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720500.0
|
2023-06-08 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-22
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nan
|
nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our 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 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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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 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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93f94938-5701-4562-9d12-36fc8f39c0e1
|
720501.0
|
2023-06-06 00:00:00 UTC
|
Guru Fundamental Report for DE
|
DE
|
https://www.nasdaq.com/articles/guru-fundamental-report-for-de-21
|
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 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
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).
|
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.
|
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 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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746e6f21-81ea-43b8-b246-9da2271251f3
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720502.0
|
2023-06-06 00:00:00 UTC
|
My Top Hidden Gem AI Stock to Buy in June (and Its Not Even Close)
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DE
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https://www.nasdaq.com/articles/my-top-hidden-gem-ai-stock-to-buy-in-june-and-its-not-even-close
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nan
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nan
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A lot of the investment discussion surrounding artificial intelligence (AI) and automation has focused on the semiconductor industry and the tech sector. But the industrial sector is flush with opportunities -- particularly through companies that are using AI and automation to shake up old ways, save their customers money, and drive efficiency.
Deere (NYSE: DE) has spent decades investing in these burgeoning trends. And in many ways, Deere stock is an AI play that's hiding in plain sight. At the CES conference in 2022, Deere wowed investors when it unveiled its autonomous tractor. But Deere's automation offering is so much more than that product alone.
Here's a look at some of the ways Deere is automating farm operations, and why the company is poised to lead technological adoption in the agriculture industry.
Image source: Deere.
An example of how Deere is leveraging AI and automation
During his talk at CES 2022, Deere Vice President of Automation and Autonomy Jorge Heraud discussed a few of the ways that Deere's tractors help farmers with the planting process. One way is by automating the path of the tractor so the farmer can plant straight rows. Another is by automating seed placement to maximize crop yield and the number of seeds that can be planted in a given acreage.
By putting cameras on sprayers, Deere helps farmers detect crops versus weeds. The sprayers then use just the right amount of product needed to support crop growth or get rid of weeds. Heraud said that this spraying technology saves farmers 80% on product costs, which improves farm sustainability.
Yet another feature is using cameras during harvest time to monitor crop conditions and then using AI to automatically adjust settings to improve harvesting efficiency. This planting example gives you an idea of Deere's big-picture strategy and the importance that AI and automation will have in making further improvements.
Blending brains and brawn
The initial purpose of tractors was to replace oxen and horses and make work easier. Much of the growth throughout Deere's rich history has centered around making tractors stronger and more versatile to replace physical tasks. But many of the improvements in today's tractors stem from data-driven insights that were previously unattainable. In this vein, today's tractors are integral in providing the brains and the brawn on a farm.
The value proposition for Deere is giving farmers the tools they need to do the most with the resource they have. This could mean saving money on fertilizer, maximizing production, avoiding unnecessary fuel expenses, and saving farmers precious time by automating mundane tasks.
Excellent results with multidecade potential
Part of what makes the Deere investment thesis compelling is that the company is producing record results while also sporting ultra-long-term potential to leverage AI and automation in the agriculture, construction, and forestry industries for decades to come.
Deere is on pace for a record fiscal 2023 following a record 2022 and a record 2021. The company's fiscal 2023 guidance of $9.25 billion to $9.5 billion in net income is staggering when you consider it's more than the company made in the three years from fiscal 2018 to fiscal 2020.
Deere stock is currently enjoying a declining price-to-earnings (P/E) ratio -- signaling that profit growth is outpacing the stock price's appreciation.
DE PE Ratio data by YCharts
Granted, Deere is a cyclical stock. So its P/E ratio tends to be low during growth periods and higher during downturns. Still, Deere's 12.5 P/E ratio indicates that profits could be cut in half and Deere would still sport a P/E ratio close to the S&P 500 average of 22.2.
Part of the reason Deere has a low P/E ratio is that it uses so much of its excess earnings to buy back stock. Like Apple, Deere has leveraged the two-pronged benefit of growing earnings and reducing its outstanding share count -- which permanently boosts earnings per share by decreasing the denominator of the equation.
Deere reduced its shares outstanding by 6.4% in the last three years and 23.4% in the last 10 years. Passive income-orientated investors may prefer to see excess earnings go toward paying more dividends. But it's actually better for long-term investors if a company buys back its stock instead of paying dividends if it proves it can get shareholders a better return on that capital over time. Given that Deere stock has outperformed the S&P 500 and the Nasdaq Composite over the last three, five, seven, and 10 years, it's safe to say that investors have been handsomely rewarded by its decision to invest in research and development and buy back stock.
A unique investment opportunity
Deere is one of the few legacy companies that blends present-day success with long-term upside. For example, there are plenty of oil and gas companies that booked record years in 2022. But those companies are undergoing an energy transition and will need to supplement profits from fossil fuels with cleaner alternatives in the future.
On the flip side, there are many unproven companies that promise paradigm-shifting technologies but lack the profits to fuel that growth with cash and must instead rely on capital markets for dry powder.
Deere has the unique advantage of being the industry leader in agriculture machinery. This was not only one of civilization's first industries, but it continues to be an industry civilization simply cannot live without. If you're interested in AI and automation but have a low to moderate risk tolerance, you may be more interested in companies like Deere that have a track record for organic growth and the long-term tailwinds that can drive decades of value creation instead of a riskier company whose AI prospects are feast or famine.
10 stocks we like better than Deere
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 30, 2023
Daniel Foelber has the following options: long January 2024 $400 calls on Deere. The Motley Fool has positions in and recommends Apple. 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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On the flip side, there are many unproven companies that promise paradigm-shifting technologies but lack the profits to fuel that growth with cash and must instead rely on capital markets for dry powder. Deere (NYSE: DE) has spent decades investing in these burgeoning trends. And in many ways, Deere stock is an AI play that's hiding in plain sight.
|
Excellent results with multidecade potential Part of what makes the Deere investment thesis compelling is that the company is producing record results while also sporting ultra-long-term potential to leverage AI and automation in the agriculture, construction, and forestry industries for decades to come. But it's actually better for long-term investors if a company buys back its stock instead of paying dividends if it proves it can get shareholders a better return on that capital over time. Deere (NYSE: DE) has spent decades investing in these burgeoning trends.
|
An example of how Deere is leveraging AI and automation During his talk at CES 2022, Deere Vice President of Automation and Autonomy Jorge Heraud discussed a few of the ways that Deere's tractors help farmers with the planting process. Excellent results with multidecade potential Part of what makes the Deere investment thesis compelling is that the company is producing record results while also sporting ultra-long-term potential to leverage AI and automation in the agriculture, construction, and forestry industries for decades to come. If you're interested in AI and automation but have a low to moderate risk tolerance, you may be more interested in companies like Deere that have a track record for organic growth and the long-term tailwinds that can drive decades of value creation instead of a riskier company whose AI prospects are feast or famine.
|
An example of how Deere is leveraging AI and automation During his talk at CES 2022, Deere Vice President of Automation and Autonomy Jorge Heraud discussed a few of the ways that Deere's tractors help farmers with the planting process. Part of the reason Deere has a low P/E ratio is that it uses so much of its excess earnings to buy back stock. Deere (NYSE: DE) has spent decades investing in these burgeoning trends.
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e3452f9f-1a7d-43d1-b27a-1e0a72ae5ab8
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720503.0
|
2023-06-05 00:00:00 UTC
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BMO Capital Maintains Deere (DE) Market Perform Recommendation
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DE
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https://www.nasdaq.com/articles/bmo-capital-maintains-deere-de-market-perform-recommendation
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nan
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nan
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Fintel reports that on June 5, 2023, BMO Capital maintained coverage of Deere (NYSE:DE) with a Market Perform recommendation.
Analyst Price Forecast Suggests 21.77% 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 21.77% from its latest reported closing price of 371.07.
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 $371.07 / share, the stock's dividend yield is 1.35%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.39 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 3261 funds or institutions reporting positions in Deere. This is an increase of 33 owner(s) or 1.02% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.54%, a decrease of 3.90%. Total shares owned by institutions decreased in the last three months by 0.02% to 241,492K shares.
The put/call ratio of DE is 1.46, 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 5, 2023, BMO Capital maintained coverage of Deere (NYSE:DE) with a Market Perform 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 $371.07 / share, the stock's dividend yield is 1.35%. 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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46804cce-7a40-482d-ac55-0dc8bc87a3fe
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720504.0
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2023-06-05 00:00:00 UTC
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Notable Monday Option Activity: BKNG, NVDA, DE
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DE
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-bkng-nvda-de
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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 Booking Holdings Inc (Symbol: BKNG), where a total volume of 3,527 contracts has been traded thus far today, a contract volume which is representative of approximately 352,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 95.8% of BKNG's average daily trading volume over the past month, of 368,165 shares. Especially high volume was seen for the $860 strike put option expiring June 21, 2024, with 160 contracts trading so far today, representing approximately 16,000 underlying shares of BKNG. Below is a chart showing BKNG's trailing twelve month trading history, with the $860 strike highlighted in orange:
NVIDIA Corp (Symbol: NVDA) options are showing a volume of 465,486 contracts thus far today. That number of contracts represents approximately 46.5 million underlying shares, working out to a sizeable 83.6% of NVDA's average daily trading volume over the past month, of 55.7 million shares. Particularly high volume was seen for the $400 strike call option expiring June 09, 2023, with 28,830 contracts trading so far today, representing approximately 2.9 million underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $400 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 11,207 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 51.1% of DE's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $390 strike call option expiring June 16, 2023, with 670 contracts trading so far today, representing approximately 67,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange:
For the various different available expirations for BKNG options, NVDA options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
BSJH Historical Stock Prices
CRFN Split History
AMRE Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $860 strike put option expiring June 21, 2024, with 160 contracts trading so far today, representing approximately 16,000 underlying shares of BKNG. Particularly high volume was seen for the $400 strike call option expiring June 09, 2023, with 28,830 contracts trading so far today, representing approximately 2.9 million underlying shares of NVDA. Especially high volume was seen for the $390 strike call option expiring June 16, 2023, with 670 contracts trading so far today, representing approximately 67,000 underlying shares of DE.
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That number of contracts represents approximately 46.5 million underlying shares, working out to a sizeable 83.6% of NVDA's average daily trading volume over the past month, of 55.7 million shares. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 51.1% of DE's average daily trading volume over the past month, of 2.2 million shares. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Booking Holdings Inc (Symbol: BKNG), where a total volume of 3,527 contracts has been traded thus far today, a contract volume which is representative of approximately 352,700 underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Booking Holdings Inc (Symbol: BKNG), where a total volume of 3,527 contracts has been traded thus far today, a contract volume which is representative of approximately 352,700 underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $400 strike call option expiring June 09, 2023, with 28,830 contracts trading so far today, representing approximately 2.9 million underlying shares of NVDA. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 51.1% of DE's average daily trading volume over the past month, of 2.2 million shares.
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That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 51.1% of DE's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $390 strike call option expiring June 16, 2023, with 670 contracts trading so far today, representing approximately 67,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange: For the various different available expirations for BKNG options, NVDA options, or DE options, visit StockOptionsChannel.com.
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d0c4aab4-e2e9-40df-b198-7ab77b96609d
|
720505.0
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2023-06-05 00:00:00 UTC
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Investors Heavily Search Deere & Company (DE): Here is What You Need to Know
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DE
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https://www.nasdaq.com/articles/investors-heavily-search-deere-company-de%3A-here-is-what-you-need-to-know-2
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nan
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nan
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Deere (DE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this agricultural equipment manufacturer have returned -2.6% over the past month versus the Zacks S&P 500 composite's +4.1% change. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 3.1% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Deere is expected to post earnings of $8.14 per share for the current quarter, representing a year-over-year change of +32.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.4%.
The consensus earnings estimate of $31.91 for the current fiscal year indicates a year-over-year change of +37.1%. This estimate has changed +4.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $32.16 indicates a change of +0.8% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +1.9%.
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 $14.2 billion for the current quarter points to a year-over-year change of +9.2%. The $56.09 billion and $55.07 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
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty 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.
Conclusion
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.
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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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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Deere (DE) has been one of the most searched-for stocks on Zacks.com lately. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 3.1% over this period.
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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%. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. 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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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). Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Deere (DE) has been one of the most searched-for stocks on Zacks.com lately.
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Deere (DE) has been one of the most searched-for stocks on Zacks.com lately. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 3.1% over this period. Now the key question is: Where could the stock be headed in the near term?
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9a53987f-d6ef-44ef-b9c9-edac4a93089a
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720506.0
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2023-06-04 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-20
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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
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 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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b22fb237-4797-47d6-9414-8331af2e36c6
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720507.0
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2023-06-02 00:00:00 UTC
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Why 3M, Caterpillar, and Deere & Company Rallied Today
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DE
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https://www.nasdaq.com/articles/why-3m-caterpillar-and-deere-company-rallied-today
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nan
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nan
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What happened
Shares of industrial giants 3M (NYSE: MMM), Caterpillar (NYSE: CAT), and Deere & Company (NYSE: DE) were rallying hard on Friday, up 8.5%, 8.2%, and 5.2%, respectively, as of 3 p.m. ET.
Friday's news was particularly good for 3M but also for industrial stocks in general. Today, 3M jumped on a Bloomberg News report that it may settle a massive pollution lawsuit for less than was feared by the markets.
While the lower-than-feared settlement news might have lowered perceived risk for peers, the other industrial stocks were likely higher due to today's better-than-expected jobs report, allaying fears over a potential economic downturn.
So what
On Friday, Bloomberg News reported 3M might settle lawsuits over water pollution with several states and municipalities for just $10 billion. If it holds, this amount would be far less than the $25 billion or higher projected by some financial analysts.
3M had become the target of lawsuits over per- and polyfluoroalkyl substances (PFAS) -- used in various industrial products, such as firefighting foam -- of which 3M is the largest manufacturer. However, many cities and municipalities are now experiencing high levels of PFAS in their water and are suing the major PFAS manufacturers, including 3M.
So, the $10 billion settlement might actually be "good" news; however, it's possible this won't be the final figure, as several analysts also noted today that some towns, cities, and individuals could hold out for more. For its part, 3M has acknowledged the harm of PFAS and committed to remediating pollution, working with cities on water treatment, and phasing out its production of PFAS by 2025.
Despite the continued uncertainty, beaten-down 3M had been down some 20% on the year and 64% from its highs, so it rose in a "relief" rally on the potential good news.
In addition, fellow industrial giants Caterpillar and Deere, as well as most other cyclical stocks, also rose in response to this morning's blowout jobs report. The economy added 339,000 new jobs in May, much higher than the 190,000 expected. While that may have stoked fears that the economy is still running too hot, wage growth also moderated, and the unemployment rate actually went up from 3.4% to 3.7%, perhaps suggesting increased availability of workers.
Decelerating wage growth without job losses is potentially a "soft landing" scenario in which inflation may decrease without a big rise in unemployment, and it was clearly embraced by the markets today. Caterpillar and Deere largely depend on capital expenditure decisions of other large companies and were under pressure all year over these recession fears, especially since the regional banking crisis back in March, and down 11.8% and 17.5% on the year, respectively.
Today's report seemed to hint that a recession might be avoided, so those beaten-down, cyclical stock types got a large bid today as investors rotated out of tech and AI stocks, which have soared recently, and into cheaper alternatives.
And, of course, the Senate's passage of the Fiscal Responsibility Act -- and what seems to be the final resolution of the debt ceiling standoff -- last night is also removing an overhang on economically sensitive stocks.
Now what
If a deep recession can be avoided, industrial stocks look attractive for investors today. While the fears over a potential recession and other indirect factors, like the regional banking issues, have caused these leaders to sell off this year, increased construction and the modernization of energy and food production should have long-term tailwinds. There is an immense need for, as well as a potential added boost from, the already-passed Infrastructure Investment and Jobs, CHIPS, and Inflation Reduction Acts.
Yet, for 3M specifically, I would urge caution. Today's Bloomberg report is a rumor, and the company could very well wind up paying more than the $10 billion figure floated today -- maybe much more. As a sign of potential trouble, the company recently announced a restructuring plan and has announced that it intends to sell its healthcare business to raise funds as early as 2024.
Given the unpredictability of 3M's legal issues, it's probably far safer to play category leaders like Caterpillar and Deere, which trade at below-market mid-teens price-to-earnings ratios.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3M wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Billy Duberstein has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool recommends 3M and 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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Decelerating wage growth without job losses is potentially a "soft landing" scenario in which inflation may decrease without a big rise in unemployment, and it was clearly embraced by the markets today. While the fears over a potential recession and other indirect factors, like the regional banking issues, have caused these leaders to sell off this year, increased construction and the modernization of energy and food production should have long-term tailwinds. What happened Shares of industrial giants 3M (NYSE: MMM), Caterpillar (NYSE: CAT), and Deere & Company (NYSE: DE) were rallying hard on Friday, up 8.5%, 8.2%, and 5.2%, respectively, as of 3 p.m.
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What happened Shares of industrial giants 3M (NYSE: MMM), Caterpillar (NYSE: CAT), and Deere & Company (NYSE: DE) were rallying hard on Friday, up 8.5%, 8.2%, and 5.2%, respectively, as of 3 p.m. Despite the continued uncertainty, beaten-down 3M had been down some 20% on the year and 64% from its highs, so it rose in a "relief" rally on the potential good news. In addition, fellow industrial giants Caterpillar and Deere, as well as most other cyclical stocks, also rose in response to this morning's blowout jobs report.
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Today's report seemed to hint that a recession might be avoided, so those beaten-down, cyclical stock types got a large bid today as investors rotated out of tech and AI stocks, which have soared recently, and into cheaper alternatives. What happened Shares of industrial giants 3M (NYSE: MMM), Caterpillar (NYSE: CAT), and Deere & Company (NYSE: DE) were rallying hard on Friday, up 8.5%, 8.2%, and 5.2%, respectively, as of 3 p.m. Despite the continued uncertainty, beaten-down 3M had been down some 20% on the year and 64% from its highs, so it rose in a "relief" rally on the potential good news.
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The economy added 339,000 new jobs in May, much higher than the 190,000 expected. Today's report seemed to hint that a recession might be avoided, so those beaten-down, cyclical stock types got a large bid today as investors rotated out of tech and AI stocks, which have soared recently, and into cheaper alternatives. What happened Shares of industrial giants 3M (NYSE: MMM), Caterpillar (NYSE: CAT), and Deere & Company (NYSE: DE) were rallying hard on Friday, up 8.5%, 8.2%, and 5.2%, respectively, as of 3 p.m.
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5f4efac8-62e6-4510-9f93-06395f5067f1
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720508.0
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2023-06-01 00:00:00 UTC
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Deere (DE) Declares $1.25 Dividend
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DE
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https://www.nasdaq.com/articles/deere-de-declares-%241.25-dividend
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nan
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nan
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Deere said on May 31, 2023 that its board of directors declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Previously, the company paid $1.25 per share.
Shares must be purchased before the ex-div date of June 29, 2023 to qualify for the dividend. Shareholders of record as of June 30, 2023 will receive the payment on August 8, 2023.
At the current share price of $345.98 / share, the stock's dividend yield is 1.45%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.15 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.
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What is the Fund Sentiment?
There are 3260 funds or institutions reporting positions in Deere. This is an increase of 23 owner(s) or 0.71% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.54%, a decrease of 3.65%. Total shares owned by institutions decreased in the last three months by 0.04% to 241,491K shares.
The put/call ratio of DE is 1.39, 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 30.60% 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 30.60% from its latest reported closing price of 345.98.
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 4.41% 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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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. 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.
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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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At the current share price of $345.98 / share, the stock's dividend yield is 1.45%. 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 $345.98 / share, the stock's dividend yield is 1.45%. 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.
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9b3fdd8f-fd8c-41b4-afdd-687571e72b0c
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720509.0
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2023-06-01 00:00:00 UTC
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7 Best Dividend Stocks to Buy Now in June 2023
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DE
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https://www.nasdaq.com/articles/7-best-dividend-stocks-to-buy-now-in-june-2023
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nan
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nan
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Today, I provide my seven best dividend stocks to buy for the month of June. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Compound interest is often called the eighth wonder of the world, and dividends are a great way to accelerate your wealth.
Two of my favorite dividend stocks on the list are Nike (NYSE: NKE) and Qualcomm (NASDAQ: QCOM). To see the other five dividend stock picks and more information, please watch the video below.
*Stock prices used were the morning prices of June 1, 2023. The video was published on June 1, 2023.
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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 Qualcomm 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 May 30, 2023
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Eric Cuka has positions in AbbVie, Bank of America, Deere, Nike, Schwab U.S. Dividend Equity ETF, and Tractor Supply. The Motley Fool has positions in and recommends Bank of America, Nike, and Qualcomm. The Motley Fool recommends Deere, Tractor Supply, and Vici Properties and recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
Eric Cuka 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Two of my favorite dividend stocks on the list are Nike (NYSE: NKE) and Qualcomm (NASDAQ: QCOM). Eric Cuka has positions in AbbVie, Bank of America, Deere, Nike, Schwab U.S. Dividend Equity ETF, and Tractor Supply.
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Eric Cuka has positions in AbbVie, Bank of America, Deere, Nike, Schwab U.S. Dividend Equity ETF, and Tractor Supply. The Motley Fool recommends Deere, Tractor Supply, and Vici Properties and recommends the following options: long January 2025 $47.50 calls on Nike. Today, I provide my seven best dividend stocks to buy for the month of June.
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Two of my favorite dividend stocks on the list are Nike (NYSE: NKE) and Qualcomm (NASDAQ: QCOM). Today, I provide my seven best dividend stocks to buy for the month of June. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio.
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Today, I provide my seven best dividend stocks to buy for the month of June. The video was published on June 1, 2023. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio.
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a80b3ffc-c737-43c9-a59f-882cd24101eb
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720510.0
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2023-06-01 00:00:00 UTC
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The Math Shows IYJ Can Go To $112
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DE
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https://www.nasdaq.com/articles/the-math-shows-iyj-can-go-to-%24112
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Industrials ETF (Symbol: IYJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $112.14 per unit.
With IYJ trading at a recent price near $96.60 per unit, that means that analysts see 16.09% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYJ's underlying holdings with notable upside to their analyst target prices are Carlisle Companies Inc. (Symbol: CSL), Deere & Co. (Symbol: DE), and Wex Inc (Symbol: WEX). Although CSL has traded at a recent price of $212.44/share, the average analyst target is 46.86% higher at $312.00/share. Similarly, DE has 29.83% upside from the recent share price of $345.98 if the average analyst target price of $449.19/share is reached, and analysts on average are expecting WEX to reach a target price of $205.25/share, which is 23.76% above the recent price of $165.85. Below is a twelve month price history chart comparing the stock performance of CSL, DE, and WEX:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares U.S. Industrials ETF IYJ $96.60 $112.14 16.09%
Carlisle Companies Inc. CSL $212.44 $312.00 46.86%
Deere & Co. DE $345.98 $449.19 29.83%
Wex Inc WEX $165.85 $205.25 23.76%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
ETFs Holding CSGP
Institutional Holders of MUI
PRNB shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although CSL has traded at a recent price of $212.44/share, the average analyst target is 46.86% higher at $312.00/share. Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? 10 ETFs With Most Upside To Analyst Targets » Also see: ETFs Holding CSGP Institutional Holders of MUI PRNB shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three of IYJ's underlying holdings with notable upside to their analyst target prices are Carlisle Companies Inc. (Symbol: CSL), Deere & Co. (Symbol: DE), and Wex Inc (Symbol: WEX). Similarly, DE has 29.83% upside from the recent share price of $345.98 if the average analyst target price of $449.19/share is reached, and analysts on average are expecting WEX to reach a target price of $205.25/share, which is 23.76% above the recent price of $165.85. iShares U.S. Industrials ETF IYJ $96.60 $112.14 16.09% Carlisle Companies Inc. CSL $212.44 $312.00 46.86% Deere & Co. DE $345.98 $449.19 29.83% Wex Inc WEX $165.85 $205.25 23.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, DE has 29.83% upside from the recent share price of $345.98 if the average analyst target price of $449.19/share is reached, and analysts on average are expecting WEX to reach a target price of $205.25/share, which is 23.76% above the recent price of $165.85. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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With IYJ trading at a recent price near $96.60 per unit, that means that analysts see 16.09% upside for this ETF looking through to the average analyst targets of the underlying holdings. iShares U.S. Industrials ETF IYJ $96.60 $112.14 16.09% Carlisle Companies Inc. CSL $212.44 $312.00 46.86% Deere & Co. DE $345.98 $449.19 29.83% Wex Inc WEX $165.85 $205.25 23.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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146c9d02-1992-4acd-bc88-7ea48f2267a4
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720511.0
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2023-06-01 00:00:00 UTC
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My Top 20 Stocks to Buy Right Now
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DE
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https://www.nasdaq.com/articles/my-top-20-stocks-to-buy-right-now
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nan
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nan
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Fool.com contributor and finance professor Parkev Tatevosian reveals his best 20 stocks to buy now. Whether you're a growth investor, a dividend investor, or a value investor, there is something for you in this video.
*Stock prices used were the afternoon prices of May 29, 2023. The video was published on May 31, 2023.
10 stocks we like better than PayPal
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*Stock Advisor returns as of May 30, 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, Palo Alto Networks, 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, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, Palo Alto Networks, 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 June 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 fool.com/parkev, 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, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, Palo Alto Networks, PayPal, Salesforce, Starbucks, StoneCo, Target, Visa, and Walt Disney. Whether you're a growth investor, a dividend investor, or a value investor, there is something for you in this video.
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The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, DocuSign, Domino's Pizza, Etsy, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, Palo Alto Networks, 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 June 2023 $67.50 puts on PayPal. Whether you're a growth investor, a dividend investor, or a value investor, there is something for you in this video.
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The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, DocuSign, Domino's Pizza, Etsy, Home Depot, Mastercard, MercadoLibre, Meta Platforms, Microsoft, Netflix, Nike, Palo Alto Networks, 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 June 2023 $67.50 puts on PayPal. Whether you're a growth investor, a dividend investor, or a value investor, there is something for you in this video.
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Whether you're a growth investor, a dividend investor, or a value investor, there is something for you in this video. The video was published on May 31, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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bfd06977-9593-4d1c-8d46-4c46c0efea1f
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720512.0
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2023-05-31 00:00:00 UTC
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Daily Dividend Report: RRC,DE,HPE,SEIC,GNTX
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DE
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https://www.nasdaq.com/articles/daily-dividend-report%3A-rrcdehpeseicgntx
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nan
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nan
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RANGE RESOURCES today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.08 per common share is payable on June 30, 2023 to stockholders of record at the close of business on June 16, 2023.
The Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable August 8, 2023 to stockholders of record on June 30, 2023.
The HPE Board of Directors declared a regular cash dividend of $0.12 per share on the company's common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 15, 2023.
The Board of Directors of SEI Investments on May 31, 2023 declared a regular semi-annual dividend of $0.43 per share. The cash dividend will be payable to shareholders of record on June 12, 2023, with a payment date of June 21, 2023.
Gentex, the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 per share that will be payable July 19, 2023, to shareholders of record of the common stock at the close of business on July 7, 2023.
VIDEO: Daily Dividend Report: RRC,DE,HPE,SEIC,GNTX
The views and 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 Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable August 8, 2023 to stockholders of record on June 30, 2023. The HPE Board of Directors declared a regular cash dividend of $0.12 per share on the company's common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 15, 2023. Gentex, the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 per share that will be payable July 19, 2023, to shareholders of record of the common stock at the close of business on July 7, 2023.
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The Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable August 8, 2023 to stockholders of record on June 30, 2023. The HPE Board of Directors declared a regular cash dividend of $0.12 per share on the company's common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 15, 2023. Gentex, the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 per share that will be payable July 19, 2023, to shareholders of record of the common stock at the close of business on July 7, 2023.
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The Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable August 8, 2023 to stockholders of record on June 30, 2023. The HPE Board of Directors declared a regular cash dividend of $0.12 per share on the company's common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 15, 2023. Gentex, the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 per share that will be payable July 19, 2023, to shareholders of record of the common stock at the close of business on July 7, 2023.
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A dividend of $0.08 per common share is payable on June 30, 2023 to stockholders of record at the close of business on June 16, 2023. The Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable August 8, 2023 to stockholders of record on June 30, 2023. The HPE Board of Directors declared a regular cash dividend of $0.12 per share on the company's common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 15, 2023.
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b09dc2af-1b5c-40f1-b207-6834aafb1826
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720513.0
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2023-05-31 00:00:00 UTC
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Relative Strength Alert For Deere
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DE
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https://www.nasdaq.com/articles/relative-strength-alert-for-deere
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Deere & Co. (Symbol: DE) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Deere & Co. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DE entered into oversold territory, changing hands as low as $347.25 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.6. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DE's recent annualized dividend of 5/share (currently paid in quarterly installments) works out to an annual yield of 1.43% based upon the recent $350.63 share price.
A bullish investor could look at DE's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
CINF RSI
Funds Holding CLGX
APEN Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at DE's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.6. Indeed, DE's recent annualized dividend of 5/share (currently paid in quarterly installments) works out to an annual yield of 1.43% based upon the recent $350.63 share price.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.6. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history.
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A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.6. Indeed, DE's recent annualized dividend of 5/share (currently paid in quarterly installments) works out to an annual yield of 1.43% based upon the recent $350.63 share price.
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e2139982-8f8f-4fb5-9a61-18c4ea960093
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720514.0
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2023-05-31 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
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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 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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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 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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1d6801c9-72db-4ca4-81b0-4f3e24392a7d
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720515.0
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2023-05-29 00:00:00 UTC
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3 Generational Buying Opportunities Investors Can’t Miss
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DE
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https://www.nasdaq.com/articles/3-generational-buying-opportunities-investors-cant-miss
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The top generational buying opportunities are those with durable business models in high-margin industries. In fact, in this article, I will highlight three of the best ones you can buy now for your future generations. These three companies are what I would consider generational buying opportunities over the long-term. These are stocks I either own, or am considering owning, on any significant pullback moving forward.
QSR Restaurant Brands $73.22
DE Deere $357.21
DVN Devon Energy $48.07
Restaurant Brands (QSR)
Source: Epic Cure / Shutterstock
Restaurant Brands (NYSE:QSR) is a company I’ve been pounding the table on for some time. The parent company of Burger King and Tim Horton’s among other banners, has garnered a “moderate buy” consensus recommendation from twelve research firms due to its strong earnings report.
That may not sound like a resounding buy call. However, there’s a reason for the optimism. The company exceeded earnings expectations with an EPS of C$1.01, surpassing the consensus estimate by C$0.16. The company’s revenue for the quarter also exceeded analyst estimates at C$2.15 billion. These impressive results highlight the effectiveness of Restaurant Brands’ international business strategy.
Restaurant Brands had a strong Q1, surpassing earnings expectations. Its revenue increased by 9.7% year-over-year to $1.59 billion, exceeding estimates by $30 million. The company’s earnings per share of 75 cents were 11 cents higher than predicted. Despite macro challenges, Restaurant Brands achieved growth in comparable and system-wide sales, making it a positive start to the year.
Burger King is seeing record sales of Whoppers due to a viral marketing campaign. Tim Hortons has refreshed its menu and loyalty program, becoming the most popular food and drink app in Canada. Popeyes Louisiana Kitchen experienced 5.6% same-store sales growth in Q1 with the return of Ghost Pepper Wings, while Firehouse Subs saw a 6.1% rise in same-store sales.
Deere (DE)
Source: PX Media / Shutterstock
Deere (NYSE:DE), a farm equipment manufacturer, is among the generational buying opportunities on my list right now. The company is capitalizing on increased farmer income due to high food prices, resulting in greater demand for Deere’s machinery.
Deere delivered impressive results in the first quarter with a 32% increase in revenue and a significant rise in net income. With a low forward price-earnings ratio of 13-times, DE stock stands out as a top contender for a spectacular rally among short-squeeze stocks. Deere delivered an exceptional quarter, surpassing revenue and earnings expectations. However, the stock experienced volatility, fluctuating by over $31 per share in a single trading day.
Deere stock is becoming increasingly undervalued and presents a compelling low-risk investment opportunity. The company’s revised guidance for fiscal 2023 anticipates a remarkable net income range of $9.25 billion to $9.5 billion. Deere’s current market conditions are exceptionally favorable.
Devon Energy (DVN)
Source: shutterstock.com/CC7
From 2015 to 2020, oil stocks lagged behind the S&P 500 due to a lack of capital discipline during a period of declining oil prices. However, companies in the industry have shifted their focus towards prioritizing returns to shareholders and implementing capital discipline. Devon Energy (NYSE:DVN) stands out as a pioneer in adopting this model.
Devon Energy stock dropped 17% in the past year amid falling crude oil prices and recession fears from Federal Reserve rate hikes. Despite this, the International Energy Agency forecasts record petroleum demand growth and declining global supplies, potentially pushing prices back to $100 per barrel. Billionaire investor Ray Dalio’s Bridgewater Associates holds an $11.1 million stake in DVN stock, indicating confidence in its long-term prospects.
Devon Energy has announced a quarterly dividend of $0.72 per share for shareholders of DVN stock, payable on June 30th. Shareholders as of June 15th will be eligible for this dividend, which amounts to an annual dividend of $2.88 per share.
Devon Energy reported impressive Q1 earnings on May 8th, with operating revenues exceeding $3 billion and a net margin of over 31%. This translates to earnings per share of $1.46, surpassing Wall Street’s consensus estimate of $1.39. These positive results indicate a promising outlook for Devon Energy’s future performance and increased investor interest in the stock.
On the date of publication, Chris MacDonald has a position in QSR. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
The post 3 Generational Buying Opportunities Investors Can’t Miss appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The parent company of Burger King and Tim Horton’s among other banners, has garnered a “moderate buy” consensus recommendation from twelve research firms due to its strong earnings report. Devon Energy stock dropped 17% in the past year amid falling crude oil prices and recession fears from Federal Reserve rate hikes. Despite this, the International Energy Agency forecasts record petroleum demand growth and declining global supplies, potentially pushing prices back to $100 per barrel.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The top generational buying opportunities are those with durable business models in high-margin industries. QSR Restaurant Brands $73.22 DE Deere $357.21 DVN Devon Energy $48.07 Restaurant Brands (QSR) Source: Epic Cure / Shutterstock Restaurant Brands (NYSE:QSR) is a company I’ve been pounding the table on for some time. Deere delivered an exceptional quarter, surpassing revenue and earnings expectations.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The top generational buying opportunities are those with durable business models in high-margin industries. QSR Restaurant Brands $73.22 DE Deere $357.21 DVN Devon Energy $48.07 Restaurant Brands (QSR) Source: Epic Cure / Shutterstock Restaurant Brands (NYSE:QSR) is a company I’ve been pounding the table on for some time. Devon Energy (DVN) Source: shutterstock.com/CC7 From 2015 to 2020, oil stocks lagged behind the S&P 500 due to a lack of capital discipline during a period of declining oil prices.
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These three companies are what I would consider generational buying opportunities over the long-term. Deere delivered impressive results in the first quarter with a 32% increase in revenue and a significant rise in net income. Devon Energy (DVN) Source: shutterstock.com/CC7 From 2015 to 2020, oil stocks lagged behind the S&P 500 due to a lack of capital discipline during a period of declining oil prices.
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78a5db05-24d4-4867-a5b1-0bf2236a2e73
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720516.0
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2023-05-29 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-19
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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
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.
|
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 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 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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caabde38-0e1d-40d9-8f91-cd0d7283ac99
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720517.0
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2023-05-29 00:00:00 UTC
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Best Defensive Dividend Stock to Buy: Deere vs. Raytheon
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DE
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https://www.nasdaq.com/articles/best-defensive-dividend-stock-to-buy%3A-deere-vs.-raytheon
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Deere (NYSE: DE) and Raytheon (NYSE: RTX) are two excellent choices for investors looking for defensive dividend stocks. Fool.com contributor and finance professor Parkev Tatevosian picks his favorite between the two dividend stocks.
*Stock prices used were the afternoon prices of May 26, 2023. The video was published on May 28, 2023.
10 stocks we like better than Raytheon Technologies
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Raytheon Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of May 22, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere and Raytheon Technologies. 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 fool.com/parkev, 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 and finance professor Parkev Tatevosian picks his favorite between the two dividend stocks. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Deere (NYSE: DE) and Raytheon (NYSE: RTX) are two excellent choices for investors looking for defensive dividend stocks.
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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 and Raytheon Technologies. Deere (NYSE: DE) and Raytheon (NYSE: RTX) are two excellent choices for investors looking for defensive dividend stocks.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Deere (NYSE: DE) and Raytheon (NYSE: RTX) are two excellent choices for investors looking for defensive dividend stocks. Fool.com contributor and finance professor Parkev Tatevosian picks his favorite between the two dividend stocks.
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The Motley Fool recommends Deere and Raytheon Technologies. Deere (NYSE: DE) and Raytheon (NYSE: RTX) are two excellent choices for investors looking for defensive dividend stocks. Fool.com contributor and finance professor Parkev Tatevosian picks his favorite between the two dividend stocks.
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f2313240-8b06-4318-b1c4-91daaca688af
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720518.0
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2023-05-28 00:00:00 UTC
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7 Undervalued Blue-Chip Stocks to Buy for June 2023
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DE
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https://www.nasdaq.com/articles/7-undervalued-blue-chip-stocks-to-buy-for-june-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor. After all, the current market turmoil, spurred by inflation concerns and Federal Reserve rate hikes, is unlikely to persist. Investing in undervalued blue-chip stocks is critical in finding hidden gems that preserve capital and deliver attractive long-term returns. While they might not glitter as brightly as growth stocks, the steadiness they can provide cannot be underestimated. These blue-chip stocks to buy serve as the cornerstone in a powerful portfolio. Hence, as we navigate through the storm, the spotlight is on screening for undervalued blue-chip stock picks that promise substantial returns for the long haul.
DE Deere $357.21
JNJ Johnson & Johnson $154.34
WFC Wells Fargo $41.23
TSLA Tesla $193.17
XOM Exxon Mobil $104.97
CVX Chevron $154.08
IBM IBM. $128.89
Deere (DE)
Source: Shutterstock
% Below 52-week high: 19.6%
Deere (NYSE:DE) has solidified its spot as a leading manufacturer of agricultural and heavy-duty machinery. The firm’s robust offerings are rooted in supporting the country’s food supply chain, an area that will continue to grow rapidly, in line with population growth and rising incomes.
Deere’s strong position in diverse segments across forestry, diesel engines, and lawn care equipment effectively underscores its growth potential. With that said, it has had an excellent track record of long-term expansion with more than 12.4% and 19.5% revenue and EBITDA growth over the past five years on average. Recent results have held up remarkably well, beating estimates across both lines by healthy margins. In its most recent quarter, it beat revenue estimates by a whopping $1.2 billion and by $1.2 in its earnings per share.
Johnson & Johnson (JNJ)
Source: Shutterstock
% Below 52-week high: 14.5%
Johnson & Johnson (NYSE:JNJ) stands tall in the healthcare sector, symbolizing robust stability. It boasts a whopping 60-year unbroken chain of dividend growth, making it arguably the most popular dividend king out there. However, JNJ has seen its share of fluctuations, recently making the stock’s performance a mixed bag.
Earlier in the year, its talcum powder lawsuits shadowed its shares. However, the sun peeked through when almost a $9 billion settlement of these claims was announced in April, causing a sharp rally in the stock. Additionally, there is the spinoff of its consumer division in Kenvue in a bid to streamline operations and focus on its pharma and medical device divisions. Therefore, the short-term slowdown provides a golden opportunity for market enthusiasts to get a slice of JNJ at a compelling entry point.
Wells Fargo (WFC)
Source: Shutterstock
% Below 52-week high: 15.6%
Amid ongoing banking upheaval, investors are having it incredibly tough. The current trend appears to be selling first and asking questions later. Consequently, banking stocks have taken a monumental beating of late, effectively giving way to interesting value plays.
Wells Fargo (NYSE:WFC) boasts a strong banking franchise, emerging as an appealing value investment option. As the fourth-largest bank in the U.S. and with a nationwide presence, the bank has arguably the lowest deposit costs in the sector. Furthermore, its commitment to improving efficiency and streamlining operations reinforces its long-term stability. Additionally, WFC has been remarkably profitable, with year-over-year net income margins at more than 19% and cash from operations at over a whopping $34.3 billion, dwarfing the sector median of $153 million.
Tesla (TSLA)
Source: Shutterstock
% Below 52-week high: 41%
Despite the most earnings turbulent in April, EV pioneer Tesla (NASDAQ:TSLA) showed its mettle, delivering an impressive 422,875 vehicles in the first quarter, a massive leap from the 310,000 vehicles it delivered during the same period. Lower pricing may have dinged margins, but the delivery numbers speak volumes about Tesla’s market traction.
A glance at its financials affirms the strength of its balance sheet. Tesla reported a whopping $16 billion in cash and equivalents for the first quarter, complemented by a healthy operating cash flow of $2.5 billion. This demonstrates its formidable cash flow position, notwithstanding pricing pressures. Tesla’s trajectory remains mighty compelling, with an ambitious aim to sell 20 million vehicles annually through 2030. Add to this is the return of Maverick Elon Musk’s hands-on leadership, a fresh approach to advertising, and the upcoming Cybertruck launch.
