want to know if customers are the ones leading the conversation, or if Deere is just investing in AI and hoping it works.
Deere is in a bit of a tricky position. It's not a big tech company. And many of its customers may be more fearful than hopeful about the impact AI can have on their businesses -- especially smaller farmers that may be worried AI will lead to further consolidation and put more power in the hands of the major operators.
Although Deere has been investing in AI and robotics for quite some time, the major competitive advantages of these investments and their payoff haven't been felt yet. Rather, Deere's extraordinary results over the last few years seem to be in response to the more traditional factors such as higher commodity prices, strong spending from its end customers, and a general uptick in the cycle.
The opportunity
Deere has experienced the best three-year period in company history. All-time-high revenue and net income are impressive achievements. The question now is whether Deere can sustain this performance, or if growth will slow and Deere will enter a natural contraction.
Another key theme to watch for Deere this quarter and in the years to come is if AI can reduce the cyclicality of the company's performance. If there is sustained industrywide adoption of new technologies, and Deere strengthens itself with a solid lead over its competitors with autonomous solutions, then it could help Deere either extend this growth cycle or limit the damage during a downturn.
For example, Apple's strong brand and integrated ecosystem mitigate the effects of slowdowns in consumer discretionary spending, laptop and new smartphone demand, and other factors. Perhaps the best example is Tesla. The company's industry-leading operating margin, paired with the ongoing shift toward electric vehicles, allows the company to combat industry challenges better than its peers.
In sum, if Deere proves that its solutions can boost crop yield, reduce downtime, and help its customers use fewer materials like fertilizer and water to cut down expenses, then it has a real chance of reducing its correlation with the broader agriculture, construction, and forestry industries.
Is Deere stock a buy?
Deere stock is hovering around an all-time high. Virtually everything has gone well for the business lately. And when times are this good, it's easy to be pessimistic and expect fortunes to turn.
Deere's numbers are so good that growth can stall or even be a little negative and the stock would still be a great value. Over the last three years, Deere stock has gained 147%, and its price-to-earnings ratio has fallen 27% and now sits at just under 15. Usually when a stock stages an epic rally like that, its P/E ratio would be far higher. But this goes to show that Deere's profit growth rate has actually exceeded the growth rate in its stock price.
More important than this quarter's numbers or really Deere's numbers over the next couple of years is the company's ability to convert research and development expenses into real results. Deere has done a phenomenal job reinvesting profits back into its business. Its focus has been on growth over its dividend, which looks to have been the smart move for Deere.
However, investing in growth has its risks. Deere's operating expenses have surged in lockstep with its net income growth, making the company bigger and bulkier, and more vulnerable if profits fall.
Deere needs to prove that its AI investments are paying off by quantifying the impact of its solutions in the same way that Apple began separating its services results from its product results. Or how Amazon separates Amazon Web Services' performance from its retail business. Until then, it's going to be hard for investors to determine what kind of premium Deere stock deserves as a direct result of AI.
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 July 17, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Daniel Foelber has the following options: long September 2023 $146.67 calls on Tesla and short September 2023 $150 calls on Tesla. The Motley Fool has positions in and recommends Amazon.com, Apple, and Tesla. 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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Rather, Deere's extraordinary results over the last few years seem to be in response to the more traditional factors such as higher commodity prices, strong spending from its end customers, and a general uptick in the cycle. For example, Apple's strong brand and integrated ecosystem mitigate the effects of slowdowns in consumer discretionary spending, laptop and new smartphone demand, and other factors. Deere's operating expenses have surged in lockstep with its net income growth, making the company bigger and bulkier, and more vulnerable if profits fall.
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There are a lot of traditional factors at play, from new product features, competition, commodity prices, capital spending from Deere's customers, dealer inventories, and more. Rather, Deere's extraordinary results over the last few years seem to be in response to the more traditional factors such as higher commodity prices, strong spending from its end customers, and a general uptick in the cycle. But this goes to show that Deere's profit growth rate has actually exceeded the growth rate in its stock price.
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Here's why Deere is a must-watch AI stock this earnings season, and what to look for when Deere reports earnings on Aug. 18. AI investments and customer reception Since unveiling its autonomous tractor in January 2022, Deere's AI commentary has been relatively muted, especially on its earnings calls. If there is sustained industrywide adoption of new technologies, and Deere strengthens itself with a solid lead over its competitors with autonomous solutions, then it could help Deere either extend this growth cycle or limit the damage during a downturn.
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Deere needs to prove that its AI investments are paying off by quantifying the impact of its solutions in the same way that Apple began separating its services results from its product results. In the case of Deere & Company (NYSE: DE), its long-term investment thesis is centered around the ability to sell more equipment. There are a lot of traditional factors at play, from new product features, competition, commodity prices, capital spending from Deere's customers, dealer inventories, and more.
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f34273df-e9a4-47fd-a0a3-6399169640f7
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720417.0
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2023-07-28 00:00:00 UTC
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Noteworthy ETF Outflows: XLI, CAT, RTX, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xli-cat-rtx-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 The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $60.2 million dollar outflow -- that's a 0.4% decrease week over week (from 145,830,000 to 145,280,000). Among the largest underlying components of XLI, in trading today Caterpillar Inc. (Symbol: CAT) is up about 1.1%, RTX Corp (Symbol: RTX) is up about 0.9%, and Deere & Co. (Symbol: DE) is lower by about 0.4%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $82.75 per share, with $110.54 as the 52 week high point — that compares with a last trade of $110.16. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Nelson Peltz Stock Picks
QMCO YTD Return
PMO 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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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $60.2 million dollar outflow -- that's a 0.4% decrease week over week (from 145,830,000 to 145,280,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Among the largest underlying components of XLI, in trading today Caterpillar Inc. (Symbol: CAT) is up about 1.1%, RTX Corp (Symbol: RTX) is up about 0.9%, and Deere & Co. (Symbol: DE) is lower by about 0.4%.
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For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $82.75 per share, with $110.54 as the 52 week high point — that compares with a last trade of $110.16. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $60.2 million dollar outflow -- that's a 0.4% decrease week over week (from 145,830,000 to 145,280,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $82.75 per share, with $110.54 as the 52 week high point — that compares with a last trade of $110.16. 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 The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $60.2 million dollar outflow -- that's a 0.4% decrease week over week (from 145,830,000 to 145,280,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $82.75 per share, with $110.54 as the 52 week high point — that compares with a last trade of $110.16. 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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624a3479-d88f-47a7-940c-3e75e094fa56
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720418.0
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2023-07-28 00:00:00 UTC
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Unusual Call Option Trade in Deere (DE) Worth $327.00K
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DE
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https://www.nasdaq.com/articles/unusual-call-option-trade-in-deere-de-worth-%24327.00k-0
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nan
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On July 27, 2023 at 15:46:31 ET an unusually large $327.00K block of Call contracts in Deere (DE) was sold, with a strike price of $460.00 / share, expiring in 22 day(s) (on August 18, 2023).
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 3240 funds or institutions reporting positions in Deere. This is a decrease of 3 owner(s) or 0.09% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.52%, an increase of 0.88%. Total shares owned by institutions increased in the last three months by 0.60% to 241,073K shares.
The put/call ratio of DE is 1.43, 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 4.05% Upside
As of July 5, 2023, the average one-year price target for Deere is 450.47. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 4.05% from its latest reported closing price of 432.95.
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.
Ofi Invest Asset Management holds 9,392K shares representing 3.20% ownership of the company.
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.
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 will receive the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $432.95 / share, the stock's dividend yield is 1.15%.
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 0.41 (n=236).
The current dividend yield is 0.81 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K
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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On July 27, 2023 at 15:46:31 ET an unusually large $327.00K block of Call contracts in Deere (DE) was sold, with a strike price of $460.00 / share, expiring in 22 day(s) (on August 18, 2023). 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.
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In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. 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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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. Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized).
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In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. At the current share price of $432.95 / share, the stock's dividend yield is 1.15%.
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7d5d1d15-1dd8-48e4-82ca-a402f46b066f
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720419.0
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2023-07-28 00:00:00 UTC
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Noteworthy Friday Option Activity: MET, DE, DLR
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DE
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-met-de-dlr
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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 MetLife Inc (Symbol: MET), where a total volume of 17,603 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.3% of MET's average daily trading volume over the past month, of 4.0 million shares. Especially high volume was seen for the $67.50 strike call option expiring October 20, 2023, with 10,257 contracts trading so far today, representing approximately 1.0 million underlying shares of MET. Below is a chart showing MET's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 5,819 contracts thus far today. That number of contracts represents approximately 581,900 underlying shares, working out to a sizeable 42.9% of DE's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $450 strike call option expiring August 04, 2023, with 256 contracts trading so far today, representing approximately 25,600 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange:
And Digital Realty Trust Inc (Symbol: DLR) saw options trading volume of 11,177 contracts, representing approximately 1.1 million underlying shares or approximately 42.4% of DLR's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $130 strike call option expiring August 18, 2023, with 2,588 contracts trading so far today, representing approximately 258,800 underlying shares of DLR. Below is a chart showing DLR's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for MET options, DE options, or DLR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
DCUA Videos
CHIK market cap history
HCLP 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 $67.50 strike call option expiring October 20, 2023, with 10,257 contracts trading so far today, representing approximately 1.0 million underlying shares of MET. Especially high volume was seen for the $450 strike call option expiring August 04, 2023, with 256 contracts trading so far today, representing approximately 25,600 underlying shares of DE. Especially high volume was seen for the $130 strike call option expiring August 18, 2023, with 2,588 contracts trading so far today, representing approximately 258,800 underlying shares of DLR.
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Below is a chart showing MET's trailing twelve month trading history, with the $67.50 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 5,819 contracts thus far today. Especially high volume was seen for the $450 strike call option expiring August 04, 2023, with 256 contracts trading so far today, representing approximately 25,600 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange: And Digital Realty Trust Inc (Symbol: DLR) saw options trading volume of 11,177 contracts, representing approximately 1.1 million underlying shares or approximately 42.4% of DLR's average daily trading volume over the past month, of 2.6 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 MetLife Inc (Symbol: MET), where a total volume of 17,603 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $67.50 strike call option expiring October 20, 2023, with 10,257 contracts trading so far today, representing approximately 1.0 million underlying shares of MET. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange: And Digital Realty Trust Inc (Symbol: DLR) saw options trading volume of 11,177 contracts, representing approximately 1.1 million underlying shares or approximately 42.4% of DLR's average daily trading volume over the past month, of 2.6 million shares.
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Especially high volume was seen for the $67.50 strike call option expiring October 20, 2023, with 10,257 contracts trading so far today, representing approximately 1.0 million underlying shares of MET. Especially high volume was seen for the $450 strike call option expiring August 04, 2023, with 256 contracts trading so far today, representing approximately 25,600 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange: And Digital Realty Trust Inc (Symbol: DLR) saw options trading volume of 11,177 contracts, representing approximately 1.1 million underlying shares or approximately 42.4% of DLR's average daily trading volume over the past month, of 2.6 million shares.
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2da91b40-0e1d-4132-ba23-cf0835a8eb24
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720420.0
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2023-07-28 00:00:00 UTC
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Unusual Call Option Trade in Deere (DE) Worth $327.00K
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DE
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https://www.nasdaq.com/articles/unusual-call-option-trade-in-deere-de-worth-%24327.00k
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nan
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nan
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On July 27, 2023 at 15:46:31 ET an unusually large $327.00K block of Call contracts in Deere (DE) was sold, with a strike price of $460.00 / share, expiring in 22 day(s) (on August 18, 2023).
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 3240 funds or institutions reporting positions in Deere. This is a decrease of 3 owner(s) or 0.09% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.52%, an increase of 0.88%. Total shares owned by institutions increased in the last three months by 0.60% to 241,073K shares.
The put/call ratio of DE is 1.43, 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 4.05% Upside
As of July 5, 2023, the average one-year price target for Deere is 450.47. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 4.05% from its latest reported closing price of 432.95.
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.
Ofi Invest Asset Management holds 9,392K shares representing 3.20% ownership of the company.
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.
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 will receive the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $432.95 / share, the stock's dividend yield is 1.15%.
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 0.41 (n=236).
The current dividend yield is 0.81 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K
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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On July 27, 2023 at 15:46:31 ET an unusually large $327.00K block of Call contracts in Deere (DE) was sold, with a strike price of $460.00 / share, expiring in 22 day(s) (on August 18, 2023). 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.
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In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. 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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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. Deere Declares $1.25 Dividend On May 31, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized).
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In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%. At the current share price of $432.95 / share, the stock's dividend yield is 1.15%.
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8e40fa3c-a386-49f2-9fe2-5cfc25bb7e80
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720421.0
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2023-07-28 00:00:00 UTC
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Top 5 Robotic Stocks to Watch in 2023
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DE
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https://www.nasdaq.com/articles/top-5-robotic-stocks-to-watch-in-2023
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nan
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nan
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Hedder Money is a series dedicated to educating small business owners and individual investors on personal finance, investing, and savings. Each week, our money expert Brian Gornall, an ex-Amazon business leader and host of the video channel Business With Brian, shares his tips on how to be successful at personal finance and wealth management.
Robotics and artificial intelligence have not only revolutionized industries across the globe but also sparked a significant surge in investment interest. As investors seek to capitalize on this transformative trend, identifying the most promising stocks to watch becomes crucial. In this article, I will focus on the top five robotic stocks that investors should keep on the radar for future growth
1. Rockwell Automation (ROK)
The first company on the list is Rockwell Automation (ROK). The company offers a comprehensive suite of robotics products, including robotic arms, controllers, software, and vision systems. They also possess a deep understanding of integrating robotics with other automation technologies, such as machine vision, motion control, and data analytics.
What's impressive about the company is its remarkable history spanning over 120 years. Originally founded in 1903 as the Compression Rheostat Company, it transitioned to focus on manufacturing software and technology during the 1990s. Rockwell Automation holds a strong presence in a diverse range of industries, including automotive, aerospace, food and beverage, and healthcare.
As of July 25, ROK trades for $337.89. The stock is up 30.9% YTD and gained 83.6% over 5 years. Analysts have an average target price of $313 and a high of $383. I see this as a great stock to keep on my watch list.
2. Deere and Company (DE)
The next company might seem to come out of left field, or rather, the corn field. That company is Deere and Company (DE), better known to many as John Deere. While most of us recognize them for manufacturing agricultural and forestry equipment, they are also at the forefront of agricultural robotics. Deere and Company is making significant investments in research and development for autonomous tractors, robotic harvesters, and robotic weeders.
Through the automation of tasks traditionally performed by humans, John Deere's robots are freeing up farmers to focus on other essential aspects of managing their businesses. Furthermore, these innovative robots are contributing to environmental conservation by utilizing less energy and water compared to conventional agricultural practices. As a result, John Deere's cutting-edge robotics is not only boosting productivity but also helping to reduce the overall environmental impact of agriculture.
John Deere is a relatively old company, founded in 1837. However, they have only recently begun to invest heavily in robotics. In 2017, they acquired Bear Flag Robotics, a startup that develops autonomous driving technology for agricultural equipment. This acquisition has helped John Deere accelerate the development of their robotic technology.
As of 25 July, DE is trading at $446.33 and only up 5.19%YTD, but their 5 year gain is over 217%.
People need to eat, and farming will only become more important over time. This is a stock with long-term potential, for sure.
3. Tesla (TSLA)
I probably don’t need to explain why Tesla (TSLA) is going to be a powerhouse in robotics. However, for those of you who need a refresher, their vehicles practically fall into the realm of robotics due to their near full capability of self-driving. And they are the leading reason for the US having as many industrial robots as we have, as they have invested heavily in automating their production lines.
Tesla's recent announcement of the humanoid-like robot called Optimus has been a remarkable development. The beauty of this robot lies in its use of the same autopilot software developed for their cars, demonstrating Tesla's prowess in leveraging existing technology across various domains.
As of July 25, TSLA is trading at $265.28. They are up 145.4% YTD, and gained 1,239% over 5 years.
4. Zebra Technology (ZBRA)
My next company is Zebra Technology (ZBRA), a prominent player in the automatic identification and data capture (AIDC) industry. They offer a wide range of products and services, including mobile computers, autonomous mobile robots, collaborative robots, and vision-guided robots.
A significant milestone in their robotics journey was marked in 2019 when they acquired Fetch Robotics, enabling them to enhance their capabilities in autonomous mobile robots and rounding out their portfolio. With this strategic move, Zebra Technology has become a formidable contender in robotics for manufacturing and warehouse management.
As of July 25, ZBRA trades for $301.43, and is up 15.85% YTD and 114.5% over 5 years.
The analysts have this company as a strong buy with plenty of upside given with their forecasts.
5. ABB Limited (ABBNY)
ABB Limited (ABBNY) is a Swiss multinational conglomerate specializing in robotics, power, automation, and electrification. With a long history of innovation, they have firmly established themselves as a leader in the robotics industry. ABB’s robotics division primarily caters to manufacturing, logistics, healthcare, and energy sectors. However, it's their foray into the construction domain that piques my interest the most. ABB is at the forefront of robotic 3D printing and prefab construction, a transformative area that is poised to revolutionize the construction industry.
ABB is also a key supplier to China and the world. While they may not be well-known to most of us, they touch on so many sectors with robotics that they stand to gain in many ways over the next several years.
As of July 25, ABBNY trades for $40.65, and is up 32.07% YTD and 84.69% over 5 years.
Conclusion
The world of robotics is brimming with potential, and keeping a keen eye on these top five robotic stocks could prove to be a prudent choice for those seeking to ride the wave of technological advancement and seize opportunities in the ever-evolving landscape of the robotic industry.
For further insights, visit:
Business with Brian, a channel dedicated to personal finance
Hedder, an expert-centric publisher of investment and financial 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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Hedder Money is a series dedicated to educating small business owners and individual investors on personal finance, investing, and savings. Through the automation of tasks traditionally performed by humans, John Deere's robots are freeing up farmers to focus on other essential aspects of managing their businesses. Each week, our money expert Brian Gornall, an ex-Amazon business leader and host of the video channel Business With Brian, shares his tips on how to be successful at personal finance and wealth management.
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They offer a wide range of products and services, including mobile computers, autonomous mobile robots, collaborative robots, and vision-guided robots. Hedder Money is a series dedicated to educating small business owners and individual investors on personal finance, investing, and savings. Each week, our money expert Brian Gornall, an ex-Amazon business leader and host of the video channel Business With Brian, shares his tips on how to be successful at personal finance and wealth management.
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Deere and Company is making significant investments in research and development for autonomous tractors, robotic harvesters, and robotic weeders. They offer a wide range of products and services, including mobile computers, autonomous mobile robots, collaborative robots, and vision-guided robots. Conclusion The world of robotics is brimming with potential, and keeping a keen eye on these top five robotic stocks could prove to be a prudent choice for those seeking to ride the wave of technological advancement and seize opportunities in the ever-evolving landscape of the robotic industry.
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That company is Deere and Company (DE), better known to many as John Deere. Deere and Company is making significant investments in research and development for autonomous tractors, robotic harvesters, and robotic weeders. Hedder Money is a series dedicated to educating small business owners and individual investors on personal finance, investing, and savings.
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cfca6e59-94d3-400a-b624-867006221d92
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720422.0
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2023-07-27 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-30
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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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391f20c0-8820-4825-b300-977ad33bea85
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720423.0
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2023-07-27 00:00:00 UTC
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Agco (AGCO) Tops Q2 Earnings and Revenue Estimates
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DE
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https://www.nasdaq.com/articles/agco-agco-tops-q2-earnings-and-revenue-estimates
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nan
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nan
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Agco (AGCO) came out with quarterly earnings of $4.29 per share, beating the Zacks Consensus Estimate of $3.72 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 15.32%. A quarter ago, it was expected that this farm equipment maker would post earnings of $2.64 per share when it actually produced earnings of $3.51, delivering a surprise of 32.95%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Agco, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $3.82 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 3.20%. This compares to year-ago revenues of $2.95 billion. The company has topped consensus revenue estimates three 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.
Agco shares have lost about 1.4% since the beginning of the year versus the S&P 500's gain of 18.9%.
What's Next for Agco?
While Agco 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 Agco: 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 $3.21 on $3.36 billion in revenues for the coming quarter and $14.54 on $14.5 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 22% 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 same industry, Deere (DE), is yet to report results for the quarter ended July 2023. The results are expected to be released on August 18.
This agricultural equipment manufacturer is expected to post quarterly earnings of $8.11 per share in its upcoming report, which represents a year-over-year change of +31.7%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Deere's revenues are expected to be $14.2 billion, up 9.3% from the year-ago quarter.
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AGCO Corporation (AGCO) : 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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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. A quarter ago, it was expected that this farm equipment maker would post earnings of $2.64 per share when it actually produced earnings of $3.51, delivering a surprise of 32.95%. Agco, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $3.82 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 3.20%.
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Agco, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $3.82 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 3.20%. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Click to get this free report AGCO Corporation (AGCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Agco, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $3.82 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 3.20%. Click to get this free report AGCO Corporation (AGCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. A quarter ago, it was expected that this farm equipment maker would post earnings of $2.64 per share when it actually produced earnings of $3.51, delivering a surprise of 32.95%.
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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. A quarter ago, it was expected that this farm equipment maker would post earnings of $2.64 per share when it actually produced earnings of $3.51, delivering a surprise of 32.95%. Agco, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $3.82 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 3.20%.
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720424.0
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2023-07-26 00:00:00 UTC
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PREVIEW-US machinery makers eye bumper earnings for now, but inventory glut looms
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DE
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https://www.nasdaq.com/articles/preview-us-machinery-makers-eye-bumper-earnings-for-now-but-inventory-glut-looms
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By Bianca Flowers
CHICAGO, July 26 (Reuters) - U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies cools, though second-quarter profit is expected to remain strong.
Equipment dealers have struggled to keep tractors and combines in stock due to strong demand and supply-chain snarls that have kept prices high and orders on backlog. They may soon face the opposite problem of having too much inventory as demand eases just as production picks up, industry experts said.
"We're watching this closely because we don't want to get ourselves to where there's an oversupply," said John Schmeiser, COO of North American Equipment Dealers Association (NAEDA), a trade group that represents independent dealers.
Machinery sitting idle on dealer lots could jeopardize manufacturers' margins next year.
In recent quarters, heavy equipment manufacturers including Deere & Co DE.N and Caterpillar CAT.N have handily beaten Wall Street earnings.
A slump for new orders from farmers and commercial customers should make machinery manufacturers more conservative with production, said Baird senior research analyst Mircea Dobre.
"If we continue to see these inventory increases, that essentially poses a risk for production in 2024."
Higher borrowing costs have also battered manufacturing, with the Institute for Supply Management reporting this month that its manufacturing PMI remained stuck below the 50 threshold in June for the eighth straight month. The downturn in new orders for machinery and equipment, which includes construction and farming, outpaced all other manufacturing industries, according to data by S&P Global.
But Caterpillar has touted resilient sales from mining customers and an increase in construction sales stemming from U.S. infrastructure spending. Deere and CNH Industrial CNHI.MI, which reports earnings on Friday, continue to see operating margins for precision and agriculture products trend upward as farmers look to cut costs on crop inputs, such as fertilizers and pesticide applicators.
While farmers' balance sheets remain relatively strong, economists at the Federal Reserve Bank of St. Louis are citing "profitability concerns" in the second half of the year for growers and the agriculture sector.
Caterpillar is expected to post second-quarter earnings next week of $2.37 billion, up 39.5% from a year ago. Its rival Deere is projected to post solid growth as well with net income of $2.39 billion, a nearly 32% increase from the prior year. Deere will report third-quarter results on Aug. 18.
(Reporting by Bianca Flowers in Chicago; Editing by Caroline Stauffer and Matthew Lewis)
((Bianca.Flowers@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Bianca Flowers CHICAGO, July 26 (Reuters) - U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies cools, though second-quarter profit is expected to remain strong. Deere and CNH Industrial CNHI.MI, which reports earnings on Friday, continue to see operating margins for precision and agriculture products trend upward as farmers look to cut costs on crop inputs, such as fertilizers and pesticide applicators. While farmers' balance sheets remain relatively strong, economists at the Federal Reserve Bank of St. Louis are citing "profitability concerns" in the second half of the year for growers and the agriculture sector.
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By Bianca Flowers CHICAGO, July 26 (Reuters) - U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies cools, though second-quarter profit is expected to remain strong. In recent quarters, heavy equipment manufacturers including Deere & Co DE.N and Caterpillar CAT.N have handily beaten Wall Street earnings. Deere and CNH Industrial CNHI.MI, which reports earnings on Friday, continue to see operating margins for precision and agriculture products trend upward as farmers look to cut costs on crop inputs, such as fertilizers and pesticide applicators.
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By Bianca Flowers CHICAGO, July 26 (Reuters) - U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies cools, though second-quarter profit is expected to remain strong. Deere and CNH Industrial CNHI.MI, which reports earnings on Friday, continue to see operating margins for precision and agriculture products trend upward as farmers look to cut costs on crop inputs, such as fertilizers and pesticide applicators. Equipment dealers have struggled to keep tractors and combines in stock due to strong demand and supply-chain snarls that have kept prices high and orders on backlog.
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By Bianca Flowers CHICAGO, July 26 (Reuters) - U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies cools, though second-quarter profit is expected to remain strong. The downturn in new orders for machinery and equipment, which includes construction and farming, outpaced all other manufacturing industries, according to data by S&P Global. Equipment dealers have struggled to keep tractors and combines in stock due to strong demand and supply-chain snarls that have kept prices high and orders on backlog.
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720425.0
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2023-07-26 00:00:00 UTC
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The Zacks Analyst Blog Highlights Toyota, Deere, Starbucks, AbbVie and DexCom
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-toyota-deere-starbucks-abbvie-and-dexcom
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For Immediate Release
Chicago, IL – July 26, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Toyota Motor Corp. TM, Deere & Co. DE, Starbucks Corp. SBUX, AbbVie Inc. ABBV and DexCom, Inc. DXCM.
Here are highlights from Tuesday’s Analyst Blog:
Q2 Earnings Season Scorecard and Analyst Reports for Toyota, Deere and Starbucks
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corp., Deere & Co. and Starbucks Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Q2 Earnings Season Scorecard
Including all the results that came out this morning, we now have Q2 results from 122 S&P 500 members or 24.4% of the index's total membership. Total earnings for these 122 index members are up +1.2% from the same period last year on +7.1% higher revenues, with 81.1% beating EPS estimates and 63.9% beating revenue estimates.
The +1.2% earnings growth pace for this group of 122 index members is the first positive year-over-year earnings growth after 5 back-to-back quarters of declines.
