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720900.0
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2022-12-30 00:00:00 UTC
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What Tech Investors Can Expect to See at CES 2023
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DE
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https://www.nasdaq.com/articles/what-tech-investors-can-expect-to-see-at-ces-2023
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nan
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nan
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T
he year 2022 has been a difficult one for investors as they’ve had to contend with a variety of evolving landscapes, such as the Russia-Ukraine war, inflation, rising interest rates, concerns of a global economic contraction and ongoing supply chain issues. As we prepare to shut the door and walk into 2023, several of those concerns remain in play.
Despite recent Purchasing Manager’s Index (PMI) data published by S&P Global and the Institute for Supply Management pointing to an economic contraction, consensus earnings expectations for the S&P 500 still point to year-over-year growth ahead for 2022. Next week brings a bevy of economic data that should bring more answers on the pace of the economy and prospects for earnings season.
The new year will also bring CES 2023, the largest trade show, and this will likely be a huge focus for tech investors during January 5 to 8.
What is CES?
CES, formerly known as the Consumer Electronics Show, is an annual trade show organized by the Consumer Technology Association, a trade association that represents more than 1,500 consumer technology companies. Held early January, CES is a showcase of forthcoming technologies and applications that expand the digital lifestyle.
This includes a bevy of new TVs, PCs, smartphones, wearables and other connected devices targeted for in-store shelves and digital shopping later in the year, usually in time for the year-end holiday shopping season. This bonanza of new product announcements is usually accompanied by a barrage of press releases laying out the new capabilities of these devices, but some companies also hold investor and product briefings during the event. And there is no shortage of stories written about the event and what is announced there – more than 177,000 related stories were produced during CES 2022.
While many will focus on these new offerings, others will also pay close attention to the various keynotes given during the trade show. With chips and technologies seeping into more aspects of our daily lives, the kinds of companies participating in CES’s keynotes have expanded in the last few years to include technology companies such as IBM (IBM), AMD (AMD), Nvidia (NVDA) and Samsung (SSNLF) but also General Motors (GM), Verizon (VZ), Abbott Labs (ABT) and Unilever (UL).
With listed topics ranging from 5G, artificial intelligence, augmented and virtual reality, digital health, food technology, robotics and drones as well as smart cities, vehicle technologies and the metaverse, the array of companies giving keynotes continues to expand. A look at the keynote speaker list for CES 2023 sees AMD returning joined by BMW (BMWYY), John Deere (DE), Delta Air Lines (DAL), Netflix (NFLX), Instacart, Riot Games, Stellantis (STLA), United Healthcare (UNH) and Teladoc (TDOC). Featured exhibitors include Amazon (AMZN), Google (GOOGL), LG, Microsoft (MSFT) and Sony (SONY), and investors can find the full list at the CES 2023 Exhibitor Directory here.
How will CES 2023 be different?
While we expect the keynotes to touch on forthcoming disruptions like how the underlying technology will further improve productivity and the quality of our lives, there could be a more sober tone at this year's CES. Recently, memory and computer storage chip company Micron (MU) reported its latest quarterly earnings where it served up the latest warning for the chip sector that has been plagued by supply chain woes and bloated inventories.
Micron commented the industry is “experiencing the most severe imbalance between supply and demand” in the last 13 years and expects its customer inventory to return to relatively healthy levels by mid-calendar 2023. The current market environment, however, has Micron thinking industry profitability will remain challenged through calendar 2023, likely due to inventory reduction efforts that will hit margins and bottom-line results.
One area that Micron called out is the PC market, as it now sees unit volumes for 2022 falling in the high-teens percentage and with low-to mid-single-digit declines to follow in 2023. Calendar 2022 smartphone unit volume is expected to decline 10% year-over-year versus compared to Micron’s prior high single-digit percentage decline forecast and the company sees calendar year 2023 smartphone unit volume being flattish to up slightly on a year-over-year basis.
Despite all the talk in recent quarters over semiconductor shortages, those expected declines are poised to free up semiconductor capacity, which explains why Micron cut its 2023 and 2024 capital spending for new semiconductor capital equipment. Micron now sees its 2023 capex budget between $7-7.5 billion, 40% lower than in 2022 and down from its earlier forecast of $8 billion. While the company didn’t share any particular figure for 2024, it did say it is “now significantly reducing our fiscal 2024 capex from earlier plans to align with the supply-demand environment.”
As companies close their books for the December quarter, assess the state of their end markets and take stock of upcoming economic data and what Fed monetary policy means for interest rates, there is a growing probability that earnings expectations for the coming year will be revised lower. This could lead to a round of earnings pre-announcements alongside the expected flurry of headlines that accompanies CES. While this could lead to further downside in stocks as the December quarter season unfolds, investors may have the opportunity to buy quality companies at better prices. That’s a 2023 shopping list worth building as we move into the new year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A look at the keynote speaker list for CES 2023 sees AMD returning joined by BMW (BMWYY), John Deere (DE), Delta Air Lines (DAL), Netflix (NFLX), Instacart, Riot Games, Stellantis (STLA), United Healthcare (UNH) and Teladoc (TDOC). Despite recent Purchasing Manager’s Index (PMI) data published by S&P Global and the Institute for Supply Management pointing to an economic contraction, consensus earnings expectations for the S&P 500 still point to year-over-year growth ahead for 2022. The new year will also bring CES 2023, the largest trade show, and this will likely be a huge focus for tech investors during January 5 to 8.
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With chips and technologies seeping into more aspects of our daily lives, the kinds of companies participating in CES’s keynotes have expanded in the last few years to include technology companies such as IBM (IBM), AMD (AMD), Nvidia (NVDA) and Samsung (SSNLF) but also General Motors (GM), Verizon (VZ), Abbott Labs (ABT) and Unilever (UL). Calendar 2022 smartphone unit volume is expected to decline 10% year-over-year versus compared to Micron’s prior high single-digit percentage decline forecast and the company sees calendar year 2023 smartphone unit volume being flattish to up slightly on a year-over-year basis. Despite recent Purchasing Manager’s Index (PMI) data published by S&P Global and the Institute for Supply Management pointing to an economic contraction, consensus earnings expectations for the S&P 500 still point to year-over-year growth ahead for 2022.
|
With chips and technologies seeping into more aspects of our daily lives, the kinds of companies participating in CES’s keynotes have expanded in the last few years to include technology companies such as IBM (IBM), AMD (AMD), Nvidia (NVDA) and Samsung (SSNLF) but also General Motors (GM), Verizon (VZ), Abbott Labs (ABT) and Unilever (UL). Calendar 2022 smartphone unit volume is expected to decline 10% year-over-year versus compared to Micron’s prior high single-digit percentage decline forecast and the company sees calendar year 2023 smartphone unit volume being flattish to up slightly on a year-over-year basis. While the company didn’t share any particular figure for 2024, it did say it is “now significantly reducing our fiscal 2024 capex from earlier plans to align with the supply-demand environment.” As companies close their books for the December quarter, assess the state of their end markets and take stock of upcoming economic data and what Fed monetary policy means for interest rates, there is a growing probability that earnings expectations for the coming year will be revised lower.
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The new year will also bring CES 2023, the largest trade show, and this will likely be a huge focus for tech investors during January 5 to 8. Despite recent Purchasing Manager’s Index (PMI) data published by S&P Global and the Institute for Supply Management pointing to an economic contraction, consensus earnings expectations for the S&P 500 still point to year-over-year growth ahead for 2022. CES, formerly known as the Consumer Electronics Show, is an annual trade show organized by the Consumer Technology Association, a trade association that represents more than 1,500 consumer technology companies.
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fcd18b77-ac88-4a85-a2ca-599d1aad91a4
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720901.0
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2022-12-29 00:00:00 UTC
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Zacks.com featured highlights Deere, Atlas, First Citizens BancShares, LPL Financial and Unum Group
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DE
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-deere-atlas-first-citizens-bancshares-lpl-financial-and-unum
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nan
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nan
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For Immediate Release
Chicago, IL – December 29, 2022 – Stocks in this week’s article are Deere & Co. DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM.
Buy These 5 Stocks with Solid Sales Growth for the New Year
With the turbulent 2022 coming to an end, it’s time for investors to re-assess their portfolio and investment strategy for the New Year. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. The central bank is expected to keep interest rates high till inflation comes down reasonably.
This has made investors wary, as higher rates will likely lead to a recession/economic slowdown in 2023. So, a conventional stock-picking strategy is the need of the hour, which will help generate solid returns. One such method is choosing stocks with steady sales growth. In this regard, stocks like Deere & Co., Atlas Corp., First Citizens BancShares, Inc., LPL Financial Holdings Inc. and Unum Group are worth a look.
While evaluating any company, revenues are often more analyzed than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an expanding customer base. Steady or declining sales growth reflects obstacles at the company. Stagnant companies may generate profit in the near term but do not ensure enough growth to attract new investors.
Without solid revenue growth, bottom-line improvement may not be sustainable. While a company can show earnings strength by lowering costs, persistent bottom-line growth usually requires robust sales growth.
Nonetheless, sales growth alone doesn’t indicate much about a company’s prospects. So, taking into consideration a company’s cash position along with its sales number can prove to be a sensible investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 14 stocks that qualified the screening:
Deere, based in Moline, IL, is the world’s largest producer of agricultural equipment. DE has been manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme.
Deere’s expected sales growth rate for fiscal 2023 is 13.3%. The stock carries a Zacks Rank #2 at present.
London-headquartered Atlas Corp operates as an asset manager and operator of containerships. ATCO operates as an independent charter owner and manager of containerships.
Atlas Corp.’s expected sales growth rate for 2023 is 12%. The stock currently carries a Zacks Rank #2.
Raleigh, NC-based First Citizens is a financial holding company that provides retail and commercial banking services. FCNCA, with more than $100 billion in assets and roughly 550 branches in 22 states, is one of the top 20 U.S. financial institutions.
First Citizens’ sales are expected to rise 10.4% in 2023. The stock sports a Zacks Rank #1 at present.
LPL Financial, based in Boston, MA, is a clearing broker-dealer and an investment advisory firm. LPLA acts as an agent for its advisors, on behalf of their clients, by providing access to a broad array of financial products and services.
LPL Financial’s expected sales growth for 2023 is 14.8%. The company, at present, sports a Zacks Rank #1.
Chattanooga, TN-headquartered Unum was created following the merger of Provident Companies, Inc. and Unum Corporation. Along with disability insurance, UNM provides long-term care insurance, life insurance, employer- and employee-paid group benefits and related services.
Unum’s expected sales growth rate for 2023 is 2.2%. The stock currently carries a Zacks Rank #2.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2032890/buy-these-5-stocks-with-solid-sales-growth-for-the-new-year
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Unum Group (UNM) : Free Stock Analysis Report
First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report
LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report
Atlas Corp. (ATCO) : 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 Immediate Release Chicago, IL – December 29, 2022 – Stocks in this week’s article are Deere & Co. DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM. 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. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods.
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For Immediate Release Chicago, IL – December 29, 2022 – Stocks in this week’s article are Deere & Co. DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Unum Group (UNM) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report Atlas Corp. (ATCO) : Free Stock Analysis Report To read this article on Zacks.com click here. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Unum Group (UNM) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report Atlas Corp. (ATCO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 29, 2022 – Stocks in this week’s article are Deere & Co. DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods.
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For Immediate Release Chicago, IL – December 29, 2022 – Stocks in this week’s article are Deere & Co. DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. This has made investors wary, as higher rates will likely lead to a recession/economic slowdown in 2023.
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c06edb36-44dc-453b-b650-c48d76ccdaa0
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720902.0
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2022-12-28 00:00:00 UTC
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Deere (DE) Dips More Than Broader Markets: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-dips-more-than-broader-markets%3A-what-you-should-know-2
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nan
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nan
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Deere (DE) closed the most recent trading day at $430.18, moving -1.37% from the previous trading session. This move lagged the S&P 500's daily loss of 1.2%. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
Prior to today's trading, shares of the agricultural equipment manufacturer had lost 1.09% over the past month. This has was narrower than the Industrial Products sector's loss of 2.62% and the S&P 500's loss of 4.77% in that time.
Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. The company is expected to report EPS of $5.48, up 87.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.42 billion, up 33.92% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $27.83 per share and revenue of $54.28 billion. These totals would mark changes of +19.54% and +13.29%, respectively, from last year.
Any recent changes to analyst estimates for Deere should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. Within the past 30 days, our consensus EPS projection has moved 0.84% 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 15.67. This valuation marks a premium compared to its industry's average Forward P/E of 13.89.
It is also worth noting that DE currently has a PEG ratio of 1.31. 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 was holding an average PEG ratio of 1.31 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 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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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. Deere (DE) closed the most recent trading day at $430.18, moving -1.37% from the previous trading session. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
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Deere (DE) closed the most recent trading day at $430.18, moving -1.37% from the previous trading session. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
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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 $430.18, moving -1.37% from the previous trading session. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
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Deere (DE) closed the most recent trading day at $430.18, moving -1.37% from the previous trading session. Deere is holding a Zacks Rank of #2 (Buy) right now. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
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5266b7d2-16bd-472d-bbfa-1140fb180bb6
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720903.0
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2022-12-28 00:00:00 UTC
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Buy These 5 Stocks With Solid Sales Growth for the New Year
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DE
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https://www.nasdaq.com/articles/buy-these-5-stocks-with-solid-sales-growth-for-the-new-year
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nan
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nan
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With the turbulent 2022 coming to an end, it’s time for investors to re-assess their portfolio and investment strategy for the New Year. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. The central bank is expected to keep interest rates high till inflation comes down reasonably.
This has made investors wary, as higher rates will likely lead to a recession/economic slowdown in 2023. So, a conventional stock-picking strategy is the need of the hour, which will help generate solid returns. One such method is choosing stocks with steady sales growth. In this regard, stocks like Deere & Company DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM are worth a look.
While evaluating any company, revenues are often more analyzed than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an expanding customer base. Steady or declining sales growth reflects obstacles at the company. Stagnant companies may generate profit in the near term but do not ensure enough growth to attract new investors.
Without solid revenue growth, bottom-line improvement may not be sustainable. While a company can show earnings strength by lowering costs, persistent bottom-line growth usually requires robust sales growth.
Nonetheless, sales growth alone doesn’t indicate much about a company’s prospects. So, taking into consideration a company’s cash position along with its sales number can prove to be a sensible investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Selecting the Potential Winning Stocks
To shortlist stocks with impressive sales growth and a high cash balance, we have selected 5-Year Historical Sales Growth (%) greater than X-Industry and Cash Flow of more than $500 million as our main screening parameters.
But sales growth and cash strength are not the absolute criteria for selecting stocks. Hence, we have added other factors to arrive at a winning strategy.
P/S Ratio less than X-Industry: This metric determines the value placed on each dollar of a company’s revenues. The lower the ratio, the better it is for picking a stock since the investor is paying less for each unit of sales.
% Change F1 Sales Estimate Revisions (four weeks) greater than X-Industry: Estimate revisions, better than the industry, are often seen to trigger an increase in stock price.
Operating Margin (average last five years) greater than 5%: Operating margin measures how much every dollar of a company's sales translates into profits. A high ratio indicates that the company has good cost control and sales are increasing faster than costs — an optimal situation.
Return on Equity (ROE) greater than 5%: This metric will ensure that sales growth is translated into profits and the company is not hoarding cash. A high ROE means that the company is spending wisely and is in all likelihood profitable.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform, irrespective of the market environment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Here are five of the 14 stocks that qualified the screening:
Deere, based in Moline, IL, is the world’s largest producer of agricultural equipment. DE has been manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme.
Deere’s expected sales growth rate for fiscal 2023 is 13.3%. The stock carries a Zacks Rank #2 at present.
London-headquartered Atlas Corp operates as an asset manager and operator of containerships. ATCO operates as an independent charter owner and manager of containerships.
Atlas Corp.’s expected sales growth rate for 2023 is 12%. The stock currently carries a Zacks Rank #2.
Raleigh, NC-based First Citizens is a financial holding company that provides retail and commercial banking services. FCNCA, with more than $100 billion in assets and roughly 550 branches in 22 states, is one of the top 20 U.S. financial institutions.
First Citizens’ sales are expected to rise 10.4% in 2023. The stock sports a Zacks Rank #1 at present.
LPL Financial, based in Boston, MA, is a clearing broker-dealer and an investment advisory firm. LPLA acts as an agent for its advisors, on behalf of their clients, by providing access to a broad array of financial products and services.
LPL Financial’s expected sales growth for 2023 is 14.8%. The company, at present, sports a Zacks Rank #1.
Chattanooga, TN-headquartered Unum was created following the merger of Provident Companies, Inc. and Unum Corporation. Along with disability insurance, UNM provides long-term care insurance, life insurance, employer- and employee-paid group benefits and related services.
Unum’s expected sales growth rate for 2023 is 2.2%. The stock currently carries a Zacks Rank #2.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 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
Unum Group (UNM) : Free Stock Analysis Report
First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report
LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report
Atlas Corp. (ATCO) : 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 this regard, stocks like Deere & Company DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM are worth a look. DE has been manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods.
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In this regard, stocks like Deere & Company DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM are worth a look. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Unum Group (UNM) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report Atlas Corp. (ATCO) : Free Stock Analysis Report To read this article on Zacks.com click here. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods.
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In this regard, stocks like Deere & Company DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM are worth a look. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Unum Group (UNM) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report Atlas Corp. (ATCO) : Free Stock Analysis Report To read this article on Zacks.com click here. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods.
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In this regard, stocks like Deere & Company DE, Atlas Corp. ATCO, First Citizens BancShares, Inc. FCNCA, LPL Financial Holdings Inc. LPLA and Unum Group UNM are worth a look. While recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. This has made investors wary, as higher rates will likely lead to a recession/economic slowdown in 2023.
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3537e8ff-feee-4ef7-b02d-8091ffde01af
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720904.0
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2022-12-28 00:00:00 UTC
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Zacks.com featured highlights include Archer-Daniels-Midland, Cardinal Health, Insperity, Deere & Co. and H&R Block
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DE
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-archer-daniels-midland-cardinal-health-insperity
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nan
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For Immediate Release
Chicago, IL – December 28, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Company ADM, Cardinal Health Inc. CAH, Insperity Inc. NSP, Deere & Co. DE and H&R Block Inc. HRB.
5 Top-Ranked Dividend-Growth Stocks for 2023
As volatility and uncertainty triggered by Fed's policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet. Though it does not offer dramatic price appreciation, the strategy is a major source of consistent income for investors to create wealth when returns from the equity market are at risk.
Honing in on stocks with a history of dividend growth leads to a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Archer-Daniels-Midland Company, Cardinal Health Inc., Insperity Inc., Deere & Co. and H&R Block Inc. — that could be compelling picks for your portfolio.
Why Dividend Growth?
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that dividend increase is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
Here are five of the 13 stocks that fit the bill:
Illinois-based Archer-Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. ADM has an expected earnings growth rate of 43.9% for this year and delivered an average earnings surprise of 26.22%.
Archer-Daniels has a Zacks Rank #2 and a Growth Score of A. You can see the complete list of today's Zacks #1 Rank stocks here.
Ohio-based Cardinal Health is a nation-wide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. The company saw solid earnings estimate revision of 3 cents over the past 30 days for the fiscal year (ending June 2023) and has an estimated earnings growth rate of 5.1%.
Cardinal Health has a Zacks Rank #2 and a Growth Score of B.
Texas-based Insperity provides an array of human resources and business solutions designed to improve business performance. The company has an estimated earnings growth rate of 34.2% for this year and delivered an average earnings surprise of 0.64% for the past four quarters.
Insperity has a Zacks Rank #2 and a Growth Score of B.
Illinois-based Deere & Co. is the world's largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. The stock saw a solid earnings estimate revision of 57 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 19.5%.
Deere & Company carries a Zacks Rank #2 and a Growth Score of A.
Missouri-based H&R Block is a leading provider of tax preparation services. The company provides assisted income tax return preparation, do-it-yourself tax solutions and other products and services associated with income tax return preparation in the United States, Canada and Australia. H&R Block has an expected earnings growth rate of 8.3% for the fiscal year (ending June 2023) and delivered an average earnings surprise of 13.93% in the past four quarters.
H&R Block has a Zacks Rank #2 and Growth Score of A.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2032412/5-top-ranked-dividend-growth-stocks-for-2023
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Contact: Jim Giaquinto
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Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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/performancefor information about the performance numbers displayed in this press release.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 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
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
H&R Block, Inc. (HRB) : Free Stock Analysis Report
Insperity, Inc. (NSP) : 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 Immediate Release Chicago, IL – December 28, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Company ADM, Cardinal Health Inc. CAH, Insperity Inc. NSP, Deere & Co. DE and H&R Block Inc. HRB. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. 5 Top-Ranked Dividend-Growth Stocks for 2023 As volatility and uncertainty triggered by Fed's policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet.
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For Immediate Release Chicago, IL – December 28, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Company ADM, Cardinal Health Inc. CAH, Insperity Inc. NSP, Deere & Co. DE and H&R Block Inc. HRB. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report Insperity, Inc. (NSP) : Free Stock Analysis Report To read this article on Zacks.com click here. 5 Top-Ranked Dividend-Growth Stocks for 2023 As volatility and uncertainty triggered by Fed's policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet.
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Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report Insperity, Inc. (NSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We have selected five dividend growth stocks — Archer-Daniels-Midland Company, Cardinal Health Inc., Insperity Inc., Deere & Co. and H&R Block Inc. — that could be compelling picks for your portfolio. For Immediate Release Chicago, IL – December 28, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Company ADM, Cardinal Health Inc. CAH, Insperity Inc. NSP, Deere & Co. DE and H&R Block Inc. HRB. 5 Top-Ranked Dividend-Growth Stocks for 2023 As volatility and uncertainty triggered by Fed's policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet.
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47a0972e-6842-473f-8d06-4c2604c462d7
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720905.0
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2022-12-27 00:00:00 UTC
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Ex-Dividend Reminder: Deere, Lennox International and Primoris Services
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DE
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-deere-lennox-international-and-primoris-services
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, Deere & Co. (Symbol: DE), Lennox International Inc (Symbol: LII), and Primoris Services Corp (Symbol: PRIM) will all trade ex-dividend for their respective upcoming dividends. Deere & Co. will pay its quarterly dividend of $1.20 on 2/8/23, Lennox International Inc will pay its quarterly dividend of $1.06 on 1/13/23, and Primoris Services Corp will pay its quarterly dividend of $0.06 on 1/13/23. As a percentage of DE's recent stock price of $438.00, this dividend works out to approximately 0.27%, so look for shares of Deere & Co. to trade 0.27% lower — all else being equal — when DE shares open for trading on 12/29/22. Similarly, investors should look for LII to open 0.44% lower in price and for PRIM to open 0.27% lower, all else being equal.
Below are dividend history charts for DE, LII, and PRIM, showing historical dividends prior to the most recent ones declared.
Deere & Co. (Symbol: DE):
Lennox International Inc (Symbol: LII):
Primoris Services Corp (Symbol: PRIM):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.10% for Deere & Co., 1.75% for Lennox International Inc, and 1.09% for Primoris Services Corp.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Deere & Co. shares are currently up about 0.2%, Lennox International Inc shares are off about 0.1%, and Primoris Services Corp shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
High-Yield Canadian Energy Stocks
ETR Options Chain
HIF 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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If they do continue, the current estimated yields on annualized basis would be 1.10% for Deere & Co., 1.75% for Lennox International Inc, and 1.09% for Primoris Services Corp. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Deere & Co. shares are currently up about 0.2%, Lennox International Inc shares are off about 0.1%, and Primoris Services Corp shares are up about 0.6% on the day. dividend stocks should be on your radar screen » Also see: High-Yield Canadian Energy Stocks ETR Options Chain HIF Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, Deere & Co. (Symbol: DE), Lennox International Inc (Symbol: LII), and Primoris Services Corp (Symbol: PRIM) will all trade ex-dividend for their respective upcoming dividends.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, Deere & Co. (Symbol: DE), Lennox International Inc (Symbol: LII), and Primoris Services Corp (Symbol: PRIM) will all trade ex-dividend for their respective upcoming dividends. Deere & Co. will pay its quarterly dividend of $1.20 on 2/8/23, Lennox International Inc will pay its quarterly dividend of $1.06 on 1/13/23, and Primoris Services Corp will pay its quarterly dividend of $0.06 on 1/13/23. Deere & Co. (Symbol: DE): Lennox International Inc (Symbol: LII): Primoris Services Corp (Symbol: PRIM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, Deere & Co. (Symbol: DE), Lennox International Inc (Symbol: LII), and Primoris Services Corp (Symbol: PRIM) will all trade ex-dividend for their respective upcoming dividends. Deere & Co. will pay its quarterly dividend of $1.20 on 2/8/23, Lennox International Inc will pay its quarterly dividend of $1.06 on 1/13/23, and Primoris Services Corp will pay its quarterly dividend of $0.06 on 1/13/23. If they do continue, the current estimated yields on annualized basis would be 1.10% for Deere & Co., 1.75% for Lennox International Inc, and 1.09% for Primoris Services Corp. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Deere & Co. shares are currently up about 0.2%, Lennox International Inc shares are off about 0.1%, and Primoris Services Corp shares are up about 0.6% on the day.
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As a percentage of DE's recent stock price of $438.00, this dividend works out to approximately 0.27%, so look for shares of Deere & Co. to trade 0.27% lower — all else being equal — when DE shares open for trading on 12/29/22. Deere & Co. (Symbol: DE): Lennox International Inc (Symbol: LII): Primoris Services Corp (Symbol: PRIM): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 1.10% for Deere & Co., 1.75% for Lennox International Inc, and 1.09% for Primoris Services Corp. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Deere & Co. shares are currently up about 0.2%, Lennox International Inc shares are off about 0.1%, and Primoris Services Corp shares are up about 0.6% on the day.