Exxon Mobil (XOM)
Source: Shutterstock
% Below 52-week high: 11.3%
Riding high on record-breaking profits, Oil and gas giant Exxon Mobil (NYSE:XOM) cemented its financial prowess last year. It raked in an unparalleled $55.7 billion, sailing through the quarter on the back of robust production growth.
The fortune continued in the first quarter, with Exxon doubling its profits from the same period last year. On top of that, offshore developments and new refining facilities drove this prosperity, boosting gas and oil production by nearly 300,000 barrels per day. Its quarterly report highlighted earnings of $11.43 billion and earnings per share at $2.79. Moreover, as our resident InvestorPlace expert, Louis Navellier, remarks, the potential buyout of Pioneer Natural Resources could lead to Exxon’s largest deal since the historic Exxon-Mobil merger almost 25 years ago. Despite these positives, XOM stock offers a 22% upside from current price levels, according to Tipranks.
Chevron (CVX)
Source: Shutterstock
% Below 52-week high: 17.3%
I agree with my fellow InvestorPlace contributor Faisal Humayun, who believes that Chevron (NYSE:CVX) could be the next trillion-dollar company. The company is undoubtedly among the top value providers among oil and gas stocks. It’s imperative to note that valuation relies heavily on the potential and predictability of cash flow, and in that regard, Chevron is showing promising prospects. Based on its stellar first-quarter showing, it is expected to exit the year with rock-solid operating cash flows of more than $36 billion.
Its spectacular investment strategy further underpins the forward momentum in its stock. The energy titan plans to inject a massive $13 to $15 billion annually through 2027, promising an uptick in revenue and cash flow. Its investment-grade balance sheet is second to none, with cash and short-term investments at more than $15.8 billion, positioning it for potential growth-boosting acquisitions. Further sweetening the deal is Chevron’s investments in renewable energy assets present another avenue for value creation.
IBM (IBM)
Source: Shutterstock
% Below 52-week high: 16.3%
IBM (NYSE:IBM), affectionately known as “Big Blue,” has gone through a rather rough patch, with its share price dwindling by more than 35% in the past ten years. Such a trend might seem discouraging, but the tech titan refuses to lose ground. Marching ahead, it offers a high-dividend yield of more than 5.1%, standing tall among its tech counterparts.
Despite wrestling with restructures and navigating through various turnaround strategies, IBM has shown an unwavering commitment towards dividend growth for 28 consecutive years. This resilience is underpinned by the firm’s potent cash flow generation, where year-over-year free cash flow margin growth has increased by almost 100% while increasing by almost 22% over the past five years on average. Moreover, IBM stock trades at just 1.8 times forward sales estimates, which is 30% lower than the sector median.
On the publication date, Muslim Farooque did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
The post 7 Undervalued Blue-Chip Stocks to Buy for 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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Moreover, as our resident InvestorPlace expert, Louis Navellier, remarks, the potential buyout of Pioneer Natural Resources could lead to Exxon’s largest deal since the historic Exxon-Mobil merger almost 25 years ago. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor.
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DE Deere $357.21 JNJ Johnson & Johnson $154.34 WFC Wells Fargo $41.23 TSLA Tesla $193.17 XOM Exxon Mobil $104.97 CVX Chevron $154.08 InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor. After all, the current market turmoil, spurred by inflation concerns and Federal Reserve rate hikes, is unlikely to persist.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor. After all, the current market turmoil, spurred by inflation concerns and Federal Reserve rate hikes, is unlikely to persist.
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720519.0
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2023-05-27 00:00:00 UTC
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Walmart's Grocery Success and Other Retail News
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DE
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https://www.nasdaq.com/articles/walmarts-grocery-success-and-other-retail-news
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In this podcast, Motley Fool senior analysts Ron Gross and Jason Moser discuss:
Walmart's grocery division (once again) doing the heavy lifting in the company's latest results.
Reports that Apple will unveil a $3,000 device at its developer conference in early June.
Netflix impressing advertisers and Wall Street.
The latest from Home Depot, Target, Foot Locker, and Deere.
Taco Bell fighting to free the phrase "Taco Tuesday" from its current trademark holder.
Two stocks on their radar: Owens Corning and Lowe's.
Plus, Scott Phillips, chief investment officer at Motley Fool Australia, shares the current state of play for investors Down Under, Australian stocks to watch, and predictions for this year's Rugby World Cup.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Apple
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 Apple 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 May 22, 2023
This video was recorded on May 19, 2023.
Chris Hill: We've got a big week for retail and a big debate over Taco Tuesday. Yes, really, Motley Fool Money starts now. It's The Motley Fool Money radio show. I'm Chris Hill, joining me in studio, Motley Fool senior analyst Jason Moser and Ron Gross. Good to see you as always gentlemen.
Jason Moser: Hey.
Ron Gross: How you doing, Chris?
Chris Hill: We've got the latest headlines from Wall Street. We'll get a check on global markets with our guest, Scott Phillips, and as always, we've got a couple of stocks on our radar, but it was a big week for retail earnings so we're going to start with the biggest one reporting. Walmart raised its full-year guidance after delivering a first-quarter report highlighted by sales up more than 7% and Ron, we've seen this frequently over the past couple of years. Walmart's grocery business, doing the heavy lifting here.
Ron Gross: Yeah, exactly. Shoppers continue to gravitate to smaller package sizes to store brands because they're trying to manage their spending and they continue to favor grocery spending over non-essentials such as apparel, home goods, electronics, those tend to have higher margins. But yes, they're focusing on grocery. This was a strong report, it was actually better than expected as you mentioned, revenue and comp sales up about 7%. Those are pretty strong numbers. Slightly slower growth, I will mention compared with the previous quarter, but just slightly, and they did gain market share or management said they gained market share in groceries so that they continue to execute, their e-commerce was up 27%, that's pretty strong. Lifted by higher advertising revenue as they focused on their marketplace, and also sales through their pickup and delivery services. So strong numbers there, gross margins did narrow just a bit on a different mix in sales, but nothing to be concerned about. Inflation in food, although on its way down, it's still 20% higher than two years ago. But operating up 17%, earnings up 13%. Management lifted its outlook as you say and things look pretty good here at Walmart.
Chris Hill: Are you surprised that they raised their guidance because CEO Doug McMillon, I mean, you mentioned the inflation, McMillon said on the call, inflation is creating uncertainty for us in the second half of this year?
Ron Gross: I think they raised because this quarter was better than expected. So just on that, you can raise, but I do think they're being cautious as are other retailers when they give guidance.
Chris Hill: Home Depot's first-quarter revenue was lower than expected. Same-store sales fell more than 4%, and the company lowered sales guidance for the full fiscal year. Despite all that, Jason, shares of Home Depot up a little bit this week. I'm not complaining, I'm a shareholder, but I'm a little pleasantly surprised.
Jason Moser: I too am a shareholder and I too am very not disappointed with the way this week turned out. I know the stock being up surprised some, I think when you look at everything in total, yeah, sure they guided down, but they really set that tone for the year a quarter ago, and I don't think really there were any surprises as far as trepidation among the consumer, sort of a shift from spending on products to a shift on spending in services. That's all playing out here, but there's nothing fundamentally wrong with the business at all. It's exposed to greater macro forces that it has no control over. The numbers themselves not terribly inspiring, I mean revenue $37.3 billion it was actually down 4.2% from a year ago, comps down 4.5%, U.S. comps down 4.6%. Ultimately earnings per share of $3.82 down from $4.09 a year ago. A lot of the metrics that matter, comp average ticket was up just 0.2%, but the transactions fell 5% and big-ticket item comps were down 6.5%. Management did point out lumber deflation. I know we talk a lot about inflation, but in this case, lumber deflation, which is impacting the company's sales.
Ron Gross: It's my favorite inflation.
Jason Moser: Exactly. It impacted average ticket to the tune of about 335 basis points. Remember, lumber is close to 10% of Home Depot's overall business. Put some numbers around this, they use framing lumber as an example here. Framing lumber was approximately $422 per thousand board feet this quarter. Last year, $1,170 so that's that inflation. It plays out on their top line in a bad way, but actually, it's helpful to their margins so it's not all bad news. They paid out $2.1 billion in dividends, got to love that, repurchased approximately 3 billion dollars in shares. That shares outstanding has come down 8.5% since 2019 so that's all good. I think in regard to guidance, they pulled back a little bit. Earnings per share, they see declining now between 7% and 13% versus 5% just a quarter ago. But even with that guidance, the stock is still valued at around 18 times full-year estimates, which frankly is a pretty opportunistic look at this one.
Chris Hill: Well, and you think about all of the pent-up demand in 2022, particularly over the summer, it makes sense that the guidance would not be amazing.
Jason Moser: Yeah, absolutely.
Chris Hill: Target's first-quarter results were better than expected, with inventory levels continuing to improve. Shares down a little bit this week, Ron, but it seemed like a somewhat similar quarter to what we saw out of Walmart.
Ron Gross: Except that Target focuses more on those bigger-ticket nonessential items and that's where the two diverge. Walmart was strong because they focused on grocery and essential. Target struggled because they focused on the bigger ticket. You can see that showing up in the numbers which are better than expected in some circumstances, but pretty weak in general. Sales only up 0.5%. Comparable sales came in flat, digital sales were down 3.4%, so we're seeing not great numbers here for the quarter. Sales of food and beverage were up as we saw with Walmart, but things like apparel, home goods, electronics fell rather sharply. Discretionary categories make up 54% of Target's annual sales so if those are weak, the numbers are just going to come in weak as well. Inventory was down 16%, they're trying to work through this excess inventory that they've had since the pandemic when they were inventoried in the wrong direction. Earnings down 6%, second-quarter guidance was weak, but management did maintain its full-year guidance. But as we talked about with Walmart and them being conservative, executives used the word cautious 13 times during theearnings call They're not feeling very confident about their visibility into the future. Only 20 times forward guidance, I like the company in general, but they are working through the environment and the inventory problems they had from the past.
Jason Moser: I feel like I'm rubbing off on Ron here a little, they are searching terminology, how many times these things were used in the call?
Ron Gross: The extra mile for the listeners.
Chris Hill: I was just going to say, if you just had the past 15 months that CEO Brian Cornell had had, wouldn't you be using the word cautious over and over again?
Jason Moser: Be very cautious about how many times you use the word cautious.
Chris Hill: On a related note, Cornell, more so than really any other retail CEO this week was talking about organized retail theft. The challenge that they are facing, I know that this is something that every retail business deals with. Cornell was really talking about it as being a significant problem, is that something to watch if you're looking at Target over the next 6-12 months, how they deal with this more so than others?
Ron Gross: Absolutely, because they're calling out a big number, $500 million due to shrink or theft. That's a very big number. I almost can't see how it's going to be that big so let's keep an eye on that, but they're not the only ones. Walmart mentioned it, most major retailers are talking about it. It is a major problem in retail right now.
Chris Hill: If you've got $3,000 burning a hole in your pocket, good news. There's a brand-new gadget coming to market with your name on it. Details after the break so stay right here. You're listening to Motley Fool Money.
Welcome back to Motley Fool Money. Chris Hill here in studio with Jason Moser and Ron Gross. Shares of Foot Locker fell 25% on Friday after first-quarter profits were solidly lower than Wall Street was expecting. The athletic apparel retailer also lowered guidance. Ron, CEO Mary Dillon did great things when she was running Ulta Beauty. Boy, she's got our work cut out for her at Foot Locker.
Ron Gross: This is not going to be easy for her. She joined last year and they developed what they're calling their lace-up strategy. Maybe too cute there. But their lace-up strategy, it includes moving away from shopping malls, closing 400 underperforming stores, decreasing their dependence on Nike, which was significant, and improving their digital operation. Not working quite yet, Chris, because these numbers are very weak and they were forced to lower guidance. Total sales down 11%, same-store sales down 9%. They blame macroeconomic headwinds, including lower income tax refunds, changing vendor mix. They're repositioning their Champs brand and they had to take higher markdowns in order to move product, and they also did talk about shrink and theft as well. Adjusted profits down 57%, these are really weak numbers. They cut their guidance, they expect sales for the current year to fall between 6.5% and 8%. They did name a new CFO this week, but they've got their work to do, trading only 15 times guidance, probably appropriate, and maybe should be even cheaper in quotes. To bet on this company would be to bet on a significant turnaround.
Chris Hill: I was just going to say, you look at the stock, the valuation. It's obviously cheaper today than it was last week, but, to use a phrase Jason Moser has used in the past, it seems like you need to pack a lunch on this one.
Ron Gross: It's going to take a while and they don't really seem to be very different to me than a lot of the other apparel stores that you see in the average mall, so they have their work cut out for them.
Chris Hill: Apple is planning to hold its annual developers conference on June 5th, and details of the event are starting to leak out. The Wall Street Journal reported this week that Apple is expected to unveil a mixed-reality headset resembling a pair of ski goggles that comes with an external battery pack at a price tag of $3,000. Jason, I will not be among the first to buy this device, but if any company can pull this off, I have to believe it's Apple.
Jason Moser: Maybe. I think consumer devices for this nascent market in mixed reality, it cannot stay $3,000. I think that's just prohibitively expensive and I don't think very many people will be clamoring to get that device, but it is Apple, there will be some. Then that really is the power of their brand and ultimately the fact that they really make good stuff. As time goes on, we'll see that price come down. We'll see more and more experimentation with core use cases. Is it just that standard hardware thing and they introduce something new that will find its way into the market. Demand either materializes or it doesn't, if it doesn't, you bring the price down. I think at some point, though, the price is only part of the equation. Really, when it comes to this mixed-reality stuff, it's finding the use cases. I think there are two opportunities ultimately in play here and I know a lot of the focus is on the consumer. Getting a headset and escaping off into another world, but you look at industrial augmented virtual mixed reality, industrial has gained far more traction in recent years simply because of the clear and beneficial use cases. You're thinking of things like 3D, step-by-step operating, repair instructions, a dashboard of the analytics data to be able to help assess and complete a task, things like healthcare. If you've got companies like PTC and Ansys on the software side, Microsoft with its HoloLens, a lot of investments they've made there, not really working out either. Apple's just sitting there, biding its time, watching this market unfold and I think that's the right thing to do, particularly with its scale and its resources. But I would imagine $3,000 is not going to have that thing flying off the shelves.
Chris Hill: There are a couple of interesting things at play here. One of which is the fact, at least according to the report in The Wall Street Journal, this is more so than any new device launch that Apple has had probably in its history -- this thing is not ready to go. They are reportedly planning to come out with something that is in the beta phase at this point. The other thing is think back to earlier this month, the response we saw for Alphabet, Google had its annual developers conference. The response was so positive to what they unveiled. By the way, this $3,000 device, this is not going to be the only thing Apple unveils at their developer conference. From a stock perspective, it's going to be interesting to see what happens in early June, the response to this and what may come in in the market?
Jason Moser: I don't think this is anything that is a tailwind or a headwind, either, for the business in the near term, I think it makes sense they need to get into this market at some point sooner rather than later, unless they just get passed by everyone. But again, it does feel like from the consumer's perspective, this really is a market that's still looking for those core use cases and the technology is only going to be able to do so much there.
Chris Hill: Last week on the show, Andy Cross called out Deere as the stock on his radar. On Friday morning, Deere raised guidance after second-quarter profits came in higher than expected. You tell me, Ron, how they do?
Ron Gross: They did well and as you said, they were able to increase their guidance as supply chain problems ease, not go away, but they're easing and the company was able to benefit from higher prices. It's a very cyclical business, but they're in a strong part of the cycle right now, even an upgrade cycle, you could probably call it, sales were up 30%. There's demand by farmers for new equipment and parts to repair aging machinery that they haven't really upgraded in quite some time. Sales rose across each of the company's three segments on higher prices and volume. Their large farm equipment segment, which is their largest, rose 53% from a year earlier and the profits more than doubled for that segment. Real strong. Construction up 23%, small machinery up 16%. Margins widened as they controlled costs and as those supply chain constraints, as I mentioned, started to ease. The one weak part of their business was their financial services business. That's a very small part of the business down significantly because of the movements around interest rates, but nothing to be concerned about. Earnings up 42%, raised guidance, orders remain strong even though crop commodity prices continue to come down. If that continues, that's where the cycle is going to reverse at some point eventually, but for now they felt like they could raise guidance, only trading 12 times forward, which is similar to where Caterpillar is now, so that makes sense.
Chris Hill: John May is one of those executives whose timing is maybe a little unfortunate, he became CEO of Deere right before the pandemic. Impressive that he's raising guidance at a time like this, particularly when you factor in, as Doug McMillon said, the uncertainty around inflation affects every business.
Ron Gross: Deere has done a good job with new products, bringing software to their products in a pretty big way which will impact margins in a good way going forward. But it is cyclical. You can't really escape those macroeconomic cycles, so investing in Deere, you have to understand that.
Chris Hill: On Wednesday, Netflix held its upfront presentation to advertisers and said that its new ad-supported tier has nearly 5 million monthly active users. That must have been music to Wall Street's ears because on Thursday, shares of Netflix up 10%, Jason.
Jason Moser: I understand the enthusiasm here and let's dig into why that's the case. First and foremost, it feels like the honeymoon is over here. If you want ad-free TV, you got to prepare to pay up for it, because a clear strategy here for these businesses going forward, the economics of ad-supported is they're very compelling for these businesses, so they're really trying to push more and more subscribers to those ad-supported models. You start with Netflix, for example in the U.S., they noted in their most recent earnings report that the ads plan has already reached a total average revenue per member, which is the subscription plus the ad revenue that's greater than their standard plan. Thanks to their licensing deals, the ad-supported plan has on average around 95% content parity globally with their ad-free plans. You're getting basically apples-to-apples there. Going to Disney. You're looking at Disney, you've seen the same thing, Iger talked about on the call here. They have realized the economic benefits of the ad-supported plan. They're actually going to raise the price of the ad-free plans in order to create essentially more demand for the ad-supported plan because the ad-supported plan is so economically beneficial to the models there. They're seeing the same thing, average revenue per user's just turning in some very promising numbers there. Then you look at something like Trade Desk, which is the backbone of a lot of those programmatic advertising to begin with. They talk about hearing this language from Netflix regarding programmatic ads, they are obviously partnering with Disney on that front as well. You see a number of different ways to win in this space, but clearly, Netflix, Disney, and The Trade Desk are three of the companies that are really leading the way here it seems.
Ron Gross: I'm so spoiled, every time I hit fast-forward on a show and it says fast-forward is not enabled, I'll just throw the remote.
Jason Moser: Well, and you're seeing more and more content getting on platforms like Freevee, that Amazon-supported Freevee offering. What have you seen Jury Duty? Come on, guys. You got to check that one out.
Chris Hill: Guys. We'll see you later in the show. After the break, gets our man in Australia's Scott Phillips. This is Motley Fool Money. Welcome back to Motley Fool Money, I'm Chris Hill. Scott Phillips is the chief investing officer at Motley Fool Australia. He is also the host of a very popular investing podcast, which also goes by the name of Motley Fool Money. He joins me now from the Gold Coast. Scott, it's been too long. Thanks so much for making the time.
Scott Phillips: Chris, you are very kind man and I'm always humbled to appear on the radio show and can I say, I drafted shamelessly off Motley Fool Money. The original, the OG, called ours the same thing because hey, imitation is the sincerest form of flattery.
Chris Hill: Absolutely, I do want to talk about the market in Australia, but I am curious what the view of the U.S. stock market is from your vantage point. At a high level, 2022 was the worst year in over a decade. 2023 here in the States has been dominated by, yes, on a business level, a lot of talk of AI, but also at a macro level, a lot of discussion of interest rate hikes and the debt ceiling and I'm curious, when you look at stocks in America, what stands out to you?
Scott Phillips: Chris, I still believe that you are, don't let an Australian listen to this. The U.S. economy has some of the very best businesses on the planet. That's no surprise to you or no surprise to your listeners. I think what's been fascinating for Australian investors is the last 12 months, 2022 particular, I should say. In Australia wasn't as bad as in the U.S. because we have an abundance of resources, companies, and banks in Australia. Despite some of the banking dramas you guys have been having, 2022 is actually a relatively good year because the energy sector, which really is big in Australia, was really successful. I look at the U.S. over the last 12-18 months. I think there's been a bit of a surprise. A lot of our growth and tech stocks got smashed as yours did during 2022. The recovery of your market not surprising at all. I am very excited about the future for American companies. I think the work that's being done by some of the very best, biggest, fastest-growing companies on the planet is happening on the Nasdaq and the New York Stock Exchange. While the index itself with great opportunity for Australian investors to jump in the U.S. stocks last year. But I'm every bit as excited as ever have been about the future of U.S.-listed companies, of the value that's being created by some of the best businesses on the planet.
Chris Hill: What is the current state of play these days for Aussie investors? Based on comments that you've made on your show or things that you've written -- we follow each other on Twitter -- based on some of your tweets, I get the sense that, you think the ASX is, I don't know if bargain is the right word, but it seems like an opportunity.
Scott Phillips: I think that's right. I love the way you phrase that, mate. I think there's always someone out there, your listeners know this. There's always someone out there who's prepared to say, the next crash is coming or everything's going to be terrible. Watch out for the next bear market. We know the usual suspects. If you look at the long-term history of the Australian Stock Exchange, the U.S. stock markets, the developed world stock markets, they go up and to the right. Not in a straight line, not without pullbacks, not without years like 2022, but the future is always bright. The best time to buy shares is always today. Not because necessarily I know what's going to happen tomorrow, but because if you look back over any stretch of time, the immense value created by investing in public markets has just been phenomenal. I thought quite honestly mate for the last I've been working for The Motley Fool. Not quite as long as you have, but for a long time now and I've been saying since day 1, and today and hopefully many years into the future, buy stocks today. Not because I'm making any macro forecasts or market forecasts. We all think that's a silly thing to try and do. But because the awesome power of compounding by some of the best companies on the planet is just something you don't want to stand in the way of. Betting against that is crazy. Honestly, I actually do think right now, particularly for stock pickers in the Australian market, some of our companies are very expensive, but there are a lot that are still suffering from market jitters. From pessimism, from concern about what might come next economically, that I think in 3, 5, and 10 years time we'll look back and say, why did we let the next three months worry us when the 10 years followed that are very likely to be very good. I absolutely would be investing in general as always, but I do think there is absolutely a great opportunity for stock pickers in the ASX.
Chris Hill: You and I have talked in the past about Domino's Pizza, among other companies based in the U.S. is doing well in Australia. For folks listening, what's another American business that you think is faring pretty well and connecting with either consumers or businesses in Australia?
Scott Phillips: That's a great question, mate, and I think I hope your listeners know that, no, I haven't seen the numbers recently, but not that many years ago, half of the revenue from the S&P 500 companies came outside the U.S. If you open up any cupboard in Australia, if you work with any business in Australia, the number of U.S. companies that we deal with and work with remains really strong. This won't surprise your listeners, it's not a particularly original answer, but I'm a long-term shareholder of Amazon. I love that business. I think it's an amazing company and it continues to do really well around the world. If I give you all this is an antipodean, a Down Under perspective on Amazon, that it is making every bit of the same inroads here as has been making in the U.S. for many years. It remains an incredibly strong, incredibly successful business. I think it will be for a long time to come. Some other businesses that I think MongoDB, a business that you've talked about a lot is a business that does continue to again, make inroads here.
The world of software is something Australian companies just don't compete anywhere near as well as we do in other industries because the most dominant global software businesses tend to be born over there. Now, where you are and the speed of the internet, we all know is just phenomenally fast. The growth of that has been incredible. I am as you said, interested in AI and the growth of that. Again, think about the cloud, the web businesses, think about Microsoft's cloud business. Amazon's cloud business again, Google, the same thing. I own shares in Alphabet as well. These are just phenomenal businesses and I think the growth of these around the world. I really want your listeners to know you can invest globally from right there at home, because of the sheer scale and breadth of some of your best businesses.
Chris Hill: Speaking of software, one Australian-based business that we talked recently on the show about was Atlassian. Let's go beyond that. What's one or two other publicly traded Australian businesses that you think more Americans should know about?
Scott Phillips: Let me give you two Chris. One is Xero, the code in Australia is XRO. It is a cloud accounting business. Some of your listeners may be using Xero. It is available in the U.S., it's not anywhere near as dominant there as it is here. It's actually a New Zealand business but Australia claims all within New Zealand businesses as our own. We'll keep doing that. It is ASX listed though. It is a company that has something like 70% market share in New Zealand. It's the most dominant cloud accounting software package here in Australia. Big in the U.K., hoping to grow in the U.S. It is a really fantastic business, with visionary leadership. It took the Salesforce software-as-a-service model and really ran with it hard and continues to make every post a winner. The other one's a very different business called TechnologyOne. You guys talk about enterprise resource planning software a lot. This is a company -- TNE is the code on the ASX. It is a company that basically provides enterprise software, as I said, for some really sticky customers and if you're looking for defensive software, these guys provide software for government, education and healthcare. They are three sectors that aren't going away anytime soon. Their customers are pretty sticky and they're going to be around. Their earnings growth has just been almost staircase over the last 10, 15, years. They continue to get customers. Their retention rate is above 99% in terms of number of customers. It's a really great quality Australian software business that I think has a long, long way to run.
Chris Hill: I know you're passionate about investing, but I know there is something else coming up in a few months that you're also passionate about and I'm talking of course, about the Rugby World Cup. It's going to be held in France. It's been 24 years. Scott, since Australia has won the Rugby World Cup and I'm curious how you're feeling about the Wallabies' chances?
Scott Phillips: Mate, we are going to win this one. No, there is no question about it, Chris. We are absolutely lay down [inaudible]. I can also say, by the way, the women's World Cup is being held in Australia very soon, too. We have two big World Cups. I feel very good about our chances in both. I'm sorry to your Kiwi listeners, to your U.K. listeners, to your European listeners, who think their teams are going to win. I hate to break it to them. I'm going to say here first and exclusively, Chris, on Motley Fool Money, Australia will win both rugby World Cups. I have absolutely every confidence. Not even a question, but I might as well about the turning up with that good.
Chris Hill: You can check out the Australian version of Motley Fool Money on whatever podcast app is your favorite. It is free. You get a different perspective on the stock market and you get more insights and analysis from this guy, Scott Phillips. Always great talking to you. Thank you so much for being here.
Scott Phillips: Chris, this is absolutely my pleasure and mate, I will not leave this podcast without thanking you for your many years of loyal service to The Motley Fool. More importantly, I think to Motley Fool Money and to your listeners. I'm a loyal listener, I have always been. We will miss you dearly at the company. Your listeners will miss you even more, mate. Thank you very much for everything you've done for investors and for listeners across your time at The Motley Fool. We are very lucky and grateful for your service.
Chris Hill: I appreciate it, Scott. Thank you so much. Up next, Jason Moser and Ron Gross return. They got a couple of stocks on their radar. You're listening to Motley Fool Money. As always, people on the program may have interest in the stocks they talk about and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. Welcome back to Motley Fool Money.
Chris Hill here in studio with Jason Moser and Ron Gross. Guys, where we sit right now in the studio, we're just two blocks away from the U.S. Patent and Trademark Office. This is relevant because this week, Taco Bell petitioned the PTO to be able to use the phrase "Taco Tuesday," which of course begs the question, why can't they? That's because another restaurant chain holds the trademark on the phrase and it is not the restaurant you may have guessed. It is Taco John's, a chain headquartered in Wyoming. They have held the trademark on the phrase Taco Tuesday since 1989, Ron. I'm a little torn here because look, Taco Bell is 20 times the size of Taco John's, this is David versus Goliath. I'm on Goliath's side because Taco Bell isn't saying we want the phrase, they're saying, hey, everybody should get to use this phrase.
Ron Gross: Well, since I own the trademark on the word Tuesday, I'd pay a little bit every time they use Taco Tuesday. Who am I to complain? But it's a little much for me.
Jason Moser: The history, this is fascinating and it started out as Taco Twosday, T-W-O-S-D-A-Y. They were just saying, hey, we're going to say, two tacos for $0.99 to try to gin up some sales back in like 1980 or something like that. It worked out. Then they took it from here. It's fascinating to see the Patent and Trademark Office. They granted this trademark in '89. Attorneys say it's eligible for protection. Other attorneys feel like Taco Bell has a strong case here because U.S. trademark law, "Prevents the registration of common phrases or phrases that become commonplace after a registration is granted." Ultimately Chris, the biggest tragedy of all of this, it seems like the lawyers are ultimately winners here.
Ron Gross: Am I right that LeBron James tried to do this as well unsuccessfully?
Chris Hill: He did. Give it to the people. This should belong to all of us. Before we get to the radar stocks, I need to mention something that came up earlier in the week, an announcement that went out to podcast and radio trade media that I will be leaving The Motley Fool at the end of the month. My last episode on the podcast is going to be May 30th and I will at that time share some thoughts and answer some questions about my departure. But this is my last appearance on our radio show. I wanted to say a quick word of thanks to the people who run our affiliate radio stations. We started Motley Fool Money in February 2009. In January 2010, this became the first podcast to be heard on commercial radio. I know podcasting has grown in popularity over the years, but broadcast radio is an important form of media.
I'm proud of the fact that this show is now heard on more than 75 stations, making it the No. 1 stock investing radio show in America. The economics of weekend talk radio are such that rather than running original programs like ours, a lot of talk stations just sell the time to run things like hour-long commercials for health supplements. I wanted to thank a few of the radio executives who made the decision to make this show available to their audience. Robin Bertolucci in Los Angeles; Russ Reynolds in San Francisco; Lisa Wolf right here in Washington, D.C.; Rene York in Phoenix; Max Miller in Sacramento; and Janine Lee in Hartford, Connecticut. These are the early investors in Motley Fool Money as a radio show. Their stamp of approval helped us get to where we are today. I just wanted to thank them on my last appearance on the radio show.
Ron Gross: Well said, Chris. I'll be brief so I don't get emotional here, but we've been doing this together for around 14 years. It has been a highlight of my time here at the Fool. You've made it so easy and so fun, and it's been a true pleasure. We will miss you, but don't be a stranger, please.
Chris Hill: I won't.
Jason Moser: I will echo those sentiments. I mean, 14 years, it's more great memories that I think probably any of us can really pull. But one that will always stand out was when you and Dan and I loaded up the train and went up to New York City and taped Market Foolery on location at Shake Shack to celebrate their IPO. We had lunch, they brought us one of every desert. It was just a sublime day and that'd be one that always stands out. Thank you for everything and we'll miss you.
Chris Hill: I appreciate that. Let's get to the stocks on our radar. Our man behind the glass, Dan Boyd is going to hit you with a question. Ron, you're up first. What are you looking at this week?
Ron Gross: Dan, you're going to love it. I'm going with good old Owens Corning, OC, largest manufacturer of fiberglass insulation and the second-largest producer of asphalt roofing shingles in the US. If that doesn't get your blood pumping Dan, I don't know what will, 30% of revenue generated internationally. This is the same Owens Corning that had to file for bankruptcy back in 2000 as a result of asbestos-related injuries. The company did reemerge six years later. Their plan to reorganize includes a trust to resolve both the current and that future liability from that. Demand is obviously driven by new residential construction repair and remodelling. Increasingly difficult building codes that require energy efficiency. Since initiating its dividend in 2014, increased its payout every year at a compound annual rate of 12.5%, also reduced its share count by 23% over the same period, currently has a 2% dividend yield, trading for a little over 10 times, which is relatively cheap compared to others in that industry.
Chris Hill: Dan, question about Owens Corning?
Dan Boyd: Ron, what equipment do you have at your house for installation and roofing? I know you're a big DIY guy. You got to be a big fan of some of Owens Corning's products.
Ron Gross: Me and the Pink Panther are constantly insulating my house.
Chris Hill: Jason Moser, what are you looking at this week?
Jason Moser: Well, Dan, I am a little bit more of a DIY guy. I don't know how I can follow up Ron here, but I'm going to try. Lowe's, ticker L-O-W, we've got earnings for Lowe's coming out on Tuesday morning next week. A fun fact for you all, the five-year charts here, we were talking about Home Depot earlier. Lowe's is up 165% over the last five years versus Home Depot's 75%. Now, Lowe's share account is down about 28% compared to Home Depot's 8.5%. That has played into that calculus for sure. But just interesting to see, for all the talk and the credit we give to Home Depot, Lowe's has really brought the results these past five years. The question of course, is, given what we saw with Home Depot this week, what will things look like for Lowe's? Next week they did talk about residential investment being under some pressure. Talked about inflation, higher interest rates, more cautious consumer. They are forecasting a slight decline in the home improvement market. To that end, they did guide for sales ranging in 88-90 billion range, which would be down from a year ago and then comps expected to be flat to down 2%. I think really the big question mark is, will we see revisions to that guidance given what we saw with Home Depot this week? I wouldn't be terribly surprised to see that, but we shall see.
Chris Hill: Dan, question about Lowe's?
Dan Boyd: Not really a question Chris, more of a comment. I always really enjoy Lowe's, a whole lot more than the Home Depot. I think it is a much better shopping experience. The stores are nicer, the staff is more knowledgeable and I think it's just better. I always prefer Lowe's to a Home Depot.
Jason Moser: That's really interesting. I guess I go wherever it's most convenient. I have to go to Home Depot tomorrow. As a matter of fact, to pick up some deck wash -- one hell of a weekend plan and let me tell you.
Ron Gross: By the way, plug for Ace Hardware, don't sleep on Ace Hardware, a very strong experience.
Jason Moser: That's where I go get all my traeger stuff because it's really close to our house. They've got all the traeger goodies.
Chris Hill: What do you want to add to your watch list, Dan.
Dan Boyd: I'm going to go with Lowe's, Chris. I just like going. As a homeowner, I think it's a great place.
Chris Hill: Jason Moser, Ron Gross, guys, thanks for being here.
Ron Gross: Thanks, Chris.
Chris Hill: That's going do it for this week's Motley Fool Money radio show. This show is mixed by Dan Boyd. I'm Chris Hill. Thanks for listening. We'll see you next time.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Chris Hill has positions in Alphabet, Amazon.com, Apple, Atlassian, Home Depot, Lowe's Companies, Microsoft, Nike, Target, The Trade Desk, and Walt Disney. Dan Boyd has positions in Amazon.com and Walt Disney. Jason Moser has positions in Alphabet, Amazon.com, Apple, Home Depot, Nike, The Trade Desk, and Walt Disney. Ron Gross has positions in Amazon.com, Apple, Domino's Pizza, Microsoft, MongoDB, Nike, Target, and Walt Disney. Scott Phillips has positions in Alphabet, Amazon.com, Microsoft, and Walt Disney. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Atlassian, Domino's Pizza, Home Depot, Microsoft, MongoDB, Netflix, Nike, Salesforce, Target, Technology One, The Trade Desk, Ulta Beauty, Walmart, Walt Disney, and Xero. The Motley Fool recommends Deere, Foot Locker, Lowe's Companies, and Owens Corning and recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2025 $47.50 calls on Nike, and short January 2024 $155 calls on Walt Disney. 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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Plus, Scott Phillips, chief investment officer at Motley Fool Australia, shares the current state of play for investors Down Under, Australian stocks to watch, and predictions for this year's Rugby World Cup. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Atlassian, Domino's Pizza, Home Depot, Microsoft, MongoDB, Netflix, Nike, Salesforce, Target, Technology One, The Trade Desk, Ulta Beauty, Walmart, Walt Disney, and Xero. Reports that Apple will unveil a $3,000 device at its developer conference in early June.
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Chris Hill has positions in Alphabet, Amazon.com, Apple, Atlassian, Home Depot, Lowe's Companies, Microsoft, Nike, Target, The Trade Desk, and Walt Disney. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Atlassian, Domino's Pizza, Home Depot, Microsoft, MongoDB, Netflix, Nike, Salesforce, Target, Technology One, The Trade Desk, Ulta Beauty, Walmart, Walt Disney, and Xero. The Motley Fool recommends Deere, Foot Locker, Lowe's Companies, and Owens Corning and recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2025 $47.50 calls on Nike, and short January 2024 $155 calls on Walt Disney.
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Plus, Scott Phillips, chief investment officer at Motley Fool Australia, shares the current state of play for investors Down Under, Australian stocks to watch, and predictions for this year's Rugby World Cup. Reports that Apple will unveil a $3,000 device at its developer conference in early June. The latest from Home Depot, Target, Foot Locker, and Deere.
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Reports that Apple will unveil a $3,000 device at its developer conference in early June. The latest from Home Depot, Target, Foot Locker, and Deere. Taco Bell fighting to free the phrase "Taco Tuesday" from its current trademark holder.
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4d6d9c62-d983-4b8b-9443-c7ae7505fb2b
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720520.0
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2023-05-26 00:00:00 UTC
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Noteworthy Friday Option Activity: SIRI, ITOS, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-siri-itos-de
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sirius XM Holdings Inc (Symbol: SIRI), where a total volume of 111,175 contracts has been traded thus far today, a contract volume which is representative of approximately 11.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.2% of SIRI's average daily trading volume over the past month, of 15.2 million shares. Particularly high volume was seen for the $3.50 strike put option expiring May 26, 2023, with 25,180 contracts trading so far today, representing approximately 2.5 million underlying shares of SIRI. Below is a chart showing SIRI's trailing twelve month trading history, with the $3.50 strike highlighted in orange:
iTeos Therapeutics Inc (Symbol: ITOS) saw options trading volume of 1,465 contracts, representing approximately 146,500 underlying shares or approximately 69.5% of ITOS's average daily trading volume over the past month, of 210,705 shares. Especially high volume was seen for the $17.50 strike call option expiring October 20, 2023, with 1,004 contracts trading so far today, representing approximately 100,400 underlying shares of ITOS. Below is a chart showing ITOS's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 13,043 contracts, representing approximately 1.3 million underlying shares or approximately 66.3% of DE's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $430 strike put option expiring June 16, 2023, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange:
For the various different available expirations for SIRI options, ITOS options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Oversold Dividend Stocks
Funds Holding Chipotle Mexican Grill
GFRE Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $3.50 strike put option expiring May 26, 2023, with 25,180 contracts trading so far today, representing approximately 2.5 million underlying shares of SIRI. Especially high volume was seen for the $17.50 strike call option expiring October 20, 2023, with 1,004 contracts trading so far today, representing approximately 100,400 underlying shares of ITOS. Particularly high volume was seen for the $430 strike put option expiring June 16, 2023, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of DE.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sirius XM Holdings Inc (Symbol: SIRI), where a total volume of 111,175 contracts has been traded thus far today, a contract volume which is representative of approximately 11.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing SIRI's trailing twelve month trading history, with the $3.50 strike highlighted in orange: iTeos Therapeutics Inc (Symbol: ITOS) saw options trading volume of 1,465 contracts, representing approximately 146,500 underlying shares or approximately 69.5% of ITOS's average daily trading volume over the past month, of 210,705 shares. Below is a chart showing ITOS's trailing twelve month trading history, with the $17.50 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 13,043 contracts, representing approximately 1.3 million underlying shares or approximately 66.3% of DE's average daily trading volume over the past month, of 2.0 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sirius XM Holdings Inc (Symbol: SIRI), where a total volume of 111,175 contracts has been traded thus far today, a contract volume which is representative of approximately 11.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing SIRI's trailing twelve month trading history, with the $3.50 strike highlighted in orange: iTeos Therapeutics Inc (Symbol: ITOS) saw options trading volume of 1,465 contracts, representing approximately 146,500 underlying shares or approximately 69.5% of ITOS's average daily trading volume over the past month, of 210,705 shares. Below is a chart showing ITOS's trailing twelve month trading history, with the $17.50 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 13,043 contracts, representing approximately 1.3 million underlying shares or approximately 66.3% of DE's average daily trading volume over the past month, of 2.0 million shares.
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Particularly high volume was seen for the $3.50 strike put option expiring May 26, 2023, with 25,180 contracts trading so far today, representing approximately 2.5 million underlying shares of SIRI. Below is a chart showing SIRI's trailing twelve month trading history, with the $3.50 strike highlighted in orange: iTeos Therapeutics Inc (Symbol: ITOS) saw options trading volume of 1,465 contracts, representing approximately 146,500 underlying shares or approximately 69.5% of ITOS's average daily trading volume over the past month, of 210,705 shares. Below is a chart showing ITOS's trailing twelve month trading history, with the $17.50 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 13,043 contracts, representing approximately 1.3 million underlying shares or approximately 66.3% of DE's average daily trading volume over the past month, of 2.0 million shares.