The 81.1% EPS beats percentage is not only above what we had seen from this group of 122 S&P 500 members in recent quarters but is also above the 5-year average of 78.7%. This is notable since Q2 estimates had suffered fewer negative revisions relative to other recent quarters.
Looking at Q2 as a whole, combining the actuals that have come out with estimates for the sitll to come companies, total earnings are expected to be down -10.4% from the same period last year on -0.4% lower revenues.
Excluding the Energy sector drag, Q2 earnings for the rest of the S&P 500 index would be down -4.6% on +3.3% higher revenues.
Today's Featured Analyst Reports
Toyota Motor shares have modestly outperformed the Zacks Automotive - Foreign industry over the past year (+7.0% vs. +5.3%). Continued demand for vehicles and robust product line-up is set to fuel sales volumes of Toyota. To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness.
The ratio of electrified vehicles sold to total sales in fiscal 2023 was 29.6% and the company expects the ratio to increase to 37% in fiscal 2024. It aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030 and expand global sales of BEVs to 3.5 million units a year by 2030.
The company plans to invest 4 trillion yen ($35 billion) for a line-up of 30 BEV by 2030. Its commitment to return capital to shareholders and upbeat fiscal 2024 view spark confidence. Thus, we are bullish on the stock.
(You can read the full research report on Toyota Motor here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+40.3% vs. +38.1%). The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results.
Demand for its construction equipment will likely benefit from anticipated growth in infrastructure investments in the United States. Even though inflated material and labor costs are anticipated to impact the company's margins, the company's effort to improve pricing will somewhat help offset this impact. 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 the rising worldwide infrastructure needs. The earnings estimate for 2023 has lately moved north.
(You can read the full research report on Deere here >>>)
Starbucks shares have outperformed the Zacks Retail - Restaurants industry over the past year (+30.7% vs. +23.6%). The company is benefiting from solid comps growth in all its operational segments along with impressive revenue recovery from China after COVID-19.
Improving customer experience with innovative new store designs and upgraded product offerings, and supply-chain efficiencies bode well for the company. Also, the company’s focus on product innovation and store growth adds to its growth. For fiscal 2023, the company expects consolidated revenues and global comparable store sales to be in the range of 10-12% and the high end of 7-9%, respectively, year over year.
However, earnings estimates for fiscal 2023 have moved south in the past 7 days. Increased expenses and inflation are major concerns to the company’s growth trend.
(You can read the full research report on Starbucks here >>>)
Other noteworthy reports we are featuring today include AbbVie Inc. and DexCom, Inc.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Toyota Motor Corporation (TM) : Free Stock Analysis Report
Starbucks Corporation (SBUX) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
AbbVie Inc. (ABBV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Toyota Motor Corp. TM, Deere & Co. DE, Starbucks Corp. SBUX, AbbVie Inc. ABBV and DexCom, Inc. DXCM. To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness. Here are highlights from Tuesday’s Analyst Blog: Q2 Earnings Season Scorecard and Analyst Reports for Toyota, Deere and Starbucks The Zacks Research Daily presents the best research output of our analyst team.
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Stocks recently featured in the blog include: Toyota Motor Corp. TM, Deere & Co. DE, Starbucks Corp. SBUX, AbbVie Inc. ABBV and DexCom, Inc. DXCM. Here are highlights from Tuesday’s Analyst Blog: Q2 Earnings Season Scorecard and Analyst Reports for Toyota, Deere and Starbucks The Zacks Research Daily presents the best research output of our analyst team. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corp., Deere & Co. and Starbucks Corp. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Toyota Motor Corp. TM, Deere & Co. DE, Starbucks Corp. SBUX, AbbVie Inc. ABBV and DexCom, Inc. DXCM.
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You can see all of today’s research reports here >>> Q2 Earnings Season Scorecard Including all the results that came out this morning, we now have Q2 results from 122 S&P 500 members or 24.4% of the index's total membership. Total earnings for these 122 index members are up +1.2% from the same period last year on +7.1% higher revenues, with 81.1% beating EPS estimates and 63.9% beating revenue estimates. Stocks recently featured in the blog include: Toyota Motor Corp. TM, Deere & Co. DE, Starbucks Corp. SBUX, AbbVie Inc. ABBV and DexCom, Inc. DXCM.
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81c41efb-e1e7-4b24-a9d2-1acc20cfbd11
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720426.0
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2023-07-25 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-3
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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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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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720427.0
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2023-07-25 00:00:00 UTC
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DA Davidson Maintains Deere (DE) Buy Recommendation
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DE
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https://www.nasdaq.com/articles/da-davidson-maintains-deere-de-buy-recommendation-0
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Fintel reports that on July 25, 2023, DA Davidson maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
Analyst Price Forecast Suggests 1.78% Upside
As of July 5, 2023, the average one-year price target for Deere is 450.47. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 1.78% from its latest reported closing price of 442.59.
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 will receive the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $442.59 / share, the stock's dividend yield is 1.13%.
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 0.41 (n=236).
The current dividend yield is 0.87 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 3235 funds or institutions reporting positions in Deere. This is a decrease of 2 owner(s) or 0.06% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.53%, an increase of 3.00%. Total shares owned by institutions increased in the last three months by 6.93% to 256,493K shares.
The put/call ratio of DE is 1.44, 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.
Ofi Invest Asset Management holds 9,392K shares representing 3.20% ownership of the company.
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.
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:
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
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 July 25, 2023, DA Davidson maintained coverage of Deere (NYSE:DE) with a Buy 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: 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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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. Additional reading: 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. Fintel reports that on July 25, 2023, DA Davidson maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
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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. Additional reading: 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. Fintel reports that on July 25, 2023, DA Davidson maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
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At the current share price of $442.59 / share, the stock's dividend yield is 1.13%. In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%.
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0d89f55f-bc7a-4f8e-b353-37fa28f35c91
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720428.0
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2023-07-25 00:00:00 UTC
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Q2 Earnings Season Scorecard and Analyst Reports for Toyota, Deere & Starbucks
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DE
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https://www.nasdaq.com/articles/q2-earnings-season-scorecard-and-analyst-reports-for-toyota-deere-starbucks
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Tuesday, July 25, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corporation (TM), Deere & Company (DE) and Starbucks Corporation (SBUX). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Q2 Earnings Season Scorecard
Including all the results that came out this morning, we now have Q2 results from 122 S&P 500 members or 24.4% of the index's total membership. Total earnings for these 122 index members are up +1.2% from the same period last year on +7.1% higher revenues, with 81.1% beating EPS estimates and 63.9% beating revenue estimates.
The +1.2% earnings growth pace for this group of 122 index members is the first positive year-over-year earnings growth after 5 back-to-back quarters of declines.
The 81.1% EPS beats percentage is not only above what we had seen from this group of 122 S&P 500 members in recent quarters but is also above the 5-year average of 78.7%. This is notable since Q2 estimates had suffered fewer negative revisions relative to other recent quarters.
Looking at Q2 as a whole, combining the actuals that have come out with estimates for the sitll to come companies, total earnings are expected to be down -10.4% from the same period last year on -0.4% lower revenues.
Excluding the Energy sector drag, Q2 earnings for the rest of the S&P 500 index would be down -4.6% on +3.3% higher revenues.
Today's Featured Analyst Reports
Toyota Motor shares have modestly outperformed the Zacks Automotive - Foreign industry over the past year (+7.0% vs. +5.3%). Continued demand for vehicles and robust product line-up is set to fuel sales volumes of Toyota. To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness.
The ratio of electrified vehicles sold to total sales in fiscal 2023 was 29.6% and the company expects the ratio to increase to 37% in fiscal 2024. It aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030 and expand global sales of BEVs to 3.5 million units a year by 2030.
The company plans to invest 4 trillion yen ($35 billion) for a line-up of 30 BEV by 2030. Its commitment to return capital to shareholders and upbeat fiscal 2024 view spark confidence. Thus, we are bullish on the stock.
(You can read the full research report on Toyota Motor here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+40.3% vs. +38.1%). The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results.
Demand for its construction equipment will likely benefit from anticipated growth in infrastructure investments in the United States. Even though inflated material and labor costs are anticipated to impact the company's margins, the company's effort to improve pricing will somewhat help offset this impact. 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 the rising worldwide infrastructure needs. The earnings estimate for 2023 has lately moved north.
(You can read the full research report on Deere here >>>)
Starbucks shares have outperformed the Zacks Retail - Restaurants industry over the past year (+30.7% vs. +23.6%). The company is benefiting from solid comps growth in all its operational segments along with impressive revenue recovery from China after COVID-19.
Improving customer experience with innovative new store designs and upgraded product offerings, and supply-chain efficiencies bode well for the company. Also, the company’s focus on product innovation and store growth adds to its growth. For fiscal 2023, the company expects consolidated revenues and global comparable store sales to be in the range of 10-12% and the high end of 7-9%, respectively, year over year.
However, earnings estimates for fiscal 2023 have moved south in the past 7 days. Increased expenses and inflation are major concerns to the company’s growth trend.
(You can read the full research report on Starbucks here >>>)
Other noteworthy reports we are featuring today include AbbVie Inc. (ABBV), Equinor ASA (EQNR) and DexCom, Inc. (DXCM).
Director of Research
Sheraz Mian
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Toyota Motor's (TM) Prospects Solid on Electrification Push
Deere (DE) Gains from Strong Demand and Strategic Actions
Store & Comps Growth Aid Starbucks (SBUX), High Cost Ail
Featured Reports
AbbVie's (ABBV) Skyrizi, Rinvoq Key to Long-Term Growth
The Zacks analyst says that AbbVie's new drugs, Skyrizi and Rinvoq, are going strong bolstered by approvals in new indications. They can drive the top-line and make up for lost Humira sales.
Equinor (EQNR) to Benefit From Rising Clean Energy Demand
The Zacks analyst is impressed by Equinor's massive investments in renewable projects, comprising solar and wind energy. With this, the company can capitalize on the rising clean energy demand.
Strong Product Portfolio Aids DexCom (DXCM) Fight Competition
Per the Zacks analyst, DexCom strong product portfolio targeting the large and growing diabetes market is helping the company fight intensifying competition with entry new competing products.
Strong Renewal Rate Change, Retention Aid Travelers (TRV)
Per the Zacks analyst, Travelers is set to gain from continued strong renewal rate change and retention and increase in new business. Yet, exposure to cat loss inducing underwriting volatility ails.
Verisk (VRSK) Gains From Opta Buyout, Operational Risks Stay
Per the Zacks analyst, the Opta acquisition has expanded Verisk's footprint in the Canadian market. Chances of security breach remains as a concern.
Investment Aid Edison International (EIX), Financial Ail
Per the Zacks Analyst, Edison International's systematic capital investment strategy plan is likely to boost its growth in the long-term. However, company's weak financials remains a bottleneck.
Wix.com (WIX) Benefits From Diversified Product Portfolio
Per the Zacks analyst, Wix's performance is gaining from robust uptake of Wix Editor and other new e-commerce applications. Increasing partner revenues and B2B partnerships are tailwinds.
New Upgrades
Robust Live Events Demand Aid Live Nation Entertainment (LYV)
Per the Zacks analyst, Live Nation is likely to benefit from pent-up demand for live events, solid ticket sales and sponsorship business. Also, focus on strengthening of client base bode well.
Expanding Diagnosis & Treatment Portfolio Aids Philips (PHG)
Per the Zacks analyst, Philips continues to benefit from growing Diagnosis & Treatment business on the back of partnerships, expanding geographical coverage and innovative solutions.
Post Holdings (POST) Benefits from Solid Foodservice Segment
Per the Zacks analyst, Post Holdings is benefiting from strength in the Foodservice business. During the second quarter of fiscal 2023, Foodservice sales increased 40.1% to $633.2 million.
New Downgrades
High Costs & Rising Rates Hurt Pool Corp (POOL) Prospects
Per the Zacks analyst, Pool Corp has been negatively impacted by inflationary costs, weather-related constraints and high interest rates. Also fall in new pool construction activity remains a concern.
J.B. Hunt (JBHT) Grapples With Challenging Freight Market
Per the Zacks Analyst, lower revenues across all the business segments, mainly due to a combination of lower volume and customer rates, hurt J.B. Hunt's second-quarter 2023 results.
High Costs & Loan Concentration to Hurt U.S. Bancorp (USB)
Per the Zacks analyst, U.S. Bancorp's high costs due to high integration expenses is likely to limit bottom-line growth. Also, commercial loan concentration are concerning.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Toyota Motor Corporation (TM) : Free Stock Analysis Report
Starbucks Corporation (SBUX) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
AbbVie Inc. (ABBV) : Free Stock Analysis Report
Equinor ASA (EQNR) : 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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Today's Featured Analyst Reports Toyota Motor shares have modestly outperformed the Zacks Automotive - Foreign industry over the past year (+7.0% vs. +5.3%). To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Toyota Motor's (TM) Prospects Solid on Electrification Push Deere (DE) Gains from Strong Demand and Strategic Actions Store & Comps Growth Aid Starbucks (SBUX), High Cost Ail Featured Reports AbbVie's (ABBV) Skyrizi, Rinvoq Key to Long-Term Growth The Zacks analyst says that AbbVie's new drugs, Skyrizi and Rinvoq, are going strong bolstered by approvals in new indications.
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Today's Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corporation (TM), Deere & Company (DE) and Starbucks Corporation (SBUX). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Toyota Motor's (TM) Prospects Solid on Electrification Push Deere (DE) Gains from Strong Demand and Strategic Actions Store & Comps Growth Aid Starbucks (SBUX), High Cost Ail Featured Reports AbbVie's (ABBV) Skyrizi, Rinvoq Key to Long-Term Growth The Zacks analyst says that AbbVie's new drugs, Skyrizi and Rinvoq, are going strong bolstered by approvals in new indications. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Equinor ASA (EQNR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corporation (TM), Deere & Company (DE) and Starbucks Corporation (SBUX). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Toyota Motor's (TM) Prospects Solid on Electrification Push Deere (DE) Gains from Strong Demand and Strategic Actions Store & Comps Growth Aid Starbucks (SBUX), High Cost Ail Featured Reports AbbVie's (ABBV) Skyrizi, Rinvoq Key to Long-Term Growth The Zacks analyst says that AbbVie's new drugs, Skyrizi and Rinvoq, are going strong bolstered by approvals in new indications. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Equinor ASA (EQNR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Strong Product Portfolio Aids DexCom (DXCM) Fight Competition Per the Zacks analyst, DexCom strong product portfolio targeting the large and growing diabetes market is helping the company fight intensifying competition with entry new competing products. Today's Research Daily features a real-time update on the ongoing Q2 earnings season and new research reports on 16 major stocks, including Toyota Motor Corporation (TM), Deere & Company (DE) and Starbucks Corporation (SBUX). You can see all of today’s research reports here >>> Q2 Earnings Season Scorecard Including all the results that came out this morning, we now have Q2 results from 122 S&P 500 members or 24.4% of the index's total membership.
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a40ea576-e777-4e80-8bb1-9ff4286fb42b
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720429.0
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2023-07-25 00:00:00 UTC
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Why Investors Need to Take Advantage of These 2 Industrial Products Stocks Now
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DE
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https://www.nasdaq.com/articles/why-investors-need-to-take-advantage-of-these-2-industrial-products-stocks-now-2
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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, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Deere?
The final step today is to look at a stock that meets our ESP qualifications. Deere (DE) earns a #1 (Strong Buy) 24 days from its next quarterly earnings release on August 18, 2023, and its Most Accurate Estimate comes in at $8.16 a share.
By taking the percentage difference between the $8.16 Most Accurate Estimate and the $8.12 Zacks Consensus Estimate, Deere has an Earnings ESP of +0.56%. 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 part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Terex (TEX) as well.
Terex is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on August 1, 2023. TEX's Most Accurate Estimate sits at $1.64 a share seven days from its next earnings release.
For Terex, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.61 is +2.14%.
DE and TEX'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 >>
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
Terex Corporation (TEX) : 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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DE is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Terex (TEX) as well. 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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Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Terex Corporation (TEX) : 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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Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. 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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Deere (DE) earns a #1 (Strong Buy) 24 days from its next quarterly earnings release on August 18, 2023, and its Most Accurate Estimate comes in at $8.16 a share. 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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d92e015c-b0d1-4f7e-a22f-8a7b5e96fcb4
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720430.0
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2023-07-25 00:00:00 UTC
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See Which Of The Latest 13F Filers Holds Deere & Co.
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DE
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https://www.nasdaq.com/articles/see-which-of-the-latest-13f-filers-holds-deere-co.-3
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nan
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2023 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in DE positions, for this latest batch of 13F filers:
FUND NEW POSITION? CHANGE IN SHARE COUNT CHANGE IN MARKET VALUE ($ IN 1000'S)
IQ EQ FUND MANAGEMENT IRELAND Ltd Existing -1,562 -$758
Creative Capital Management Investments LLC Existing UNCH -$1
Sanctuary Wealth Management L.L.C. NEW +29 +$12
Silvant Capital Management LLC Existing +311 +$88
UMB Bank n.a. Existing -59,080 -$24,807
Prosperity Consulting Group LLC Existing +1 -$5
Homestead Advisers Corp Existing +800 -$1,060
Chevy Chase Trust Holdings LLC Existing -1,984 -$2,020
Roman Butler Fullerton & Co. Existing -2,131 -$764
Graphene Investments SAS Existing UNCH -$59
DekaBank Deutsche Girozentrale Existing +202,233 +$81,887
Abacus Wealth Partners LLC Existing -5 +$14
Aggregate Change: +138,612 +$52,527
In terms of shares owned, we count 4 of the above funds having increased existing DE positions from 03/31/2023 to 06/30/2023, with 5 having decreased their positions and 1 new position. Worth noting is that Morton Brown Family Wealth LLC, included in this recent batch of 13F filers, exited DE common stock as of 06/30/2023.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the DE share count in the aggregate among all of the funds which held DE at the 06/30/2023 reporting period (out of the 1,567 we looked at in total). We then compared that number to the sum total of DE shares those same funds held back at the 03/31/2023 period, to see how the aggregate share count held by hedge funds has moved for DE. We found that between these two periods, funds increased their holdings by 500,267 shares in the aggregate, from 8,191,866 up to 8,692,133 for a share count increase of approximately 6.11%. The overall top three funds holding DE on 06/30/2023 were:
» FUND SHARES OF DE HELD
1. Rothschild & Co Wealth Management UK Ltd 1,133,395
2. Altshuler Shaham Ltd 936,581
3. Nordea Investment Management AB 852,463
4-10 Find out the full Top 10 Hedge Funds Holding DE »
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Deere & Co. (Symbol: DE).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
MIR Stock Predictions
AOMR Stock Predictions
ETFs Holding CLFD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2023 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 12 of these funds. Worth noting is that Morton Brown Family Wealth LLC, included in this recent batch of 13F filers, exited DE common stock as of 06/30/2023. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Deere & Co. (Symbol: DE).
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Existing -2,131 -$764 Graphene Investments SAS Existing UNCH -$59 DekaBank Deutsche Girozentrale Existing +202,233 +$81,887 Abacus Wealth Partners LLC Existing -5 +$14 Aggregate Change: +138,612 +$52,527 In terms of shares owned, we count 4 of the above funds having increased existing DE positions from 03/31/2023 to 06/30/2023, with 5 having decreased their positions and 1 new position. Nordea Investment Management AB 852,463 4-10 Find out the full Top 10 Hedge Funds Holding DE » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2023 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 12 of these funds.
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Existing -2,131 -$764 Graphene Investments SAS Existing UNCH -$59 DekaBank Deutsche Girozentrale Existing +202,233 +$81,887 Abacus Wealth Partners LLC Existing -5 +$14 Aggregate Change: +138,612 +$52,527 In terms of shares owned, we count 4 of the above funds having increased existing DE positions from 03/31/2023 to 06/30/2023, with 5 having decreased their positions and 1 new position. We then compared that number to the sum total of DE shares those same funds held back at the 03/31/2023 period, to see how the aggregate share count held by hedge funds has moved for DE. Nordea Investment Management AB 852,463 4-10 Find out the full Top 10 Hedge Funds Holding DE » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods.
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2023 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 12 of these funds. Nordea Investment Management AB 852,463 4-10 Find out the full Top 10 Hedge Funds Holding DE » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
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9daaa604-7927-4ee5-ba74-27e5e0bf107a
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720431.0
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2023-07-24 00:00:00 UTC
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The World Is Running Out of Wheat. These 3 Agriculture Stocks Will Benefit.
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DE
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https://www.nasdaq.com/articles/the-world-is-running-out-of-wheat.-these-3-agriculture-stocks-will-benefit.
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Amid a major crisis fueling concerns about global food security, investing in agriculture stocks – while perhaps cynical – almost invariably present a hedge against market uncertainty. As the Council on Foreign Relations mentioned, Russia killed the Black Sea Grain Initiative, a deal that saw Russia easing its military blockade of Ukraine’s Black Sea ports. The deal was critical in exporting Ukrainian grain, oilseed, and fertilizer.
Brokered by the United Nations and Turkey, the deal represented a tiny bright spot in an otherwise horrific conflict. While talks are ongoing to get the deal back on track, Russia’s invasion of Ukraine – and the subsequent wave of support by Western allies – complicates matters. For now, the world faces an artificial wheat shortage, which will likely bolster the best agriculture stocks.
Again, it’s a cynical framework. However, outside observers must also understand that the Russian government has callously exercised cynicism to weaken support for Ukraine. Essentially holding critical commodities hostage is part and parcel of the Kremlin’s game plan. Therefore, the ugly reality of the situation dictates at least consideration of wheat shortage stocks.
Agriculture Stocks: Bunge (BG)
Source: JHVEPhoto/ShutterStock.com
Headquartered in St. Louis, Missouri, Bunge (NYSE:BG) is an agribusiness and food company. According to its public profile, beyond its international soybean export business, Bunge specializes in food processing, grain trading, and fertilizer. Since the start of the year, BG moved up alongside many other names for best agriculture stocks, gaining nearly 10%. Most of the enthusiasm came within the past 30 days.
Financially, Bunge benefits from a pertinent business profile that yields a three-year revenue growth rate (per-share basis) of 14.7%. This stat ranks better than nearly 74% of companies listed in the consumer packaged goods industry. Also, it printed nine years of profitability in the trailing decade.
Despite being one of the wheat shortage stocks rising from the largely artificial crisis, the market prices BG at forward earnings multiple of 9.29. In sharp contrast, the sector median stat comes in at a much loftier 16.61x.
Finally, while it’s not the most generous source of passive income, Bunge carries a forward yield of 2.53%. Overall, BG deserves consideration for those investing in agriculture stocks.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
Though not a direct player among the best agriculture stocks, Deere (NYSE:DE) as a manufacturer of agricultural machinery and heavy equipment deserves careful consideration. Crisis or not, Deere represents an important cog in the broader food supply chain and infrastructure. However, it may be a key beneficiary of recent geopolitical events.
At the end of May of this year, DE was printing a year-to-date loss. However, in the trailing one-month period, DE gained slightly over 8%. Overall, shares have returned 3% since the January opener. It’s not exactly impressive but it’s a lot better than being underwater.
For astute investors of stocks benefitting from wheat shortage cycles, Deere offers an intriguing idea. Presently, the company prints a three-year revenue growth rate of 11.8%, above nearly 68% of the competition. Also, it’s consistently profitable, posting a strong trailing-year net margin of 15.25%.
Analysts also peg DE as one of the best agriculture stocks, rating it a consensus moderate buy. The high side price target clocks in at $530, implying over 21% upside potential.
Adecoagro (AGRO)
Source: Shutterstock
Another high-flying example for those investing in agriculture stocks, Adecoagro (NYSE:AGRO) is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation. Since the start of the year, AGRO gained almost 42%, an impressive tally. In the trailing one-year period, shares moved up just over 37%.
On the surface level, AGRO seems well overheated. However, the company trades at a price/earnings-to-growth (PEG) ratio of 0.77X. In contrast, the sector median stat stands at a loftier 1.74X. Also, the market prices Adecoagro at a tangible book multiple of 1.02. This stat comes in lower than 68.7% of its peers, again incentivizing a speculative shot.
Interestingly, the company carries a forward yield of 3.04%, which is quite attractive. Also, with a payout ratio sitting at 31.92%, investors have confidence in yield sustainability. However, analysts only peg AGRO as a hold. Their average price target is only $11.50, implying under 8% upside potential.
On the date of publication, Josh Enomoto 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.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
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The post The World Is Running Out of Wheat. These 3 Agriculture Stocks Will Benefit. 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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While talks are ongoing to get the deal back on track, Russia’s invasion of Ukraine – and the subsequent wave of support by Western allies – complicates matters. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As the Council on Foreign Relations mentioned, Russia killed the Black Sea Grain Initiative, a deal that saw Russia easing its military blockade of Ukraine’s Black Sea ports.
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As the Council on Foreign Relations mentioned, Russia killed the Black Sea Grain Initiative, a deal that saw Russia easing its military blockade of Ukraine’s Black Sea ports. The deal was critical in exporting Ukrainian grain, oilseed, and fertilizer. Brokered by the United Nations and Turkey, the deal represented a tiny bright spot in an otherwise horrific conflict.
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Deere (DE) Source: Jim Lambert / Shutterstock.com Though not a direct player among the best agriculture stocks, Deere (NYSE:DE) as a manufacturer of agricultural machinery and heavy equipment deserves careful consideration. Adecoagro (AGRO) Source: Shutterstock Another high-flying example for those investing in agriculture stocks, Adecoagro (NYSE:AGRO) is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation. As the Council on Foreign Relations mentioned, Russia killed the Black Sea Grain Initiative, a deal that saw Russia easing its military blockade of Ukraine’s Black Sea ports.
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As the Council on Foreign Relations mentioned, Russia killed the Black Sea Grain Initiative, a deal that saw Russia easing its military blockade of Ukraine’s Black Sea ports. The deal was critical in exporting Ukrainian grain, oilseed, and fertilizer. Brokered by the United Nations and Turkey, the deal represented a tiny bright spot in an otherwise horrific conflict.
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3cddc62d-ae79-4e1b-96e9-15ad0871990b
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720432.0
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2023-07-23 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-29
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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
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. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield 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.