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ae8f8bbb-7a4b-411e-a28a-39c7b1c8132b
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720906.0
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2022-12-27 00:00:00 UTC
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5 Top-Ranked Dividend Growth Stocks for 2023
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DE
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https://www.nasdaq.com/articles/5-top-ranked-dividend-growth-stocks-for-2023
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nan
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nan
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As volatility and uncertainty triggered by Fed’s policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet. Though it does not offer dramatic price appreciation, the strategy is a major source of consistent income for investors to create wealth when returns from the equity market are at risk.
Honing in on stocks with a history of dividend growth leads to a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Archer-Daniels-Midland Company ADM, Cardinal Health Inc. CAH, Insperity Inc. NSP, Deere & Company DE and H&R Block Inc. HRB — that could be compelling picks for your portfolio.
Why Dividend Growth?
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that dividend increase is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
As a result, picking dividend growth stocks appears as a winning strategy when some other parameters are also included.
5-Year Historical Dividend Growth greater than zero: This selects stocks with a solid dividend growth history.
5-Year Historical Sales Growth greater than zero: This represents stocks with a strong record of growing revenues.
5-Year Historical EPS Growth greater than zero: This represents stocks with a solid earnings growth history.
Next 3-5 Year EPS Growth Rate greater than zero: This represents the rate at which a company’s earnings are expected to grow. Improving earnings should help companies sustain dividend payments.
Price/Cash Flow less than M-Industry: A ratio less than M-industry indicates that the stock is undervalued in that industry and that an investor needs to pay less for better cash flow generated by the company.
52-Week Price Change greater than S&P 500 (Market Weight): This ensures that the stock appreciated more than the S&P 500 over the past year.
Top Zacks Rank: Stocks having a Zacks Rank #1 (Strong Buy) and 2 (Buy) generally outperform their peers in all types of market environments.
Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Just these few criteria narrowed down the universe from over 7,700 stocks to just 13.
Here are five of the 13 stocks that fit the bill:
Illinois-based Archer-Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. ADM has an expected earnings growth rate of 43.9% for this year and delivered an average earnings surprise of 26.22%.
Archer-Daniels has a Zacks Rank #2 and a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ohio-based Cardinal Health is a nation-wide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. The company saw solid earnings estimate revision of 3 cents over the past 30 days for the fiscal year (ending June 2023) and has an estimated earnings growth rate of 5.1%.
Cardinal Health has a Zacks Rank #2 and a Growth Score of B.
Texas-based Insperity provides an array of human resources and business solutions designed to improve business performance. The company has an estimated earnings growth rate of 34.2% for this year and delivered an average earnings surprise of 0.64% for the past four quarters.
Insperity has a Zacks Rank #2 and a Growth Score of B.
Illinois-based Deere & Company is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. The stock saw solid earnings estimate revision of 57 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 19.5%.
Deere & Company carries a Zacks Rank #2 and a Growth Score of A.
Missouri-based H&R Block is a leading provider of tax preparation services. The company provides assisted income tax return preparation, do-it-yourself tax solutions and other products and services associated with income tax return preparation in the United States, Canada and Australia. H&R Block has an expected earnings growth rate of 8.3% for the fiscal year (ending June 2023) and delivered an average earnings surprise of 13.93% in the past four quarters.
H&R Block has a Zacks Rank #2 and Growth Score of A.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
H&R Block, Inc. (HRB) : Free Stock Analysis Report
Insperity, Inc. (NSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As volatility and uncertainty triggered by Fed’s policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Honing in on stocks with a history of dividend growth leads to a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields.
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We have selected five dividend growth stocks — Archer-Daniels-Midland Company ADM, Cardinal Health Inc. CAH, Insperity Inc. NSP, Deere & Company DE and H&R Block Inc. HRB — that could be compelling picks for your portfolio. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report Insperity, Inc. (NSP) : Free Stock Analysis Report To read this article on Zacks.com click here. As volatility and uncertainty triggered by Fed’s policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet.
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Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report Insperity, Inc. (NSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Why Dividend Growth? 5-Year Historical Dividend Growth greater than zero: This selects stocks with a solid dividend growth history. As volatility and uncertainty triggered by Fed’s policy tightening and recessionary fears persist in the stock market ahead of the New Year, dividend investing seems to be a better bet.
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7eec7d36-a8a0-45b3-92b7-10065f19d050
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720907.0
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2022-12-26 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-0
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nan
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Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this agricultural equipment manufacturer have returned -1%, compared to the Zacks S&P 500 composite's -4.4% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has lost 0.1%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
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.
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 $5.48 per share, indicating a change of +87.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.5% over the last 30 days.
The consensus earnings estimate of $27.83 for the current fiscal year indicates a year-over-year change of +19.5%. This estimate has changed +1.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $28.94 indicates a change of +4% from what Deere is expected to report a year ago. Over the past month, the estimate has changed -1.4%.
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
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.
For Deere, the consensus sales estimate for the current quarter of $11.42 billion indicates a year-over-year change of +33.9%. For the current and next fiscal years, $54.28 billion and $54.98 billion estimates indicate +13.3% and +1.3% changes, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $14.35 billion in the last reported quarter, representing a year-over-year change of +39.7%. EPS of $7.44 for the same period compares with $4.12 a year ago.
Compared to the Zacks Consensus Estimate of $13.64 billion, the reported revenues represent a surprise of +5.23%. The EPS surprise was +5.08%.
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.
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 #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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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. 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) is one of the stocks most watched by Zacks.com visitors lately.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Deere is rated Zacks Rank #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. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Deere is rated Zacks Rank #2 (Buy). 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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Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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5e512fcd-63ae-4308-9a5f-a54af843ab15
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720908.0
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2022-12-23 00:00:00 UTC
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Deere (DE) Down 0.4% Since Last Earnings Report: Can It Rebound?
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https://www.nasdaq.com/articles/deere-de-down-0.4-since-last-earnings-report%3A-can-it-rebound
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A month has gone by since the last earnings report for Deere (DE). Shares have lost about 0.4% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Deere due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Deere Q4 Earnings Top Estimates, Rise Y/Y on Solid Demand
Deere reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08. The bottom line surged 81% from the prior-year fiscal quarter’s levels as higher shipment volumes and price realization helped offset the steep production and other expenses. DE witnessed strong demand for both the farm and construction equipment.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14.3 billion, up 40% from the prior-year fiscal quarter’s levels. Revenues beat the Zacks Consensus Estimate of $13.6 billion. Total net sales (including financial services and others) were $15.5 billion, up 37% from the year-earlier fiscal quarter’s reading.
Operational Update
The cost of sales in the reported quarter was up 31% from the prior-year fiscal quarter’s reading to $10.1 billion. Total gross profit in the reported quarter surged 68% from the prior-year fiscal quarter’s levels to $4.1 billion. Selling, administrative and general expenses rose 27% to $1,192 million from the prior-year fiscal period’s levels.
Total operating profit (including financial services) surged 75% from the prior-year fiscal quarter’s levels to $2,957 million in the fiscal fourth quarter.
Segmental Performance
The Production & Precision Agriculture segment’s sales rose 59% from the prior-year fiscal quarter’s levels to $7,434 million, primarily owing to higher shipment volumes and price realization. Operating profit in the segment surged 124% from the prior-year fiscal quarter’s tally to $1,740 million. Gains from higher shipment volumes and price realization were offset by escalated production costs, higher R&D and SA&G expenses, and the impact of higher reserves on the remaining assets in Russia.
Small Agriculture & Turf sales rose 26% to $3,544 million from the year-earlier fiscal quarter’s levels due to higher shipment volumes and price realization, partially offset by the unfavorable impact of currency translation. The segment’s operating profit rose 46% from the prior-year fiscal quarter’s levels to $506 million, mainly aided 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.
Construction & forestry segment sales were $3,373 million, up 20% from the prior-year fiscal quarter’s levels, backed by price realization and higher volumes, partially offset by the negative effects of currency translation. The segment’s operating profit was up 53% from the prior-year fiscal quarter’s levels to $414 million on the back of price realization and increased sales volume. However, higher production costs and the impact of higher reserves on the remaining assets in Russia dampened these gains.
Net revenues in Deere’s Financial Services division were $988 million in the reported quarter compared with the prior-year fiscal quarter’s $869 million. The segment’s operating profit amounted to $297 million, down 1% from the year-ago fiscal quarter’s levels.
Financial Update
Deere reported cash and cash equivalents of $4.8 billion at the end of fiscal 2022 compared with $8 billion recorded at the end of the prior fiscal year. Cash generated from operating activities was $4.7 billion in fiscal 2022 compared with $7.7 billion in the earlier fiscal year. At the end of fiscal 2022, the long-term borrowing was $33.6 billion, up from $33 billion at the end of fiscal 2021.
Fiscal 2022 Performance
Deere’s earnings improved 23% from the prior-year fiscal quarter’s reading to $23.28 per share in fiscal 2022, surpassing the Zacks Consensus Estimate of $22.88. In fiscal 2022, net sales of equipment operations were $47.9 billion, up 21% from the prior-year fiscal quarter’s levels. Revenues beat the Zacks Consensus Estimate of $47.6 billion. Total net sales (including financial services and others) were $52.6 billion, up 19% from the prior-year fiscal quarter’s number.
Outlook
Deere expects net income for fiscal 2023 between $8 billion and $8.5 billion compared with $7.1 billion in fiscal 2022. 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 sales growth in the 15-20% range in fiscal 2023 from the prior-year fiscal quarter’s levels. Sales growth for Small Agriculture & Turf is expected to be flat to up 5% and for Construction & forestry to be up around 10%.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in estimates revision.
VGM Scores
Currently, Deere has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Deere has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The segment’s operating profit rose 46% from the prior-year fiscal quarter’s levels to $506 million, mainly aided 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. A month has gone by since the last earnings report for Deere (DE). Will the recent negative trend continue leading up to its next earnings release, or is Deere due for a breakout?
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The segment’s operating profit rose 46% from the prior-year fiscal quarter’s levels to $506 million, mainly aided 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. A month has gone by since the last earnings report for Deere (DE). Will the recent negative trend continue leading up to its next earnings release, or is Deere due for a breakout?
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Deere Q4 Earnings Top Estimates, Rise Y/Y on Solid Demand Deere reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08. Fiscal 2022 Performance Deere’s earnings improved 23% from the prior-year fiscal quarter’s reading to $23.28 per share in fiscal 2022, surpassing the Zacks Consensus Estimate of $22.88. A month has gone by since the last earnings report for Deere (DE).
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Deere Q4 Earnings Top Estimates, Rise Y/Y on Solid Demand Deere reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08. Fiscal 2022 Performance Deere’s earnings improved 23% from the prior-year fiscal quarter’s reading to $23.28 per share in fiscal 2022, surpassing the Zacks Consensus Estimate of $22.88. A month has gone by since the last earnings report for Deere (DE).
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17a0664a-c1f1-4165-8452-207393713123
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720909.0
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2022-12-23 00:00:00 UTC
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You Can Boost Your Passive Income With These 3 Dividend Raises
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DE
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https://www.nasdaq.com/articles/you-can-boost-your-passive-income-with-these-3-dividend-raises
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Just in time for the dividend-stock lover on your holiday list, numerous companies have declared payout raises in recent days. All three are regular dividend payers, strong cash generators, and book a profit far more often than not. So there are surely more raises to come from this trio in the near future.
What's more, none of these freshly enhanced payouts have yet reached their ex-dividend dates. This means there is still time to take advantage of the hikes just announced by Deere (NYSE: DE), Waste Management (NYSE: WM), and Bristol Myers Squibb (NYSE: BMY).
1. Deere
Deere, one of the most prominent companies in agricultural machinery, added to its quarterly payout with a 6% raise to $1.20 per share. The company has paid a dividend consistently since 1971, but it can be erratic about raising it. Since the end of 2020, it has done so four times; prior to that, the distribution was unchanged since December 2018.
The announcement of the dividend raise, not coincidentally, came days after the company reported on the fourth quarter and the full year of its fiscal 2022. Revenue for the year was up a beefy 19% (to almost $53 million), with net income growth slightly, eclipsing that rise with a 20% improvement to over $7.1 million. What helped greatly was the fourth quarter's top line, which notched a new all-time high for any Deere quarter.
The company is a turbocharged tractor of a business these days, thanks to two major factors.
The first is higher prices for agricultural products, which makes farmers more profitable and thus better positioned to buy new equipment. The second is the government's sprawling Infrastructure Investment and Jobs Act, signed into law just over one year ago, which for obvious reasons is a boon for machinery companies like Deere.
Both factors should continue to push the company's fundamentals upward and support more dividend raises.
Deere's new payout will be distributed on Feb. 8 next year to investors of record as of Dec. 30. At the most recent closing share price, it would yield 1.1%.
2. Waste Management
Another company on the top of its heap -- almost literally -- is garbage removal specialist Waste Management. It's also another dividend raiser, with the board of directors voting for a nearly 8% hike in its quarterly payout to $0.70. The company also is gearing up to scoop up plenty of its own stock, thanks to the authorization of a new $1.5 billion share-buyback program.
Compared to Deere's business, Waste Management's is steadier. Garbage disposal tends to be fairly predictable. Even in high-consumption America, the volume of waste that needs removing isn't likely to see sharp expansions or contractions.
Yet the company's management has been adept lately at growing the top line, thanks in no small part to frequent acquisitions. Profitability has been boosted by keeping costs largely in check. Both revenue and, especially, net income rose nicely in the most recently reported quarter -- the former by 9% year over year, and the latter by a robust 18%.
So it's little wonder that Waste Management is a dependably regular dividend raiser, with the latest hike representing the 20th year in a row it has made an increase. Slow and steady wins this race, and in the process keeps putting more money in the pockets of investors.
The company hasn't yet set a record or payment date for the first of the dividend raises. Regardless, it would yield 1.8% at the stock's current price.
3. Bristol Myers Squibb
The pharmaceutical industry isn't exactly a hotbed of dividend payers, let alone raisers. So Bristol Myers Squibb is rather an outlier, having distributed a payout to its shareholders for 91 years in a row. Its current raise streak is 14 years, meanwhile, with the 14th being an almost 6% boost (to a quarterly $0.57 per share) declared earlier this month.
Bristol Myers is a cagey veteran in its business; it knows how to make money and throw off cash as it does so. That's no easy feat in a sector that requires constant innovation and product development, activities that can get very costly.
Like the best pharmaceutical companies, this one has a good mix of products new to market, blockbusters that have been performing well for years, and a very wide pipeline full of potential top sellers.
Revenue rose by 8% year over year in its latest reported quarter (to $11.2 billion), quite a fine performance for a business of its sprawl, size, and history. The growth in net income was more modest, at 4%, but the line item still landed well in the black at over $1.6 billion.
Zooming out to annual results, the free cash flow that helps fund those constant dividend rises keeps heading north. It rose a pleasant 14% and change in 2021 over the previous year to land at a mighty $15 billion-plus.
Bristol Myers Squibb's enhanced dividend will be distributed on March 1 of next year, to shareholders of record as of Jan. 31. Its theoretical 3.1% yield makes it the champ out of our three dividend raisers mentioned here.
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Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bristol-Myers Squibb. The Motley Fool recommends Deere and Waste Management. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The second is the government's sprawling Infrastructure Investment and Jobs Act, signed into law just over one year ago, which for obvious reasons is a boon for machinery companies like Deere. Like the best pharmaceutical companies, this one has a good mix of products new to market, blockbusters that have been performing well for years, and a very wide pipeline full of potential top sellers. Zooming out to annual results, the free cash flow that helps fund those constant dividend rises keeps heading north.
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This means there is still time to take advantage of the hikes just announced by Deere (NYSE: DE), Waste Management (NYSE: WM), and Bristol Myers Squibb (NYSE: BMY). The Motley Fool recommends Deere and Waste Management. Just in time for the dividend-stock lover on your holiday list, numerous companies have declared payout raises in recent days.
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Deere Deere, one of the most prominent companies in agricultural machinery, added to its quarterly payout with a 6% raise to $1.20 per share. The announcement of the dividend raise, not coincidentally, came days after the company reported on the fourth quarter and the full year of its fiscal 2022. Just in time for the dividend-stock lover on your holiday list, numerous companies have declared payout raises in recent days.
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Deere Deere, one of the most prominent companies in agricultural machinery, added to its quarterly payout with a 6% raise to $1.20 per share. The announcement of the dividend raise, not coincidentally, came days after the company reported on the fourth quarter and the full year of its fiscal 2022. Just in time for the dividend-stock lover on your holiday list, numerous companies have declared payout raises in recent days.
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37005ab7-b919-4790-83bf-6ac699927cac
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720910.0
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2022-12-22 00:00:00 UTC
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Notable Thursday Option Activity: DE, NSSC, SPOT
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-de-nssc-spot
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 9,677 contracts has been traded thus far today, a contract volume which is representative of approximately 967,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.1% of DE's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $380 strike put option expiring February 17, 2023, with 2,053 contracts trading so far today, representing approximately 205,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $380 strike highlighted in orange:
NAPCO Security Technologies, Inc. (Symbol: NSSC) options are showing a volume of 1,015 contracts thus far today. That number of contracts represents approximately 101,500 underlying shares, working out to a sizeable 53.1% of NSSC's average daily trading volume over the past month, of 191,270 shares. Particularly high volume was seen for the $20 strike put option expiring January 20, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NSSC. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Spotify Technology SA (Symbol: SPOT) saw options trading volume of 8,362 contracts, representing approximately 836,200 underlying shares or approximately 51.7% of SPOT's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $210 strike put option expiring January 20, 2023, with 2,145 contracts trading so far today, representing approximately 214,500 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $210 strike highlighted in orange:
For the various different available expirations for DE options, NSSC options, or SPOT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
UNF Past Earnings
SV Videos
Top Ten Hedge Funds Holding IMFC
The views and 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 $380 strike put option expiring February 17, 2023, with 2,053 contracts trading so far today, representing approximately 205,300 underlying shares of DE. Particularly high volume was seen for the $20 strike put option expiring January 20, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NSSC. Particularly high volume was seen for the $210 strike put option expiring January 20, 2023, with 2,145 contracts trading so far today, representing approximately 214,500 underlying shares of SPOT.
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Below is a chart showing DE's trailing twelve month trading history, with the $380 strike highlighted in orange: NAPCO Security Technologies, Inc. (Symbol: NSSC) options are showing a volume of 1,015 contracts thus far today. Particularly high volume was seen for the $20 strike put option expiring January 20, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NSSC. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange: And Spotify Technology SA (Symbol: SPOT) saw options trading volume of 8,362 contracts, representing approximately 836,200 underlying shares or approximately 51.7% of SPOT's average daily trading volume over the past month, of 1.6 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 9,677 contracts has been traded thus far today, a contract volume which is representative of approximately 967,700 underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $20 strike put option expiring January 20, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NSSC. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange: And Spotify Technology SA (Symbol: SPOT) saw options trading volume of 8,362 contracts, representing approximately 836,200 underlying shares or approximately 51.7% of SPOT's average daily trading volume over the past month, of 1.6 million shares.
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Particularly high volume was seen for the $20 strike put option expiring January 20, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NSSC. Below is a chart showing NSSC's trailing twelve month trading history, with the $20 strike highlighted in orange: And Spotify Technology SA (Symbol: SPOT) saw options trading volume of 8,362 contracts, representing approximately 836,200 underlying shares or approximately 51.7% of SPOT's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing SPOT's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for DE options, NSSC options, or SPOT options, visit StockOptionsChannel.com.
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1a6b61c9-b8b8-483b-bf82-1837e1ed0e88
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720911.0
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2022-12-22 00:00:00 UTC
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February 2023 Options Now Available For Deere (DE)
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DE
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https://www.nasdaq.com/articles/february-2023-options-now-available-for-deere-de
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the February 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new February 2023 contracts and identified one put and one call contract of particular interest.
The put contract at the $425.00 strike price has a current bid of $9.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $425.00, but will also collect the premium, putting the cost basis of the shares at $415.30 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $436.67/share today.
Because the $425.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.28% return on the cash commitment, or 19.37% 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 $425.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $440.00 strike price has a current bid of $13.05. If an investor was to purchase shares of DE stock at the current price level of $436.67/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $440.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.75% if the stock gets called away at the February 2023 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 $440.00 strike highlighted in red:
Considering the fact that the $440.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.99% boost of extra return to the investor, or 25.37% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $436.67) to be 36%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
TPC Options Chain
ALIM Average Annual Return
Institutional Holders of FSD
The views and 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 $440.00 strike highlighted in red: Considering the fact that the $440.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the February 2023 expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $440.00 strike highlighted in red: Considering the fact that the $440.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the February 2023 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 $425.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $440.00 strike price has a current bid of $13.05. Below is a chart showing DE's trailing twelve month trading history, with the $440.00 strike highlighted in red: Considering the fact that the $440.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new February 2023 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 $440.00 strike highlighted in red: Considering the fact that the $440.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the February 2023 expiration.
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2555de98-ea16-43af-8b75-df7917955a53
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720912.0
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2022-12-22 00:00:00 UTC
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The whack-a-mole economy: U.S. manufacturers struggle with unpredictable supplies
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https://www.nasdaq.com/articles/the-whack-a-mole-economy%3A-u.s.-manufacturers-struggle-with-unpredictable-supplies
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By Timothy Aeppel
Dec 22 (Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week.
But when he called on Thursday to check the status of the order, he learned the shipment - coming from Italy - is now delayed three months.
"No explanation, no excuse, no nothing," fumed Calder, vice president of operations for Calder Brothers Corp., an 80-employee manufacturer in Taylors, South Carolina. Calder said his factory was already cutting steel for the machines that require the Italian parts and would now have to scramble to produce something else. Orders for those machines, already delayed, will go unfilled for now.
Supply chain problems dogged producers like Calder through the pandemic. At the peak of the crisis a year ago, manufacturers faced shortages of everything from steel and aluminum to computer chips and plastic resins.
Conditions have improved in recent months. The backup of ships waiting to unload at U.S. ports, for instance, has dwindled. The latest monthly survey by the Institute for Supply Management showed the percentage of respondents saying supplier delivery times were faster than the month before was the highest since 2009 and those saying they were slower had fallen back below historic trend levels from last year's record highs. And many commodities have become more readily available.
But supply chains remain far from normal.
"To put it affectionately, I’m playing whack-a-mole every week with suppliers that aren’t delivering," said Calder.
He’s not alone in this new game. A recent survey of 179 companies by the Association of Equipment Manufacturers found 98% said they faced continued supply chain problems. More ominously - and surprising, given recent reports like the ISM data about supplies flowing more freely - nearly 60% said they saw problems continuing to worsen.
Another gauge, the New York Fed’s Global Supply Chain Pressure Index, edged higher in October and November - reversing some of the loosening of global supply bottlenecks seen through most of the past year.
And now there’s renewed concern about China. Through much of the pandemic, China’s factories struggled to keep up with the unexpected surge in global demand for manufactured goods. That country’s sudden lifting of pandemic restrictions has now sparked a wave of infections that could once again hamper factories.
To be sure, some manufacturers are confident the worst is over.
Keith Johnson, president of Kondex Corp, which makes metal parts for agricultural equipment makers like Deere & Co DE.N and AGCO Corp AGCO.N, said "there’s a sense that everybody is finally digging out" from the shortages of the past two years.
That includes finally adding the workers needed to hit production targets at the Lomira, Wisconsin factory. Kondex has pushed its workforce up to 280 people, more than the company employed before the pandemic. But it wasn’t easy to fill these jobs.
Johnson’s new workers include 18 people hired from out-of-state through a labor-sourcing company. They live in local motels and cost Kondex about three times more than their comparable locally hired counterparts. The company is investing in automation and other equipment that should help with the labor crunch.
"But a lot of that has been delayed," he said, by supply chain delays.
Supply chain volatilityhttps://tmsnrt.rs/3WhjbX6
Supply chain volatilityhttps://tmsnrt.rs/3GaNol6
Supply chain volatilityhttps://tmsnrt.rs/3YFecB2
Supply chains easinghttps://tmsnrt.rs/3PJHV7O
Supply chains easinghttps://tmsnrt.rs/3FKVVJZ
(Reporting by Timothy Aeppel; Editing by Dan Burns and Andrea Ricci)
((Tim.Aeppel@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 Timothy Aeppel Dec 22 (Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week. But when he called on Thursday to check the status of the order, he learned the shipment - coming from Italy - is now delayed three months. "No explanation, no excuse, no nothing," fumed Calder, vice president of operations for Calder Brothers Corp., an 80-employee manufacturer in Taylors, South Carolina.
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Supply chain problems dogged producers like Calder through the pandemic. By Timothy Aeppel Dec 22 (Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week. But when he called on Thursday to check the status of the order, he learned the shipment - coming from Italy - is now delayed three months.
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Another gauge, the New York Fed’s Global Supply Chain Pressure Index, edged higher in October and November - reversing some of the loosening of global supply bottlenecks seen through most of the past year. By Timothy Aeppel Dec 22 (Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week. But when he called on Thursday to check the status of the order, he learned the shipment - coming from Italy - is now delayed three months.
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Supply chain problems dogged producers like Calder through the pandemic. Through much of the pandemic, China’s factories struggled to keep up with the unexpected surge in global demand for manufactured goods. By Timothy Aeppel Dec 22 (Reuters) - Glen Calder expected a shipment of gearbox reducers needed to build a particular model of his company's paving machines last week.
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523ff7f2-8739-47d2-b7a8-78036820e0f0
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720913.0
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2022-12-21 00:00:00 UTC
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4 Industrial Stocks Likely to Maintain Winning Streak in 2023
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https://www.nasdaq.com/articles/4-industrial-stocks-likely-to-maintain-winning-streak-in-2023
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The Zacks Industrial Products sector has put up a strong show in 2022 despite inflationary pressure and supply chain disruptions. As momentum in the U.S. economy continued, expansion in manufacturing activities supported strength across various end-markets, including gas, mining, refining, life science, chemical, agricultural, food, general industrial and energy, driving the performance of industrial stocks.