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dd321d0f-1e93-40ab-b004-c55a5ae0c0cf
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720521.0
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2023-05-26 00:00:00 UTC
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The Industrial Select Sector SPDR Fund Experiences Big Outflow
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DE
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https://www.nasdaq.com/articles/the-industrial-select-sector-spdr-fund-experiences-big-outflow-5
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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 $263.5 million dollar outflow -- that's a 2.0% decrease week over week (from 132,080,000 to 129,380,000). Among the largest underlying components of XLI, in trading today General Electric Co (Symbol: GE) is up about 2%, Deere & Co. (Symbol: DE) is up about 1.1%, and Eaton Corp plc (Symbol: ETN) is up by about 2.7%. 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 $104.18 as the 52 week high point — that compares with a last trade of $98.65. 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:
Institutional Holders of CRAK
Ball DMA
Funds Holding QDXU
The views and 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 $263.5 million dollar outflow -- that's a 2.0% decrease week over week (from 132,080,000 to 129,380,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Institutional Holders of CRAK Ball DMA Funds Holding QDXU The views and 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 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 $104.18 as the 52 week high point — that compares with a last trade of $98.65. 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 $263.5 million dollar outflow -- that's a 2.0% decrease week over week (from 132,080,000 to 129,380,000). 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 $104.18 as the 52 week high point — that compares with a last trade of $98.65. 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 $263.5 million dollar outflow -- that's a 2.0% decrease week over week (from 132,080,000 to 129,380,000). Among the largest underlying components of XLI, in trading today General Electric Co (Symbol: GE) is up about 2%, Deere & Co. (Symbol: DE) is up about 1.1%, and Eaton Corp plc (Symbol: ETN) is up by about 2.7%. 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 $104.18 as the 52 week high point — that compares with a last trade of $98.65.
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d9ba4b9e-4731-486b-bbb9-ad2c99869fbf
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720522.0
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2023-05-25 00:00:00 UTC
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Interesting DE Put And Call Options For November 17th
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DE
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https://www.nasdaq.com/articles/interesting-de-put-and-call-options-for-november-17th
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the November 17th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 176 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new November 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $350.00 strike price has a current bid of $23.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $350.00, but will also collect the premium, putting the cost basis of the shares at $326.90 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $353.00/share today.
Because the $350.00 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 6.60% return on the cash commitment, or 13.68% 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 $350.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $360.00 strike price has a current bid of $26.05. If an investor was to purchase shares of DE stock at the current price level of $353.00/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $360.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.36% if the stock gets called away at the November 17th 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 $360.00 strike highlighted in red:
Considering the fact that the $360.00 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 7.38% boost of extra return to the investor, or 15.30% 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 $353.00) to be 30%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
High-Yield REITs
Funds Holding FDLO
Institutional Holders of REUN
The views and 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 $360.00 strike highlighted in red: Considering the fact that the $360.00 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 November 17th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $360.00 strike highlighted in red: Considering the fact that the $360.00 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 November 17th 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 $350.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $360.00 strike price has a current bid of $26.05. Below is a chart showing DE's trailing twelve month trading history, with the $360.00 strike highlighted in red: Considering the fact that the $360.00 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 November 17th 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 $360.00 strike highlighted in red: Considering the fact that the $360.00 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 November 17th expiration.
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6fb076fb-b24d-48ef-bedd-a3dec1532de3
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720523.0
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2023-05-24 00:00:00 UTC
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Is Deere an Excellent Defensive Dividend Stock to Buy?
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DE
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https://www.nasdaq.com/articles/is-deere-an-excellent-defensive-dividend-stock-to-buy
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nan
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nan
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Fool.com contributor and finance professor Parkev Tatevosian shares his insights after reviewing Deere's (NYSE: DE) latest financial release.
*Stock prices used were the afternoon prices of May 21, 2023. The video was published on May 23, 2023.
10 stocks we like better than Deere
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 22, 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 fool.com/parkev, 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 and finance professor Parkev Tatevosian shares his insights after reviewing Deere's (NYSE: DE) latest financial release. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The video was published on May 23, 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 and finance professor Parkev Tatevosian shares his insights after reviewing Deere's (NYSE: DE) latest financial release.
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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 and finance professor Parkev Tatevosian shares his insights after reviewing Deere's (NYSE: DE) latest financial release.
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Fool.com contributor and finance professor Parkev Tatevosian shares his insights after reviewing Deere's (NYSE: DE) latest financial release. The video was published on May 23, 2023. 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen.
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623d08ec-aa87-454d-927f-6ad0e736ec30
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720524.0
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2023-05-24 00:00:00 UTC
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4 Top Dividend Stocks to Buy in May and Put Away
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DE
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https://www.nasdaq.com/articles/4-top-dividend-stocks-to-buy-in-may-and-put-away
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nan
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nan
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In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of May. Dividend stocks can provide stability during rough times like today. I chose a mix of companies in different industries that could provide significant upside for long-term investors.
*Stock prices used were from the trading day of May 23, 2023. The video was published on May 24, 2023.
10 stocks we like better than Verizon Communications
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 Verizon Communications 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 May 22, 2023
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool recommends Deere, Lowe's Companies, and Verizon Communications. The Motley Fool has a disclosure policy. Neil 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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I chose a mix of companies in different industries that could provide significant upside for long-term investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of May.
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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, Lowe's Companies, and Verizon Communications. In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of May.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of May. Dividend stocks can provide stability during rough times like today.
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In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of May. Dividend stocks can provide stability during rough times like today. I chose a mix of companies in different industries that could provide significant upside for long-term investors.
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86de76c5-0467-4427-90af-f26742df20fb
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720525.0
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2023-05-24 00:00:00 UTC
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Citigroup Maintains Deere (DE) Buy Recommendation
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DE
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https://www.nasdaq.com/articles/citigroup-maintains-deere-de-buy-recommendation
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Fintel reports that on May 24, 2023, Citigroup maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
Analyst Price Forecast Suggests 32.66% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 32.66% from its latest reported closing price of 360.48.
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.
What is the Fund Sentiment?
There are 3239 funds or institutions reporting positions in Deere. This is an increase of 16 owner(s) or 0.50% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 2.29%. Total shares owned by institutions decreased in the last three months by 0.08% to 242,148K shares.
The put/call ratio of DE is 1.38, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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 May 24, 2023, Citigroup maintained coverage of Deere (NYSE:DE) with a Buy recommendation. For more in-depth coverage of Deere, view the free, crowd-sourced company research report on Finpedia. 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.
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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 6,349K shares representing 2.14% ownership of the company.
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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 6,349K shares representing 2.14% ownership of the company. Fintel reports that on May 24, 2023, Citigroup maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
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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 5,658K shares, representing a decrease of 8.14%. Fintel reports that on May 24, 2023, Citigroup maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
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f3cfbc2f-b75d-4035-9f01-296d6518ce00
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720526.0
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2023-05-23 00:00:00 UTC
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Here is What to Know Beyond Why Deere & Company (DE) is a Trending Stock
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DE
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-deere-company-de-is-a-trending-stock-2
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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.
Shares of this agricultural equipment manufacturer have returned -7.1% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 6.4% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
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 $8.23 per share, indicating a change of +33.6% 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 $31.01 points to a change of +33.2% from the prior year. Over the last 30 days, this estimate has changed +1.4%.
For the next fiscal year, the consensus earnings estimate of $31.41 indicates a change of +1.3% from what Deere is expected to report a year ago. Over the past month, the estimate has changed -0.5%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Deere.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Deere, the consensus sales estimate of $14.36 billion for the current quarter points to a year-over-year change of +10.5%. The $55.75 billion and $56.05 billion estimates for the current and next fiscal years indicate changes of +16.4% and +0.5%, 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
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty 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.
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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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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. 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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For the next fiscal year, the consensus earnings estimate of $31.41 indicates a change of +1.3% from what Deere is expected to report a year ago. 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%. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Deere. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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For the next fiscal year, the consensus earnings estimate of $31.41 indicates a change of +1.3% from what Deere is expected to report a year ago. 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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f74d9ead-330d-493a-8f10-0f13443f2c5e
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720527.0
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2023-05-23 00:00:00 UTC
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Wall Street Responds Harshly to Deere & Co.’s Solid Q2 Earnings Performance
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DE
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https://www.nasdaq.com/articles/wall-street-responds-harshly-to-deere-co.s-solid-q2-earnings-performance
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nan
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nan
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Typically, beating expectations for profitability translates to a cause for celebration. Unfortunately, agricultural equipment manufacturing specialist Deere & Co. (US:DE) couldn’t quite benefit from its robust financial performance it posted last Friday, with DE stock fading nearly 2% following the disclosure. Still, contrarian market participants may have an undervalued opportunity on their hands.
For Deere’s fiscal second quarter ended April 30, the company reported net income of $2.86 billion, comparing favorably to the year-ago quarter’s tally of $2.098 billion. Further, for the first six months of the fiscal year, net income attributable to Deere was $4.819 billion, according to its press release. This haul tops the year-ago comparison of just over $3 billion.
On a per-share basis, the agricultural equipment specialist posted fully diluted earnings per share of $9.65, besting the year-ago EPS of $6.91. Also, according to Reuters, analysts anticipated EPS in the latest quarter to land at $8.59.
For worldwide net sales and revenues, this figure increased 30% to $17.39 billion for Q2. For the first six months of the fiscal year, total revenue jumped 31% to $30.04 billion.
“As shown by the company’s outstanding second-quarter results, Deere continues to benefit from favorable market conditions and an improving operating environment,” said in part Deere Chairman and CEO John C. May.
Bad Response
Unfortunately, the market didn’t respond well to the quarterly results, sending DE stock southbound. The decline materialized despite management raising its 2023 net income forecast to a range between $9.25 billion to $9.50 billion, higher than the previous range between $8.75 billion to $9.25 billion.
Analysts worried that increasing production levels may translate to an oversupply of equipment. “It's a subtle way of saying to investors 'don't extrapolate a better expected second-quarter into the next couple,” remarked Matt Arnold, equity analyst at Edward Jones, Reuters reported.
Still, most traders appeared enthusiastic about DE stock. Following Friday’s close, Deere represented one of the highlights on Fintel’s screener for unusual stock options volume. Call volume hit 61,575 contracts against an open interest reading of 57,481. On average, call volume reaches 4,248 contracts.
Moving to the other side of the equation, put volume landed at 45,357 contracts against open interest of 80,271. Put volume for DE averages 5,398 contracts.
To be fair, the put/call ratio of DE stock currently stands at 1.40. Since puts generally represent bearish bets, a put/call ratio greater than one indicates pessimism. In the open market, DE shares slipped more than 14% on a year-to-date basis.
Contrarian Opportunity
Still, this circumstance may open an undervalued opportunity for contrarian investors. Currently, the price-earnings ratio of DE stock sits at 13.41. Given Deere’s broad business footprint, the company may either fall under the engineering/construction sector or the farming/agriculture industry.
Either way, according to data from New York University, DE stock rates as a discount. For engineering/construction, the sector carries a trailing PE ratio of 29.06. For farming/agriculture, the sector’s PE ratio is 22.12.
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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Bad Response Unfortunately, the market didn’t respond well to the quarterly results, sending DE stock southbound. Unfortunately, agricultural equipment manufacturing specialist Deere & Co. (US:DE) couldn’t quite benefit from its robust financial performance it posted last Friday, with DE stock fading nearly 2% following the disclosure. Still, contrarian market participants may have an undervalued opportunity on their hands.
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For Deere’s fiscal second quarter ended April 30, the company reported net income of $2.86 billion, comparing favorably to the year-ago quarter’s tally of $2.098 billion. Moving to the other side of the equation, put volume landed at 45,357 contracts against open interest of 80,271. Unfortunately, agricultural equipment manufacturing specialist Deere & Co. (US:DE) couldn’t quite benefit from its robust financial performance it posted last Friday, with DE stock fading nearly 2% following the disclosure.
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Unfortunately, agricultural equipment manufacturing specialist Deere & Co. (US:DE) couldn’t quite benefit from its robust financial performance it posted last Friday, with DE stock fading nearly 2% following the disclosure. For Deere’s fiscal second quarter ended April 30, the company reported net income of $2.86 billion, comparing favorably to the year-ago quarter’s tally of $2.098 billion. The decline materialized despite management raising its 2023 net income forecast to a range between $9.25 billion to $9.50 billion, higher than the previous range between $8.75 billion to $9.25 billion.
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Unfortunately, agricultural equipment manufacturing specialist Deere & Co. (US:DE) couldn’t quite benefit from its robust financial performance it posted last Friday, with DE stock fading nearly 2% following the disclosure. For Deere’s fiscal second quarter ended April 30, the company reported net income of $2.86 billion, comparing favorably to the year-ago quarter’s tally of $2.098 billion. To be fair, the put/call ratio of DE stock currently stands at 1.40.
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11a70f66-e9f8-43b7-96d4-0388623aec2f
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720528.0
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2023-05-23 00:00:00 UTC
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ANALYSIS-Ford offers investors big bets but finds few takers
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DE
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https://www.nasdaq.com/articles/analysis-ford-offers-investors-big-bets-but-finds-few-takers
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nan
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nan
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By Joseph White
DEARBORN, Michigan, May 23 (Reuters) - Ford Motor Co F.N CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade.
"The third cycle of connected, digital products will be different," Farley said on Monday during a discussion with several analysts at the end of Ford's Capital Markets Day. "You have to be competitive with BYD 002594.SZ and Tesla."
Even if Ford hits its goal of boosting EV pretax profit margins to 8%, it will lag Tesla Inc's TSLA.O current margins.
That helps explain why investors and analysts who gave Farley good marks for strategy are not yet willing to send Ford shares to a new level. Ford shares were up 2.2% at $11.89 at midday on Tuesday, but the stock is down 25% from its 52-week high last August.
Barclays analyst Dan Levy in a research note on Tuesday called Ford "a show-me story."
Ford's presentations made clear the 120-year-old company faces hard choices over the next several years about where to compete, and where to retreat behind "moats," such as the pickup truck and commercial vehicle segments in North America and Europe.
"We suspect the ultimate manifestation of Ford’s transformation may follow a materially different path than that conveyed in Dearborn on Monday," Morgan Stanley analyst Adam Jonas wrote in a note on Tuesday.
The Ford of the late 2020s will be more focused on commercial customers, and could exit some high-volume consumer vehicle segments, Farley said. Revenue from software and insurance could provide new sources of profit, but Ford will rely on combustion vehicles for a significant share of cash flow "well into the next decade," executives said.
In China, the world's largest market, Farley outlined a strategy to pull back.
"We want to put less capital at risk" in China, Farley said in response to questions from analysts. "The metric that’s really key is export from China." Ford could use China as the production hub for affordable, commercial EVs, he said.
COMMERCIAL VEHICLES
Ford's strategy for delivering 10% pretax profit margins by 2026 - a 50% improvement from 2022 - relies on a series of interlocking bets.
Ford will back away from big markets - China and the global compact SUV segments - and try to use fewer models with more limited arrays of features to expand sales to 5.6 million vehicles annually from 4.2 million last year.
Ford's profitable combustion vehicle lineup must keep generating cash, even if demand starts to fall away in the second half of this decade, as company executives expect.
Farley's biggest bet is on Ford Pro, the company's commercial vehicle business, which is projected to deliver $6 billion in pretax profit this year and a 14% pretax profit margin by 2026. Ford Pro chief Ted Cannis said the unit could generate as much as $4,500 a vehicle from selling software-based services and insurance.
"It remains to be seen whether the attach rates for software and subscription services, at the consumer level in particular, will play out as all of the automakers want it to," said Brian Sponheimer, a portfolio manager who follows autos with Gabelli Funds, which has a small stake in Ford.
Ford suggested in its presentation that its shares could merit valuations comparable to "best in class industrials" such as Deere & Co DE.N and Caterpillar Inc CAT.N, stocks that trade at three to four times the pretax profit multiples investors give Ford.
"In general, and the market clearly thinks this, automakers do not deserve the benefit of the doubt," Sponheimer said.
Farley and his top executives told analysts on Monday they are confident the second generation of Ford EVs that will start launching in 2025 can earn 8% pretax profit margins by the following year.
"My problem in terms of an investment is more the industry," said Tim Ghriskey, senior portfolio manager with Ingalls & Snyder. He is not a current Ford investor but has owned shares in the past. "It's so competitive. There's no real advantage any particular company has over the other."
Ford seeks to reassure investors with EV, cost cut plans
(Reporting by Joe White in Dearborn, Michigan Additional reporting by Ben Klayman in Detroit Editing by Matthew Lewis)
((Joe.White@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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Ford's presentations made clear the 120-year-old company faces hard choices over the next several years about where to compete, and where to retreat behind "moats," such as the pickup truck and commercial vehicle segments in North America and Europe. "We suspect the ultimate manifestation of Ford’s transformation may follow a materially different path than that conveyed in Dearborn on Monday," Morgan Stanley analyst Adam Jonas wrote in a note on Tuesday. By Joseph White DEARBORN, Michigan, May 23 (Reuters) - Ford Motor Co F.N CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade.
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Ford's strategy for delivering 10% pretax profit margins by 2026 - a 50% improvement from 2022 - relies on a series of interlocking bets. Farley's biggest bet is on Ford Pro, the company's commercial vehicle business, which is projected to deliver $6 billion in pretax profit this year and a 14% pretax profit margin by 2026. Farley and his top executives told analysts on Monday they are confident the second generation of Ford EVs that will start launching in 2025 can earn 8% pretax profit margins by the following year.
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By Joseph White DEARBORN, Michigan, May 23 (Reuters) - Ford Motor Co F.N CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade. Farley's biggest bet is on Ford Pro, the company's commercial vehicle business, which is projected to deliver $6 billion in pretax profit this year and a 14% pretax profit margin by 2026. Ford suggested in its presentation that its shares could merit valuations comparable to "best in class industrials" such as Deere & Co DE.N and Caterpillar Inc CAT.N, stocks that trade at three to four times the pretax profit multiples investors give Ford.
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By Joseph White DEARBORN, Michigan, May 23 (Reuters) - Ford Motor Co F.N CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade. Ford's presentations made clear the 120-year-old company faces hard choices over the next several years about where to compete, and where to retreat behind "moats," such as the pickup truck and commercial vehicle segments in North America and Europe. "We suspect the ultimate manifestation of Ford’s transformation may follow a materially different path than that conveyed in Dearborn on Monday," Morgan Stanley analyst Adam Jonas wrote in a note on Tuesday.
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0465551b-b89b-4b24-96e9-4926dc1f7745
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720529.0
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2023-05-23 00:00:00 UTC
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Validea's Top 5 Industrial Stocks Based On Martin Zweig - 5/23/2023
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DE
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https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-martin-zweig-5-23-2023
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nan
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nan
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The following are the top rated Industrial stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
CSW INDUSTRIALS INC (CSWI) is a mid-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Martin Zweig is 77% 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.
Company Description: CSW Industrials, Inc. is a diversified industrial company with operations in three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. The Contractor Solutions segment manufactures and performance enhancing products for residential and commercial heating, ventilation, air conditioning and refrigeration and plumbing applications, which are designed primarily for professional end use customers. Its brands include Balco, Balco IllumiTread, Balco MetaflexPro and BlazeSeal. The Engineered Building Solutions segment provides primarily code-driven, life-safety products that are engineered to provide solutions for the construction, refurbishment and modernization of commercial, institutional and multi-family residential buildings. The Specialized Reliability Solutions segment manufactures and supplies highly specialized consumables that impart or enhance properties, such as lubricity, anti-seize qualities, friction, sealing and heat control.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CSW INDUSTRIALS INC
CSWI Guru Analysis
CSWI Fundamental Analysis
ARGAN, INC. (AGX) is a small-cap growth stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Argan, Inc. (Argan) is a holding company. It conducts operations through its wholly owned subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited and affiliates (APC), The Roberts Company, Inc. (TRC) and Southern Maryland Cable, Inc. (SMC). Through GPS and APC, its power industry services segment provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector. Through TRC, the industrial fabrication and field services segment provides on-site services that support new plant construction and additions, maintenance turnarounds, shutdowns and emergency mobilizations for industrial plants. Through SMC, its telecommunications infrastructure services segment provides project management, construction, installation and maintenance services to commercial, local government and federal government customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ARGAN, INC.
AGX Guru Analysis
AGX Fundamental Analysis
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating according to our strategy based on Martin Zweig is 69% 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.
Company Description: Deere & Company is engaged in the delivery of agricultural, construction, and forestry equipment. The Company's Production & precision agriculture segment develops and delivers global equipment and technology solutions to growers of large grains, small grains, cotton, and sugarcane. The Small agriculture & turf segment develops and delivers global equipment and technology solutions to dairy and livestock producers, high-value crop producers, and turf and utility customers. The Construction and Forestry segment develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry, and roadbuilding production systems. The Financial Services segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment, small agriculture and turf equipment and construction and forestry equipment. Its technology-enabled products include John Deere Autonomous 8R Tractor, See & Spray and E-Power Backhoe.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
RAYTHEON TECHNOLOGIES CORP (RTX) is a large-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Martin Zweig is 69% 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.
Company Description: Raytheon Technologies Corporation is an aerospace and defense company. The Company's operations are classified into four principal business segments: Collins Aerospace (Collins), Pratt & Whitney, Raytheon Intelligence & Space (RIS) and Raytheon Missiles & Defense (RMD). Its Collins segment is a provider of technologically advanced aerospace and defense products and aftermarket service solutions for aircraft manufacturers, airlines, and regional, business and general aviation, as well as for defense and commercial space operations. Pratt & Whitney is engaged in supplying aircraft engines for commercial, military, business jet and general aviation customers. RIS segment is a provider of integrated space, communication and sensor systems, and cyber and software solutions to intelligence, defense, federal and commercial customers. RMD segment is a provider of end-to-end solutions for United States and foreign government customers designed to detect, track and engage threats.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of RAYTHEON TECHNOLOGIES CORP
RTX Guru Analysis
RTX Fundamental Analysis
HILLENBRAND, INC. (HI) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig is 62% 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.
Company Description: Hillenbrand, Inc. is a global industrial company that provides engineered, mission-critical processing equipment and solutions. The Company's segments include Advanced Process Solutions, and Molding Technology Solutions. The Advanced Process Solutions segment is a global provider of compounding, extrusion, and material handling, screening and separating equipment and systems, and services. The segment is focused on engineered industrial processing solutions and aftermarket parts and services for a range of end markets and applications, including food, plastics, chemicals, and recycling. The Molding Technology Solutions segment is engaged in engineered and customized equipment and systems and services in plastic technology and processing. Its product portfolio includes injection molding and extrusion equipment and hot runner systems and process controller technology. The Company's portfolio includes brands, such as Coperion, Milacron Injection Molding & Extrusion, and Mold-Masters.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: FAIL
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HILLENBRAND, INC.
HI Guru Analysis
HI Fundamental Analysis
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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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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. The Contractor Solutions segment manufactures and performance enhancing products for residential and commercial heating, ventilation, air conditioning and refrigeration and plumbing applications, which are designed primarily for professional end use customers. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation.
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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. Detailed Analysis of CSW INDUSTRIALS INC CSWI Guru Analysis CSWI Fundamental Analysis ARGAN, INC. (AGX) is a small-cap growth stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation.
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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. Company Description: CSW Industrials, Inc. is a diversified industrial company with operations in three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Detailed Analysis of CSW INDUSTRIALS INC CSWI Guru Analysis CSWI Fundamental Analysis ARGAN, INC. (AGX) is a small-cap growth stock in the Construction Services industry.
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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. The following are the top rated Industrial stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. Company Description: CSW Industrials, Inc. is a diversified industrial company with operations in three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.
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9f1b871a-f14f-4e52-9ff4-27bba0887256
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720530.0
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2023-05-22 00:00:00 UTC
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Baird Maintains Deere (DE) Outperform Recommendation
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DE
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https://www.nasdaq.com/articles/baird-maintains-deere-de-outperform-recommendation
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Fintel reports that on May 22, 2023, Baird maintained coverage of Deere (NYSE:DE) with a Outperform recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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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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. 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.
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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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, Baird maintained coverage of Deere (NYSE:DE) with a Outperform recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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8eba0367-d0c5-4aa1-b331-9618320fb0d3
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720531.0
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2023-05-22 00:00:00 UTC
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Unusual Put Option Trade in Deere (DE) Worth $7,182.00K
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DE
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https://www.nasdaq.com/articles/unusual-put-option-trade-in-deere-de-worth-%247182.00k
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nan
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nan
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On May 22, 2023 at 15:30:49 ET an unusually large $7,182.00K block of Put contracts in Deere (DE) was bought, with a strike price of $420.00 / share, expiring in 25 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 11.89 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in DE options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. The projected annual non-GAAP EPS is 28.90.
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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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 Declares $1.25 Dividend
On February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 May 22, 2023 at 15:30:49 ET an unusually large $7,182.00K block of Put contracts in Deere (DE) was bought, with a strike price of $420.00 / share, expiring in 25 day(s) (on June 16, 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 2.79% ownership of the company. VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company.
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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 6,349K shares representing 2.14% ownership of the company. Deere Declares $1.25 Dividend On February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized).
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. On May 22, 2023 at 15:30:49 ET an unusually large $7,182.00K block of Put contracts in Deere (DE) was bought, with a strike price of $420.00 / share, expiring in 25 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 11.89 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in DE options.
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de357717-f45e-4b22-9007-8c40dcd31a50
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720532.0
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2023-05-22 00:00:00 UTC
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Wells Fargo Maintains Deere (DE) Overweight Recommendation
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DE
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https://www.nasdaq.com/articles/wells-fargo-maintains-deere-de-overweight-recommendation
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nan
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nan
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Fintel reports that on May 22, 2023, Wells Fargo maintained coverage of Deere (NYSE:DE) with a Overweight recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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 May 22, 2023, Wells Fargo maintained coverage of Deere (NYSE:DE) with a Overweight 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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, Wells Fargo maintained coverage of Deere (NYSE:DE) with a Overweight recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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d6f24667-e310-4fdf-9401-f9c85eec105c
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720533.0
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2023-05-22 00:00:00 UTC
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Morgan Stanley Maintains Deere (DE) Overweight Recommendation
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DE
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https://www.nasdaq.com/articles/morgan-stanley-maintains-deere-de-overweight-recommendation
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nan
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nan
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Fintel reports that on May 22, 2023, Morgan Stanley maintained coverage of Deere (NYSE:DE) with a Overweight recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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 May 22, 2023, Morgan Stanley maintained coverage of Deere (NYSE:DE) with a Overweight 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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, Morgan Stanley maintained coverage of Deere (NYSE:DE) with a Overweight recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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dbceca96-ac9c-484d-acd0-55188f3d196b
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720534.0
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2023-05-22 00:00:00 UTC
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B of A Securities Maintains Deere (DE) Neutral Recommendation
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DE
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https://www.nasdaq.com/articles/b-of-a-securities-maintains-deere-de-neutral-recommendation
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nan
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nan
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Fintel reports that on May 22, 2023, B of A Securities maintained coverage of Deere (NYSE:DE) with a Neutral recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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.
|
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. 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.
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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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, B of A Securities maintained coverage of Deere (NYSE:DE) with a Neutral recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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5a50d59b-85e3-4f02-9d5a-0fa54758b9df
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720535.0
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2023-05-22 00:00:00 UTC
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Deutsche Bank Maintains Deere (DE) Hold Recommendation
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DE
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https://www.nasdaq.com/articles/deutsche-bank-maintains-deere-de-hold-recommendation-0
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nan
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nan
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Fintel reports that on May 22, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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.
|
Fintel reports that on May 22, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. 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.
|
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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, Deutsche Bank maintained coverage of Deere (NYSE:DE) with a Hold recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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ed01fed6-78f7-4b7a-aa93-22330a2c5431
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720536.0
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2023-05-22 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
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Fintel reports that on May 22, 2023, DA Davidson maintained coverage of Deere (NYSE:DE) with a Buy recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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 May 22, 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. 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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, DA Davidson maintained coverage of Deere (NYSE:DE) with a Buy recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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884be045-ac5e-4d54-b799-37f93dcf35d5
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720537.0
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2023-05-22 00:00:00 UTC
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Oppenheimer Maintains Deere (DE) Outperform Recommendation
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DE
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https://www.nasdaq.com/articles/oppenheimer-maintains-deere-de-outperform-recommendation
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Fintel reports that on May 22, 2023, Oppenheimer maintained coverage of Deere (NYSE:DE) with a Outperform recommendation.
Analyst Price Forecast Suggests 31.54% Upside
As of May 11, 2023, the average one-year price target for Deere is 478.20. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 31.54% from its latest reported closing price of 363.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. 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 February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 received the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $363.55 / share, the stock's dividend yield is 1.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.32 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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 3237 funds or institutions reporting positions in Deere. This is an increase of 25 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.56%, an increase of 19.23%. Total shares owned by institutions increased in the last three months by 0.31% to 242,724K shares.
The put/call ratio of DE is 1.40, 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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% 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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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. 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.
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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 6,349K shares representing 2.14% ownership of the company.
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Deere Declares $1.25 Dividend On February 22, 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 6,349K shares representing 2.14% ownership of the company.
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At the current share price of $363.55 / share, the stock's dividend yield is 1.38%. Fintel reports that on May 22, 2023, Oppenheimer maintained coverage of Deere (NYSE:DE) with a Outperform recommendation. Analyst Price Forecast Suggests 31.54% Upside As of May 11, 2023, the average one-year price target for Deere is 478.20.
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d820887d-65d8-4acf-94ea-b35b4a4a0f0b
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720538.0
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2023-05-20 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-17
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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720539.0
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2023-05-19 00:00:00 UTC
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Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
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DE
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https://www.nasdaq.com/articles/deere-company-rallies-on-farm-equipment-boom-bullish-outlook
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Shares of Deere & Company (NYSE: DE) are trading higher in the pre-market session of Friday morning; the stock is set to open higher by as much as 6.6% as investors pile into the store. The renewed bullish sentiment comes amid the company's latest press release, relaying the second quarter 2023 results to investors. Within this report, management showcased strong performance and execution across different segments, with a focus on farming equipment.
There is a hidden tailwind in the ensuing farming equipment demand to be had, one that analysts may already be reflecting in their price targets, as companies like CF Industries (NYSE: CF) express their views on the near-term future for the farming industry. CF Industries operates as a chemicals manufacturer to make farming volumes possible. However, once crops are ready, farmers must turn to Deere for the proper tools and equipment. As CF points to high farming volumes for the remainder of 2023, Deere investors may experience more than just a double-digit upside potential set by analysts.
Catching a Wave
Deere reports a 34% bump in net sales for the second quarter of 2023 compared to the same period a year prior. Operational efficiencies enabled net income to grow at a faster clip of 36%. These increased cash flows and a margin boost opened a path for management to consider returning some cash to shareholders after a fantastic year. Close to $2.5 billion from the free cash flow pool was allocated to repurchase as many as 11.6 million shares off the open market; as management buys shares, this could be one of the first signs of undervaluation seen in the stock today.
Most of the sales growth came from the company's 'Production and Precision Agriculture,' representing all their farming-based product lines. With a net sales increase of 53% over the past twelve months, this segment brought in $7.8 billion in revenue, with a further operating profit bump of 105% amid favorable pricing conditions.
The segment's operating margin stood at 20.6% in the second quarter of 2022; today, it stood at 27.7% due to pricing power in the face of pent-up demand. Management provided some guidance for this segment within their earnings presentation, pointing to an approximate 20% sales boost for the end of the year and a 25% to 26% operating margin to represent a slight decline from today's levels.
Within CF Industries' earnings presentation, management points to a widely followed indicator that can predict farming activity in the future. Deere investors will find interest in the current state of the stocks-to-use ratios presented by CF, where a ten-year low ratio implies that supply levels today are inadequate relative to global demand.
During rising stocks-to-use ratios, such as 2014-2017, the Deere chart would portray the stock rallying by as much as 128%. The connection becomes clear once investors understand that CF industries are first in the farming value chain, where demand for their products will - and has - act as an indicator for farming equipment demand, where Deere stock shines after that.
Expectations Set
Even after today's rally, Deere analyst ratings are set on a consensus 20% upside. These targets may be driven by the following activity to be had in the agricultural segment of the company as the farming indicators pick up steam in the coming years. In addition, however, Wall Street may be focused on more conventional metrics. Excluding the COVID-19 effects on stock valuation, DE stock is sitting at an eight-year low price-to-earnings ratio of 14.2x.
Historically speaking, these multiples have hovered between the 20.0x to 24.0x range, significantly discounting Deere's potential as of today. What matters more for investors is the outlooks set for 2023 by management, where further optimization and growth can drive pleasant surprises.
Deere management is now expecting net income to fall between $9.25 billion and $9.50 billion, representing a 29.7% to 33.2% advance from net income reported for the end of the year 2022. With operating cash flows targeted at $10 billion to $10.5 billion and a capital expenditure guidance falling at $1.5 billion, investors are expected to be left with 2023 total free cash flow levels of $8.5 billion to $9.0 billion.
As management lays out its capital allocation strategy, it becomes evident that the free cash flow generated will drive the stock even higher. With a priority on keeping an "A" rating on credit, Deere management will dedicate a sum of these free cash flow levels to maintaining balance sheet integrity and liquidity. The company must remember about growth to reinvest into itself or other outside growth projects. The next tier of free cash flow allocation goes entirely to shareholders.
Targeting a 25% to 35% payout ratio for 2023, Deere's dividend today yields nearly 1.2% annually. It will be expected to rise as these conditions improve. Lastly, the remaining free cash flow will be deployed via share repurchases; considering that management chose to repurchase a significant volume (nearly 2.2% of the company's market cap) during the past quarter, investors can lean on the assumption that insiders believe the stock to be cheap.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Management provided some guidance for this segment within their earnings presentation, pointing to an approximate 20% sales boost for the end of the year and a 25% to 26% operating margin to represent a slight decline from today's levels. With a priority on keeping an "A" rating on credit, Deere management will dedicate a sum of these free cash flow levels to maintaining balance sheet integrity and liquidity. Shares of Deere & Company (NYSE: DE) are trading higher in the pre-market session of Friday morning; the stock is set to open higher by as much as 6.6% as investors pile into the store.
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There is a hidden tailwind in the ensuing farming equipment demand to be had, one that analysts may already be reflecting in their price targets, as companies like CF Industries (NYSE: CF) express their views on the near-term future for the farming industry. Within CF Industries' earnings presentation, management points to a widely followed indicator that can predict farming activity in the future. Shares of Deere & Company (NYSE: DE) are trading higher in the pre-market session of Friday morning; the stock is set to open higher by as much as 6.6% as investors pile into the store.
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There is a hidden tailwind in the ensuing farming equipment demand to be had, one that analysts may already be reflecting in their price targets, as companies like CF Industries (NYSE: CF) express their views on the near-term future for the farming industry. The connection becomes clear once investors understand that CF industries are first in the farming value chain, where demand for their products will - and has - act as an indicator for farming equipment demand, where Deere stock shines after that. Shares of Deere & Company (NYSE: DE) are trading higher in the pre-market session of Friday morning; the stock is set to open higher by as much as 6.6% as investors pile into the store.
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There is a hidden tailwind in the ensuing farming equipment demand to be had, one that analysts may already be reflecting in their price targets, as companies like CF Industries (NYSE: CF) express their views on the near-term future for the farming industry. Deere management is now expecting net income to fall between $9.25 billion and $9.50 billion, representing a 29.7% to 33.2% advance from net income reported for the end of the year 2022. As management lays out its capital allocation strategy, it becomes evident that the free cash flow generated will drive the stock even higher.
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720540.0
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2023-05-19 00:00:00 UTC
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US STOCKS-Wall St edges higher ahead of Powell comments; hopes of debt ceiling deal linger
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https://www.nasdaq.com/articles/us-stocks-wall-st-edges-higher-ahead-of-powell-comments-hopes-of-debt-ceiling-deal-linger
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By Shreyashi Sanyal and Shristi Achar A
May 19 (Reuters) - Wall Street's main indexes eked out gains on Friday ahead of Federal Reserve Chair Jerome Powell's comments at a monetary policy panel amid optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.
The positive momentum carried through for much of the week as investors tracked progress in talks between top U.S. lawmakers for an agreement on increasing the $31.4 trillion debt ceiling.
President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a deal soon, although they could be tripped up by last-minute opposition from the hardline House Freedom Caucus.
"The (investor) optimism is surrounding the comments being made by politicians regarding resolution of the debt ceiling issue," said Jason Pride, chief of investment strategy and research at Glenmede.
The main indexes traded in a tight range ahead of the panel discussion hosted by the Fed staff research conference at 11 a.m. EDT.
"He (Powell) should be articulating a need for the Fed to remain committed to bringing inflation down and to its path of interest rate hikes... he is going to articulate data dependency on that," Pride said.
At 9:54 a.m. ET, the Dow Jones Industrial Average .DJI was up 81.69 points, or 0.24%, at 33,617.60, the S&P 500 .SPX was up 13.76 points, or 0.33%, at 4,211.81, and the Nasdaq Composite .IXIC was up 7.56 points, or 0.06%, at 12,696.39.
Deere & CoDE.N rose 4.4% after the heavy machinery company raised its annual net income forecast buoyed by robust farm incomes.
Morgan Stanley MS.N fell 0.5% after CEO James Gorman announced he would step down from the role in the next 12 months.
Shares of Foot Locker IncFL.N plunged 25.2% after the footwear retailer cut its annual sales and profit forecasts.
Its forecast weighed on Dow Jones Industrial Average .DJI component Nike Inc NKE.N, shares which fell 4.4%., while Under Armour Inc UAA.N also lost 3.3%.
Regional banks showed signs of steadying after few volatile weeks, with the KBW Regional Banking index .KRX up 8.6% for the week, and on track to mark its best performance since early January last year.
The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data.
Alphabet IncGOOGL.O added 0.7% on a report that Samsung Electronics won't be swapping its default search engine from Google to Microsoft's Bing any time soon.
Over 90% of S&P 500 companies have reported, of which around 77% beat earnings expectations, according to Refinitiv data.
Advancing issues outnumbered decliners by a 2.02-to-1 ratio on the NYSE and by a 1.74-to-1 ratio on the Nasdaq.
The S&P index recorded 27 new 52-week highs and one new low, while the Nasdaq recorded 58 new highs and 28 new lows.
S&P 500 index and sectors this weekhttps://tmsnrt.rs/3pW3YiZ
(Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru; Editing by Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi; Shristi.AcharA@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 Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes eked out gains on Friday ahead of Federal Reserve Chair Jerome Powell's comments at a monetary policy panel amid optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. "The (investor) optimism is surrounding the comments being made by politicians regarding resolution of the debt ceiling issue," said Jason Pride, chief of investment strategy and research at Glenmede. The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data.
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Its forecast weighed on Dow Jones Industrial Average .DJI component Nike Inc NKE.N, shares which fell 4.4%., while Under Armour Inc UAA.N also lost 3.3%. The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data. The S&P index recorded 27 new 52-week highs and one new low, while the Nasdaq recorded 58 new highs and 28 new lows.
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By Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes eked out gains on Friday ahead of Federal Reserve Chair Jerome Powell's comments at a monetary policy panel amid optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data. S&P 500 index and sectors this weekhttps://tmsnrt.rs/3pW3YiZ (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru; Editing by Maju Samuel) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi; Shristi.AcharA@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 Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes eked out gains on Friday ahead of Federal Reserve Chair Jerome Powell's comments at a monetary policy panel amid optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The positive momentum carried through for much of the week as investors tracked progress in talks between top U.S. lawmakers for an agreement on increasing the $31.4 trillion debt ceiling. Its forecast weighed on Dow Jones Industrial Average .DJI component Nike Inc NKE.N, shares which fell 4.4%., while Under Armour Inc UAA.N also lost 3.3%.
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Checking on Airbnb, Alphabet, A. O. Smith, and Other Stocks Not Starting With an "A"
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In this Motley Fool Money podcast, Motley Fool senior analyst Matt Argersinger and Chief Investment Officer Andy Cross discuss:
The latest inflation data and the current state of play for investors.
How skepticism around the near-term future of Airbnb sent the stock lower.
Why Alphabet shares rose 10% after the company unveiled new devices and AI-enhanced software.
The latest from Disney, Roblox, JD.com, and PayPal.
The Cheesecake Factory's new rewards program.
Two stocks on their radar: A.O. Smith and Deere.
Plus, Ross Anderson, the co-founder of Craftwork Capital and co-host of the Check Your Balances podcast, shares the most common question he's getting from clients, advice for college graduates, and the economic data he's watching most closely.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Alphabet
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*Stock Advisor returns as of May 8, 2023
This video was recorded on May 12, 2023.
Chris Hill: Software, retail, restaurants, big tech, big macro -- we got a packed show, so strap in. Motley Fool Money starts now.
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Chris Hill: It's the Motley Fool Money radio show. I'm Chris Hill. Joining me in studio, Motley Fool Senior Analyst Matt Argersinger, and Andy Cross. Good to see you as always, gentlemen.
Matt Argersinger: Hi, Chris.
Andy Cross: Hi, Chris.
Chris Hill: We've got the latest headlines from Wall Street, we will dip into the Fool mailbag, and as always, we've got a couple of stocks on our radar. But we begin with the big macro. This week, we got more data showing that inflation is falling, but several things -- including and especially the debate over the debt ceiling -- seem to be casting a shadow over investors and the market. Matt, it really does seem like we are almost in a holding pattern, particularly when it comes to the debt ceiling debate. But where do you think we are now?
Matt Argersinger: I think we're always, as investors, looking for that next thing to worry about, and so we saw that CPI data come in. It confirmed that inflation is rolling over. I think most investors have concluded that we probably hit peak inflation sometime back. The Fed is probably done raising rates. But now we've got this debt ceiling to worry about. We've got that issue to worry about: How close do we actually get to the brink of not paying our debts, which we've never done, of course, in the U.S.?