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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 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. 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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e6a1bacd-7080-43eb-af77-9388aecc0ef1
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720433.0
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2023-07-21 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-7
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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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1ea6eaff-b290-411a-952d-f5e71867cef6
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720434.0
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2023-07-20 00:00:00 UTC
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Notable Thursday Option Activity: DE, BMBL, AN
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DE
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-de-bmbl-an
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 8,961 contracts have traded so far, representing approximately 896,100 underlying shares. That amounts to about 63.4% of DE's average daily trading volume over the past month of 1.4 million shares. Particularly high volume was seen for the $445 strike call option expiring July 21, 2023, with 860 contracts trading so far today, representing approximately 86,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $445 strike highlighted in orange:
Bumble Inc (Symbol: BMBL) options are showing a volume of 15,080 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 61.4% of BMBL's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $15 strike put option expiring August 18, 2023, with 14,049 contracts trading so far today, representing approximately 1.4 million underlying shares of BMBL. Below is a chart showing BMBL's trailing twelve month trading history, with the $15 strike highlighted in orange:
And AutoNation, Inc. (Symbol: AN) options are showing a volume of 3,626 contracts thus far today. That number of contracts represents approximately 362,600 underlying shares, working out to a sizeable 60.2% of AN's average daily trading volume over the past month, of 602,525 shares. Especially high volume was seen for the $175 strike put option expiring August 18, 2023, with 2,256 contracts trading so far today, representing approximately 225,600 underlying shares of AN. Below is a chart showing AN's trailing twelve month trading history, with the $175 strike highlighted in orange:
For the various different available expirations for DE options, BMBL options, or AN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
BLDE Stock Predictions
MHH Split History
NEON Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $445 strike call option expiring July 21, 2023, with 860 contracts trading so far today, representing approximately 86,000 underlying shares of DE. Particularly high volume was seen for the $15 strike put option expiring August 18, 2023, with 14,049 contracts trading so far today, representing approximately 1.4 million underlying shares of BMBL. Especially high volume was seen for the $175 strike put option expiring August 18, 2023, with 2,256 contracts trading so far today, representing approximately 225,600 underlying shares of AN.
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Below is a chart showing DE's trailing twelve month trading history, with the $445 strike highlighted in orange: Bumble Inc (Symbol: BMBL) options are showing a volume of 15,080 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 61.4% of BMBL's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $15 strike put option expiring August 18, 2023, with 14,049 contracts trading so far today, representing approximately 1.4 million underlying shares of BMBL.
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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 8,961 contracts have traded so far, representing approximately 896,100 underlying shares. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 61.4% of BMBL's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $15 strike put option expiring August 18, 2023, with 14,049 contracts trading so far today, representing approximately 1.4 million underlying shares of BMBL.
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Particularly high volume was seen for the $445 strike call option expiring July 21, 2023, with 860 contracts trading so far today, representing approximately 86,000 underlying shares of DE. Particularly high volume was seen for the $15 strike put option expiring August 18, 2023, with 14,049 contracts trading so far today, representing approximately 1.4 million underlying shares of BMBL. Below is a chart showing AN's trailing twelve month trading history, with the $175 strike highlighted in orange: For the various different available expirations for DE options, BMBL options, or AN options, visit StockOptionsChannel.com.
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5b807896-4dfd-4663-af91-ae646420805d
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720435.0
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2023-07-19 00:00:00 UTC
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Deere (DE) Benefits From Strong Demand Despite Cost Headwinds
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DE
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https://www.nasdaq.com/articles/deere-de-benefits-from-strong-demand-despite-cost-headwinds
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nan
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nan
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Deere & Company DE has been gaining from strong replacement demand and need for its construction equipment despite persistent elevated costs and supply-chain challenges plaguing the industry at large.
The company's effort to improve pricing is also aiding growth. Product launches, equipped with the latest technology to make farming automated, will continue to provide Deere with an edge over its competitors.
Shares of this Zacks Rank #2 (Buy) company have gained 38.5% in the past year compared with the industry’s growth of 36.4%.
Image Source: Zacks Investment Research
Solid Demand to Drive Top-line Growth
Deere’s order books are already filled till the fourth quarter of fiscal 2023. This reflects improved market demand. Also, replacing aging equipment will support Deere’s top-line performance.
Backed by its solid performance in the fiscal second quarter, Deere expects net income for fiscal 2023 between $9.25 billion and $9.50 billion.
Strong Segmental Performance to Drive Results
In the United States and Canada, industry sales for construction and compact construction equipment are expected to be flat to up 5% in fiscal 2023. Sales for the Construction & Forestry segment are projected to be up 10-15% in fiscal 2023 and the operating margin is likely to be 18-19% in fiscal 2023.
End markets are expected to be steady as oil and gas, U.S. infrastructure spending and capital expenditure programs from the independent rental companies offset a moderation in the residential sector.
With the U.S. Infrastructure Investment and Jobs Act earmarking $110 billion to fund road repairs and other transformational projects over the next five years, this represents a massive opportunity for the Construction & Forestry segment.
The Production and Precision Agriculture segment’s sales are expected to be up 20% in fiscal 2023 on positive price/cost. The segment’s operating margin is expected between 25% and 26%, indicating a solid financial performance across various geographical regions.
The Small Agriculture and Turf segment’s net sales are expected to be up flat to up 5%, while its operating margin is forecast between 13.5% and 16.5% for fiscal 2023.
Deere will benefit in the long run from rapid growth in global population and income, as well as rising worldwide infrastructure and food consumption needs.
Positive Farm Fundamentals Bode Well
The USDA (U.S. Department of Agriculture) projects net farm income at $136.9 billion for 2023, suggesting a 15.9% dip from that reported in 2022. The decline is mainly due to elevated production expenses and lower direct government payments. Nevertheless, despite this decline, net farm income in 2023 will be 26.6% above the 20-year average (2002-2021) of $108.1 billion in inflation-adjusted dollars.
Farm size has been on the rise in the United States, which requires more laborers. Given the escalation in labor costs, farmers are resorting to farming equipment to replace labor. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027. This bodes well for Deere.
Innovations and Expansions to Enhance Growth
Deere is well-poised for growth over the long term, backed by steady investments in new products and geographies. The company will benefit from a concerted focus on launching products with advanced technologies and features, which gives it a competitive advantage.
It remains focused on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process. Through the effective use of technology, customers can achieve improved profitability, productivity and sustainability.
Elevated Costs & Supply Issues Remain Headwinds
Deere has been affected by rising material, labor and logistical costs. The company reported a 20.3% jump in its cost of goods sold in the second quarter of fiscal 2023. This is likely to persist in the upcoming quarter.
Also, supply-chain issues led to delays in the deliveries of some parts, causing partially completed machinery to stack up at assembly plants as the company waited for the parts to arrive. This resulted in factories becoming less efficient lately. Consequently, overhead spend has been high. Higher SG&A and R&D spend is also weighing on margins.
Meanwhile, Deere is assessing its cost structure by reviewing organization efficiency and footprint assessment, which, in turn, will help improve margins. Its price realization action is expected to offset higher material and freight costs.
Other Stocks to Consider
Some other top-ranked stocks from the Industrial Products sector are Worthington Industries, Inc. WOR, The Manitowoc Company, Inc. MTW, and W.W. Grainger, Inc. GWW. WOR and MTW flaunt a Zacks Rank #1 (Strong Buy) at present, and GWW has a Zacks Rank #2. 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 north by 22.6% in the past 60 days. Its shares gained 57.9% in the last year.
Manitowoc has an average trailing four-quarter earnings surprise of 256.3%. The Zacks Consensus Estimate for MTW’s 2023 earnings is pegged at $1.12 per share. The consensus estimate for 2023 earnings has moved 7.8% north in the past 60 days. MTW’s shares gained 88.3% in the last year.
The Zacks Consensus Estimate for Grainger’s 2023 earnings per share is pegged at $35.86, up 1% in the past 60 days. It has a trailing four-quarter average earnings surprise of 9.1%. GWW gained 68.4% in the last year.
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The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
Worthington Industries, Inc. (WOR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : 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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Image Source: Zacks Investment Research Solid Demand to Drive Top-line Growth Deere’s order books are already filled till the fourth quarter of fiscal 2023. End markets are expected to be steady as oil and gas, U.S. infrastructure spending and capital expenditure programs from the independent rental companies offset a moderation in the residential sector. Deere & Company DE has been gaining from strong replacement demand and need for its construction equipment despite persistent elevated costs and supply-chain challenges plaguing the industry at large.
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Image Source: Zacks Investment Research Solid Demand to Drive Top-line Growth Deere’s order books are already filled till the fourth quarter of fiscal 2023. Other Stocks to Consider Some other top-ranked stocks from the Industrial Products sector are Worthington Industries, Inc. WOR, The Manitowoc Company, Inc. MTW, and W.W. Grainger, Inc. GWW. Click to get this free report The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report Worthington Industries, Inc. (WOR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Backed by its solid performance in the fiscal second quarter, Deere expects net income for fiscal 2023 between $9.25 billion and $9.50 billion. Other Stocks to Consider Some other top-ranked stocks from the Industrial Products sector are Worthington Industries, Inc. WOR, The Manitowoc Company, Inc. MTW, and W.W. Grainger, Inc. GWW. Click to get this free report The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report Worthington Industries, Inc. (WOR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Backed by its solid performance in the fiscal second quarter, Deere expects net income for fiscal 2023 between $9.25 billion and $9.50 billion. Deere & Company DE has been gaining from strong replacement demand and need for its construction equipment despite persistent elevated costs and supply-chain challenges plaguing the industry at large. 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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e3b8a1cb-026c-4c03-9fb6-3f81dc5715ef
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720436.0
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2023-07-19 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-2
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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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e73a6948-26b8-4122-9a5e-a4041369c321
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720437.0
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2023-07-19 00:00:00 UTC
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Why Deere (DE) is a Top 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-stock-for-the-long-term-0
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It 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 like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Deere (DE)
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 72nd-largest company in the S&P 500 Index with a market capitalization of around $125 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, a #2 (Buy) stock, was added to the Focus List on July 25, 2017 at $126.55 per share. Since then, shares have increased 241.02% to $431.56.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.86 to $31.85. DE boasts an average earnings surprise of 7.2%.
Earnings for DE are forecasted to see growth of 36.8% for the current fiscal year as well.
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Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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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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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You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List.
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All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
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All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
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All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
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ec572c42-6cf6-43b3-a6b0-c587fd431c20
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720438.0
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2023-07-18 00:00:00 UTC
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3 Robotics Stocks to Catapult You into the Millionaires’ Club
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DE
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https://www.nasdaq.com/articles/3-robotics-stocks-to-catapult-you-into-the-millionaires-club
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Delving into the realm of robotics makes investing in the future more exciting than ever. The story of the new age is intricately woven around artificial intelligence and robotics, and this sector presents high return possibilities, making certain robotics stocks potential millionaire makers. Robotic advancements are revolutionizing how we interact with the world, from assembly line bots to intricate medical devices.
With the burgeoning promise and relentless progress in this field, many investors are keenly eyeing top robotics stocks. It’s almost like you can touch the future with every dollar you invest in these technological marvels.
Let’s explore the fascinating world of high-return robotics stocks and why they might be the perfect addition to your future-oriented investment portfolio.
Disney (DIS)
Source: nikkimeel / Shutterstock.com
While Disney (NYSE:DIS) might not be the first name to pop in your mind when considering top robotics stocks, it’s high time you revised your playbook. Despite falling 5% over the past month, the media behemoth has been quietly crafting a distinct space in the robotics sector.
In fact, Disney’s Q2 2023 earnings report belies its recent downturn, revealing a 170% year-over-year increase in net income. Furthermore, Disney isn’t merely tiptoeing around robotics. At the recent SXSW 2023 event in Austin, Texas, the company showcased a new autonomous robot prototype earmarked for deployment across its amusement parks. This venture potentially positions Disney as a dark horse in the race of millionaire-maker robotics stocks.
So, investors seeking high-return robotics stocks might want to consider a magical turn toward Disney. After all, it’s offering an enchanting ride into the future of robotics.
Amazon (AMZN)
Source: Sundry Photography / Shutterstock.com
If there’s a shining star in the robotics stocks constellation, it’s undoubtedly Amazon (NASDAQ:AMZN). With a robust YTD return of 55%, it clearly understands the art of transforming abstract ideas into tangible profits.
Furthermore, its recent Q1 earnings report for 2023 affirmed Amazon’s prowess. It was driven by a 9% revenue increase to $127.4 billion and an impressive 182% leap in net income. Consequently, Amazon doesn’t just play in the high-return robotics stocks league — it dominates it.
The secret weapon behind its success? Amazon Robotics. Bolstered by the incredible reach of 200 million Prime members, this subsidiary employs the Amazon Robotic Drive Unit for efficient movement and storage of goods.
Crafting its success story with the ink of innovation, Amazon is a potent player in the realm of top robotics stocks. In addition, its potential growth trajectory is compelling, making it a stock worth considering for those investing in the ever-evolving world of robotics.
Deere & Company (DE)
Source: mark stephens photography / Shutterstock.com
Last but not least on this list, you can’t miss Deere & Company (NYSE:DE). Underneath its veneer of a classic American brand known for farming, construction, and forestry, thrives a potentially high return robotics stock.
Yet, it’s precisely this confluence of old and new that makes Deere & Company intriguing. Beyond tractors and earthmovers, Deere & Company’s forte now extends to robotics, underpinning its impressive earnings performance.
The 30% year-over-year revenue uptick in the latest quarterly results isn’t by accident. It results from a meticulous transition into high-tech spaces.
Looking ahead, Deere & Company offers a compelling vision for the future. The company projects its net income for 2023 to fall between $9.25 billion and $9.5 billion, a substantial climb from the $7.1 billion achieved in 2022. This confidence is hinged on its ongoing innovation in the realm of robotics. By harnessing this technology, Deere & Company aims to transform sectors like farming and construction, increasing efficiency while reducing labor intensity.
The company’s foresight in its financial forecast is more than numbers on a ledger. It’s a bold declaration of intent, charting a path where tradition intertwines with technology. Thus, investing in Deere & Company could be seen as a bet on a technologically empowered future for these age-old industries.
On the publication date, Faizan Farooque did not hold (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.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
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The post 3 Robotics Stocks to Catapult You into the Millionaires’ Club 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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Underneath its veneer of a classic American brand known for farming, construction, and forestry, thrives a potentially high return robotics stock. The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Robotics Stocks to Catapult You into the Millionaires’ Club appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delving into the realm of robotics makes investing in the future more exciting than ever.
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Underneath its veneer of a classic American brand known for farming, construction, and forestry, thrives a potentially high return robotics stock. By harnessing this technology, Deere & Company aims to transform sectors like farming and construction, increasing efficiency while reducing labor intensity. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delving into the realm of robotics makes investing in the future more exciting than ever.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delving into the realm of robotics makes investing in the future more exciting than ever. The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Robotics Stocks to Catapult You into the Millionaires’ Club appeared first on InvestorPlace. Robotic advancements are revolutionizing how we interact with the world, from assembly line bots to intricate medical devices.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delving into the realm of robotics makes investing in the future more exciting than ever. So, investors seeking high-return robotics stocks might want to consider a magical turn toward Disney. Deere & Company (DE) Source: mark stephens photography / Shutterstock.com Last but not least on this list, you can’t miss Deere & Company (NYSE:DE).
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b18b9339-6087-4784-beb4-e5b46e1abcb0
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720439.0
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2023-07-18 00:00:00 UTC
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Best Dividend Stocks to Buy: 3M vs. Deere
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https://www.nasdaq.com/articles/best-dividend-stocks-to-buy%3A-3m-vs.-deere
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Fool.com contributor Parkev Tatevosian compares 3M (NYSE: MMM) and Deere (NYSE: DE) to answer which is the better dividend stock to buy for passive income investors.
*Stock prices used were the afternoon prices of July 15, 2023. The video was published on July 17, 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 July 17, 2023
Parkev Tatevosian, CFA has positions in 3M. The Motley Fool recommends 3M and 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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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 3M (NYSE: MMM) and Deere (NYSE: DE) to answer which is the better dividend stock to buy for passive income investors. The video was published on July 17, 2023.
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Fool.com contributor Parkev Tatevosian compares 3M (NYSE: MMM) and Deere (NYSE: DE) to answer which is the better dividend stock to buy for passive income investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on July 17, 2023.
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Fool.com contributor Parkev Tatevosian compares 3M (NYSE: MMM) and Deere (NYSE: DE) to answer which is the better dividend stock to buy for passive income investors. 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen. The video was published on July 17, 2023.
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The Motley Fool recommends 3M and Deere. Fool.com contributor Parkev Tatevosian compares 3M (NYSE: MMM) and Deere (NYSE: DE) to answer which is the better dividend stock to buy for passive income investors. The video was published on July 17, 2023.
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3908629f-4cf1-403b-8855-2072afc0b5ce
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720440.0
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2023-07-16 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-28
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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
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. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield 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.
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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 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. 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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35de44b6-4b96-4428-9a3e-4c1bf7010e2c
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720441.0
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2023-07-14 00:00:00 UTC
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My Top 17 Stocks to Buy for the Second Half of 2023
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https://www.nasdaq.com/articles/my-top-17-stocks-to-buy-for-the-second-half-of-2023
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Fool.com contributor Parkev Tatevosian updates his portfolio with several stocks that fell off the list after rising significantly in the first half of the year.
*Stock prices used were the afternoon prices of July 12, 2023. The video was published on July 14, 2023.
10 stocks we like better than Microsoft
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of July 10, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in 3M, Alphabet, Chegg, Mastercard, PayPal, Starbucks, Visa, and Walt Disney and has the following options: long January 2024 $105 calls on Walt Disney. The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, DocuSign, Domino's Pizza, Etsy, Fiverr International, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, PayPal, Salesforce, Starbucks, StoneCo, Target, Visa, and Walt Disney. The Motley Fool recommends 3M, Chegg, Deere, and eBay and recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2024 $420 calls on Adobe, long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, long January 2025 $47.50 calls on Nike, short January 2024 $155 calls on Walt Disney, short January 2024 $430 calls on Adobe, short January 2025 $380 calls on Mastercard, short July 2023 $47.50 calls on eBay, and short September 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, DocuSign, Domino's Pizza, Etsy, Fiverr International, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, PayPal, Salesforce, Starbucks, StoneCo, Target, Visa, and Walt Disney. The video was published on July 14, 2023.
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The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, DocuSign, Domino's Pizza, Etsy, Fiverr International, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, PayPal, Salesforce, Starbucks, StoneCo, Target, Visa, and Walt Disney. The Motley Fool recommends 3M, Chegg, Deere, and eBay and recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2024 $420 calls on Adobe, long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, long January 2025 $47.50 calls on Nike, short January 2024 $155 calls on Walt Disney, short January 2024 $430 calls on Adobe, short January 2025 $380 calls on Mastercard, short July 2023 $47.50 calls on eBay, and short September 2023 $67.50 puts on PayPal. The video was published on July 14, 2023.
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The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, DocuSign, Domino's Pizza, Etsy, Fiverr International, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, PayPal, Salesforce, Starbucks, StoneCo, Target, Visa, and Walt Disney. The Motley Fool recommends 3M, Chegg, Deere, and eBay and recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2024 $420 calls on Adobe, long January 2024 $60 calls on DocuSign, long January 2025 $370 calls on Mastercard, long January 2025 $47.50 calls on Nike, short January 2024 $155 calls on Walt Disney, short January 2024 $430 calls on Adobe, short January 2025 $380 calls on Mastercard, short July 2023 $47.50 calls on eBay, and short September 2023 $67.50 puts on PayPal. The video was published on July 14, 2023.
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The video was published on July 14, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
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c66dc5a2-6ddb-4b33-96db-e1cbfba8fbbd
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720442.0
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2023-07-14 00:00:00 UTC
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Notable ETF Outflow Detected - IWF, V, ABBV, DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwf-v-abbv-de
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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 Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $364.3 million dollar outflow -- that's a 0.5% decrease week over week (from 259,650,000 to 258,350,000). Among the largest underlying components of IWF, in trading today Visa Inc (Symbol: V) is off about 0.1%, AbbVie Inc (Symbol: ABBV) is up about 1.1%, and Deere & Co. (Symbol: DE) is higher by about 0.4%. For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average:
Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $283.07 as the 52 week high point — that compares with a last trade of $282.52. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Nelson Peltz Stock Picks
ODC Earnings History
MGLD Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Nelson Peltz Stock Picks ODC Earnings History MGLD Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $283.07 as the 52 week high point — that compares with a last trade of $282.52. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $364.3 million dollar outflow -- that's a 0.5% decrease week over week (from 259,650,000 to 258,350,000). For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $283.07 as the 52 week high point — that compares with a last trade of $282.52. 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 Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $364.3 million dollar outflow -- that's a 0.5% decrease week over week (from 259,650,000 to 258,350,000). For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $283.07 as the 52 week high point — that compares with a last trade of $282.52. 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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80fae24e-0ff4-4057-b1d2-fcc9371f8e10
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720443.0
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2023-07-14 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-6
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our 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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f0c9777d-e79d-4346-bc9c-c75a41c3525f
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720444.0
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2023-07-14 00:00:00 UTC
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Here's Why Applied Industrial (AIT) is an Attractive Pick Now
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DE
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https://www.nasdaq.com/articles/heres-why-applied-industrial-ait-is-an-attractive-pick-now
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nan
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nan
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Applied Industrial Technologies, Inc. AIT is gaining from strength in its businesses, growth initiatives, acquired assets and a sound capital-deployment strategy.
Let’s delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment.
Business Strength: Sales process initiatives and favorable pricing actions are aiding AIT’s Service Center Based Distribution segment. The Engineered Solutions segment is driven by robust technical and engineering capabilities, and solid backlog levels. Focus on pricing and cross-selling actions, and growth initiatives augur well for the company.
Expansion Initiatives: The company solidified its product portfolio and leveraged business opportunities by adding assets. The Advanced Motion Systems Inc. (April 2023) buyout expanded AIT’s footprint in the upper Northeast region of the United States while also helping to bolster relationships with leading suppliers. The acquisition of Automation, Inc. (November 2022) expanded Applied Industrial’s footprint across key verticals and geographies while supplementing its value-added services and cross-selling efforts. In third-quarter fiscal 2023 (ended March 2023), buyouts had a positive impact of 0.7% on the company's sales.
Rewards to Shareholders: Applied Industrial is committed to rewarding its shareholders handsomely through dividend payments and share buybacks. In the first nine months of fiscal 2023, it paid out dividends worth $39.8 million, up 3.2% on a year-over-year basis. The company hiked its quarterly dividend rate by 2.9% in January 2023.
Northward Estimate Revision: The Zacks Consensus Estimate for AIT’s fiscal 2023 (ended June 2023) earnings has been revised upward by a penny in the past 60 days.
Price Performance: Shares of Applied Industrial have gained 59.5% in the past year, outperforming the industry’s 33% increase.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked companies from the Industrial Products sector are discussed below:
Greif, Inc. GEF presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.
GEF delivered a trailing four-quarter earnings surprise of 7.7%, on average. GEF’s earnings estimates have increased 13.4% for fiscal 2023 in the past 60 days. Its shares have risen 7% in the past year.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2. AOS’ earnings surprise in the last four quarters was 8%, on average.
In the past 60 days, estimates for A. O. Smith’s earnings estimates have remained steady for 2023. The stock has gained 29.1% in the past year.
Deere & Company DE presently carries a Zacks Rank of 2. DE’s earnings surprise in the last four quarters was 7.2%, on average.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 4%. The stock has rallied 37.6% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Greif, Inc. (GEF) : 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 Advanced Motion Systems Inc. (April 2023) buyout expanded AIT’s footprint in the upper Northeast region of the United States while also helping to bolster relationships with leading suppliers. The acquisition of Automation, Inc. (November 2022) expanded Applied Industrial’s footprint across key verticals and geographies while supplementing its value-added services and cross-selling efforts. Applied Industrial Technologies, Inc. AIT is gaining from strength in its businesses, growth initiatives, acquired assets and a sound capital-deployment strategy.
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Applied Industrial Technologies, Inc. AIT is gaining from strength in its businesses, growth initiatives, acquired assets and a sound capital-deployment strategy. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report To read this article on Zacks.com click here. Let’s delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment.
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Northward Estimate Revision: The Zacks Consensus Estimate for AIT’s fiscal 2023 (ended June 2023) earnings has been revised upward by a penny in the past 60 days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report To read this article on Zacks.com click here. Applied Industrial Technologies, Inc. AIT is gaining from strength in its businesses, growth initiatives, acquired assets and a sound capital-deployment strategy.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 4%. Applied Industrial Technologies, Inc. AIT is gaining from strength in its businesses, growth initiatives, acquired assets and a sound capital-deployment strategy. Let’s delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment.
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5c535e14-521f-4749-85c5-f0e6e9571f5a
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720445.0
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2023-07-13 00:00:00 UTC
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September 1st Options Now Available For Deere (DE)
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DE
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https://www.nasdaq.com/articles/september-1st-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 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $405.00 strike price has a current bid of $12.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $405.00, but will also collect the premium, putting the cost basis of the shares at $392.40 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $407.93/share today.
Because the $405.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.11% return on the cash commitment, or 22.71% 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 $405.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $410.00 strike price has a current bid of $15.95. If an investor was to purchase shares of DE stock at the current price level of $407.93/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $410.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.42% if the stock gets called away at the September 1st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $410.00 strike highlighted in red:
Considering the fact that the $410.00 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 3.91% boost of extra return to the investor, or 28.54% 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 $407.93) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Institutional Holders of CMDT
HGSD YTD Return
Funds Holding LTXC
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 $410.00 strike highlighted in red: Considering the fact that the $410.00 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 begin trading today, for the September 1st expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $410.00 strike highlighted in red: Considering the fact that the $410.00 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 begin trading today, for the September 1st expiration.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $405.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $410.00 strike price has a current bid of $15.95. Below is a chart showing DE's trailing twelve month trading history, with the $410.00 strike highlighted in red: Considering the fact that the $410.00 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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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $405.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $410.00 strike price has a current bid of $15.95. Below is a chart showing DE's trailing twelve month trading history, with the $410.00 strike highlighted in red: Considering the fact that the $410.00 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 begin trading today, for the September 1st expiration.
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95d25065-6ae9-45ac-8f82-7936828d3f7c
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720446.0
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2023-07-13 00:00:00 UTC
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"Soft Landing" Ahead? I Think So. Here Are the 6.8%+ Dividends to Buy
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DE
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https://www.nasdaq.com/articles/soft-landing-ahead-i-think-so.-here-are-the-6.8-dividends-to-buy
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nan
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nan
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One of the most difficult things for me in 2022 was that, with all the doom and gloom in the air, I heard about a lot of people giving up on the dream of financial independence.
The worst part was that they were doing so at exactly the wrong time--right when the market decline had driven the yields on our favorite closed-end funds (CEFs) way up. Even now, after the S&P 500 has posted roughly 15% gains in 2023, as of this writing, plenty of CEFs yield 10%+, including nine in the portfolio of our CEF Insider service.