Per Institute for Supply Management (ISM) reports, the Manufacturing PMI (Purchasing Manager’s Index) remained above 50% through October, indicating continued expansion in manufacturing activities. This was supported by improvement in new orders and production. Companies like Applied Industrial Technologies AIT, O-I Glass, Inc. OI, Reliance Steel & Aluminum Co. RS and Deere & Company DE made the most of this buoyant scenario and are poised for growth in 2023 as well on strong fundamentals.
What’s in Store for Industrial Stocks in 2023?
Lately industrial demand has softened as the impact of the Fed’s aggressive monetary policy tightening became more prominent. November’s ISM report reveals that the Manufacturing PMI touched 49%, contracting for the first time since May 2020. A figure below 50 indicates a contraction in manufacturing activity, while the opposite reflects expansion. The index was 1.2 percentage points lower than that recorded in October. This can be linked to a reduction in new order rates. Industrial production also declined 0.2% in November, with a 0.6% decrease in manufacturing output.
Despite factors pointing to a lower-output scenario, there are certain bright spots for industrial companies in 2023. While supply chain disruptions have been a major headwind for these companies in the first half, the situation has begun to ease since the second half, with delivery lead times reducing and materials being more easily available.
Another obstacle for industrial companies has been raw material cost inflation, which weighed on margins and dented bottom lines. The Federal Reserve’s indication to slow down the pace of interest rate hikes "as soon as December", could bring about some respite to escalating raw material prices in 2023.
4 Top Industrial Stocks for 2023
The below-mentioned stocks, having put up solid performances in 2022 so far, represent good investment options for 2023. These stocks carry a Zacks Rank #1 (Strong Buy) or #2 (Buy) and have a market capitalization of more than $1 billion. Stocks with larger market capitalization can better withstand market downturns and hence are considered safer bets. You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial: This company distributes value-added industrial products — including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. Strength across the food & beverage, mining, metals, agriculture, chemicals and technology end-markets are driving Applied Industrial’s growth. Pricing actions are supporting AIT’s margins despite cost inflation. Backed by these tailwinds, shares of this Zacks Rank #1 company have gained 22.4% in the year-to-date period.
Easing supply chain disruptions are expected to foster Applied Industrial’s growth in 2023. The acquisition of Automation, Inc. (October 2022), which has expanded AIT’s footprint across key verticals and geographies as well as supplemented its value-added services and cross-selling efforts, is expected to bolster its top line in 2023. The Zacks Consensus Estimate for fiscal 2023 (ending June 2023) earnings has been revised upward by 4.6% in the past 60 days. The same for fiscal 2024 has moved northward by 5.3%. The company has a market capitalization of $4.77 billion.
O-I Glass: Being the largest manufacturer of glass containers in the world, this company has 72 glass manufacturing plants spread across 20 countries. O-I Glass is benefiting from its margin expansion initiatives, including improving productivity, operating performance and managing costs. The company has already reaped benefits of around $60 million so far this year, surpassing its annual target. OI’s investments in joint ventures and incremental capacity as well as bolt-on acquisitions are key growth drivers. Amid these positives, shares of this Zacks Rank #1 company have rallied 39.2% so far this year.
In 2023, O-I Glass is well poised to gain from the growing demand for glass on consumer preference for healthy, premium and sustainable products for food and beverage. The Zacks Consensus Estimate for the company’s 2022 and 2023 earnings has been revised upward by 2.7% and 7.2%, respectively, in the past 60 days. The company has a market capitalization of $2.53 billion.
Reliance Steel: Headquartered in Los Angeles, CA, this is a leading metals service center company engaged in value-added materials management and metals processing services. RS is being aided by strong demand in the non-residential construction market, its biggest end-market. Strategic acquisitions are driving the company’s performance. Shares of this Zacks Rank #2 company have gained approximately 25% so far this year due to these tailwinds.
Steady demand in toll processing services and strong demand in semiconductors and recovery across commercial aerospace and energy markets should fuel Reliance Steel’s growth in 2023. Expansion in the automotive, appliance, packaging, among other end markets is also expected to support the company’s growth. The Zacks Consensus Estimate for the company’s 2022 and 2023 earnings has been revised upward by 3% and 8%, respectively in the past 60 days. RS has a market capitalization of $11.75 billion.
Deere: Based in Illinois, IL, this company is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery. Strength in the Production & Precision Agriculture segment (primary unit) due to higher shipment volumes and price realization has been driving growth of the company, primarily due to which its shares have gained approximately 27% so far this year. Deere carries a Zacks Rank #2.
For 2023, Deere is well positioned to gain from improving commodity prices, which is expected to encourage farmers to spend more on farm equipment. Strong replacement demand is anticipated to continue boosting its top line. The Zacks Consensus Estimate for the company’s fiscal 2023 (ending October 2023) earnings has moved northward by 4.8% in the past 60 days. DE has a market capitalization of $129 billion.
Year-to-Date Price Performance
Image Source: Zacks Investment Research
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
OI Glass, Inc. (OI) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Federal Reserve’s indication to slow down the pace of interest rate hikes "as soon as December", could bring about some respite to escalating raw material prices in 2023. The acquisition of Automation, Inc. (October 2022), which has expanded AIT’s footprint across key verticals and geographies as well as supplemented its value-added services and cross-selling efforts, is expected to bolster its top line in 2023. The Zacks Industrial Products sector has put up a strong show in 2022 despite inflationary pressure and supply chain disruptions.
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Companies like Applied Industrial Technologies AIT, O-I Glass, Inc. OI, Reliance Steel & Aluminum Co. RS and Deere & Company DE made the most of this buoyant scenario and are poised for growth in 2023 as well on strong fundamentals. Click to get this free report OI Glass, Inc. (OI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Industrial Products sector has put up a strong show in 2022 despite inflationary pressure and supply chain disruptions.
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Companies like Applied Industrial Technologies AIT, O-I Glass, Inc. OI, Reliance Steel & Aluminum Co. RS and Deere & Company DE made the most of this buoyant scenario and are poised for growth in 2023 as well on strong fundamentals. Applied Industrial: This company distributes value-added industrial products — including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. Click to get this free report OI Glass, Inc. (OI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Companies like Applied Industrial Technologies AIT, O-I Glass, Inc. OI, Reliance Steel & Aluminum Co. RS and Deere & Company DE made the most of this buoyant scenario and are poised for growth in 2023 as well on strong fundamentals. The Zacks Industrial Products sector has put up a strong show in 2022 despite inflationary pressure and supply chain disruptions. Per Institute for Supply Management (ISM) reports, the Manufacturing PMI (Purchasing Manager’s Index) remained above 50% through October, indicating continued expansion in manufacturing activities.
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003d35bb-df5b-42ff-941e-097601db13b6
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720914.0
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2022-12-21 00:00:00 UTC
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The Zacks Analyst Blog Highlights Schlumberger, Halliburton, W. R. Berkley, Enphase Energy and Deere & Co
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-schlumberger-halliburton-w.-r.-berkley-enphase-energy
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For Immediate Release
Chicago, IL – December 21, 2022 – 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: Schlumberger Ltd. SLB, Halliburton Co. HAL, W. R. Berkley Corp. WRB, Enphase Energy Inc. ENPH and Deere & Co. DE.
Here are highlights from Tuesday’s Analyst Blog:
5 S&P 500 Stocks Flying High with More Upside in 2023
U.S. stock markets are in the grip of volatility once again. Wall Street continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening. Stocks took a further hit as disappointing retail sales for November sparked fears of a slowing economy.
Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have tumbled 9.9%, 19.9% and 32.6%. On Dec 19, these three stock indexes closed at their lowest levels in five weeks.
U.S. stock markets are likely to remain volatile in the near future. Market participants are not sure in which direction the U.S. stock markets will move and are skeptical of a year-end rally — popularly known as Santa Claus Rally — for this year.
On Dec 19, the S&P 500 Index — popularly known as the broad-market index — closed at 3,817.66. At this level, the benchmark Index is currently trading well below its 50-day and 200-day moving averages of 3,863.82 and 4,027.12, respectively. The 50 DMA and the 200 DMA are known as short-term and long-term support lines. This indicates that the index may see a further decline in the near future.
However, not all S&P 500 stocks are suffering. Several stocks from this stable are flying high in a highly disappointing 2022. We have selected five such stocks with a favorable Zacks Rank that have more upside left for 2023. These five stocks are as follows:
Schlumberger Ltd. is the largest oilfield services player, with a presence in every energy market across the globe. Being the leading provider of technology for complex oilfields, SLB is better positioned to take up new offshore projects in international markets.
The significant improvement in oil prices is aiding its overall business. Schlumberger reported strong first-quarter results, driven by strong drilling activities in North America, Latin America and the Middle East. SLB is targeting net-zero greenhouse gas emissions by 2050.
Schlumberger has an expected earnings growth rate of 40.9% for next year. The Zacks Consensus Estimate for next-year earnings improved 1.3% over the last 30 days. The stock price of Zacks Rank #1 (Strong Buy) SLB has climbed 66.4% year to date. You can see the complete list of today's Zacks #1 Rank stocks here.
Halliburton Co. provides products and services to the energy industry worldwide. High commodity prices have increased demand for HAL's services in North America, to which it is heavily exposed.
In particular, Halliburton's key Completion & Production unit margins are likely to improve, with management expecting better pricing leverage going forward. Besides, Halliburton's strong free cash flow generating ability indicates its financial strength.
HAL's healthy relationship with national oil companies and digitization efforts also bode well. The increasing cloud-based data flow between sites and back office translates into expanded margins for Halliburton.
Zacks Rank #2 (Buy) Halliburton has an expected earnings growth rate of 41.9% for next year. The Zacks Consensus Estimate for next-year earnings has improved 2.1% over the last 30 days. The stock price of HAL has rallied 57.7% year to date.
W. R. Berkley Corp. has been benefiting from its insurance business, performing well on the increase in premiums written over the past many years. W. R. Berkley has been investing in numerous startups since 2006 and has established new units in growing international markets.
W. R. Berkley's international business is poised for growth supported by emerging markets. WRB's solid capital position enables capital deployment. Investment in alternative assets should help improve investment income going forward.
Zacks Rank #2 W. R. Berkley has an expected earnings growth rate of 11.5% for next year. The Zacks Consensus Estimate for next-year earnings has improved 1.1% over the last 30 days. The stock price of WRB has surged 30.2% year to date.
Enphase Energy Inc. has revolutionized the solar industry by pioneering a semiconductor-based microinverter, which converts energy at the individual solar module level. ENPH enjoys a strong position as a leading U.S. manufacturer of microinverters.
Enphase Energy is striving to expand in Europe steadily throughout 2022. Such expansion plans may boost its long-term growth in the battery storage market. ENPH has also been making acquisitions to boost its long-term growth. It holds a strong solvency position.
Zacks Rank #2 Enphase Energy has an expected earnings growth rate of 25.8% for next year. The Zacks Consensus Estimate for next-year earnings has improved 2.4% over the last 30 days. The stock price of ENPH has jumped 66.7% year to date.
Deere & Co. is poised well to gain on improving commodity prices, which will encourage farmers to spend more on farm equipment. Strong replacement demand will also continue to boost DE's top line. Demand for Construction equipment will likely benefit from anticipated growth in infrastructure investments. We expect Deere's adjusted earnings per share to grow 16% in fiscal 2023, led by strong demand and pricing.
Product launches equipped with the latest technology to make farming automated will continue to provide DE with an edge over its competitors. DE will benefit in the long run from rapid growth in the global population as well as the rising worldwide infrastructure needs.
Zacks Rank #2 Deere has an expected earnings growth rate of 19.2% for the current year (ending October 2023). The Zacks Consensus Estimate for next-year earnings improved 1.7% over the last seven days. The stock price of DE has advanced 26.2% year to date.
Why Haven't You Looked at Zacks' Top Stocks?
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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.
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
Schlumberger Limited (SLB) : Free Stock Analysis Report
Halliburton Company (HAL) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Schlumberger Ltd. SLB, Halliburton Co. HAL, W. R. Berkley Corp. WRB, Enphase Energy Inc. ENPH and Deere & Co. DE. Wall Street continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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Stocks recently featured in the blog include: Schlumberger Ltd. SLB, Halliburton Co. HAL, W. R. Berkley Corp. WRB, Enphase Energy Inc. ENPH and Deere & Co. DE. High commodity prices have increased demand for HAL's services in North America, to which it is heavily exposed. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report Halliburton Company (HAL) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report Halliburton Company (HAL) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 21, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Stocks recently featured in the blog include: Schlumberger Ltd. SLB, Halliburton Co. HAL, W. R. Berkley Corp. WRB, Enphase Energy Inc. ENPH and Deere & Co. DE.
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Stocks recently featured in the blog include: Schlumberger Ltd. SLB, Halliburton Co. HAL, W. R. Berkley Corp. WRB, Enphase Energy Inc. ENPH and Deere & Co. DE. For Immediate Release Chicago, IL – December 21, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Here are highlights from Tuesday’s Analyst Blog: 5 S&P 500 Stocks Flying High with More Upside in 2023 U.S. stock markets are in the grip of volatility once again.
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720915.0
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2022-12-21 00:00:00 UTC
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Is There A Better Pick Over Honeywell Stock?
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https://www.nasdaq.com/articles/is-there-a-better-pick-over-honeywell-stock
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We believe that 3M stock (NYSE: MMM) is a better pick than Honeywell stock (NYSE: HON), given its attractive valuation. Honeywell is trading at a comparatively higher valuation of 4.2x trailing revenues vs. 2.0x for 3M, and we think that this gap in valuation should narrow in favor of 3M, given its superior revenue growth and profitability, as discussed below.
Looking at stock returns, Honeywell, with 1% returns this year, has fared better than 3M, down 31%, and the broader markets, with the S&P 500 index 19% lower. There is more to the comparison, and in the sections below, we discuss why we believe MMM stock will offer better returns than HON stock in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Honeywell vs. 3M: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Honeywell’s Revenue Growth Is Better
Both companies saw their revenue remain mostly flat over the last twelve month period.
However, if we look at a longer time frame, 3M has fared better, with its sales rising at an average rate of 2.7% to $35.4 billion in 2021, from $32.8 billion in 2018, while Honeywell saw its sales decline at an average rate of 6.0% to $34.4 billion in 2021, vs. $41.8 billion in 2018.
Honeywell has exposure to the Aerospace business, and with airlines being one of the worst-hit sectors during the pandemic, this has weighed on the company’s overall revenue growth since the beginning of the pandemic.
While this trend has now reversed and Honeywell is seeing a steady rise in sales for its Aerospace, Building Technologies, and Performance Materials business, lower demand for personal protective equipment weighs on its Safety & Productivity Solutions segment sales.
3M’s revenue growth over the recent years was driven by high demand for safety and personal protective equipment, while sales for some of its other products, including office products, were hit during the pandemic due to many offices being shut, given the lockdowns and shelter-in-place restrictions, resulting in lower demand.
However, this trend has now reversed. 3M is facing a decline in demand for safety and protective gear, while its consumer business, including home improvement, saw a pickup in demand post-pandemic. But now, with the dollar appreciating meaningfully against most currencies, 3M is seeing lower sales due to foreign currency conversion.
Furthermore, 3M stock has been weighed down this year due to its exposure to earplugs lawsuits and concerns over slowing economic growth and its impact on 3M’s businesses.
Our Honeywell Revenue Comparison and 3M Revenue Comparison dashboards provide more details on the revenues.
The table below summarizes our revenue expectation for both companies over the next three years and points to a CAGR of 3.5% for Honeywell and 1.6% for 3M.
Note that we have different methodologies for companies that are negatively impacted by Covid and those that are not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to forecast recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. 3M Is More Profitable But Comes With Higher Risk
3M’s operating margin of 21.3% over the last twelve-month period is better than 18.6% for Honeywell.
This compares with 19.2% and 19.6% figures seen in 2019, before the pandemic, respectively.
3M’s free cash flow margin of 19.2% is better than 15.9% for Honeywell.
Our Honeywell Operating Income Comparison and 3M Operating Income Comparison dashboards have more details.
Looking at financial risk, Honeywell fares better. Its 12% debt as a percentage of equity is lower than 54% for 3M, while its 13% cash as a percentage of assets is higher than 7% for the latter, implying that Honeywell has a better debt position and has more cash cushion.
3. The Net of It All
We see that 3M’s revenue growth is better, is more profitable, and is available at a comparatively lower valuation. On the other hand, Honeywell has a better debt position and more cash cushion.
Now, looking at prospects using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe 3M is currently the better choice of the two. The table below summarizes our revenue and return expectations for Honeywell and 3M over the next three years and points to an expected return of 14% for 3M over this period vs. a 2% expected return for Honeywell stock, implying that investors are better off buying MMM over HON, based on Trefis Machine Learning analysis – Honeywell vs. 3M – which also provides more details on how we arrive at these numbers.
While MMM stock looks like it will offer better growth than HON stock, it is helpful to see how Honeywell’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Teradata vs. Crane.
Despite higher inflation and the Fed raising interest rates, Honeywell stock has seen a 1% rise this year. But can it drop from here? See how low Honeywell stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Dec 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
HON Return -4% 1% 89%
MMM Return -3% -31% -32%
S&P 500 Return -6% -19% 72%
Trefis Multi-Strategy Portfolio -5% -22% 215%
[1] Month-to-date and year-to-date as of 12/19/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at stock returns, Honeywell, with 1% returns this year, has fared better than 3M, down 31%, and the broader markets, with the S&P 500 index 19% lower. However, if we look at a longer time frame, 3M has fared better, with its sales rising at an average rate of 2.7% to $35.4 billion in 2021, from $32.8 billion in 2018, while Honeywell saw its sales decline at an average rate of 6.0% to $34.4 billion in 2021, vs. $41.8 billion in 2018. Honeywell has exposure to the Aerospace business, and with airlines being one of the worst-hit sectors during the pandemic, this has weighed on the company’s overall revenue growth since the beginning of the pandemic.
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While this trend has now reversed and Honeywell is seeing a steady rise in sales for its Aerospace, Building Technologies, and Performance Materials business, lower demand for personal protective equipment weighs on its Safety & Productivity Solutions segment sales. Our Honeywell Operating Income Comparison and 3M Operating Income Comparison dashboards have more details. Looking at stock returns, Honeywell, with 1% returns this year, has fared better than 3M, down 31%, and the broader markets, with the S&P 500 index 19% lower.
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Our Honeywell Revenue Comparison and 3M Revenue Comparison dashboards provide more details on the revenues. The table below summarizes our revenue and return expectations for Honeywell and 3M over the next three years and points to an expected return of 14% for 3M over this period vs. a 2% expected return for Honeywell stock, implying that investors are better off buying MMM over HON, based on Trefis Machine Learning analysis – Honeywell vs. 3M – which also provides more details on how we arrive at these numbers. Looking at stock returns, Honeywell, with 1% returns this year, has fared better than 3M, down 31%, and the broader markets, with the S&P 500 index 19% lower.
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Looking at stock returns, Honeywell, with 1% returns this year, has fared better than 3M, down 31%, and the broader markets, with the S&P 500 index 19% lower. While this trend has now reversed and Honeywell is seeing a steady rise in sales for its Aerospace, Building Technologies, and Performance Materials business, lower demand for personal protective equipment weighs on its Safety & Productivity Solutions segment sales. However, if we look at a longer time frame, 3M has fared better, with its sales rising at an average rate of 2.7% to $35.4 billion in 2021, from $32.8 billion in 2018, while Honeywell saw its sales decline at an average rate of 6.0% to $34.4 billion in 2021, vs. $41.8 billion in 2018.
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79652450-04bc-426a-a872-59ef6d0fadba
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720916.0
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2022-12-20 00:00:00 UTC
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IWF, DE, CAT, ZTS: ETF Inflow Alert
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https://www.nasdaq.com/articles/iwf-de-cat-zts%3A-etf-inflow-alert
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $483.9 million dollar inflow -- that's a 0.8% increase week over week in outstanding units (from 271,100,000 to 273,350,000). Among the largest underlying components of IWF, in trading today Deere & Co. (Symbol: DE) is up about 0.5%, Caterpillar Inc. (Symbol: CAT) is up about 0.8%, and Zoetis Inc (Symbol: ZTS) is lower by about 0.4%. For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average:
Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $310.28 as the 52 week high point — that compares with a last trade of $215.92. 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:
Airlines Dividend Stocks
Institutional Holders of ZHDG
HIIQ Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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: Airlines Dividend Stocks Institutional Holders of ZHDG HIIQ Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IWF, in trading today Deere & Co. (Symbol: DE) is up about 0.5%, Caterpillar Inc. (Symbol: CAT) is up about 0.8%, and Zoetis Inc (Symbol: ZTS) is lower by about 0.4%. For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $310.28 as the 52 week high point — that compares with a last trade of $215.92. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $483.9 million dollar inflow -- that's a 0.8% increase week over week in outstanding units (from 271,100,000 to 273,350,000).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $483.9 million dollar inflow -- that's a 0.8% increase week over week in outstanding units (from 271,100,000 to 273,350,000). For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $310.28 as the 52 week high point — that compares with a last trade of $215.92. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $483.9 million dollar inflow -- that's a 0.8% increase week over week in outstanding units (from 271,100,000 to 273,350,000). For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $202.05 per share, with $310.28 as the 52 week high point — that compares with a last trade of $215.92. 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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5861a3d9-0d36-4f7c-a088-563a18ce9d1d
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720917.0
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2022-12-20 00:00:00 UTC
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Is Deere an Excellent Defensive Stock to Buy Right Now?
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DE
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https://www.nasdaq.com/articles/is-deere-an-excellent-defensive-stock-to-buy-right-now
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nan
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Deere's (NYSE: DE) business is resilient through economic cycles. That could make it an ideal stock to buy if the U.S. is heading into a recession. In this video, I will talk about whether Deere is an excellent defensive stock to buy now.
*Stock prices used were the afternoon prices of Dec. 13, 2022. The video was published on Dec. 19, 2022.
10 stocks we like better than Deere
When our award-winning 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 December 1, 2022
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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In this video, I will talk about whether Deere is an excellent defensive stock to buy now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Deere's (NYSE: DE) business is resilient through economic cycles.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Deere.
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In this video, I will talk about whether Deere is an excellent defensive stock to buy now. 10 stocks we like better than Deere When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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In this video, I will talk about whether Deere is an excellent defensive stock to buy now. Deere's (NYSE: DE) business is resilient through economic cycles. That could make it an ideal stock to buy if the U.S. is heading into a recession.
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f01f5dc1-52cf-4086-87ae-8663efd2a409
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720918.0
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2022-12-20 00:00:00 UTC
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5 S&P 500 Stocks Flying High in 2022 With More Upside for 2023
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DE
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https://www.nasdaq.com/articles/5-sp-500-stocks-flying-high-in-2022-with-more-upside-for-2023
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nan
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nan
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U.S. stock markets are in the grip of volatility once again. Wall Street continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening. Stocks took a further hit as disappointing retail sales for November sparked fears of a slowing economy.
Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have tumbled 9.9%, 19.9% and 32.6%. On Dec 19, these three stock indexes closed at their lowest levels in five weeks.
U.S. stock markets are likely to remain volatile in the near future. Market participants are not sure in which direction the U.S. stock markets will move and are skeptical of a year-end rally — popularly known as Santa Claus Rally — for this year.
On Dec 19, the S&P 500 Index — popularly known as the broad-market index — closed at 3,817.66. At this level, the benchmark Index is currently trading well below its 50-day and 200-day moving averages of 3,863.82 and 4,027.12, respectively. The 50 DMA and the 200 DMA are known as short-term and long-term support lines. This indicates that the index may see a further decline in the near future.
However, not all S&P 500 stocks are suffering. Several stocks from this stable are flying high in a highly disappointing 2022. We have selected five such stocks with a favorable Zacks Rank that have more upside left for 2023. These five stocks are as follows:
Schlumberger Ltd. SLB is the largest oilfield services player, with a presence in every energy market across the globe. Being the leading provider of technology for complex oilfields, SLB is better positioned to take up new offshore projects in international markets.
The significant improvement in oil prices is aiding its overall business. Schlumberger reported strong first-quarter results, driven by strong drilling activities in North America, Latin America and the Middle East. SLB is targeting net-zero greenhouse gas emissions by 2050.
Schlumberger has an expected earnings growth rate of 40.9% for next year. The Zacks Consensus Estimate for next-year earnings improved 1.3% over the last 30 days. The stock price of Zacks Rank #1 (Strong Buy) SLB has climbed 66.4% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
Halliburton Co. HAL provides products and services to the energy industry worldwide. High commodity prices have increased demand for HAL’s services in North America, to which it is heavily exposed.
In particular, Halliburton’s key Completion & Production unit margins are likely to improve, with management expecting better pricing leverage going forward. Besides, Halliburton's strong free cash flow generating ability indicates its financial strength.
HAL’s healthy relationship with national oil companies and digitization efforts also bode well. The increasing cloud-based data flow between sites and back office translates into expanded margins for Halliburton.
Zacks Rank #2 (Buy) Halliburton has an expected earnings growth rate of 41.9% for next year. The Zacks Consensus Estimate for next-year earnings has improved 2.1% over the last 30 days. The stock price of HAL has rallied 57.7% year to date.
W. R. Berkley Corp. WRB has been benefiting from its insurance business, performing well on the increase in premiums written over the past many years. W. R. Berkley has been investing in numerous startups since 2006 and has established new units in growing international markets.
W. R. Berkley’s international business is poised for growth supported by emerging markets. WRB’s solid capital position enables capital deployment. Investment in alternative assets should help improve investment income going forward.
Zacks Rank #2 W. R. Berkley has an expected earnings growth rate of 11.5% for next year. The Zacks Consensus Estimate for next-year earnings has improved 1.1% over the last 30 days. The stock price of WRB has surged 30.2% year to date.