Then in addition to that, I think you have this, I'll call it "emerging" banking crisis, where you're seeing deposits flowing out of banks into Treasuries, into higher-yielding money market accounts. So you've got liabilities that are real for banks, but then you've got their assets on the balance sheet which are shrinking. I think we've all experienced this. I have an Interactive Brokers account which is paying more than 4.5% now on cash. So you believe every dollar that I have that's not in Interactive Brokers, I'm trying to get into that account. That's killing the banks. At the same time, because you've got commercial real estate issues to worry about, you've got CNI lending, you've got credit issues at the banks, they're not making new loans right now. What does that do to the economy? There's a lot to worry about if you're an investor in the short term. We're past the inflation concern, but now we've got these other challenges.
Andy Cross: Well, it's not like we had enough challenges, and they throw the debt ceiling debate on top of us, which is just really ridiculous. Of all the things, you should not have to worry about the full faith and credit of the United States government to pay its bills, is one that I would always say should not be arguable. Yet there's a lot of blustering this week. We're seeing it from both sides of the aisle, and we'll have to see how that plays out. Chris, when I look, just thinking about this from an investing perspective, we talked about this earlier this morning, Matt, about the willingness to invest today as a capital allocator: Am I eager to put money to work? I'm still investing in the best opportunities, I think, I can find when I look out over the next three to five years. Interest rates, certainly over the next 12 to 18 months, will probably moderate to come down, I would think. How fast that happens, there's lots of debates, and you look at the futures markets and how fast they are pricing a cut to interest rates, I think, it's probably a little bit too aggressive. But certainly, over the next 12 to 18 months, you'll see interest rates normalize. As a long-term investor, I'm saying, well, we're going to see more volatility in the short term, but long term, where will interest rates be, what will the cost of borrowing be, what will the discount rates be? That's how I'm baking into my conviction to invest in what businesses I can find today that I think are going to thrive, and at what prices I'm willing to pay.
Matt Argersinger: Yeah, Andy, I agree. While investors are grappling with all those questions, and looking for those great long-term opportunities, they're saying, "Well, if I can sit in a 4% to 5% money market or short-term Treasury or CD, I'm actually good with that for the next three to six months."
Chris Hill: Let's get to some of the big earnings news of the week. We're going to start with Airbnb, where first-quarter profits and revenue came in higher than expected, but guidance for the second quarter scared investors. Shares of Airbnb falling 10% this week, Andy.
Andy Cross: A very solid quarter. I think maybe the "whisper numbers," if you really going to talk as a trader, were a little bit higher than even the earnings estimates were in there. Revenues were up 20%. By the way, that revenue number was at $1.8 billion. That included $146 million in interest income. That was up from $5 million a year ago, just talking about interest rates. Airbnb benefiting from the higher interest rates as the capital, the cash, gets stored into their accounts. Gross bookings at $20.4 billion, up 19%. Nights and experiences booked up 19% to 121.1 million. And this is where I think, maybe investors are looking for a little bit more, when you think about what we've seen from the likes of Booking.com, and from Marriott and others, that the travel market is really coming back. Maybe the numbers just weren't as high for that.
But Chris, as you mentioned, it was really the expectations going forward, a little bit weaker guidance when they start looking forward. Average daily rate was at $168 this quarter, that was flat versus a year ago. Total active listings were up 18%, that was an acceleration from the 16% in the fourth quarter. But the expectations for the rest of the year were more muted, not seeing a lot of growth that could get anyone really... The market really expected to see a little bit more of a surprise going forward. Now, as a long-term investor, I'm seeing this as a business that has shown the ability to generate both revenue and lots of free cash flow, and that's good for shareholders long term.
Chris Hill: CEO Brian Chesky, in talking about this current quarter, talked about -- hey, we've got a tough comp, if you think back to a year ago, the summer of 2022, all this pent-up demand. He's right about that. But when you look at what happens with the stock, it's almost like the market is taking a wait-and-see approach.
Andy Cross: Well, on the margin side, they're seeing the expectations for their operating profits on an EBITDA basis in this quarter coming up to be a little bit similar to what last quarter was, and actually a little bit lower on the margin side. So the market's trying to get to figure out where the steady state is with Airbnb. Obviously, the market opportunity is huge as they just had their summer release, and they continue to be a really go-to brand for short-term rental and travel. But when they're turning that into revenue growth, into margin growth, and then obviously, into free-cash-flow growth, and maybe the market was expecting a little bit more in the short term, but long term, I still think the opportunity for Airbnb shareholders is pretty bright.
Chris Hill: Disney's second-quarter results showed continued strength in the parks division. But the streaming business lost 4 million subscribers and $400 million. Shares of Disney down 9% as a result, Matt.
Matt Argersinger: Yeah, that was what caught, I think, investors by surprise, was the drop in the subscription numbers. Now, if you dig in a little bit though, I don't think it was as bad as maybe the numbers in the headlines suggested. If you look at the domestic (U.S. and Canada) subscription numbers, yes, they did drop about 1%. But the overall drop was largely driven by an 8% drop in their Hotstar product, which is an India-based subscription platform. If you strip out Hotstar and you just look at core Disney+ subscribers, which includes domestic and international, that actually rose 1%, and ESPN+ subscribers, that rose 2%, and Hulu subscribers were mostly flat. And the average monthly revenue per user -- ARPU, as we've come to know it -- that was up 13%. I think as a whole, the direct-to-consumer streaming business wasn't that bad. I just think that the actual drop caught investors by surprise.
You mentioned the parks being up 17% -- that's a big strength for the business. I think, in going into the quarter, a lot of investors were just really focused on the cost cuts. What is Disney going to do? What is Bob Iger going to do to right the ship here? And I think they're doing it, by all accounts. Operating profits were up 40% year over year. They generated $3.2 billion in operating cash flow. That was the highest quarterly figure since 2018. In a few years -- and you don't have to take my word for it, if you just take the consensus -- this is a company that could be generating $7 to $8 per share in earnings. I think that makes today's share price look pretty good to me. But of course, in the short term, there is that overhang with the subscription business.
Chris Hill: Well, and to go back to the point that Andy touched on earlier about the broader market and where do you allocate your capital -- it seems like, just if you timestamped this moment for Disney, there are enough question marks that certainly the professional investors would say, "You know what? Over the next three to six months, I'm going to look for other ways to invest my money."
Matt Argersinger: Exactly. That's the conundrum right now. By the way, in six months, you have to start also worrying about Bob Iger's succession. I don't think investors want another Bob Chapek experience here. That's going to be another concern down the road.
Chris Hill: Roblox started its fiscal year on a relatively strong note. Sure, they lost more money than Wall Street was expecting, but Roblox showed nice growth in both daily active users and overall engagement, and shares up more than 10% this week, Andy.
Andy Cross: Chris, let's just start with that -- little bit more of a loss now than expected. However, what's really interesting with Roblox is, right now, most of their metrics are going back to the 20% level. When you think about it -- average daily users were up 22%, revenue was up 22%, hours engaged were up 23%, bookings were up 23% -- so that's the revenue they'll be able to recognize going forward. But what's really interesting with Roblox is, they were very clear on how they have spent a lot of money, and very transparent on their cost structure. Hiring people, they've gone from 1,700 to 2,300 employees. But what they said is, they expect that, basically, has topped now, and they expect going forward they're going to see their bookings growth is going to be higher than their compensation expense and higher than their capital expenditures. I think when you think about the initiatives they're implementing with their advertising, just starting to test out some other advertising, using more and more AI. They're starting to really build that metaverse in there, and they're starting to attract more and more people over the age of 13. That's really good news, I think, for Roblox shareholders.
Chris Hill: Also good news for shareholders, this stock has quietly been up nearly 40% over the past year. They string a few more quarters together like this, and it starts to get really interesting.
Andy Cross: We had talked about the changes and the comparables. If you look at the last five quarters of growth and of bookings, it was minus 3%, minus 4%, then up 10%, up 17%, and then up 23% this last quarter. They were coming off those very tough COVID comps. That really knocked the stock down. Now, we're starting to see a little bit more of this rebound, and a little bit more of a stability and what's going to drive the business, the cash flow and drive the business model, and hopefully, user growth that drives all of that for the shareholders.
Chris Hill: After the break, Alphabet serves notice of the old adage: "When you come at the king, you best not miss." Stay right here. You're listening to Motley Fool Money.
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Chris Hill: Welcome back to Motley Fool Money. Chris Hill here in the studio with Matt Argersinger and Andy Cross. Shares of Chinese e-commerce company JD.com got a boost Thursday morning after first-quarter profits were higher than expected. But JD's report came with the somewhat surprising news that CEO Xu Lei is leaving after just one year on the job due to personal reasons. Definitely a surprise there, Matt.
Matt Argersinger: That was a surprise. This was someone who had been earmarked for the job for several years when Richard Liu was going to step down, which he did. We know Richard Liu has a little bit of a colorful history -- the founder of JD.com. But Xu Lei being only there a year in the top job after having such a long career was surprising. He only pointed to the fact that, "Hey, I want to spend more time with my family." You're not going to get a probably a lot more insights into that.
But I will point out that China has reopened. I think there has been a lot of excitement, especially among the big e-commerce players like JD.com, Alibaba -- how would they perform with that new potential resurgence in commerce activity? But JD's revenue was up less than 2% year over year. I think that was disappointing. I know the stock got a bit of a pop. They've been emphasizing their services more, the third-party sellers on their platform, and that business is actually doing quite well. But here they are: They're handing over the reins to JDs CFO. She's only been there since 2018. They're also talking about spinning off their JD Property and JD Industrials businesses. This is after spinning off the logistics business several years ago. I think with management reshuffling, I think with the spin-offs coming up, this is a tough one to nail down: What is the core earnings power and revenue power of this business over time? Being a Chinese company, it's already more opaque than you'd like it to be.
Chris Hill: PayPal's first-quarter results got overshadowed by current-quarter guidance that was lower than Wall Street was looking for. Shares of PayPal are down more than 15% this week, Andy, hitting a new five-year low.
Andy Cross: It's fascinating to think about this. I was talking to some investors here behind the scenes, and just what do we make of PayPal? This is a business that, when you look at the traditional metrics, it's just a slow steady grind right now. Dan Schulman, the CEO, is going to be leaving later on, so there's uncertainty around there. Active accounts up 1% this quarter, not really super crazy. But the revenues were up 9% -- that was ahead of their own guidance. Total payment volume's up 10%. Take rate was about flat -- so, the percentage of that volume of transactions [that] turns into revenue. But it's interesting, the balance between the branded PayPal business and some of those unbranded solutions they have for clients. They're driving more transactions to the unbranded, and that's a little bit lower-margin, so the guidance in the margin, even though the growth will be there and maybe the margin isn't there, they back-ended the guidance into the full year, into the second half of the year, as you mentioned, Chris, a little weaker in this next quarter.
So some of the guidance just gives us a little bit of question marks. I still think the stock is a buy. I still think it's very inexpensive based on their cash earnings potential. They're buying back lots of stock, they still generate lots of free cash flow. But I just think until we figure out what's going to happen to the CEO, the stock might just be stuck in a limbo mode here.
Chris Hill: I was just going to say, because Schulman announced in February that he was stepping down at the end of the year, they're being diligent -- if you want to be kind -- in terms of the process. If you don't want to be kind, you can say (I think fairly): What is taking so long? I really feel like three months from now, they need to have a lot more color on who the next CEO is going to be. Because I'm a shareholder, but I look at this business, I think: Who's the next CEO going to be? Until you can answer that, I'm not sure I want to load up on this stock even though it's at a five-year low.
Andy Cross: Especially Chris, because cost control and cost maintenance is a big part of this. So they're really in this operational-mode debate about it. Or we can get a strategist or an operator in the CEO role? We talked about Disney. We've talked many times in the show that the challenges that many companies have on succession planning, I think they were trying to be transparent and be out front, saying, "Hey, he is leaving and we're going to find the best candidate and we're going to let you know." But there's also just some uncertainty around that, that investors would prefer to have a person in right now that they know they could talk to and they could have a conversation with and build that relationship with.
Chris Hill: Although, on the flip side, it does seem like an attractive job. This does seem like a company with a lot of optionality, a lot of good things to like about it, that presumably, they're going to attract some good candidates.
Andy Cross: Well, and also, it is still a very popular brand. I mean, 433 million people have these accounts, and they have continually more and more user engagement recently, and that's been a good sign. But the question is, how do you continue to innovate and compete against the likes of these other competitors in both the branded side and the unbranded side that are coming after PayPal?
Chris Hill: On Wednesday, Google held its annual developers conference, where the company unveiled new gadgets including a folding phone with a price tag of $1,800, as well as new software fueled by artificial intelligence. Shares of parent company Alphabet up more than 10% this week. Matt, it really seemed like one of those events that reminded everyone how strong this company can be when they're on top of their game.
Matt Argersinger: That's a great word, "remind," Chris, because I think there has been a bit of a narrative shift. I think when ChatGPT broke into the market earlier this year or late last year, there was all of this sudden excitement about AI, and it turned into this arms race between Alphabet/Google and Microsoft. I think most assumed at that time and up until recently that Microsoft, they felt like they were first to market. They had their investment in OpenAI, that Microsoft has more to gain from infusing AI into things like Bing and its other tools and making them available on Azure for other users.
But I think what Google laid out successfully -- and as you said, reminded everyone of at this developer conference -- is that they have this really extensive ecosystem of products that people use already. So forget about search. Think about Gmail, Chrome, Google Docs, Google Sheets, Maps, Google Cloud. These are services used by billions of people, and Alphabet has the ability to infuse AI into all these services that people are already using, making them smarter, more efficient, better. So if I'm a Google user, why am I going to go away from that if those are already so popular?
Andy Cross: Well, they also had just a little bit of a challenge in explaining where they are specializing. They have multiple divisions, they've now unified their divisions. They have an investment in Anthropic. I'm a bull on Google and Alphabet, I think the shares are attractive, but I do fault them for how they've gone about communicating this, especially as Microsoft has been so aggressive in directly going after Google.
Matt Argersinger: Yeah, I think that's what this past week was. Let's remind everyone how good we actually are and what we've done. And we've been doing this for years. We've been investing in AI for many years.
Chris Hill: I just find it funny and also a little odd that when Microsoft made that investment in OpenAI, there were some people out in the financial community who were basically like, "Well, I think it's over now," and it's like: Really? You think the people at Alphabet are just going to sit back and do nothing?
Matt Argersinger: Let's remember, going into this on a valuation basis, Alphabet was a lot cheaper than Microsoft, so it had more upside anyway, as soon as more good news came out.
Chris Hill: Andy Cross, Matt Argersinger -- guys, we'll see you a little bit later in the show. But up next: What's the most common question financial planners are getting these days from their clients? Our guest Ross Anderson weighs in on that and a lot more right after the break. So stay right here. You're listening to Motley Fool Money.
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Chris Hill: Welcome back to Motley Fool Money. I'm Chris Hill. Joining me now is Ross Anderson. He is the co-founder of Craftwork Capital, a certified financial planner, and co-host of the weekly podcast Check Your Balances. Ross, thanks so much for being here.
Ross Anderson: Pleasure to be here with you, Chris. Always enjoying being on.
Chris Hill: A bunch of things I want to get your thoughts on. Let's start with the big macro because we're getting this constant barrage of inflation data and interest rates. I'm not saying that's not important. But we're also getting more talk of a potential recession, and I'm curious. Someone in your position, what do you find yourself focusing on as being particularly meaningful for investors?
Ross Anderson: I think like everybody, I'm looking at some of the same data, some of the CPI data. We're hoping that we're done with interest rate hikes for now. A lot of the same things that everybody is talking about. When I look at the bigger situation, I think one of the more concerning items is just the amount of credit debt and just what seems to be the consumer levering up. You've seen a lot of strength in the U.S. consumer. But if that is on the back of credit card debt and then we plow that into a recession, I think that that's a little bit of a scarier situation.
But really, I try to zoom out from a lot of it. I think just with humility around, even if you get the macro situation right, how does that help us make individual decisions in a better way? I think an interesting example would be to look back at 2020. If I told you, Chris, what was going to happen in 2020 at the start of the year, and I said we're going to have a 9% decline in GDP in the second quarter amidst a global pandemic, incredible amounts of unemployment -- I think it ticked up to 12%. And by the end of the year, we're not really going to have this thing figured out: Do you want to be a stock investor? You would have said, "No, I think I'm going to sit this one out."
Chris Hill: "I'm going to sit this out and I'm going to hoard cash."
Ross Anderson: Exactly. With perfect foresight. You could have perfect foresight into what was going to happen in the U.S. and global economy, and you could have still blown it. I think that that is so indicative of just how I view some of this as noise. I think we need to be making personal decisions on a risk-management level, making sure that we've got our cash reserves in the right spot and making sure our portfolios aren't levered up in ways that they shouldn't be for our risk tolerance and our time horizon. But beyond that, I just don't see a situation where you can take that input and completely make perfect choices even if you get it right.
Chris Hill: Obviously, I don't want you to disclose anything from any of your clients, but to the extent that you can, I am curious if you are seeing any sort of common theme in terms of the questions you're getting from clients, whether it is the aforementioned potential for a recession and fears associated with that, or something else. I'm curious about what you're hearing and what you're telling them.
Ross Anderson: I think probably the most common question right now really shifted, and it went from "How exciting are Treasury bills?" to "Oh my god, are we going to default on Treasury bills?" We've had this really incredible shift from people being excited that they could get a 4.5% to 5%-plus yield on a Treasury to then, "Wait, how safe is that investment that I just made? Is that really what I should be owning right now?"
I think as people are re-looking at these sources of safe yield -- we've been in an environment for more than a decade of incredibly low-interest rates and basically being told there's no other game in town other than stocks. If you want any growth out of your assets, if you want to grow your purchasing power, stocks are the answer. And now, we're seeing places where you can put your money in a bank and earn 4%-plus, and you can put your money in a Treasury and earn 5%, and you go: "That sounds pretty good in an uncertain market, that I might have some of that exposure." I think Treasurys, and then really the bond market as an extension of that, has become a more interesting place to be an investor, and to re-look at what role that plays in your portfolio even though that's certainly not the sexiest thing that we can talk about.
Chris Hill: It's not, although I am -- and I'm sure I'm not the only investor of a certain age who is in this situation -- I am having flashbacks to 2011 when the debt-ceiling conversation dominated not just Capitol Hill but Wall Street, and there was -- I don't want to say "paralysis," because that's probably overstating it -- but it was just this cloud hanging over every part of the investing conversation. But in the back of my mind, I just think, "Well, we're not actually going to default, are we?"
Ross Anderson: I certainly hope not. But the political theater of it -- I was told one time that the way you win a game of chicken is that you throw the steering wheel out of the car, and you make sure that they saw you do it. The way that you actually win a game of chicken is that you make them believe you're crazy enough because literally, you've lost control. That's what it seems like we're headed for, is a little bit of that style game of chicken, where it's going to come down to the wire, I think. I really believe that they're going to dig in and make a show out of it. I don't think that that's necessarily good for us, but my hope is that we get resolution on this and certainly that we don't put the faith of the U.S. Treasury in the kind of harm's way that it would have if there was a default. I really believe they'll get a deal done, but again, I think it's going to be a long road still from here.
Chris Hill: Let's move to a more positive topic then, and that is the fact that this month, millions of students are going to graduate from college. Any financial advice for them? Or if you could hop in a time machine, is there something you wish your younger self knew when you were walking across the stage accepting your diploma and graduating from college?
Ross Anderson: Well, I think you teed this question up without completely knowing this, but I graduated college in 2007. That turns out to have also been headed into a fairly choppy time in terms of financial markets, and was a real great time to start a career in the financial advice business.
So I had a couple of rough years, and so I think my takeaway from that is, No. 1: Don't extend yourself in terms of your overhead. If you're used to living like a college kid and having roommates, that is a good choice early in your career. Get your feet under you, get your career going in the right direction. You don't have to make all of the super-adult choices, and go out and take on big car payments or big overhead in whatever format that takes for you, right at the start. You can take it slowly, you can stay entrepreneurial. And really the more nimble you are, the more you're going to be able to take advantage of opportunities, whether that's moving to a different city for the perfect job for yourself, whether that is simply getting your savings going or starting to reduce your student loan debt.
I just think there are so many things that can happen for you in a positive way if you don't bite off too much. And I'm saying that very much from experience as somebody that bit off too much coming out of college, and then really paid the price for it and had to unwind a lot of bad choices, and it took a few years to do it. And ultimately, I'm a different person and a different advisor as a result of that, so I can't completely hate on those experiences because I think it did improve what I can do for other people. But definitely, I learned the hard way, and so I would hope others don't have to do that as well.
Chris Hill: We are in the back half of this earnings season, and one of the themes that I've been seeing is a little bit of a continuation of something we started to hear rumblings of in the earnings season earlier this year. And this is the fact that there are company executives, as well as some market commentators, who are talking broadly about the second half of 2023 being better for their businesses and the market in general. I'm wondering if that is an optimism you share, and regardless of that, as we approach the midpoint of 2023, what are you watching for the second half of the year?
Ross Anderson: I mean, there's no question that to me, what you're seeing a lot of companies do is focus on belt-tightening, profitability, being more responsible capital allocators. We've come out of this growth-at-all-costs environment and moved toward an environment where profitability -- which again, that's sounds like such a silly thing to talk about as investors, we should have always been concerned about profitability. But let's be honest, we've spent a bunch of years where we weren't. I think that that focus from a lot of these management teams is starting to be reflected. You're starting to see some of those choices flow through and be shown in terms of increases to profitability, even if the top line isn't growing as fast as maybe it was or maybe we would like to see.
I also think that the uncertainty of this year, as you think about your personal buying decisions: If you haven't had to go out and buy a house this year with interest rates up; if you haven't had to go out and make a massive investment or take on, like I said with the college folks, the big overhead -- you would delay that if you could. I think that as we see what's going to happen, as we see what the extent of the recession will be, I think you're going to see those management teams be more comfortable allocating their capital because it stops being the fear of, "Well, what are we headed into?" [and turns into] "OK, it's here, this is what it is. Let's continue to evolve our businesses."
I don't think you can defer those purchase decisions, I don't think that you can defer those investments, forever. And so I think there has been a little bit of can-kicking going on. I'm generally optimistic that as we stop having questions about what the future will be and start getting into it, you're going to see people go back to "OK, we still have a business to run," and that should be positive.
Chris Hill: Are you at all surprised when you hear people talking openly on financial television about interest-rate-cutting coming in the second half of the year? It seems like there's a growing number of people who just assume once inflation is under control, interest rates are going to get cut, and they're going to go back to where they were before. I just have a hard time believing we're going to go back to the era of free money for everyone forever.
Ross Anderson: No, I agree with you there. I think they will probably come down a little bit, eventually, but I don't think that they're going to come down to where they were. We have to recognize that post-2009 was not a normal environment, it was a very extended period of very low rates. If you look at where rates are on average going back 20 or 30 years, you're going to see that that 4% to 6% range is basically what normal is, and that we've just been below it. I think that they're going to normalize a little bit. I don't think it'll be immediate. I think the Fed is going to be very cautious in terms of what that first rate cut looks like, and I think that they're going to be cautious about what that signals to the market. I'm not suggesting or encouraging that we're immediately going to head for rate cuts. I think the people making that bet are really betting on a recession. I think that the bet that they're making is that we're going to plow into something uglier and they're going to have to cut rates, but it just doesn't seem that's the likely path to me right now.
Chris Hill: New episodes of the Check Your Balances podcast are out every Wednesday, so add it to your weekly listening. It is a great show and definitely worth your time. Ross Anderson, thanks so much for being here.
Ross Anderson: Appreciate it, Chris. See you later.
Chris Hill: After the break, Matt Argersinger and Andy Cross return. They've got a couple of stocks on their radar, so stay right here. You're listening to Motley Fool Money.
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Chris Hill: As always, people on the program may have interests in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. Welcome back to Motley Fool Money.
Chris Hill here in studio with Matt Argersinger and Andy Cross. Our email address is podcasts@fool.com. Got a note from Ben in Sacramento who writes: "Thanks to everyone at Motley Fool Money for helping shape my investing mentality from my young adult years. It's helped me grow my level of wealth significantly over the years despite having a very mediocre salary." Sorry about the salary, Ben. He goes on to write: "A few stocks I own have fallen more than 90% since I bought them in early 2021. My four lowest-performing stocks combine for now less than half a percent of my portfolio, and I'm trying to decide if I should sell these and reallocate the money elsewhere or pretend they don't exist now and leave them be, and take whatever potential future return I get as gravy. What are your thoughts?"
Matt, what do you think?
Matt Argersinger: Ben, right there with you.
Chris Hill: I got a couple of just like this.
Matt Argersinger: I know. I've got a bunch of stocks that are also down 80% to 90%, and they're a very small percentage of my portfolio. I think what we found over time at the Fool is that you're almost always better off just letting them be, because one or two of them might end up rebounding and being a decent-sized position again for your portfolio down the road versus trying to sell and just moving on. I don't know, it might be best just not doing anything.
Andy Cross: Then the only thing I would say is just in general, from a tax strategy, if it is in a taxable account, you can maybe use that to offset some of your taxable gains. I think when we say if you are going to sell, look at the bottom part of your portfolio rather than the top first, which is different than a lot of financial planners plan, but I think that's a better approach to think about how to continue to hold onto the great winners.
Chris Hill: Shares of The Cheesecake Factory have trailed the market's average return over the past few years, but this week, the company announced it will be launching a new loyalty program in June. Unlike most loyalty programs, Cheesecake Rewards -- and yes, that is the name of the program -- Cheesecake Rewards members will not earn points based on how much they spend. Instead, the company is going to use customer data to surprise members with rewards throughout the year. I'm interested to see how this goes, Matt, not just because they're taking a different approach on the rewards, but also, this is a higher-end restaurant. We don't see this type of thing.
Matt Argersinger: You don't. You see it all the time at quick-serve casual restaurants where they expect people to frequent more often, but this is an interesting bet. Now, unfortunately, I've only been to Cheesecake Factory I think once in my life, many years ago, but my parents absolutely love it. Mom and Dad, if you're listening, sign up. Let me know how it goes.
Chris Hill: What do you think, Andy?
Andy Cross: Well, I think it's an interesting take on the rewards program, as Matt said, thank goodness and not doing it by the calories ingested, considering the cheesecake, which I love, but boy, that is super-rich, but I do like this surprise mentality -- very Costco-esque.
Chris Hill: Let's get to the stocks on our radar. Our man behind the glass, Dan Boyd, is going to hit you with a question. Matt, you're up first. What are you looking at this week?
Matt Argersinger: Chris, I'm going with A. O. Smith, AOS is the ticker. This is one of the country's leading makers of commercial and residential water heaters. So exciting -- but it is an exciting business. First-quarter sales in their key North American segment were up 3%. That doesn't sound great, but it builds off some really impressive results they had a year ago. And it was surprising because a lot of investors thought volumes are going to come down for them. They had a 400-basis-point improvement in their operating margins, which drove earnings up 22%. Very impressive there. They also have big presences already in China and India. In fact, sales in India in the quarter were up 28% year over year, so that's huge. Inventories were a big concern going into the quarter. No longer a concern, those have been normalized. They generate a ton of cash. They upped their target for share buybacks by 100 million, but the dividend they paid in the quarter marked the 83rd consecutive year that AOS has paid a dividend to shareholders.
Chris Hill: 83 years?
Matt Argersinger: 83 years. Going back before the U.S. entered World War II, they've been paying dividends every year.
Chris Hill: Dan, a question about A. O. Smith.
Dan Boyd: Is Ron here? I'm very confused at the moment because this sounds exactly like the kind of stock that Ron Gross would be harping about every other show, yet he doesn't seem to be in the studio today.
Matt Argersinger: He's not, but you know, I learn from the best, Dan, and this is definitely a Ron Gross pick. You're absolutely right.
Chris Hill: Andy Cross, what are you looking at this week?
Andy Cross: Well, Dan, if you'd like 100-year-old companies, I think I got one that you might be interested in. It is Deere spelled with three Es, Dan, D-E-E-R-E, symbol DE.
Deere is the world's largest manufacturer of agricultural equipment, known for its tractors, lawn and garden equipment, construction, golf sport mowers, forestry, and so much more. They're also known for their brand, one of the most widely followed brands in the industrial space. $110 billion market cap, delivers more than $50 billion in sales, $7 billion in earnings every year, founded 180 years ago.
Food is essential. I love food. We talked about Cheesecake Factory earlier. We need to be more efficient in growing and harvesting that around the world. Deere is really leading that when it comes to technology and best-in-class products to make farming more automated, much more efficient. They're focused on smart machines that can use this geographic information system and on-the-ground data to really optimize production. The five-year returns, Dan, this stock has 173% versus 65% for the market. 10-year returns, 400% versus about 200% for the market. So I know a lot of technology companies, rightly so, get a lot of respect for their stock returns, but Deere, over the last five and 10 years has really delivered for shareholders. Priced at about 12 to 13 times earnings. A lot of excitement about what will happen this year, a little bit more risk coming next year. It is a very cyclical company, so we have to watch out a little bit for that. But very impressive performance by Deere, and the stock is down 12% year to date, so I think it's a buying opportunity.
Chris Hill: Dan, question about Deere?
Dan Boyd: A couple of things here, Chris. First, Deere with three Es, while accurate, is misleading, Andy. So I'm going to ding you for that. Second, so early this year, John Deere let farmers fix their own equipment instead of having them go through their own recurring revenue stream of fixing equipment. How much is that affecting the stock price today?
Andy Cross: I don't think so very much, Dan. They still have such great brand loyalty. The reason they can do that is because of that brand loyalty and a lot of after-part sales for Deere. So I think that's not a reason for the stock's underperformance. I think it's just short-term trading.
Chris Hill: Two very old companies. Dan, you've got one you want to add to your watch list?
Dan Boyd: This is a tough one because they both seem like really good shops. I'm going to go with Deere simply because I like the color green.
Chris Hill: [laughs] All right. Andy Cross, Matt Argersinger, guys, thanks for being here.
Matt Argersinger: Thanks, Chris.
Andy Cross: Thanks, Chris.
Chris Hill: That's going to do it for this week's Motley Fool Money radio show. The show is mixed by Dan Boyd. I'm Chris Hill. Thanks for listening. We'll see you next time.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Andy Cross has positions in Alphabet, Microsoft, PayPal, Roblox, and Walt Disney. Chris Hill has positions in Airbnb, Alphabet, Costco Wholesale, Microsoft, PayPal, Roblox, and Walt Disney. Dan Boyd has positions in Costco Wholesale and Walt Disney. Matthew Argersinger has positions in A. O. Smith, Airbnb, Alphabet, JD.com, PayPal, and Walt Disney and has the following options: short May 2023 $100 puts on Walt Disney. The Motley Fool has positions in and recommends Airbnb, Alphabet, Costco Wholesale, JD.com, Microsoft, PayPal, Roblox, and Walt Disney. The Motley Fool recommends A. O. Smith, Deere, and Interactive Brokers Group and recommends the following options: long January 2024 $145 calls on Walt Disney, short January 2024 $155 calls on Walt Disney, and short June 2023 $67.50 puts on PayPal. 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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Plus, Ross Anderson, the co-founder of Craftwork Capital and co-host of the Check Your Balances podcast, shares the most common question he's getting from clients, advice for college graduates, and the economic data he's watching most closely. Chris Hill: Well, and to go back to the point that Andy touched on earlier about the broader market and where do you allocate your capital -- it seems like, just if you timestamped this moment for Disney, there are enough question marks that certainly the professional investors would say, "You know what? Chris Hill: On Wednesday, Google held its annual developers conference, where the company unveiled new gadgets including a folding phone with a price tag of $1,800, as well as new software fueled by artificial intelligence.
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Plus, Ross Anderson, the co-founder of Craftwork Capital and co-host of the Check Your Balances podcast, shares the most common question he's getting from clients, advice for college graduates, and the economic data he's watching most closely. The Motley Fool recommends A. O. Smith, Deere, and Interactive Brokers Group and recommends the following options: long January 2024 $145 calls on Walt Disney, short January 2024 $155 calls on Walt Disney, and short June 2023 $67.50 puts on PayPal. Why Alphabet shares rose 10% after the company unveiled new devices and AI-enhanced software.
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They're driving more transactions to the unbranded, and that's a little bit lower-margin, so the guidance in the margin, even though the growth will be there and maybe the margin isn't there, they back-ended the guidance into the full year, into the second half of the year, as you mentioned, Chris, a little weaker in this next quarter. I also think that the uncertainty of this year, as you think about your personal buying decisions: If you haven't had to go out and buy a house this year with interest rates up; if you haven't had to go out and make a massive investment or take on, like I said with the college folks, the big overhead -- you would delay that if you could. Why Alphabet shares rose 10% after the company unveiled new devices and AI-enhanced software.
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Why Alphabet shares rose 10% after the company unveiled new devices and AI-enhanced software. Smith and Deere. Plus, Ross Anderson, the co-founder of Craftwork Capital and co-host of the Check Your Balances podcast, shares the most common question he's getting from clients, advice for college graduates, and the economic data he's watching most closely.
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2023-05-19 00:00:00 UTC
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Deere (DE) Q2 Earnings & Revenues Top Estimates, '23 View Raised
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https://www.nasdaq.com/articles/deere-de-q2-earnings-revenues-top-estimates-23-view-raised
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Deere & Company DE reported second-quarter fiscal 2023 (ended Apr 30) earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57. The bottom line increased 42% from the prior-year quarter’s levels. Continued strength in demand despite supply-chain constraints contributed to the bottom line.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $16,079 million, up 33.6% year over year. Revenues topped the Zacks Consensus Estimate of $14,845 million. Total net sales (including financial services and others) were $17,387 million, up 30% year over year.
Operational Update
The cost of sales in the reported quarter was up 20.3% year over year to $10,730 million. Total gross profit increased 49.5% year over year to $6,657 million. Selling, administrative and general expenses rose 42.7% to $1,330 million from the prior-year period’s levels.
Total operating profit (including financial services) was up 46% year over year to $3,898 million in the fiscal second quarter.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote
Segment Performance
The Production & Precision Agriculture segment’s sales rose 53% year over year to $7,822 million, primarily driven by higher shipment volumes and price realization. Operating profit increased 105% year over year to $2,170 million.
Small Agriculture & Turf sales rose 16% to $4,145 million from the year-earlier quarter’s levels. Segmental sales benefited from price realization and higher shipment volume offset by the unfavorable impact of currency translation. Operating profit rose 63% year over year to $849 million.
Construction & Forestry sales were $4,112 million, up 23% year over year, backed by higher shipment volumes and price realization. Operating profit increased 3% year over year to $838 million.
Net revenues in Deere’s Financial Services division were $28 million in the reported quarter, down 87% year over year. The downside was primarily caused by less-favorable financing spreads and a higher provision for credit losses.
Financial Update
Deere reported cash and cash equivalents of $3,587 million at the end of second-quarter fiscal 2023 compared with $3,878 million recorded at the year-ago quarter’s end. Cash utilized in operating activities was $147 million in the first half of fiscal 2023 compared with $1,762 million in the prior-year period. At the end of the quarter, the long-term borrowing was nearly $36 billion compared with $32 billion in the year-ago quarter’s end.
Guidance
Deere expects net income for fiscal 2023 to be between $9.25 billion and $9.50 billion, up from the previously disclosed guidance of $8.75-$9.25 billion. Favorable farm fundamentals and increased investment in infrastructure will drive demand for DE’s equipment.
Net sales for Production & Precision Agriculture are expected to register growth of 20% in fiscal 2023 from the prior-year quarter’s reported level. Sales of Small Agriculture & Turf are expected to be flat to up 5%. Sales of Construction & Forestry are projected to be up 10-15%.
Price Performance
Deere’s shares have gained 1.6% in the past year compared with the industry’s growth of 0.3%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Worthington Industries, Inc. WOR, The Manitowoc Company, Inc. MTW and AptarGroup, Inc. ATR. WOR and MTW flaunt a Zacks Rank #1 (Strong Buy) at present, while ATR has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Worthington Industries has an average trailing four-quarter earnings surprise of 27.5%. The Zacks Consensus Estimate for WOR’s fiscal 2023 earnings is pegged at $4.93 per share, up 17.7% in the past 60 days. WOR has gained 30.6% in the past year.
Manitowoc has an average trailing four-quarter earnings surprise of 38.8%. The Zacks Consensus Estimate for MTW’s 2023 earnings is pegged at 85 cents per share, up 63.5% in the past 60 days. MTW’s shares have gained 35.2% in the past year.
The Zacks Consensus Estimate for AptarGroup’s 2023 earnings per share is pegged at $4.15, up 8% in the past 60 days. ATR has a trailing four-quarter average earnings surprise of 6.4%. ATR has gained 15% in the last 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
The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
Worthington Industries, Inc. (WOR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
AptarGroup, Inc. (ATR) : 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 & Company DE reported second-quarter fiscal 2023 (ended Apr 30) earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57. Continued strength in demand despite supply-chain constraints contributed to the bottom line. Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Segment Performance The Production & Precision Agriculture segment’s sales rose 53% year over year to $7,822 million, primarily driven by higher shipment volumes and price realization.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Segment Performance The Production & Precision Agriculture segment’s sales rose 53% year over year to $7,822 million, primarily driven by higher shipment volumes and price realization. Financial Update Deere reported cash and cash equivalents of $3,587 million at the end of second-quarter fiscal 2023 compared with $3,878 million recorded at the year-ago quarter’s end. 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 AptarGroup, Inc. (ATR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Segment Performance The Production & Precision Agriculture segment’s sales rose 53% year over year to $7,822 million, primarily driven by higher shipment volumes and price realization. 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 AptarGroup, Inc. (ATR) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE reported second-quarter fiscal 2023 (ended Apr 30) earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Segment Performance The Production & Precision Agriculture segment’s sales rose 53% year over year to $7,822 million, primarily driven by higher shipment volumes and price realization. Deere & Company DE reported second-quarter fiscal 2023 (ended Apr 30) earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57. Continued strength in demand despite supply-chain constraints contributed to the bottom line.
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2023-05-19 00:00:00 UTC
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Pre-Markets in Green on Mixed Earnings Results
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https://www.nasdaq.com/articles/pre-markets-in-green-on-mixed-earnings-results
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The markets keep on the sunny side again this morning, with indices looking to complete their best-performing weeks in almost two months. Following the Dow and S&P 500’s highest closes since August 2022 and the Nasdaq’s best day since May 5th, the Dow is up another +100 points at this hour, the S&P is +15 and the Nasdaq +30. Market participants clearly feel good that Congress will reach a deal on the debt ceiling, and the “soft landing” narrative seems to have legs.
As far as potential market movers today, we will hear from both New York Fed President John Williams and, separately, a forum called “Perspectives on Monetary Policy” featuring Fed Chair Jerome Powell and former Fed Chair Ben Bernanke on the panel. Because the most recent Fed meeting is not so far in the rear view — and the next meeting not until mid-June — we don’t expect to hear much at odds drastically from current Fed opinion.
That said, whether the rate-hike stint is being retired has been very much an open question, with resilience in aspects of the economy such as employment tending to tilt expectations toward another 25 basis-point (bps) sandbag to staunch the tide of inflation. But the markets aren’t pricing that in; at this stage — and with this level of market exuberance — most investors are expecting the Fed to pause at its next meeting. Could today’s talks throw cold water on this assumption?
Farm machinery giant Deere & Co. DE put up very strong numbers in its fiscal Q2 earnings report out before today’s opening bell. Earnings of $9.65 per share was a +12.6% positive surprise over the Zacks consensus, and nearly 3x the trailing 4-quarter beat average. Revenues of $16.08 billion easily surpassed the $14.84 billion, by an impressive +8.3%. Shares are up +4.4% on the news in today’s pre-market, but still down year to date.
On the other side of the spectrum, Foot Locker FL broke its streak of 11 straight quarters above expectations, posting earnings of 70 cents per share versus the Zacks estimate 78 cents. This is also less than half the $1.60 per share reported in the year-ago quarter. Revenues of $1.93 billion missed consensus by -3.2%. And pre-market trading — in what we’ve already described as a bullish environment — is dismal: -25%. This pushes Foot Locker shares into negative territory for the 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
Foot Locker, Inc. (FL) : 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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Market participants clearly feel good that Congress will reach a deal on the debt ceiling, and the “soft landing” narrative seems to have legs. That said, whether the rate-hike stint is being retired has been very much an open question, with resilience in aspects of the economy such as employment tending to tilt expectations toward another 25 basis-point (bps) sandbag to staunch the tide of inflation. Farm machinery giant Deere & Co. DE put up very strong numbers in its fiscal Q2 earnings report out before today’s opening bell.
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On the other side of the spectrum, Foot Locker FL broke its streak of 11 straight quarters above expectations, posting earnings of 70 cents per share versus the Zacks estimate 78 cents. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report To read this article on Zacks.com click here. The markets keep on the sunny side again this morning, with indices looking to complete their best-performing weeks in almost two months.