Worse, these folks were doing it because they'd bought into the media's false narrative that a recession was looming, a trap I regularly warned about falling into here on Contrarian Outlook and in the pages of CEF Insider.
Now it looks like the financial world is finally coming around to our point of view.
To see what I mean, check out the article "The economy's doomsday clock has been reset: Wall Street's Fearmongers were totally wrong about a recession" from Business Insider, which basically admits that economists are essentially making it up as they go along these days:
"Over the past year, Wall Street pessimists' reasons for an approaching recession have shifted. First it was the spike in food and energy prices, then it was the housing market, and now it's 'long and variable lags' from rate hikes that many of the same people said the economy couldn't handle in the first place."
How We've Responded--and Where We're Heading
Instead of selling in an environment like we saw last year, it was the time to be buying, especially when the market fell on extreme fear. Stocks are a smart play in times like these--but we of course prefer CEFs, as their discounts, and dividends, grow when the market panics. And as you know if you're a CEF Insider member, we added funds on the dips through 2022, locking in deep discounts and high yields as we did.
Last November, for example, I spotlighted portfolio holding the Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) in the regular weekly column I send to CEF Insider members. At the time, the tech-focused fund sported a 15.3% discount to net asset value (NAV) and yielded 11%. It's popped nicely since, propelled by interest in artificial intelligence.
Steeply Undervalued AIO Soars
You may recall that AIO taps into the AI trend through both blue chip techs and other companies that benefit from AI-powered productivity gains, like equipment maker Deere & Co. (DE) and insurer UnitedHealth Group (UNH).
Of course, CEF Insider members have been in the know about AIO for a while now, and have booked a bigger return--up 30%, as of this writing, since our recommendation in September 2020, including the fund's high dividend (it yields 9.7% today).
The takeaway here is clear--investing according to the headlines (and the opinions of economists) is risky. You're often better to do the opposite of what they predict. Which brings us to today, and our plan for what comes next, as recession fears fade in the media and on Wall Street.
"Economists Place 70% Chance for US recession in 2023" Bloomberg loudly proclaimed on December 20, 2022. Then in February 2023 the New York Times asked "What Recession? Some Economists See Chances of a Growth Rebound". That went from "some" to "most" in the last five months. As a result, as you've no doubt noticed, capital markets are at their calmest since 2023.
All this calmness emboldens the Fed to raise interest rates--and the Fed wants to raise rates for a number of reasons. The biggest is that it gives them more leverage to anticipate a future recession.
These days, we might think 5% interest rates are high, and they are in the context of the last decade. But if we go way back, we see that rates were once a lot higher, which is partly how the Fed was able to get the country out of the financial crises of the late 1970s and early 1980s.
Of course, Jay Powell can't return us to 1980s-style 20% rates. In reality we'll probably get one or two more hikes this year and that's it. If we don't, stocks will probably go up a little, but not too much given the runup we've seen so far. If stocks go down, they likely won't go down by much because, as we've seen in the last few weeks, new rate hikes don't affect stocks as much as they did last year, as rates are already high compared to where they were. A-25-basis point hike isn't as meaningful when rates are 5.25% versus when they're zero.
This is one reason why I'm not really worried about a recession, per se. One is coming, sure, but it could take a couple years to show up, and when it does it'll probably be shallow and mild (assuming, of course, nothing major happens in the next couple years!). This does set the stage for stocks to be more or less rangebound in the short term.
This environment, as I've mentioned in some of my recent Thursday articles, is great for buying CEFs that sell covered-call options. Covered calls give buyers the right to buy the CEF's stocks at a fixed price and date in the future.
It's a strategy that performs particularly well in tranquil markets like this one, as the stocks are more likely to fail to climb above the target--or "strike"--price. The result is the fund gets to keep the fee it charges for these sales (or the "premium") and the stocks on which it sells the options--and it can use those premiums to pay bigger dividends to us.
Three popular covered-call CEFs are the 8.3%-yielding Nuveen Dow 30 Dynamic Overwrite Fund (DIAX), 7.6%-paying Nuveen S&P Dynamic Overwrite (SPXX) and the Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX), which yields 6.8%.
None of these are fancy--they buy the stocks in the Dow Jones Industrial Average, S&P 500 and NASDAQ 100, respectively, and sell call options against those holdings.
Which one is your best play right now?
Historically, I've been a QQQX fan because of the NASDAQ's greater volatility, which results in higher option premiums that make the fund's dividend more sustainable. But spikes in relatively low-volatility indexes create even better dividend opportunities, which is why DIAX is particularly interesting.
Dow Jones Volatility Bottoms Out
Very recently we saw the Dow Jones (the benchmark ETF for which is marked in blue above) cross above the S&P 500 (in purple) in terms of volatility. That's unusual; typically the Dow is less volatile, but it has seen the steep volatility declines of 2022 evaporate in recent days, despite the Dow's disappointing 2023 performance.
Dow and S&P 500 Part Ways in 2023
If you look at the right side of this chart, you can see that, despite the Dow's weak performance this year, fear-averse investors have driven the index up in the last few weeks. This makes sense, as the Dow contains the largest of large cap stocks. Savvy investors will see that and respond by shorting the index when market weakness arises. That gives us an opportunity to see DIAX's already sustainable 8.3% dividend grow, thanks to its covered-call strategy.
5 Buys Paying 10.2%, With 20% Upside, as the Media Comes Around to Our View
DIAX isn't our only summer buying opportunity. We've got a wide range of other high-yielding CEFs available to us at ridiculous bargains--including my top 5 funds, which yield an incredible 10% (and pay dividends monthly).
Discounts? These 5 funds trade at such wide markdowns that I'm calling for 20%+ price upside in the coming year.
Now is the time to buy them. Click here and I'll explain how CEFs really are a "hidden" world of high, safe dividends that most investors miss out on. And I'll show you how to download a free Special Report naming my top 5 buys for 10.2% yields and fast 20% price upside.
Also see:
Warren Buffett Dividend Stocks
Dividend Growth Stocks: 25 Aristocrats
Future Dividend Aristocrats: Close Contenders
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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Worse, these folks were doing it because they'd bought into the media's false narrative that a recession was looming, a trap I regularly warned about falling into here on Contrarian Outlook and in the pages of CEF Insider. Last November, for example, I spotlighted portfolio holding the Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) in the regular weekly column I send to CEF Insider members. You may recall that AIO taps into the AI trend through both blue chip techs and other companies that benefit from AI-powered productivity gains, like equipment maker Deere & Co. (DE) and insurer UnitedHealth Group (UNH).
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Historically, I've been a QQQX fan because of the NASDAQ's greater volatility, which results in higher option premiums that make the fund's dividend more sustainable. Also see: Warren Buffett Dividend Stocks Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. One of the most difficult things for me in 2022 was that, with all the doom and gloom in the air, I heard about a lot of people giving up on the dream of financial independence.
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Also see: Warren Buffett Dividend Stocks Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. One of the most difficult things for me in 2022 was that, with all the doom and gloom in the air, I heard about a lot of people giving up on the dream of financial independence. The worst part was that they were doing so at exactly the wrong time--right when the market decline had driven the yields on our favorite closed-end funds (CEFs) way up.
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Stocks are a smart play in times like these--but we of course prefer CEFs, as their discounts, and dividends, grow when the market panics. 5 Buys Paying 10.2%, With 20% Upside, as the Media Comes Around to Our View DIAX isn't our only summer buying opportunity. One of the most difficult things for me in 2022 was that, with all the doom and gloom in the air, I heard about a lot of people giving up on the dream of financial independence.
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a0b8a872-8df9-4455-8d94-eb8ccce4fba6
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720447.0
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2023-07-12 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-1
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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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79b7ca28-1c65-45e4-925c-09b78a6bc505
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720448.0
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2023-07-11 00:00:00 UTC
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If You Invested $3,000 in Deere 10 Years Ago, This Is How Much You Would Have Today
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DE
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https://www.nasdaq.com/articles/if-you-invested-%243000-in-deere-10-years-ago-this-is-how-much-you-would-have-today
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nan
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nan
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Building wealth in the stock market is as simple as investing in quality companies and allowing your investment to grow over time. One blue chip stock that delivered for investors for years is Deere (NYSE: DE).
Deere established itself as a top provider of agricultural equipment with a strong brand and a loyal customer base, and it has delivered excellent returns for investors. If you purchased $3,000 in stock in Deere 10 years ago, your investment would be worth $18,170 today. To put this in perspective, a similar investment in the SPDR S&P 500 ETF would be worth $9,704 today.
Here's why Deere stock crushed the broader market and is poised to keep delivering for its investors.
DE Total Return Level data by YCharts
Deere is one of the largest providers of equipment across crucial supply chains
Deere is a major player in developing and manufacturing machinery for agriculture, forestry, and construction. In 2022, it generated $53 billion in sales across its four primary segments:
Production and precision agriculture, its most significant revenue-producing segment, raked in $22 billion. This segment includes equipment and technology solutions for growers of grains, cotton, and sugarcane.
Small agriculture and turf operations produced $13.4 billion in revenue. In this segment, it sells equipment for livestock producers, including tractors for gathering hay, and commercial lawn equipment, like those used to maintain golf courses.
Construction and forestry operations generated $12.5 billion in revenue. This is where the company accounts for heavy machinery like bulldozers, excavators, milling machines, and log harvesters.
Financial services brought in another $4 billion in revenue, and this is where it accounts for financing and leasing its equipment.
What makes Deere a solid investment is its position as a leading supplier across multiple segments, supporting agriculture growth and construction across the supply chain. Over the last decade, Deere's diluted earnings per share (EPS) has grown at 13% compounded annually. Its free cash flow per share, which is how much cash it has left over after paying for operational costs and capital assets, has grown at 19% compounded annually.
Earnings could fluctuate with the economy, but Deere's long-term growth story is solid
Deere's business is cyclical, meaning it benefits when farmers' incomes rise, which they have in recent years due to elevated crop prices. As a result, its earnings tend to ebb and flow, depending on the performance of the broader economy.
As long-term investors, you want to understand the risks of investing in cyclical stocks. However, over more extended periods, Deere has delivered for investors. One way it continues to deliver is by innovating in the agricultural space.
In 2020, Deere began implementing something it calls the "Smart Industrial operating model." Through this initiative, Deere is focused on developing intelligent, connected machinery and equipment to transform agriculture and construction. The goal is to boost crop output and make farmers even more efficient while reducing waste and becoming more sustainable.
Deere rolled out numerous exciting features for farmers. For example, its automated tractors can maximize the yield and number of seeds planted in a given space by optimizing the tractor's path and the precise placement of seeds. Another feature is using cameras to monitor crop conditions and sprayers to apply the right amount of product to grow crops or eliminate yield-reducing weeds. These practices could save farmers up to 80% on product costs, according to Jorge Heraud, Deere's vice president of Automation and Autonomy.
Image source: Getty Images.
Is Deere stock a buy?
Deere stock trades at a price-to-earnings (P/E) ratio of 13.6, making the stock look relatively inexpensive. However, keep in mind that cyclical stocks tend to trade at cheap valuations at the top of their cycle, so it may not be a bargain necessarily.
That said, this blue chip company remains a top machinery and equipment provider, and its initiatives to continue innovating in the space make it an excellent stock for patient investors to buy and hold for the long haul.
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 July 3, 2023
Courtney Carlsen 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 established itself as a top provider of agricultural equipment with a strong brand and a loyal customer base, and it has delivered excellent returns for investors. What makes Deere a solid investment is its position as a leading supplier across multiple segments, supporting agriculture growth and construction across the supply chain. That said, this blue chip company remains a top machinery and equipment provider, and its initiatives to continue innovating in the space make it an excellent stock for patient investors to buy and hold for the long haul.
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One blue chip stock that delivered for investors for years is Deere (NYSE: DE). That said, this blue chip company remains a top machinery and equipment provider, and its initiatives to continue innovating in the space make it an excellent stock for patient investors to buy and hold for the long haul. Deere established itself as a top provider of agricultural equipment with a strong brand and a loyal customer base, and it has delivered excellent returns for investors.
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DE Total Return Level data by YCharts Deere is one of the largest providers of equipment across crucial supply chains Deere is a major player in developing and manufacturing machinery for agriculture, forestry, and construction. Deere stock trades at a price-to-earnings (P/E) ratio of 13.6, making the stock look relatively inexpensive. 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen.
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Here's why Deere stock crushed the broader market and is poised to keep delivering for its investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. One blue chip stock that delivered for investors for years is Deere (NYSE: DE).
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c5f2f64b-4f85-4acd-908c-c4632591f80c
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720449.0
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2023-07-11 00:00:00 UTC
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Best Dividend Stocks to Buy: AT&T vs. Deere
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DE
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https://www.nasdaq.com/articles/best-dividend-stocks-to-buy%3A-att-vs.-deere
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nan
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nan
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Fool.com contributor Parkev Tatevosian compares Deere (NYSE: DE) and AT&T (NYSE: T) to determine which is the better dividend stock for passive income investors.
*Stock prices used were the afternoon prices of July 7, 2023. The video was published on July 9, 2023.
10 stocks we like better than AT&T
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and AT&T wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of July 3, 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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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 Deere (NYSE: DE) and AT&T (NYSE: T) to determine which is the better dividend stock for passive income investors. The video was published on July 9, 2023.
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Fool.com contributor Parkev Tatevosian compares Deere (NYSE: DE) and AT&T (NYSE: T) to determine which is the better dividend stock for passive income investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on July 9, 2023.
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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 Deere (NYSE: DE) and AT&T (NYSE: T) to determine which is the better dividend stock for passive income investors. The video was published on July 9, 2023.
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The Motley Fool recommends Deere. Fool.com contributor Parkev Tatevosian compares Deere (NYSE: DE) and AT&T (NYSE: T) to determine which is the better dividend stock for passive income investors. The video was published on July 9, 2023.
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5222a8c2-29f7-4a92-89bd-629b46674428
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720450.0
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2023-07-10 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-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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82ec82a0-255d-49bc-87ab-59c72749ccc5
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720451.0
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2023-07-08 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-2
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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
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. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield 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.
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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 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. 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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33c07928-16b1-49db-81d8-6ddba2f914e4
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720452.0
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2023-07-06 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-27
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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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1bbe6b8a-eaa2-4948-be24-3166905b2232
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720453.0
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2023-07-05 00:00:00 UTC
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Notable ETF Outflow Detected - IWF, TMO, SBUX, DE
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DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwf-tmo-sbux-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 iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $165.1 million dollar outflow -- that's a 0.2% decrease week over week (from 260,250,000 to 259,650,000). Among the largest underlying components of IWF, in trading today Thermo Fisher Scientific Inc (Symbol: TMO) is up about 0.3%, Starbucks Corp. (Symbol: SBUX) is off about 0.6%, and Deere & Co. (Symbol: DE) is lower by about 0.3%. For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average:
Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $275.96 as the 52 week high point — that compares with a last trade of $275.88. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Warren Buffett Stock Picks
TKC Options Chain
Top Ten Hedge Funds Holding TLTE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $165.1 million dollar outflow -- that's a 0.2% decrease week over week (from 260,250,000 to 259,650,000).
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For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $275.96 as the 52 week high point — that compares with a last trade of $275.88. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $165.1 million dollar outflow -- that's a 0.2% decrease week over week (from 260,250,000 to 259,650,000). For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $275.96 as the 52 week high point — that compares with a last trade of $275.88. 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 Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $165.1 million dollar outflow -- that's a 0.2% decrease week over week (from 260,250,000 to 259,650,000). Among the largest underlying components of IWF, in trading today Thermo Fisher Scientific Inc (Symbol: TMO) is up about 0.3%, Starbucks Corp. (Symbol: SBUX) is off about 0.6%, and Deere & Co. (Symbol: DE) is lower by about 0.3%. 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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cd39be0c-9c02-419f-b3e0-e1c1fb1eba67
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720454.0
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2023-07-05 00:00:00 UTC
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Deere & Company Stock: Buy, Sell, or Hold?
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DE
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https://www.nasdaq.com/articles/deere-company-stock%3A-buy-sell-or-hold
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nan
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nan
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Sometimes branding is as simple as a color. You've probably driven by someone mowing their lawn or a farmer driving through a field and recognized Deere & Co.'s (NYSE: DE) famous shade of green.
The company is a staple in the farming industry, an often-overlooked multi-trillion-dollar greenfield of opportunity for long-term investors. The world's population is growing daily, and there is only so much land to grow food on.
That makes Deere an intriguing long-term investment idea. However, is the stock a buy today? I'll break down this opportunity to identify whether the stock is a buy, sell, or hold.
The global opportunity is massive
Feeding the world's population is a large and complex issue that most people in developed countries might take for granted. There are more than 8 billion people today, which could surpass 10 billion by 2050. According to a study by the World Resources Institute, sustainably feeding the world's projected 2050 population will come down to closing three gaps between what the world produces today and what's needed in the future:
A 56% food gap in crops.
A 593 million-hectare gap in agricultural land.
11-gigaton GHG mitigation emissions gap.
In other words, the world must make more food from less land, and do so more cleanly. That creates a significant opportunity for innovation and technology to help farmers yield crops from the land more efficiently and reduce emissions. The global farming industry is worth an estimated $13.4 trillion today, which could grow past $19 trillion by 2027.
Deere is a staple in solving these challenges
Known for its famous shade of green, Deere sells agriculture, construction, and forestry equipment and technology solutions worldwide. Its machines range from small tractors to massive machines that can quickly harvest crops in massive fields. The company also has a financing arm that provides loans to customers on purchases.
Farm machinery is generally a big-ticket purchase for farmers, which makes Deere & Co. a cyclical business that can see some downside when the farming industry suffers a downturn. However, you can see that sales and profits have grown impressively over time, which could continue due to the long-term need for agricultural investments discussed above.
DE Revenue (TTM) data by YCharts
Financially, Deere is rock-solid. The company's credit rating is comfortably in investment-grade territory with the major credit bureaus, and Deere carries about $6 billion in cash on its balance sheet, more than a year's worth of free cash flow. This should give investors peace of mind that management is well-equipped for the next industry downturn.
Is Deere a buy, sell, or hold?
The intersection between opportunity and capability has analysts feeling optimistic about Deere's future. Consensus estimates call for earnings-per-share (EPS) growth averaging 13% annually over the next three to five years. Considering 2023 EPS estimates of $31.85, the stock trades at a price-to-earnings ratio (P/E) of just under 13.
Remember that business could be volatile if a recession or something else pushes farmers to delay big purchases. Still, the double-digit growth outlook does underline confidence in the business. Assuming growth estimates are accurate, the stock's PEG ratio is just 1 today. In other words, investors are being offered a pretty attractive price for the stock given its expected growth.
Even assuming no valuation change, investors are looking at roughly 14% potential annual investment returns just from EPS growth and a dividend that yields just over 1% at today's prices. The stock's seemingly high floor for double-digit returns makes Deere & Co. an attractive buy for long-term investors.
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 June 30, 2023
Justin Pope 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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You've probably driven by someone mowing their lawn or a farmer driving through a field and recognized Deere & Co.'s (NYSE: DE) famous shade of green. The global opportunity is massive Feeding the world's population is a large and complex issue that most people in developed countries might take for granted. Even assuming no valuation change, investors are looking at roughly 14% potential annual investment returns just from EPS growth and a dividend that yields just over 1% at today's prices.
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Deere is a staple in solving these challenges Known for its famous shade of green, Deere sells agriculture, construction, and forestry equipment and technology solutions worldwide. The stock's seemingly high floor for double-digit returns makes Deere & Co. an attractive buy for long-term investors. You've probably driven by someone mowing their lawn or a farmer driving through a field and recognized Deere & Co.'s (NYSE: DE) famous shade of green.
|
According to a study by the World Resources Institute, sustainably feeding the world's projected 2050 population will come down to closing three gaps between what the world produces today and what's needed in the future: A 56% food gap in crops. The stock's seemingly high floor for double-digit returns makes Deere & Co. an attractive buy for long-term investors. You've probably driven by someone mowing their lawn or a farmer driving through a field and recognized Deere & Co.'s (NYSE: DE) famous shade of green.
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The stock's seemingly high floor for double-digit returns makes Deere & Co. an attractive buy for long-term investors. You've probably driven by someone mowing their lawn or a farmer driving through a field and recognized Deere & Co.'s (NYSE: DE) famous shade of green. That makes Deere an intriguing long-term investment idea.
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190b5370-a289-462b-96f9-775109c960f5
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720455.0
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2023-07-05 00:00:00 UTC
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Noteworthy Wednesday Option Activity: AI, DE, TGT
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DE
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-ai-de-tgt
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in C3.ai Inc (Symbol: AI), where a total of 149,264 contracts have traded so far, representing approximately 14.9 million underlying shares. That amounts to about 44.4% of AI's average daily trading volume over the past month of 33.6 million shares. Especially high volume was seen for the $40 strike call option expiring July 07, 2023, with 15,615 contracts trading so far today, representing approximately 1.6 million underlying shares of AI. Below is a chart showing AI's trailing twelve month trading history, with the $40 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 7,309 contracts thus far today. That number of contracts represents approximately 730,900 underlying shares, working out to a sizeable 44.3% of DE's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $385 strike put option expiring July 14, 2023, with 362 contracts trading so far today, representing approximately 36,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $385 strike highlighted in orange:
And Target Corp (Symbol: TGT) options are showing a volume of 30,752 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 44.3% of TGT's average daily trading volume over the past month, of 6.9 million shares. Especially high volume was seen for the $134 strike call option expiring July 14, 2023, with 2,116 contracts trading so far today, representing approximately 211,600 underlying shares of TGT. Below is a chart showing TGT's trailing twelve month trading history, with the $134 strike highlighted in orange:
For the various different available expirations for AI options, DE options, or TGT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Warren Buffett Stock Picks
AVRO Insider Buying
WPRT Average Annual 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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Especially high volume was seen for the $40 strike call option expiring July 07, 2023, with 15,615 contracts trading so far today, representing approximately 1.6 million underlying shares of AI. Particularly high volume was seen for the $385 strike put option expiring July 14, 2023, with 362 contracts trading so far today, representing approximately 36,200 underlying shares of DE. Especially high volume was seen for the $134 strike call option expiring July 14, 2023, with 2,116 contracts trading so far today, representing approximately 211,600 underlying shares of TGT.
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Below is a chart showing AI's trailing twelve month trading history, with the $40 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 7,309 contracts thus far today. That number of contracts represents approximately 730,900 underlying shares, working out to a sizeable 44.3% of DE's average daily trading volume over the past month, of 1.6 million shares. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 44.3% of TGT's average daily trading volume over the past month, of 6.9 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in C3.ai Inc (Symbol: AI), where a total of 149,264 contracts have traded so far, representing approximately 14.9 million underlying shares. Especially high volume was seen for the $40 strike call option expiring July 07, 2023, with 15,615 contracts trading so far today, representing approximately 1.6 million underlying shares of AI. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 44.3% of TGT's average daily trading volume over the past month, of 6.9 million shares.
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Especially high volume was seen for the $40 strike call option expiring July 07, 2023, with 15,615 contracts trading so far today, representing approximately 1.6 million underlying shares of AI. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 44.3% of TGT's average daily trading volume over the past month, of 6.9 million shares. Below is a chart showing TGT's trailing twelve month trading history, with the $134 strike highlighted in orange: For the various different available expirations for AI options, DE options, or TGT options, visit StockOptionsChannel.com.
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21ef05e4-0b8b-44c7-a466-0069ab57159b
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720456.0
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2023-07-04 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-1
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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
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. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield 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.
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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 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. 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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c8e7d63c-9440-4b77-aeb9-707d0f067f77
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720457.0
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2023-07-03 00:00:00 UTC
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My Top Cathie Wood Dividend Stock to Buy in July
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DE
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https://www.nasdaq.com/articles/my-top-cathie-wood-dividend-stock-to-buy-in-july
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nan
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nan
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Fool.com contributor Parkev Tatevosian has found one excellent dividend stock among Cathie Wood's portfolios that could be great for passive income investors.
*Stock prices used were the afternoon prices of June 30, 2023. The video was published on July 2, 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 June 30, 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 has found one excellent dividend stock among Cathie Wood's portfolios that could be great for passive income investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on July 2, 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 has found one excellent dividend stock among Cathie Wood's portfolios that could be great for passive income investors.
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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 has found one excellent dividend stock among Cathie Wood's portfolios that could be great for passive income investors.
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The Motley Fool recommends Deere. Fool.com contributor Parkev Tatevosian has found one excellent dividend stock among Cathie Wood's portfolios that could be great for passive income investors. The video was published on July 2, 2023.
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a9609110-0297-44ae-93a1-1b0535c60f08
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720458.0
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2023-07-03 00:00:00 UTC
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Deere (DE) Outpaces Stock Market Gains: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-outpaces-stock-market-gains%3A-what-you-should-know-4
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nan
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nan
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In the latest trading session, Deere (DE) closed at $406.48, marking a +0.32% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.12%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 5.14%.
Deere will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $8.11, up 31.66% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $14.19 billion, up 9.18% from the year-ago period.
DE's full-year Zacks Consensus Estimates are calling for earnings of $31.85 per share and revenue of $55.78 billion. These results would represent year-over-year changes of +36.81% and +16.41%, 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.18% lower. Deere is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 12.72 right now. This valuation marks a discount compared to its industry's average Forward P/E of 13.18.
We can also see that DE currently has a PEG ratio of 0.99. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 0.96 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 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DE in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Deere (DE) closed at $406.48, marking a +0.32% move from the previous day. DE's full-year Zacks Consensus Estimates are calling for earnings of $31.85 per share and revenue of $55.78 billion. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In the latest trading session, Deere (DE) closed at $406.48, marking a +0.32% move from the previous day. DE's full-year Zacks Consensus Estimates are calling for earnings of $31.85 per share and revenue of $55.78 billion. 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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The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. In the latest trading session, Deere (DE) closed at $406.48, marking a +0.32% move from the previous day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 5.14%.
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In the latest trading session, Deere (DE) closed at $406.48, marking a +0.32% move from the previous day. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 5.14%.
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2c54f0e4-8faa-45d4-b555-70cf587c3eef
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720459.0
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2023-07-03 00:00:00 UTC
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My Top 4 Dividend Stocks to Buy in July
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DE
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https://www.nasdaq.com/articles/my-top-4-dividend-stocks-to-buy-in-july
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nan
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nan
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Fool.com contributor Parkev Tatevosian has carefully evaluated stocks in his coverage and picked out the four best dividend stocks to buy in July.
*Stock prices used were the afternoon prices of June 29, 2023. The video was published on July 1, 2023.