Enphase Energy Inc. ENPH has revolutionized the solar industry by pioneering a semiconductor-based microinverter, which converts energy at the individual solar module level. ENPH enjoys a strong position as a leading U.S. manufacturer of microinverters.
Enphase Energy is striving to expand in Europe steadily throughout 2022. Such expansion plans may boost its long-term growth in the battery storage market. ENPH has also been making acquisitions to boost its long-term growth. It holds a strong solvency position.
Zacks Rank #2 Enphase Energy has an expected earnings growth rate of 25.8% for next year. The Zacks Consensus Estimate for next-year earnings has improved 2.4% over the last 30 days. The stock price of ENPH has jumped 66.7% year to date.
Deere & Co. DE is poised well to gain on improving commodity prices, which will encourage farmers to spend more on farm equipment. Strong replacement demand will also continue to boost DE’s top line. Demand for Construction equipment will likely benefit from anticipated growth in infrastructure investments. We expect Deere’s adjusted earnings per share to grow 16% in fiscal 2023, led by strong demand and pricing.
Product launches equipped with the latest technology to make farming automated will continue to provide DE with an edge over its competitors. DE will benefit in the long run from rapid growth in the global population as well as the rising worldwide infrastructure needs.
Zacks Rank #2 Deere has an expected earnings growth rate of 19.2% for the current year (ending October 2023). The Zacks Consensus Estimate for next-year earnings improved 1.7% over the last seven days. The stock price of DE has advanced 26.2% year to date.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 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
Schlumberger Limited (SLB) : Free Stock Analysis Report
Halliburton Company (HAL) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
Enphase Energy, Inc. (ENPH) : 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 continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening. Deere & Co. DE is poised well to gain on improving commodity prices, which will encourage farmers to spend more on farm equipment. Product launches equipped with the latest technology to make farming automated will continue to provide DE with an edge over its competitors.
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High commodity prices have increased demand for HAL’s services in North America, to which it is heavily exposed. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report Halliburton Company (HAL) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here. Wall Street continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening.
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Image Source: Zacks Investment Research Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report Halliburton Company (HAL) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here. Wall Street continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening.
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Wall Street continued to suffer in the last two weeks after the Fed announced a 50-basis point interest rate hike, with losses deepening. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have tumbled 9.9%, 19.9% and 32.6%. On Dec 19, these three stock indexes closed at their lowest levels in five weeks.
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720919.0
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2022-12-19 00:00:00 UTC
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Billions needed to deliver COP15 nature deal but funds to biodiversity miniscule
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https://www.nasdaq.com/articles/billions-needed-to-deliver-cop15-nature-deal-but-funds-to-biodiversity-miniscule
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By Virginia Furness and Isla Binnie
LONDON, Dec 19 (Reuters) - Climate conscious investors have channeled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison.
This could change after negotiators at the U.N. nature summit in Montreal secured long-awaited formal support on Monday for a Global Biodiversity Framework to protect nature. But plans have yet to be fleshed out on how to channel the huge amounts of capital from private and public sector sources that scientists say are necessary for conservation.
A growing crowd of investors aiming to manage their money with environmental, social and governance (ESG) considerations in mind are looking to the deal for indications of the future shape of new financial instruments and rules to protect forests, marshes, waters, and everything in between.
Some managers have already pressed ahead. Around 74.3 billion euros ($78.8 billion) are already invested in funds aimed at protecting ecologically sound environments on land, air and water, according to data from Morningstar.
Morningstar lists 175 funds that run investment strategies that are intended to invest in companies, or securities, that are involved in industries that positively impact the environment. It groups these funds together under a theme it calls healthy ecosystems.
The five largest equity healthy ecosystem funds are managed by Pictet, BNP Paribas Asset Management and Amundi and account for 21.6 billion euros, or nearly a third of the entire group.
These funds are largely concentrated in the industrials and utilities sectors: six out of 10 largest funds are overweight the benchmark weighting of industrials in the MSCI ACWI Index (USD) while half of the funds are overweight utilities.
BIODIVERSITY FUNDS
Investment strategies targeting biodiversity specifically are an even more nascent product. Just 907.6 million euros are invested in Morningstar’s top 10 equity funds with biodiversity in their name.
Limited data collection and reporting and the difficulty of measuring a company's impact on biodiversity are all seen as major barriers for investment to money managers.
"We know the global economy and every company in it is negatively impacting biodiversity," said Tom Atkinson, portfolio manager at AXA Investment Managers, which has a 117 million euro Article 9 biodiversity impact fund.
"At the moment we can only assess the negative impact (on biodiversity) of the companies in our portfolio, this is why more biodiversity funds don't exist and why regulation is arguably dragging."
Like the broader healthy ecosystems group of funds, biodiversity-named funds are largely concentrated in industrials like agricultural equipment manufacturer Deere & Co DE.N and U.S. water technology provider Xylem XYL.N with 30% of individual holdings from a universe of 60 stocks directed to this sector.
Consumer comes a close second however, with 27% of holdings invested in companies like Nestle NESN.S, L'Oreal OREP.PA and Darling Ingredients DAR.N, a company that turns edible by-products and food waste into sustainable products and renewable energy.
Three of the six largest biodiversity-named funds assessed by Reuters are overweight industrials versus the MSCI ACWI Index (USD).
With a global biodiversity framework in place and efforts well underway to create a nature reporting framework for companies -- the Taskforce on Nature-Related Financial Disclosures -- as well as a new tool to measure positive impact on biodiversity due early 2023, managers like Atkinson are predicting investment flows will increase next year.
($1 = 0.9431 euros)
COP15 reaches deal to halt decline in nature by 2030
GRAPHIC-Just €907.6m is invested in Morningstar's biggest biodiversity fundshttps://tmsnrt.rs/3HIpyhI
GRAPHIC-Biodiversity funds largely invested in industrialshttps://tmsnrt.rs/3Wvyo6x
GRAPHIC-€74.3 bln is invested in Morningstar funds aimed at protecting the environmenthttps://tmsnrt.rs/3G6ILZm
GRAPHIC-Funds targeting ecological outcomes invest heavily in industrialshttps://tmsnrt.rs/3vlBRcx
(Reporting by Virginia Furness and Isla Binnie; Editing by Lisa Shumaker)
((Virginia.Furness@thomsonreuters.com; +44207 542 5477;))
The views and 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 Virginia Furness and Isla Binnie LONDON, Dec 19 (Reuters) - Climate conscious investors have channeled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison. A growing crowd of investors aiming to manage their money with environmental, social and governance (ESG) considerations in mind are looking to the deal for indications of the future shape of new financial instruments and rules to protect forests, marshes, waters, and everything in between. Morningstar lists 175 funds that run investment strategies that are intended to invest in companies, or securities, that are involved in industries that positively impact the environment.
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Three of the six largest biodiversity-named funds assessed by Reuters are overweight industrials versus the MSCI ACWI Index (USD). ($1 = 0.9431 euros) COP15 reaches deal to halt decline in nature by 2030 GRAPHIC-Just €907.6m is invested in Morningstar's biggest biodiversity fundshttps://tmsnrt.rs/3HIpyhI GRAPHIC-Biodiversity funds largely invested in industrialshttps://tmsnrt.rs/3Wvyo6x GRAPHIC-€74.3 bln is invested in Morningstar funds aimed at protecting the environmenthttps://tmsnrt.rs/3G6ILZm GRAPHIC-Funds targeting ecological outcomes invest heavily in industrialshttps://tmsnrt.rs/3vlBRcx (Reporting by Virginia Furness and Isla Binnie; Editing by Lisa Shumaker) ((Virginia.Furness@thomsonreuters.com; +44207 542 5477;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Virginia Furness and Isla Binnie LONDON, Dec 19 (Reuters) - Climate conscious investors have channeled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison.
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With a global biodiversity framework in place and efforts well underway to create a nature reporting framework for companies -- the Taskforce on Nature-Related Financial Disclosures -- as well as a new tool to measure positive impact on biodiversity due early 2023, managers like Atkinson are predicting investment flows will increase next year. ($1 = 0.9431 euros) COP15 reaches deal to halt decline in nature by 2030 GRAPHIC-Just €907.6m is invested in Morningstar's biggest biodiversity fundshttps://tmsnrt.rs/3HIpyhI GRAPHIC-Biodiversity funds largely invested in industrialshttps://tmsnrt.rs/3Wvyo6x GRAPHIC-€74.3 bln is invested in Morningstar funds aimed at protecting the environmenthttps://tmsnrt.rs/3G6ILZm GRAPHIC-Funds targeting ecological outcomes invest heavily in industrialshttps://tmsnrt.rs/3vlBRcx (Reporting by Virginia Furness and Isla Binnie; Editing by Lisa Shumaker) ((Virginia.Furness@thomsonreuters.com; +44207 542 5477;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Virginia Furness and Isla Binnie LONDON, Dec 19 (Reuters) - Climate conscious investors have channeled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison.
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Like the broader healthy ecosystems group of funds, biodiversity-named funds are largely concentrated in industrials like agricultural equipment manufacturer Deere & Co DE.N and U.S. water technology provider Xylem XYL.N with 30% of individual holdings from a universe of 60 stocks directed to this sector. By Virginia Furness and Isla Binnie LONDON, Dec 19 (Reuters) - Climate conscious investors have channeled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison. A growing crowd of investors aiming to manage their money with environmental, social and governance (ESG) considerations in mind are looking to the deal for indications of the future shape of new financial instruments and rules to protect forests, marshes, waters, and everything in between.
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2022-12-19 00:00:00 UTC
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Should You Invest in the Global X U.S. Infrastructure Development ETF (PAVE)?
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If you're interested in broad exposure to the Utilities - Infrastructure segment of the equity market, look no further than the Global X U.S. Infrastructure Development ETF (PAVE), a passively managed exchange traded fund launched on 03/06/2017.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Utilities - Infrastructure is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 11, placing it in bottom 31%.
Index Details
The fund is sponsored by Global X Management. It has amassed assets over $3.56 billion, making it one of the larger ETFs attempting to match the performance of the Utilities - Infrastructure segment of the equity market. PAVE seeks to match the performance of the INDXX U.S. Infrastructure Development Index before fees and expenses.
The INDXX U.S. Infrastructure Development Index measure the performance of U.S. listed companies that provide exposure to domestic infrastructure development, including companies involved in construction and engineering; production of infrastructure raw materials, composites and products; industrial transportation; and producers/distributors of heavy construction equipment.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.47%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.68%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Industrials sector--about 69.10% of the portfolio. Materials and Utilities round out the top three.
Looking at individual holdings, Nucor Corp (NUE) accounts for about 4.28% of total assets, followed by Sempra Energy (SRE) and Deere & Co (DE).
The top 10 holdings account for about 30.35% of total assets under management.
Performance and Risk
The ETF has lost about -6.38% and is down about -5.20% so far this year and in the past one year (as of 12/19/2022), respectively. PAVE has traded between $22.45 and $29.01 during this last 52-week period.
The ETF has a beta of 1.28 and standard deviation of 32.58% for the trailing three-year period. With about 100 holdings, it effectively diversifies company-specific risk.
Alternatives
Global X U.S. Infrastructure Development ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, PAVE is a good option for those seeking exposure to the Utilities/Infrastructure ETFs area of the market. Investors might also want to consider some other ETF options in the space.
IShares U.S. Infrastructure ETF (IFRA) tracks NYSE FACTSET U.S. INFRASTRUCTURE INDEX and the iShares Global Infrastructure ETF (IGF) tracks S&P Global Infrastructure Index. IShares U.S. Infrastructure ETF has $1.75 billion in assets, iShares Global Infrastructure ETF has $3.84 billion. IFRA has an expense ratio of 0.30% and IGF charges 0.40%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Global X U.S. Infrastructure Development ETF (PAVE): ETF Research Reports
Sempra Energy (SRE) : Free Stock Analysis Report
Nucor Corporation (NUE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
iShares Global Infrastructure ETF (IGF): ETF Research Reports
iShares U.S. Infrastructure ETF (IFRA): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PAVE seeks to match the performance of the INDXX U.S. Infrastructure Development Index before fees and expenses. Looking at individual holdings, Nucor Corp (NUE) accounts for about 4.28% of total assets, followed by Sempra Energy (SRE) and Deere & Co (DE). If you're interested in broad exposure to the Utilities - Infrastructure segment of the equity market, look no further than the Global X U.S. Infrastructure Development ETF (PAVE), a passively managed exchange traded fund launched on 03/06/2017.
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The INDXX U.S. Infrastructure Development Index measure the performance of U.S. listed companies that provide exposure to domestic infrastructure development, including companies involved in construction and engineering; production of infrastructure raw materials, composites and products; industrial transportation; and producers/distributors of heavy construction equipment. IShares U.S. Infrastructure ETF (IFRA) tracks NYSE FACTSET U.S. INFRASTRUCTURE INDEX and the iShares Global Infrastructure ETF (IGF) tracks S&P Global Infrastructure Index. Click to get this free report Global X U.S. Infrastructure Development ETF (PAVE): ETF Research Reports Sempra Energy (SRE) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report iShares Global Infrastructure ETF (IGF): ETF Research Reports iShares U.S. Infrastructure ETF (IFRA): ETF Research Reports To read this article on Zacks.com click here.
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IShares U.S. Infrastructure ETF (IFRA) tracks NYSE FACTSET U.S. INFRASTRUCTURE INDEX and the iShares Global Infrastructure ETF (IGF) tracks S&P Global Infrastructure Index. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Click to get this free report Global X U.S. Infrastructure Development ETF (PAVE): ETF Research Reports Sempra Energy (SRE) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report iShares Global Infrastructure ETF (IGF): ETF Research Reports iShares U.S. Infrastructure ETF (IFRA): ETF Research Reports To read this article on Zacks.com click here.
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If you're interested in broad exposure to the Utilities - Infrastructure segment of the equity market, look no further than the Global X U.S. Infrastructure Development ETF (PAVE), a passively managed exchange traded fund launched on 03/06/2017. Alternatives Global X U.S. Infrastructure Development ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors.
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2022-12-18 00:00:00 UTC
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3 Cathie Wood Stocks That Could Deliver Bigger Gains Than the Market
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https://www.nasdaq.com/articles/3-cathie-wood-stocks-that-could-deliver-bigger-gains-than-the-market-3
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Cathie Wood has gone shining star to yesterday's news. Where her Ark Invest exchange-traded funds (ETFs) doubled investors' money in 2020, they have cooled off considerably since. The funds are down 59% over the last 12 months and off 18% over the past three years, but Wood is still a sharp Wall Street guru who has 10-year annual returns of almost 60%, indicating how well she did during the former bull market.
Yet no one is really having a good year this year, as even the S&P 500 is down 17% in 2022. But here are three stocks owned by Cathie Wood's ETFs that could handily outperform the broad market index over the next decade.
Image source: Getty Images.
Deere
Wood has bought and sold Deere (NYSE: DE) numerous times over the past few years, most recently selling 5,800 shares last month. She still owns 164,000 shares worth around $71 million at current prices, so don't read too much into the paring of her stake.
Business is booming for Deere with high demand pushing up production, based on internal sales reports. The stock is up by 24% year to date as a result. Investor Relations Director Brent Norwood told analysts on Deere's fiscal fourth-quarterearnings call "In fact, we ended up producing more in each successive quarter throughout the year with the fourth quarter being the high point."
QUARTER IN FISCAL YEAR 2022
REVENUE
% INCREASE Y-Y
Q1 $9.56 billion 5%
Q2 $13.37 billion 11%
Q3 $14.10 billion 22%
Q4 $15.54 billion 37%
Data source: Company SEC filings.
Deere is benefiting from inflated commodity agricultural prices that are significantly above last year, due in good part to Russia's invasion of Ukraine, a substantial producer of Europe's wheat supply. The higher commodity costs should help boost the profitability of farmers who will spend to replace aging equipment.
Key grains are going to take several growing seasons to ease tight supplies while dealer inventories for equipment are also low. It's why Deere is looking for a repeat of its performance in 2023 with sales in the large agriculture segment up 15% to 20%, or almost $20 billion at the top end, and construction and forestry up around 10%, or almost $14 billion.
Trading at 14 times next year's earnings, there is plenty of room for Deere's stock to exceed the gains of the broader stock market.
Shopify
Shares of Shopify (NYSE: SHOP) have gone in a different direction than Deere, losing nearly 74% of their value so far this year, and are a good reason why Wood's portfolios have been hurting. The e-commerce platform provider is currently the seventh-biggest holding for Wood.
Image source: Getty Images.
Shopify has become more than a point-of-sale company and is now a vertically integrated services provider for small and medium-sized businesses, offering them payments options, small business loans, and the chance to potentially reach hundreds of millions of consumers by selling on some of the biggest online platforms like TikTok, Facebook, Twitter, and YouTube.
The e-commerce platform is also attracting the attention of enterprise-class businesses too. While the meteoric growth of the early pandemic is not likely to be repeated, Shopify's 2021 annual sales of nearly $4.7 billion represent the company's massive potential.
Shopify doesn't charge its app developers any fees on the first $1 million in revenue they generate from their apps, so they're incentivized to create for the platform. Shopify also has a critical mass of customers that will grow the more creative options are available. More customers equals more app developers wanting to be on the platform, inducing more customers to sign up.
Look for Shopify to be handily beating the market in three to five years' time. A recession may be a short-term hindrance, but bear markets are typically measured in months, and bull markets in years. I'm bullish on the long-term growth of Shopify.
Nvidia
Chipmaker Nvidia (NASDAQ: NVDA) has never had the same sway over Wood's portfolio as Shopify, and the investing guru has at times all but sold out of her position in the company. Today, though, she has over half a million shares.
Nvidia's recent woes have been exacerbated by events in the cryptocurrency world, especially as Ethereum flipped from a proof-of-work validation system to a proof-of-stake system where stakeholders validate transactions. Nvidia's powerful chips were the driving force behind the validation process under the previous system, but are not needed under the current arrangement.
The company stumbled again with the launch of its new 4000 series of graphics cards, having to "unlaunch" one model and cut the price on others to get traction. But Nvidia remains the undisputed leader in the market for discrete graphics processing units, with an 88% share as of the third quarter of 2022.
The gaming segment has long been Nvidia's bread and butter, but that has declined in recent periods and revenue was down to $1.57 billion in the third quarter, a 51% drop year over year. It's been replaced by Nvidia's data center business, which represents almost two-thirds of total revenue, or $3.83 billion, up 30.5% from last year. That data center segment opens up potential for substantial growth, particularly as it is entering the complementary server processing market next year.
Along with its small but growing automotive business, healthcare framework, robotics, and AI factories, there are numerous levers for Nvidia to pull to make the semiconductor stock a winning bet once again. It foresees a $1 trillion total addressable market opportunity across its many businesses, a valuation it just might be to attain for itself within the next decade.
Find out why Shopify is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. Shopify is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of December 1, 2022
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ethereum, Nvidia, and Shopify. The Motley Fool recommends Deere and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere is benefiting from inflated commodity agricultural prices that are significantly above last year, due in good part to Russia's invasion of Ukraine, a substantial producer of Europe's wheat supply. Where her Ark Invest exchange-traded funds (ETFs) doubled investors' money in 2020, they have cooled off considerably since. But here are three stocks owned by Cathie Wood's ETFs that could handily outperform the broad market index over the next decade.
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Deere Wood has bought and sold Deere (NYSE: DE) numerous times over the past few years, most recently selling 5,800 shares last month. The Motley Fool recommends Deere and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. Where her Ark Invest exchange-traded funds (ETFs) doubled investors' money in 2020, they have cooled off considerably since.
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Shopify Shares of Shopify (NYSE: SHOP) have gone in a different direction than Deere, losing nearly 74% of their value so far this year, and are a good reason why Wood's portfolios have been hurting. Shopify has become more than a point-of-sale company and is now a vertically integrated services provider for small and medium-sized businesses, offering them payments options, small business loans, and the chance to potentially reach hundreds of millions of consumers by selling on some of the biggest online platforms like TikTok, Facebook, Twitter, and YouTube. The Motley Fool recommends Deere and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Where her Ark Invest exchange-traded funds (ETFs) doubled investors' money in 2020, they have cooled off considerably since. But here are three stocks owned by Cathie Wood's ETFs that could handily outperform the broad market index over the next decade.
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2022-12-16 00:00:00 UTC
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Surviving Market Volatility: 3 Low Beta Stocks to Consider
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Wall Street’s history is littered with boom-and-bust stories of investors who got overly aggressive and went on to blow up their accounts later. Legendary commodities trader Ed Seykota once famously warned “There are old traders and there are bold traders, but there are no old, bold traders.” The quote is a simple but valuable reminder that investing is a game of longevity, not a game of boom and bust.
What makes investing so tricky is trying to balance greed (wanting to make money) with fear (preserving money). Like the weather, the market environment is constantly changing. There are uptrends, down trends, and sideways, choppy markets. For most investors with experience, uptrends and downtrends become evident after a while. Investors may use moving averages or trendlines to identify them and get on board and follow the direction of the trend. However, the most difficult to identify is a rangebound market. Rangebound markets, like the one we’re in currently, have a way of sucking investors into trades and causing stop outs (death by a thousand cuts). These markets are the most dangerous of them all.
Image Source: Zacks Investment Research
Pictured: A 6 month chart of the Nasdaq 100 ETF (QQQ) shows how choppy the market has been.
Below are 3 tips for surviving these problematic markets:
· Patience: In fast markets, it’s best to slow down. In other words, sometimes, the name of the game is capital preservation rather than appreciation. Ted Williams became one of the most prolific batters in baseball history by patiently waiting for his pitch. Lions will quietly stalk their prey for hours before pouncing. As an investor, you always have the option of waiting or trading less until you get a more favorable environment. Wait for the fat pitch.
· Size Matters: The only true risk management parameter in the stock market is position size. If you are oversized in a position and the market or position you are in gaps down overnight, you are in for a bad day. During times of volatility, it is best to decrease position size. By reducing position size, you can better withstand the increase in volatility. Remember, you can always add to a stock later if the market’s volatility decreases.
· Slow and Steady Win the Race: If you decide to invest in a volatile market, it is best to stick with steady, low-beta names. Beta measures a stock’s volatility relative to the overall market. A beta of 1 signals that the stock moves in tandem with the market. A beta above one means that the stock tends to move more than the market, while a beta below 1 means it moves less than the market. For example, if a stock has a beta of 1.4, it means that the stock moves 40% more than the market. All else being equal, low-beta stocks are less risky than high-beta stocks.
Here are 3 stocks to help fight the current market volatility:
Caterpillar CAT is a nearly $120 billion global construction and mining equipment manufacturer known for its iconic yellow machines. Caterpillar is attractive in this environment because it has a 1.14 beta, a healthy 2.08% dividend, and holds a high Zack’s Ranking of 2. CAT has the benefit of being in a strong industry group. The Manufacturing – Construction and Mining Group is ranked 15 out of the 248 groups tracked by Zacks.
Image Source: Zacks Investment Research
Pictured: CAT's set up to have a strong 2023.
Deere & Co DE is the world’s largest manufacturer of agricultural equipment. Like CAT, DE has a large market capitalization ($128 billion), a low beta (1.09), and Zack’s Ranking of 2. Since the pandemic crash, agricultural equipment has been in high demand, and Deere’s stock and fundamentals have benefitted as a result. The fact and the matter is that agriculture is a staple in the global economy and as a result, this veteran company will continue to benefit. Last quarter, DE grew EPS by 81% on revenue growth of 37% - an impressive feat for a company of its size. Investors would be hard-pressed to find a more dominant company in its space.
Image Source: Zacks Investment Research
Pictured: DE's return on equity is more than double that of its peers.
Few businesses are as steady as Philip Morris International PM. Philip Morris manufactures cigarettes and recently has entered the smoke-free, reduced-risk products category. While PM holds a mediocre Zack’s Rank of 3, the stock is the quintessential steady mover. The stock has a beta of just 0.70, which means it tends to swing less than the general market. Furthermore, PM pays a generous dividend of 5.02%. Though it won’t ever likely produce multi-bag gains in a year any time soon, the stock is an excellent place to park capital until the storm passes over.
Image Source: Zacks Investment Research
Pictured: Despite PM's low beta, the stock has outperformed the S&P 500 in recent months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Philip Morris International Inc. (PM) : 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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Legendary commodities trader Ed Seykota once famously warned “There are old traders and there are bold traders, but there are no old, bold traders.” The quote is a simple but valuable reminder that investing is a game of longevity, not a game of boom and bust. There are uptrends, down trends, and sideways, choppy markets. For most investors with experience, uptrends and downtrends become evident after a while.
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Image Source: Zacks Investment Research Pictured: Despite PM's low beta, the stock has outperformed the S&P 500 in recent months. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Philip Morris International Inc. (PM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Legendary commodities trader Ed Seykota once famously warned “There are old traders and there are bold traders, but there are no old, bold traders.” The quote is a simple but valuable reminder that investing is a game of longevity, not a game of boom and bust.
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Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Philip Morris International Inc. (PM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Legendary commodities trader Ed Seykota once famously warned “There are old traders and there are bold traders, but there are no old, bold traders.” The quote is a simple but valuable reminder that investing is a game of longevity, not a game of boom and bust. There are uptrends, down trends, and sideways, choppy markets.
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During times of volatility, it is best to decrease position size. Like CAT, DE has a large market capitalization ($128 billion), a low beta (1.09), and Zack’s Ranking of 2. Legendary commodities trader Ed Seykota once famously warned “There are old traders and there are bold traders, but there are no old, bold traders.” The quote is a simple but valuable reminder that investing is a game of longevity, not a game of boom and bust.
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2022-12-16 00:00:00 UTC
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Are Industrial Products Stocks Lagging Deere & Company (DE) This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Deere (DE) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Deere is one of 219 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deere is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DE's full-year earnings has moved 4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DE has gained about 25.3% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 12.3% on average. This shows that Deere is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Tenaris S.A. (TS). The stock has returned 58.9% year-to-date.