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As far as potential market movers today, we will hear from both New York Fed President John Williams and, separately, a forum called “Perspectives on Monetary Policy” featuring Fed Chair Jerome Powell and former Fed Chair Ben Bernanke on the panel. On the other side of the spectrum, Foot Locker FL broke its streak of 11 straight quarters above expectations, posting earnings of 70 cents per share versus the Zacks estimate 78 cents. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On the other side of the spectrum, Foot Locker FL broke its streak of 11 straight quarters above expectations, posting earnings of 70 cents per share versus the Zacks estimate 78 cents. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report To read this article on Zacks.com click here. The markets keep on the sunny side again this morning, with indices looking to complete their best-performing weeks in almost two months.
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720544.0
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2023-05-19 00:00:00 UTC
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Noteworthy Friday Option Activity: DE, NFLX, CMG
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-de-nflx-cmg
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 78,083 contracts have traded so far, representing approximately 7.8 million underlying shares. That amounts to about 472.9% of DE's average daily trading volume over the past month of 1.7 million shares. Particularly high volume was seen for the $400 strike call option expiring May 26, 2023, with 7,783 contracts trading so far today, representing approximately 778,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $400 strike highlighted in orange:
Netflix Inc (Symbol: NFLX) saw options trading volume of 266,109 contracts, representing approximately 26.6 million underlying shares or approximately 459.9% of NFLX's average daily trading volume over the past month, of 5.8 million shares. Especially high volume was seen for the $370 strike call option expiring May 19, 2023, with 23,001 contracts trading so far today, representing approximately 2.3 million underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $370 strike highlighted in orange:
And Chipotle Mexican Grill Inc (Symbol: CMG) options are showing a volume of 12,569 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 345.9% of CMG's average daily trading volume over the past month, of 363,330 shares. Especially high volume was seen for the $2100 strike call option expiring May 19, 2023, with 319 contracts trading so far today, representing approximately 31,900 underlying shares of CMG. Below is a chart showing CMG's trailing twelve month trading history, with the $2100 strike highlighted in orange:
For the various different available expirations for DE options, NFLX options, or CMG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding HCBK
DCSX Historical Stock Prices
Top Ten Hedge Funds Holding ERHE
The views and 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 $400 strike call option expiring May 26, 2023, with 7,783 contracts trading so far today, representing approximately 778,300 underlying shares of DE. Especially high volume was seen for the $370 strike call option expiring May 19, 2023, with 23,001 contracts trading so far today, representing approximately 2.3 million underlying shares of NFLX. Especially high volume was seen for the $2100 strike call option expiring May 19, 2023, with 319 contracts trading so far today, representing approximately 31,900 underlying shares of CMG.
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Below is a chart showing DE's trailing twelve month trading history, with the $400 strike highlighted in orange: Netflix Inc (Symbol: NFLX) saw options trading volume of 266,109 contracts, representing approximately 26.6 million underlying shares or approximately 459.9% of NFLX's average daily trading volume over the past month, of 5.8 million shares. Especially high volume was seen for the $370 strike call option expiring May 19, 2023, with 23,001 contracts trading so far today, representing approximately 2.3 million underlying shares of NFLX. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 78,083 contracts have traded so far, representing approximately 7.8 million underlying shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 78,083 contracts have traded so far, representing approximately 7.8 million underlying shares. Below is a chart showing DE's trailing twelve month trading history, with the $400 strike highlighted in orange: Netflix Inc (Symbol: NFLX) saw options trading volume of 266,109 contracts, representing approximately 26.6 million underlying shares or approximately 459.9% of NFLX's average daily trading volume over the past month, of 5.8 million shares. Especially high volume was seen for the $370 strike call option expiring May 19, 2023, with 23,001 contracts trading so far today, representing approximately 2.3 million underlying shares of NFLX.
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Below is a chart showing DE's trailing twelve month trading history, with the $400 strike highlighted in orange: Netflix Inc (Symbol: NFLX) saw options trading volume of 266,109 contracts, representing approximately 26.6 million underlying shares or approximately 459.9% of NFLX's average daily trading volume over the past month, of 5.8 million shares. Especially high volume was seen for the $370 strike call option expiring May 19, 2023, with 23,001 contracts trading so far today, representing approximately 2.3 million underlying shares of NFLX. Especially high volume was seen for the $2100 strike call option expiring May 19, 2023, with 319 contracts trading so far today, representing approximately 31,900 underlying shares of CMG.
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8b42aec4-7298-4f92-9383-35c4415a52a7
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720545.0
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2023-05-19 00:00:00 UTC
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Deere (DE) Surpasses Q2 Earnings and Revenue Estimates
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DE
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https://www.nasdaq.com/articles/deere-de-surpasses-q2-earnings-and-revenue-estimates
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Deere (DE) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57 per share. This compares to earnings of $6.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 12.60%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $5.53 per share when it actually produced earnings of $6.55, delivering a surprise of 18.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.08 billion for the quarter ended April 2023, surpassing the Zacks Consensus Estimate by 8.32%. This compares to year-ago revenues of $12.03 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deere shares have lost about 13.6% since the beginning of the year versus the S&P 500's gain of 9.3%.
What's Next for Deere?
While Deere has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Deere: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $8.18 on $14.5 billion in revenues for the coming quarter and $30.61 on $54.54 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Farm Equipment is currently in the top 12% 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.
Columbus McKinnon (CMCO), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended March 2023. The results are expected to be released on May 25.
This maker of materials handling products and systems is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of -6.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Columbus McKinnon's revenues are expected to be $244.83 million, down 3.4% from the year-ago quarter.
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
Columbus McKinnon Corporation (CMCO) : 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. Columbus McKinnon (CMCO), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended March 2023. Deere (DE) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57 per share.
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Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.08 billion for the quarter ended April 2023, surpassing the Zacks Consensus Estimate by 8.32%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Columbus McKinnon Corporation (CMCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57 per share.
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Deere (DE) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57 per share. Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.08 billion for the quarter ended April 2023, surpassing the Zacks Consensus Estimate by 8.32%. 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.
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Deere (DE) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $8.57 per share. 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 agricultural equipment manufacturer would post earnings of $5.53 per share when it actually produced earnings of $6.55, delivering a surprise of 18.44%.
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0ab85fce-5c6d-47fa-b9bc-bf29ed6242c5
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720546.0
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2023-05-19 00:00:00 UTC
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US STOCKS-Wall Street set to open higher on hopes of debt ceiling deal
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-to-open-higher-on-hopes-of-debt-ceiling-deal
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By Shreyashi Sanyal and Shristi Achar A
May 19 (Reuters) - Wall Street's main indexes were on track to open higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.
S&P 500 futures EScv1 hit a 15-week high in early trading, while Nasdaq e-minis NQcv1 breached levels not seen in nine months.
The positive momentum carried through for much of the week as investors tracked progress in talks between top U.S. lawmakers for an agreement on increasing the $31.4 trillion debt ceiling.
President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a deal soon, although they could be tripped up by last-minute opposition from the hardline House Freedom Caucus.
"The (investor) optimism is surrounding the comments being made by politicians regarding resolution of the debt ceiling issue," said Jason Pride, chief of investment strategy and research at Glenmede.
At 8:30 a.m. ET, Dow e-minis 1YMcv1 were up 101 points, or 0.3%, S&P 500 e-minis EScv1 were up 12.25 points, or 0.29%, and Nasdaq 100 e-minis NQcv1 were up 6 points, or 0.04%.
Federal Reserve Chair Jerome Powell is expected to speak at an economic forum later in the day, a panel discussion that will be scrutinized for any further clues on the path of U.S. monetary policy. Former chair Ben Bernanke is also expected to participate in the panel.
"He (Powell) should be articulating a need for the Fed to remain committed to bringing inflation down and committed to its path of interest rate hikes and tightening of monetary policy ... he is going to articulate data dependency on that," Pride said.
Regional banks showed signs of steadying after wild swings in the recent few weeks, with the KBW Regional Banking index .KRX up 8.5% for the week. It was also set to mark its best performance since early January last year.
The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data.
The S&P 500 banks index .SPXBK is on course to end the week 5.3% higher, snapping a three-week losing streak.
Deere & CoDE.N rose 3.5% after the heavy machinery company raised its annual net income forecast buoyed by robust farm incomes.
Alphabet IncGOOGL.O added 1.2% on a report that Samsung Electronics won't be swapping its default search engine from Google to Microsoft's Bing any time soon.
Shares of Foot Locker IncFL.N plunged 25.1% after the footwear retailer cut its annual sales and profit forecasts, reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.
Nike Inc NKE.N and Under Armour Inc UAA.N also fell 2.6% and 2.8% respectively.
Morgan Stanley MS.N fell 0.4% after CEO James Gorman announced he would step down from the role in the next 12 months.
S&P 500 index and sectors this weekhttps://tmsnrt.rs/3pW3YiZ
(Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru; Editing by Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi; Shristi.AcharA@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 Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes were on track to open higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. "The (investor) optimism is surrounding the comments being made by politicians regarding resolution of the debt ceiling issue," said Jason Pride, chief of investment strategy and research at Glenmede. Shares of Foot Locker IncFL.N plunged 25.1% after the footwear retailer cut its annual sales and profit forecasts, reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.
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By Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes were on track to open higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data. S&P 500 index and sectors this weekhttps://tmsnrt.rs/3pW3YiZ (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru; Editing by Maju Samuel) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi; Shristi.AcharA@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The benchmark S&P 500 index .SPX and the Nasdaq .IXIC were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data. S&P 500 index and sectors this weekhttps://tmsnrt.rs/3pW3YiZ (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru; Editing by Maju Samuel) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi; Shristi.AcharA@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes were on track to open higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.
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The positive momentum carried through for much of the week as investors tracked progress in talks between top U.S. lawmakers for an agreement on increasing the $31.4 trillion debt ceiling. Federal Reserve Chair Jerome Powell is expected to speak at an economic forum later in the day, a panel discussion that will be scrutinized for any further clues on the path of U.S. monetary policy. By Shreyashi Sanyal and Shristi Achar A May 19 (Reuters) - Wall Street's main indexes were on track to open higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend.
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494a3663-1525-4e92-abb0-cbe34a9727cb
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720547.0
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2023-05-19 00:00:00 UTC
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Deere & Co Q2 Results Climb, Beat Estimates; Lifts FY23 Earnings View; Stock Up In Premarket
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DE
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https://www.nasdaq.com/articles/deere-co-q2-results-climb-beat-estimates-lifts-fy23-earnings-view-stock-up-in-premarket
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(RTTNews) - Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, reported Friday that its second-quarter net income grew 36 percent to $2.86 billion or $9.65 per share from last year's $2.10 billion or $6.81 per share.
Worldwide net sales and revenues increased 30 percent to $17.387 billion from $13.37 billion a year ago.
Net sales were $16.079 billion for the quarter, compared to $12.034 billion last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $8.59 per share on revenues of $14.83 billion for the quarter. Analysts' estimates typically exclude special items.
Further for fiscal 2023, the company now expects net income attributable to be in a range of $9.25 billion to $9.50 billion, higher than previous estimate of $8.75 billion to $9.25 billion.
Cash flow from equipment operations is expected to be $10.00 billion to $10.50 billion.
In pre-market activity on the NYSE, the shares were gaining around 6.6 percent to trade at $395.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, reported Friday that its second-quarter net income grew 36 percent to $2.86 billion or $9.65 per share from last year's $2.10 billion or $6.81 per share. In pre-market activity on the NYSE, the shares were gaining around 6.6 percent to trade at $395. Worldwide net sales and revenues increased 30 percent to $17.387 billion from $13.37 billion a year ago.
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(RTTNews) - Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, reported Friday that its second-quarter net income grew 36 percent to $2.86 billion or $9.65 per share from last year's $2.10 billion or $6.81 per share. Worldwide net sales and revenues increased 30 percent to $17.387 billion from $13.37 billion a year ago. Analysts' estimates typically exclude special items.
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(RTTNews) - Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, reported Friday that its second-quarter net income grew 36 percent to $2.86 billion or $9.65 per share from last year's $2.10 billion or $6.81 per share. Worldwide net sales and revenues increased 30 percent to $17.387 billion from $13.37 billion a year ago. Analysts' estimates typically exclude special items.
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(RTTNews) - Deere & Co. (DE), a manufacturer of agricultural machinery and heavy equipment, reported Friday that its second-quarter net income grew 36 percent to $2.86 billion or $9.65 per share from last year's $2.10 billion or $6.81 per share. Analysts' estimates typically exclude special items. Worldwide net sales and revenues increased 30 percent to $17.387 billion from $13.37 billion a year ago.
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19f09a7f-0ac6-475b-bf9f-2455b0e697d6
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720548.0
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2023-05-19 00:00:00 UTC
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Deere And Co Q2 23 Earnings Conference Call At 10:00 AM ET
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DE
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https://www.nasdaq.com/articles/deere-and-co-q2-23-earnings-conference-call-at-10%3A00-am-et
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(RTTNews) - Deere And Co (DE) will host a conference call at 10:00 AM ET on May 19, 2023, to discuss Q2 23 earnings results. Deere And Co is scheduled to report results on Friday, May 19, before market open.
To access the live webcast, log on to http://www.JohnDeere.com/earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) will host a conference call at 10:00 AM ET on May 19, 2023, to discuss Q2 23 earnings results. Deere And Co is scheduled to report results on Friday, May 19, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) will host a conference call at 10:00 AM ET on May 19, 2023, to discuss Q2 23 earnings results. Deere And Co is scheduled to report results on Friday, May 19, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) will host a conference call at 10:00 AM ET on May 19, 2023, to discuss Q2 23 earnings results. Deere And Co is scheduled to report results on Friday, May 19, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) will host a conference call at 10:00 AM ET on May 19, 2023, to discuss Q2 23 earnings results. Deere And Co is scheduled to report results on Friday, May 19, before market open. To access the live webcast, log on to http://www.JohnDeere.com/earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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942135b8-3cca-4aaf-8f5f-bc235d014620
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720549.0
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2023-05-19 00:00:00 UTC
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Deere (DE) Reports Q2 Earnings: What Key Metrics Have to Say
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DE
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https://www.nasdaq.com/articles/deere-de-reports-q2-earnings%3A-what-key-metrics-have-to-say
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For the quarter ended April 2023, Deere (DE) reported revenue of $16.08 billion, up 33.6% over the same period last year. EPS came in at $9.65, compared to $6.81 in the year-ago quarter.
The reported revenue represents a surprise of +8.32% over the Zacks Consensus Estimate of $14.84 billion. With the consensus EPS estimate being $8.57, the EPS surprise was +12.60%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $11.97 billion versus $11.06 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +37.8% change.
Net Sales and Revenues- Construction & forestry net sales: $4.11 billion versus the six-analyst average estimate of $3.73 billion. The reported number represents a year-over-year change of +22.9%.
Net Sales and Revenues- Production & precision ag net sales: $7.82 billion versus the six-analyst average estimate of $7.33 billion. The reported number represents a year-over-year change of +52.9%.
Net Sales and Revenues- Equipment Operations- Net sales: $16.08 billion compared to the $14.79 billion average estimate based on six analysts. The reported number represents a change of +33.6% year over year.
Net Sales and Revenues- Small ag & turf net sales: $4.15 billion versus the six-analyst average estimate of $3.73 billion. The reported number represents a year-over-year change of +16.1%.
Net Sales and Revenues- Financial services revenues: $1.11 billion versus the four-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +28.1%.
Net Sales and Revenues- Other revenues: $201 million versus $265.99 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -57.4% change.
Net Sales and Revenues- Net sales: $16.08 billion compared to the $14.70 billion average estimate based on three analysts.
Operating profit- Agriculture and turf (Production & precision ag + Small ag & turf): $3.02 billion versus $2.42 billion estimated by six analysts on average.
Operating profit- Construction & forestry: $838 million versus $682.52 million estimated by six analysts on average.
Operating profit- Small ag & turf: $849 million versus $566.88 million estimated by five analysts on average.
Operating Profit- Financial services: $41 million versus $272.58 million estimated by five analysts on average.
View all Key Company Metrics for Deere here>>>
Shares of Deere have returned -5.1% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "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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For the quarter ended April 2023, Deere (DE) reported revenue of $16.08 billion, up 33.6% over the same period last year. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. 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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Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $11.97 billion versus $11.06 billion estimated by six analysts on average. For the quarter ended April 2023, Deere (DE) reported revenue of $16.08 billion, up 33.6% over the same period last year. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
|
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $11.97 billion versus $11.06 billion estimated by six analysts on average. For the quarter ended April 2023, Deere (DE) reported revenue of $16.08 billion, up 33.6% over the same period last year. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
|
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $11.97 billion versus $11.06 billion estimated by six analysts on average. View all Key Company Metrics for Deere here>>> For the quarter ended April 2023, Deere (DE) reported revenue of $16.08 billion, up 33.6% over the same period last year.
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67cad507-970b-445c-bac2-33257cd359f8
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720550.0
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2023-05-19 00:00:00 UTC
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These 2 Stocks Could Be Friday's Big Winners
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DE
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https://www.nasdaq.com/articles/these-2-stocks-could-be-fridays-big-winners
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nan
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nan
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It has been a good week so far for the stock market, with some major market benchmarks pushing upward to their best levels since last summer. Friday morning appeared as though it might bring further gains, albeit modest ones, as stock index futures generally posted small advances.
Among individual stocks, a couple of companies stood out. Deere (NYSE: DE) reported financial results that inspired shareholders to boost the price of the stock somewhat, but Farfetch (NYSE: FTCH) was a much bigger winner as its share price rebounded sharply from recent declines. Read on and learn more about what's happening with these two companies and the stock market more broadly.
Deere welcomes the growing season
Shares of Deere were up more than 3% in premarket trading on Friday morning. The maker of heavy equipment for agricultural and other industrial uses reported fiscal second-quarter financial results for the period ended April 30, and investors were once again pleased with another quarter of outperformance.
The numbers from Deere were outstanding. Revenue jumped 30% year over year to $17.4 billion. Net income climbed even faster, rising 36% to $2.86 billion and working out to $9.65 per share.
Deere continued to get its best performance from its production and precision agriculture segment, where revenue soared 53% and operating profit nearly doubled from year-ago levels. The company used its pricing power to get the bulk of its gains, but Deere also sold more equipment and had a more favorable sales mix of higher-end products. Gains for the construction and forestry segment and for small turf and agricultural were less exciting but still contributed to Deere's overall success.
On top of those numbers being better than most had expected, investors were also pleased with guidance that Deere should remain successful throughout fiscal 2023. The production and precision agriculture segment should see full-year sales rise 20%, with strong gains in operating margin contributing even more to the bottom line. Deere's shares have been priced as though the agricultural stock's earnings would be unsustainable, but so far, the heavy equipment manufacturer shows no signs of an impending slowdown.
A not-so-Farfetched gain
Gains for Farfetch were much more significant, as the stock jumped 19% in premarket trading Friday morning. The luxury fashion platform specialist reported first-quarter financial results that showed at least some progress toward a turnaround.
Farfetch's financial results weren't entirely positive, but indicated some improvement from past periods. Gross merchandise value over the platform was flat at $932 million, but Farfetch's revenue climbed 8% to $556 million. After making allowances for extraordinary accounting items, adjusted losses of $0.16 per share compared favorably to last year's $0.24 per share on the bottom line.
Investors were notably pleased about some of the strategies Farfetch is pursuing. Personalized communication helped push active customer counts to roughly 4 million and helped boost conversion. Also, the marketplace rolled out its proprietary artificial intelligence algorithm to allow customers to visualize more realistically how various garments would look on models. New client wins also bolstered sentiment.
Some economists have been surprised at how well consumers have held up even as signs of macroeconomic deterioration pile up. For now, though, the positive surprise has benefited companies like Farfetch, and it'll be interesting to see if experts end up being completely wrong about the future trajectory of the global economy and its impact on the stock market.
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Farfetch. 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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Friday morning appeared as though it might bring further gains, albeit modest ones, as stock index futures generally posted small advances. The maker of heavy equipment for agricultural and other industrial uses reported fiscal second-quarter financial results for the period ended April 30, and investors were once again pleased with another quarter of outperformance. Deere (NYSE: DE) reported financial results that inspired shareholders to boost the price of the stock somewhat, but Farfetch (NYSE: FTCH) was a much bigger winner as its share price rebounded sharply from recent declines.
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Deere (NYSE: DE) reported financial results that inspired shareholders to boost the price of the stock somewhat, but Farfetch (NYSE: FTCH) was a much bigger winner as its share price rebounded sharply from recent declines. Friday morning appeared as though it might bring further gains, albeit modest ones, as stock index futures generally posted small advances. Deere welcomes the growing season Shares of Deere were up more than 3% in premarket trading on Friday morning.
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Deere (NYSE: DE) reported financial results that inspired shareholders to boost the price of the stock somewhat, but Farfetch (NYSE: FTCH) was a much bigger winner as its share price rebounded sharply from recent declines. Deere's shares have been priced as though the agricultural stock's earnings would be unsustainable, but so far, the heavy equipment manufacturer shows no signs of an impending slowdown. Friday morning appeared as though it might bring further gains, albeit modest ones, as stock index futures generally posted small advances.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Friday morning appeared as though it might bring further gains, albeit modest ones, as stock index futures generally posted small advances. Deere (NYSE: DE) reported financial results that inspired shareholders to boost the price of the stock somewhat, but Farfetch (NYSE: FTCH) was a much bigger winner as its share price rebounded sharply from recent declines.
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23998559-37df-4a6c-b559-782ec2d86c18
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720551.0
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2023-05-18 00:00:00 UTC
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Are Markets All-In on a "Soft Landing"?
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DE
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https://www.nasdaq.com/articles/are-markets-all-in-on-a-soft-landing
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Markets swung back late in the day from early afternoon doldrums to close near session highs across the board. Prolonged economic data demonstrating resilience in some areas and measured declines in others are giving oxygen to the “soft landing” narrative. The Dow was up +115 points on the day, +0.34%, the S&P 500 was +0.94%, the Nasdaq — now up more than +22% year to date — gained another +188 points, +1.51%, and the small-cap Russell 2000 reached +0.58%.
Earlier today, we saw Existing Homes Sales figures for April, which were slightly above expectations to 4.28 million seasonally adjusted annualized units, but, as expected, beneath the 4.43 million reported for the previous month. You can put this in the “measured declines” column. And Leading Economic Indicators, also for April, halved the previous month’s headline but still came in negative, at an as-expected -0.6%.
Applied Materials AMAT posted beats on both top and bottom lines for its fiscal Q2 results reported after the close, with earnings of $2.00 per share outperforming the $1.84 expected (and $1.85 per share from a year ago) on sales of $6.63 billion, which easily surpassed the $6.40 billion in the Zacks consensus. Resilience in mature nodes and foundry businesses gained in the quarter, as did its Memory category, which other chipmakers found challenging in the quarter.
Ross Stores ROST also beat expectations on its bottom line in its Q1 report out this afternoon, by 3 cents per share to $1.09, and nicely above the 97 cents per share posted in the year-ago quarter. Revenues in the quarter were flat with expectations to $4.49 billion, +3.73% year over year. Comps were +1%, but guidance for the current quarter is flat. The company cited prolonged inflation pressures, among other things.
We’re through with big economic data reports for the week, with Deere & Co. DE and Foot Locker FL putting up quarterly numbers before tomorrow’s open. Next week is light on data — PMI Manufacturing and Services, plus a big PCE support a week from tomorrow — but still heavy on Q1 earnings, albeit mostly of the smaller-cap type. Let’s see if these recent market gains are sustainable with a relative dearth of new market information.
Questions or comments about this article and/or its author? Click here>>
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Deere & Company (DE) : Free Stock Analysis Report
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
Foot Locker, Inc. (FL) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Prolonged economic data demonstrating resilience in some areas and measured declines in others are giving oxygen to the “soft landing” narrative. We’re through with big economic data reports for the week, with Deere & Co. DE and Foot Locker FL putting up quarterly numbers before tomorrow’s open. 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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We’re through with big economic data reports for the week, with Deere & Co. DE and Foot Locker FL putting up quarterly numbers before tomorrow’s open. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Prolonged economic data demonstrating resilience in some areas and measured declines in others are giving oxygen to the “soft landing” narrative.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Prolonged economic data demonstrating resilience in some areas and measured declines in others are giving oxygen to the “soft landing” narrative. You can put this in the “measured declines” column.
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We’re through with big economic data reports for the week, with Deere & Co. DE and Foot Locker FL putting up quarterly numbers before tomorrow’s open. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Prolonged economic data demonstrating resilience in some areas and measured declines in others are giving oxygen to the “soft landing” narrative.
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10fdb44c-753b-4413-926d-3365852e0206
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720552.0
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2023-05-18 00:00:00 UTC
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Pre-Market Earnings Report for May 19, 2023 : DE, RBC, CTLT, FL, CINT, GTEC
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-may-19-2023-%3A-de-rbc-ctlt-fl-cint-gtec
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The following companies are expected to report earnings prior to market open on 05/19/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company (DE)is reporting for the quarter ending April 30, 2023. The farm machinery company's consensus earnings per share forecast from the 13 analysts that follow the stock is $8.57. This value represents a 25.84% increase compared to the same quarter last year. DE missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -7.23%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 12.02 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry.
RBC Bearings Incorporated (RBC)is reporting for the quarter ending March 31, 2023. The machinery company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.80. This value represents a 42.86% increase compared to the same quarter last year. In the past year RBC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RBC is 32.87 vs. an industry ratio of 21.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Catalent, Inc. (CTLT)is reporting for the quarter ending March 31, 2023. The drug company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.23. This value represents a 123.00% decrease compared to the same quarter last year. The last two quarters CTLT had negative earnings surprises; the latest report they missed by -3.12%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CTLT is 30.59 vs. an industry ratio of -0.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Foot Locker, Inc. (FL)is reporting for the quarter ending April 30, 2023. The retail (shoe) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.78. This value represents a 51.25% decrease compared to the same quarter last year. In the past year FL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 86.54%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for FL is 11.87 vs. an industry ratio of 15.70.
CI&T Inc (CINT)is reporting for the quarter ending March 31, 2023. The engineering company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.07. This value represents a 40.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CINT is 10.94 vs. an industry ratio of 27.90.
Greenland Technologies Holding Corporation (GTEC)is reporting for the quarter ending March 31, 2023. The electrical instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.09. This value represents a 156.25% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GTEC is 12.60 vs. an industry ratio of 4.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company (DE)is reporting for the quarter ending April 30, 2023. DE missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -7.23%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 12.02 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 12.02 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company (DE)is reporting for the quarter ending April 30, 2023. DE missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -7.23%.
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Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 12.02 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company (DE)is reporting for the quarter ending April 30, 2023. DE missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -7.23%.
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DE missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -7.23%. Deere & Company (DE)is reporting for the quarter ending April 30, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DE is 12.02 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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19106e8c-014f-4c00-81fb-67bf207ed38b
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720553.0
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2023-05-18 00:00:00 UTC
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Will Deere Stock Trade Higher Post Q2 Results?
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https://www.nasdaq.com/articles/will-deere-stock-trade-higher-post-q2-results
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Deere & Company (NYSE: DE) is scheduled to report its fiscal second-quarter results on Friday, May 19. We expect Deere stock to trade sideways, with its Q2 earnings expected to miss the street estimates. While the company should continue to benefit from higher demand for agriculture equipment and a robust pricing environment, the overall rise in costs may slightly impact its bottom line growth. Although we expect Deere to report a downbeat Q2, implying little movement in its stock, we find that DE stock is undervalued from a valuation perspective, as discussed below. Our interactive dashboard analysis of Deere’s Earnings Preview has additional details.
(1) Revenues are expected to align with the consensus estimate
Trefis estimates Deere’s Q2 fiscal 2023 total revenues to be around $14.8 billion, reflecting about 10% y-o-y growth, aligning with the consensus estimate.
The company saw a strong rebound in demand for agriculture equipment over the last few quarters. This trend likely continued over the latest quarter, as farmers are seeing higher incomes due to tightening supplies of corn and wheat.
Furthermore, higher-than-average agricultural equipment age and better pricing growth likely contributed to the company’s top-line growth.
Looking at the last quarter, Deere’s revenue (equipment) rose 34% y-o-y to $11.4 billion, driven by a solid 55% for Production & Precision Agriculture, 14% for Small Agriculture & Turf, and 26% for Construction & Forestry.
Our dashboard on Deere Revenues provides more details on the company’s segments.
(2) EPS likely fall below the consensus estimates
Deere’s Q2 fiscal 2023 earnings per share (EPS) is expected to be $8.45 per Trefis analysis, lower than the consensus estimate of $8.58.
Deere’s net income of $2.0 billion in Q1 reflected a 117% rise from its $0.9 billion profit in the prior-year quarter, led by The Production & Precision Agriculture segment, which saw its operating margin surge over 1400 bps y-o-y.
Looking at the full fiscal 2023, we expect EPS to be $30.05, compared to $23.33 in fiscal 2022.
(3) DE stock is fully valued
We estimate Deere’s Valuation to be $482 per share, about 30% above the current market price of around $360.
At its current levels, DE stock is trading around 12x its expected forward earnings, compared to the last three-year average of 16x, implying that DE stock is undervalued.
Furthermore, if the company reports upbeat Q2 results and provides fiscal 2023 guidance better than the street estimates, the P/E multiple will likely be revised upward, resulting in higher levels for DE stock.
While DE stock is fully valued, 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 Corning vs. Amerco.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns May 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DE Return -4% -15% 252%
S&P 500 Return -1% 7% 84%
Trefis Multi-Strategy Portfolio -2% 6% 234%
[1] Month-to-date and year-to-date as of 5/17/2023
[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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While the company should continue to benefit from higher demand for agriculture equipment and a robust pricing environment, the overall rise in costs may slightly impact its bottom line growth. (3) DE stock is fully valued We estimate Deere’s Valuation to be $482 per share, about 30% above the current market price of around $360. Deere & Company (NYSE: DE) is scheduled to report its fiscal second-quarter results on Friday, May 19.
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(1) Revenues are expected to align with the consensus estimate Trefis estimates Deere’s Q2 fiscal 2023 total revenues to be around $14.8 billion, reflecting about 10% y-o-y growth, aligning with the consensus estimate. (2) EPS likely fall below the consensus estimates Deere’s Q2 fiscal 2023 earnings per share (EPS) is expected to be $8.45 per Trefis analysis, lower than the consensus estimate of $8.58. (3) DE stock is fully valued We estimate Deere’s Valuation to be $482 per share, about 30% above the current market price of around $360.
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(1) Revenues are expected to align with the consensus estimate Trefis estimates Deere’s Q2 fiscal 2023 total revenues to be around $14.8 billion, reflecting about 10% y-o-y growth, aligning with the consensus estimate. (2) EPS likely fall below the consensus estimates Deere’s Q2 fiscal 2023 earnings per share (EPS) is expected to be $8.45 per Trefis analysis, lower than the consensus estimate of $8.58. Total [2] DE Return -4% -15% 252% S&P 500 Return -1% 7% 84% Trefis Multi-Strategy Portfolio -2% 6% 234% [1] Month-to-date and year-to-date as of 5/17/2023 [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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(1) Revenues are expected to align with the consensus estimate Trefis estimates Deere’s Q2 fiscal 2023 total revenues to be around $14.8 billion, reflecting about 10% y-o-y growth, aligning with the consensus estimate. (3) DE stock is fully valued We estimate Deere’s Valuation to be $482 per share, about 30% above the current market price of around $360. Total [2] DE Return -4% -15% 252% S&P 500 Return -1% 7% 84% Trefis Multi-Strategy Portfolio -2% 6% 234% [1] Month-to-date and year-to-date as of 5/17/2023 [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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6d144482-8a80-4122-b530-adc435fcb247
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720554.0
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2023-05-17 00:00:00 UTC
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Guru Fundamental Report for DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-16
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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76a73302-14aa-4a98-9b5d-acdbcd4a6de6
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720555.0
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2023-05-17 00:00:00 UTC
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4 Farm Equipment Stocks to Watch in the Thriving Industry
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https://www.nasdaq.com/articles/4-farm-equipment-stocks-to-watch-in-the-thriving-industry
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The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand necessary to meet the food requirements of a growing population in the days ahead. The industry’s focus on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Company DE, AGCO Corporation AGCO, Alamo Group ALG and Lindsay Corporation LNN 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
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 be 26.6% above the 20-year average (2002-2021) of $108.1 billion in inflation-adjusted dollars. This might impact the spending power of farmers. The need to replace aging equipment will sustain 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, both from population growth and an increasing proportion of the population aspiring for better living standards. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
Pricing Actions to Offset High Costs: Farmers have been witnessing higher production costs, particularly of fertilizers. This may impede their purchasing power if commodity prices decline. The industry is also facing raw material cost inflation, particularly steel, and increased transportation costs. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. Labor shortage may 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.
Technologically Advanced Products to Aid Growth: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Initiatives to advance precision agriculture technology will be a game-changer for the industry players, given its productivity-enhancing and sustainability benefits. Demand continues to grow for popular features, which include automatic guide machines in the field and equipment that plants seeds, and applies chemicals and fertilizers with exceptional accuracy. Over the long term, the rising population and elevated global demand for food and efficient water use will fuel demand for the industry’s equipment.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #23, which places it in the top 9% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. The Manufacturing - Farm Equipment industry’s 2023 earnings estimates have improved 8% since the beginning of this year.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation.
Industry Underperform Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have fallen 0.6% in the past 12 months against the S&P 500’s growth of 5.6%. The Industrial Products sector has gained 7.1% 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 23.59X compared with the S&P 500’s 19.75X. The Industrial Products sector’s forward 12-month EV/EBITDA is 20.00X. 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 26.92X and as low as 13.35X, with the median being 16.40X.
4 Manufacturing - Farm Equipment Stocks to Keep an Eye on
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 18% in the past year.
The Zacks Consensus Estimate for the company’s fiscal 2023 earnings is pegged at $14.51, suggesting year-over-year growth of 16.8%. The consensus mark has moved up 7% over the past 30 days. AGCO has a trailing four-quarter earnings surprise of 14.8%, on average. The company has an estimated long-term earnings growth rate of 10.6%. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently flaunts a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: AGCO
Alamo Group: 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 first 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 of its product lines. A robust backlog bodes well for improved revenue performances in the forthcoming quarters.
The Zacks Consensus Estimate for the Seguin, TX-based company’s ongoing-year earnings has been revised 12.7% upward in 30 days’ time to $11.03 per share. The consensus mark indicates year-over-year growth of 28%. ALG has a trailing four-quarter earnings surprise of 14.8%, on average. It currently sports a Zacks Rank #1.
Price & Consensus: ALG
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 26% share price gain over the past year.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 0.1% over the past 30 days and is pegged at $11.03. The estimate implies year-over-year growth of 31%. DE has a trailing four-quarter earnings surprise of 4.7%, on average. Deere has an estimated long-term earnings growth rate of 12.3% and currently carries a Zacks Rank #2 (Buy).
Price & Consensus: DE
Lindsay: The company’s irrigation equipment is expected to benefit from favorable farm fundamentals. Increased concerns around food security will drive growth in the international irrigation markets. Lindsay is benefiting from increased selling prices and higher unit sales volumes in the United States. This has contributed to the 19.7% increase in its share price over the past year. The company’s infrastructure business is positioned to grow on strong momentum in Road Zipper System in the future. The business is well-poised for growth in the long run, backed by strong demand for transportation safety products and higher infrastructure spending. A strong balance sheet, and a focus on introducing technologically advanced products and acquisitions will aid the company’s growth.
The Zacks Consensus Estimate for the company’s earnings for fiscal 2023 is pegged at $6.85 per share, suggesting a year-over-year improvement of 7.9%. The estimate moved up 0.4% over the last 30 days. It has a trailing four-quarter earnings surprise of 22.1%, on average. LNN currently carries a Zacks Rank #3 (Hold).
Price & Consensus: LNN
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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
Lindsay Corporation (LNN) : 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, which include 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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Players like Deere & Company DE, AGCO Corporation AGCO, Alamo Group ALG and Lindsay Corporation LNN are well-poised to gain from cost-control measures and their efforts to bring technologically advanced products to the market. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lindsay Corporation (LNN) : 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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The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand necessary to meet the food requirements of a growing population in the days ahead. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Players like Deere & Company DE, AGCO Corporation AGCO, Alamo Group ALG and Lindsay Corporation LNN are well-poised to gain from cost-control measures and their efforts to bring technologically advanced products to the market.
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4 Manufacturing - Farm Equipment Stocks to Keep an Eye on AGCO: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. Price & Consensus: ALG 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. The Zacks Manufacturing - Farm Equipment industry is set to benefit from increased agricultural equipment demand necessary to meet the food requirements of a growing population in the days ahead.
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720556.0
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2023-05-17 00:00:00 UTC
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Should You Buy Deere & Company (DE) Ahead of Earnings?
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https://www.nasdaq.com/articles/should-you-buy-deere-company-de-ahead-of-earnings-0
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company DE may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deere & Company is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $8.93 per share for DE, compared to a broader Zacks Consensus Estimate of $8.50 per share. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +5.10% heading into earnings season.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that DE has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company DE may be one such company.
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Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Why is this Important? Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +5.10% heading into earnings season. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company DE may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +5.10% heading into earnings season. Given that DE has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report.
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720557.0
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2023-05-15 00:00:00 UTC
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Nordson (NDSN) to Report Q2 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/nordson-ndsn-to-report-q2-earnings%3A-whats-in-the-cards
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Nordson Corporation NDSN is slated to release second-quarter fiscal 2023 (ended Apr 30, 2023) results on May 22, after market close.
The Zacks Consensus Estimate for the company’s fiscal second-quarter earnings has been revised upward by a penny in the past 60 days. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, the average beat being approximately 3%.
Let's see how things have shaped up for Nordson's fiscal second-quarter earnings.
Nordson Corporation Price and EPS Surprise
Nordson Corporation price-eps-surprise | Nordson Corporation Quote
Factors to Note
Nordson’s fiscal second-quarter performance is likely to have been hurt by high cost of sales. Supply-chain disruptions and labor challenges might have weighed on the company’s margin performance.
Given NDSN’s significant international operations, foreign currency headwinds might have affected its top line.
Softening of semiconductor orders is likely to have weighed on the Advanced Technology Solutions segment’s performance in the to-be-reported quarter. The Zacks Consensus Estimate for Advanced Technology Solutions segment revenues indicates a 52.7% drop from the year-ago reported number.
The Medical and Fluid Solutions segment also might have put up a weak show due to weakness in the medical fluid components product lines.
However, strengthening demand in automotive, industrial and consumer nondurable product lines is expected to have aided performance of the Industrial precision solution segment. Strength in packaging and product assembly end markets in the Americas and Europe is likely to translate into higher revenues for the unit. The consensus mark for the Industrial Precision Solution segment hints at a 1.3% increase from the year-ago reported number.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Nordson this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But this is not the case here, as you will see below.
Earnings ESP: Nordson has an Earnings ESP of -0.67% as the Most Accurate Estimate is pegged at $2.09, lower than the Zacks Consensus Estimate of $2.10. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Nordson currently carries a Zacks Rank #2.
Highlights of Q1 Earnings
Nordson reported first-quarter fiscal 2023 adjusted earnings of $1.95 per share, which missed the Zacks Consensus Estimate of $1.98. The bottom line decreased 5.8% year over year. Total revenues of $610.5 million inched up 0.2% from the year-ago quarter. It missed the Zacks Consensus Estimate of $623 million. Organic sales expanded 1%, driven by combined growth in Europe and the Americas. Acquisitions/divestitures had a positive impact of 3%, while foreign currency translation had a negative impact of 4%.
Stocks to Consider
Here are some companies that you may want to consider, as according to our model, these have the right combination of elements to beat on earnings this reporting cycle.
Deere & Company DE has an Earnings ESP of +6.75% and a Zacks Rank #3. DE is slated to release second-quarter fiscal 2023 financial numbers on May 19. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Deere’s fiscal second-quarter earnings has been revised upward by 2 cents in the past 60 days. The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average.
Greif GEF has an Earnings ESP of +10.00% and a Zacks Rank #3. GEF is scheduled to release second-quarter fiscal 2023 earnings numbers on Jun 7.
The Zacks Consensus Estimate for Greif’s fiscal second-quarter earnings has been revised downward by 7% in the past 60 days. However, the company delivered a trailing four-quarter earnings surprise of 7.6%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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
Nordson Corporation (NDSN) : 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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Nordson Corporation NDSN is slated to release second-quarter fiscal 2023 (ended Apr 30, 2023) results on May 22, after market close. Softening of semiconductor orders is likely to have weighed on the Advanced Technology Solutions segment’s performance in the to-be-reported quarter. However, strengthening demand in automotive, industrial and consumer nondurable product lines is expected to have aided performance of the Industrial precision solution segment.
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Nordson Corporation NDSN is slated to release second-quarter fiscal 2023 (ended Apr 30, 2023) results on May 22, after market close. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report To read this article on Zacks.com click here. Softening of semiconductor orders is likely to have weighed on the Advanced Technology Solutions segment’s performance in the to-be-reported quarter.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report To read this article on Zacks.com click here. Nordson Corporation NDSN is slated to release second-quarter fiscal 2023 (ended Apr 30, 2023) results on May 22, after market close. Softening of semiconductor orders is likely to have weighed on the Advanced Technology Solutions segment’s performance in the to-be-reported quarter.