10 stocks we like better than Home Depot
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 Home Depot 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 June 30, 2023
Parkev Tatevosian, CFA has positions in Visa. The Motley Fool has positions in and recommends Home Depot and Visa. 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.
|
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 Home Depot wasn't one of them! Fool.com contributor Parkev Tatevosian has carefully evaluated stocks in his coverage and picked out the four best dividend stocks to buy in July.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Home Depot and Visa. Fool.com contributor Parkev Tatevosian has carefully evaluated stocks in his coverage and picked out the four best dividend stocks to buy in July.
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Fool.com contributor Parkev Tatevosian has carefully evaluated stocks in his coverage and picked out the four best dividend stocks to buy in July. 10 stocks we like better than Home Depot When our analyst team has a stock tip, it can pay to listen. The video was published on July 1, 2023.
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Fool.com contributor Parkev Tatevosian has carefully evaluated stocks in his coverage and picked out the four best dividend stocks to buy in July. The Motley Fool has positions in and recommends Home Depot and Visa. The video was published on July 1, 2023.
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c52f6047-b67e-460b-8f99-444e20ccc8ce
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720460.0
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2023-07-02 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-26
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield 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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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield 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 Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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194f7cf8-c0dc-4567-82dd-d3aa28d31409
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720461.0
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2023-07-02 00:00:00 UTC
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The Unheralded AI Stock Worth Buying and Holding for Decades
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DE
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https://www.nasdaq.com/articles/the-unheralded-ai-stock-worth-buying-and-holding-for-decades
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nan
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nan
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We know Nvidia (NASDAQ: NVDA) is an AI leader. So is Microsoft (NASDAQ: MSFT) and, to some degree, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Beyond these and a few more core companies, picking winners gets harder. In this video, Motley Fool contributors Jason Hall and Tyler Crowe share one they think has a very bright future: Deere & Co. (NYSE: DE), which has been leading the automation and AI charge in heavy machinery for years and is set to keep it up for many years to come.
*Stock prices used were from the afternoon of June 26, 2023. The video was published on July 3, 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 June 30, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jason Hall has positions in Nvidia. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Microsoft, and Nvidia. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe share one they think has a very bright future: Deere & Co. (NYSE: DE), which has been leading the automation and AI charge in heavy machinery for years and is set to keep it up for many years to come. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. We know Nvidia (NASDAQ: NVDA) is an AI leader.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe share one they think has a very bright future: Deere & Co. (NYSE: DE), which has been leading the automation and AI charge in heavy machinery for years and is set to keep it up for many years to come. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. We know Nvidia (NASDAQ: NVDA) is an AI leader.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe share one they think has a very bright future: Deere & Co. (NYSE: DE), which has been leading the automation and AI charge in heavy machinery for years and is set to keep it up for many years to come. We know Nvidia (NASDAQ: NVDA) is an AI leader. So is Microsoft (NASDAQ: MSFT) and, to some degree, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).
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The Motley Fool recommends Deere. We know Nvidia (NASDAQ: NVDA) is an AI leader. So is Microsoft (NASDAQ: MSFT) and, to some degree, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).
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4e3d7982-a99e-473d-bc37-29598ab76bbc
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720462.0
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2023-06-30 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-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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5d866ce6-bfc0-4690-b48c-c53f5370da66
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720463.0
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2023-06-29 00:00:00 UTC
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Deere Stock (NYSE:DE): AI Upside Doesn’t Look Priced in Yet
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DE
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https://www.nasdaq.com/articles/deere-stock-nyse%3Ade%3A-ai-upside-doesnt-look-priced-in-yet
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nan
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nan
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Farming equipment maker Deere (NYSE:DE) may be a cyclical industrial stock, but it's still doing some impressive things with AI tech. Even after the stock's impressive rally this month, shares of Deere are down around 5% year-to-date, suggesting its AI prowess isn't priced in yet. With a modest valuation, impressive autonomous capabilities, and ample room for the farming supercycle to extend, I'm inclined to stay bullish on Deere stock.
Deere may be a nearly 200-year-old company, but it's stayed relevant through the ages for a reason. The company knows how to change with the times, even in the face of rising rivals. With the AI age (or the fourth industrial revolution) underway, thanks in part to the popularity of OpenAI's chatbot ChatGPT, Deere is poised to make a big splash in the modern era.
Undoubtedly, Deere isn't just another firm that's only recently hopped aboard the AI train for the share appreciation benefits. Indeed, it seems like all any company needs to do is put the words "AI" in its name or use it non-stop in a conference call! Deere doesn't need to do this. For years, the company has been working on the impressive AI magic underneath the hood of its next generation of tractors.
Though autonomous farming is still in the very nascent stages, it's hard to imagine any other agricultural tech firm with as much to gain as Deere.
Autonomous Tractors, Strong Farming Economics Could Spark a Rally
Deere stock has been consolidating in a broad range (around $300-$450) for well over two years now, following a remarkable 2020-21 rally that saw shares almost quadruple from trough to peak. Undoubtedly, a lot of farmers have already used the windfall of high crop prices to purchase brand-new equipment, and though the industrial boom has seemed to run its course, there don't seem to be signs of any pending downcycle.
Deere's latest quarter pointed to a farming economy that's still alive and well, perhaps well enough to make it through an economic recession without so much as another bear market plunge. The company didn't just beat in its second quarter ($9.65 EPS vs. the $8.59 consensus estimate), but it had the confidence to hike its profit outlook for the full year.
Its full-year net income is expected in the $9.25-$9.50 billion range, up from the original estimate of $8.75-$9.25 billion. The "beat and raise" may have worked its way into the stock, but I still think there's more room for AI innovations to move the needle higher.
Deere Stock: $500 Per Share May be in the Headlights!
If the farming scene stays robust (a bull-case scenario for Deere) while the company keeps moving forward with autonomous innovations, it could be tough to stop DE stock from plowing its way past $500. Of course, Deere's AI and self-driving ambitions won't lead to massive sales surges in a short timeframe. The company flexed its autonomous tractor in January 2022, but it could take a while longer before self-driving tractors rake in the big harvest for Deere.
Deere is shooting for full-farm autonomy by 2030. That's a realistic timeline (possibly conservative, given the recent hype surrounding self-driving tech) but quite distant for many investors. Still, if investors are willing to bet on Tesla (NASDAQ:TSLA) at a nosebleed-level valuation (around 75 times trailing price-to-earnings) for its AI-driven self-driving ambitions, I find it strange to pass up on Deere stock at a bargain-basement 13.6 times trailing price-to-earnings multiple.
Five-star-rated analyst Stephen Volkmann of Jefferies currently has a $510 price target on Deere, implying around 27% upside potential from current levels. If the right cards fall into space (which looks realistic following Deere's latest quarterly earnings beat), I'd look for other analysts to follow Volkmann's lead with a few upgrades of their own.
Is Deere Stock a Buy, According to Analysts?
Turning to Wall Street, DE stock comes in as a Moderate Buy. Out of 19 analyst ratings, there are 12 Buys and seven Holds. The average Deere stock price target is $446.84, implying an upside potential of 11.2%. Analyst price targets range from a low of $367.00 per share to a high of $530.00 per share.
The Bottom Line on Deere Stock
Deere keeps plowing past earnings estimates, even as the current cycle gets a bit long in the tooth. As the cycle extends and we move closer to an autonomous farming future, it's not hard to imagine Deere stock continuing to march higher from here as it does its part to help improve the underlying economics of farming forever.
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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With the AI age (or the fourth industrial revolution) underway, thanks in part to the popularity of OpenAI's chatbot ChatGPT, Deere is poised to make a big splash in the modern era. If the farming scene stays robust (a bull-case scenario for Deere) while the company keeps moving forward with autonomous innovations, it could be tough to stop DE stock from plowing its way past $500. Farming equipment maker Deere (NYSE:DE) may be a cyclical industrial stock, but it's still doing some impressive things with AI tech.
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Five-star-rated analyst Stephen Volkmann of Jefferies currently has a $510 price target on Deere, implying around 27% upside potential from current levels. The average Deere stock price target is $446.84, implying an upside potential of 11.2%. The Bottom Line on Deere Stock Deere keeps plowing past earnings estimates, even as the current cycle gets a bit long in the tooth.
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Even after the stock's impressive rally this month, shares of Deere are down around 5% year-to-date, suggesting its AI prowess isn't priced in yet. Autonomous Tractors, Strong Farming Economics Could Spark a Rally Deere stock has been consolidating in a broad range (around $300-$450) for well over two years now, following a remarkable 2020-21 rally that saw shares almost quadruple from trough to peak. The Bottom Line on Deere Stock Deere keeps plowing past earnings estimates, even as the current cycle gets a bit long in the tooth.
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Deere doesn't need to do this. If the farming scene stays robust (a bull-case scenario for Deere) while the company keeps moving forward with autonomous innovations, it could be tough to stop DE stock from plowing its way past $500. Farming equipment maker Deere (NYSE:DE) may be a cyclical industrial stock, but it's still doing some impressive things with AI tech.
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51d101d7-9f06-4b46-b075-0c6250c60a4e
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720464.0
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2023-06-29 00:00:00 UTC
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Canaccord Genuity Initiates Coverage of Deere (DE) with Buy Recommendation
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DE
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https://www.nasdaq.com/articles/canaccord-genuity-initiates-coverage-of-deere-de-with-buy-recommendation
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nan
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Fintel reports that on June 28, 2023, Canaccord Genuity initiated coverage of Deere (NYSE:DE) with a Buy recommendation.
Analyst Price Forecast Suggests 10.34% Upside
As of June 1, 2023, the average one-year price target for Deere is 451.86. The forecasts range from a low of 308.05 to a high of $588.00. The average price target represents an increase of 10.34% from its latest reported closing price of 409.51.
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 will receive the payment on August 8, 2023. Previously, the company paid $1.25 per share.
At the current share price of $409.51 / share, the stock's dividend yield is 1.22%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.50%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=236).
The current dividend yield is 0.67 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.17. 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 3269 funds or institutions reporting positions in Deere. This is an increase of 42 owner(s) or 1.30% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.53%, a decrease of 0.02%. Total shares owned by institutions increased in the last three months by 0.29% to 241,086K shares.
The put/call ratio of DE is 1.37, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 13,065K shares representing 4.41% 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.
Ofi Invest Asset Management holds 9,392K shares representing 3.17% ownership of the company.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.79% 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 2.13% 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 1.77% 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.
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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K
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 June 28, 2023, Canaccord Genuity initiated coverage of Deere (NYSE:DE) with a Buy recommendation. 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.
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In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,257K shares representing 2.79% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.13% ownership of the company.
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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 2.79% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,310K shares representing 2.13% ownership of the company.
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At the current share price of $409.51 / share, the stock's dividend yield is 1.22%. In it's prior filing, the firm reported owning 13,288K shares, representing a decrease of 1.70%. In it's prior filing, the firm reported owning 8,257K shares, representing a decrease of 0.01%.
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d67c4508-7c07-40d0-b9ad-6663aa47f6fc
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720465.0
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2023-06-29 00:00:00 UTC
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DE August 11th Options Begin Trading
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DE
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https://www.nasdaq.com/articles/de-august-11th-options-begin-trading
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the August 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new August 11th contracts and identified one put and one call contract of particular interest.
The put contract at the $400.00 strike price has a current bid of $9.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $400.00, but will also collect the premium, putting the cost basis of the shares at $390.50 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $403.47/share today.
Because the $400.00 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 2.38% return on the cash commitment, or 20.16% 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 $400.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $410.00 strike price has a current bid of $10.10. If an investor was to purchase shares of DE stock at the current price level of $403.47/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $410.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.12% if the stock gets called away at the August 11th 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 $410.00 strike highlighted in red:
Considering the fact that the $410.00 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 2.50% boost of extra return to the investor, or 21.25% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $403.47) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
YTD Return on Dow
Top Ten Hedge Funds Holding WTUS
KOR 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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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 $410.00 strike highlighted in red: Considering the fact that the $410.00 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 August 11th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $410.00 strike highlighted in red: Considering the fact that the $410.00 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 August 11th 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 $400.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $410.00 strike price has a current bid of $10.10. Below is a chart showing DE's trailing twelve month trading history, with the $410.00 strike highlighted in red: Considering the fact that the $410.00 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 August 11th 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 $410.00 strike highlighted in red: Considering the fact that the $410.00 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 August 11th expiration.
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4e31dbce-03c5-485b-9104-0c95cf58acbe
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720466.0
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2023-06-28 00:00:00 UTC
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Lindsay (LNN) to Report Q3 Results: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/lindsay-lnn-to-report-q3-results%3A-whats-in-the-cards-0
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nan
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nan
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Lindsay Corporation LNN is scheduled to report third-quarter fiscal 2023 results on Jun 29, before the opening bell.
A Peek at 2Q23 Results
In the last reported quarter, Lindsay’s earnings beat the Zacks Consensus Estimate whereas the sales missed the same. The bottom line improved year over year while the top line declined. The company has a trailing four-quarter average earnings surprise of 22.1%, on average.
Lindsay Corporation Price and EPS Surprise
Lindsay Corporation price-eps-surprise | Lindsay Corporation Quote
Which Way are Estimates Trending?
The Zacks Consensus Estimate for Lindsay’s earnings per share is pegged at $2.17 for the third quarter of fiscal 2023, suggesting a 4.8% fall from that reported in the prior-year quarter. The consensus estimate for total revenues is pinned at $209.7 million for the quarter, indicating a year-over-year fall of 2.1%.
Let’s see how things have shaped up before the announcement.
Key Factors to Consider
Soybean prices have been impacted lately due to an expected surge in production amid a weak demand backdrop. Imports have declined in China, which is a top consumer. Corn prices were also impacted due to an improving supply outlook. As per the USDA, global corn production is expected to reach a record high in the 2023/2024 marketing year, with solid growth in output in North and South America. Corn production in the United States is expected to touch a record high of 15.3 billion bushels. Supply from Argentina is also expected to increase.
Cancellations of large export orders to China also impacted corn prices. Given that corn and soybean are the most important grains for cash crop farming, this is likely to have impacted order levels for Lindsay in the fiscal third quarter.
However, the pressing need to replace aging equipment is likely to have supported demand for the company.
The company’s Infrastructure segment is anticipated to have gained from higher sales of road safety products and Road Zipper System project sales in the quarter under review. However, the segment’s revenues are likely to have been partially offset by lower Road Zipper System lease revenues.
Lindsay has been witnessing a rapid increase in input costs. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. Inflationary pressures and supply-chain challenges are likely to have persisted in the quarter to be reported.
These factors are expected to have impacted margins in the third quarter of fiscal 2023.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for Lindsay 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 Lindsay is 0.00%.
Zacks Rank: Lindsay currently carries a Zacks Rank #4 (Sell).
Price Performance
Lindsay’s shares have gained 3% in the past year, compared with the industry’s 30.2% growth.
Image Source: Zacks Investment Research
Stocks That Warrant a Look
Here are some stocks with the right combination of elements to post an earnings beat in their upcoming releases.
Deere & Company DE, expected to release earnings on Aug 18, has an Earnings ESP of +2.32% and a Zacks Rank of 3. 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 is currently pegged at $8.14 per share, suggesting a year-over-year improvement of 32.1%.
Caterpillar Inc. CAT, expected to release earnings on Aug 1, has an Earnings ESP of +0.05%.
The Zacks Consensus Estimate for CAT’s earnings for the second quarter is pegged at $4.52 per share. It currently carries a Zacks Rank of 3.
Eaton Corporation plc ETN, expected to release earnings on Aug 1, has an Earnings ESP of +0.48%.
The consensus estimate for Eaton’s earnings for the second quarter is currently pegged at $2.09 per share. ETN currently carries a Zacks Rank of 3.
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
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
Lindsay Corporation (LNN) : 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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Key Factors to Consider Soybean prices have been impacted lately due to an expected surge in production amid a weak demand backdrop. Given that corn and soybean are the most important grains for cash crop farming, this is likely to have impacted order levels for Lindsay in the fiscal third quarter. The bottom line improved year over year while the top line declined.
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The Zacks Consensus Estimate for Deere’s fiscal third-quarter earnings is currently pegged at $8.14 per share, suggesting a year-over-year improvement of 32.1%. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The bottom line improved year over year while the top line declined.
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Deere & Company DE, expected to release earnings on Aug 18, has an Earnings ESP of +2.32% and a Zacks Rank of 3. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The bottom line improved year over year while the top line declined.
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Deere & Company DE, expected to release earnings on Aug 18, has an Earnings ESP of +2.32% and a Zacks Rank of 3. The bottom line improved year over year while the top line declined. Key Factors to Consider Soybean prices have been impacted lately due to an expected surge in production amid a weak demand backdrop.
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7802f814-d570-4e5d-b990-d8482c1ed7c9
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720467.0
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2023-06-28 00:00:00 UTC
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MSC Industrial (MSM) to Report Q3 Earnings: What's in Store?
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DE
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https://www.nasdaq.com/articles/msc-industrial-msm-to-report-q3-earnings%3A-whats-in-store
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nan
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nan
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MSC Industrial Direct Co., Inc. MSM is scheduled to report third-quarter fiscal 2023 results on Jun 29, 2023, before the opening bell.
Q3 Estimates
The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $1.02 billion, indicating year-over-year growth of 6.4%. The same for earnings per share is pegged at $1.75, suggesting a year-over-year improvement of 3.8%. Earnings estimates have been unchanged over the past 60 days.
MSC Industrial Direct Company, Inc. Price and EPS Surprise
MSC Industrial Direct Company, Inc. price-eps-surprise | MSC Industrial Direct Company, Inc. Quote
Q2 Results
In the last reported quarter, MSC Industrial’s revenues and earnings improved on a year-over-year basis. The top lines and bottom lines beat the Zacks Consensus Estimate. The company has surpassed the consensus estimate in all four trailing quarters, delivering an earnings surprise of 3.5%, on average.
Factors to Note
Around 70% of MSC Industrial’s revenues came from sales in the manufacturing sector. The recent contraction in the manufacturing sector is expected to have been reflected in the company’s fiscal third-quarter top line.
Per the Federal Reserve, industrial production edged down 0.2% in May following increases of 0.1% and 0.5% in March and April respectively. Manufacturing output inched up 0.1% in May, down from 1% in April. In March, manufacturing output had declined 0.7%.
General economic uncertainty has led to a slowdown in orders. However, the impacts of recent acquisitions and pricing initiatives are likely to have negated some of this impact on the company’s top-line performance.
The company’s “Mission Critical” project, which had been initiated to accelerate market share capture and improve profitability through fiscal 2023, has been contributing to its earnings. In fiscal 2022, MSM achieved its target of $25 million in savings from the project.
It is targeting another $15 million in fiscal 2023 and believes that it is on track to exceed its goal of $100 million in savings by the fiscal 2023-end. Part of this benefit is likely to have been reflected in the third-quarter fiscal 2023 results.
These savings, along with the company’s pricing actions, are anticipated to have negated the impacts of inflated raw material, labor and freight costs in the quarter.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for MSC Industrial 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. However, that’s not the case here.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: MSM has an Earnings ESP of -0.35%.
Zacks Rank: MSC Industrial currently carries a Zacks Rank of 3.
Price Performance
Shares of the company have gained 31.8% in the past three months, compared with the industry’s 30.3% growth.
Image Source: Zacks Investment Research
Stocks That Warrant a Look
Here are some stocks with have the right combination of elements to post an earnings beat in their upcoming releases.
Deere & Company DE, expected to release earnings on Aug 18, has an Earnings ESP of +2.32% and a Zacks Rank of 3 . 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 is currently pegged at $8.14 per share, suggesting a year-over-year improvement of 32.1%.
Caterpillar Inc. CAT, expected to release earnings on Aug 1, has an Earnings ESP of +0.05%.
The Zacks Consensus Estimate for CAT’s earnings for the second quarter is pegged at $4.52 per share. It currently carries a Zacks Rank of 3.
Eaton Corporation plc ETN, expected to release earnings on Aug 1, has an Earnings ESP of +0.48%.
The consensus estimate for Eaton’s earnings for the second quarter is currently pegged at $2.09 per share. ETN currently carries a Zacks Rank of 3.
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
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
MSC Industrial Direct Company, Inc. (MSM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has surpassed the consensus estimate in all four trailing quarters, delivering an earnings surprise of 3.5%, on average. Per the Federal Reserve, industrial production edged down 0.2% in May following increases of 0.1% and 0.5% in March and April respectively. In March, manufacturing output had declined 0.7%.
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The Zacks Consensus Estimate for Deere’s fiscal third-quarter earnings is currently pegged at $8.14 per share, suggesting a year-over-year improvement of 32.1%. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report MSC Industrial Direct Company, Inc. (MSM) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has surpassed the consensus estimate in all four trailing quarters, delivering an earnings surprise of 3.5%, on average.
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Deere & Company DE, expected to release earnings on Aug 18, has an Earnings ESP of +2.32% and a Zacks Rank of 3 . Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report MSC Industrial Direct Company, Inc. (MSM) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has surpassed the consensus estimate in all four trailing quarters, delivering an earnings surprise of 3.5%, on average.
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The company has surpassed the consensus estimate in all four trailing quarters, delivering an earnings surprise of 3.5%, on average. Per the Federal Reserve, industrial production edged down 0.2% in May following increases of 0.1% and 0.5% in March and April respectively. In March, manufacturing output had declined 0.7%.
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4c56e050-b9d1-461c-8fca-39ad19e32bd0
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720468.0
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2023-06-28 00:00:00 UTC
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Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-company-de-is-attracting-investor-attention%3A-here-is-what-you-should-know-2
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nan
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nan
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Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this agricultural equipment manufacturer have returned +16.8%, compared to the Zacks S&P 500 composite's +4.2% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has gained 14.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Deere is expected to post earnings of $8.14 per share, indicating a change of +32.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $31.91 points to a change of +37.1% from the prior year. Over the last 30 days, this estimate has changed +0.3%.
For the next fiscal year, the consensus earnings estimate of $32.51 indicates a change of +1.9% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Deere is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Deere, the consensus sales estimate of $14.21 billion for the current quarter points to a year-over-year change of +9.3%. The $56.11 billion and $55.1 billion estimates for the current and next fiscal years indicate changes of +17.1% and -1.8%, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $16.08 billion in the last reported quarter, representing a year-over-year change of +33.6%. EPS of $9.65 for the same period compares with $6.81 a year ago.
Compared to the Zacks Consensus Estimate of $14.84 billion, the reported revenues represent a surprise of +8.32%. The EPS surprise was +12.6%.
Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Deere is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Deere is rated Zacks Rank #3 (Hold). While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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10d15cd5-643b-4c0f-be31-6d024e1700c0
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720469.0
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2023-06-28 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-0
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
High Momentum Stocks
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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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks 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 Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks 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 Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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eb451dd2-92dc-41e5-b259-f86ce2d58c7a
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720470.0
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2023-06-27 00:00:00 UTC
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Ex-Dividend Reminder: Regal Rexnord, Illinois Tool Works and Deere
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DE
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-regal-rexnord-illinois-tool-works-and-deere
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 6/29/23, Regal Rexnord Corp (Symbol: RRX), Illinois Tool Works, Inc. (Symbol: ITW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. Regal Rexnord Corp will pay its quarterly dividend of $0.35 on 7/14/23, Illinois Tool Works, Inc. will pay its quarterly dividend of $1.31 on 7/13/23, and Deere & Co. will pay its quarterly dividend of $1.25 on 8/8/23. As a percentage of RRX's recent stock price of $150.36, this dividend works out to approximately 0.23%, so look for shares of Regal Rexnord Corp to trade 0.23% lower — all else being equal — when RRX shares open for trading on 6/29/23. Similarly, investors should look for ITW to open 0.53% lower in price and for DE to open 0.31% lower, all else being equal.
Below are dividend history charts for RRX, ITW, and DE, showing historical dividends prior to the most recent ones declared.
Regal Rexnord Corp (Symbol: RRX):
Illinois Tool Works, Inc. (Symbol: ITW):
Deere & Co. (Symbol: DE):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.93% for Regal Rexnord Corp, 2.12% for Illinois Tool Works, Inc., and 1.22% for Deere & Co..
In Tuesday trading, Regal Rexnord Corp shares are currently up about 0.3%, Illinois Tool Works, Inc. shares are up about 0.8%, and Deere & Co. shares are down about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Industrial Stocks Hedge Funds Are Buying
CRXT Videos
PGSS 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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If they do continue, the current estimated yields on annualized basis would be 0.93% for Regal Rexnord Corp, 2.12% for Illinois Tool Works, Inc., and 1.22% for Deere & Co.. dividend stocks should be on your radar screen » Also see: Industrial Stocks Hedge Funds Are Buying CRXT Videos PGSS 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. Looking at the universe of stocks we cover at Dividend Channel, on 6/29/23, Regal Rexnord Corp (Symbol: RRX), Illinois Tool Works, Inc. (Symbol: ITW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/29/23, Regal Rexnord Corp (Symbol: RRX), Illinois Tool Works, Inc. (Symbol: ITW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. Regal Rexnord Corp will pay its quarterly dividend of $0.35 on 7/14/23, Illinois Tool Works, Inc. will pay its quarterly dividend of $1.31 on 7/13/23, and Deere & Co. will pay its quarterly dividend of $1.25 on 8/8/23. Regal Rexnord Corp (Symbol: RRX): Illinois Tool Works, Inc. (Symbol: ITW): Deere & Co. (Symbol: DE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/29/23, Regal Rexnord Corp (Symbol: RRX), Illinois Tool Works, Inc. (Symbol: ITW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. Regal Rexnord Corp will pay its quarterly dividend of $0.35 on 7/14/23, Illinois Tool Works, Inc. will pay its quarterly dividend of $1.31 on 7/13/23, and Deere & Co. will pay its quarterly dividend of $1.25 on 8/8/23. Regal Rexnord Corp (Symbol: RRX): Illinois Tool Works, Inc. (Symbol: ITW): Deere & Co. (Symbol: DE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of RRX's recent stock price of $150.36, this dividend works out to approximately 0.23%, so look for shares of Regal Rexnord Corp to trade 0.23% lower — all else being equal — when RRX shares open for trading on 6/29/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.93% for Regal Rexnord Corp, 2.12% for Illinois Tool Works, Inc., and 1.22% for Deere & Co..
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f89a9feb-a159-448f-9206-48d8bcdd17c9
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720471.0
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2023-06-26 00:00:00 UTC
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Facts vs. Feelings: Dissecting Monday's Tech Pullback
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DE
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https://www.nasdaq.com/articles/facts-vs.-feelings%3A-dissecting-mondays-tech-pullback
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nan
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nan
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Concentrated Leadership?