In Tenaris S.A.'s case, the consensus EPS estimate for the current year increased 7.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Deere belongs to the Manufacturing - Farm Equipment industry, a group that includes 8 individual stocks and currently sits at #99 in the Zacks Industry Rank. Stocks in this group have gained about 23.6% so far this year, so DE is performing better this group in terms of year-to-date returns.
In contrast, Tenaris S.A. falls under the Steel - Pipe and Tube industry. Currently, this industry has 4 stocks and is ranked #23. Since the beginning of the year, the industry has moved +41.6%.
Investors interested in the Industrial Products sector may want to keep a close eye on Deere and Tenaris S.A. as they attempt to continue their solid performance.
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
Tenaris S.A. (TS) : 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 those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Investors interested in the Industrial Products sector may want to keep a close eye on Deere and Tenaris S.A. as they attempt to continue their solid performance. 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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Over the past 90 days, the Zacks Consensus Estimate for DE's full-year earnings has moved 4% higher. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers.
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Looking more specifically, Deere belongs to the Manufacturing - Farm Equipment industry, a group that includes 8 individual stocks and currently sits at #99 in the Zacks Industry Rank. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers.
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Deere (DE) been one of those stocks this year? Deere is one of 219 individual stocks in the Industrial Products sector.
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2022-12-16 00:00:00 UTC
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Here's Why Deere Is a No-Brainer Machinery Stock
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https://www.nasdaq.com/articles/heres-why-deere-is-a-no-brainer-machinery-stock
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Everyone knows it's been a rough year on Wall Street. Major indexes like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are likely to close out 2022 in the red.
Yet, there is a stock that has delivered a 26% year-to-date return, and, better yet, it's poised to repeat that performance in 2023. The stock is Deere & Company (NYSE: DE), and here's why it's a no-brainer buy heading into the new year.
Image source: Getty Images.
Deere just turned in a stellar year
Many companies have struggled in 2022. And there are good reasons why. Inflation is high, the Federal Reserve is hiking interest rates, and the U.S. dollar's rise has put foreign exchange pressure on large multinationals based in the U.S. Yet, Deere has shrugged off these headwinds and delivered an absolute home run of a year.
Image source: Deere & Company Investor Relations.
As you can see above, Deere grew sales by 19% year over year. Net income surged 20% to $7.1 billion; earnings jumped 23% to $23.28/share. Simply put, Deere had a historic year. In its most recent quarter (the three months ended Oct. 29, 2022), Deere recorded quarterly revenue growth of 43%. That's its highest level since the 1980s.
To say the company's management is executing its strategy is an understatement. Deere is firing on all cylinders.
Deere's pricing power is leading to industry-best margins
Running a farm is hard. You need lots of land, good weather, know-how, and some very expensive machinery. For example, take combines, the machines used to harvest grains. A new one often costs $1 million or more.
Over the last year, as commodity prices have swung wildly due to supply chain issues and the conflict in Ukraine, many farmers have invested in new machinery to help meet the growing demand for agricultural products. And Deere, with its trusted brand status, has hiked its prices in response.
DE Gross Profit Margin data by YCharts
In turn, Deere's margins have expanded. The company boasts gross and operating margins that dwarf its nearest competitors Kubota Corporation and CNH Industrial NV.
Is Deere a buy now?
As impressive as Deere's performance in 2022, I think 2023 (and beyond) will be even better. The company is likely to benefit from ongoing tailwinds from order backlogs for its equipment and increased purchases due to last year's infrastructure package.
Wall Street analysts agree and are bullish on Deere. They expect the company to earn $28.05/share in 2023, up 20% year over year. And those estimates have been rising. Only 90 days ago, Wall Street expected Deere to earn $26.14/share, demonstrating how quickly earnings estimates can change after a company delivers a blowout quarter.
That's not to say Deere is a sure thing. The global economy is still fragile, and a recession in 2023 isn't out of the question. However, for me, Deere is a no-brainer stock that investors can buy and hold -- knowing that it is a well-run and well-positioned company committed to delivering value for shareholders for years into the future.
10 stocks we like better than Deere
When our award-winning 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 December 1, 2022
Jake Lerch has no position in any of the stocks mentioned. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Inflation is high, the Federal Reserve is hiking interest rates, and the U.S. dollar's rise has put foreign exchange pressure on large multinationals based in the U.S. Over the last year, as commodity prices have swung wildly due to supply chain issues and the conflict in Ukraine, many farmers have invested in new machinery to help meet the growing demand for agricultural products. However, for me, Deere is a no-brainer stock that investors can buy and hold -- knowing that it is a well-run and well-positioned company committed to delivering value for shareholders for years into the future.
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Image source: Deere & Company Investor Relations. Only 90 days ago, Wall Street expected Deere to earn $26.14/share, demonstrating how quickly earnings estimates can change after a company delivers a blowout quarter. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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The stock is Deere & Company (NYSE: DE), and here's why it's a no-brainer buy heading into the new year. Only 90 days ago, Wall Street expected Deere to earn $26.14/share, demonstrating how quickly earnings estimates can change after a company delivers a blowout quarter. However, for me, Deere is a no-brainer stock that investors can buy and hold -- knowing that it is a well-run and well-positioned company committed to delivering value for shareholders for years into the future.
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Only 90 days ago, Wall Street expected Deere to earn $26.14/share, demonstrating how quickly earnings estimates can change after a company delivers a blowout quarter. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! Major indexes like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are likely to close out 2022 in the red.
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50222014-77da-4587-92d1-1ec33b9615fb
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720925.0
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2022-12-15 00:00:00 UTC
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Caterpillar Stock Is A Better Pick Over This Relatively Small Industry Peer
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https://www.nasdaq.com/articles/caterpillar-stock-is-a-better-pick-over-this-relatively-small-industry-peer
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nan
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We believe that Caterpillar stock (NYSE: CAT) is currently a better pick than its industry peer, Terex stock (NYSE: TEX), given its better prospects. Although Caterpillar is trading at a comparatively higher valuation of 2.1x trailing revenues, compared to just 0.7x for Terex, this valuation gap is justified, given Caterpillar’s superior revenue growth, profitability, and lower financial risk, as discussed below.
Looking at stock returns, Caterpillar, with a 14% return this year, has fared better than Terex stock, down 1%. This compares with -16% returns for the broader S&P500 index over this period. There is more to the comparison, and in the sections below, we discuss why we believe CAT stock will offer better returns than TEX stock in the next three years. We compare several factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Caterpillar vs. Terex: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Caterpillar’s Revenue Growth Is Better
Both companies posted revenue growth over the recent quarters. Still, Caterpillar’s revenue growth of 17.0% over the last twelve months is slightly better than 13.8% for Terex.
However, if we look at a longer time frame, both companies have seen their sales decline. Caterpillar’s sales fell at an average annual rate of 0.7% to $51.0 billion in 2021, compared to $54.7 billion in 2018. In comparison, Terex saw its sales fall at an average rate of 2.2% to $3.9 billion in 2021, vs. $4.5 billion in 2018.
A better pricing environment has driven Caterpillar’s revenue growth over the recent quarters.
Caterpillar is also benefiting from the rise in commodity prices. Higher commodity prices translate into higher capital spending for miners, bolstering the demand for Caterpillar’s mining equipment. In fact, the resource industries was the best performing segment for Caterpillar for the nine months ending Sep 2022, led by a high end-user demand for heavy construction and mining equipment.
Terex is a global manufacturer of lifting and material processing products, and its revenue growth over the recent years was impacted by Covid-19, which weighed on demand for aerial work platforms (elevating work platforms).
Terex has seen a rebound in demand for aerial work platforms, materials processing equipment, concrete mixer trucks, and cranes over the last year or so, a trend expected to continue in the near term. Furthermore, Terex has also benefited from better pricing.
Our Caterpillar Revenue Comparison and Terex Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, Caterpillar’s revenue growth over the next three years is expected to be better than Terex’s. The table below summarizes our revenue expectations for the two companies over the next three years. It points to a CAGR of 8.7% for Caterpillar, compared to a 3.1% CAGR for Terex, based on Trefis Machine Learning analysis.
Note that we have different methodologies for companies that are negatively impacted by Covid and those that are not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to forecast recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed in the three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. Caterpillar Is More Profitable And Comes With Lower Financial Risk
Caterpillar’s operating margin of 13.1% over the last twelve-month period is better than 9.9% for Terex.
This compares with 14.6% and 9.7% figures seen in 2019, before the pandemic, respectively.
Caterpillar’s free cash flow margin of 11.4% is also better than 1.8% for Terex.
Our Caterpillar Operating Income Comparison and Terex Operating Income Comparison dashboards have more details.
Looking at financial risk, Caterpillar fares better of the two. Its 3.4% debt as a percentage of equity is much lower than 28.2% for Terex, while its 7.8% cash as a percentage of assets aligns with Terex’s, implying that Caterpillar has a better debt position, and both of them have a similar cash cushion.
3. The Net of It All
We see that Caterpillar has demonstrated better revenue growth, is more profitable, and has a better debt position. On the other hand, Terex has a similar cash cushion and is trading at a comparatively lower valuation.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Caterpillar is currently the better choice of the two, despite its higher valuation.
The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 8% for Caterpillar over this period vs. a -6% expected return for Terex, implying that investors are better off buying CAT over TEX, based on Trefis Machine Learning analysis –Caterpillar vs. Terex – which also provides more details on how we arrive at these numbers.
While CAT may outperform TEX stock, it is helpful to see how Caterpillar’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for FedEx vs. Amerco.
Despite inflation rising and the Fed raising interest rates, CAT stock has risen 14% this year. But can it drop from here? See how low Caterpillar stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Dec 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
CAT Return 0% 14% 154%
TEX Return -5% -1% 38%
S&P 500 Return -1% -16% 80%
Trefis Multi-Strategy Portfolio 0% -18% 231%
[1] Month-to-date and year-to-date as of 12/14/2022
[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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In fact, the resource industries was the best performing segment for Caterpillar for the nine months ending Sep 2022, led by a high end-user demand for heavy construction and mining equipment. Terex has seen a rebound in demand for aerial work platforms, materials processing equipment, concrete mixer trucks, and cranes over the last year or so, a trend expected to continue in the near term. This compares with -16% returns for the broader S&P500 index over this period.
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Our Caterpillar Operating Income Comparison and Terex Operating Income Comparison dashboards have more details. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 8% for Caterpillar over this period vs. a -6% expected return for Terex, implying that investors are better off buying CAT over TEX, based on Trefis Machine Learning analysis –Caterpillar vs. Terex – which also provides more details on how we arrive at these numbers. This compares with -16% returns for the broader S&P500 index over this period.
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The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 8% for Caterpillar over this period vs. a -6% expected return for Terex, implying that investors are better off buying CAT over TEX, based on Trefis Machine Learning analysis –Caterpillar vs. Terex – which also provides more details on how we arrive at these numbers. This compares with -16% returns for the broader S&P500 index over this period. However, if we look at a longer time frame, both companies have seen their sales decline.
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This compares with -16% returns for the broader S&P500 index over this period. However, if we look at a longer time frame, both companies have seen their sales decline. Higher commodity prices translate into higher capital spending for miners, bolstering the demand for Caterpillar’s mining equipment.
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4ea0c026-682f-46aa-a7fc-74ca87e53a64
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720926.0
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2022-12-15 00:00:00 UTC
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Noteworthy Thursday Option Activity: DE, OTIS, MU
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-de-otis-mu
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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 8,016 contracts have traded so far, representing approximately 801,600 underlying shares. That amounts to about 46.6% of DE's average daily trading volume over the past month of 1.7 million shares. Particularly high volume was seen for the $365 strike call option expiring December 16, 2022, with 350 contracts trading so far today, representing approximately 35,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $365 strike highlighted in orange:
Otis Worldwide Corp (Symbol: OTIS) saw options trading volume of 10,300 contracts, representing approximately 1.0 million underlying shares or approximately 45.4% of OTIS's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $82.50 strike call option expiring March 17, 2023, with 10,009 contracts trading so far today, representing approximately 1.0 million underlying shares of OTIS. Below is a chart showing OTIS's trailing twelve month trading history, with the $82.50 strike highlighted in orange:
And Micron Technology Inc. (Symbol: MU) saw options trading volume of 64,060 contracts, representing approximately 6.4 million underlying shares or approximately 44.9% of MU's average daily trading volume over the past month, of 14.3 million shares. Particularly high volume was seen for the $51 strike put option expiring December 16, 2022, with 3,562 contracts trading so far today, representing approximately 356,200 underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $51 strike highlighted in orange:
For the various different available expirations for DE options, OTIS options, or MU options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
High Yield Baby Bonds
MAC Next Dividend Date
Funds Holding KNSL
The views and 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 $365 strike call option expiring December 16, 2022, with 350 contracts trading so far today, representing approximately 35,000 underlying shares of DE. Particularly high volume was seen for the $82.50 strike call option expiring March 17, 2023, with 10,009 contracts trading so far today, representing approximately 1.0 million underlying shares of OTIS. Particularly high volume was seen for the $51 strike put option expiring December 16, 2022, with 3,562 contracts trading so far today, representing approximately 356,200 underlying shares of MU.
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Particularly high volume was seen for the $365 strike call option expiring December 16, 2022, with 350 contracts trading so far today, representing approximately 35,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $365 strike highlighted in orange: Otis Worldwide Corp (Symbol: OTIS) saw options trading volume of 10,300 contracts, representing approximately 1.0 million underlying shares or approximately 45.4% of OTIS's average daily trading volume over the past month, of 2.3 million shares. Below is a chart showing OTIS's trailing twelve month trading history, with the $82.50 strike highlighted in orange: And Micron Technology Inc. (Symbol: MU) saw options trading volume of 64,060 contracts, representing approximately 6.4 million underlying shares or approximately 44.9% of MU's average daily trading volume over the past month, of 14.3 million shares.
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Below is a chart showing DE's trailing twelve month trading history, with the $365 strike highlighted in orange: Otis Worldwide Corp (Symbol: OTIS) saw options trading volume of 10,300 contracts, representing approximately 1.0 million underlying shares or approximately 45.4% of OTIS's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $82.50 strike call option expiring March 17, 2023, with 10,009 contracts trading so far today, representing approximately 1.0 million underlying shares of OTIS. Below is a chart showing OTIS's trailing twelve month trading history, with the $82.50 strike highlighted in orange: And Micron Technology Inc. (Symbol: MU) saw options trading volume of 64,060 contracts, representing approximately 6.4 million underlying shares or approximately 44.9% of MU's average daily trading volume over the past month, of 14.3 million shares.
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Particularly high volume was seen for the $82.50 strike call option expiring March 17, 2023, with 10,009 contracts trading so far today, representing approximately 1.0 million underlying shares of OTIS. Below is a chart showing OTIS's trailing twelve month trading history, with the $82.50 strike highlighted in orange: And Micron Technology Inc. (Symbol: MU) saw options trading volume of 64,060 contracts, representing approximately 6.4 million underlying shares or approximately 44.9% of MU's average daily trading volume over the past month, of 14.3 million shares. Particularly high volume was seen for the $51 strike put option expiring December 16, 2022, with 3,562 contracts trading so far today, representing approximately 356,200 underlying shares of MU.
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692b29b1-c4b1-4080-87ad-851e7ff40a20
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720927.0
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2022-12-13 00:00:00 UTC
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You'll Want to Own This Warren Buffett Stock When the Market Rebounds
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https://www.nasdaq.com/articles/youll-want-to-own-this-warren-buffett-stock-when-the-market-rebounds
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nan
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This has been a year many investors would like to forget. The S&P 500 index is down 17% since the start of the year, while the tech-heavy Nasdaq Composite is down more than 29%.
Although no one knows when the market will rebound, every bear market has eventually given way to a bull market. One way you can capitalize on the rebound in stocks is by investing in specialty insurer Markel (NYSE: MKL).
Markel writes insurance policies, but what I find most intriguing is its sizable investment portfolio. While most insurers invest conservatively in bonds, Markel takes a more aggressive approach by investing in stocks and private businesses to boost returns, earning it the nickname Baby Berkshire. Here's why the insurer deserves a spot in your portfolio.
Markel writes insurance policies on things others won't touch
Markel writes insurance policies for individuals and businesses, covering things traditional insurers won't touch. These policies are known as excess and surplus (E&S) because they are above and beyond standard insurance policies.
It offers policies covering small businesses, such as health and fitness centers, cattle farms and ranches, and medical services. Its policies for individuals range from bicycles, classic cars, and watercraft to wedding insurance.
Competition in E&S insurance is less about competing on price and more about using built-up knowledge to manage these unique risks. Markel has done a solid job of managing its risks and writing profitable insurance policies.
One measure of an insurer's profitability is its combined ratio, which is the ratio of claims and expenses divided by premiums collected. A ratio of less than 100% is good because it means a company is writing profitable policies. Over the last decade, Markel's combined ratio has averaged 95.5%.
It takes a more aggressive investment approach compared to peers
Markel does a fine job of writing policies on hard-to-place risk. However, its investment portfolio makes it stand out from other insurers.
Insurers collect premiums up front and don't need to pay out until customers make claims. In the meantime, insurers can put this cash (called the "float") to work in investments. When the policy period ends, the company keeps any funds not used to pay claims and is free to invest them as it sees fit.
Markel invests in high-quality government, municipal, and corporate bonds. And unlike most other insurers, Markel also invests significantly in equities and private companies -- 33% of its $21 billion investment portfolio is in equities. Some of Markel's largest investments include Berkshire Hathaway, Brookfield Asset Management, Alphabet, Home Depot, Deere & Co., Diageo, and Amazon.
The insurer also operates a Markel Venture segment, through which it owns a controlling interest in businesses outside of insurance. Some of its investments include luxury handbags, heavy construction machinery, homebuilders, and building supplies.
Its approach to investing in stocks and private companies is similar to that of Warren Buffett and Berkshire Hathaway: It seeks out high-quality, honest management teams, good capital discipline, and a reasonable acquisition price and intends to hold these investments for a long time.
Warren Buffett is already a huge fan of insurers because of the cash flow they generate. This, combined with Markel's similar investment principles, is likely why Berkshire Hathaway bought a stake in the specialty insurer for the first time this year, adding over 467,000 shares worth more than $600 million as of this writing.
Stellar cash flows from its insurance business will help grow its investment portfolio
Markel has done a stellar job of directing its investments in publicly and privately traded companies, but this year, those investments have struggled along with the rest of the market. Its investment losses through three-quarters of this year total $2.2 billion after posting gains of $1.1 billion in the same period last year.
Despite this, the stock is still up more than 4% this year as its insurance business keeps humming along. Its earned premiums are up 18% from the year before, driven by higher volumes, a favorable pricing environment, and expanded product offerings.
The company's free cash flow, or cash left over after paying for operations and capital expenditures, was $860 million in the third quarter. Markel can put this cash to work in more investments and take advantage of higher interest rates and discounted stock prices -- so when the market rebounds, this company will be in an excellent position to reap the rewards.
10 stocks we like better than Markel
When our award-winning 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 Markel 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 December 1, 2022
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Courtney Carlsen has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Berkshire Hathaway, Brookfield Asset Management, Home Depot, and Markel. The Motley Fool recommends Deere and Diageo Plc and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, short January 2023 $200 puts on Berkshire Hathaway, and short January 2023 $265 calls on Berkshire Hathaway. 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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Some of Markel's largest investments include Berkshire Hathaway, Brookfield Asset Management, Alphabet, Home Depot, Deere & Co., Diageo, and Amazon. The S&P 500 index is down 17% since the start of the year, while the tech-heavy Nasdaq Composite is down more than 29%. Here's why the insurer deserves a spot in your portfolio.
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Some of Markel's largest investments include Berkshire Hathaway, Brookfield Asset Management, Alphabet, Home Depot, Deere & Co., Diageo, and Amazon. The Motley Fool recommends Deere and Diageo Plc and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, short January 2023 $200 puts on Berkshire Hathaway, and short January 2023 $265 calls on Berkshire Hathaway. The S&P 500 index is down 17% since the start of the year, while the tech-heavy Nasdaq Composite is down more than 29%.
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Stellar cash flows from its insurance business will help grow its investment portfolio Markel has done a stellar job of directing its investments in publicly and privately traded companies, but this year, those investments have struggled along with the rest of the market. The S&P 500 index is down 17% since the start of the year, while the tech-heavy Nasdaq Composite is down more than 29%. Here's why the insurer deserves a spot in your portfolio.
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Despite this, the stock is still up more than 4% this year as its insurance business keeps humming along. The S&P 500 index is down 17% since the start of the year, while the tech-heavy Nasdaq Composite is down more than 29%. Here's why the insurer deserves a spot in your portfolio.
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fd671d4f-58ca-4181-8e9a-190c66b45792
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720928.0
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2022-12-12 00:00:00 UTC
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Reasons to Hold Deere (DE) Stock In Your Portfolio
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https://www.nasdaq.com/articles/reasons-to-hold-deere-de-stock-in-your-portfolio
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nan
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Deere & Company DE impressed investors by delivering growth in both its top and the bottom line for the last three consecutive quarters despite inflationary pressures and supply-chain snarls. This has been aided by improving demand in its end markets and price realization that helped offset the steep production and other expenses. DE will continue to benefit from improving commodity prices, which will encourage farmers to spend more on farm equipment. Strong replacement demand will also continue to boost its top line. Demand for construction equipment will be supported by the anticipated growth in infrastructure investments.
Deere currently has a Zacks Rank #3 (Hold) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy), or Rank #2 (Buy), or #3 offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Let’s delve deeper and analyze the factors that make this stock worth holding in.
Solid Q4 Results: Deere recently reported fourth-quarter fiscal 2022 earnings of $7.44 per share, which marked a solid 81% improvement from the prior-year fiscal quarter’s levels. This followed a 20% increase in earnings per share in the second quarter of fiscal 2022 and 16% in the third quarter. DE has been witnessing strong demand for both farm and construction equipment. Higher shipment volumes and price realization has helped offset the impact of higher costs.
Upbeat FY23 Guidance: Deere expects net income for fiscal 2023 between $8 billion and $8.5 billion compared with $7.1 billion in fiscal 2022.
Positive Earnings Surprise History: DE has an average trailing four-quarter earnings surprise of 7.1%.
Healthy Growth Projections: The Zacks Consensus Estimate for Deere’s fiscal 2023 earnings is currently pegged at $27.28, suggesting year-over-year growth of 17.2%. The consensus mark for fiscal 2024 earnings stands at $28.90, indicating an expected improvement of 6% over fiscal 2023. DE has an estimated long-term earnings growth rate of around 12%.
Strong Demand to Fuel Top Line
The USDA (U.S Department of Agriculture) projects net farm income at $160.5 billion for 2022, indicating a 13.8% year-over-year increase. If realized, net farm income will reach the highest level since 1973. Crop receipts are expected to be up 19% in 2022 from the prior-year levels, backed by solid gains in soybeans, corn and wheat. Corn and soybean prices are expected to remain strong next year as well.
The upbeat outlook for corn and soybeans, which are the most important grains for cash crop farming, bodes well for farmer sentiment and will likely translate into improved order levels for Deere. The need to replace aging equipment will also support demand for Deere’s agricultural equipment. Demand for its construction equipment will be supported by increased infrastructure spending.
Efforts to Improve Margins
Deere is assessing cost structure by reviewing organization efficiency and footprint assessment, which in turn will help improve margins. Its price realization action is expected to offset higher material and freight costs. Deere’s smart industrial strategy is aiding customers manage escalating input costs while improving their yields.
Growth Strategies in Place
Deere remains well poised for growth over the long term, backed by steady investments in new products and geographies. The company will benefit from the concerted focus on launching products with advanced technology and features, which provides it with a competitive edge. The company is seeing strong demand from its new product launches like ExactRate planter applied fertilizer systems and AutoPath.
Deere acquired Bear Flag Robotics, which develops autonomous driving technology compatible with existing machines. The acquisition underscores Deere’s smart industrial strategy to deliver smarter machines with advanced technology. The combination of Deere, Blue River and Bear Flag positions automated farming as a key opportunity for creating value for the company and its customers.
Price Performance
Image Source: Zacks Investment Research
Shares of Deere have gained 23.8% in the past year compared with the industry’s 21.8% growth.
Stocks to Consider
Some better-ranked stocks from the Industrial Products sector are Applied Industrial Technologies AIT, Tenaris TS and W.W. Grainger GWW. AIT sports a Zacks Rank #1, while TS and GWW hold Zacks Rank #2 at present.
Applied Industrial Technologies’ earnings surprise in the last four quarters was 24.7%, on average. In the past 60 days, its earnings estimates have increased 4.6% for 2022. For the ongoing year, the bottom line is estimated to be $7.52, suggesting growth of 14.3% from the previous year’s level. AIT stock has appreciated 26% in the past year.
Tenaris has an estimated year-over-year earnings growth rate of 131.5% for the current fiscal year. The earnings per estimate are currently pegged at $4.33. The estimates have been revised by 5.1% north in the past 60 days. TS has an average trailing four-quarter earnings surprise of 20.9%. Its shares have surged 57% over the past year.
W.W. Grainger delivered a trailing four-quarter earnings surprise of 10.1%, on average. GWW’s current-year earnings are estimated to be $29.31 per share at present, suggesting an estimated growth of 161.1% from the year-ago reported figure. The estimates have moved up 4.4% in the last 60 days. GWW’s shares have risen 16% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Tenaris S.A. (TS) : 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 impressed investors by delivering growth in both its top and the bottom line for the last three consecutive quarters despite inflationary pressures and supply-chain snarls. Strong Demand to Fuel Top Line The USDA (U.S Department of Agriculture) projects net farm income at $160.5 billion for 2022, indicating a 13.8% year-over-year increase. The upbeat outlook for corn and soybeans, which are the most important grains for cash crop farming, bodes well for farmer sentiment and will likely translate into improved order levels for Deere.