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Softening of semiconductor orders is likely to have weighed on the Advanced Technology Solutions segment’s performance in the to-be-reported quarter. Stocks to Consider Here are some companies that you may want to consider, as according to our model, these have the right combination of elements to beat on earnings this reporting cycle. Deere & Company DE has an Earnings ESP of +6.75% and a Zacks Rank #3.
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2023-05-15 00:00:00 UTC
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Deere (DE) Stock Sinks As Market Gains: What You Should Know
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https://www.nasdaq.com/articles/deere-de-stock-sinks-as-market-gains%3A-what-you-should-know-8
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Deere (DE) closed at $370.21 in the latest trading session, marking a -1.01% move from the prior day. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 5.74%.
Coming into today, shares of the agricultural equipment manufacturer had lost 3.56% in the past month. In that same time, the Industrial Products sector gained 0.18%, while the S&P 500 gained 0.85%.
Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be May 19, 2023. On that day, Deere is projected to report earnings of $8.51 per share, which would represent year-over-year growth of 24.96%. Our most recent consensus estimate is calling for quarterly revenue of $14.78 billion, up 22.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $30.47 per share and revenue of $54.96 billion. These totals would mark changes of +30.88% and +14.71%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Deere. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. Deere is currently a Zacks Rank #3 (Hold).
Investors should also note Deere's current valuation metrics, including its Forward P/E ratio of 12.27. This valuation marks a discount compared to its industry's average Forward P/E of 12.5.
Also, we should mention that DE has a PEG ratio of 1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DE's industry had an average PEG ratio of 0.96 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 46, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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 $370.21 in the latest trading session, marking a -1.01% move from the prior day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 5.74%.
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This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. 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 $370.21 in the latest trading session, marking a -1.01% move from the prior day.
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The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Deere (DE) closed at $370.21 in the latest trading session, marking a -1.01% move from the prior day. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 5.74%.
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Deere (DE) closed at $370.21 in the latest trading session, marking a -1.01% move from the prior day. It is also important to note the recent changes to analyst estimates for Deere. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 5.74%.
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2023-05-15 00:00:00 UTC
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Sociedad Quimica (SQM) to Post Q1 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/sociedad-quimica-sqm-to-post-q1-earnings%3A-whats-in-the-offing
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Sociedad Quimica y Minera de Chile S.A. SQM is slated to release first-quarter 2023 results on May 17.
The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of around 34.8%, on average. It posted an earnings surprise of 6.1% in the last reported quarter. The company’s first-quarter results are likely to have benefited from higher demand and prices.
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for first-quarter sales for Sociedad Quimica is currently pegged at $2,673 million, which suggests a rise of around 32.3% year over year.
Some Factors to Watch For
The company is likely to have gained from higher realized prices and strong demand in the March quarter. Higher sales volumes in lithium and iodine businesses are expected to have aided its top line and margins in the quarter.
Sociedad Quimica is benefiting from favorable trends in the lithium market underpinned by strong electric vehicle sales. The expansion of lithium operations is also expected to have supported the company’s lithium sales volumes in the first quarter. Healthy demand and limited supply are also likely to have boosted lithium prices in the quarter.
Iodine volumes are also expected to have been supported by growing demand following the post-pandemic recovery. The company is expected to have gained from higher demand in the iodine market in the first quarter. Favorable prices are also likely to have supported sales in the Specialty Plant Nutrients segment.
However, softer prices in the potassium chloride market are likely to have impacted sales in the Potassium Chloride and Potassium Sulfate business in the quarter to be reported.
Sociedad Quimica y Minera S.A. Price and EPS Surprise
Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Sociedad Quimica is -7.24%. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at $3.34. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Sociedad Quimica currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Silvercorp Metals Inc. SVM, slated to release earnings on May 25, has an Earnings ESP of +110.00%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Silvercorp Metals’ earnings for the fiscal fourth quarter is currently pegged at 3 cents. SVM currently carries a Zacks Rank #3.
Deere & Company DE, scheduled to release earnings on May 19, has an Earnings ESP of +6.75% and currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for Deere’s fiscal second quarter earnings has been revised 0.2% upward in the past 60 days. The consensus estimate for DE’s earnings for the quarter is currently pegged at $8.51.
Greif, Inc. GEF, slated to release earnings on Jun 7, has an Earnings ESP of +10.00%.
The Zacks Consensus Estimate for Greif’s earnings for the fiscal second quarter is pegged at $1.30. GEF currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
Greif, Inc. (GEF) : Free Stock Analysis Report
Silvercorp Metals Inc. (SVM) : 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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Some Factors to Watch For The company is likely to have gained from higher realized prices and strong demand in the March quarter. Higher sales volumes in lithium and iodine businesses are expected to have aided its top line and margins in the quarter. Sociedad Quimica is benefiting from favorable trends in the lithium market underpinned by strong electric vehicle sales.
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Sociedad Quimica y Minera de Chile S.A. SQM is slated to release first-quarter 2023 results on May 17. Sociedad Quimica y Minera S.A. Price and EPS Surprise Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Sociedad Quimica y Minera S.A. Price and EPS Surprise Sociedad Quimica y Minera S.A. price-eps-surprise | Sociedad Quimica y Minera S.A. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for Sociedad Quimica this season. Deere & Company DE, scheduled to release earnings on May 19, has an Earnings ESP of +6.75% and currently carries a Zacks Rank #3. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Higher sales volumes in lithium and iodine businesses are expected to have aided its top line and margins in the quarter. Deere & Company DE, scheduled to release earnings on May 19, has an Earnings ESP of +6.75% and currently carries a Zacks Rank #3. Sociedad Quimica y Minera de Chile S.A. SQM is slated to release first-quarter 2023 results on May 17.
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08d46052-3baa-46d6-b5b5-b157aefc9625
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720560.0
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2023-05-15 00:00:00 UTC
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4 Quarterly Reports Worth Watching This Week
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DE
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https://www.nasdaq.com/articles/4-quarterly-reports-worth-watching-this-week
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nan
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nan
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As earnings season begins to slowly fade, a key takeaway has been that quarterly results have primarily turned out to be better than feared, the opposite of what many had been screaming from the rooftops warning us of.
And this week, we have many notable companies slated to report, including Walmart WMT, Cisco Systems CSCO, Home Depot HD, and Deere & Company DE.
Overall, it’s a big week for retail stocks, but there’s still representation from many sectors. How do the four above shape up heading into their respective quarterly prints? Let’s take a closer look at estimates.
Home Depot
Home Depot’s quarterly expectations have been lowered since February, with the $3.81 per share estimate being revised downward by 7.5% from $4.12 per share. The quarterly estimate reflects a modest pullback in earnings from the year-ago quarter, with rising costs likely negatively impacting the quarter’s results.
Image Source: Zacks Investment Research
In addition, the Zacks Consensus Sales Estimate presently sits at $38.5 billion, with the estimate down 2% since February and reflecting a decline of 1% compared to the year-ago period.
The market has primarily had mixed reactions to HD’s quarterly results over the recent term, as illustrated by the arrows circled in the chart below.
Image Source: Zacks Investment Research
Cisco Systems
Cisco’s earnings outlook has improved nicely since February, with the $0.97 per share estimate up nearly 8% and reflecting year-over-year growth of 11.5%. Top line growth is also there, with our consensus estimate of $14.4 billion indicating a 12% climb year-over-year.
Image Source: Zacks Investment Research
It’s worth noting that CSCO shares have recently broken through the 50-day moving average, indicating a short-term bearish trend with upward momentum fading. A solid quarterly print can push life into the stock; CSCO shares have seen buyers step up following both of its recent earnings releases.
Image Source: Zacks Investment Research
Walmart
Walmart’s quarterly print will undoubtedly be watched like a hawk, as the results will provide a solid gauge of consumer sentiment. The company’s business offers a solid blend of products at reasonable prices, which allows it to capture revenue from lower and higher-end consumers who decide to ‘trade down’ and save their cash.
Walmart has consistently delivered better-than-expected results in a challenging operating environment, exceeding earnings and revenue expectations in each of its last three prints. For the quarter to be reported, we expect the company to post EPS of $1.31 and $148 billion in quarterly revenue.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Walmart shares are a bit expensive on a relative basis, with the current 25.1X forward earnings multiple sitting above the 23.2X five-year median and the Zacks Retail and Wholesale sector average.
Image Source: Zacks Investment Research
Deere & Company
Similar to CSCO, Deere’s earnings outlook for the quarter to be reported has ticked 5% higher to $8.51 per share, implying an improvement of 25% year-over-year. The company has posted back-to-back quarters of exceeding both earnings and revenue expectations.
Image Source: Zacks Investment Research
DE shares have recently witnessed the ‘death cross,’ which occurs when the 50-day moving average heads below the 200-day moving average. It could potentially reflect a bearish shift for shares, something investors should be aware of.
This ‘death cross’ is illustrated below, with another recent example also blended in.
Image Source: Zacks Investment Research
Bottom Line
While earnings season is winding down, we still have many quarterly prints to sort through, including those from Cisco Systems CSCO, Deere & Company DE, Walmart WMT, and Home Depot HD.
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Walmart Inc. (WMT) : Free Stock Analysis Report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company’s business offers a solid blend of products at reasonable prices, which allows it to capture revenue from lower and higher-end consumers who decide to ‘trade down’ and save their cash. Image Source: Zacks Investment Research Bottom Line While earnings season is winding down, we still have many quarterly prints to sort through, including those from Cisco Systems CSCO, Deere & Company DE, Walmart WMT, and Home Depot HD. As earnings season begins to slowly fade, a key takeaway has been that quarterly results have primarily turned out to be better than feared, the opposite of what many had been screaming from the rooftops warning us of.
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And this week, we have many notable companies slated to report, including Walmart WMT, Cisco Systems CSCO, Home Depot HD, and Deere & Company DE. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report To read this article on Zacks.com click here. As earnings season begins to slowly fade, a key takeaway has been that quarterly results have primarily turned out to be better than feared, the opposite of what many had been screaming from the rooftops warning us of.
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Image Source: Zacks Investment Research Deere & Company Similar to CSCO, Deere’s earnings outlook for the quarter to be reported has ticked 5% higher to $8.51 per share, implying an improvement of 25% year-over-year. Image Source: Zacks Investment Research Bottom Line While earnings season is winding down, we still have many quarterly prints to sort through, including those from Cisco Systems CSCO, Deere & Company DE, Walmart WMT, and Home Depot HD. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Bottom Line While earnings season is winding down, we still have many quarterly prints to sort through, including those from Cisco Systems CSCO, Deere & Company DE, Walmart WMT, and Home Depot HD. As earnings season begins to slowly fade, a key takeaway has been that quarterly results have primarily turned out to be better than feared, the opposite of what many had been screaming from the rooftops warning us of. And this week, we have many notable companies slated to report, including Walmart WMT, Cisco Systems CSCO, Home Depot HD, and Deere & Company DE.
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f6f00313-ef83-4dde-925b-64a8a34f16be
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720561.0
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2023-05-15 00:00:00 UTC
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3 Short-Squeeze Stocks Set for a Spectacular Rally
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DE
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https://www.nasdaq.com/articles/3-short-squeeze-stocks-set-for-a-spectacular-rally
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
For this column, I will be using stocks on fintel.io’s Gamma Squeeze Leaderboard list. According to the website, “A Gamma Squeeze is a specific event that happens when the price of a stock climbs suddenly due to actions in the options market. ” Specifically, when the value of call options increases due to large-scale purchases of “short-dated call options,” the seller of the call options has to short the name and simultaneously buy the stock. It does that in order “to hedge against ” its short position. When the stock’s share price climbs very quickly, a “gamma squeeze” is created, turning the name into a short squeeze stock winner.
In my view, there are several companies with very good fundamentals on fintel.io’s Gamma Squeeze Leaderboard list. As a result, if these three short-squeeze stock picks do not undergo a huge Gamma Squeeze, I believe that they can still reward investors over the long term.
Fintel.io uses a Gamma Exposure Score to help compute its Gamma Squeeze Leaderboard List. Gamma Exposure measures how quickly changes in a stock’s price will alter the value of its options. When Gamma Exposure is negative, it means that investors are buying more puts and/or selling more calls in a name than taking the opposite positions.
Etsy (ETSY)
Source: Shutterstock
Etsy (NASDAQ:ETSY) is an e-commerce website that specializes in enabling artists to sell their products.
The stock has a Gamma Exposure Score of -$6.26 million, and its Put/Call ratio has tumbled nearly 47% in the last week. Fintel.io gives Etsy a total Gamma Squeeze Score of 92.86, ranking it as the ninth-best Gamma Squeeze candidate overall.
Meanwhile, in the first quarter, Etsy’s top line climbed 10.6% year-over-year to $640.87 million. Further, the company is profitable, as it generated a net income of $74.5 million, although its net income did drop 11.6% year-over-year.
Etsy’s financial results will likely improve significantly as consumers’ need for experiences is satiated, causing them to spend less on experiences and more on goods. I believe that this change could begin to happen in the second half of this year.
Etsy’s forward price-earnings ratio of 28.3 times is not particularly high.
Given the company’s high Gamma Squeeze Score and good fundamentals, I think that it’s one of the best short-squeeze stocks for a spectacular rally.
PayPal (PYPL)
Source: Michael Vi / Shutterstock.com
PayPal (NASDAQ:PYPL) has a Gamma Exposure Score of -$42.7 million, and its Put/Call ratio tumbled 39% versus last week. Fintel.io gives Etsy a total Gamma Squeeze Score of 92.84, ranking it as the eleventh-best Gamma Squeeze candidate overall and one of the best short-squeeze stocks for a spectacular rally.
PayPal is a leader and arguably the leader in the lucrative fintech sector. The company delivered “beat-and-raise” first-quarter results. Specifically, it reported Q1 earnings per share, excluding some items, of $1.17, compared with analysts’ average estimate of $1.10. Moreover, it raised its 2023 adjusted EPS guidance to $4.95 from roughly $4.87.
However, the stock fell in the wake of the results because the company provided Q2 adjusted EPS guidance of $1.15-$1.17. The midpoint of the guidance was slightly below analysts’ average outlook of $1.17.
Like Etsy, PayPal will benefit from a normalization of consumers’ spending on goods versus experiences.
PYPL stock is trading at a rather low forward price-earnings ratio of 12.9 times.
Deere (DE)
Source: mark stephens photography / Shutterstock.com
Deere (NYSE:DE), which specializes in manufacturing and selling farm equipment, has a Gamma Exposure Score of -$18.67 million, and its put/call ratio fell 27.34% versus last week.
The company is benefiting from high food prices, which has raised farmers’ income, enabling them to buy much more new machinery from Deere.
In the first quarter, Deere’s revenue jumped 32% year-over-year to $12.65 billion, while its net income climbed to $1.96 billion last quarter from $903 million in Q1 of 2022.
In a note to investors on April 14, investment bank DA Davidson kept a $520 price target and a “buy” rating on DE stock. The bank expects Deere to benefit from its change to a “services-based subscription model for both autonomy and precision agriculture,” The Fly reported.
DE stock has a low forward price-earnings ratio of 13 times. Thus, that makes it among the best short-squeeze stocks for a spectacular rally in my book.
On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
The post 3 Short-Squeeze Stocks Set for a Spectacular Rally 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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According to the website, “A Gamma Squeeze is a specific event that happens when the price of a stock climbs suddenly due to actions in the options market. In a note to investors on April 14, investment bank DA Davidson kept a $520 price target and a “buy” rating on DE stock. The bank expects Deere to benefit from its change to a “services-based subscription model for both autonomy and precision agriculture,” The Fly reported.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For this column, I will be using stocks on fintel.io’s Gamma Squeeze Leaderboard list. According to the website, “A Gamma Squeeze is a specific event that happens when the price of a stock climbs suddenly due to actions in the options market. It does that in order “to hedge against ” its short position.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For this column, I will be using stocks on fintel.io’s Gamma Squeeze Leaderboard list. According to the website, “A Gamma Squeeze is a specific event that happens when the price of a stock climbs suddenly due to actions in the options market. It does that in order “to hedge against ” its short position.
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The company is benefiting from high food prices, which has raised farmers’ income, enabling them to buy much more new machinery from Deere. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For this column, I will be using stocks on fintel.io’s Gamma Squeeze Leaderboard list. According to the website, “A Gamma Squeeze is a specific event that happens when the price of a stock climbs suddenly due to actions in the options market.
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274e0770-a9b0-4703-b4ca-ffdecb8d7086
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720562.0
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2023-05-13 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-15
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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c5644bff-9527-4874-867e-9f9c8dc6000e
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720563.0
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2023-05-13 00:00:00 UTC
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Investing in AI: 5 Stocks to Consider for Your Portfolio
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DE
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https://www.nasdaq.com/articles/investing-in-ai%3A-5-stocks-to-consider-for-your-portfolio
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nan
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nan
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We're on the trail of the future, and it's paved with artificial intelligence (AI). Today, we'll examine some towering behemoths of the AI world, but we will also visit a few lesser-known nooks and crannies where surprising opportunities lie in wait. Much like a well-trained neural network, you know the value of diversification in the thorny swamps that lead to long-term riches in the stock market.
So dust off your financial compass -- I hope it's digital -- and let's set off on a diverse journey into the realm of AI stocks.
1. Microsoft: The proverbial windows to AI's future
First up, we have Microsoft (NASDAQ: MSFT), the tech titan you probably associate more with operating systems and office software than with digital AI brains. But this old dog is learning lots of new tricks, often involving AI tools.
In 2022, Microsoft acquired Nuance Communications, a leading provider of AI-powered speech and language solutions. This $20 billion buyout not only boosts Redmond's AI prowess, but also grants Microsoft a foothold in the healthcare market where AI has a long history of improving patient care and outcomes with voice controls.
The AI commitment hasn't stopped there. As ChatGPT developer OpenAI emerged as a game-changing innovator in recent months, Microsoft promised to spend a cool $10 billion on that company over time. This move, fueled by the belief in AI's potential to transform how we live and work, will accelerate OpenAI's research and development efforts. The partnership also let Microsoft integrate ChatGPT and other OpenAI technologies into the Bing search engine and other Microsoft products.
With AI at the heart of its long-term growth strategy, Microsoft looks like an exciting growth investment after all these years.
2. Netflix: Streaming ahead with AI
Next up is Netflix (NASDAQ: NFLX). This streaming giant is quietly leveraging AI to keep us all hooked to its digital content. I mean, Netflix was an AI expert long before it was cool.
The company's AI-powered recommendation engine is a behemoth in the industry, creating personalized recommendations with inputs like the user's watch history, ratings, reviews, and the way you browse through the Netflix catalog. It's like having a friendly robot who knows your taste in movies better than you do.
Netflix's AI magic also extends to its search results. It understands the context of user searches, so the results are more in line with what you're actually looking for at that particular moment. Imagine being able to find "that movie with the guy from that other show" with just a few clicks. That's what Netflix is aiming for, and AI analytics can help.
AI also enhances the Netflix viewing experience. Ever noticed how your video quality adjusts based on your network's mood swings and shifting connection speeds? That's Netflix's AI technology at work. The automated traffic-analytics systems can adapt your video quality as needed without interrupting your binge session, and even learns what video quality tends to work best over time and in different situations.
It should be noted that AI comes with some brand new challenges, too; it's not all glitz and glamour. Earlier this year, Netflix faced backlash in Japan for using AI to generate the background art of an anime short. Critics argue that Netflix shouldn't blame a labor shortage for this controversial move. Instead, the company should give animators a healthier compensation package and set a positive example for the rest of the penny-pinching film industry. While Netflix may have stumbled here, the incident does underscore how deeply the company is thinking about AI applications.
3. Alphabet: Not just Googling around
Next, let's look at Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google. The company's deep interest in AI should surprise absolutely nobody. I'm just waiting for the massive AI assets behind Google's scenes to start appearing in the form of consumer-friendly or business-boosting tools over the next few years.
With the launch of LaMDA, an AI model that generates text and translates languages, and PaLM, its more advanced sibling capable of even writing code, Alphabet is poised to lead the pack in language-model development. These models could redefine interactions with Google's search engine, making it more intuitive and personalized than ever.
And with the recent introduction of "Search Snapshots," an AI-powered feature providing quick overviews of topics, Alphabet is starting to translate this AI prowess into tools that everyday users should find indispensable later on. Just give them some time to mature and find effective marketing channels.
4. John Deere: A high-tech harvest
Turning from digital entertainment to the open fields, let's ponder a more surprising name in the AI game: John Deere (NYSE: DE). Yes, the iconic green and yellow tractors are going high-tech.
Way back in 2021, John Deere sowed $250 million into the fertile soil of AI innovation by acquiring Bear Flag Robotics, a start-up specializing in self-driving technology for tractors. This isn't just about automated plowing; it's a vision for a future where entire farms run on autopilot.
The digital seeds didn't stop there. In January 2023, John Deere launched a new dealer-business system based on Microsoft's Dynamics 365 platform. This highly automated planning tool comes with a wealth of AI smarts, ranging from speech-based service controls to rich analytics of sales channels and marketing programs.
John Deere is proving that AI isn't just for tech companies; it's for any business that's ready to embrace the tools of the future. So, who's ready for an AI-powered harvest?
5. Etsy: Crafting a personalized shopping experience
Last but certainly not least, I'll give you Etsy (NASDAQ: ETSY). Like John Deere, this is not your traditional tech giant, but the e-commerce veteran is making strides in AI that could revolutionize the online shopping experience.
Etsy's CEO, Josh Silverman, often describes his company's AI journey as being in the "early innings" of a long and lucrative story. It has been on the cutting edge of AI-powered search technology for years, but the future holds even more potential. As the AI systems mature, Silverman envisions an Etsy search experience that moves away from the typical keyword-driven, text-based approach.
"You don't walk into a store and yell, 'Blue, shirt, cotton,' the way you search on Etsy today," Silverman said in last week's first-quarter earnings call. Instead, the aim is to leverage natural language and sophisticated data analysis to make the shopping experience more akin to a conversation with a helpful salesperson.
The goal, as Silverman puts it, is to "bring the human aspect of retail boutiques to e-commerce." Imagine walking into a digital store and saying, "I'm going to a chic cocktail party in Brooklyn, what shirt should I wear?" And instead of thousands of options you'll never be able to review, Etsy shows you a thoughtfully curated selection that perfectly fits the vibe. If the company can pull this off, it could become a true trailblazer in the e-commerce sector.
So there you have it: a diverse portfolio of AI stocks that span the spectrum from established tech titans to agricultural heavyweights, miles and miles away from Silicon Valley. Due diligence and a well-diversified portfolio are your friends. These great (though sometimes unexpected) AI experts can help you build a robust tech portfolio for the long haul.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anders Bylund has positions in Alphabet and Netflix. The Motley Fool has positions in and recommends Alphabet, Etsy, Microsoft, and Netflix. 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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With the launch of LaMDA, an AI model that generates text and translates languages, and PaLM, its more advanced sibling capable of even writing code, Alphabet is poised to lead the pack in language-model development. Way back in 2021, John Deere sowed $250 million into the fertile soil of AI innovation by acquiring Bear Flag Robotics, a start-up specializing in self-driving technology for tractors. In 2022, Microsoft acquired Nuance Communications, a leading provider of AI-powered speech and language solutions.
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In 2022, Microsoft acquired Nuance Communications, a leading provider of AI-powered speech and language solutions. As ChatGPT developer OpenAI emerged as a game-changing innovator in recent months, Microsoft promised to spend a cool $10 billion on that company over time. This move, fueled by the belief in AI's potential to transform how we live and work, will accelerate OpenAI's research and development efforts.
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John Deere is proving that AI isn't just for tech companies; it's for any business that's ready to embrace the tools of the future. In 2022, Microsoft acquired Nuance Communications, a leading provider of AI-powered speech and language solutions. As ChatGPT developer OpenAI emerged as a game-changing innovator in recent months, Microsoft promised to spend a cool $10 billion on that company over time.
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In 2022, Microsoft acquired Nuance Communications, a leading provider of AI-powered speech and language solutions. As ChatGPT developer OpenAI emerged as a game-changing innovator in recent months, Microsoft promised to spend a cool $10 billion on that company over time. This move, fueled by the belief in AI's potential to transform how we live and work, will accelerate OpenAI's research and development efforts.
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f8f51942-76a1-4886-9294-69b75bf32777
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720564.0
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2023-05-12 00:00:00 UTC
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Deere (DE) Reports Next Week: Wall Street Expects Earnings Growth
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DE
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https://www.nasdaq.com/articles/deere-de-reports-next-week%3A-wall-street-expects-earnings-growth-1
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nan
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nan
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Wall Street expects a year-over-year increase in earnings on higher revenues when Deere (DE) reports results for the quarter ended April 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 19, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This agricultural equipment manufacturer is expected to post quarterly earnings of $8.51 per share in its upcoming report, which represents a year-over-year change of +25%.
Revenues are expected to be $14.78 billion, up 22.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.23% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Deere?
For Deere, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.75%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Deere will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Deere would post earnings of $5.53 per share when it actually produced earnings of $6.55, delivering a surprise of +18.44%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Deere appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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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While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Wall Street expects a year-over-year increase in earnings on higher revenues when Deere (DE) reports results for the quarter ended April 2023.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). Wall Street expects a year-over-year increase in earnings on higher revenues when Deere (DE) reports results for the quarter ended April 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
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Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Deere, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Wall Street expects a year-over-year increase in earnings on higher revenues when Deere (DE) reports results for the quarter ended April 2023.
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So, this combination indicates that Deere will most likely beat the consensus EPS estimate. For the last reported quarter, it was expected that Deere would post earnings of $5.53 per share when it actually produced earnings of $6.55, delivering a surprise of +18.44%. Wall Street expects a year-over-year increase in earnings on higher revenues when Deere (DE) reports results for the quarter ended April 2023.
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2023-05-11 00:00:00 UTC
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Noteworthy Thursday Option Activity: PNC, AXP, DE
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-pnc-axp-de
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PNC Financial Services Group (Symbol: PNC), where a total volume of 25,621 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.6% of PNC's average daily trading volume over the past month, of 5.4 million shares. Especially high volume was seen for the $160 strike put option expiring June 16, 2023, with 4,742 contracts trading so far today, representing approximately 474,200 underlying shares of PNC. Below is a chart showing PNC's trailing twelve month trading history, with the $160 strike highlighted in orange:
American Express Co. (Symbol: AXP) options are showing a volume of 15,731 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 47% of AXP's average daily trading volume over the past month, of 3.3 million shares. Especially high volume was seen for the $150 strike put option expiring June 16, 2023, with 938 contracts trading so far today, representing approximately 93,800 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $150 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 6,918 contracts, representing approximately 691,800 underlying shares or approximately 46.4% of DE's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $345 strike put option expiring May 19, 2023, with 617 contracts trading so far today, representing approximately 61,700 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $345 strike highlighted in orange:
For the various different available expirations for PNC options, AXP options, or DE options, visit StockOptionsChannel.com.
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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 $160 strike put option expiring June 16, 2023, with 4,742 contracts trading so far today, representing approximately 474,200 underlying shares of PNC. Especially high volume was seen for the $150 strike put option expiring June 16, 2023, with 938 contracts trading so far today, representing approximately 93,800 underlying shares of AXP. Especially high volume was seen for the $345 strike put option expiring May 19, 2023, with 617 contracts trading so far today, representing approximately 61,700 underlying shares of DE.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PNC Financial Services Group (Symbol: PNC), where a total volume of 25,621 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing AXP's trailing twelve month trading history, with the $150 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 6,918 contracts, representing approximately 691,800 underlying shares or approximately 46.4% of DE's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $160 strike put option expiring June 16, 2023, with 4,742 contracts trading so far today, representing approximately 474,200 underlying shares of PNC.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PNC Financial Services Group (Symbol: PNC), where a total volume of 25,621 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $160 strike put option expiring June 16, 2023, with 4,742 contracts trading so far today, representing approximately 474,200 underlying shares of PNC. Below is a chart showing AXP's trailing twelve month trading history, with the $150 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 6,918 contracts, representing approximately 691,800 underlying shares or approximately 46.4% of DE's average daily trading volume over the past month, of 1.5 million shares.
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Especially high volume was seen for the $150 strike put option expiring June 16, 2023, with 938 contracts trading so far today, representing approximately 93,800 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $150 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 6,918 contracts, representing approximately 691,800 underlying shares or approximately 46.4% of DE's average daily trading volume over the past month, of 1.5 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $345 strike highlighted in orange: For the various different available expirations for PNC options, AXP options, or DE options, visit StockOptionsChannel.com.
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2023-05-11 00:00:00 UTC
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Deere (DE) to Report Q2 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/deere-de-to-report-q2-earnings%3A-whats-in-the-offing-0
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Deere & Company DE is scheduled to report second-quarter fiscal 2023 results on May 19, before the opening bell.
Which Way Are the Estimates Trending?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $8.51 for the fiscal second quarter, suggesting growth of 25% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $14.78 billion, calling for a year-over-year increase of 22.8%. Earnings estimates for the fiscal first quarter have moved 0.2% north in the past 60 days.
Q1 Results
Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the first quarter of fiscal 2023. Both bottom and top lines increased year over year. On average, the company has a trailing four-quarter earnings surprise of 4.7%.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
What Does Our Model Indicate?
Our proven model conclusively predicts an earnings beat for Deere for second-quarter fiscal 2023. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Deere is +6.75%.
Zacks Rank: Deere currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors to Consider
Favorable farm fundamentals have prompted farmers to boost spending on new agricultural equipment and replace the old ones. The preference for Deere’s products for their advanced technologies and features will likely reflect on fiscal second-quarter revenues.
Factors such as supply-chain issues; high production costs; selling, administrative and general expenses; research and development expenses; and the unfavorable effects of foreign currency exchange are likely to have impacted the company’s margin in the quarter. Nevertheless, favorable price realization and higher shipment volumes/sales mix are expected to have negated some of these headwinds, as seen in the fiscal first quarter.
Segmental Estimates
The Zacks Consensus Estimate for the Production & Precision Agriculture segment’s revenues is pegged at $5,367 million for the fiscal first quarter, suggesting a year-over-year increase of 43.3%. Sales are likely to have been aided by higher shipment volumes and price realization. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $1,818 million, suggesting a 72% rise from $1,057 million reported in the prior-year quarter. Gains from higher shipment volumes and price realization are likely to have been somewhat offset by escalated production costs, and higher R&D and SA&G expenses.
The Zacks Consensus Estimate for the Small Agriculture & Turf segment’s revenues is pegged at $3,727 million for the fiscal first quarter, indicating 4.4% growth from the prior-year quarter. The segment’s operating profit is estimated at $567 million, suggesting 9% year-over-year growth. The segment’s performance is expected to have been driven by price realization and improved shipment volumes, partially offset by elevated production costs, higher R&D and SA&G expenses, and the unfavorable effects of foreign exchange.
The Construction & Forestry segment’s sales are estimated at $3,729 million for the fiscal first quarter, up 11.4% from the prior-year quarter’s reported number on strong demand. The segment’s operating profit is expected to fall 16.1% from the prior-year quarter’s reported figure to $683 million.
The Zacks Consensus Estimate for the Financial Services segment’s revenues is pegged at $1035 million for the fiscal first quarter, up 19.8% from the year-ago quarter. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $279 million compared with the prior-year quarter’s reported figure of $268 million.
Price Performance
Deere’s shares have gained 4.5% in the past year compared with the industry’s growth of 3.8%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Here are some other stocks, which you might consider, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases.
Bitfarms BITF is scheduled to release its first-quarter 2023 results on May 15. It has an Earnings ESP of +180.00% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for first-quarter earnings is pegged at a loss of 3 cents per share, suggesting a decline of 250% from the prior-year quarter’s reported figure.
Centerra Gold CGAU is set to report first-quarter fiscal 2023 results on May 15. CGAU has an Earnings ESP of +192.31% and carries a Zacks Rank #2 at present. The Zacks Consensus Estimate is pegged at a loss of 4 cents per share, suggesting a decrease of 121.05% from the prior-year period’s reported figure.
Cisco CSCO is set to report its third-quarter fiscal 2023 results on May 17. It has an Earnings ESP of +1.59% and carries a Zacks Rank #3 at present. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.49% from the prior-year period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Centerra Gold Inc. (CGAU) : Free Stock Analysis Report
Bitfarms Ltd. (BITF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $8.51 for the fiscal second quarter, suggesting growth of 25% from the year-ago reported figure. The Zacks Consensus Estimate for first-quarter earnings is pegged at a loss of 3 cents per share, suggesting a decline of 250% from the prior-year quarter’s reported figure. Deere & Company DE is scheduled to report second-quarter fiscal 2023 results on May 19, before the opening bell.
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Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Centerra Gold Inc. (CGAU) : Free Stock Analysis Report Bitfarms Ltd. (BITF) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE is scheduled to report second-quarter fiscal 2023 results on May 19, before the opening bell. The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $8.51 for the fiscal second quarter, suggesting growth of 25% from the year-ago reported figure.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $8.51 for the fiscal second quarter, suggesting growth of 25% from the year-ago reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Centerra Gold Inc. (CGAU) : Free Stock Analysis Report Bitfarms Ltd. (BITF) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE is scheduled to report second-quarter fiscal 2023 results on May 19, before the opening bell.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $8.51 for the fiscal second quarter, suggesting growth of 25% from the year-ago reported figure. Q1 Results Deere’s sales and earnings surpassed the Zacks Consensus Estimate in the first quarter of fiscal 2023. Image Source: Zacks Investment Research Other Stocks to Consider Here are some other stocks, which you might consider, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases.
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2023-05-10 00:00:00 UTC
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Urban-gro, Inc. (UGRO) Reports Q1 Loss, Tops Revenue Estimates
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https://www.nasdaq.com/articles/urban-gro-inc.-ugro-reports-q1-loss-tops-revenue-estimates
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Urban-gro, Inc. (UGRO) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -77.78%. A quarter ago, it was expected that this company would post a loss of $0.20 per share when it actually produced a loss of $0.30, delivering a surprise of -50%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
urban-gro, Inc., which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.77 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 5.97%. This compares to year-ago revenues of $21.05 million. 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.
Urban-gro, Inc. Shares have lost about 34.2% since the beginning of the year versus the S&P 500's gain of 7.3%.
What's Next for urban-gro, Inc.
While urban-gro, Inc. 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 urban-gro, Inc. 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 -$0.20 on $21.04 million in revenues for the coming quarter and -$0.63 on $107.58 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Farm Equipment is currently in the top 19% 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 April 2023. The results are expected to be released on May 19.
This agricultural equipment manufacturer is expected to post quarterly earnings of $8.51 per share in its upcoming report, which represents a year-over-year change of +25%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
Deere's revenues are expected to be $14.78 billion, up 22.8% from the year-ago quarter.
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urban-gro, Inc. (UGRO) : 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 company would post a loss of $0.20 per share when it actually produced a loss of $0.30, delivering a surprise of -50%. urban-gro, Inc., which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.77 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 5.97%.
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urban-gro, Inc., which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.77 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 5.97%. Click to get this free report urban-gro, Inc. (UGRO) : 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 company would post a loss of $0.20 per share when it actually produced a loss of $0.30, delivering a surprise of -50%.
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urban-gro, Inc., which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $16.77 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 5.97%. 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. Click to get this free report urban-gro, Inc. (UGRO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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 company would post a loss of $0.20 per share when it actually produced a loss of $0.30, delivering a surprise of -50%.
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2023-05-10 00:00:00 UTC
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CNH Industrial (CNHI) Q1 Earnings & Revenues Surpass Estimates
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https://www.nasdaq.com/articles/cnh-industrial-cnhi-q1-earnings-revenues-surpass-estimates
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CNH Industrial CNHI delivered first-quarter 2023 adjusted earnings per share of 35 cents, which increased from 28 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 32 cents. Higher-than-anticipated revenues across the Agricultural and Financial Services segments resulted in this outperformance.
In the first quarter, consolidated revenues rose 15% from the year-ago level to $5,342 million, topping the Zacks Consensus Estimate of $5,146 million. The company’s net sales from industrial activities came in at $4,776 million, up 14.3%, led by higher volumes and favorable pricing.
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 December quarter, net sales in the Agricultural segment grew 16% year over year to $3,927 million due to higher volumes, favorable price realization and an improved mix. The metric also topped the Zacks Consensus Estimate of $3,826 million. The segment’s adjusted EBIT came in at $570 million, jumping 33.8% year over year and rising from the consensus mark of $533 million. The adjusted EBIT margin increased to 14.5% from 12.6%.
The Construction segment’s sales grew 6% year over year to $849 million in the quarter, led by favorable price realization and improved volume and mix in Europe and North America. However, revenues lagged the Zacks Consensus Estimate of $862 million. Adjusted EBIT came in at $44 million, gaining 37.5% on favorable volume and a positive price realization. The figure also surpassed the consensus mark of $34.17 million. The adjusted EBIT margin increased to 5.2% from 4%.
The Financial Services segment’s revenues went up 18% to $549 million, topping the consensus mark of $504 million on improved volumes and better base rates. Net income from the segment declined 4.9% to $78 million due to high labor costs and margin compression in North America in the quarter under review.
Financial Details
CNH Industrial had cash and cash equivalents of $3,213 million as of Mar 31, 2023, down from $4,376 million as of Dec 31, 2022. The company’s debt totaled $23,552 million at the end of the first quarter of 2023, up from $22,962 million as of Dec 31, 2022.
CNH Industrial’s net cash, provided by operating activities was $701 million, down from $887 million in the year-ago period. Free cash flow from industrial activities was $673 million in the quarter versus FCF of $1,059 million in the first quarter of 2022.
Revised Guidance 2023
For 2023, sales are expected to increase year over year in the band of 8-11%, up from the previous guidance of 6-10%. The projections for free cash flow from industrial activities are in the range of $1.3 billion to $1.5 billion. R&D expenses and capex projections stand at around $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 #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few top-ranked players in the same industry are Deere & Company DE and AGCO AGCO, both carrying a Zacks Rank #2 (Buy).
Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand. The Zacks Consensus Estimate for DE’s 2023 sales and earnings imply year-over-year growth of 14.7% and 30.9%, respectively.
AGCO is a leading manufacturer and distributor of agricultural equipment and related replacement parts. The Zacks Consensus Estimate for AGCO’s 2023 sales and earnings imply year-over-year growth of 14% and 14.9%, respectively.
Top 5 ChatGPT Stocks Revealed
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
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 4.9% to $78 million due to high labor costs and margin compression in North America in the quarter under review. CNH Industrial CNHI delivered first-quarter 2023 adjusted earnings per share of 35 cents, which increased from 28 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 32 cents. 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 December quarter, net sales in the Agricultural segment grew 16% year over year to $3,927 million due to higher volumes, favorable price realization and an improved mix.
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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 December quarter, net sales in the Agricultural segment grew 16% year over year to $3,927 million due to higher volumes, favorable price realization and an improved mix. 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 first-quarter 2023 adjusted earnings per share of 35 cents, which increased from 28 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 32 cents.
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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 December quarter, net sales in the Agricultural segment grew 16% year over year to $3,927 million due to higher volumes, favorable price realization and an improved mix. 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 first-quarter 2023 adjusted earnings per share of 35 cents, which increased from 28 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 32 cents.
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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 December quarter, net sales in the Agricultural segment grew 16% year over year to $3,927 million due to higher volumes, favorable price realization and an improved mix. A few top-ranked players in the same industry are Deere & Company DE and AGCO AGCO, both carrying a Zacks Rank #2 (Buy). CNH Industrial CNHI delivered first-quarter 2023 adjusted earnings per share of 35 cents, which increased from 28 cents in the prior-year quarter and surpassed the Zacks Consensus Estimate of 32 cents.
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090f47dd-35b5-40d9-bc8d-acfb935074cf
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720569.0
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2023-05-09 00:00:00 UTC
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Eos Energy Enterprises, Inc. (EOSE) Reports Q1 Loss, Tops Revenue Estimates
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DE
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https://www.nasdaq.com/articles/eos-energy-enterprises-inc.-eose-reports-q1-loss-tops-revenue-estimates
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Eos Energy Enterprises, Inc. (EOSE) came out with a quarterly loss of $0.82 per share versus the Zacks Consensus Estimate of a loss of $0.54. This compares to loss of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -51.85%. A quarter ago, it was expected that this company would post a loss of $0.61 per share when it actually produced a loss of $0.68, delivering a surprise of -11.48%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Eos Energy Enterprises, Inc., which belongs to the Zacks Industrial Services industry, posted revenues of $8.84 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 178.71%. This compares to year-ago revenues of $3.3 million. The company has topped consensus revenue estimates two 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.
Eos Energy Enterprises, Inc. Shares have added about 29.7% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Eos Energy Enterprises, Inc.
While Eos Energy Enterprises, Inc. Has outperformed 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 Eos Energy Enterprises, Inc. Favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 -$0.36 on $4.96 million in revenues for the coming quarter and -$1.39 on $42.25 million 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, Industrial Services is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Industrial Products sector, Deere (DE), is yet to report results for the quarter ended April 2023. The results are expected to be released on May 19.
This agricultural equipment manufacturer is expected to post quarterly earnings of $8.51 per share in its upcoming report, which represents a year-over-year change of +25%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
Deere's revenues are expected to be $14.78 billion, up 22.8% from the year-ago quarter.