Feeling: For much of 2023, many investors have complained about a thin market with weak leadership outside of a handful of mega-cap tech stocks. To a large extent, the complaints are correct. The FANGMAN stocks are comprised of Facebook or Meta Platforms (META), Amazon (AMZN), Nvidia (NVDA), Google now Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), and Netflix (NFLX), and are off to a near-unprecedented start after a ferocious rebound in the first half of 2023. Before pulling back, the Nasdaq 100 ETF (QQQ) was higher by 39% for the year.
Image Source: Zacks Investment Research
Fact: Though the “FANGMAN” stocks comprise a more significant portion of the pot than ever before, this trend is not new and has persisted for years. Furthermore, Monday’s action provides investors with a hint that the pendulum may soon be ready to swing back in the opposite direction. Though QQQ was down 1.34% Monday, the Direxion Nasdaq 100 Equal Weight ETF (QQQE) was green. In other words, leadership is broadening out beyond big-cap tech and into other parts of tech.
Monday’s pullback also provided subtle signs that the market is broadening to more than just tech. The iShares Russell 2000 ETF (IWM) and Dow Jones Industrial Average (DIA) gained ground – a sign that investors may have a renewed appetite for small-cap stocks and “old economy” stocks such as Deere (DE). Meanwhile, while the Nasdaq and S&P 500 Index broke lower late day, 67% of stocks advanced for the session.
Image Source: Zacks Investment Research
Feeling: Tech, specifically chip stocks, have run too far, too fast.
Fact: The pullback in large-cap tech is of little surprise to those who have been paying attention. With the Nasdaq up almost 40%, stocks like Meta Platforms up nearly 200%, and sentiment at the “greediest” levels of the year, a pullback was due. Also, large-cap stocks like Apple have marched back to all-time highs – a level where initial resistance is common.
Image Source: Zacks Investment Research
Now the question is, “How long and deep will the correction last?”. For now, QQQ is retreating to the 21-day moving average for the first time in ages – a zone likely to see support in the short-term.
Image Source: TradingView
Takeaway
Despite the S&P 500 and Nasdaq retreating Monday, the market showed underlying strength “beneath the surface”. While large-cap stocks that have gone on big runs pulled back, the rally broadened. Investors need to eliminate the misconception that a broad market rally means all stocks move up at once. Often tech stocks will grind higher for a few weeks and digest while old economy/small-cap names take the baton (rotation). Though this year has been highly skewed toward large-cap tech, we are seeing the phenomenon mentioned above play out. While the action in equities was “normal” Monday, if you are in extended tech stocks its imperative to know your time frame.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports
iShares Russell 2000 ETF (IWM): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports
Meta Platforms, Inc. (META) : 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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Image Source: TradingView Takeaway Despite the S&P 500 and Nasdaq retreating Monday, the market showed underlying strength “beneath the surface”. Concentrated Leadership? Feeling: For much of 2023, many investors have complained about a thin market with weak leadership outside of a handful of mega-cap tech stocks.
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The FANGMAN stocks are comprised of Facebook or Meta Platforms (META), Amazon (AMZN), Nvidia (NVDA), Google now Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), and Netflix (NFLX), and are off to a near-unprecedented start after a ferocious rebound in the first half of 2023. The iShares Russell 2000 ETF (IWM) and Dow Jones Industrial Average (DIA) gained ground – a sign that investors may have a renewed appetite for small-cap stocks and “old economy” stocks such as Deere (DE). Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports iShares Russell 2000 ETF (IWM): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The iShares Russell 2000 ETF (IWM) and Dow Jones Industrial Average (DIA) gained ground – a sign that investors may have a renewed appetite for small-cap stocks and “old economy” stocks such as Deere (DE). Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports iShares Russell 2000 ETF (IWM): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Concentrated Leadership?
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Image Source: Zacks Investment Research Now the question is, “How long and deep will the correction last?”. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports iShares Russell 2000 ETF (IWM): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Concentrated Leadership?
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4fcb4193-9be7-41fe-9b4c-804433bfca50
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720472.0
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2023-06-26 00:00:00 UTC
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Deere (DE) Gains As Market Dips: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-gains-as-market-dips%3A-what-you-should-know-8
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nan
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nan
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Deere (DE) closed at $410.19 in the latest trading session, marking a +1.42% move from the prior day. This move outpaced the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 3.58%.
Prior to today's trading, shares of the agricultural equipment manufacturer had gained 13.23% over the past month. This has outpaced the Industrial Products sector's gain of 7.3% and the S&P 500's gain of 5.01% in that time.
Deere will be looking to display strength as it nears its next earnings release. On that day, Deere is projected to report earnings of $8.14 per share, which would represent year-over-year growth of 32.14%. Meanwhile, our latest consensus estimate is calling for revenue of $14.21 billion, up 9.31% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $31.91 per share and revenue of $56.11 billion. These totals would mark changes of +37.07% and +17.1%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.34% higher. Deere is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Deere is holding a Forward P/E ratio of 12.67. Its industry sports an average Forward P/E of 13.17, so we one might conclude that Deere is trading at a discount comparatively.
Meanwhile, DE's PEG ratio is currently 0.99. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 115, putting it in the top 46% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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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Deere (DE) closed at $410.19 in the latest trading session, marking a +1.42% move from the prior day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 3.58%. Deere will be looking to display strength as it nears its next earnings release.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed at $410.19 in the latest trading session, marking a +1.42% move from the prior day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 3.58%.
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The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 $410.19 in the latest trading session, marking a +1.42% move from the prior day.
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Deere (DE) closed at $410.19 in the latest trading session, marking a +1.42% move from the prior day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 3.58%. Deere will be looking to display strength as it nears its next earnings release.
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754e5f52-4f58-4623-bafa-1b0dedb0838f
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720473.0
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2023-06-24 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-0
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our 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 Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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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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b250fa3b-5a86-4d34-9df2-0541b1b1b44c
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720474.0
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2023-06-23 00:00:00 UTC
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ANALYSIS-With U.S. labor tight, union workers make bolder contract demands
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DE
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https://www.nasdaq.com/articles/analysis-with-u.s.-labor-tight-union-workers-make-bolder-contract-demands
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nan
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nan
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By Lisa Baertlein and Bianca Flowers
June 23 (Reuters) - Workers at aerospace supplier Spirit AeroSystems SPR.N were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain scheduling.
In the past two years, Spirit employees, pilots at American AAL.O and United UAL.O airlines, factory workers at farm and construction equipment makers CNH Industrial CNHI.MI and Deere & Co DE.N and freight rail laborers have all rebuffed deals despite pay raises that in some contracts appeared significant.
Union workers missed out on a frenzy of wage increases by employers desperate for workers during the height of the COVID-19 pandemic. U.S. government data shows that in the first quarter of 2021, labor shortfalls helped push wages for nonunion private sector workers higher than those of their union-represented counterparts.
"You're going to see catch-up in many of those contracts," she said.
Inflation has soared 18% from May 2019, according to the Conference Board, a business think tank. Low unemployment makes it easier for union workers to stand firm during negotiations.
"If it was harder to get a job, they might feel otherwise," Conference Board senior economist Erin McLaughlin said.
Union workers also want more affordable healthcare, paid sick time and more-flexible scheduling for greater work-life balance.
"We aren't going to settle for an economic package that doesn't recognize the heroic efforts and personal sacrifices" of U.S. West Coast dockworkers, union leader Willie Adams said this month ahead of reaching a new deal.
Those longshore workers will vote in coming months on a proposed contract that includes a 32% pay increase over six years and a one-time "hero" bonus.
DEAL BREAKERS: MEDICAL COSTS, SICK DAYS
Late Wednesday, about 6,000 workers represented by the International Association of Machinists and Aerospace Workers (IAM) in Wichita, Kansas, rejected Spirit AeroSystem's offer that included a compounded average pay increase of up to 34% through general wages increases, cost-of-living adjustments and a guaranteed annual bonus.
Some workers said the base wage increase was insufficient and balked at higher out-of-pocket medical costs.
There are cautionary tales even with finalized deals. For instance, some Caterpillar workers were not happy with a deal that they ratified in March.
Union workers at CNH Industrial factories in Wisconsin and Iowa in January ended a nearly nine-month strike in return for wage increases of up to 38% over four years. That deal was sweetened after workers rejected the initial three-year deal.
In 2021, Deere workers in the Midwest rejected two contract offers before ratifying a deal to end a five-week strike.
FedEx FDX.N cargo pilots in July will vote on a tentative deal to give them a 30% raise as well as a 30% increase to their legacy pension.
American Airlines pilots rejected a company offer last year, and last month reached a deal to increase the value of their contract by about $8 billion.
Nonunionized workers overtake unionized peers on wages https://tmsnrt.rs/3plBsHl
(Reporting by Lisa Baertlein in Los Angeles and Bianca Flowers in Chicago; additional reporting by Rajesh Kumar Singh in Chicago; Editing by David Gregorio)
((lisa.baertlein@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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In the past two years, Spirit employees, pilots at American AAL.O and United UAL.O airlines, factory workers at farm and construction equipment makers CNH Industrial CNHI.MI and Deere & Co DE.N and freight rail laborers have all rebuffed deals despite pay raises that in some contracts appeared significant. Union workers at CNH Industrial factories in Wisconsin and Iowa in January ended a nearly nine-month strike in return for wage increases of up to 38% over four years. By Lisa Baertlein and Bianca Flowers June 23 (Reuters) - Workers at aerospace supplier Spirit AeroSystems SPR.N were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain scheduling.
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By Lisa Baertlein and Bianca Flowers June 23 (Reuters) - Workers at aerospace supplier Spirit AeroSystems SPR.N were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain scheduling. In the past two years, Spirit employees, pilots at American AAL.O and United UAL.O airlines, factory workers at farm and construction equipment makers CNH Industrial CNHI.MI and Deere & Co DE.N and freight rail laborers have all rebuffed deals despite pay raises that in some contracts appeared significant. American Airlines pilots rejected a company offer last year, and last month reached a deal to increase the value of their contract by about $8 billion.
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By Lisa Baertlein and Bianca Flowers June 23 (Reuters) - Workers at aerospace supplier Spirit AeroSystems SPR.N were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain scheduling. In the past two years, Spirit employees, pilots at American AAL.O and United UAL.O airlines, factory workers at farm and construction equipment makers CNH Industrial CNHI.MI and Deere & Co DE.N and freight rail laborers have all rebuffed deals despite pay raises that in some contracts appeared significant. Late Wednesday, about 6,000 workers represented by the International Association of Machinists and Aerospace Workers (IAM) in Wichita, Kansas, rejected Spirit AeroSystem's offer that included a compounded average pay increase of up to 34% through general wages increases, cost-of-living adjustments and a guaranteed annual bonus.
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By Lisa Baertlein and Bianca Flowers June 23 (Reuters) - Workers at aerospace supplier Spirit AeroSystems SPR.N were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain scheduling. In 2021, Deere workers in the Midwest rejected two contract offers before ratifying a deal to end a five-week strike. American Airlines pilots rejected a company offer last year, and last month reached a deal to increase the value of their contract by about $8 billion.
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eea8be64-88e9-4a0b-870f-c7c48a26aa83
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720475.0
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2023-06-22 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-25
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
High Momentum Stocks
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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b5524607-af47-4f66-8823-f7416500a6d1
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720476.0
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2023-06-22 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
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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 VanEck Agribusiness ETF (MOO), a passively managed exchange traded fund launched on 08/31/2007.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds 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 13, placing it in bottom 19%.
Index Details
The fund is sponsored by Van Eck. It has amassed assets over $1.11 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
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
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 2.24%.
Sector Exposure and Top Holdings
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many 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 57.63% of total assets under management.
Performance and Risk
The ETF has lost about -4% so far this year and is down about -5.98% in the last one year (as of 06/22/2023). In that past 52-week period, it has traded between $77.15 and $95.87.
The ETF has a beta of 0.93 and standard deviation of 18.37% 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 good 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 $231.84 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 0.93 and standard deviation of 18.37% for the trailing three-year period, making it a low risk choice in the space. If you're interested in broad exposure to the Materials - Agribusiness segment of the equity market, look no further than the VanEck Agribusiness ETF (MOO), a passively managed exchange traded fund launched on 08/31/2007.
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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 VanEck Agribusiness ETF (MOO), 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. If you're interested in broad exposure to the Materials - Agribusiness segment of the equity market, look no further than the VanEck Agribusiness ETF (MOO), a passively managed exchange traded fund launched on 08/31/2007.
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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 VanEck Agribusiness ETF (MOO), a passively managed exchange traded fund launched on 08/31/2007. The ETF has a beta of 0.93 and standard deviation of 18.37% 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.
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ea2faff9-968e-4fd9-a13a-11552597e216
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720477.0
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2023-06-22 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
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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.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds 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 13, placing it in bottom 19%.
Index Details
The fund is sponsored by Blackrock. It has amassed assets over $231.84 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
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
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 2.02%.
Sector Exposure and Top Holdings
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
Looking at individual holdings, Deere (DE) accounts for about 20.91% of total assets, followed by Archer Daniels Midland (ADM) and Corteva Inc (CTVA).
The top 10 holdings account for about 60.46% of total assets under management.
Performance and Risk
The ETF has lost about -5.74% so far this year and is down about -0.17% in the last one year (as of 06/22/2023). In that past 52-week period, it has traded between $37.03 and $45.76.
The ETF has a beta of 0.88 and standard deviation of 19.92% for the trailing three-year period, making it a medium risk choice in the space. With about 194 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 good 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 $1.11 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.
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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. 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. The top 10 holdings account for about 60.46% of total assets under management. Index Details The fund is sponsored by Blackrock.
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8b30ff3b-8eeb-43f6-9c12-ada1f0a8b51c
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720478.0
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2023-06-22 00:00:00 UTC
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Is Deere Stock A Better Pick Over KO?
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DE
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https://www.nasdaq.com/articles/is-deere-stock-a-better-pick-over-ko
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nan
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nan
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We believe that Deere stock (NYSE: DE), included in the S&P500, is a better pick than Coca-Cola stock (NYSE: KO), also in the S&P500, given its better prospects. Although these companies are from different sectors, we compare them because they have a similar operating income of around $10-11 billion within the broader S&P500 index. 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 understand their valuations.
Looking at stock returns, Coca-Cola stock has fared marginally better, with a 3% fall this year, compared to a 5% fall for Deere, but both have underperformed the broader S&P500 index, up 15%. There is more to the comparison, and in the sections below, we discuss the possible returns for Deere and Coca-Cola 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 Deere vs. Coca-Cola: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Deere’s Revenue Growth Is Better
Deere’s revenue growth has been much better, with an 11.3% average annual growth rate in the last three years, compared to 5.6% for Coca-Cola.
Deere is benefiting from higher demand for agriculture equipment, given the above-average age of farming equipment in the U.S.
The agricultural equipment demand has also been buoyed by rising farm income and better price realization.
For Coca-Cola, both at-home and away-from-home channels have grown, primarily driven by solid pricing trends.
Even if we look at the last twelve-month period revenues, Deere has fared better with sales growth of 30.3% vs. 8.4% for Coca-Cola.
Deere’s sales growth over the recent quarters is being driven by higher volume/mix and better price realization, a trend expected to continue in the near term.
For Coca-Cola, North America and Latin America segments saw strong 19% y-o-y sales growth in 2022, led by both volume growth and better price realization.
Looking forward, a challenging macroeconomic environment and a strengthening dollar is expected to weigh on the company’s volume growth rate in the near term. Still, better pricing should drive the overall top-line growth.
Our Deere Revenue Comparison and Coca-Cola Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, Deere’s revenue is expected to grow faster than Coca-Cola’s over the next three years. The table below summarizes our revenue expectations for the two companies over the next three years. It points to a CAGR of 11% for Deere, compared to a 2% CAGR for Coca-Cola, based on Trefis Machine Learning analysis.
Note that we have different methodologies for companies negatively impacted by Covid and those not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to predict recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. Coca-Cola Is More Profitable
Deere’s reported operating margin rose from 14.1% in 2019 to 19.4% in 2022 due to better pricing. In comparison, Coca-Cola’s margin slid from 29.9% to 28.8% over this period.
Looking at the last twelve-month period, Coca-Cola’s operating margin of 28.0% fares better than 22.6% for Deere.
Our Deere Operating Income Comparison and Coca-Cola Operating Income Comparison dashboards provide more details.
Coca-Cola’s free cash flow margin of 24.3% is better than 10.6% for Deere.
Looking at financial risk, Coca-Cola fares better with its 16% debt as a percentage of equity much lower than 49% for Deere, and its 13% cash as a percentage of assets higher than 6% for the latter, implying that Coca-Cola has a better debt position and more cash cushion.
3. The Net of It All
We see that Deere has demonstrated better revenue growth. On the other hand, Coca-Cola is more profitable and has a better financial position, partly explaining the difference in P/S multiple for both stocks.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Deere is the better choice.
Looking at valuation, Coca-Cola fares better when compared to the historical average. DE stock trades at 2.0x trailing revenues, compared to its last five-year average of 1.9x, while KO trades at 6.1x trailing revenues vs. the last five-year average of 6.8x.
Our Deere (DE) Valuation Ratios Comparison and Coca-Cola (KO) Valuation Ratios Comparison have more details.
However, Deere’s faster sales growth expected in the next three years gives it a slight edge over Coca-Cola.
For perspective, even if we consider a P/S multiple of 1.8x, marginally lower than its historical average, Deere’s revenue of $81 billion in the next three years will result in a higher market capitalization of around $146 billion compared to the $120 billion currently, implying over 20% potential returns.
In contrast, Coca-Cola’s revenue will likely be about $46 billion in the next three years, and assuming the P/S multiple of 6.2x, marginally higher than the historical average, the market capitalization will be around $283 billion, vs. $267 billion currently, implying roughly 6% gains.
Overall, we believe investors willing to choose between these two stocks will likely be better off buying Deere for the next three years.
While DE stock may outperform KO stock in the next three years, 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.
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 Donaldson vs. Deere.
Given the higher inflation and the Fed raising interest rates, among other factors, DE stock has seen a 5% fall this year. But can it drop more from here? See how low Deere stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.
Returns Jun 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DE Return 18% -5% 296%
KO Return 3% -3% 49%
S&P 500 Return 5% 15% 97%
Trefis Multi-Strategy Portfolio 7% 17% 267%
[1] Month-to-date and year-to-date as of 6/20/2023
[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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We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Coca-Cola: Which Stock Is A Better Bet? Deere’s sales growth over the recent quarters is being driven by higher volume/mix and better price realization, a trend expected to continue in the near term. We believe that Deere stock (NYSE: DE), included in the S&P500, is a better pick than Coca-Cola stock (NYSE: KO), also in the S&P500, given its better prospects.
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Our Deere Operating Income Comparison and Coca-Cola Operating Income Comparison dashboards provide more details. DE stock trades at 2.0x trailing revenues, compared to its last five-year average of 1.9x, while KO trades at 6.1x trailing revenues vs. the last five-year average of 6.8x. Our Deere (DE) Valuation Ratios Comparison and Coca-Cola (KO) Valuation Ratios Comparison have more details.
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Looking at stock returns, Coca-Cola stock has fared marginally better, with a 3% fall this year, compared to a 5% fall for Deere, but both have underperformed the broader S&P500 index, up 15%. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Coca-Cola: Which Stock Is A Better Bet? Deere’s Revenue Growth Is Better Deere’s revenue growth has been much better, with an 11.3% average annual growth rate in the last three years, compared to 5.6% for Coca-Cola.
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Looking at stock returns, Coca-Cola stock has fared marginally better, with a 3% fall this year, compared to a 5% fall for Deere, but both have underperformed the broader S&P500 index, up 15%. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Coca-Cola: Which Stock Is A Better Bet? Deere’s Revenue Growth Is Better Deere’s revenue growth has been much better, with an 11.3% average annual growth rate in the last three years, compared to 5.6% for Coca-Cola.
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752ea786-1b4b-412e-8198-94efba717cb3
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720479.0
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2023-06-20 00:00:00 UTC
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Here's How Much a $1000 Investment in Deere Made 10 Years Ago Would Be Worth Today
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DE
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https://www.nasdaq.com/articles/heres-how-much-a-%241000-investment-in-deere-made-10-years-ago-would-be-worth-today
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nan
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nan
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with 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 76th-largest company in the S&P 500 Index with a market capitalization of around $111 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
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Deere ten years ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in June 2013 would be worth $4,791.14, or a 379.11% gain, as of June 20, 2023, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
In comparison, the S&P 500 gained 170.70% and the price of gold went up 39.08% over the same time frame.
Going forward, 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 infrastructure investments in the United States. The recent dip in soybean and corn prices is concerning. Inflated material and labor costs are anticipated to impact the company's margins. However, the company's effort to improve pricing will somewhat help offset this impact. 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 the rising worldwide infrastructure needs.
The stock is up 13.07% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 14 higher, for fiscal 2023. 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. 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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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. 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?
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e82b066f-8687-4b94-a69e-ec76629348a6
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720480.0
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2023-06-20 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
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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58052932-b4f0-41f7-a5eb-1d6ac4799781
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720481.0
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2023-06-20 00:00:00 UTC
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Best Dividend Stock to Buy: AT&T vs. Deere
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DE
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https://www.nasdaq.com/articles/best-dividend-stock-to-buy%3A-att-vs.-deere
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nan
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nan
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Fool.com contributor and finance professor Parkev Tatevosian compares AT&T (NYSE: T) and Deere (NYSE: DE) to determine which is the better dividend stock to buy.
*Stock prices used were the afternoon prices of June 17, 2023. The video was published on June 19, 2023.
10 stocks we like better than AT&T
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See the 10 stocks
*Stock Advisor returns as of June 12, 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 they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Fool.com contributor and finance professor Parkev Tatevosian compares AT&T (NYSE: T) and Deere (NYSE: DE) to determine which is the better dividend stock to buy. The video was published on June 19, 2023.
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Fool.com contributor and finance professor Parkev Tatevosian compares AT&T (NYSE: T) and Deere (NYSE: DE) to determine which is the better dividend stock to buy. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on June 19, 2023.
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Fool.com contributor and finance professor Parkev Tatevosian compares AT&T (NYSE: T) and Deere (NYSE: DE) to determine which is the better dividend stock to buy. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on June 19, 2023.
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The Motley Fool recommends Deere. Fool.com contributor and finance professor Parkev Tatevosian compares AT&T (NYSE: T) and Deere (NYSE: DE) to determine which is the better dividend stock to buy. The video was published on June 19, 2023.
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58f12ee8-ab1a-4c23-bd27-c21da1767717
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720482.0
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2023-06-20 00:00:00 UTC
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Noteworthy Tuesday Option Activity: CVX, HUN, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-cvx-hun-de
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Chevron Corporation (Symbol: CVX), where a total of 41,818 contracts have traded so far, representing approximately 4.2 million underlying shares. That amounts to about 45.9% of CVX's average daily trading volume over the past month of 9.1 million shares. Particularly high volume was seen for the $200 strike call option expiring January 19, 2024, with 3,015 contracts trading so far today, representing approximately 301,500 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $200 strike highlighted in orange:
Huntsman Corp (Symbol: HUN) saw options trading volume of 9,360 contracts, representing approximately 936,000 underlying shares or approximately 45.8% of HUN's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $23 strike put option expiring August 18, 2023, with 8,797 contracts trading so far today, representing approximately 879,700 underlying shares of HUN. Below is a chart showing HUN's trailing twelve month trading history, with the $23 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 10,202 contracts, representing approximately 1.0 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $370 strike put option expiring July 21, 2023, with 1,433 contracts trading so far today, representing approximately 143,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $370 strike highlighted in orange:
For the various different available expirations for CVX options, HUN options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
MRKR Average Annual Return
CHCT Historical Stock Prices
Top Ten Hedge Funds Holding CNTY
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 $200 strike call option expiring January 19, 2024, with 3,015 contracts trading so far today, representing approximately 301,500 underlying shares of CVX. Especially high volume was seen for the $23 strike put option expiring August 18, 2023, with 8,797 contracts trading so far today, representing approximately 879,700 underlying shares of HUN. Especially high volume was seen for the $370 strike put option expiring July 21, 2023, with 1,433 contracts trading so far today, representing approximately 143,300 underlying shares of DE.
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Below is a chart showing CVX's trailing twelve month trading history, with the $200 strike highlighted in orange: Huntsman Corp (Symbol: HUN) saw options trading volume of 9,360 contracts, representing approximately 936,000 underlying shares or approximately 45.8% of HUN's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing HUN's trailing twelve month trading history, with the $23 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 10,202 contracts, representing approximately 1.0 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.2 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $370 strike highlighted in orange: For the various different available expirations for CVX options, HUN options, or DE 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 Chevron Corporation (Symbol: CVX), where a total of 41,818 contracts have traded so far, representing approximately 4.2 million underlying shares. Below is a chart showing CVX's trailing twelve month trading history, with the $200 strike highlighted in orange: Huntsman Corp (Symbol: HUN) saw options trading volume of 9,360 contracts, representing approximately 936,000 underlying shares or approximately 45.8% of HUN's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing HUN's trailing twelve month trading history, with the $23 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 10,202 contracts, representing approximately 1.0 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.2 million shares.
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Especially high volume was seen for the $23 strike put option expiring August 18, 2023, with 8,797 contracts trading so far today, representing approximately 879,700 underlying shares of HUN. Below is a chart showing HUN's trailing twelve month trading history, with the $23 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 10,202 contracts, representing approximately 1.0 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $370 strike put option expiring July 21, 2023, with 1,433 contracts trading so far today, representing approximately 143,300 underlying shares of DE.
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b046e9c8-d198-4f9a-b603-0de7a02b09e0
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720483.0
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2023-06-20 00:00:00 UTC
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Cross-Sector Comparison: Is Caterpillar Stock A Better Pick Over J&J?
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DE
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https://www.nasdaq.com/articles/cross-sector-comparison%3A-is-caterpillar-stock-a-better-pick-over-jj
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nan
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nan
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We believe that Caterpillar stock (NYSE: CAT) is a better pick than the pharmaceutical bellwether Johnson & Johnson stock (NYSE: JNJ), given its better prospects. Although these companies are from different sectors, we compare them because they have a similar P/EBIT ratio of 15x-17x. 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 compare their valuations.
Looking at stock returns, CAT stock has fared slightly better, with a 2% rise this year, compared to a 9% fall for JNJ, but both have underperformed the broader S&P500 index, up 14%. There is more to the comparison, and in the sections below, we discuss the possible returns for Caterpillar and J&J 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 Caterpillar vs. Johnson & Johnson: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Caterpillar’s Revenue Growth Is Better
Caterpillar’s revenue growth has been marginally better, with a 5.4% average annual growth rate in the last three years, compared to 5.1% for J&J.