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Solid Q4 Results: Deere recently reported fourth-quarter fiscal 2022 earnings of $7.44 per share, which marked a solid 81% improvement from the prior-year fiscal quarter’s levels. Healthy Growth Projections: The Zacks Consensus Estimate for Deere’s fiscal 2023 earnings is currently pegged at $27.28, suggesting year-over-year growth of 17.2%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Solid Q4 Results: Deere recently reported fourth-quarter fiscal 2022 earnings of $7.44 per share, which marked a solid 81% improvement from the prior-year fiscal quarter’s levels. Healthy Growth Projections: The Zacks Consensus Estimate for Deere’s fiscal 2023 earnings is currently pegged at $27.28, suggesting year-over-year growth of 17.2%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Shares of Deere have gained 23.8% in the past year compared with the industry’s 21.8% growth. Deere & Company DE impressed investors by delivering growth in both its top and the bottom line for the last three consecutive quarters despite inflationary pressures and supply-chain snarls. This has been aided by improving demand in its end markets and price realization that helped offset the steep production and other expenses.
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2022-12-12 00:00:00 UTC
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Notable ETF Inflow Detected - IWV, LOW, ELV, DE
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 3000 ETF (Symbol: IWV) where we have detected an approximate $113.4 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 46,300,000 to 46,800,000). Among the largest underlying components of IWV, in trading today Lowe's Companies Inc (Symbol: LOW) is off about 0.1%, Elevance Health Inc (Symbol: ELV) is up about 1.3%, and Deere & Co. (Symbol: DE) is up by about 0.1%. For a complete list of holdings, visit the IWV Holdings page » The chart below shows the one year price performance of IWV, versus its 200 day moving average:
Looking at the chart above, IWV's low point in its 52 week range is $201.8201 per share, with $280.44 as the 52 week high point — that compares with a last trade of $227.57. 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:
Institutional Holders of QQQJ
Arch Capital Group RSI
Top Ten Hedge Funds Holding ASPX
The views and 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: Institutional Holders of QQQJ Arch Capital Group RSI Top Ten Hedge Funds Holding ASPX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IWV, in trading today Lowe's Companies Inc (Symbol: LOW) is off about 0.1%, Elevance Health Inc (Symbol: ELV) is up about 1.3%, and Deere & Co. (Symbol: DE) is up by about 0.1%. For a complete list of holdings, visit the IWV Holdings page » The chart below shows the one year price performance of IWV, versus its 200 day moving average: Looking at the chart above, IWV's low point in its 52 week range is $201.8201 per share, with $280.44 as the 52 week high point — that compares with a last trade of $227.57. 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''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 3000 ETF (Symbol: IWV) where we have detected an approximate $113.4 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 46,300,000 to 46,800,000). For a complete list of holdings, visit the IWV Holdings page » The chart below shows the one year price performance of IWV, versus its 200 day moving average: Looking at the chart above, IWV's low point in its 52 week range is $201.8201 per share, with $280.44 as the 52 week high point — that compares with a last trade of $227.57. 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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Among the largest underlying components of IWV, in trading today Lowe's Companies Inc (Symbol: LOW) is off about 0.1%, Elevance Health Inc (Symbol: ELV) is up about 1.3%, and Deere & Co. (Symbol: DE) is up by about 0.1%. For a complete list of holdings, visit the IWV Holdings page » The chart below shows the one year price performance of IWV, versus its 200 day moving average: Looking at the chart above, IWV's low point in its 52 week range is $201.8201 per share, with $280.44 as the 52 week high point — that compares with a last trade of $227.57. 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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2022-12-12 00:00:00 UTC
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The Zacks Analyst Blog Highlights Merck, Bristol-Myers Squibb and Deere
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-merck-bristol-myers-squibb-and-deere
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For Immediate Release
Chicago, IL – December 12, 2022 – 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: Merck & Co., Inc. MRK, Bristol-Myers Squibb Co. BMY and Deere & Co. DE.
Here are highlights from Friday’s Analyst Blog:
Early Q4 Earnings Results and Analyst Reports for Merck, Bristol-Myers and Deere
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features an update on the Q4 earnings season which got underway this week. We are also featuring the updated December Economic Outlook report, in addition to new research reports on 16 major stocks, including Merck & Co., Inc. (MRK), Bristol-Myers Squibb Co. (BMY) and Deere & Co. (DE).
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 >>>
Zacks Economic Outlook for December 2022 ----> Christmastime U.S. Retail Sales Update
Q4 Earnings Season Gets Underway
This week's quarterly reports from AutoZone (AZO) and Costco (COST) for their fiscal quarters ending in November that we count as part of the 2022 Q4 earnings tally. Next week's reports from the likes of Adobe, Orable, Accenture, Lennar and others will similarly count as part of the 2022 Q4 tally.
Aggregate Q4 earnings for Costco and AutoZone are up +2.2% from the same period last year on +8.1% higher revenues, with only one of the two (AutoZone) beating EPS and revenue estimates.
Looking at Q4 as a whole, total S&P 500 earnings are expected to be down -5.9% from the same period last year on +4.3% higher revenues.
Excluding contributions from the Energy sector whose earnings are expected to be up +56.9%, Q4 earnings for the rest of the index are expected to be down -10.3% from the same period last year. Estimates have been steadily coming down, with the current -5.9% decline down from +1.7% on October 5th.
Today's Featured Analyst Reports
Shares of Merck & Co have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+52.7% vs. +19.3%) on the back of strong sales momentum from drugs like Keytruda and the Gardasil vaccine. With continued label expansion into new indications & early-stage settings, Keytruda is expected to remain a key top-line driver.
Animal health and vaccine products are core growth drivers. Its new COVID oral antiviral pill, Lagevrio has become a key top-line driver in 2022. Merck boasts a strong cancer pipeline, including Keytruda, which should help drive long-term growth.
However, generic competition for several drugs and rising competitive pressure, mainly on the diabetes franchise, will continue to be overhangs on the top line. There are concerns about Merck’s ability to grow its non-oncology business ahead of Keytruda’s loss of exclusivity later in the decade.
(You can read the full research report on Merck & Co here >>>)
Shares of Bristol-Myers Squibb have outperformed the Zacks Medical - Biomedical and Genetics industry over the past year (+41.7% vs. -17.8%). Solid demand for the company’s blood thinner drug Eliquis and the label expansion of Opdivo are maintaining momentum for Bristol-Myers. Eliquis is the leading oral anticoagulant drug and continues to experience growth in its market share.
The label expansion of Opdivo into indications for lung cancer, renal cancer and gastric cancer boosted sales. The recent approval of drugs like Opdualag, Breyanzi and Sotyktu will add a new stream of revenues. Our estimates for BMY’s top line suggest a CAGR of around 1% over the next three years, driven by solid demand for legacy drugs and the approval of new drugs.
However, Revlimid, one of the top revenue generators, is facing generic competition and sales are being adversely impacted.
(You can read the full research report on Bristol-Myers Squibb here >>>)
Deere & Company shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+23.6% vs. +21.7%). The company is poised well to gain on improving commodity prices, which will encourage farmers to spend more on farm equipment. Strong replacement demand will also continue to boost its top line.
Demand for Construction equipment will likely benefit from anticipated growth in infrastructure investments. Higher material and labor costs will likely dent margins. However, we expect Deere’s adjusted earnings per share to grow 16% in fiscal 2023, led by strong demand and pricing. Product launches equipped with the latest technology to make farming automated will continue to provide it with an edge over its competitors.
It will benefit in the long run from rapid growth in global population as well as the rising worldwide infrastructure needs. Our estimates for Deere’s bottom line suggest a CAGR of around 2% over the 2022-2025 forecast period.
(You can read the full research report on Deere & Company here >>>)
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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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.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 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
Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report
Merck & Co., Inc. (MRK) : 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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(You can read the full research report on Bristol-Myers Squibb here >>>) Deere & Company shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+23.6% vs. +21.7%). For Immediate Release Chicago, IL – December 12, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Stocks recently featured in the blog include: Merck & Co., Inc. MRK, Bristol-Myers Squibb Co. BMY and Deere & Co. DE.
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We are also featuring the updated December Economic Outlook report, in addition to new research reports on 16 major stocks, including Merck & Co., Inc. (MRK), Bristol-Myers Squibb Co. (BMY) and Deere & Co. (DE). You can see all of today’s research reports here >>> Zacks Economic Outlook for December 2022 ----> Christmastime U.S. Retail Sales Update Q4 Earnings Season Gets Underway This week's quarterly reports from AutoZone (AZO) and Costco (COST) for their fiscal quarters ending in November that we count as part of the 2022 Q4 earnings tally. Click to get this free report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Friday’s Analyst Blog: Early Q4 Earnings Results and Analyst Reports for Merck, Bristol-Myers and Deere The Zacks Research Daily presents the best research output of our analyst team. You can see all of today’s research reports here >>> Zacks Economic Outlook for December 2022 ----> Christmastime U.S. Retail Sales Update Q4 Earnings Season Gets Underway This week's quarterly reports from AutoZone (AZO) and Costco (COST) for their fiscal quarters ending in November that we count as part of the 2022 Q4 earnings tally. Click to get this free report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We are also featuring the updated December Economic Outlook report, in addition to new research reports on 16 major stocks, including Merck & Co., Inc. (MRK), Bristol-Myers Squibb Co. (BMY) and Deere & Co. (DE). Excluding contributions from the Energy sector whose earnings are expected to be up +56.9%, Q4 earnings for the rest of the index are expected to be down -10.3% from the same period last year. For Immediate Release Chicago, IL – December 12, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog.
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2022-12-12 00:00:00 UTC
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Zacks.com featured highlights Archer-Daniels-Midland, Deere, Booz Allen Hamilton, Agilent Technologies and Boyd Gaming
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-archer-daniels-midland-deere-booz-allen-hamilton-agilent
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For Immediate Release
Chicago, IL – December 12, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Deere & Co. DE, Booz Allen Hamilton Holding Corp. BAH, Agilent Technologies A and Boyd Gaming Corp. BYD.
5 Top Dividend Growth Stocks to Buy Amid Volatility
The year 2022 has been marked by huge volatility and uncertainty as high inflation, the Fed’s policy tightening and Russia’s invasion of Ukraine continue to weigh on investor sentiment. This has raised the appeal of dividend investing. Though the strategy doesn’t offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market.
In fact, stocks with a strong history of year-over-year dividend growth form a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those that have high yields. We have selected five dividend growth stocks — Archer-Daniels-Midland Co., Deere & Co., Booz Allen Hamilton Holding Corp., Agilent Technologies and Boyd Gaming Corp. — that could be compelling picks amid volatility.
Inside Dividend Growth Strategy
Stocks that have a strong history of dividend growth belong to mature companies less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that a dividend increase is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
Here are five of the 21 stocks that fit the bill:
Illinois-based Archer-Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. ADM has an expected earnings growth rate of 44.3% for this year and delivered an average earnings surprise of 26.22%.
Archer-Daniels has a Zacks Rank #1 and a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Illinois-based Deere & Company is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. The stock saw a solid earnings estimate revision of 81 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 17.2%.
Deere & Company carries a Zacks Rank #2 and a Growth Score of A.
Virginia-based Booz Allen Hamilton Holding is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. The company saw a positive earnings estimate revision of 4 cents over the past 30 days for the fiscal year (ending March 2023) with an estimated earnings growth rate of 6.2%.
Booz Allen has a Zacks Rank #2 and a Growth Score of A.
California-based Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The stock saw a solid earnings estimate revision of 14 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 7.7%.
Agilent Technologies has a Zacks Rank #2 and a Growth Score of B.
Las Vegas-based Boyd Gaming is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. The company saw a positive earnings estimate revision of 5 cents over the past 30 days for this year with a substantial expected earnings growth rate of 12.7%.
Boyd Gaming has a Zacks Rank #2 and a Growth Score of A.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2027141/5-top-dividend-growth-stocks-to-buy-amid-volatility
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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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.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 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
Agilent Technologies, Inc. (A) : Free Stock Analysis Report
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH) : 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 Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Deere & Co. DE, Booz Allen Hamilton Holding Corp. BAH, Agilent Technologies A and Boyd Gaming Corp. BYD. Deere & Company carries a Zacks Rank #2 and a Growth Score of A. Virginia-based Booz Allen Hamilton Holding is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. 5 Top Dividend Growth Stocks to Buy Amid Volatility The year 2022 has been marked by huge volatility and uncertainty as high inflation, the Fed’s policy tightening and Russia’s invasion of Ukraine continue to weigh on investor sentiment.
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For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Deere & Co. DE, Booz Allen Hamilton Holding Corp. BAH, Agilent Technologies A and Boyd Gaming Corp. BYD. We have selected five dividend growth stocks — Archer-Daniels-Midland Co., Deere & Co., Booz Allen Hamilton Holding Corp., Agilent Technologies and Boyd Gaming Corp. — that could be compelling picks amid volatility. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Inside Dividend Growth Strategy Stocks that have a strong history of dividend growth belong to mature companies less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Deere & Co. DE, Booz Allen Hamilton Holding Corp. BAH, Agilent Technologies A and Boyd Gaming Corp. BYD.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2027141/5-top-dividend-growth-stocks-to-buy-amid-volatility Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Deere & Co. DE, Booz Allen Hamilton Holding Corp. BAH, Agilent Technologies A and Boyd Gaming Corp. BYD. 5 Top Dividend Growth Stocks to Buy Amid Volatility The year 2022 has been marked by huge volatility and uncertainty as high inflation, the Fed’s policy tightening and Russia’s invasion of Ukraine continue to weigh on investor sentiment.
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2022-12-09 00:00:00 UTC
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Early Q4 Earnings Results and Analyst Reports for Merck, Bristol-Myers & Deere
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https://www.nasdaq.com/articles/early-q4-earnings-results-and-analyst-reports-for-merck-bristol-myers-deere
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Friday, December 9, 2022
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features an update on the Q4 earnings season which got underway this week. We are also featuring the updated December Economic Outlook report, in addition to new research reports on 16 major stocks, including Merck & Co., Inc. (MRK), Bristol-Myers Squibb Company (BMY) and Deere & Company (DE).
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 >>>
Zacks Economic Outlook for December 2022 ----> Christmastime U.S. Retail Sales Update
Q4 Earnings Season Gets Underway
This week's quarterly reports from AutoZon AZO and Costco COST for their fiscal quarters ending in November that we count as part of the 2022 Q4 earnings tally. Next week's reports from the likes of Adobe, Orable, Accenture, Lennar and others will similarly count as part of the 2022 Q4 tally.
Aggregate Q4 earnings for Costco and AutoZone are up +2.2% from the same period last year on +8.1% higher revenues, with only one of the two (AutoZone) beating EPS and revenue estimates.
Looking at Q4 as a whole, total S&P 500 earnings are expected to be down -5.9% from the same period last year on +4.3% higher revenues.
Excluding contribution from the Energy sector whose earnings are expected to be up +56.9%, Q4 earnings for the rest of the index are expected to be down -10.3% from the same period last year. Estimates have been steadily coming down, with the current -5.9% decline down from +1.7% on October 5th.
Today's Featured Analyst Reports
Shares of Merck & Co have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+52.7% vs. +19.3%) on the back of strong sales momentum from drugs like Keytruda and the Gardasil vaccine. With continued label expansion into new indications & early-stage settings, Keytruda is expected to remain a key top-line driver.
Animal health and vaccine products are core growth drivers. Its new COVID oral antiviral pill, Lagevrio has become a key top-line driver in 2022. Merck boasts a strong cancer pipeline, including Keytruda, which should help drive long-term growth.
However, generic competition for several drugs and rising competitive pressure, mainly on the diabetes franchise, will continue to be overhangs on the top line. There are concerns about Merck’s ability to grow its non-oncology business ahead of Keytruda’s loss of exclusivity later in the decade.
(You can read the full research report on Merck & Co here >>>)
Shares of Bristol-Myers Squibb have outperformed the Zacks Medical - Biomedical and Genetics industry over the past year (+41.7% vs. -17.8%). Solid demand for the company’s blood thinner drug Eliquis and the label expansion of Opdivo are maintaining momentum for Bristol-Myers. Eliquis is the leading oral anticoagulant drug and continues to experience growth in its market share.
The label expansion of Opdivo into indications for lung cancer, renal cancer and gastric cancer boosted sales. The recent approval of drugs like Opdualag, Breyanzi and Sotyktu will add a new stream of revenues. Our estimates for BMY’s top line suggest a CAGR of around 1% over the next three years, driven by solid demand for legacy drugs and the approval of new drugs.
However, Revlimid, one of the top revenue generators, is facing generic competition and sales are being adversely impacted.
(You can read the full research report on Bristol-Myers Squibb here >>>)
Deere & Company shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+23.6% vs. +21.7%). The company is poised well to gain on improving commodity prices, which will encourage farmers to spend more on farm equipment. Strong replacement demand will also continue to boost its top line.
Demand for Construction equipment will likely benefit from anticipated growth in infrastructure investments. Higher material and labor costs will likely dent margins. However, we expect Deere’s adjusted earnings per share to grow 16% in fiscal 2023, led by strong demand and pricing. Product launches equipped with the latest technology to make farming automated will continue to provide it with an edge over its competitors.
It will benefit in the long run from rapid growth in global population as well as the rising worldwide infrastructure needs. Our estimates for Deere’s bottom line suggest a CAGR of around 2% over the 2022-2025 forecast period.
(You can read the full research report on Deere & Company here >>>)
Other noteworthy reports we are featuring today include Anheuser-Busch InBev SA/NV (BUD), Marsh & McLennan Companies, Inc. (MMC), and América Móvil, S.A.B. de C.V. (AMX).
Sheraz Mian
Director of Research
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
Keytruda to Remain Merck's (MRK) Key op Line Driver
Eliquis, Opdivo Fuel Bristol (BMY) Amid Generic Competition
Strong End Market Demand to Drive Deere (DE), Costs Ail
Featured Reports
Digital Investments Brighten AB InBev's (BUD) Growth Prospects
Per the Zacks analyst, AB InBev's investments in B2B platforms, e-commerce and digital marketing have been aiding growth. It is likely to rapidly grow its digital platform, like BEES and Ze Delivery.
Marsh & McLennan (MMC) Strategic Buyouts Aid, Expenses High
Per the Zacks analyst, a number of acquisitions help Marsh & McLennan expand geographically, and diversify its portfolio. Yet, escalating expenses continue to weigh down margins.
America Movil (AMX) Benefits from Increasing Subscriber Base
Per the Zacks analyst, America Movil's performance is gaining from increased broadband client base. However, stiff competition and the firm's high leverage remain concerns.
KLA (KLAC) Benefits From Growing Foundry/Logic Investments
Per the Zacks analyst, KLA is gaining from increasing investments across multiple nodes. This is driving its growth in the Foundry/Logic market.
Regular Investment and Debt Management Aid FirstEnergy (FE)
Per the Zacks analyst FirstEnergy's (FE) investment to fortify its infrastructure increase profit as the company will efficiently serve more customers. Efficient debt management will boost margins.
ZTO Express (ZTO) Benefits From Parcel Volumes, Expenses Ail
The Zacks Analyst believes that increase in parcel volume aids ZTO Express express delivery services unit. However rise in selling general and administrative expense continue to bother the bottom line
Increased Demand & Expansion Efforts to Aid Hyatt (H)
Per the Zacks analyst, Hyatt is likely to benefit from strong leisure demand and easing of travel restrictions. This and emphasis on new hotel openings and acquisition efforts bode well.
New Upgrades
Helmerich & Payne (HP) to Gain from Proprietary FlexRigs
The Zacks analyst believes that Helmerich & Payne's technologically-advanced FlexRigs help it to consolidate activity levels and maintain strong rig margins.
Strength Across End Markets to Aid Applied Industrial (AIT)
The Zacks analyst is encouraged by Applied Industrial's growth owing to strength across the food & beverage,mining, metals, pulp & paper, energy, lumber & wood, and transportation end-markets.
Increasing Demand for Financing Aids Hercules Capital (HTGC)
Per the Zacks analyst, driven by the rise in demand for customized financing and a robust deal pipeline, total new commitments are expected to keep rising. This will aid Hercules Capital's top line.
New Downgrades
Soft Global Housing Segment, High Costs Ail Assistant (AIZ)
Per the Zacks analyst Assurants lower revenues from Global Housing segment due to declines in lender-placed policies in-force given lower real estate owned volume and increase in expense remain a drag
Inflation Led Drab Demand to Ail V.F. Corp's (VFC) Performance
Per the Zacks analyst, V.F. Corp has been witnessing lower-than-expected consumer demand due to reduced discretionary spending and heightened promotions. As a result, it trimmed its fiscal 2023 view.
Regulatory Obligations, Stiff Competition Ail Catalent (CTLT)
The Zacks analyst is worried about Catalent's operation in markets where the company and its customers are party to various laws and regulations. Stiff competition in the niche space is an added issue
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
Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report
America Movil, S.A.B. de C.V. (AMX) : Free Stock Analysis Report
Merck & Co., Inc. (MRK) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report
AnheuserBusch InBev SANV (BUD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Keytruda to Remain Merck's (MRK) Key op Line Driver Eliquis, Opdivo Fuel Bristol (BMY) Amid Generic Competition Strong End Market Demand to Drive Deere (DE), Costs Ail Featured Reports Digital Investments Brighten AB InBev's (BUD) Growth Prospects Per the Zacks analyst, AB InBev's investments in B2B platforms, e-commerce and digital marketing have been aiding growth. New Downgrades Soft Global Housing Segment, High Costs Ail Assistant (AIZ) Per the Zacks analyst Assurants lower revenues from Global Housing segment due to declines in lender-placed policies in-force given lower real estate owned volume and increase in expense remain a drag Inflation Led Drab Demand to Ail V.F. Friday, December 9, 2022
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Keytruda to Remain Merck's (MRK) Key op Line Driver Eliquis, Opdivo Fuel Bristol (BMY) Amid Generic Competition Strong End Market Demand to Drive Deere (DE), Costs Ail Featured Reports Digital Investments Brighten AB InBev's (BUD) Growth Prospects Per the Zacks analyst, AB InBev's investments in B2B platforms, e-commerce and digital marketing have been aiding growth. ZTO Express (ZTO) Benefits From Parcel Volumes, Expenses Ail The Zacks Analyst believes that increase in parcel volume aids ZTO Express express delivery services unit. de C.V. (AMX) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report AnheuserBusch InBev SANV (BUD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We are also featuring the updated December Economic Outlook report, in addition to new research reports on 16 major stocks, including Merck & Co., Inc. (MRK), Bristol-Myers Squibb Company (BMY) and Deere & Company (DE). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Keytruda to Remain Merck's (MRK) Key op Line Driver Eliquis, Opdivo Fuel Bristol (BMY) Amid Generic Competition Strong End Market Demand to Drive Deere (DE), Costs Ail Featured Reports Digital Investments Brighten AB InBev's (BUD) Growth Prospects Per the Zacks analyst, AB InBev's investments in B2B platforms, e-commerce and digital marketing have been aiding growth. de C.V. (AMX) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report AnheuserBusch InBev SANV (BUD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We are also featuring the updated December Economic Outlook report, in addition to new research reports on 16 major stocks, including Merck & Co., Inc. (MRK), Bristol-Myers Squibb Company (BMY) and Deere & Company (DE). Deere & Company shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+23.6% vs. +21.7%). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Keytruda to Remain Merck's (MRK) Key op Line Driver Eliquis, Opdivo Fuel Bristol (BMY) Amid Generic Competition Strong End Market Demand to Drive Deere (DE), Costs Ail Featured Reports Digital Investments Brighten AB InBev's (BUD) Growth Prospects Per the Zacks analyst, AB InBev's investments in B2B platforms, e-commerce and digital marketing have been aiding growth.
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2022-12-09 00:00:00 UTC
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New to Investing? This 1 Industrial Products Stock Could Be the Perfect Starting Point
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https://www.nasdaq.com/articles/new-to-investing-this-1-industrial-products-stock-could-be-the-perfect-starting-point-7
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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.
One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
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.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
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.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead 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 62nd-largest company in the S&P 500 Index with a market capitalization of around $134 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 250% to $442.93 since then, and the company is a #2 (Buy) on the Zacks Rank.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.81 to $27.28. DE boasts an average earnings surprise of 7.1%.
Earnings for DE are forecasted to see growth of 17.2% for the current fiscal year as well.
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 >>
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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The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
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It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio. The portfolio's past performance only solidifies why investors should consider it as a starting point.
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It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio. The portfolio's past performance only solidifies why investors should consider it as a starting point.
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2022-12-09 00:00:00 UTC
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5 Top Dividend Growth Stocks to Buy Amid Volatility
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https://www.nasdaq.com/articles/5-top-dividend-growth-stocks-to-buy-amid-volatility-0
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The year 2022 has been marked by huge volatility and uncertainty as high inflation, the Fed’s policy tightening and Russia’s invasion of Ukraine continue to weigh on investor sentiment. This has raised the appeal of dividend investing. Though the strategy doesn’t offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market.
In fact, stocks with a strong history of year-over-year dividend growth form a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those that have high yields. We have selected five dividend growth stocks — Archer-Daniels-Midland Company ADM, Deere & Company DE, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Boyd Gaming Corporation BYD — that could be compelling picks amid volatility.
Inside Dividend Growth Strategy
Stocks that have a strong history of dividend growth belong to mature companies less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that a dividend increase is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
As a result, picking dividend growth stocks appears as a winning strategy when some other parameters are also included.
5-Year Historical Dividend Growth greater than zero: This selects stocks with a solid dividend growth history.
5-Year Historical Sales Growth greater than zero: This represents stocks with a strong record of growing revenues.
5-Year Historical EPS Growth greater than zero: This represents stocks with a solid earnings growth history.