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Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
Eos Energy Enterprises, Inc. (EOSE) : 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 #2 (Buy) for the stock. One other stock from the broader Zacks Industrial Products sector, Deere (DE), is yet to report results for the quarter ended April 2023. A quarter ago, it was expected that this company would post a loss of $0.61 per share when it actually produced a loss of $0.68, delivering a surprise of -11.48%.
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Eos Energy Enterprises, Inc., which belongs to the Zacks Industrial Services industry, posted revenues of $8.84 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 178.71%. Click to get this free report Eos Energy Enterprises, Inc. (EOSE) : 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 company would post a loss of $0.61 per share when it actually produced a loss of $0.68, delivering a surprise of -11.48%.
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Eos Energy Enterprises, Inc., which belongs to the Zacks Industrial Services industry, posted revenues of $8.84 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 178.71%. Click to get this free report Eos Energy Enterprises, Inc. (EOSE) : 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 company would post a loss of $0.61 per share when it actually produced a loss of $0.68, delivering a surprise of -11.48%.
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Eos Energy Enterprises, Inc., which belongs to the Zacks Industrial Services industry, posted revenues of $8.84 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 178.71%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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 #2 (Buy) for the stock.
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013f1275-967c-45c4-bd1d-1e81fc1e6e84
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720570.0
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2023-05-08 00:00:00 UTC
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Deere (DE) Stock Sinks As Market Gains: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-stock-sinks-as-market-gains%3A-what-you-should-know-7
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nan
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nan
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In the latest trading session, Deere (DE) closed at $380.25, marking a -0.22% move from the previous day. This change lagged the S&P 500's 0.05% gain on the day. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 6.02%.
Prior to today's trading, shares of the agricultural equipment manufacturer had gained 3.09% over the past month. This has lagged the Industrial Products sector's gain of 3.52% and outpaced the S&P 500's gain of 1.18% in that time.
Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023. The company is expected to report EPS of $8.51, up 24.96% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $14.78 billion, up 22.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $30.47 per share and revenue of $54.96 billion, which would represent changes of +30.88% and +14.71%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. Deere is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Deere is holding a Forward P/E ratio of 12.51. For comparison, its industry has an average Forward P/E of 12.75, which means Deere is trading at a discount to the group.
Also, we should mention that DE has a PEG ratio of 1.02. 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 0.98 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 89, which puts it in the top 36% 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 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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." In the latest trading session, Deere (DE) closed at $380.25, marking a -0.22% move from the previous day.
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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. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Deere (DE) closed at $380.25, marking a -0.22% move from the previous day.
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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. In the latest trading session, Deere (DE) closed at $380.25, marking a -0.22% move from the previous day.
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In the latest trading session, Deere (DE) closed at $380.25, marking a -0.22% move from the previous day. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 6.02%. Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023.
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be6d569b-cc57-40a5-8d63-3ebe01ac7ebe
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720571.0
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2023-05-08 00:00:00 UTC
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Noteworthy ETF Inflows: VONG, DE, AMGN, TJX
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-vong-de-amgn-tjx
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $141.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 178,731,844 to 180,956,844). Among the largest underlying components of VONG, in trading today Deere & Co. (Symbol: DE) is up about 0.6%, Amgen Inc (Symbol: AMGN) is off about 1.5%, and TJX Companies (Symbol: TJX) is lower by about 0.2%. For a complete list of holdings, visit the VONG Holdings page » The chart below shows the one year price performance of VONG, versus its 200 day moving average:
Looking at the chart above, VONG's low point in its 52 week range is $51.98 per share, with $66.53 as the 52 week high point — that compares with a last trade of $63.47. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Fortive shares outstanding history
Funds Holding DFEV
STPC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $141.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 178,731,844 to 180,956,844).
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For a complete list of holdings, visit the VONG Holdings page » The chart below shows the one year price performance of VONG, versus its 200 day moving average: Looking at the chart above, VONG's low point in its 52 week range is $51.98 per share, with $66.53 as the 52 week high point — that compares with a last trade of $63.47. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $141.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 178,731,844 to 180,956,844).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $141.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 178,731,844 to 180,956,844). For a complete list of holdings, visit the VONG Holdings page » The chart below shows the one year price performance of VONG, versus its 200 day moving average: Looking at the chart above, VONG's low point in its 52 week range is $51.98 per share, with $66.53 as the 52 week high point — that compares with a last trade of $63.47. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 Growth ETF (Symbol: VONG) where we have detected an approximate $141.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 178,731,844 to 180,956,844). Among the largest underlying components of VONG, in trading today Deere & Co. (Symbol: DE) is up about 0.6%, Amgen Inc (Symbol: AMGN) is off about 1.5%, and TJX Companies (Symbol: TJX) is lower by about 0.2%. 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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e6f1dbcd-1dd7-4bc8-b06e-55b24ce702df
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720572.0
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2023-05-08 00:00:00 UTC
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Roblox (RBLX) to Report Q1 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/roblox-rblx-to-report-q1-earnings%3A-whats-in-the-cards-0
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nan
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Roblox RBLX is set to report first-quarter 2023 results on May 10.
The Zacks Consensus Estimate for revenues is pegged at $766.71 million, indicating growth of 21.47% from the year-ago quarter’s levels.
The consensus estimate for loss has remained steady at 42 cents in the past 30 days, indicating a decline of 55.56% year over year.
Notably, the company’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing thrice, the average negative surprise being 21.29%.
Let’s see how things have shaped up prior to the announcement.
Roblox Corporation Price and EPS Surprise
Roblox Corporation price-eps-surprise | Roblox Corporation Quote
Factors to Note
Roblox’s first-quarter performance is expected to have benefited from user and developer growth and strength in daily user engagement levels on the platform.
The company witnessed strong usage growth in the fourth quarter of 2022. Improvements in booking and daily active users (DAUs) were also recorded as customers spent more time on its games. This trend is likely to have continued and impacted the overall first-quarter 2023 performance as well.
In the last reported quarter, average DAUs were 58.8 million, up 19% year over year. The upside was driven by more than 70 experiences of more than a billion visits in 2022. Fourth-quarter 2022 witnessed the highest number of returning players, which contributed to an all-time high of 13.4 million players. Hours Engaged were 12.8 billion, up 18% year over year. Average Bookings per DAU was $15.29, down 2% year over year.
Roblox’s increasing penetration in user base between 9 years and 12 years holds promise. RBLX’s developer community’s focus on providing good content, featuring better visuals and effects, and continued market penetration are expected to drive first-quarter results.
What Our Model Says
Per the Zacks model, 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.
Roblox has an Earnings ESP of -2.93% and carries a Zacks Rank #3, currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Centerra Gold CGAU has an Earnings ESP of +192.31% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
CGAU is set to report first-quarter fiscal 2023 results on May 15. The Zacks Consensus Estimate is pegged at a loss of 4 cents per share, suggesting a decrease of 121.05% from the prior-year period’s reported figure.
Deere & Company DE has an Earnings ESP of +6.75% and a Zacks Rank #2 at present.
Deere & Company is scheduled to release first-quarter 2023 results on May 19. The Zacks Consensus Estimate for DEs earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure.
Copa Holdings CPA has an Earnings ESP of +19.57% and currently carries Zacks Rank #2.
Copa Holdings is scheduled to release first-quarter 2023 results on May 10. The Zacks Consensus Estimate for CPA’s earnings is pegged at $3.03 per share, implying an increase of 332.86% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
Roblox Corporation (RBLX) : Free Stock Analysis Report
Centerra Gold Inc. (CGAU) : 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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RBLX’s developer community’s focus on providing good content, featuring better visuals and effects, and continued market penetration are expected to drive first-quarter results. The Zacks Consensus Estimate is pegged at a loss of 4 cents per share, suggesting a decrease of 121.05% from the prior-year period’s reported figure. The consensus estimate for loss has remained steady at 42 cents in the past 30 days, indicating a decline of 55.56% year over year.
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What Our Model Says Per the Zacks model, 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. The Zacks Consensus Estimate for DEs earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Centerra Gold Inc. (CGAU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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What Our Model Says Per the Zacks model, 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. The Zacks Consensus Estimate for DEs earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Centerra Gold Inc. (CGAU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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What Our Model Says Per the Zacks model, 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. The consensus estimate for loss has remained steady at 42 cents in the past 30 days, indicating a decline of 55.56% year over year. Roblox Corporation Price and EPS Surprise Roblox Corporation price-eps-surprise | Roblox Corporation Quote Factors to Note Roblox’s first-quarter performance is expected to have benefited from user and developer growth and strength in daily user engagement levels on the platform.
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720573.0
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2023-05-08 00:00:00 UTC
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Deere (DE) Is Considered a Good Investment by Brokers: Is That True?
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DE
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https://www.nasdaq.com/articles/deere-de-is-considered-a-good-investment-by-brokers%3A-is-that-true
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nan
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Deere (DE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.74 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 12 are Strong Buy, representing 63.2% of all recommendations.
Brokerage Recommendation Trends for DE
Check price target & stock forecast for Deere here>>>
The ABR suggests buying Deere, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in DE?
In terms of earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has increased 0.1% over the past month to $30.47.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors.
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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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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c6b091ce-0e2b-4aab-8f94-00ec99ea4dfa
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720574.0
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2023-05-08 00:00:00 UTC
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Agribusiness Has Makings of Megatrend
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DE
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https://www.nasdaq.com/articles/agribusiness-has-makings-of-megatrend
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nan
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nan
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With the global population increasing and access to adequate farmland moving in the opposite direction, more innovation and technology is needed in the agriculture industry. Some agribusiness companies are answering that call, making the VanEck Future of Food ETF (YUMY) a valid consideration for tactical exposure to megatrends.
Farming is evolving. With that comes potentially positive implications for YUMY, which taps into next-gen agribusiness and sustainability.
YUMY, which debuted in November 2021, is an actively managed ETF. That 's an important characteristic, given manager flexibility can be an advantage when accessing an emerging megatrend.
“Consider the gradual worldwide decrease in agricultural land per person, which is down nearly 50% since 1961,” according to Fidelity. “As this trend continues, new and more-efficient farming and food production may become more necessary to support the needs of a growing global population. The long-term agriculture megatrend has and continues to produce investment opportunities as companies seek to meet this growing global demand for food. And this is just one of a variety of megatrend investing opportunities that investors may be able to capitalize on.”
This ETF Captures Exposure To The Future of Agribusiness
YUMY holds 39 stocks, which the run the gamut of the agribusiness ecosystem. Holdings such as Deere (DE), Bunge (BG) and Nutrien (NTR) are industry leaders in modernizing food production. That’s important because the global population continues increasing.
“Global population is expected to reach almost 10 billion by 2050, up from more than 8 billion today, according to estimates from the United Nations,” added Fidelity.
Global food production will need to increase by at least 50% by 2050 to meet population demands. That underscores the importance of identifying the industry leaders, as YUMY does.
Changing demographics and the finite amount of suitable farmland also underscore the long-term investment thesis.
“A growing middle class and rising wages have led to shifts in consumer preferences including healthier options and increased protein consumption, further increasing the need for greater productivity,” concluded Fidelity.
Bottom line: Farming and food production need to evolve to keep pace with global population growth. Some YUMY constituents are driving forces behind that necessary evolution.
For more news, information, and analysis, visit the Beyond Basic Beta Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With the global population increasing and access to adequate farmland moving in the opposite direction, more innovation and technology is needed in the agriculture industry. Some agribusiness companies are answering that call, making the VanEck Future of Food ETF (YUMY) a valid consideration for tactical exposure to megatrends. The long-term agriculture megatrend has and continues to produce investment opportunities as companies seek to meet this growing global demand for food.
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The long-term agriculture megatrend has and continues to produce investment opportunities as companies seek to meet this growing global demand for food. With the global population increasing and access to adequate farmland moving in the opposite direction, more innovation and technology is needed in the agriculture industry. Some agribusiness companies are answering that call, making the VanEck Future of Food ETF (YUMY) a valid consideration for tactical exposure to megatrends.
|
The long-term agriculture megatrend has and continues to produce investment opportunities as companies seek to meet this growing global demand for food. With the global population increasing and access to adequate farmland moving in the opposite direction, more innovation and technology is needed in the agriculture industry. Some agribusiness companies are answering that call, making the VanEck Future of Food ETF (YUMY) a valid consideration for tactical exposure to megatrends.
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The long-term agriculture megatrend has and continues to produce investment opportunities as companies seek to meet this growing global demand for food. Global food production will need to increase by at least 50% by 2050 to meet population demands. With the global population increasing and access to adequate farmland moving in the opposite direction, more innovation and technology is needed in the agriculture industry.
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fc1893ef-8d25-4312-b8e0-5eb6420ab7a7
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720575.0
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2023-05-07 00:00:00 UTC
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7 Construction Stocks to Bet On as Biden Builds 2024 Campaign
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DE
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https://www.nasdaq.com/articles/7-construction-stocks-to-bet-on-as-biden-builds-2024-campaign
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With President Joe Biden officially announcing his re-election bid recently, investors should start considering the best construction stocks to buy now. Let’s be real: Biden doesn’t have the greatest approval rating. And he’s old – astonishingly old. Nevertheless, he does have a solid chance of winning the White House again. And that bodes well for the blue-collar sector because of Biden and construction industry dynamics.
Obviously, Biden initially ran on the campaign promise to build back better. And he helped make good on that promise via the Bipartisan Infrastructure Deal. With a second term, Biden may bring some predictability to the political order. Further, reports about the construction industry analysis in 2023 point toward the pursuit of growth despite macroeconomic headwinds. There’s a better chance of that happening if Biden wins.
Still, how can anyone be so confident about his reelection? As The Guardian pointed out, the Republicans are internally divided. You have small-government Republicans (remember those guys?), Trump hardliners and the “Fringe” (it’s better I don’t explain). For the Democrats, you only have President Biden and “Dark Brandon.” It’s just a more cogent framework. Here are the top construction companies to invest in.
MLM Martin Marietta Materials $397.66
MAS Masco $53.45
VMC Vulcan Materials $193.57
CAT Caterpillar $215.09
DE Deere $381.09
URI United Rentals $342.05
KELYA Kelly Services $16.24
Martin Marietta Materials (MLM)
Source: Vova Shevchuk / Shutterstock.com
Headquartered in Raleigh, North Carolina, Martin Marietta Materials (NYSE:MLM) is a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. Notably, Martin Marietta supplies resources for the construction of roads, sidewalks, and foundations. Presently, it features a market capitalization of $24.65 billion. Since the start of the year, MLM gained an impressive 15%, making it one of the best construction stocks to buy now.
On the financials, Martin Marietta benefits from solid operational statistics. For example, its three-year revenue growth rate comes in at 9.3%, above 68.87% of other construction stocks. Also, its EBITDA growth rate during the same period pings at 12.4%, above 64.09% of sector rivals. On the bottom line, the company posts a trailing-year net margin of 14.07%, outflanking 82.64% of its peers. It’s also consistently profitable. Finally, Wall Street analysts peg MLM as a consensus strong buy. Their average price target lands at $418.50, implying almost 8% upside potential.
Masco (MAS)
Source: PX Media / Shutterstock
An American manufacturer of products for the home improvement and new home construction markets, Masco (NYSE:MAS) is a bit of a risk when compared to other top construction companies to invest in. Largely, MAS depends on sentiment for renovation and real estate acquisition. That’s questionable given rising layoffs and interest rates. Nevertheless, for contrarians, MAS could rank among the best construction stocks to buy now.
Indeed, the market carries optimism, with shares bouncing over 11% since the Jan. opener. Operationally, Masco enjoys encouraging stats. For instance, its three-year revenue growth rate comes in at 17.1%, ranked above 84.26% of other construction stocks. Also, its EBITDA growth rate during the same period lands at 13.4%, above 67.44%. On the bottom line, Masco prints an excellent trailing-year net margin of 9.67%, beating out 82.91% of the competition. As with Martin Marietta, Masco benefits from consistent profitability.
Lastly, covering analysts peg MAS as a consensus moderate buy. Their average price target is $57.92, implying nearly 10% upside potential.
Vulcan Materials (VMC)
Source: Epic Cure / Shutterstock
Hailing from Birmingham, Alabama, Vulcan Materials (NYSE:VMC) is the nation’s largest producer of construction aggregates— primarily crushed stone, sand, and gravel — and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete, according to its website. Because of the Biden and construction industry relationship, VMC popped up 8% since the beginning of this year.
Investors may look forward to additional gains as VMC ranks among the best construction stocks to buy now. Primarily, Vulcan enjoys strong sales performances. Its three-year revenue growth rate pings at 14%, above 80.44% of its rivals. On the bottom line, Vulcan features an operating margin and net margin of 13.79% and 7.87%, respectively. Both stats rank above at least 65% of sector peers.
To close out, analysts peg VMC as a consensus strong buy. This assessment breaks down as 10 buys, two holds and zero sells. Overall, the experts’ average price target is $209, implying nearly 10% upside potential.
Caterpillar (CAT)
Source: Zurijeta / Shutterstock.com
A world-famous construction equipment manufacturer, Caterpillar (NYSE:CAT) is no stranger to lists targeting the best construction stocks to buy now. However, it’s interesting at this juncture because of the Biden and construction industry dynamics. In the runup to the 2016 presidential election, former President Donald Trump often praised Caterpillar. However, CAT represents a contrarian play, with shares down 12% since the January opener.
To be fair, many of its fiscal stats sit as rather ho-hum: not bad, not great. For example, its three-year revenue growth rate comes in at 5.7%, better than 54% of its peers. That’s nice but nothing earth-shattering. Also, its free cash flow (FCF) growth rate during the aforementioned period is 9.2%, better than 50.43% of sector players. Again, nothing remarkable.
However, Caterpillar offers business predictability. Its operating margin and net margin ping at 15.73% and 11.53%, ranking better than at least 87% of other construction stocks. Currently, analysts peg CAT as a hold. On average, the experts anticipate shares hitting $239.07, implying growth potential of almost 14%.
Deere (DE)
Source: shutterstock.com/CC7
Specializing in the manufacture of agricultural machinery, Deere (NYSE:DE) is a key player in heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment. Given the Democrats’ holistic view of infrastructure, the need to boost food-related supply chains should undergird this special category of the best construction stocks to buy now. Since the start of the year, DE lost 12% of its equity value.
However, such red ink seems rather unreasonable given the broader fiscal picture. Operationally, Deere’s three-year revenue growth rate pings at 11.7%, beating out nearly 72% of its peers. Its EBITDA growth rate during the same period comes in at 18.6%, above 72.46%. On the bottom line, the company’s net margin lands at 14.9%, ranked better than 92% of sector players. Also, it enjoys consistent profitability.
Turning to Wall Street, analysts peg DE as a consensus moderate buy. Their average price target stands at $470.15, implying nearly 26% upside potential.
United Rentals (URI)
Source: Freedom365day / Shutterstock.com
Billed as the world’s largest equipment rental company, United Rentals (NYSE:URI) owns approximately 4,700 classes of equipment. In addition, United offers a combined total of over 1,400 locations covering North America, Europe, Australia, and New Zealand. Should President Biden win reelection, construction demand might soar, boding well for equipment providers.
Enticingly, the market prices URI at a forward multiple of 7.93. As a discount to projected earnings, United ranks better than 82.78% of the competition. Also, URI trades at 4.86 times the operating cash flow. In contrast, the sector median comes in at 10.91 times. Operationally, United posts a three-year revenue growth rate of 10.9%, ranked better than 71.89% of its peers. Also, its book growth rate during the aforementioned period is 25.5%, outpacing nearly 85% of the field.
Looking to the Street, analysts peg URI as a consensus moderate buy. Their average price target hits $421.83, implying over 28% upside potential. Though it’s a higher risk, it makes a solid case for the best construction stocks to buy now.
Kelly Services (KELYA)
Source: Wright Studio/Shutterstock.com
An office staffing company featuring global operations, Kelly Services (NASDAQ:KELYA) might not immediately figure as one of the top construction companies to invest in. However, Kelly provides staffing solutions for myriad industries, including the construction sector. And frankly, building back better doesn’t mean much if companies don’t have anyone to do so.
To be fair, KELYA represents one of the higher-risk stories among construction stocks, with shares down 7% year-to-date. Still, it could attract speculators because of its value proposition. Currently, the market prices shares at a forward multiple of 9.99. As a discount to projected earnings, Kelly ranks better than 72.19% of the competition. Also, KELYA trades at 0.63 times tangible book value. In contrast, the sector median is a lofty 2.14 times.
On the balance sheet, Kelly enjoys a cash-to-debt ratio of 2.18, above 61.56% of its peers. However, it had some troubles regarding negative sales growth and net margin. Nevertheless, an improved construction sector outlook could do wonders for the enterprise. On a final note, analysts peg KELYA as a consensus moderate buy. Their average price target stands at $24, implying over 52% growth 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.
The post 7 Construction Stocks to Bet On as Biden Builds 2024 Campaign 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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Given the Democrats’ holistic view of infrastructure, the need to boost food-related supply chains should undergird this special category of the best construction stocks to buy now. 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. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With President Joe Biden officially announcing his re-election bid recently, investors should start considering the best construction stocks to buy now.
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MLM Martin Marietta Materials $397.66 MAS Masco $53.45 VMC Vulcan Materials $193.57 CAT Caterpillar $215.09 DE Deere $381.09 URI United Rentals $342.05 KELYA Kelly Services $16.24 Martin Marietta Materials (MLM) Source: Vova Shevchuk / Shutterstock.com Headquartered in Raleigh, North Carolina, Martin Marietta Materials (NYSE:MLM) is a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With President Joe Biden officially announcing his re-election bid recently, investors should start considering the best construction stocks to buy now. Let’s be real: Biden doesn’t have the greatest approval rating.
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MLM Martin Marietta Materials $397.66 MAS Masco $53.45 VMC Vulcan Materials $193.57 CAT Caterpillar $215.09 DE Deere $381.09 URI United Rentals $342.05 KELYA Kelly Services $16.24 Martin Marietta Materials (MLM) Source: Vova Shevchuk / Shutterstock.com Headquartered in Raleigh, North Carolina, Martin Marietta Materials (NYSE:MLM) is a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With President Joe Biden officially announcing his re-election bid recently, investors should start considering the best construction stocks to buy now. Let’s be real: Biden doesn’t have the greatest approval rating.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With President Joe Biden officially announcing his re-election bid recently, investors should start considering the best construction stocks to buy now. Let’s be real: Biden doesn’t have the greatest approval rating. And that bodes well for the blue-collar sector because of Biden and construction industry dynamics.
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448a1d69-716c-4516-9779-078a0ef36bf1
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720576.0
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2023-05-05 00:00:00 UTC
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Unusual Put Option Trade in Deere (DE) Worth $445.00K
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DE
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https://www.nasdaq.com/articles/unusual-put-option-trade-in-deere-de-worth-%24445.00k
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nan
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nan
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On May 5, 2023 at 12:56:51 ET an unusually large $445.00K block of Put contracts in Deere (DE) was sold, with a strike price of $360.00 / share, expiring in 42 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.47 sigmas above the mean, placing it in the 98.41th percentile of all recent large trades made in DE options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 3236 funds or institutions reporting positions in Deere. This is an increase of 162 owner(s) or 5.27% in the last quarter. Average portfolio weight of all funds dedicated to DE is 0.55%, an increase of 13.30%. Total shares owned by institutions decreased in the last three months by 0.87% to 240,041K shares.
The put/call ratio of DE is 1.32, 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 28.44% Upside
As of April 24, 2023, the average one-year price target for Deere is 479.84. The forecasts range from a low of 314.11 to a high of $620.55. The average price target represents an increase of 28.44% from its latest reported closing price of 373.59.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deere is 55,138MM, a decrease of 0.91%. The projected annual non-GAAP EPS is 28.90.
What are Other Shareholders Doing?
Jpmorgan Chase holds 13,288K shares representing 4.48% ownership of the company. In it's prior filing, the firm reported owning 12,970K shares, representing an increase of 2.39%. The firm increased its portfolio allocation in DE by 20.78% over the last quarter.
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 8,207K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in DE by 19.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,305K shares, representing an increase of 0.70%. The firm increased its portfolio allocation in DE by 19.14% over the last quarter.
Wellington Management Group Llp holds 5,658K shares representing 1.91% ownership of the company. In it's prior filing, the firm reported owning 6,001K shares, representing a decrease of 6.06%. The firm increased its portfolio allocation in DE by 13.98% over the last quarter.
Geode Capital Management holds 4,792K shares representing 1.62% ownership of the company. In it's prior filing, the firm reported owning 4,720K shares, representing an increase of 1.52%. The firm increased its portfolio allocation in DE by 20.55% over the last quarter.
Deere Declares $1.25 Dividend
On February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of March 31, 2023 will receive the payment on May 8, 2023. Previously, the company paid $1.20 per share.
At the current share price of $373.59 / share, the stock's dividend yield is 1.34%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.90%, and the highest has been 2.74%. The standard deviation of yields is 0.41 (n=237).
The current dividend yield is 0.42 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. 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.
See all Deere regulatory filings.
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 May 5, 2023 at 12:56:51 ET an unusually large $445.00K block of Put contracts in Deere (DE) was sold, with a strike price of $360.00 / share, expiring in 42 day(s) (on June 16, 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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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 6,349K shares representing 2.14% ownership of the company. On May 5, 2023 at 12:56:51 ET an unusually large $445.00K block of Put contracts in Deere (DE) was sold, with a strike price of $360.00 / share, expiring in 42 day(s) (on June 16, 2023).
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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 6,349K shares representing 2.14% ownership of the company. Deere Declares $1.25 Dividend On February 22, 2023 the company declared a regular quarterly dividend of $1.25 per share ($5.00 annualized).
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VFINX - Vanguard 500 Index Fund Investor Shares holds 6,349K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,001K shares, representing a decrease of 6.06%. At the current share price of $373.59 / share, the stock's dividend yield is 1.34%.
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7f7b484b-01df-47df-afa1-3bedf815aa41
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720577.0
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2023-05-05 00:00:00 UTC
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Is Trending Stock Deere & Company (DE) a Buy Now?
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DE
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https://www.nasdaq.com/articles/is-trending-stock-deere-company-de-a-buy-now-2
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nan
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Deere (DE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this agricultural equipment manufacturer have returned +1.1% over the past month versus the Zacks S&P 500 composite's -0.9% change. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 5.8% over this period. Now the key question is: Where could the stock be headed in the near term?
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
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Deere is expected to post earnings of $8.51 per share, indicating a change of +25% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.2% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $30.47 points to a change of +30.9% from the prior year. Over the last 30 days, this estimate has changed +0.1%.
For the next fiscal year, the consensus earnings estimate of $31.57 indicates a change of +3.6% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
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 #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Deere, the consensus sales estimate for the current quarter of $14.78 billion indicates a year-over-year change of +22.8%. For the current and next fiscal years, $54.96 billion and $55.66 billion estimates indicate +14.7% and +1.3% changes, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $6.55 for the same period compares with $2.92 a year ago.
Compared to the Zacks Consensus Estimate of $11.31 billion, the reported revenues represent a surprise of +0.84%. The EPS surprise was +18.44%.
Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times 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.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty 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.
Conclusion
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 #2 does suggest that it may outperform the broader market in the near term.
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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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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Conclusion 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) has recently been on Zacks.com's list of the most searched stocks.
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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. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) has recently been on Zacks.com's list of the most searched stocks.
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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 #2 (Buy). 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) has recently been on Zacks.com's list of the most searched stocks.
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For the next fiscal year, the consensus earnings estimate of $31.57 indicates a change of +3.6% from what Deere is expected to report a year ago. 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 #2 (Buy). 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.
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7b8be761-84d4-4905-b738-cc0da78a3d81
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720578.0
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2023-05-05 00:00:00 UTC
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CNH Industrial raises FY revenue guidance but cash flow negative in Q1
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DE
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https://www.nasdaq.com/articles/cnh-industrial-raises-fy-revenue-guidance-but-cash-flow-negative-in-q1
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By 1155 GMT Milan-listed shares in CNH were down 2%, after initially extending gains following its earnings release.
The company on Friday guided for an increase in its revenue from industrial activities of between 8% and 11% this year, versus a previous forecast of between 6% and 10%.
Like its competitors Deere & Co. DE.N and Caterpillar Inc. CAT.N, CNH's profit margins were propped up by price increases across its machinery segments to help offset inflated input costs and a choppy supply chain.
The company implemented double-digit price hikes over the past two years. That contributed to a 16% increase in net sales for its agriculture equipment segment from the year prior, due to healthy demand in North America for CNH's high horsepower tractors and precision ag equipment.
"North American demand for row crop products is strong. Globally, pricing continues to be resilient, order backlog remains solid and well above 2019 levels," it said in a statement.
CNH's first-quarter earnings beat follows the company's revenue growth of nearly 27% to close out fiscal year 2022, significantly outpacing analyst estimates.
In the first quarter, CNH's adjusted earnings before interest and tax (EBIT) for industrial activities rose 29% to $555 million, slightly topping an analyst consensus from a Reuters poll. Revenue was in line with expectations coming in at $4.78 billion compared to estimates of $4.73 billion.
(Reporting by Giulio Piovaccari; Editing by Jan Harvey, Kirsten Donovan)
((giulio.piovaccari@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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Like its competitors Deere & Co. DE.N and Caterpillar Inc. CAT.N, CNH's profit margins were propped up by price increases across its machinery segments to help offset inflated input costs and a choppy supply chain. The company on Friday guided for an increase in its revenue from industrial activities of between 8% and 11% this year, versus a previous forecast of between 6% and 10%. That contributed to a 16% increase in net sales for its agriculture equipment segment from the year prior, due to healthy demand in North America for CNH's high horsepower tractors and precision ag equipment.
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The company on Friday guided for an increase in its revenue from industrial activities of between 8% and 11% this year, versus a previous forecast of between 6% and 10%. Like its competitors Deere & Co. DE.N and Caterpillar Inc. CAT.N, CNH's profit margins were propped up by price increases across its machinery segments to help offset inflated input costs and a choppy supply chain. That contributed to a 16% increase in net sales for its agriculture equipment segment from the year prior, due to healthy demand in North America for CNH's high horsepower tractors and precision ag equipment.
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Like its competitors Deere & Co. DE.N and Caterpillar Inc. CAT.N, CNH's profit margins were propped up by price increases across its machinery segments to help offset inflated input costs and a choppy supply chain. That contributed to a 16% increase in net sales for its agriculture equipment segment from the year prior, due to healthy demand in North America for CNH's high horsepower tractors and precision ag equipment. The company on Friday guided for an increase in its revenue from industrial activities of between 8% and 11% this year, versus a previous forecast of between 6% and 10%.
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The company on Friday guided for an increase in its revenue from industrial activities of between 8% and 11% this year, versus a previous forecast of between 6% and 10%. Like its competitors Deere & Co. DE.N and Caterpillar Inc. CAT.N, CNH's profit margins were propped up by price increases across its machinery segments to help offset inflated input costs and a choppy supply chain. That contributed to a 16% increase in net sales for its agriculture equipment segment from the year prior, due to healthy demand in North America for CNH's high horsepower tractors and precision ag equipment.
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509235f8-f440-43cb-abe1-f513d5aa0780
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720579.0
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2023-05-05 00:00:00 UTC
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The Zacks Analyst Blog Highlights McDonald's, Deere, Marsh & McLennan, Uber Technologies and Colgate-Palmolive
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-mcdonalds-deere-marsh-mclennan-uber-technologies-and
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For Immediate Release
Chicago, IL – May 5, 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: McDonald's Corporation MCD, Deere & Company DE, Marsh & McLennan Companies, Inc. MMC, Uber Technologies, Inc. UBER and Colgate-Palmolive Co. CL.
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for McDonald's, Deere and Marsh & McLennan
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation, Deere & Company and Marsh & McLennan Companies, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of McDonald's have performed in-line with the Zacks Restaurants Industry in the year-to-date period (+12% vs. +12.5%), but have outperformed the S&P 500 index (+7.1%). The company’s top and the bottom line increased on a year-over-year basis in the March-quarter report on April 25th. The upside was fueled by strong comps performance, digital initiatives, marketing campaigns and loyalty programs.
McDonald’s is increasing its focus on menu innovation, as it believes that the strengthening of the core menu and solid marketing are likely to pave the way for additional growth in the upcoming periods.
The company is also undertaking efforts to drive growth in international markets. Robust digitalization is likely to help the company support long-term growth. Earnings estimates for 2023 have increased in the past 30 days.
(You can read the full research report on McDonald’s here >>>)
Deere shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+1.0% vs. +0.2%). 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 also 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. Improved prices will help negate the impact of high material and labor costs on the company's margins. The earnings estimates for the company for the ongoing quarter and fiscal year have undergone positive revisions lately.
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 global population as well as the rising worldwide infrastructure needs.
(You can read the full research report on Deere here >>>)
Shares of Marsh & McLennan have outperformed the Zacks Insurance - Brokerage industry over the past six months (+10.7% vs. +7.7%). The company is well-poised to grow on the back of acquisitions made within its operating units, the launch of new products and branching out into new businesses. Its increased stake in Marsh India will further buoy growth.
Revenues have been increasing thanks to a wide geographic presence and strong client retention. The Zacks analyst expects the top line to grow 4.6% year over year in 2023. The Risk and Insurance Services unit has been contributing to revenue growth for a while. MMC had around $4 billion left under authorization as of Mar 31, 2023.
However, high operating costs might weigh on the margins. A debt-laden balance sheet is a concern. Its valuation remains stretched at the current level. As such, the stock warrants a cautious stance.
(You can read the full research report on Marsh & McLennan here >>>)
Other noteworthy reports we are featuring today include Uber Technologies, Inc. and Colgate-Palmolive Co.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
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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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McDonald's Corporation (MCD) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Colgate-Palmolive Company (CL) : Free Stock Analysis Report
Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other noteworthy reports we are featuring today include Uber Technologies, Inc. and Colgate-Palmolive Co. Why Haven’t You Looked at Zacks' Top Stocks? This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Stocks recently featured in the blog include: McDonald's Corporation MCD, Deere & Company DE, Marsh & McLennan Companies, Inc. MMC, Uber Technologies, Inc. UBER and Colgate-Palmolive Co. CL.
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Stocks recently featured in the blog include: McDonald's Corporation MCD, Deere & Company DE, Marsh & McLennan Companies, Inc. MMC, Uber Technologies, Inc. UBER and Colgate-Palmolive Co. CL. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation, Deere & Company and Marsh & McLennan Companies, Inc. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Thursday’s Analyst Blog: Top Stock Reports for McDonald's, Deere and Marsh & McLennan The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation, Deere & Company and Marsh & McLennan Companies, Inc. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Thursday’s Analyst Blog: Top Stock Reports for McDonald's, Deere and Marsh & McLennan The Zacks Research Daily presents the best research output of our analyst team. Stocks recently featured in the blog include: McDonald's Corporation MCD, Deere & Company DE, Marsh & McLennan Companies, Inc. MMC, Uber Technologies, Inc. UBER and Colgate-Palmolive Co. CL. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation, Deere & Company and Marsh & McLennan Companies, Inc.
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2023-05-04 00:00:00 UTC
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Top Stock Reports for McDonald's, Deere & Marsh & McLennan
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https://www.nasdaq.com/articles/top-stock-reports-for-mcdonalds-deere-marsh-mclennan
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Thursday, May 4, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation (MCD), Deere & Company (DE) and Marsh & McLennan Companies, Inc. (MMC). 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 >>>
Shares of McDonald's have performed in-line with the Zacks Restaurants Industry in the year-to-date period (+12% vs. +12.5%), but have outperformed the S&P 500 index (+7.1%). The company’s top and the bottom line increased on a year-over-year basis in the March-quarter report on April 25th. The upside was fueled by strong comps performance, digital initiatives, marketing campaigns and loyalty programs.
McDonald’s is increasing its focus on menu innovation, as it believes that the strengthening of the core menu and solid marketing are likely to pave the way for additional growth in the upcoming periods.
The company is also undertaking efforts to drive growth in international markets. Robust digitalization is likely to help the company support long-term growth. Earnings estimates for 2023 have increased in the past 30 days.
(You can read the full research report on McDonald’s here >>>)
Deere shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+1.0% vs. +0.2%). 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 also 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. Improved prices will help negate the impact of high material and labor costs on the company's margins. The earnings estimates for the company for the ongoing quarter and fiscal year have undergone positive revisions lately.
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 global population as well as the rising worldwide infrastructure needs.
(You can read the full research report on Deere here >>>)
Shares of Marsh & McLennan have outperformed the Zacks Insurance - Brokerage industry over the past six months (+10.7% vs. +7.7%). The company is well-poised to grow on the back of acquisitions made within its operating units, the launch of new products and branching out into new businesses. Its increased stake in Marsh India will further buoy growth.
Revenues have been increasing thanks to a wide geographic presence and strong client retention. The Zacks analyst expects the top line to grow 4.6% year over year in 2023. The Risk and Insurance Services unit has been contributing to revenue growth for a while. MMC had around $4 billion left under authorization as of Mar 31, 2023.
However, high operating costs might weigh on the margins. A debt-laden balance sheet is a concern. Its valuation remains stretched at the current level. As such, the stock warrants a cautious stance.
(You can read the full research report on Marsh & McLennan here >>>)
Other noteworthy reports we are featuring today include Vertex Pharmaceuticals Incorporated (VRTX), Uber Technologies, Inc. (UBER) and Colgate-Palmolive Company (CL).
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
McDonald's (MCD) Rides On Robust Comps Growth & Digitization
Deere (DE) to Grow on Innovation & Improving End Markets
Rising Revenues Aid Marsh & McLennan (MMC) Amid High Expenses
Featured Reports
Vertex (VRTX) Cystic Fibrosis Sales Up, Non-CF Pipeline Solid
Vertex's cystic franchise (CF) sales are rising driven by Trikafta. The Zacks analyst likes its rapid progress of its non-CF pipeline with many late-stage projects having established proof of concept
Uber (UBER) Rides on Delivery Business Amid Rising Expenses
The Zacks analyst likes Uber's efforts to expand its Delivery operations in response to the surge in business. However, rising costs and expenses are concerning as they pose a threat to Uber's bottom
Robust Pet Unit & Pricing Plans Aids Colgate's (CL)
Per the Zacks analyst, Colgate has been gaining from strength in pet unit, revenue growth management and pricing actions. This led to Q1 organic sales growth of 10% for the 17th successive quarter.
F5 (FFIV) Rides on Shift to Subscription Based Services
Per the Zacks analyst, F5's focus on selling more subscription-based services is helping the company generate stable revenues and higher margins.
Partnerships Aid Affiliated Managers (AMG) Amid Cost Woes
Per the Zacks analyst, Affiliated Managers is poised to generate meaningful growth through new investments supported by a solid balance sheet. Yet, mounting costs might hurt bottom-line growth.
Omnicell (OMCL) Service Solutions Boost Sales amid Macro Woe
The Zacks analyst is impressed with the ongoing expansion of Omnicell's advanced services solutions contributing strongly to the topline. Yet, industry wide inflationary pressure impedes growth.
Core Labs (CLB) to Gain from Low Capital Expenditure Needs
The Zacks analyst likes Core Labs' low capital expenditure needs, which allows it to generate substantial free cash flows but is worried over the low dividend payout.
New Upgrades
Fortinet (FTNT) Rides on Product Strength, Marketing Efforts
Per the Zacks analyst, Fortinet is gaining from solid contributions of its growth-oriented products Security Fabric, cloud and SD-WAN. Increasing marketing efforts are also a positive.
Solid Leisure Demand & Travel Activity Aid MGM Resorts (MGM)
Per the Zacks analyst, increased business volume and travel activity along with COVID-related travel restrictions ease in Macau benefits MGM Resorts.
United Airlines (UAL) Rides on Upbeat Air Travel Demand
Rosy air-travel demand is driving United Airlines' top line. The Zacks analyst also finds the company's environment-friendly approach encouraging.
New Downgrades
Higher Input Costs, Weak Demand Ail Huntsman (HUN)
Per the Zacks analyst, higher raw material costs will weigh on margins in the company's Polyurethanes unit. Weaker demand in Europe and China will also hurt sales volumes.n
Soft Garden Segment Hurts Central Garden's (CENT) Sales
Per the Zacks analyst, softness in the Garden portfolio have made things tough for Central Garden & Pet Company. Garden segment sales fell 5% in the second quarter.
Macro Weakness, High Debt & Stiff Competition Ail TELUS (TU)
Per the Zacks analyst, Telus is being affected by macroeconomic uncertainties which are impacting client's spending decisions. Stiff competition and high debt load remain concerns
Top 5 ChatGPT Stocks Revealed
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.”
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
McDonald's Corporation (MCD) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report
Colgate-Palmolive Company (CL) : Free Stock Analysis Report
Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Product launches equipped with the latest technology to make farming automated will continue to provide Deere with an edge over its competitors. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read McDonald's (MCD) Rides On Robust Comps Growth & Digitization Deere (DE) to Grow on Innovation & Improving End Markets Rising Revenues Aid Marsh & McLennan (MMC) Amid High Expenses Featured Reports Vertex (VRTX) Cystic Fibrosis Sales Up, Non-CF Pipeline Solid Vertex's cystic franchise (CF) sales are rising driven by Trikafta. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation (MCD), Deere & Company (DE) and Marsh & McLennan Companies, Inc. (MMC).