Caterpillar is benefiting from the rise in commodity prices. Higher commodity prices translate into higher capital spending for miners, bolstering Caterpillar’s equipment demand. Also, a rebound in overall equipment demand since the pandemic has supported the company’s top-line expansion.
While J&J’s medical devices business (MedTech) faced headwinds in 2020 due to the pandemic’s impact, it rebounded in 2021. The pharmaceuticals segment saw a 14% rise in 2021 sales, and the medical devices segment sales were up 18%.
If we look at the last twelve-month period revenues, Caterpillar has fared better with sales growth of 17.1% vs. 1.5% for J&J.
A better pricing environment has driven Caterpillar’s revenue growth in recent quarters.
The growth for J&J’s medical devices and pharmaceuticals businesses slowed to 1% each in 2022. This can partly be attributed to lower contribution from the Covid-19 vaccine and falling sales for Remicade, which now faces biosimilar competition.
Our Caterpillar Revenue Comparison and Johnson & Johnson Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, Caterpillar’s revenue is expected to grow faster than J&J’s over the next three years. The table below summarizes our revenue expectations for the two companies over the next three years. It points to a CAGR of 3% for J&J, compared to a 9% CAGR for Caterpillar, based on Trefis Machine Learning analysis.
J&J’s pharmaceuticals business will likely benefit from market share gains for its cancer drug – Darzalex – and immunology drugs, Erleada and Tremfya. The company is currently in the process of spinning off its consumer healthcare business as a separately traded company – Kenvue – which has already filed for an IPO. The company completed the acquisition of heart pump maker – Abiomed – last year, and it is expected to aid the top-line growth of its MedTech segment.
Caterpillar is expected to continue to benefit from a robust demand and pricing environment.
Note that we have different methodologies for companies negatively impacted by Covid and those not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to predict recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. J&J Is More Profitable
Caterpillar’s reported operating margin slid from 14.6% in 2019 to 12.6% in 2022 due to increased input costs. In comparison, J&J’s margin saw modest growth from 24.1% to 24.6% over this period.
Looking at the last twelve-month period, J&J’s operating margin of 25% fares better than 13.5% for Caterpillar.
Our Caterpillar Operating Income Comparison and Johnson & Johnson Operating Income Comparison dashboards provide more details.
J&J’s free cash flow margin of 21.3% is better than 14.6% for Caterpillar.
Looking at financial risk, J&J fares better with its 10% debt as a percentage of equity much lower than 29% for Caterpillar, and its 13% cash as a percentage of assets higher than 8% for the latter, implying that J&J has a better debt position and more cash cushion.
3. The Net of It All
We see that Caterpillar has demonstrated better revenue growth. On the other hand, J&J is more profitable and has a better financial position.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Caterpillar is the better choice.
Looking at valuation, J&J fares better when compared to the historical average. Caterpillar stock trades at 2.0x trailing revenues, aligning with the last five-year average, while J&J trades at 4.4x trailing revenues vs. the last five-year average of 4.9x.
Our Caterpillar (CAT) Valuation Ratios Comparison and Johnson & Johnson (JNJ) Valuation Ratios Comparison have more details.
However, Caterpillar’s faster sales growth expected in the next three years gives it a slight edge over J&J.
For perspective, even if we consider the current P/S multiple of 2x, Caterpillar’s revenue of $79 billion in the next three years will result in a higher market capitalization of around $158 billion compared to the $125 billion currently, implying nearly 25% potential returns.
In contrast, J&J’s revenue will likely be about $105 billion in the next three years, and assuming it maintains its current P/S multiple of 4.4x, the market capitalization will be around $463 billion, vs. $420 billion currently, implying roughly 10% gains.
Overall, we believe investors willing to choose between these two stocks will likely be better off buying Caterpillar for the next three years.
While CAT may outperform JNJ stock, it is helpful to see how Caterpillar’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
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 Johnson & Johnson vs. HCA.
Despite inflation rising and the Fed raising interest rates, CAT stock has risen 2% this year. But can it drop from here? See how low Caterpillar stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.
Returns Jun 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
CAT Return 18% 2% 162%
JNJ Return 4% -9% 40%
S&P 500 Return 5% 14% 95%
Trefis Multi-Strategy Portfolio 6% 16% 267%
[1] Month-to-date and year-to-date as of 6/14/2023
[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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This can partly be attributed to lower contribution from the Covid-19 vaccine and falling sales for Remicade, which now faces biosimilar competition. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style. Looking at stock returns, CAT stock has fared slightly better, with a 2% rise this year, compared to a 9% fall for JNJ, but both have underperformed the broader S&P500 index, up 14%.
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Our Caterpillar Revenue Comparison and Johnson & Johnson Revenue Comparison dashboards provide more insight into the companies’ sales. Our Caterpillar Operating Income Comparison and Johnson & Johnson Operating Income Comparison dashboards provide more details. Our Caterpillar (CAT) Valuation Ratios Comparison and Johnson & Johnson (JNJ) Valuation Ratios Comparison have more details.
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Our Caterpillar Revenue Comparison and Johnson & Johnson Revenue Comparison dashboards provide more insight into the companies’ sales. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style. Looking at stock returns, CAT stock has fared slightly better, with a 2% rise this year, compared to a 9% fall for JNJ, but both have underperformed the broader S&P500 index, up 14%.
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Looking at stock returns, CAT stock has fared slightly better, with a 2% rise this year, compared to a 9% fall for JNJ, but both have underperformed the broader S&P500 index, up 14%. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style. Higher commodity prices translate into higher capital spending for miners, bolstering Caterpillar’s equipment demand.
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9aa2feff-8447-475b-acd2-1095f3e73176
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720484.0
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2023-06-18 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-24
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return.
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51746647-dba1-4c3e-9c51-454a88cfa524
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720485.0
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2023-06-18 00:00:00 UTC
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Top 3 Agricultural and Heavy-Duty Machinery Companies to Watch
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DE
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https://www.nasdaq.com/articles/top-3-agricultural-and-heavy-duty-machinery-companies-to-watch
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With inflation pushing food prices ever higher, agricultural companies are coming to the rescue with better machines and greater efficiency. Hopefully, by producing more food at a lower cost, inflation can cool, and prices stabilize. The Fed raising interest rates isn’t the only way inflation can come down.
Farming has never been more mechanized than it is today. And this trend toward mechanization will only increase in the future. Many of the top industrial stocks are heavily reliant on agribusiness. And the growth in machinery stocks is likely to continue as long as the population keeps growing as well.
In addition to the growing population and rising prices, sustainability and waste have become key topics of discussion. Many governments have shown concern over emissions and waste produced by farming activities. Farms and farmers, in turn, may need to reduce their emissions and waste or face fines and regulations. But the best machinery stocks are already working on solutions to these problems with precision agriculture and precise equipment control.
Overall, farms and farming face several challenges, but those challenges are opportunities for agricultural and machinery stocks. The companies that can meet these challenges and help farmers produce more food, with fewer inputs, in a more sustainable way will have enormous gains in the future. So here are some of the best agricultural and machinery stocks to watch.
Deere and Company (DE)
Source: Jim Lambert / Shutterstock.com
Deere (NYSE:DE) has been a renowned name in agricultural machinery for over a century. And despite being an old company, they make far more than just plows and tractors. Deere has become a leader in precision agriculture, letting farmers do more with less. Precision agriculture will be key in the coming years. As resources become more scarce while the population grows ever larger, precision agriculture will be necessary to keep everyone fed.
Deere has also been expanding through acquisitions. They have purchased full control of some joint ventures they made with Hitachi (OTCMKTS:HTHIY). And have acquired a majority stake in battery technology company Kreisel. The expansion, and expansion into newer areas of technology, is a strong factor in their continued growth.
Despite recent fluctuations in stock price, Deere has had an impressive 2023 in financial terms. Deere beat earnings and raised guidance recently, with a year-over-year revenue and net income growth of 30% and 36%, respectively. Total revenue went from $13.3 billion to $17.3 billion, while net income went from $2.1 billion to $2.9 billion. Deere is showing its ability to grow rapidly and profitably. And their continued leadership in the technology parts of agribusiness makes them a good bet for the future as well.
The bottom line is that agriculture will need to continue to adapt in the face of increasing population and resource depletion. Deere is positioning itself well to reap the benefits of that adaptation. And that makes them one of the top agricultural machinery stocks to buy.
Caterpillar (CAT)
Source: Shutterstock
Caterpillar (NYSE:CAT) sells heavy machinery for nearly every major industry. They are a visible leader on construction sites for buildings, roads, and everything in between. They are a leader in mining and energy. And they are also a major agriculture machinery stock that should definitely be on your watchlist.
Caterpillar is an exciting stock in part because of their movement toward electric vehicles (EVs). They have recently created a first-of-its-kind electric mining truck, for instance. And have previously rolled out electric excavators. As a major farming manufacturer, Caterpillar is poised to bring such vehicles to farms as well. One of the common problems with modern EVs is range anxiety. But most farming equipment won’t travel hundreds of miles from home, so range anxiety will be less important. If EVs truly are the future, Caterpillar’s move is placing them as one of the best machinery stocks to buy.
Caterpillar has seen strong growth recently, according to their latest earnings report. Revenue grew from $13.6 billion to $15.86 billion, while profit grew from $1.53 billion to $1.94 billion. They have also increased their dividend, making them more attractive to value investors.
Machinery is a business where innovation is key, just like any other industry. World leaders committed to net zero have favored farmers to reduce their emissions. The pressures of regulation and potential tax could lead many farmers towards electric vehicles. And that could make Caterpillar a top industrial stock of the future.
AGCO (AGCO)
Source: Pavel Kapysh/ShutterStock.com
AGCO (NYSE:AGCO) is a big global agricultural machinery industry player. As the world’s third largest agriculture machinery manufacturer, AGCO is growing to quickly rival its much older competitors.
AGCO’s standout feature is its involvement in smart farming. For example, they are developing advanced smart spraying solutions through a joint venture with Bosch and BASF. These solutions will help to optimize crop protection practices and use fewer chemicals. AGCO’s Fuse smart farming solution also lets farmers maximize productivity while minimizing resource usage. A key goal of sustainable agriculture.
Despite or perhaps because it is a younger player, AGCO has rapidly gained traction through its ability to innovate. AGCO has incorporated the Internet of Things (IoT) into its machinery, enabling increased accuracy and precision in farming operations. This integration of technology enhances efficiency, productivity, and yield potential for farmers.
AGCO’s most recent earnings report showed its potential for rapid growth. They beat EPS earnings estimates by 30%, with net sales of $3.3 billion (up 24% from $2.69 billion a year ago) and net income of $232.6 million (up 53% from $152 million a year ago). Smart and sustainable agriculture will be key to reducing emissions and producing more with less (which will also help with inflation). AGCO has shown it can be a key player in the industry and is easily one of the best agricultural machinery stocks to buy.
On the date of publication, John Blankenhorn 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.
John Blankenhorn is a neuroscientist at Emory University. He has significant experience in biochemistry, biotechnology and pharmaceutical research.
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The post Top 3 Agricultural and Heavy-Duty Machinery Companies to Watch 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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Deere and Company (DE) Source: Jim Lambert / Shutterstock.com Deere (NYSE:DE) has been a renowned name in agricultural machinery for over a century. And despite being an old company, they make far more than just plows and tractors. Deere has become a leader in precision agriculture, letting farmers do more with less.
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Deere beat earnings and raised guidance recently, with a year-over-year revenue and net income growth of 30% and 36%, respectively. Deere and Company (DE) Source: Jim Lambert / Shutterstock.com Deere (NYSE:DE) has been a renowned name in agricultural machinery for over a century. And despite being an old company, they make far more than just plows and tractors.
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Deere and Company (DE) Source: Jim Lambert / Shutterstock.com Deere (NYSE:DE) has been a renowned name in agricultural machinery for over a century. And despite being an old company, they make far more than just plows and tractors. Deere has become a leader in precision agriculture, letting farmers do more with less.
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Deere has become a leader in precision agriculture, letting farmers do more with less. Deere and Company (DE) Source: Jim Lambert / Shutterstock.com Deere (NYSE:DE) has been a renowned name in agricultural machinery for over a century. And despite being an old company, they make far more than just plows and tractors.
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2120665a-0a31-4dd0-87d8-a9df46f6d5b7
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720486.0
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2023-06-16 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-2
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
High Momentum Stocks
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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6ec815b0-09d4-44f7-80d5-29012a1af7a2
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720487.0
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2023-06-15 00:00:00 UTC
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Top Buys by Directors: Erwin's $250.5K Bet on DE
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DE
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https://www.nasdaq.com/articles/top-buys-by-directors%3A-erwins-%24250.5k-bet-on-de
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nan
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nan
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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company 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 in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $250.5K by Tami A. Erwin, Director at Deere & Co. (Symbol: DE).
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
06/06/2023 Tami A. Erwin Director 675 $371.05 $250,458.75
Erwin's average cost works out to $371.05/share. Shares of Deere & Co. were changing hands at $405.21 at last check, trading up about 1.6% on Thursday. 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $405.21.
The current annualized dividend paid by Deere & Co. is $5/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/29/2023. Below is a long-term dividend history chart for DE, which can be of good help in judging whether the most recent dividend with approx. 1.2% annualized yield is likely to continue.
Click here to find out which other top insider buys by company directors you need to know about »
Also see:
EPZM Stock Predictions
ARTC Insider Buying
Funds Holding ICBK
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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Presumably the only reason a director of a company 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $405.21. Click here to find out which other top insider buys by company directors you need to know about » Also see: EPZM Stock Predictions ARTC Insider Buying Funds Holding ICBK 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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So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $250.5K by Tami A. Erwin, Director at Deere & Co. (Symbol: DE). Click here to find out which other top insider buys by company directors you need to know about » Also see: EPZM Stock Predictions ARTC Insider Buying Funds Holding ICBK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice.
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So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $250.5K by Tami A. Erwin, Director at Deere & Co. (Symbol: DE). 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $405.21. Click here to find out which other top insider buys by company directors you need to know about » Also see: EPZM Stock Predictions ARTC Insider Buying Funds Holding ICBK 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 directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $405.21. Below is a long-term dividend history chart for DE, which can be of good help in judging whether the most recent dividend with approx.
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0556cab1-9860-4f56-8644-5790a2028352
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720488.0
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2023-06-14 00:00:00 UTC
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Deere (DE) Crossed Above the 200-Day Moving Average: What That Means for Investors
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DE
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https://www.nasdaq.com/articles/deere-de-crossed-above-the-200-day-moving-average%3A-what-that-means-for-investors
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nan
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nan
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Deere (DE) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, DE broke through the 200-day moving average, which suggests a long-term bullish trend.
The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or resistance level.
Over the past four weeks, DE has gained 9.8%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.
The bullish case only gets stronger once investors take into account DE's positive earnings estimate revisions. There have been 14 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on DE for more gains in the near future.
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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 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on DE for more gains in the near future. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, DE broke through the 200-day moving average, which suggests a long-term bullish trend.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, DE broke through the 200-day moving average, which suggests a long-term bullish trend.
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With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on DE for more gains in the near future. Deere (DE) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, DE broke through the 200-day moving average, which suggests a long-term bullish trend.
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f7ec58ef-60c3-4a47-8023-e277c36f790d
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720489.0
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2023-06-14 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
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: FAIL
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
High Momentum Stocks
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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90200267-cc28-4ad2-9c49-489e8e4a5418
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720490.0
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2023-06-13 00:00:00 UTC
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Why Caterpillar and Deere Outpaced the Market on Tuesday
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DE
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https://www.nasdaq.com/articles/why-caterpillar-and-deere-outpaced-the-market-on-tuesday
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nan
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nan
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What happened
Shares of heavy machinery makers Caterpillar (NYSE: CAT) and Deere & Company (NYSE: DE) were up 3.2% and 3.0%, respectively, as of 3:44 p.m. ET Tuesday versus the S&P 500's (SNPINDEX: ^GSPC) more modest gain of only 0.65%. While no company-specific news surfaced for either name, the economic backdrop increasingly favors both stocks.
So what
It's complicated, sort of.
While farming equipment outfit Deere and mining/construction equipment company Caterpillar are both sensitive to economic strength or weakness, both are also subject to other factors. Chief among these factors is the price of the materials needed to build their wares -- steel, namely. High steel prices can undermine results that would otherwise be robust due to economic strength. Conversely, low steel prices can salvage weak results stemming from a tepid economy.
As it stands right now, though, Caterpillar and Deere might be poised to enjoy the combination of a healthy economy and subdued metal prices.
Regarding the former, Tuesday's consumer inflation report suggests that tempered economic strength is in the cards rather than the feared, deeply damaging recession. The Bureau of Labor Statistics reports that the annualized inflation rate for U.S. consumers fell to a two-year low of 4% last month. Although still above norms and still relatively high when excluding fuel and food prices, the number is slowly inching its way back to tolerable levels.
At the same time, iron ore prices -- a key barometer of Deere's and Caterpillar's materials costs -- have renewed a downtrend that first took shape in mid-March.
And this weakness could persist. Goldman Sachs recently warned that China's once-robust demand for the building material could wane as its construction ambitions run into the headwind of fiscal reality. Indeed, Fitch Solutions fears that a slowdown in China's building goals could work against steel prices for up to five years, just as many mines and developmental efforts are coming back online to restore supply following pandemic-prompted shutdowns.
It's not all bad news, though. Just today, the European Steel Association also announced its prediction that steel consumption within the EU will grow by 5.4% in 2024, which is quite a bit by the commodity's historical standards. Although the outlook is specific to the continent, it still points to global demand that includes equipment manufacturers like Deere & Co. and Caterpillar.
Now what
It's tricky to sift the temporary noise from dynamics that will be long-lived. To the extent that it can be done, however, the global underpinnings favor Deere and Caterpillar more than they don't.
See, the steel price cycle can last for years, because it takes years to open or reopen a mine, and closing one -- even temporarily -- for price-related reasons can prove costly. That's why iron ore supplies should remain robust for the foreseeable future, keeping steel costs in check while the global economy resumes its post-pandemic recovery.
It's an ideal scenario for Deere and Caterpillar. But more than that, it's a reason to step into either stock even following their recent rallies.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. 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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Goldman Sachs recently warned that China's once-robust demand for the building material could wane as its construction ambitions run into the headwind of fiscal reality. Indeed, Fitch Solutions fears that a slowdown in China's building goals could work against steel prices for up to five years, just as many mines and developmental efforts are coming back online to restore supply following pandemic-prompted shutdowns. That's why iron ore supplies should remain robust for the foreseeable future, keeping steel costs in check while the global economy resumes its post-pandemic recovery.
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Regarding the former, Tuesday's consumer inflation report suggests that tempered economic strength is in the cards rather than the feared, deeply damaging recession. Goldman Sachs recently warned that China's once-robust demand for the building material could wane as its construction ambitions run into the headwind of fiscal reality. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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While farming equipment outfit Deere and mining/construction equipment company Caterpillar are both sensitive to economic strength or weakness, both are also subject to other factors. What happened Shares of heavy machinery makers Caterpillar (NYSE: CAT) and Deere & Company (NYSE: DE) were up 3.2% and 3.0%, respectively, as of 3:44 p.m. ET Tuesday versus the S&P 500's (SNPINDEX: ^GSPC) more modest gain of only 0.65%.
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While farming equipment outfit Deere and mining/construction equipment company Caterpillar are both sensitive to economic strength or weakness, both are also subject to other factors. High steel prices can undermine results that would otherwise be robust due to economic strength. Regarding the former, Tuesday's consumer inflation report suggests that tempered economic strength is in the cards rather than the feared, deeply damaging recession.
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3345fea9-4a0a-402e-b114-48c192c88dda
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720491.0
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2023-06-13 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - DE
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DE
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-de
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nan
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nan
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $395.12, changing hands as high as $399.37 per share. Deere & Co. shares are currently trading up about 2.9% 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $399.89. The DE DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
Also see:
Stocks Analysts Like But Hedge Funds Are Selling
Analog Devices shares outstanding history
BIP Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $395.12, changing hands as high as $399.37 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $399.89. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Stocks Analysts Like But Hedge Funds Are Selling Analog Devices shares outstanding history BIP Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $395.12, changing hands as high as $399.37 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $399.89. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Stocks Analysts Like But Hedge Funds Are Selling Analog Devices shares outstanding history BIP Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $395.12, changing hands as high as $399.37 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 $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $399.89. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Stocks Analysts Like But Hedge Funds Are Selling Analog Devices shares outstanding history BIP Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $395.12, changing hands as high as $399.37 per share. Deere & Co. shares are currently trading up about 2.9% on the day. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Stocks Analysts Like But Hedge Funds Are Selling Analog Devices shares outstanding history BIP Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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b9c8595b-eef4-4f37-bf8d-2f3dc6766ce1
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720492.0
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2023-06-12 00:00:00 UTC
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This Simple but Effective Fund is 2023’s Most Popular ETF
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DE
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https://www.nasdaq.com/articles/this-simple-but-effective-fund-is-2023s-most-popular-etf
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nan
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nan
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One ETF has taken in more money than all others so far in 2023, with a massive $11.3 billion in inflows as of June 6th, according to FactSet. But it’s not a hot new AI fund or an ETF capitalizing on other en-vogue tech trends, although it will give you some exposure to them. Instead, it’s arguably one of the most boring, vanilla ETFs out there, but this doesn’t mean it can’t help you to grow your portfolio. It’s the Vanguard S&P 500 ETF (NYSEARCA:VOO). In fact, whether you are just beginning your investing journey or if you are already a veteran trader who has spent years in the investing game, this unassuming but massive ETF can serve as a sound building block for your portfolio. Here’s why.
Harness the Power of the Entire S&P 500 in Your Portfolio
The Vanguard S&P 500 ETF boasts over $300 billion in assets under management (AUM), making it the third-largest ETF in the market today. While there are many complex investing strategies and products out there that claim to offer investors a leg up on the market, VOO keeps it simple. It invests in the S&P 500 (SPX), the index that consists of about 500 of the largest 500 U.S. stocks and arguably the most important and influential index in the investing world.
The S&P 500 covers all sectors of the U.S. economy, so rather than having to bet on individual sectors, an ETF like VOO gives you exposure to them all -- from tech leaders like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) to old economy industrial giants like Caterpillar (NYSE:CAT) and Deere (NYSE:DE) and everything in between.
The great thing about VOO is that it allows investors to harness the power and innovation of a large swath of the U.S. economy in one investment vehicle without having to pick favorite sectors or stocks. An investment in VOO is essentially a bet on around 500 of the top publicly-listed companies in the United States continuing to innovate and profit over time, which has historically been a winning proposition.
Below, you’ll find an overview of VOO’s top 10 holdings, created using TipRanks' holdings tool.
Because it tracks the S&P 500 index itself, the fund is extraordinarily diversified, holding 504 stocks, and its top 10 positions make up just 27.8% of assets. As you can see, top holding Apple accounts for a 7.2% position in the fund, followed by Microsoft, which has a 6.6% weighting, with Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA) and Alphabet (Class A) (NASDAQ:GOOGL) rounding out the top five holdings. However, it’s not just tech stocks, Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) and energy giant ExxonMobil (NYSE:XOM) follow closely behind.
As you can see in the table, VOO's top holdings feature a pretty solid collection of Smart Scores. In fact, four of its top 10 holdings, Apple, Nvidia, Alphabet, and UnitedHealth Group (NYSE:UNH), feature 'Perfect 10' Smart Scores. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating, and VOO itself has a strong ETF Smart Score of 8 out of 10.
Is VOO Stock a Buy, According to Analysts?
So the quantitative factors rate VOO favorably, but what do Wall Street analysts think? VOO earns a Moderate Buy consensus rating on TipRanks based on analysts' ratings, and the average VOO stock price target of $445.50 implies upside potential of 11.9%. Of the 6,212 analyst ratings on the name, 59.13% are Buys, 35.33% are Holds, and just 5.54% are Sells.
Investor-Friendly Fees
In addition to this ample diversification and broad exposure, another attractive feature of VOO is its low expense ratio. It’s hard to beat VOO’s minuscule expense ratio of just 0.03%. An investor putting $10,000 into VOO would pay just $3 in fees in year one. This type of investor-friendly expense structure helps investors defend the principal of their portfolios over time without coughing up too much in fees. For example, assuming this fee remains constant and that the fund returns 5% a year for the next 10 years, an investor will pay just $39 in fees over the course of the decade. Compare this to the multitude of ETFs on the market with expense ratios of 0.75%, where investors are paying $75 in fees on a $10,000 investment in just year one, and you really see the value proposition of an ETF like VOO.
Solid Long-Term Performance
With this diversification and investor-friendly expense ratio, it’s easy to see why this massive ETF is the most popular ETF in terms of inflows so far this year. Still, there’s also another factor leading to its popularity -- its long-term performance track record. VOO has consistently produced double-digit annualized total returns for its investors for a long time. No matter what time horizon you are looking over, VOO has delivered. As of the end of May, VOO had an annualized total return of 12.8% over a three-year time frame. Over a five-year time horizon, the massive ETF has delivered 11% total returns annually. Further, over the past 10 years, VOO returned 11.9% annually. VOO has been around since 2010, and since its inception that year, it has returned a stellar 13.3% on an annualized basis.
Keeping Things Simple Can Pay Off
It doesn’t hurt to keep it simple. While there are plenty of exotic investment strategies out there, few beat an ETF like VOO over the long term. While this S&P 500 ETF isn't the type of investment that is going to give you a multi-bag return in a year, the reality is that few investments are. However, the good news is that investing in a broad-market ETF like this and allowing these gains to compound over the years is a time-tested way to build long-term wealth. Investors can dollar-cost average over time when they have a surplus of cash and/or when the S&P 500 falls while reinvesting dividends to amplify these results even more.
VOO’s strong performance track record, investor-friendly expense ratio, and portfolio of around 500 of the top U.S. stocks have made it a winner for a long time, and it's likely to remain a winner for the foreseeable future.
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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In fact, whether you are just beginning your investing journey or if you are already a veteran trader who has spent years in the investing game, this unassuming but massive ETF can serve as a sound building block for your portfolio. Harness the Power of the Entire S&P 500 in Your Portfolio The Vanguard S&P 500 ETF boasts over $300 billion in assets under management (AUM), making it the third-largest ETF in the market today. It invests in the S&P 500 (SPX), the index that consists of about 500 of the largest 500 U.S. stocks and arguably the most important and influential index in the investing world.