Next 3-5 Year EPS Growth Rate greater than zero: This represents the rate at which a company’s earnings are expected to grow. Improving earnings should help companies sustain dividend payments.
Price/Cash Flow less than M-Industry: A ratio less than M-industry indicates that the stock is undervalued in that industry and that an investor needs to pay less for better cash flow generated by the company.
52-Week Price Change greater than S&P 500 (Market Weight): This ensures that the stock appreciated more than the S&P 500 over the past year.
Top Zacks Rank: Stocks having a Zacks Rank #1 (Strong Buy) and 2 (Buy) generally outperform their peers in all types of market environments.
Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Just these few criteria narrowed down the universe from over 7,700 stocks to just 21.
Here are five of the 21 stocks that fit the bill:
Illinois-based Archer-Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. ADM has an expected earnings growth rate of 44.3% for this year and delivered an average earnings surprise of 26.22%.
Archer-Daniels has a Zacks Rank #1 and a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Illinois-based Deere & Company is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. The stock saw a solid earnings estimate revision of 81 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 17.2%.
Deere & Company carries a Zacks Rank #2 and a Growth Score of A.
Virginia-based Booz Allen Hamilton Holding is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. The company saw a positive earnings estimate revision of 4 cents over the past 30 days for the fiscal year (ending March 2023) with an estimated earnings growth rate of 6.2%.
Booz Allen has a Zacks Rank #2 and a Growth Score of A.
California-based Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The stock saw a solid earnings estimate revision of 14 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 7.7%.
Agilent Technologies has a Zacks Rank #2 and a Growth Score of B.
Las Vegas-based Boyd Gaming is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. The company saw a positive earnings estimate revision of 5 cents over the past 30 days for this year with a substantial expected earnings growth rate of 12.7%.
Boyd Gaming has a Zacks Rank #2 and a Growth Score of A.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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
Agilent Technologies, Inc. (A) : Free Stock Analysis Report
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH) : 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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These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Virginia-based Booz Allen Hamilton Holding is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. This has raised the appeal of dividend investing.
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We have selected five dividend growth stocks — Archer-Daniels-Midland Company ADM, Deere & Company DE, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Boyd Gaming Corporation BYD — that could be compelling picks amid volatility. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. This has raised the appeal of dividend investing.
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Inside Dividend Growth Strategy Stocks that have a strong history of dividend growth belong to mature companies less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We have selected five dividend growth stocks — Archer-Daniels-Midland Company ADM, Deere & Company DE, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Boyd Gaming Corporation BYD — that could be compelling picks amid volatility. Further, a history of strong dividend growth indicates that a dividend increase is likely in the future. 5-Year Historical Dividend Growth greater than zero: This selects stocks with a solid dividend growth history.
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2022-12-09 00:00:00 UTC
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Passive Income Investors: These 2 Stocks Just Raised Their Dividends
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https://www.nasdaq.com/articles/passive-income-investors%3A-these-2-stocks-just-raised-their-dividends
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Those who like the idea of passive income find dividend stocks attractive. Many companies pay dividends to their shareholders, and they give investors a chance to get some current income while also having the potential to see the value of their stock go up over time if the company's business performs well.
In a tough economic environment, many companies are struggling. That makes it all the more impressive when stronger businesses are able to increase their dividend payouts to shareholders. In the past week, a couple of high-profile companies rewarded their shareholders with higher dividends, and both of them have attractive prospects to keep growing in the future as well. Read on to find out more about these two dividend stocks and how they could enjoy further gains.
Mastercard
Mastercard (NYSE: MA) is one of the world's biggest electronic payment network providers, with its credit and debit card products accepted across the globe. On Tuesday, Mastercard announced that it would boost its quarterly payout by 16%, declaring a dividend of $0.57 per share that will go out to shareholders on Feb. 9, 2023.
Even with the higher dividend, Mastercard isn't exactly generous with its payouts. The stock yields just 0.65%, largely due to the payment processor's huge share-price advance over the years. Even in a tough market environment in 2022, Mastercard shares are down just a few percentage points, outperforming every major market benchmark.
In the short run, Mastercard does have some exposure to a potential economic slowdown, given that many of its fees are based on payment transaction volume. However, with cross-border purchases recovering from the early years of the pandemic and efforts to modernize with virtual card products, Mastercard's long-term prospects remain attractive.
In addition to the dividend increase, Mastercard also implemented a new share repurchase program, devoting as much as $9 billion to buying back stock of the card giant. The new program will go into effect when the current program from November 2021 gets completed, as it still has more than half of its initial $8 billion authorization available for stock buybacks. That buying activity could well bolster share prices going forward, adding to the benefits of quarterly payouts for dividend investors.
Deere
In the agricultural heavy equipment business, it's been hard to outdo Deere (NYSE: DE) lately. The maker of farm tractors and other machinery increased its quarterly payout by $0.07 per share, or 6%, on Wednesday. That will bring the new dividend to $1.20 per share every three months, with the new dividend getting paid to shareholders on Feb. 8, 2023. That will bring the yield on the stock to nearly 1.1%.
Deere had an exceptionally strong quarterly report in late November that set the stage for the latest payout hike. The company reported a 37% rise in quarterly revenue year over year, and net income jumped 75%. That left Deere with plenty of earnings to return to shareholders in the form of a higher dividend. Moreover, the company projected strength in fiscal 2023 as well, which could lead to even higher quarterly payouts in the future.
Admittedly, Deere's business is somewhat cyclical, and the heavy equipment manufacturer has benefited from some favorable trends. Recent federal legislation has boosted spending on construction equipment, and high prices for crops have supported farmers' budgets to afford purchases.
Even when downturns come, though, Deere has done a good job of sustaining its dividends. That's what every income investor likes to see, and the prospects for Deere stock to add to its year-to-date gains are icing on the cake for passive-income fans.
Enjoy dividend income
If you're looking for passive income, investing in dividend stocks can be a great choice. Deere and Mastercard are just a couple of the many attractive companies in which you can invest and expect to receive ample payouts on a regular basis.
Find out why Mastercard is one of the 10 best stocks to buy now
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They just revealed their ten top stock picks for investors to buy right now. Mastercard is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of December 1, 2022
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard. 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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However, with cross-border purchases recovering from the early years of the pandemic and efforts to modernize with virtual card products, Mastercard's long-term prospects remain attractive. In addition to the dividend increase, Mastercard also implemented a new share repurchase program, devoting as much as $9 billion to buying back stock of the card giant. Recent federal legislation has boosted spending on construction equipment, and high prices for crops have supported farmers' budgets to afford purchases.
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Those who like the idea of passive income find dividend stocks attractive. Enjoy dividend income If you're looking for passive income, investing in dividend stocks can be a great choice. Many companies pay dividends to their shareholders, and they give investors a chance to get some current income while also having the potential to see the value of their stock go up over time if the company's business performs well.
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Many companies pay dividends to their shareholders, and they give investors a chance to get some current income while also having the potential to see the value of their stock go up over time if the company's business performs well. In addition to the dividend increase, Mastercard also implemented a new share repurchase program, devoting as much as $9 billion to buying back stock of the card giant. Enjoy dividend income If you're looking for passive income, investing in dividend stocks can be a great choice.
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In the past week, a couple of high-profile companies rewarded their shareholders with higher dividends, and both of them have attractive prospects to keep growing in the future as well. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Those who like the idea of passive income find dividend stocks attractive.
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720936.0
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2022-12-08 00:00:00 UTC
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Grief (GEF) Q4 Earnings and Sales Miss Estimates, Decline Y/Y
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https://www.nasdaq.com/articles/grief-gef-q4-earnings-and-sales-miss-estimates-decline-y-y
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nan
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Greif, Inc. GEF reported adjusted earnings per share of $1.83 for fourth-quarter fiscal 2022, missing the Zacks Consensus Estimate of $1.97. The bottom line decreased 5.2% year on year.
Including one-time items, EPS was $1.67 in the quarter compared with $1.74 in the prior-year quarter.
Operational Update
Sales were down 5.2% year over year to $1,496 million. The top line missed the Zacks Consensus Estimate of $1,585 million.
The cost of sales was down 7.6% year over year to $1,186 million. Gross profit amounted to $310 million, up 4.7% from the prior-year quarter’s levels. The gross margin came in at 20.7%, up from last year’s 18.8%.
Selling, general and administrative expenses came in at $140 million compared with the prior-year quarter’s $142 million. Adjusted EBITDA increased 3.5% year over year to $218.7 million in the fiscal fourth quarter.
Segmental Performance
Sales in the Global Industrial Packaging segment came in at $825 million compared with the prior-year quarter’s $952 million. The segment’s adjusted EBITDA amounted to $96 million compared with the year-ago quarter’s $121 million. The drop in the results of this segment was mainly due to foreign currency translation and lower volumes. Also, the sale of the Flexibles Products & Services business negatively impacted the top line of this segment by $84 million. The negative impacts were partially offset by higher average selling prices.
The Paper Packaging segment's net sales rose 7.1% year over year to $666 million in the fiscal fourth quarter. The segment’s adjusted EBITDA moved up to $121 million from the prior-year quarter’s $88 million. The increase in net sales was driven by higher published containerboard and boxboard prices, partially offset by lower volumes.
The Land Management segment’s sales totaled $5.3 million in the reported quarter compared with $4.9 million in the year-ago quarter. Adjusted EBITDA was $1.9 million compared with the year-earlier quarter’s $2.2 million.
Financial Position
Greif reported cash and cash equivalents of $147 million at the end of fiscal 2022 compared with $124.6 million at the end of fiscal 2021. Cash flow from operating activities totaled $658 million in fiscal 2022 compared with $396 million in the prior fiscal.
Long-term debt amounted to $1,839 million as of Oct 31, 2022 compared with $2,054 million as of Oct 31, 2021.
On Dec 6, Greif’s board announced a quarterly cash dividend of 50 cents per share of Class A Common Stock and 74 cents per share of Class B Common Stock. The dividend will be paid out on Jan 1, 2023, to shareholders of record at the close of business as of Dec 16, 2022. In fiscal 2022, GEF paid stockholders $111.3 million in cash dividends.
Fiscal 2022 Performance
Adjusted earnings per share for fiscal 2022 came in at $7.87, missing the Zacks Consensus Estimate of $8.03. The bottom line increased 40.5% from fiscal 2021. Including one-time items, EPS was $6.30 in fiscal 2022 compared with $6.54 in the prior fiscal.
Total revenues for fiscal-year 2022 came in at $6.3 billion. The top line missed the Zacks Consensus Estimate of $6.4 billion.
The adjusted EBITDA for the year totaled $917.5 million, compared with the adjusted EBITDA of $764.2 million in the prior year.
Outlook
Greif expects fiscal 2023 adjusted free cash flow between $410 million and $460 million. Adjusted EBITDA is anticipated to be between $820 million and $906 million.
Price Performance
Greif’s shares have gained 11.5% in a year’s time against the industry’s decline of 0.6%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Greif currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Applied Industrial Technologies AIT, Tenaris TS and Deere DE. AIT flaunts a Zacks Rank #1 (Strong Buy), while TS and DE hold a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Industrial Technologies’ earnings surprise in the last four quarters was 24.7%, on average. In the past 60 days, its earnings estimates have increased 4.6% for 2022. For the ongoing year, the bottom line is estimated to be $7.52, suggesting growth of 14.3% from the previous-year’s level. AIT stock has gained 21.8% in the past year.
Tenaris has an estimated year-over-year earnings growth rate of 131.5% for the current fiscal year. The earnings per estimate is currently pegged at $4.33. The estimates have been revised by 5.1% north in the past 60 days. TS has an average trailing four-quarter earnings surprise of 20.9%. Its shares have gained 54.1% over the past year.
Deere has an estimated year-over-year earnings growth rate of 17.2% for the current fiscal year. The earnings estimate is currently pegged at $27.28. The estimates have been revised 3% north in the past 60 days. DE has an average trailing four-quarter earnings surprise of 7.1%. Its shares have gained 22.1% over the past year.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing 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
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Greif, Inc. (GEF) : Free Stock Analysis Report
Tenaris S.A. (TS) : 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 bottom line decreased 5.2% year on year. Long-term debt amounted to $1,839 million as of Oct 31, 2022 compared with $2,054 million as of Oct 31, 2021. On Dec 6, Greif’s board announced a quarterly cash dividend of 50 cents per share of Class A Common Stock and 74 cents per share of Class B Common Stock.
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On Dec 6, Greif’s board announced a quarterly cash dividend of 50 cents per share of Class A Common Stock and 74 cents per share of Class B Common Stock. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Greif currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. The bottom line decreased 5.2% year on year. Long-term debt amounted to $1,839 million as of Oct 31, 2022 compared with $2,054 million as of Oct 31, 2021.
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The bottom line decreased 5.2% year on year. Long-term debt amounted to $1,839 million as of Oct 31, 2022 compared with $2,054 million as of Oct 31, 2021. On Dec 6, Greif’s board announced a quarterly cash dividend of 50 cents per share of Class A Common Stock and 74 cents per share of Class B Common Stock.
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2022-12-08 00:00:00 UTC
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Prediction: These 2 Stocks Will Soar in 2023
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https://www.nasdaq.com/articles/prediction%3A-these-2-stocks-will-soar-in-2023
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It's been an ugly year for the stock market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have lost 16%, 28%, and 6%, respectively, year to date. For the Nasdaq, it's the worst performance since the index fell 41% in 2008.
Yet, as seasoned investors know, down years are the exception, not the norm. So, what stocks are worth owning right now? Here are two companies poised to lead the way higher.
Image source: Getty Images.
1. Deere
Farm, forestry, and construction machinery maker Deere & Company (NYSE: DE) has delivered a solid 2022, with a 27% year-to-date return, even as the overall market has struggled.
Deere recently reported excellent fiscal fourth-quarter earnings (the three months ending Oct. 29), highlighted by a record $15.5 billion in quarterly revenue. That's up 43% from a year ago and represents the highest revenue growth for the company going back to the 1980s.
DE Revenue (Quarterly YoY Growth) data by YCharts
A surge in demand has allowed the company to raise prices aggressively. Higher prices for agricultural products and increased infrastructure spending in the U.S is driving demand.
As for the first, you have probably experienced it firsthand at the grocery store. Eggs cost more, milk costs more -- it seems as if everything costs more. And some of those higher prices have translated into more money in farmers' pockets, which they can spend on new equipment.
The second driver of Deere's revenue growth is last year's infrastructure spending bill, the Infrastructure Investment and Jobs Act. The law allocates over $1.2 trillion for roads, bridges, airports, waterways, public transit, and more. All those improvements will require machinery, with Deere a clear beneficiary.
Wall Street has taken notice. More than two dozen analysts have raised their earnings per share (EPS) estimates for Deere in the last 30 days. The consensus estimate for 2023 full-year EPS is $27.82, with 2024 EPS rising to $29.55. Meanwhile, revenue is expected to grow 12% to $53.5 billion next year.
Those estimates still sound conservative to me. I think Deere's business will remain robust in 2023 thanks to the ongoing effects of the infrastructure spending bill.
2. Foot Locker
Unlike Deere, which outperformed the market indexes in 2022, Foot Locker (NYSE: FL) was a laggard. But I think it's ready for a turnaround in 2023, thanks to some new leadership.
In August, Mary Dillon was named the new CEO, effective in January 2023. Dillon was CEO of Ulta Beauty from 2013 until 2021. During that time, she made Ulta investors very happy by tripling its revenue and market cap.
At Foot Locker, Dillon will likely continue the plan to diversify the company's vendor relationships. Historically, Foot Locker has relied heavily on Nike, with over 75% of company revenue in 2020 coming from sales of Nike products. Earlier this year, retiring CEO Dick Johnson announced plans to ensure no vendor accounts for more than 55% of company revenue.
FL data by YCharts
And while some investors clearly didn't like the idea of the company decoupling from Nike (shares fell almost 30% on the news), Foot Locker's long-term prospects depend on the move. Nike is selling more products on a direct-to-consumer (DTC) basis, and Foot Locker can't be held hostage to one supplier -- even one as important as Nike.
I'm optimistic that Dillon is the perfect CEO for the assignment. She'll need to keep Foot Locker's core customers (sneaker enthusiasts) happy while bringing new customers into the fold. If her success at Ulta is any guide, I think Foot Locker could soar in 2023.
10 stocks we like better than Deere
When our award-winning 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 December 1, 2022
Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike and Ulta Beauty. The Motley Fool recommends Deere and Foot Locker. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere recently reported excellent fiscal fourth-quarter earnings (the three months ending Oct. 29), highlighted by a record $15.5 billion in quarterly revenue. DE Revenue (Quarterly YoY Growth) data by YCharts A surge in demand has allowed the company to raise prices aggressively. FL data by YCharts And while some investors clearly didn't like the idea of the company decoupling from Nike (shares fell almost 30% on the news), Foot Locker's long-term prospects depend on the move.
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DE Revenue (Quarterly YoY Growth) data by YCharts A surge in demand has allowed the company to raise prices aggressively. The second driver of Deere's revenue growth is last year's infrastructure spending bill, the Infrastructure Investment and Jobs Act. Foot Locker Unlike Deere, which outperformed the market indexes in 2022, Foot Locker (NYSE: FL) was a laggard.
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The second driver of Deere's revenue growth is last year's infrastructure spending bill, the Infrastructure Investment and Jobs Act. Foot Locker Unlike Deere, which outperformed the market indexes in 2022, Foot Locker (NYSE: FL) was a laggard. For the Nasdaq, it's the worst performance since the index fell 41% in 2008.
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Higher prices for agricultural products and increased infrastructure spending in the U.S is driving demand. Foot Locker Unlike Deere, which outperformed the market indexes in 2022, Foot Locker (NYSE: FL) was a laggard. For the Nasdaq, it's the worst performance since the index fell 41% in 2008.
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2022-12-08 00:00:00 UTC
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Time to Buy These Iconic Stocks for 2023?
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DE
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https://www.nasdaq.com/articles/time-to-buy-these-iconic-stocks-for-2023
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Past performance is, of course, not always an indication of future success but strong management and historical dominance are surely a calming feeling for investors.
Two stocks that come to mind in this regard are Deere & Company DE and International Business Machines IBM. Let’s see if this narrative supports buying shares of these two iconic companies at the moment.
Overview
While Deere and IBM’s businesses are very different, they have both been staples of the American and global economy for many years.
Deere & Company was founded in 1837 and has established itself as the world’s largest producer and manufacturer of agricultural equipment and machinery.
International Business Machines has a long history as well. IBM was founded in 1911 and became one of the world’s most recognizable companies and a leading producer and distributor of computer hardware and software. To that note, IBM has started to adapt to current technological times to include cloud computing along with its data analytics.
Over the years, both companies have paid out nice dividends to investors, with Deere’s current annual yield at 1.03% ($4.52) and IBM’s at 4.48% ($6.60).
Historical Performance
Looking back 30 years, we can see the performance of both stocks has been stellar. Deere’s performance sticks out though, DE is up an astonishing +5,590% Vs. IBM’s very respectable +1069%.
Image Source: Zacks Investment Research
From a 20-year view, Deere’s continued dominance becomes clearer. Including dividends, DE’s total return during this period is a staggering +2,746% to easily top IBM’s +240% and the S&P 500’s 599%.
Image Source: Zacks Investment Research
As we look over the last decade in the chart below, we can see the trend in Deer’s dominant performance continues and IBM begins to further lag the benchmark.
Companies in Deere’s Industrial Products sector are not as pressed with having to innovate as businesses in IBM’s technology sector.
IBM stock has been stable but has mostly remained in the $100-$150 range for the last 10 years as newer tech companies like Apple AAPL have enjoyed better price performance during more current tech waves.
In comparison, AAPL’s total return in the last decade is +800% which has topped Deere as well. Still, DE and IBM have been reliable investments in their own right and have been around much longer.
Image Source: Zacks Investment Research
Recent Performance
Historically speaking, both Deere and IBM have done well for investors. However, DE has continued its very impressive performance from decade to decade, while IBM stock began to lose its sizzle from the Dot.com bubble.
Interestingly, over the last year, IBM’s total return is +25% to slightly edge DE’s +23% and crush the benchmark. YTD, DE is up +30% Vs. IBM’s +16%. Both stocks have continued to blast the benchmark’s bearish-like performance.
Image Source: Zacks Investment Research
Outlook & Future Success
Deere & IBM’s recent performance does support the narrative that companies with strong historical performances can be great stocks to buy during economic uncertainty. Furthermore, a glance at both companies’ outlooks could help solidify this going forward.
Deere & Co’s current FY23 earnings are now expected to jump 17% at $27.28 per share. Fiscal 2024 earnings are projected to rise another 7%. Even better, earnings estimate revisions for both FY23 and FY24 have trended higher over the last 90 days.
Image Source: Zacks Investment Research
Deere’s revenue growth has been very impressive as illustrated in the above chart. Sales are forecasted to climb 13% in FY23 and rise another 2% in FY24 to $55.37 billion. FY24 would represent 41% revenue growth from pre-pandemic levels with 2019 sales at $39.25 billion.
Pivoting to IBM, earnings are now expected to rise 15% this year to $9.12 per share. Fiscal 2023 earrings are projected to rise another 6%. With that being said earnings estimate revisions have trended down over the last quarter for this year and FY23.
Image Source: Zacks Investment Research
On the top line, sales are forecasted to dip -16% in FY22, which makes what IBM can accomplish on its bottom line this year more impressive. Fiscal 2023 sales are expected to rise 1% at $59.90 billion. However, FY23 sales would represent a 22% decrease from pre-pandemic levels with 2019 sales at $77.14 billion.
Deere & Company’s outlook certainly supports that its future success will continue while IBM stock is less approachable in this regard despite impressive bottom-line growth.
Valuation & Significance
Deere stock trades at 15.9X forward earnings which is near IBM’s 16.1X. However, DE stock looks more attractive relative to its past. DE stock trades at a 50% discount to its decade high of 31.8X while IBM trades around its decade high of 16.3X.
Image Source: Zacks Investment Research
In addition to this, DE trades near its decade median of 16.6X, while IBM trades 47% above its decade-long median of 10.9X.
With Deere trading at $442 per share and near its 52-week highs the stock still appears to have more upside from a valuation standpoint. IBM also trades near its highs at $147 per share. But in terms of value, now may not be the best entry point or opportunity to buy IBM.
Bottom Line
The recent performance of Deere and IBM has been impressive. This certainly supports the narrative that these iconic companies are strong investments during economic uncertainty.
Deere, in particular, looks like a sound investment at the moment sporting a Zacks Rank #2 (Buy) in correlation with rising earnings estimate revisions. On the contrary, IBM lands a Zacks Rank #3 (Hold) as earnings estimate revisions are down despite solid growth expected for the company.
One thing is for sure, both of these iconic stocks will draw investors’ interest as we head into 2023 with their performances continuing to stand out.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing 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
International Business Machines Corporation (IBM) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research As we look over the last decade in the chart below, we can see the trend in Deer’s dominant performance continues and IBM begins to further lag the benchmark. Deere & Company’s outlook certainly supports that its future success will continue while IBM stock is less approachable in this regard despite impressive bottom-line growth. Two stocks that come to mind in this regard are Deere & Company DE and International Business Machines IBM.
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Image Source: Zacks Investment Research Recent Performance Historically speaking, both Deere and IBM have done well for investors. Image Source: Zacks Investment Research Outlook & Future Success Deere & IBM’s recent performance does support the narrative that companies with strong historical performances can be great stocks to buy during economic uncertainty. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research As we look over the last decade in the chart below, we can see the trend in Deer’s dominant performance continues and IBM begins to further lag the benchmark. Image Source: Zacks Investment Research Outlook & Future Success Deere & IBM’s recent performance does support the narrative that companies with strong historical performances can be great stocks to buy during economic uncertainty. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Two stocks that come to mind in this regard are Deere & Company DE and International Business Machines IBM. Image Source: Zacks Investment Research As we look over the last decade in the chart below, we can see the trend in Deer’s dominant performance continues and IBM begins to further lag the benchmark. Image Source: Zacks Investment Research Outlook & Future Success Deere & IBM’s recent performance does support the narrative that companies with strong historical performances can be great stocks to buy during economic uncertainty.
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2022-12-08 00:00:00 UTC
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Daily Dividend Report: DE,AMT,AXP,MO,CSCO
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https://www.nasdaq.com/articles/daily-dividend-report%3A-deamtaxpmocsco
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The Deere Board of Directors today declared a quarterly dividend of $1.20 per share payable February 8, 2023, to stockholders of record on December 30, 2022. The new quarterly rate represents an additional 7 cents per share over the previous level, an increase of approximately 6 percent per share.
American Tower today announced that its board of directors has declared its quarterly cash distribution of $1.56 per share on shares of the Company's common stock. The distribution is payable on February 2, 2023 to the stockholders of record at the close of business on December 28, 2022.
The Board of Directors of American Express has declared a regular quarterly dividend of $0.52 per common share, payable on February 10, 2023, to shareholders of record on January 6, 2023.
Altria Group today announced that our Board of Directors declared a regular quarterly dividend of $0.94 per share, payable on January 10, 2023 to shareholders of record as of December 22, 2022. The ex-dividend date is December 21, 2022.
Cisco announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.38 per common share to be paid on January 25, 2023, to all stockholders of record as of the close of business on January 5, 2023. Cisco's previous quarterly dividend of $0.38 per common share was paid on October 26, 2022.
VIDEO: Daily Dividend Report: DE,AMT,AXP,MO,CSCO
The views and 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 $1.20 per share payable February 8, 2023, to stockholders of record on December 30, 2022. The Board of Directors of American Express has declared a regular quarterly dividend of $0.52 per common share, payable on February 10, 2023, to shareholders of record on January 6, 2023. Altria Group today announced that our Board of Directors declared a regular quarterly dividend of $0.94 per share, payable on January 10, 2023 to shareholders of record as of December 22, 2022.