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Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation (MCD), Deere & Company (DE) and Marsh & McLennan Companies, Inc. (MMC). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read McDonald's (MCD) Rides On Robust Comps Growth & Digitization Deere (DE) to Grow on Innovation & Improving End Markets Rising Revenues Aid Marsh & McLennan (MMC) Amid High Expenses Featured Reports Vertex (VRTX) Cystic Fibrosis Sales Up, Non-CF Pipeline Solid Vertex's cystic franchise (CF) sales are rising driven by Trikafta. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation (MCD), Deere & Company (DE) and Marsh & McLennan Companies, Inc. (MMC). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read McDonald's (MCD) Rides On Robust Comps Growth & Digitization Deere (DE) to Grow on Innovation & Improving End Markets Rising Revenues Aid Marsh & McLennan (MMC) Amid High Expenses Featured Reports Vertex (VRTX) Cystic Fibrosis Sales Up, Non-CF Pipeline Solid Vertex's cystic franchise (CF) sales are rising driven by Trikafta. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report To read this article on Zacks.com click here.
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United Airlines (UAL) Rides on Upbeat Air Travel Demand Rosy air-travel demand is driving United Airlines' top line. Today's Research Daily features new research reports on 16 major stocks, including McDonald's Corporation (MCD), Deere & Company (DE) and Marsh & McLennan Companies, Inc. (MMC). Shares of McDonald's have performed in-line with the Zacks Restaurants Industry in the year-to-date period (+12% vs. +12.5%), but have outperformed the S&P 500 index (+7.1%).
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2023-05-04 00:00:00 UTC
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Earnings Growth & Price Strength Make Deere (DE) a Stock to Watch
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DE
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https://www.nasdaq.com/articles/earnings-growth-price-strength-make-deere-de-a-stock-to-watch-0
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good 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.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then 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 76th-largest company in the S&P 500 Index with a market capitalization of around $113 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.
On July 25, 2017, DE was added to the Focus List at $126.55 per share. Shares have increased 202.03% to $382.22 since then, and the company is a #2 (Buy) on the Zacks Rank.
For fiscal 2023, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $30.46. DE boasts an average earnings surprise of 4.7%.
Moreover, analysts are expecting DE's earnings to grow 30.8% for the current fiscal year.
Reveal Winning Stocks
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 >>
Top 5 ChatGPT Stocks Revealed
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.”
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
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 service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
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All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
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5d62dcae-cd53-42c1-b18c-9d3ab85d3097
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720582.0
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2023-05-04 00:00:00 UTC
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How to Boost Your Portfolio with Top Industrial Products Stocks Set to Beat Earnings
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DE
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https://www.nasdaq.com/articles/how-to-boost-your-portfolio-with-top-industrial-products-stocks-set-to-beat-earnings-11
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
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.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
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?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Deere (DE) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $9.98 a share, just 15 days from its upcoming earnings release on May 19, 2023.
Deere's Earnings ESP sits at +17.29%, which, as explained above, is calculated by taking the percentage difference between the $9.98 Most Accurate Estimate and the Zacks Consensus Estimate of $8.51. DE is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DE is just one of a large group of Industrial Products stocks with a positive ESP figure. Eaton (ETN) is another qualifying stock you may want to consider.
Slated to report earnings on August 1, 2023, Eaton holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $2.08 a share 89 days from its next quarterly update.
For Eaton, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $2.05 is +1.39%.
Because both stocks hold a positive Earnings ESP, DE and ETN could potentially post earnings beats in their next reports.
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 >>
Top 5 ChatGPT Stocks Revealed
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.”
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
Eaton Corporation, PLC (ETN) : 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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Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa. And out of all of the metrics and results to consider, earnings is one of the most important. The percentage difference provides the ESP figure.
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Because both stocks hold a positive Earnings ESP, DE and ETN could potentially post earnings beats in their next reports. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report To read this article on Zacks.com click here. And out of all of the metrics and results to consider, earnings is one of the most important.
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The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb. And out of all of the metrics and results to consider, earnings is one of the most important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
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Deere (DE) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $9.98 a share, just 15 days from its upcoming earnings release on May 19, 2023. Because both stocks hold a positive Earnings ESP, DE and ETN could potentially post earnings beats in their next reports. And out of all of the metrics and results to consider, earnings is one of the most important.
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366e6ab1-d741-4d0e-91ca-b10eb380b518
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720583.0
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2023-05-03 00:00:00 UTC
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7 Best Dividend Stocks to Buy Now in May 2023
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DE
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https://www.nasdaq.com/articles/7-best-dividend-stocks-to-buy-now-in-may-2023
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nan
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Today, I provide my seven best dividend stocks to buy for the month of May. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Compound interest is the eighth wonder of the world, and dividends are a great way to accelerate your wealth. Two of my favorite dividend stocks on the list are Marvell Technology (NASDAQ: MRVL) and Deere & Company (NYSE: DE). To see the other five dividend stock picks and more information, please watch the video below.
*Stock prices used were the afternoon prices of May 3, 2023. The video was published on May 3, 2023.
10 stocks we like better than Marvell Technology
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Marvell Technology 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 May 1, 2023
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Eric Cuka has positions in Bank of America, Deere, Marvell Technology, and Tractor Supply. The Motley Fool has positions in and recommends Bank of America, Bristol-Myers Squibb, and Texas Roadhouse. The Motley Fool recommends Deere, Marvell Technology, Skyworks Solutions, and Tractor Supply. The Motley Fool has a disclosure policy.
Eric Cuka 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Two of my favorite dividend stocks on the list are Marvell Technology (NASDAQ: MRVL) and Deere & Company (NYSE: DE). Eric Cuka has positions in Bank of America, Deere, Marvell Technology, and Tractor Supply.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Eric Cuka has positions in Bank of America, Deere, Marvell Technology, and Tractor Supply. The Motley Fool recommends Deere, Marvell Technology, Skyworks Solutions, and Tractor Supply.
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Two of my favorite dividend stocks on the list are Marvell Technology (NASDAQ: MRVL) and Deere & Company (NYSE: DE). Today, I provide my seven best dividend stocks to buy for the month of May. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio.
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Eric Cuka has positions in Bank of America, Deere, Marvell Technology, and Tractor Supply. The Motley Fool recommends Deere, Marvell Technology, Skyworks Solutions, and Tractor Supply. Today, I provide my seven best dividend stocks to buy for the month of May.
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021c8f1b-9165-434b-a64a-cd0d53a44379
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720584.0
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2023-05-03 00:00:00 UTC
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Noteworthy Wednesday Option Activity: WYNN, REGN, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-wynn-regn-de
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (Symbol: WYNN), where a total of 13,548 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 64.6% of WYNN's average daily trading volume over the past month of 2.1 million shares. Especially high volume was seen for the $110 strike put option expiring May 05, 2023, with 2,711 contracts trading so far today, representing approximately 271,100 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange:
Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 2,936 contracts, representing approximately 293,600 underlying shares or approximately 63% of REGN's average daily trading volume over the past month, of 466,025 shares. Particularly high volume was seen for the $810 strike call option expiring May 05, 2023, with 154 contracts trading so far today, representing approximately 15,400 underlying shares of REGN. Below is a chart showing REGN's trailing twelve month trading history, with the $810 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 8,695 contracts thus far today. That number of contracts represents approximately 869,500 underlying shares, working out to a sizeable 51.4% of DE's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $435 strike call option expiring May 19, 2023, with 2,428 contracts trading so far today, representing approximately 242,800 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $435 strike highlighted in orange:
For the various different available expirations for WYNN options, REGN options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Bruce Berkowitz Stock Picks
Funds Holding CBIO
Institutional Holders of MBIN
The views and 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 $110 strike put option expiring May 05, 2023, with 2,711 contracts trading so far today, representing approximately 271,100 underlying shares of WYNN. Particularly high volume was seen for the $810 strike call option expiring May 05, 2023, with 154 contracts trading so far today, representing approximately 15,400 underlying shares of REGN. Particularly high volume was seen for the $435 strike call option expiring May 19, 2023, with 2,428 contracts trading so far today, representing approximately 242,800 underlying shares of DE.
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Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange: Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 2,936 contracts, representing approximately 293,600 underlying shares or approximately 63% of REGN's average daily trading volume over the past month, of 466,025 shares. Below is a chart showing REGN's trailing twelve month trading history, with the $810 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 8,695 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $435 strike highlighted in orange: For the various different available expirations for WYNN options, REGN options, or DE options, visit StockOptionsChannel.com.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (Symbol: WYNN), where a total of 13,548 contracts have traded so far, representing approximately 1.4 million underlying shares. Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange: Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 2,936 contracts, representing approximately 293,600 underlying shares or approximately 63% of REGN's average daily trading volume over the past month, of 466,025 shares. Below is a chart showing DE's trailing twelve month trading history, with the $435 strike highlighted in orange: For the various different available expirations for WYNN options, REGN options, or DE options, visit StockOptionsChannel.com.
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Especially high volume was seen for the $110 strike put option expiring May 05, 2023, with 2,711 contracts trading so far today, representing approximately 271,100 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange: Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 2,936 contracts, representing approximately 293,600 underlying shares or approximately 63% of REGN's average daily trading volume over the past month, of 466,025 shares. Particularly high volume was seen for the $435 strike call option expiring May 19, 2023, with 2,428 contracts trading so far today, representing approximately 242,800 underlying shares of DE.
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720585.0
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2023-05-02 00:00:00 UTC
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Deere (NYSE:DE): An Under-the-Radar AI and Robotics Stock
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DE
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https://www.nasdaq.com/articles/deere-nyse%3Ade%3A-an-under-the-radar-ai-and-robotics-stock
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nan
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Investors think of Deere (NYSE:DE) as a classic company from America’s heartland, but it’s also an under-the-radar robotics and artificial intelligence (AI) stock. This might sound surprising, but you don’t have to take my word for it -- it’s a top 10 holding in Cathie Wood’s ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), just above higher-profile stocks that are synonymous with AI like Nvidia (NASDAQ:NVDA) and Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL).
Best of all, Deere is not just an under-the-radar high-tech robotics and AI stock; it’s one that's trading at a very palatable valuation as the market doesn’t yet seem to appreciate this aspect of the company. Here’s why Deere stock looks like a compelling long-term investment.
Robots on the Farm
Believe it or not, Deere is a 186-year-old company, but this doesn’t mean that you can’t teach an old dog new tricks. Today, Deere is on the cutting edge of technologies like robotics and autonomous vehicles.
Deere is the worldwide leader in agricultural machinery -- it's well known for its iconic green tractors, as well as other agricultural equipment. You may have even seen Deere's ride-on lawnmowers. It also serves the construction and forestry end markets with products like bulldozers, excavators, and timber-harvesting equipment. Many industries are becoming more automated with advances in robotics and artificial intelligence, and Deere’s end markets are no different.
It’s not merely all bells and whistles or an effort by Deere to shoehorn some hot buzzwords into its marketing material. The global population is growing, recently surpassing 8 billion, meaning that the world’s farmers will need to produce more food than ever before to sustain this growing population. Deere’s increasingly high-tech robotic and autonomous equipment helps farmers operate more efficiently by reducing operational costs, cutting down on waste, reducing the need for labor, and boosting crop yields.
Examples include Deere’s See & Spray technology, which utilizes high-resolution cameras and image recognition to recognize the difference between weeds and cultivated plants so that it can spray herbicide on the weeds only, thus reducing the use of chemicals and reducing costs for farmers.
Meanwhile, the company’s new ExactShot technology cuts down on waste (and cost) by reducing the use of fertilizer, spraying individual seeds with fertilizer as opposed to just spraying an entire row of them.
In 2022, Deere unveiled fully autonomous self-driving tractors at CNET’s CES 2022. Deere’s autonomous product portfolio also includes autonomous sprayers and autonomous drone sprayers. All of these products help farmers to work more efficiently and to do more than less.
Deere has also been busy acquiring a number of AI and robotic startups in recent years, ranging from its $305 million acquisition of Silicon Valley firm Blue River Technology in 2017 to smaller deals like its 2021 acquisition of Silicon Valley AgTech startup Bear Flag Robotics and its March 2023 acquisition of SparkAI.
Bargain-Bin Valuation
Despite these impressive advances, Deere stock trades fairly cheaply. Shares trade at just 14.4 times earnings, a steep discount to the broader market, where the average multiple for the S&P 500 (SPX) is about 24. Shares are even cheaper on a forward basis, trading at 12.6 times forward earnings.
Stocks like Deere and Caterpillar (NYSE:CAT) are trading at lower valuations right now because there is a lot of uncertainty in the global economy, particularly in capital-intensive sectors like agriculture and construction, which are the key end markets for Deere, but this much of a discount seems way too cheap.
Furthermore, Deere had a median price-to-earnings ratio of 20.5 times earnings from Fiscal 2018 to 2022, so in addition to being attractive compared to the S&P 500, the stock is also cheap compared to its own historical standards.
Is DE Stock a Buy, According to Analysts?
Analysts also see the value in shares of Deere. The stock enjoys a Moderate Buy consensus rating from analysts, and the average DE stock price target of $470.15 represents upside potential of 25.1%. Of the 14 analysts covering Deere, nine have a Buy rating on it, and five have a Hold rating.
Additionally, Deere features a favorable 8 out of 10 Smart Score. The Smart Score is TipRanks’ proprietary quantitative stock scoring system that evaluates stocks on eight different key market factors. The result is data-driven and does not require any human intervention. A Smart Score of 8 or better is equivalent to an Outperform rating.
Looking Ahead
At a time when the market is hungry for all things AI and robotics, Deere is quietly a leader in these fields and is utilizing these technologies to help the world’s farmers become more productive and efficient. While many tech companies and stocks associated with robotics or AI trade at sky-high valuations or aren’t even profitable, Deere is profitable and trades at a very modest valuation.
I believe that as Deere’s recognition as a leader in AI, robotics, and automation technology grows, the market will appreciate the stock more and give it a higher multiple.
Additionally, while a yield of 1.3% doesn’t quite make Deere a stock that dividend investors will get excited about, it is comforting to know that the company has paid an annual dividend for 33 consecutive years.
Based on these factors, plus Deere’s favorable analyst ratings and Smart Score, I believe the stock looks promising for the long term.
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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Investors think of Deere (NYSE:DE) as a classic company from America’s heartland, but it’s also an under-the-radar robotics and artificial intelligence (AI) stock. Best of all, Deere is not just an under-the-radar high-tech robotics and AI stock; it’s one that's trading at a very palatable valuation as the market doesn’t yet seem to appreciate this aspect of the company. Looking Ahead At a time when the market is hungry for all things AI and robotics, Deere is quietly a leader in these fields and is utilizing these technologies to help the world’s farmers become more productive and efficient.
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Investors think of Deere (NYSE:DE) as a classic company from America’s heartland, but it’s also an under-the-radar robotics and artificial intelligence (AI) stock. Deere’s increasingly high-tech robotic and autonomous equipment helps farmers operate more efficiently by reducing operational costs, cutting down on waste, reducing the need for labor, and boosting crop yields. I believe that as Deere’s recognition as a leader in AI, robotics, and automation technology grows, the market will appreciate the stock more and give it a higher multiple.
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Best of all, Deere is not just an under-the-radar high-tech robotics and AI stock; it’s one that's trading at a very palatable valuation as the market doesn’t yet seem to appreciate this aspect of the company. Stocks like Deere and Caterpillar (NYSE:CAT) are trading at lower valuations right now because there is a lot of uncertainty in the global economy, particularly in capital-intensive sectors like agriculture and construction, which are the key end markets for Deere, but this much of a discount seems way too cheap. While many tech companies and stocks associated with robotics or AI trade at sky-high valuations or aren’t even profitable, Deere is profitable and trades at a very modest valuation.
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Best of all, Deere is not just an under-the-radar high-tech robotics and AI stock; it’s one that's trading at a very palatable valuation as the market doesn’t yet seem to appreciate this aspect of the company. I believe that as Deere’s recognition as a leader in AI, robotics, and automation technology grows, the market will appreciate the stock more and give it a higher multiple. Based on these factors, plus Deere’s favorable analyst ratings and Smart Score, I believe the stock looks promising for the long term.
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2023-05-02 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-14
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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114e614a-2d25-466f-8c46-0c9980a6753c
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720587.0
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2023-05-01 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-7
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nan
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nan
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Deere (DE) closed at $382.12 in the latest trading session, marking a +1.08% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Coming into today, shares of the agricultural equipment manufacturer had lost 8.44% in the past month. In that same time, the Industrial Products sector gained 1.53%, while the S&P 500 gained 5.1%.
Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. This is expected to be May 19, 2023. In that report, analysts expect Deere to post earnings of $8.51 per share. This would mark year-over-year growth of 24.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.78 billion, up 22.84% from the year-ago period.
DE's full-year Zacks Consensus Estimates are calling for earnings of $30.46 per share and revenue of $54.94 billion. These results would represent year-over-year changes of +30.84% and +14.66%, respectively.
Any recent changes to analyst estimates for Deere should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. Deere is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Deere is currently trading at a Forward P/E ratio of 12.41. For comparison, its industry has an average Forward P/E of 12.58, which means Deere is trading at a discount to the group.
We can also see that DE currently has a PEG ratio of 1.01. 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 0.97 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 119, putting it in the top 48% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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 $382.12 in the latest trading session, marking a +1.08% move from the prior day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date.
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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. 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 $382.12 in the latest trading session, marking a +1.08% move from the prior day.
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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 $382.12 in the latest trading session, marking a +1.08% move from the prior day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
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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. Deere (DE) closed at $382.12 in the latest trading session, marking a +1.08% move from the prior day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
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5a1f8352-7d3c-447b-8214-bf57c3f31c3c
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720588.0
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2023-05-01 00:00:00 UTC
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Why Deere (DE) Could Beat Earnings Estimates Again
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DE
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https://www.nasdaq.com/articles/why-deere-de-could-beat-earnings-estimates-again
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry.
This agricultural equipment manufacturer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 11.76%.
For the most recent quarter, Deere was expected to post earnings of $5.53 per share, but it reported $6.55 per share instead, representing a surprise of 18.44%. For the previous quarter, the consensus estimate was $7.08 per share, while it actually produced $7.44 per share, a surprise of 5.08%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Deere. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Deere currently has an Earnings ESP of +17.29%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on May 19, 2023.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. For the most recent quarter, Deere was expected to post earnings of $5.53 per share, but it reported $6.55 per share instead, representing a surprise of 18.44%.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. For the most recent quarter, Deere was expected to post earnings of $5.53 per share, but it reported $6.55 per share instead, representing a surprise of 18.44%.
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It is worth considering Deere (DE), which belongs to the Zacks Manufacturing - Farm Equipment industry. For the most recent quarter, Deere was expected to post earnings of $5.53 per share, but it reported $6.55 per share instead, representing a surprise of 18.44%. Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for Deere.
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22ecf567-ce00-4c75-8e21-64734f30fdb6
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720589.0
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2023-04-29 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-13
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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cb688ffd-72c6-4400-a52f-caa7ecce70b3
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720590.0
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2023-04-27 00:00:00 UTC
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Industrial ETFs: From the Ground to Space
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https://www.nasdaq.com/articles/industrial-etfs%3A-from-the-ground-to-space
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nan
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nan
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While I’ve recently discussed what is driving outperformance in the consumer discretionary sector and the communications sector, the industrial sector has recently looked more interesting. This past week, aerospace and defense companies like Raytheon Technologies (RTX) and Lockheed Martin (LMT) have beat on earnings results with better-than-expected revenues which they attribute to higher air travel demand, defense systems demand, and easing of supply chains. While Raytheon and Lockheed Martin are some of the largest companies within the industrials sector. The sector is much more diversified than just aerospace and defense companies. The industrial sector also includes companies involved in manufacturing, construction, transportation, and machinery which are often large-cap stocks and leading indicators for the economy. This note takes a look at some of the largest industrial ETFs, what’s inside, and other thematic alternatives for investors.
The industrials sector can look substantially different depending on what ETF you use. The largest and most popular industrial ETF is the Industrial Select Sector SPDR Fund (XLI) which has $13.2 billion in assets — more than 3.5x its closest peer. Out of its peers, there is a significant difference between XLI and the iShares U.S. Industrials ETF (IYJ) due to XLI following an index that uses the Global Industry Classification Standard (GICS) system and IYJ following an index that uses the Industry Classification Benchmark (ICB) system. Because many investors are accustomed to the GICS sector system, IYJ may be broader and more diversified than investors would expect. Here are some of the main differences between the two ETFs:
For XLI, about 20.7% of the total ETF is aerospace and defense companies including Raytheon and Lockheed Martin, in addition to Boeing (BA) and Northrop Grumman (NOC). These companies often benefit from government support and long-term contracts. Approximately 20.3% of the ETF is machinery companies like Caterpillar (CAT), Deere & Co (DE), Paccar (PCAR), and Cummins (CMI) which manufacture construction, agricultural, and freight machinery and vehicles. 17.1% of the ETF includes ground transportation, airfreight, and logistics companies. Railroad companies like Union Pacific (UNP) haul industrial goods (chemicals, metals, constructions, etc.), bulk (coal, grain, etc.), and premium shipments (auto, consumer goods), while parcel delivery companies like UPS and FDX haul mostly consumer goods. These industries are also found in IYJ — the only industry found in XLI that is not in IYJ is the passenger airlines industry, which is only 2.3% of the ETF weight. In ICB methodology, airline companies are actually considered to be consumer discretionary stocks which is why they are not included in IYJ.
While IYJ’s top holdings are very similar to XLI’s, the differences can be surprising. If you translate IYJ’s holdings into GICS sectors, the ETF is only 63% industrials, with 23.2% weight in financial, 6.1% in information technology, and 6.0% in materials. But if you further divide that into GICS Industries, the ETF has its largest industry allocation to financial services companies (20.3% of the ETF’s weight). Many of these financial companies are in its top holdings including Visa (V) and Mastercard (MA) with over 14% of the total ETF weight. Its second largest industry is machinery (14.2%), and aerospace & defense is only its third largest industry (13.7%). Unlike XLI, IYJ also has exposure to IT services companies like Accenture (ACN), consumer finance companies, and chemical companies.
Since the GICS industrial sector’s largest industry exposure is the aerospace & defense industry, many investors may want more focused exposure to this particular industry rather than be exposed to areas like transportation companies (which are largely driven by consumer spending) or fintech companies (which probably don’t fit into many people’s definitions of an industrials stock). The top ETF in this industry is the iShares U.S. Aerospace & Defense ETF (ITA) which has almost as many assets as all of XLI’s peers listed in the first table. Out of sector equity ETFs, ITA has the largest ETF inflows YTD after the Financial Select Sector SPDR Fund (XLF) and the Communication Services Select Sector SPDR Fund (XLC). ITA and other aerospace & defense ETFs like PPA and XAR have actually outperformed broader industrials ETFs YTD. Some investors may also seek thematic funds that are adjacent to the aerospace & defense industry including the ARK Space Exploration & Innovation ETF (ARKX) and the Procure Space ETF (UFO). UFO, for example, holds many of the aerospace & defense companies like Boeing and Northrop Grumman in addition to satellite/communications companies like Iridium Communications (IRDM) and Viasat (VSAT). For more details on UFO, see this recent note.
For more news, information, and analysis, visit the Disruptive Technology Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This past week, aerospace and defense companies like Raytheon Technologies (RTX) and Lockheed Martin (LMT) have beat on earnings results with better-than-expected revenues which they attribute to higher air travel demand, defense systems demand, and easing of supply chains. The industrial sector also includes companies involved in manufacturing, construction, transportation, and machinery which are often large-cap stocks and leading indicators for the economy. The sector is much more diversified than just aerospace and defense companies.
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Here are some of the main differences between the two ETFs: For XLI, about 20.7% of the total ETF is aerospace and defense companies including Raytheon and Lockheed Martin, in addition to Boeing (BA) and Northrop Grumman (NOC). Since the GICS industrial sector’s largest industry exposure is the aerospace & defense industry, many investors may want more focused exposure to this particular industry rather than be exposed to areas like transportation companies (which are largely driven by consumer spending) or fintech companies (which probably don’t fit into many people’s definitions of an industrials stock). This past week, aerospace and defense companies like Raytheon Technologies (RTX) and Lockheed Martin (LMT) have beat on earnings results with better-than-expected revenues which they attribute to higher air travel demand, defense systems demand, and easing of supply chains.
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Out of its peers, there is a significant difference between XLI and the iShares U.S. Industrials ETF (IYJ) due to XLI following an index that uses the Global Industry Classification Standard (GICS) system and IYJ following an index that uses the Industry Classification Benchmark (ICB) system. But if you further divide that into GICS Industries, the ETF has its largest industry allocation to financial services companies (20.3% of the ETF’s weight). Since the GICS industrial sector’s largest industry exposure is the aerospace & defense industry, many investors may want more focused exposure to this particular industry rather than be exposed to areas like transportation companies (which are largely driven by consumer spending) or fintech companies (which probably don’t fit into many people’s definitions of an industrials stock).
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The sector is much more diversified than just aerospace and defense companies. Its second largest industry is machinery (14.2%), and aerospace & defense is only its third largest industry (13.7%). This past week, aerospace and defense companies like Raytheon Technologies (RTX) and Lockheed Martin (LMT) have beat on earnings results with better-than-expected revenues which they attribute to higher air travel demand, defense systems demand, and easing of supply chains.
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720591.0
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2023-04-25 00:00:00 UTC
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The 3 Must-Watch Agritech Stocks for 2023
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https://www.nasdaq.com/articles/the-3-must-watch-agritech-stocks-for-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The global agritech market was estimated to be worth $19.5 billion in 2021, according to research consulting firm Spherical Insights. It’s expected to grow to $46.4 billion by 2030, a compound annual growth rate of 17.3%. This growth potential is a big reason agritech stocks have become popular with investors in recent years.
Yet, agritech stocks haven’t performed well in 2023. This is surprising when you consider the underlying companies are generating significant sales and profit growth. Given this and the ever-growing demand for food and higher crop yields, this could change.
“The worldwide agritech market is expected to experience strong revenue growth due to active government support for technological advancements in… the production of digital content and AI specialty,” Spherical Insights notes. “The most obvious technological development in agriculture has been the transition from manually operated tools like shovels and hulls made of wood to partially automated and now fully digitalized technologies that use satellite photography, blockchain, artificial intelligence, and big data as well as drones and other internet of things sensors.”
There are a number of exchange-traded funds focused on agritech companies, including the Global X AgTech & Food Innovation ETF (NASDAQ:KROP), which tracks the performance of the Solactive AgTech & Food Innovation Index.
For today’s list of the top agritech stocks to buy, I’ve selected three names from this fund due to its focus on technology.
TITN Titan Machinery $31.14
CTVA Corteva $60.53
DE Deere & Co. $379.48
Titan Machinery (TITN)
Source: Shutterstock
Titan Machinery (NASDAQ:TITN) is the ninth-largest holding of KROP with a 4.9% weighting. Founded in 1980, Titan runs a network of full-service agricultural and construction equipment stores. It currently has 74 stores in the U.S. and 35 in Europe. It represents various brands under the CNH Industrial (NYSE:CNHI) umbrella, including Case and New Holland.
The retailer’s dealerships are located in several states, including Minnesota. While there isn’t one in Fertile, Minnesota, my grandfather’s birthplace, there are three within a 30-minute drive. We’re talking about America’s breadbasket. The need for equipment will not go away in this part of the country.
In 2023, Titan Machinery generated revenue of $2.2 billion, up 29%, and record adjusted earnings per share of $4.52, up 52%.
“Our Agriculture segment was the standout performer with strong operational execution which benefited from high demand levels that are being supported by a favorable farm economy,” stated Chief Executive Officer (CEO) David Meyer in the accompanying press release.
TITN stock currently trades at just 0.3 times sales and less than 7 times trailing earnings. With shares down 22% year to date, they are inexpensive relative to potential growth.
Corteva (CTVA)
Source: Jonathan Weiss / Shutterstock
Corteva (NYSE:CTVA) is one of this country’s leading agritech companies and the second-largest holding of KROP with a 13.1% weighting. Corteva was one of the three companies created from the breakup of DowDuPont in 2019. DowDuPont shareholders got one share of CTVA stock in June 2019 for every three shares held in the parent. CTVA stock has more than doubled since the separation, although it has stalled recently, up just 3.3% year to date.
Corteva is a pure-play agriculture company, providing seed and crop protection solutions for farmers and other growers. The company has more than 10 million customers in 140 countries worldwide.
In 2022, Corteva generated $17.9 billion in organic sales, up 15%, with operating EBITDA of $3.2 billion, up 25% and representing nearly 18% margin. All of its geographic regions saw double-digit organic growth in 2022 with the exception of the Asia/Pacific region, which saw sales improve by 9%.
The company spent $1.22 billion in research and development in 2022, up from $1.19 billion in 2021. That’s a healthy 6.8% of its overall revenue.
CTVA’s earnings yield of 2.7% is much closer to the low end of its range since going public in 2019 than the high end. It’s not cheap, but quality companies never are.
Deere & Co. (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Co. (NYSE:DE) is the most recognizable name on this list of agritech stocks to buy and the 1oth-largest holding of KROP with a 4.4% weighting.
The provider of agricultural, construction, forestry machinery and related technology and services delivered healthy growth in 2022. Sales rose 19.4% to $52.6 billion with a 19.6% increase in net earnings to $7.1 billion. Yet, Deere’s share price is down nearly 11.5% YTD and 6% over the past 52 weeks.
Despite its underperformance, analysts tend to like the stock. Of the 27 covering it, 19 rate it “overweight” or “buy,” with a median target price of $484, which is 28% higher than where it’s currently trading.
In late March, Daiwa analyst Jairam Nathan initiated coverage of Deere stock with a “buy” rating and a $440 target price. According to Barron’s reporting, the analyst believes that the agriculture equipment maker will likely benefit from the digitization of agriculture. Between selling smart apps to help farmers “save money on seeds and fertilizers by tailoring applications based on more precise measurement of nutrient levels and soil quality” to its push into autonomous, self-driving combines and tractors, Deere is delivering agritech innovation that is likely to become indispensable to its customers.
Interestingly, as Deere’s revenue and profits have increased over the past three years, its valuation multiples haven’t. In 2020, it traded at 31 times earnings. Today, that’s down to 14.4. In terms of sales, it trades at 2.2 times sales, 27 basis points less than in 2020.
Buy shares today and you’ll be pleased in five to 10 years.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post The 3 Must-Watch Agritech Stocks for 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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“The worldwide agritech market is expected to experience strong revenue growth due to active government support for technological advancements in… the production of digital content and AI specialty,” Spherical Insights notes. “The most obvious technological development in agriculture has been the transition from manually operated tools like shovels and hulls made of wood to partially automated and now fully digitalized technologies that use satellite photography, blockchain, artificial intelligence, and big data as well as drones and other internet of things sensors.” There are a number of exchange-traded funds focused on agritech companies, including the Global X AgTech & Food Innovation ETF (NASDAQ:KROP), which tracks the performance of the Solactive AgTech & Food Innovation Index. Between selling smart apps to help farmers “save money on seeds and fertilizers by tailoring applications based on more precise measurement of nutrient levels and soil quality” to its push into autonomous, self-driving combines and tractors, Deere is delivering agritech innovation that is likely to become indispensable to its customers.
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“The worldwide agritech market is expected to experience strong revenue growth due to active government support for technological advancements in… the production of digital content and AI specialty,” Spherical Insights notes. “The most obvious technological development in agriculture has been the transition from manually operated tools like shovels and hulls made of wood to partially automated and now fully digitalized technologies that use satellite photography, blockchain, artificial intelligence, and big data as well as drones and other internet of things sensors.” There are a number of exchange-traded funds focused on agritech companies, including the Global X AgTech & Food Innovation ETF (NASDAQ:KROP), which tracks the performance of the Solactive AgTech & Food Innovation Index. TITN Titan Machinery $31.14 CTVA Corteva $60.53 DE Deere & Co. $379.48 Titan Machinery (TITN) Source: Shutterstock Titan Machinery (NASDAQ:TITN) is the ninth-largest holding of KROP with a 4.9% weighting.
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“The most obvious technological development in agriculture has been the transition from manually operated tools like shovels and hulls made of wood to partially automated and now fully digitalized technologies that use satellite photography, blockchain, artificial intelligence, and big data as well as drones and other internet of things sensors.” There are a number of exchange-traded funds focused on agritech companies, including the Global X AgTech & Food Innovation ETF (NASDAQ:KROP), which tracks the performance of the Solactive AgTech & Food Innovation Index. TITN Titan Machinery $31.14 CTVA Corteva $60.53 DE Deere & Co. $379.48 Titan Machinery (TITN) Source: Shutterstock Titan Machinery (NASDAQ:TITN) is the ninth-largest holding of KROP with a 4.9% weighting. This is surprising when you consider the underlying companies are generating significant sales and profit growth.
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This is surprising when you consider the underlying companies are generating significant sales and profit growth. Given this and the ever-growing demand for food and higher crop yields, this could change. “The worldwide agritech market is expected to experience strong revenue growth due to active government support for technological advancements in… the production of digital content and AI specialty,” Spherical Insights notes.
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6eee5602-3156-4e81-bcf4-02fe0f88cddf
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720592.0
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2023-04-25 00:00:00 UTC
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EXI, DE, GE, NOC: Large Inflows Detected at ETF
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DE
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https://www.nasdaq.com/articles/exi-de-ge-noc%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $92.3 million dollar inflow -- that's a 27.1% increase week over week in outstanding units (from 2,950,000 to 3,750,000). Among the largest underlying components of EXI, in trading today Deere & Co. (Symbol: DE) is off about 1%, General Electric Co (Symbol: GE) is off about 1.4%, and Northrop Grumman Corp (Symbol: NOC) is lower by about 0.6%. For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average:
Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $115.53 as the 52 week high point — that compares with a last trade of $114.58. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Funds Holding RXO
CNK Insider Buying
TBPH shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Funds Holding RXO CNK Insider Buying TBPH shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average: Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $115.53 as the 52 week high point — that compares with a last trade of $114.58. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Click here to find out which 9 other ETFs had notable inflows » Also see: Funds Holding RXO CNK Insider Buying TBPH shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $92.3 million dollar inflow -- that's a 27.1% increase week over week in outstanding units (from 2,950,000 to 3,750,000). For a complete list of holdings, visit the EXI Holdings page » The chart below shows the one year price performance of EXI, versus its 200 day moving average: Looking at the chart above, EXI's low point in its 52 week range is $89.52 per share, with $115.53 as the 52 week high point — that compares with a last trade of $114.58. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Industrials ETF (Symbol: EXI) where we have detected an approximate $92.3 million dollar inflow -- that's a 27.1% increase week over week in outstanding units (from 2,950,000 to 3,750,000). Among the largest underlying components of EXI, in trading today Deere & Co. (Symbol: DE) is off about 1%, General Electric Co (Symbol: GE) is off about 1.4%, and Northrop Grumman Corp (Symbol: NOC) is lower by about 0.6%. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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f5278628-4c72-470f-9af6-66395383c9d3
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720593.0
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2023-04-25 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-12
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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91ce3130-35bf-40f8-a56e-b0bef4f2c4dc
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720594.0
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2023-04-24 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-3
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nan
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nan
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Deere (DE) closed the most recent trading day at $388.04, moving +0.35% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
Heading into today, shares of the agricultural equipment manufacturer had gained 0.05% over the past month, lagging the Industrial Products sector's gain of 0.41% and the S&P 500's gain of 3.31% in that time.
Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. This is expected to be May 19, 2023. The company is expected to report EPS of $8.51, up 24.96% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.78 billion, up 22.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $30.46 per share and revenue of $54.94 billion. These totals would mark changes of +30.84% and +14.66%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% higher. Deere is currently a Zacks Rank #2 (Buy).
Digging into valuation, Deere currently has a Forward P/E ratio of 12.69. This valuation marks a premium compared to its industry's average Forward P/E of 12.66.
Meanwhile, DE's PEG ratio is currently 1.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 1.01 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Deere (DE) closed the most recent trading day at $388.04, moving +0.35% from the previous trading session. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed the most recent trading day at $388.04, moving +0.35% from the previous trading session. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
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Deere (DE) closed the most recent trading day at $388.04, moving +0.35% from the previous trading session. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date.
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Deere (DE) closed the most recent trading day at $388.04, moving +0.35% from the previous trading session. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date.
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0c16ec5f-95a0-49d2-85a1-f978233ee99c
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720595.0
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2023-04-24 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-1
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nan
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nan
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Deere (DE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this agricultural equipment manufacturer have returned +0.1%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has lost 3.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
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.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Deere is expected to post earnings of $8.51 per share, indicating a change of +25% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.2% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $30.46 points to a change of +30.8% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $31.56 indicates a change of +3.6% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Deere.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Deere, the consensus sales estimate of $14.78 billion for the current quarter points to a year-over-year change of +22.8%. The $54.94 billion and $55.62 billion estimates for the current and next fiscal years indicate changes of +14.7% and +1.2%, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $6.55 for the same period compares with $2.92 a year ago.
Compared to the Zacks Consensus Estimate of $11.31 billion, the reported revenues represent a surprise of +0.84%. The EPS surprise was +18.44%.
Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
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 #2 does suggest that it may outperform 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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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. 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) has been one of the most searched-for stocks on Zacks.com lately.
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Last Reported Results and Surprise History Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) has been one of the most searched-for stocks on Zacks.com lately.
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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) has been one of the most searched-for stocks on Zacks.com lately. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has lost 3.8%.
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For the next fiscal year, the consensus earnings estimate of $31.56 indicates a change of +3.6% from what Deere is expected to report a year ago. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Deere. Deere (DE) has been one of the most searched-for stocks on Zacks.com lately.
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c758520c-71d3-4daa-bc55-979c1b631628
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720596.0
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2023-04-24 00:00:00 UTC
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Want Better Returns? Don?t Ignore These 2 Industrial Products Stocks Set to Beat Earnings
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DE
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https://www.nasdaq.com/articles/want-better-returns-dont-ignore-these-2-industrial-products-stocks-set-to-beat-earnings-3
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nan
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nan
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Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
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.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider A.O. Smith?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. A.O. Smith (AOS) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.85 a share, just three days from its upcoming earnings release on April 27, 2023.
A.O. Smith's Earnings ESP sits at +10.19%, which, as explained above, is calculated by taking the percentage difference between the $0.85 Most Accurate Estimate and the Zacks Consensus Estimate of $0.77. AOS is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AOS is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Deere (DE) as well.
Deere, which is readying to report earnings on May 19, 2023, sits at a Zacks Rank #2 (Buy) right now. It's Most Accurate Estimate is currently $9.10 a share, and DE is 25 days out from its next earnings report.
Deere's Earnings ESP figure currently stands at +6.94% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $8.51.
Because both stocks hold a positive Earnings ESP, AOS and DE could potentially post earnings beats in their next reports.
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 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
A. O. Smith Corporation (AOS) : 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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Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. AOS is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Deere (DE) as well. 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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Deere's Earnings ESP figure currently stands at +6.94% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $8.51. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward.
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Because both stocks hold a positive Earnings ESP, AOS and DE could potentially post earnings beats in their next reports. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
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It's Most Accurate Estimate is currently $9.10 a share, and DE is 25 days out from its next earnings report. Because both stocks hold a positive Earnings ESP, AOS and DE could potentially post earnings beats in their next reports. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward.
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5c4c83b0-c18e-46ed-a7bd-de4b52ef3c60
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720597.0
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2023-04-22 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-11
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links 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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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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32a589b5-943d-4b39-9179-3bc9a55c5f58
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720598.0
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2023-04-21 00:00:00 UTC
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Wall Street Analysts See Deere (DE) as a Buy: Should You Invest?
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DE
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https://www.nasdaq.com/articles/wall-street-analysts-see-deere-de-as-a-buy%3A-should-you-invest
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nan
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nan
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Deere (DE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.74 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 12 are Strong Buy, representing 63.2% of all recommendations.
Brokerage Recommendation Trends for DE
Check price target & stock forecast for Deere here>>>
The ABR suggests buying Deere, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is DE Worth Investing In?
Looking at the earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has increased 0% over the past month to $30.46.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors.
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 addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock.
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Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock.
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Brokerage Recommendation Trends for DE Looking at the earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has increased 0% over the past month to $30.46. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock.
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e7a68b18-22f8-4232-aaae-7dd4642b2ba9
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720599.0
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2023-04-20 00:00:00 UTC
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1 Dividend Stock to Buy Hand Over Fist, According to Wall Street
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DE
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https://www.nasdaq.com/articles/1-dividend-stock-to-buy-hand-over-fist-according-to-wall-street
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nan
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nan
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Passive income investors have an excellent opportunity with this dividend stock. According to Wall Street, this dividend stock is worth much more than its selling price.
*Stock prices used were the afternoon prices of April 17, 2023. The video was published on April 19, 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 April 10, 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. Passive income investors have an excellent opportunity with this dividend stock. According to Wall Street, this dividend stock is worth much more than its selling price.
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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. Passive income investors have an excellent opportunity with this dividend stock.
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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. Passive income investors have an excellent opportunity with this dividend stock.
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* They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! The Motley Fool recommends Deere. Passive income investors have an excellent opportunity with this dividend stock.
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d9c0c336-d6eb-4cbd-bf6c-02028b253169
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