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Over a five-year time horizon, the massive ETF has delivered 11% total returns annually. VOO’s strong performance track record, investor-friendly expense ratio, and portfolio of around 500 of the top U.S. stocks have made it a winner for a long time, and it's likely to remain a winner for the foreseeable future. In fact, whether you are just beginning your investing journey or if you are already a veteran trader who has spent years in the investing game, this unassuming but massive ETF can serve as a sound building block for your portfolio.
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The S&P 500 covers all sectors of the U.S. economy, so rather than having to bet on individual sectors, an ETF like VOO gives you exposure to them all -- from tech leaders like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) to old economy industrial giants like Caterpillar (NYSE:CAT) and Deere (NYSE:DE) and everything in between. VOO earns a Moderate Buy consensus rating on TipRanks based on analysts' ratings, and the average VOO stock price target of $445.50 implies upside potential of 11.9%. Compare this to the multitude of ETFs on the market with expense ratios of 0.75%, where investors are paying $75 in fees on a $10,000 investment in just year one, and you really see the value proposition of an ETF like VOO.
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Compare this to the multitude of ETFs on the market with expense ratios of 0.75%, where investors are paying $75 in fees on a $10,000 investment in just year one, and you really see the value proposition of an ETF like VOO. In fact, whether you are just beginning your investing journey or if you are already a veteran trader who has spent years in the investing game, this unassuming but massive ETF can serve as a sound building block for your portfolio. Harness the Power of the Entire S&P 500 in Your Portfolio The Vanguard S&P 500 ETF boasts over $300 billion in assets under management (AUM), making it the third-largest ETF in the market today.
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720493.0
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2023-06-12 00:00:00 UTC
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Notable Monday Option Activity: DE, PANW, AZO
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-de-panw-azo
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 12,203 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.9% of DE's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $392.50 strike call option expiring June 16, 2023, with 1,212 contracts trading so far today, representing approximately 121,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $392.50 strike highlighted in orange:
Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 35,402 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 54.8% of PANW's average daily trading volume over the past month, of 6.5 million shares. Especially high volume was seen for the $230 strike call option expiring June 16, 2023, with 3,246 contracts trading so far today, representing approximately 324,600 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $230 strike highlighted in orange:
And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 1,202 contracts, representing approximately 120,200 underlying shares or approximately 51.2% of AZO's average daily trading volume over the past month, of 234,595 shares. Particularly high volume was seen for the $2510 strike call option expiring January 17, 2025, with 101 contracts trading so far today, representing approximately 10,100 underlying shares of AZO. Below is a chart showing AZO's trailing twelve month trading history, with the $2510 strike highlighted in orange:
For the various different available expirations for DE options, PANW options, or AZO options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Cheap Dividend Stocks
OSMT shares outstanding history
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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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Especially high volume was seen for the $392.50 strike call option expiring June 16, 2023, with 1,212 contracts trading so far today, representing approximately 121,200 underlying shares of DE. Especially high volume was seen for the $230 strike call option expiring June 16, 2023, with 3,246 contracts trading so far today, representing approximately 324,600 underlying shares of PANW. Particularly high volume was seen for the $2510 strike call option expiring January 17, 2025, with 101 contracts trading so far today, representing approximately 10,100 underlying shares of AZO.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 12,203 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $392.50 strike call option expiring June 16, 2023, with 1,212 contracts trading so far today, representing approximately 121,200 underlying shares of DE. Below is a chart showing PANW's trailing twelve month trading history, with the $230 strike highlighted in orange: And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 1,202 contracts, representing approximately 120,200 underlying shares or approximately 51.2% of AZO's average daily trading volume over the past month, of 234,595 shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 12,203 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $392.50 strike call option expiring June 16, 2023, with 1,212 contracts trading so far today, representing approximately 121,200 underlying shares of DE. Below is a chart showing PANW's trailing twelve month trading history, with the $230 strike highlighted in orange: And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 1,202 contracts, representing approximately 120,200 underlying shares or approximately 51.2% of AZO's average daily trading volume over the past month, of 234,595 shares.
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Especially high volume was seen for the $230 strike call option expiring June 16, 2023, with 3,246 contracts trading so far today, representing approximately 324,600 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $230 strike highlighted in orange: And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 1,202 contracts, representing approximately 120,200 underlying shares or approximately 51.2% of AZO's average daily trading volume over the past month, of 234,595 shares. Below is a chart showing AZO's trailing twelve month trading history, with the $2510 strike highlighted in orange: For the various different available expirations for DE options, PANW options, or AZO options, visit StockOptionsChannel.com.
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720494.0
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2023-06-12 00:00:00 UTC
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Is JCI A Better Pick Over Honeywell Stock?
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https://www.nasdaq.com/articles/is-jci-a-better-pick-over-honeywell-stock
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We believe Johnson Controls stock (NYSE: JCI) is a better pick than its sector peer, Honeywell stock (NYSE: HON), given its better prospects. JCI trades at a higher valuation multiple of 4.6x trailing revenues, vs. 3.7x for Honeywell, partly due to its better revenue growth. However, we believe this gap should narrow over time in favor of Honeywell, given its superior profitability and financial position, as discussed below. Still, JCI remains a better pick in our view.
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 7% this year, JCI is flat, and the S&P500 index is up 11%. There is more to the comparison, and in the sections below, we discuss why we believe that JCI 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. Johnson Controls: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Johnson Controls’ Revenue Growth Is Better
Johnson Controls’ revenue growth has been better, with a 3.3% 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.
Johnson Controls also faced headwinds in 2020 due to the impact of the pandemic. However, it has seen a rebound in building products and solutions demand over the last few years. This clubbed with better price realization for its HVAC products, has bolstered its top-line growth in the recent past.
If we look at the last twelve-month period revenues, both Honeywell and Johnson Controls have seen sales growth of 4.8%.
While better price realization and pick-up in demand for aviation has led the sales growth for Honeywell in the recent quarters, strong demand trends for Johnson Controls’ commercial HVAC and fire and safety products have bolstered its top-line expansion.
Our Honeywell Revenue Comparison and Johnson Controls Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, Johnson Controls’ revenue is expected to grow faster than Honeywell’s over the next three years. The table below summarizes our revenue expectations for the two companies over the next three years. It points to a CAGR of 3% for Honeywell, compared to a 9% CAGR for Johnson Controls, based on Trefis Machine Learning analysis.
Note that we have different methodologies for companies negatively impacted by Covid and those not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to predict recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. Honeywell Is More Profitable
Honeywell’s operating margin has slid slightly from 18.7% in 2019 to 18.1% in 2022, while Johnson Controls’ operating margin rose from 12.2% to 18.2% over this period.
Looking at the last twelve-month period, Honeywell’s operating margin of 19.0% fares better than 15.7% for Johnson Controls.
Our Honeywell Operating Income Comparison and Johnson Controls Operating Income Comparison dashboards have more details.
Johnson Controls’ free cash flow margin of 18% is higher than 12% for Honeywell.
Looking at financial risk, Honeywell fares better with its 14% debt as a percentage of equity, lower than 24% for Johnson Controls and its 12% cash as a percentage of assets higher than 5% 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, has a better financial position, and is trading at a lower valuation multiple than JCI. On the other hand, Johnson Controls has seen better revenue growth.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Johnson Controls is the better choice of the two, despite it being more expensive.
Both stocks are trading at a slightly higher multiple compared to their historical averages. Honeywell’s stock trades at 3.7x trailing revenues vs. the last five-year average of 3.5x, and Johnson Controls’ stock trades at 4.6x trailing revenues vs. the last five-year average of 4.2x.
Our Honeywell (HON) Valuation Ratios Comparison and Johnson Controls (JCI) Valuation Ratios Comparison have more details.
The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 1% for Honeywell over this period vs. an 18% expected return for Johnson Controls, based on Trefis Machine Learning analysis – Honeywell vs. Johnson Controls – which also provides more details on how we arrive at these numbers.
While JCI 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 7% 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.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.
Returns Jun 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HON Return 4% -7% 79%
JCI Return 7% 0% 55%
S&P 500 Return 2% 11% 91%
Trefis Multi-Strategy Portfolio 4% 14% 259%
[1] Month-to-date and year-to-date as of 6/8/2023
[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 supply-chain issues and slowing economic growth. JCI trades at a higher valuation multiple of 4.6x trailing revenues, vs. 3.7x for Honeywell, partly due to its better revenue growth. While HON is down 7% this year, JCI is flat, and the S&P500 index is up 11%.
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Honeywell’s stock trades at 3.7x trailing revenues vs. the last five-year average of 3.5x, and Johnson Controls’ stock trades at 4.6x trailing revenues vs. the last five-year average of 4.2x. Our Honeywell (HON) Valuation Ratios Comparison and Johnson Controls (JCI) Valuation Ratios Comparison have more details. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 1% for Honeywell over this period vs. an 18% expected return for Johnson Controls, based on Trefis Machine Learning analysis – Honeywell vs. Johnson Controls – which also provides more details on how we arrive at these numbers.
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Honeywell’s stock trades at 3.7x trailing revenues vs. the last five-year average of 3.5x, and Johnson Controls’ stock trades at 4.6x trailing revenues vs. the last five-year average of 4.2x. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 1% for Honeywell over this period vs. an 18% expected return for Johnson Controls, based on Trefis Machine Learning analysis – Honeywell vs. Johnson Controls – which also provides more details on how we arrive at these numbers. JCI trades at a higher valuation multiple of 4.6x trailing revenues, vs. 3.7x for Honeywell, partly due to its better revenue growth.
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JCI trades at a higher valuation multiple of 4.6x trailing revenues, vs. 3.7x for Honeywell, partly due to its better revenue growth. 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 7% this year, JCI is flat, and the S&P500 index is up 11%.
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2023-06-11 00:00:00 UTC
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7 Top Blue-Chip Stocks to Buy in June 2023
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https://www.nasdaq.com/articles/7-top-blue-chip-stocks-to-buy-in-june-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The market probably feels like the movie Groundhog’s Day for many investors. The major indexes continue to trade within a range, which is frustrating both bulls and bears. And with the market entering what is usually a quieter period, it may stay this way until Labor Day. However, one key strategy for profiting in a market like this is to look for some top blue-chip stocks to buy.
Blue-chip stocks are large-cap companies that offer investors predictable revenue and earnings growth. Many of these stocks pay dividends which helps boost the total return you get for many stocks. The benefit of owning blue-chip stocks is their dependability. These stocks can be foundational stocks that help you manage risk in your portfolio. In fact, here are seven top blue-chip stocks to consider now.
KMI Kinder Morgan $17.03
VZ Verizon $35.47
ABBV AbbVie $138.18
PFE Pfizer $38.97
DE Deere $378.87
JNJ Johnson & Johnson $160.01
BAC Bank of America $29.27
Kinder Morgan (KMI)
Source: Shutterstock
The first among the top blue-chip stocks to buy is Kinder Morgan (NYSE:KMI). The company owns and controls 83,000 miles of pipeline and 143 terminals throughout North America.
Oil prices have been mostly muted since Saudi Arabia unilaterally announced it would cut an additional million barrels of oil production starting in July. But this shouldn’t affect Kinder Morgan at all. The company’s business model relies on long-term contracts that come with regulated rate structures. The bottom line for investors is that over 90% of the company’s cash flows are not exposed to commodity prices.
You have to be careful not to confuse a stock’s price with its value. KMI stock is trading under $20, but in this case, it also looks to be trading at a discount. Its forward P/E ratio is 15.8x earnings. And analysts give the stock an upside of 19.7%. Plus, investors get a company that is a cash-generating machine. And that machine gets put to use to grow the company’s dividend which currently has a yield of 6.5%.
Verizon (VZ)
Source: Shutterstock
Next up on this list of top blue-chip stocks to own is Verizon Communications (NYSE:VZ). The company is in a very competitive business with low margins and little to differentiate one company from another. The continued expansion of 5G will continue for the rest of the decade. And that means that Verizon will have revenue and earnings. Sure, Verizon isn’t the only game in town when it comes to wireless carriers, but it has an established user base that provides sticky revenue.
Analysts are projecting earnings growth of 0.21% this year. But slower growth does not mean the stock is failing. Quite the opposite. And that turns our attention to the company’s dividend which has a yield of over 7%. When you combine that with a P/E ratio of around 6.8x, you can see why VZ stock is a compelling choice for income-oriented investors.
AbbVie (ABBV)
Source: Shutterstock
There’s also AbbVie (NYSE:ABBV). While the stock is down about 15% in 2023, there’s still a lot to like here. Granted, its signature drug Humira is facing biosimilar competition, which has been a negative for the ABBV stock. However, the company has other drugs such as Rinvoq and Skyrizi that are helping to pick up the slack. And in the first quarter, both drugs posted revenue gains of over 40%. Add to this an expansive pipeline and AbbVie will continue to deliver for investors for years to come. Investors that are looking to scoop up ABBV shares near their 52-week low will also benefit from a juicy yield of 4.3% yield.
Pfizer (PFE)
Source: Shutterstock
Another top blue-chip stock to consider is Pfizer (NYSE:PFE). Lately, the company has been fueled by investor sentiment on the way up and on the way down. However, if you strip away that noise, you see a company that is positioning itself for whatever comes next. It recently acquired Seagen (NASDAQ:SGEN). This will add to Pfizer’s existing pipeline of oncology drugs. In fact, the company believes that Seagen will contribute $10 billion in revenue by 2030.
Pfizer also has the financial resources to be a leader in emerging fields like gene editing and precision medicine. And PFE stock is also objectively undervalued. It trades at just 7.7x earnings and has a consensus upside of about 21%. Plus, it pays a dividend with a 4.19% yield.
Deere (DE)
Source: Shutterstock
When it comes to top blue-chip stocks, like Deere (NYSE:DE), earnings show there is strong demand for farming equipment. Not only is that demand fueling revenue and earnings, but it’s also boosting its free cash flow projections in 2023. Beyond that, Deere is becoming a tech stock that is on the cutting edge of areas such as robotics and autonomous vehicles that are well suited for making agricultural tasks more efficient.
Some skeptics will say that the stock is priced to perfection and that stagnant earnings in 2024 will stunt the company’s growth. But trading for around 11x forward earnings and a price target that suggests a 16% upside, DE stock is offering value even as it trades in the middle of its 52-week range.
Johnson & Johnson (JNJ)
Source: Shutterstock
Johnson & Johnson (NYSE:JNJ) stock is up 30% in the last five years, but it’s down 10% in the last year. All as investors exercise caution with the company’s long-standing lawsuit regarding its talc powder. The company also announced plans to spin off its consumer products division in 2023.
But with the company’s $9 billion settlement of the talc lawsuit in addition to the company’s spinoff of Kenvue (NYSE:KVUE) has quieted some of the noise. Plus, Johnson & Johnson delivered its first quarter earnings which is alleviating concerns about falling revenue now that Stelara faces biosimilar competition.
All of this is allowing investors to focus on the value of JNJ stock. It does carry a hefty current 33x P/E ratio. But that drops to 14x when you look at forward earnings. And Johnson & Johnson is another dividend king on this list with a dividend that the company has been increasing for the last 62 years and is currently yielding 2.98%.
Bank of America (BAC)
Source: Shutterstock
No list of top blue-chip stocks would be complete without at least one Warren Buffett stock. That’s not the only reason to consider Bank of America (NYSE:BAC), but it doesn’t hurt. At a time when investors are increasingly concerned about the security of their deposits, Bank of America is a safe port for consumer dollars and investor capital.
The bank’s revenue and earnings were up sharply in the first quarter of 2023. Skeptics could say that was logical with concerns over regional banks. But if you look back just two quarters, you can see that the bank was showing year-over-year increases in both revenue and earnings. So, a more nuanced look might say this is a continuation of an existing trend. BAC stock is inexpensive at around 8.8x earnings. That’s probably appealing to Buffett who owns 13% of the bank’s stock. The billionaire’s hedge fund also bought 22.8 million more shares in the first quarter.
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 7 Top Blue-Chip Stocks to Buy in June 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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Beyond that, Deere is becoming a tech stock that is on the cutting edge of areas such as robotics and autonomous vehicles that are well suited for making agricultural tasks more efficient. The $1 Investment You MUST Take Advantage of Right Now The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Top Blue-Chip Stocks to Buy in June 2023 appeared first on InvestorPlace. The major indexes continue to trade within a range, which is frustrating both bulls and bears.
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KMI Kinder Morgan $17.03 VZ Verizon $35.47 ABBV AbbVie $138.18 PFE Pfizer $38.97 DE Deere $378.87 JNJ Johnson & Johnson $160.01 BAC Bank of America $29.27 Kinder Morgan (KMI) Source: Shutterstock The first among the top blue-chip stocks to buy is Kinder Morgan (NYSE:KMI). Pfizer (PFE) Source: Shutterstock Another top blue-chip stock to consider is Pfizer (NYSE:PFE). The major indexes continue to trade within a range, which is frustrating both bulls and bears.
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KMI Kinder Morgan $17.03 VZ Verizon $35.47 ABBV AbbVie $138.18 PFE Pfizer $38.97 DE Deere $378.87 JNJ Johnson & Johnson $160.01 BAC Bank of America $29.27 Kinder Morgan (KMI) Source: Shutterstock The first among the top blue-chip stocks to buy is Kinder Morgan (NYSE:KMI). The major indexes continue to trade within a range, which is frustrating both bulls and bears. Many of these stocks pay dividends which helps boost the total return you get for many stocks.
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KMI Kinder Morgan $17.03 VZ Verizon $35.47 ABBV AbbVie $138.18 PFE Pfizer $38.97 DE Deere $378.87 JNJ Johnson & Johnson $160.01 BAC Bank of America $29.27 Kinder Morgan (KMI) Source: Shutterstock The first among the top blue-chip stocks to buy is Kinder Morgan (NYSE:KMI). Pfizer (PFE) Source: Shutterstock Another top blue-chip stock to consider is Pfizer (NYSE:PFE). But trading for around 11x forward earnings and a price target that suggests a 16% upside, DE stock is offering value even as it trades in the middle of its 52-week range.
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e18251d5-4b1c-4a53-b5f4-9ef6f1126c4e
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720496.0
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2023-06-10 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-23
|
nan
|
nan
|
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 Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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 NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio 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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ccc61cb7-e697-435c-a769-ebc43ad1ddeb
|
720497.0
|
2023-06-09 00:00:00 UTC
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IYJ, GE, DE, ETN: Large Outflows Detected at ETF
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DE
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https://www.nasdaq.com/articles/iyj-ge-de-etn%3A-large-outflows-detected-at-etf
|
nan
|
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 U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $116.6 million dollar outflow -- that's a 9.9% decrease week over week (from 11,650,000 to 10,500,000). Among the largest underlying components of IYJ, in trading today General Electric Co (Symbol: GE) is off about 0.1%, Deere & Co. (Symbol: DE) is up about 0.3%, and Eaton Corp plc (Symbol: ETN) is lower by about 0.8%. For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average:
Looking at the chart above, IYJ's low point in its 52 week range is $82.74 per share, with $104.854 as the 52 week high point — that compares with a last trade of $101.40. 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:
Ex-Dividend Calendar
WMS Average Annual Return
CNM Average Annual 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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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: Ex-Dividend Calendar WMS Average Annual Return CNM Average Annual 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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For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $82.74 per share, with $104.854 as the 52 week high point — that compares with a last trade of $101.40. 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: Ex-Dividend Calendar WMS Average Annual Return CNM Average Annual 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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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $116.6 million dollar outflow -- that's a 9.9% decrease week over week (from 11,650,000 to 10,500,000). For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $82.74 per share, with $104.854 as the 52 week high point — that compares with a last trade of $101.40. 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 U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $116.6 million dollar outflow -- that's a 9.9% decrease week over week (from 11,650,000 to 10,500,000). For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $82.74 per share, with $104.854 as the 52 week high point — that compares with a last trade of $101.40. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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a42986e8-42d3-4e3c-95ed-9743392c818a
|
720498.0
|
2023-06-08 00:00:00 UTC
|
Insiders Are Jumping Into These 3 Stocks
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DE
|
https://www.nasdaq.com/articles/insiders-are-jumping-into-these-3-stocks
|
nan
|
nan
|
Investors closely monitor insider buys.
It’s easy to understand why; if an insider buys, it can deliver a positive message to shareholders, indicating that they’re confident in the long-term picture of the business.
But who are insiders?
An insider is defined by Section 16 of the Security Exchange Act as an officer, director, 10% stockholder, or anyone who possesses information because of their relationship with the company.
Many strict rules apply to insiders.
Insiders can’t trade based on material nonpublic information, they must pre-clear all trades, and all transactions of the company’s stock must occur during the Window Period.
In addition, insiders have a longer holding period than most, a critical aspect that investors should be aware of.
Three companies – Deere & Co. DE, HEICO HEI, and Genuine Parts GPC – have all seen recent insider activity. For those interested in trading like the insiders, let’s take a closer look at each.
Deere & Co.
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under its iconic John Deere brand and signature green and yellow color scheme. Tami Erwin, a Director, recently purchased roughly $250 thousand of Deere shares.
For those that seek income, Deere has that covered; the company’s annual dividend yields 1.3% with a sustainable payout ratio sitting at 17% of its earnings. Impressively, Deere’s payout has grown by more than 13% just over the last five years.
Image Source: Zacks Investment Research
Shares are cheap on a relative basis, with the current 11.9X forward earnings multiple sitting well below the 16.2X five-year median and the Zacks Industrial Products sector average. Shares carry a Style Score of “B” for Value.
Image Source: Zacks Investment Research
HEICO
HEICO is one of the world's leading manufacturers of Federal Aviation Administration-approved jet engine and aircraft component replacement parts. Lauren Mendelson, CEO, recently purchased roughly $40 thousand in shares.
The company posted results that came in above expectations in its latest release, exceeding the Zacks Consensus EPS Estimate by nearly 6%. Quarterly revenue totaled $687 million, 5% above expectations and improving 30% from the year-ago period.
Image Source: Zacks Investment Research
HEICO carries an impressive growth profile, with earnings forecasted to climb 15% in its current fiscal year on 22% higher revenues. The growth continues in FY24, with estimates calling for a further 15% improvement in earnings and a 7.7% revenue uptick.
Image Source: Zacks Investment Research
Genuine Parts
Genuine Parts, a Zacks Rank #2 (Buy), distributes automotive and industrial replacement parts and materials. A Director purchased roughly $375 thousand of GPC shares, reported earlier in June.
The company has seen positive earnings estimate revisions, with the trend particularly noteworthy for its current fiscal year.
Image Source: Zacks Investment Research
In addition, the company’s 32.5% trailing twelve-month return on equity is worth highlighting, reflecting higher efficiency in generating profits from existing assets relative to peers.
Image Source: Zacks Investment Research
Bottom Line
Many investors closely monitor insider buys, as they can provide a high level of confidence. After all, if an insider didn’t believe in the company’s future pathway, why would they buy?
And all three stocks above – Deere & Co. DE, HEICO HEI, and Genuine Parts GPC – have seen recent insider activity.
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Genuine Parts Company (GPC) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Heico Corporation (HEI) : 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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Image Source: Zacks Investment Research Bottom Line Many investors closely monitor insider buys, as they can provide a high level of confidence. Investors closely monitor insider buys. It’s easy to understand why; if an insider buys, it can deliver a positive message to shareholders, indicating that they’re confident in the long-term picture of the business.
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Three companies – Deere & Co. DE, HEICO HEI, and Genuine Parts GPC – have all seen recent insider activity. Click to get this free report Genuine Parts Company (GPC) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors closely monitor insider buys.
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Image Source: Zacks Investment Research Bottom Line Many investors closely monitor insider buys, as they can provide a high level of confidence. Click to get this free report Genuine Parts Company (GPC) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors closely monitor insider buys.
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But who are insiders? Investors closely monitor insider buys. It’s easy to understand why; if an insider buys, it can deliver a positive message to shareholders, indicating that they’re confident in the long-term picture of the business.
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0f576482-2ecc-4141-89e8-9a1f44c60001
|
720499.0
|
2023-06-08 00:00:00 UTC
|
John Deere Recalls Gator Utility Vehicles
|
DE
|
https://www.nasdaq.com/articles/john-deere-recalls-gator-utility-vehicles
|
nan
|
nan
|
(RTTNews) - John Deere has recalled about 1,600 Gator utility vehicles due to the risk of catching fire.
According to the Consumer Product Safety Commission, John Deere has recalled XUV590E, XUV590M and XUV590M S4 Gator utility vehicles as fuel can leak from under the fuel cap, posing a fire hazard.
The company has asked its customers to stop using the recalled XUV590 Gator utility vehicles immediately and contact an authorized John Deere dealer for a free inspection, and if required a free repair also. John Deere is contacting all known purchasers directly.
The recalled vehicles were sold through authorized John Deere dealers nationwide and online at www.deere.com from December 2022 through March 2023 for between $14,500 and $17,500.
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) - John Deere has recalled about 1,600 Gator utility vehicles due to the risk of catching fire. The company has asked its customers to stop using the recalled XUV590 Gator utility vehicles immediately and contact an authorized John Deere dealer for a free inspection, and if required a free repair also. The recalled vehicles were sold through authorized John Deere dealers nationwide and online at www.deere.com from December 2022 through March 2023 for between $14,500 and $17,500.
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(RTTNews) - John Deere has recalled about 1,600 Gator utility vehicles due to the risk of catching fire. According to the Consumer Product Safety Commission, John Deere has recalled XUV590E, XUV590M and XUV590M S4 Gator utility vehicles as fuel can leak from under the fuel cap, posing a fire hazard. The company has asked its customers to stop using the recalled XUV590 Gator utility vehicles immediately and contact an authorized John Deere dealer for a free inspection, and if required a free repair also.
|
(RTTNews) - John Deere has recalled about 1,600 Gator utility vehicles due to the risk of catching fire. According to the Consumer Product Safety Commission, John Deere has recalled XUV590E, XUV590M and XUV590M S4 Gator utility vehicles as fuel can leak from under the fuel cap, posing a fire hazard. The company has asked its customers to stop using the recalled XUV590 Gator utility vehicles immediately and contact an authorized John Deere dealer for a free inspection, and if required a free repair also.
|
(RTTNews) - John Deere has recalled about 1,600 Gator utility vehicles due to the risk of catching fire. According to the Consumer Product Safety Commission, John Deere has recalled XUV590E, XUV590M and XUV590M S4 Gator utility vehicles as fuel can leak from under the fuel cap, posing a fire hazard. The company has asked its customers to stop using the recalled XUV590 Gator utility vehicles immediately and contact an authorized John Deere dealer for a free inspection, and if required a free repair also.
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4eeda59e-7656-472e-ae00-c774e438d2b4
|
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