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The Board of Directors of American Express has declared a regular quarterly dividend of $0.52 per common share, payable on February 10, 2023, to shareholders of record on January 6, 2023. Altria Group today announced that our Board of Directors declared a regular quarterly dividend of $0.94 per share, payable on January 10, 2023 to shareholders of record as of December 22, 2022. Cisco announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.38 per common share to be paid on January 25, 2023, to all stockholders of record as of the close of business on January 5, 2023.
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The Deere Board of Directors today declared a quarterly dividend of $1.20 per share payable February 8, 2023, to stockholders of record on December 30, 2022. Altria Group today announced that our Board of Directors declared a regular quarterly dividend of $0.94 per share, payable on January 10, 2023 to shareholders of record as of December 22, 2022. Cisco announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.38 per common share to be paid on January 25, 2023, to all stockholders of record as of the close of business on January 5, 2023.
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The ex-dividend date is December 21, 2022. Cisco announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.38 per common share to be paid on January 25, 2023, to all stockholders of record as of the close of business on January 5, 2023. VIDEO: Daily Dividend Report: DE,AMT,AXP,MO,CSCO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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0351c961-43e4-4436-ba4a-1530e41b2f9e
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720940.0
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2022-12-06 00:00:00 UTC
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Amcor (AMCR) Inks Deal to Buy Recycled Material From Exxon Mobil
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DE
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https://www.nasdaq.com/articles/amcor-amcr-inks-deal-to-buy-recycled-material-from-exxon-mobil
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nan
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nan
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Amcor AMCR announced that it has signed a five-year deal with Exxon Mobil XOM to purchase certified-circular polyethylene material. This deal marks a step forward toward AMCR’s target of achieving 30% recycled material across its portfolio by 2030. According to the deal, the purchase volume of material will rise each year. The company expects the volume to reach 100,000 metric tons per year at the end of five years. In April 2022, Amcor had announced that it was the first company to purchase recycled polyethylene material from XOM with the intent to use Exxon Mobil's ExxtendTM technology for advanced recycling. Amcor plans to use this material across its entire portfolio. However, the main focus will be on the healthcare and food industries as these adhere to strict safety standards for recycled plastic. With this deal, many of Amcor's customers worldwide will be able to use ExxtendTM technology for advanced recycling. About 74% of AMCR’s total production by weight is already designed to be recycled. Amcor aims to create more sustainable packaging solutions in the future to meet increasing customer demand for recycled content. AMCR reported adjusted earnings per share of 18 cents for the first quarter of fiscal 2023, missing the Zacks Consensus Estimate of 19 cents. The bottom line was flat year over year. Total revenues were $3.7 million in the reported quarter, beating the Zacks Consensus Estimate of $3.5 million. This compares favorably with the year-ago reported revenues of $3.4 million. The company expects adjusted comparable constant currency EPS growth of approximately 3-8% in fiscal 2023. The Zacks Consensus Estimate for the current year's earnings is currently pegged at 78 cents, suggesting a decline of 3.7% from the year-ago reported figure. The Zacks Consensus Estimate for current year revenues is $15 billion, indicating growth of 3.2% year over year.
Price Performance
In the past year, Amcor’s shares have declined 6.1% compared with the industry’s decline of 0.5%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Amcor currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Industrial Products sector are Hubbell HUBB and Deere DE. HUBB flaunts a Zacks Rank #1 (Strong Buy), while DE holds a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Hubbell’s earnings surprise in the last four quarters was 10.6%, on average. In the past 60 days, its earnings estimates have increased 6.1% for 2022. For the ongoing year, the bottom line is estimated to be $10.40, suggesting growth of 29.3% from the previous-year’s level. HUBB stock has gained 20.3% in the past year. Deere has an estimated year-over-year earnings growth rate of 17.2% for the current fiscal year. The Zacks Consensus Estimate is currently pegged at $27.28. The estimates have been revised 3% north in the past 60 days. DE has an average trailing four-quarter earnings surprise of 7.1%. Its shares have gained 23.3% over the past year.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Hubbell Inc (HUBB) : Free Stock Analysis Report
Amcor PLC (AMCR) : 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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Amcor AMCR announced that it has signed a five-year deal with Exxon Mobil XOM to purchase certified-circular polyethylene material. Amcor aims to create more sustainable packaging solutions in the future to meet increasing customer demand for recycled content. This deal marks a step forward toward AMCR’s target of achieving 30% recycled material across its portfolio by 2030.
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The Zacks Consensus Estimate for the current year's earnings is currently pegged at 78 cents, suggesting a decline of 3.7% from the year-ago reported figure. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Amcor currently carries a Zacks Rank #4 (Sell). Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report Amcor PLC (AMCR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Amcor currently carries a Zacks Rank #4 (Sell). Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report Amcor PLC (AMCR) : Free Stock Analysis Report To read this article on Zacks.com click here. Amcor AMCR announced that it has signed a five-year deal with Exxon Mobil XOM to purchase certified-circular polyethylene material.
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Amcor AMCR announced that it has signed a five-year deal with Exxon Mobil XOM to purchase certified-circular polyethylene material. This deal marks a step forward toward AMCR’s target of achieving 30% recycled material across its portfolio by 2030. According to the deal, the purchase volume of material will rise each year.
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3f119b4b-81cb-4597-9a99-1423f96ee8fe
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720941.0
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2022-12-06 00:00:00 UTC
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Solid Demand & Innovation to Drive Growth for O-I Glass (OI)
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DE
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https://www.nasdaq.com/articles/solid-demand-innovation-to-drive-growth-for-o-i-glass-oi
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nan
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nan
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O-I Glass, Inc. OI is well-poised to benefit from the surge in demand for glass as the preferred choice for customers as a healthy, premium and sustainable packaging option for food and beverage. The company is thus investing to boost its capacity to capitalize on this demand.
OI’s cost-control actions and efforts to improve productivity and efficiency will also boost margins. Acquisitions and product innovations will drive growth as well.
Upbeat Outlook for 2022 & 2023
For 2022, O-I Glass expects adjusted earnings per share (EPS) between $2.20 and $2.25. The midpoint of the guidance indicates 22% growth from the adjusted EPS of $1.83 reported in 2021. The guidance reflects the upbeat results so far this year and the ongoing momentum in the fourth quarter. Volumes are expected to be up 1% in 2022.
Higher selling prices are likely to negate the impact of cost inflation. Benefits from its margin expansion initiatives, through improving productivity, operating performance and cost management, will also drive bottom-line growth for the year.
For 2023, OI expects earnings to be in line, or likely up from 2022, benefiting from strong net price realization. Sales volume will likely be flat or up in the low single digits as it begins to commission new capacity.
Capacity Expansion to Meet Growing Demand
Glass is increasingly becoming the preferred packaging choice for customers, given its endless recyclability without any loss in quality. O-I Glass is thus consistently investing in incremental capacity, joint ventures and acquisitions that will help in meeting this demand.
The company is taking initiatives as part of its transformation plans. OI expects its margin expansion initiative to generate annual benefits of $50 million between 2022 and 2024. It has successfully completed its $1.5-billion portfolio optimization program, way ahead of its schedule in 2024. Proceeds from the portfolio optimization program have been utilized to repay debt, fund attractive expansion projects and improve financial strength.
O-I Glass intends to invest up to $630 million in new capacity expansion over the next three-year period to achieve volume growth and meet demand. Overall, these investments are expected to generate an average internal return rate of 20%.
Innovations to Aid Growth
O-I Glass is firmly focused on driving innovation. Its glass melting technology, known as the MAGMA program, aids in reducing the amount of capital required to install, rebuild and operate OI’s furnaces. O-I Glass recently announced the commencement of the first U.S MAGMA greenfield facility at Bowling Green, KY, by mid-2024.
The company has been working on an R&D Light-Weighting program called Ultra, targeting significant container weight reductions to improve the convenience and sustainability profile of glass. Full-scale market trials are expected in the fourth quarter of this year.
Price Performance
Image Source: Zacks Investment Research
Shares of O-I Glass have gained 39.6% in a year compared with the industry’s decline of 0.5%.
Stocks to Consider
OI currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the Industrial Products sector are Hubbell HUBB, W.W. Grainger GWW and Deere DE. HUBB sports a Zacks Rank #1 (Strong Buy), while DE and GWW hold Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Hubbell’s earnings surprise in the last four quarters was 10.6%, on average. In the past 60 days, its earnings estimates have increased 6.1% for 2022. For the ongoing year, the bottom line is estimated to be $10.40, suggesting growth of 29.3% from the previous-year’s level. The HUBB stock has gained 20.3% in the past year.
W.W. Grainger delivered a trailing four-quarter earnings surprise of 10.1%, on average. Current-year earnings are estimated to be $29.31 per share at present, suggesting an estimated growth of 161.1% from the year-ago reported figure. The estimates went upward by 4.4% in the last 60 days. GWW shares have risen 17.3% in the past year.
Deere has an estimated year-over-year earnings growth rate of 17.2% for the current fiscal year. The earnings estimate is currently pegged at $27.28. The estimates have been revised 3% north in the last 60 days. DE has an average trailing four-quarter earnings surprise of 7.1%. Its shares have gained 23.3% over the past year.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
OI Glass, Inc. (OI) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
Hubbell Inc (HUBB) : 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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Capacity Expansion to Meet Growing Demand Glass is increasingly becoming the preferred packaging choice for customers, given its endless recyclability without any loss in quality. O-I Glass, Inc. OI is well-poised to benefit from the surge in demand for glass as the preferred choice for customers as a healthy, premium and sustainable packaging option for food and beverage. The company is thus investing to boost its capacity to capitalize on this demand.
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Capacity Expansion to Meet Growing Demand Glass is increasingly becoming the preferred packaging choice for customers, given its endless recyclability without any loss in quality. Click to get this free report OI Glass, Inc. (OI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here. O-I Glass, Inc. OI is well-poised to benefit from the surge in demand for glass as the preferred choice for customers as a healthy, premium and sustainable packaging option for food and beverage.
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O-I Glass intends to invest up to $630 million in new capacity expansion over the next three-year period to achieve volume growth and meet demand. Image Source: Zacks Investment Research Shares of O-I Glass have gained 39.6% in a year compared with the industry’s decline of 0.5%. Click to get this free report OI Glass, Inc. (OI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company is thus investing to boost its capacity to capitalize on this demand. O-I Glass intends to invest up to $630 million in new capacity expansion over the next three-year period to achieve volume growth and meet demand. Image Source: Zacks Investment Research Shares of O-I Glass have gained 39.6% in a year compared with the industry’s decline of 0.5%.
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7989a4a1-a8e2-414d-afa2-e205c40a2e50
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720942.0
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2022-12-05 00:00:00 UTC
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Brokers Suggest Investing in Deere (DE): Read This Before Placing a Bet
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DE
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https://www.nasdaq.com/articles/brokers-suggest-investing-in-deere-de%3A-read-this-before-placing-a-bet
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nan
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nan
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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 1.76, 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 1.76 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for DE
Check price target & stock forecast for Deere here>>>
While the ABR calls for buying Deere, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
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.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
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.
Is DE Worth Investing In?
In terms of earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has increased 3.7% over the past month to $27.28.
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.
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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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. When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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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. When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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Deere currently has an average brokerage recommendation (ABR) of 1.76, 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. When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations.
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Brokerage Recommendation Trends for DE 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. When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations.
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326b2c34-c28c-423b-a6b5-f3590efdf3c4
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720943.0
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2022-12-05 00:00:00 UTC
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Why General Electric, Johnson Controls, and Deere Stocks Dropped on Monday
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DE
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https://www.nasdaq.com/articles/why-general-electric-johnson-controls-and-deere-stocks-dropped-on-monday
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nan
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nan
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What happened
Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week's news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well.
That sounds like good news -- and if you work for a living, it is good news. But more people working and earning higher wages isn't necessarily great news for inflation, and that's what seems to be spooking investors in the industrial sector today. As of 12:15 p.m. ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly -- 2.1%, 1.7%, and 1.8%, respectively.
So what
The funny thing is, putting the economy to one side for a moment, the specific news on two of these industrial stocks today is actually good. As ratings watcher The Fly reports, both General Electric and Johnson Controls received positive price target increases from investment bank Deutsche Bank this morning.
Commenting that order growth seems "healthy" in the industrial sector, on top of large backlogs of existing orders already waiting to be filled, Deutsche Bank predicts that any recession in 2023 will hit mainly the consumer economy and leave the industrial sector mostly intact. Accordingly, the analyst added $5 to its price target for GE stock (now $94 a share) and $4 to its price target for Johnson Controls (now $74). And while Deutsche Bank didn't specifically mention Deere, its peer bank Citigroup did -- giving Deere's price target an $80 hike (now $505 a share) on Dec. 1.
Perhaps needless to say: Deutsche Bank thinks both General Electric and Johnson Controls are buys, and Citi says the same thing about Deere.
Now what
So why aren't these three stocks going up today? Why are they going down instead? The inflation issue. According to CNBC, stock investors of all stripes are selling today (the S&P 500 is down 1.2%) on worries that when the Federal Reserve meets to decide on interest rates next week, it might raise them another 75 basis points (instead of the expected 50 basis points), or signal that it wants to keep raising rates to a higher "terminal rate" -- or both.
A strong labor market, combined with new data today showing unexpected strength in the services market, gives the Fed extra arguments in favor of raising rates higher, more often, or both. And Fed Chairman Jerome Powell did seem to suggest last week that the Fed's eyeing a terminal rate -- the level at which it will stop raising interest rates -- of 5% or more. If it sticks to that opinion now that it has the data to support it, it implies that interest rates could rise two or more times from now before the Fed finally pauses to see what effect its hikes have on the economy.
What does this mean for General Electric, Johnson Controls, and Deere? In a nutshell, it means more money going to pay interest on debt, and less money going to profits for investors. With Johnson Controls carrying $10.2 billion in debt, General Electric $32.9 billion in debt, and Deere $51.9 billion, the sums are pretty significant, too.
At the same time, free cash flow (FCF) looks weak across all three of these industrial stocks. General Electric produced only about $2.5 billion in cash profits over the last 12 months (resulting in an enterprise value-to-free cash flow ratio of more than 45). Johnson Controls wasn't much better with $1.4 billion in FCF and an EV/FCF ratio of 40. And Deere looked worst of all: Flying in the face of its $7.1 billion reported profit for the past 12 months, Deere generated just $911 million in free cash flow, putting its EV/FCF well into the triple digits.
Honestly, while Wall Street thinks all three of these stocks are buys today, I wouldn't invest in any of them -- and I think investors are right to be selling.
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*Stock Advisor returns as of December 1, 2022
Citigroup is an advertising partner of The Ascent, a Motley Fool company. Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Deere &. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what The funny thing is, putting the economy to one side for a moment, the specific news on two of these industrial stocks today is actually good. What happened Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week's news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well. ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly -- 2.1%, 1.7%, and 1.8%, respectively.
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ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly -- 2.1%, 1.7%, and 1.8%, respectively. As ratings watcher The Fly reports, both General Electric and Johnson Controls received positive price target increases from investment bank Deutsche Bank this morning. And while Deutsche Bank didn't specifically mention Deere, its peer bank Citigroup did -- giving Deere's price target an $80 hike (now $505 a share) on Dec. 1.
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As ratings watcher The Fly reports, both General Electric and Johnson Controls received positive price target increases from investment bank Deutsche Bank this morning. According to CNBC, stock investors of all stripes are selling today (the S&P 500 is down 1.2%) on worries that when the Federal Reserve meets to decide on interest rates next week, it might raise them another 75 basis points (instead of the expected 50 basis points), or signal that it wants to keep raising rates to a higher "terminal rate" -- or both. With Johnson Controls carrying $10.2 billion in debt, General Electric $32.9 billion in debt, and Deere $51.9 billion, the sums are pretty significant, too.
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Perhaps needless to say: Deutsche Bank thinks both General Electric and Johnson Controls are buys, and Citi says the same thing about Deere. What does this mean for General Electric, Johnson Controls, and Deere? What happened Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week's news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well.
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e725a689-90eb-49d2-b965-30a7ec2ea54e
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720944.0
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2022-12-05 00:00:00 UTC
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Notable Monday Option Activity: CPB, MTB, DE
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DE
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-cpb-mtb-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 Campbell Soup Co (Symbol: CPB), where a total volume of 12,858 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.2% of CPB's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $47 strike put option expiring January 20, 2023, with 8,664 contracts trading so far today, representing approximately 866,400 underlying shares of CPB. Below is a chart showing CPB's trailing twelve month trading history, with the $47 strike highlighted in orange:
M & T Bank Corp (Symbol: MTB) saw options trading volume of 5,646 contracts, representing approximately 564,600 underlying shares or approximately 49.8% of MTB's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $170 strike call option expiring January 20, 2023, with 2,731 contracts trading so far today, representing approximately 273,100 underlying shares of MTB. Below is a chart showing MTB's trailing twelve month trading history, with the $170 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 7,619 contracts, representing approximately 761,900 underlying shares or approximately 41.4% of DE's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $440 strike put option expiring January 17, 2025, with 252 contracts trading so far today, representing approximately 25,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $440 strike highlighted in orange:
For the various different available expirations for CPB options, MTB options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
AWK Technical Analysis
RWL YTD Return
GPOR shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $47 strike put option expiring January 20, 2023, with 8,664 contracts trading so far today, representing approximately 866,400 underlying shares of CPB. Especially high volume was seen for the $170 strike call option expiring January 20, 2023, with 2,731 contracts trading so far today, representing approximately 273,100 underlying shares of MTB. Especially high volume was seen for the $440 strike put option expiring January 17, 2025, with 252 contracts trading so far today, representing approximately 25,200 underlying shares of DE.
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Particularly high volume was seen for the $47 strike put option expiring January 20, 2023, with 8,664 contracts trading so far today, representing approximately 866,400 underlying shares of CPB. Below is a chart showing CPB's trailing twelve month trading history, with the $47 strike highlighted in orange: M & T Bank Corp (Symbol: MTB) saw options trading volume of 5,646 contracts, representing approximately 564,600 underlying shares or approximately 49.8% of MTB's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing MTB's trailing twelve month trading history, with the $170 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 7,619 contracts, representing approximately 761,900 underlying shares or approximately 41.4% of DE's average daily trading volume over the past month, of 1.8 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Campbell Soup Co (Symbol: CPB), where a total volume of 12,858 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing CPB's trailing twelve month trading history, with the $47 strike highlighted in orange: M & T Bank Corp (Symbol: MTB) saw options trading volume of 5,646 contracts, representing approximately 564,600 underlying shares or approximately 49.8% of MTB's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing MTB's trailing twelve month trading history, with the $170 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 7,619 contracts, representing approximately 761,900 underlying shares or approximately 41.4% of DE's average daily trading volume over the past month, of 1.8 million shares.
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Particularly high volume was seen for the $47 strike put option expiring January 20, 2023, with 8,664 contracts trading so far today, representing approximately 866,400 underlying shares of CPB. Especially high volume was seen for the $170 strike call option expiring January 20, 2023, with 2,731 contracts trading so far today, representing approximately 273,100 underlying shares of MTB. Below is a chart showing MTB's trailing twelve month trading history, with the $170 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 7,619 contracts, representing approximately 761,900 underlying shares or approximately 41.4% of DE's average daily trading volume over the past month, of 1.8 million shares.
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ca2f7594-8b67-4d5c-88fb-8ea8a97b2219
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720945.0
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2022-12-05 00:00:00 UTC
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Zacks Industry Outlook Highlights Deere, AGCO and Titan International
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DE
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deere-agco-and-titan-international
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For Immediate Release
Chicago, IL – December 5, 2022 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Titan International, Inc. TWI.
Industry: Farm Equipment
Link: https://www.zacks.com/commentary/2024576/3-farm-equipment-stocks-to-watch-in-a-flourishing-industry
The Zacks Manufacturing - Farm Equipment industry is set to benefit from upbeat commodity prices, which would boost farm income. This, in turn, would lead to higher spending on agricultural equipment that should support the industry in the days ahead. The industry’s focus on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Co., AGCO Corp. and Titan International, Inc. are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These include tractors, combines, cotton pickers, 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
Improving Farm Income Bodes Well: The USDA (U.S. Department of Agriculture) projects net farm income at $160.5 billion for 2022 — the highest since 1973 and indicating a 13.8% year-over-year increase. Cash receipts from the sale of agricultural commodities are expected to rise 24.3% year over year. Crop receipts for soybeans are expected to be up 19% in 2022 from the prior-year levels, backed by solid gains in soybeans, corn and wheat.
Corn and soybean prices are expected to remain strong next year as well. Given that these are the most important grains for cash crop farming, this will likely translate into improved order levels. High commodity prices will drive farm income and enable farmers to continue spending on agricultural equipment. Apart from this, the need to replace aging equipment will sustain demand.
High Costs & Supply Chain Woes Remain: Farmers have been witnessing higher production costs, particularly of fertilizers. This might 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 might affect their production levels and impair their ability to meet demand. Consequently, the industry players are making every effort to bolster their financial condition, conserve cash and improve profitability. The companies have been implementing cost-reduction actions, which are likely to help sustain margins in the current scenario.
Advancement in Latest Technology: 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 expand in 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, 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 #97, which places it at the top 39% 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 2022 earnings estimates have improved 3% so far 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 Outperforms Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has outperformed its own sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 24% in the past 12 months compared with the S&P 500’s decline of 12.4%. The Industrial Products sector has declined 8.5% in the said time frame.
Industry's Current Valuation
On the basis of the forward 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 11.72X compared with the S&P 500’s 10.89X. The Industrial Products sector’s forward 12-month EV/EBITDA is 15.84X.
Over the last five years, the industry has traded as high as 24.75X and as low as 10.02X, with the median being at 11.72X.
3 Manufacturing - Farm Equipment Stocks to Keep an Eye On
Deere: The company will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Deere, the world’s largest producer of agricultural equipment, is well-poised to benefit from improving agricultural commodity prices.
Replacement demand triggered by the need to upgrade old equipment will continue to support its revenues. Considering that it 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 over the past year.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 3% over the past 30 days and is currently pegged at $27.28. The estimate implies year-over-year growth of 17.2%. DE has a trailing four-quarter earnings surprise of 29.3%, on average. Deere has an estimated long-term earnings growth rate of 11.9% and currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AGCO: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO continues to invest in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and its cost-control measures, have driven margin expansion across all regions over the past few quarters. Backed by these tailwinds, the stock has gained 16% in the past year.
The Zacks Consensus Estimate for the company’s fiscal 2022 earnings currently stands at $11.85 and suggests growth of 14.2% year over year. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently carries a Zacks Rank of 2. AGCO has a trailing four-quarter earnings surprise of 29.3%, on average. The company has an estimated long-term earnings growth rate of 9.6%.
Titan International: Both of the company’s agriculture and earthmoving construction segments have been witnessing strong sales volume growth over the past few quarters, which has been instrumental in its share price gain of 111% in the past year. Farm commodity prices and the necessity to replace old equipment continue to support improved order levels for the agricultural segment.
The earthmoving and construction end markets look promising, with increased infrastructure, an upbeat mining sector and ramped up construction activities acting as the key catalysts. The segment’s margins have been reflecting improved production efficiencies stemming from management actions taken to improve profitability for the long term. Its continued cost reduction and cash preservation measures position it well for growth.
The Zacks Consensus Estimate for the company’s earnings for fiscal 2022 currently stands at $2.22 per share, suggesting a year-over-year improvement of 161.2%. The estimate has moved up 1.8% over the last 30 days. It has a trailing four-quarter earnings surprise of 49.6%, on average. TWI currently carries a Zacks Rank #3 (Hold).
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
AGCO Corporation (AGCO) : Free Stock Analysis Report
Titan International, Inc. (TWI) : 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. 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. For Immediate Release Chicago, IL – December 5, 2022 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Titan International, Inc. TWI.
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Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 5, 2022 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Titan International, Inc. TWI.
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Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. For Immediate Release Chicago, IL – December 5, 2022 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Titan International, Inc. TWI. Players like Deere & Co., AGCO Corp. and Titan International, Inc. are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts.
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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. For Immediate Release Chicago, IL – December 5, 2022 – Today, Zacks Equity Research discusses Deere & Co. DE, AGCO Corp. AGCO and Titan International, Inc. TWI. Players like Deere & Co., AGCO Corp. and Titan International, Inc. are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts.
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2022-12-05 00:00:00 UTC
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Deere (DE) is a Great Momentum Stock: Should You Buy?
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DE
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https://www.nasdaq.com/articles/deere-de-is-a-great-momentum-stock%3A-should-you-buy
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nan
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nan
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Deere (DE), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Deere currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if DE is a promising momentum pick, let's examine some Momentum Style elements to see if this agricultural equipment manufacturer holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For DE, shares are up 0.94% over the past week while the Zacks Manufacturing - Farm Equipment industry is up 0.49% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 12.79% compares favorably with the industry's 6.07% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Deere have risen 19.71%, and are up 27.59% in the last year. On the other hand, the S&P 500 has only moved 4.14% and -9.66%, respectively.
Investors should also pay attention to DE's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. DE is currently averaging 1,765,474 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with DE.
Over the past two months, 8 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost DE's consensus estimate, increasing from $26.47 to $27.28 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that DE is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Deere on your short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Momentum investing revolves around the idea of following a stock's recent trend in either direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
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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. Momentum investing revolves around the idea of following a stock's recent trend in either direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define.
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Below, we take a look at Deere (DE), a company that currently holds a Momentum Style Score of B. DE is currently averaging 1,765,474 shares for the last 20 days. Momentum investing revolves around the idea of following a stock's recent trend in either direction.
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3956af84-4dfd-4631-b35c-e50ddb64a6a2
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720947.0
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2022-12-04 00:00:00 UTC
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5 Top Stocks for December
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https://www.nasdaq.com/articles/5-top-stocks-for-december
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Stock prices have been all over the place in 2022, making it a rather scary year for investors. The S&P 500, which closed 2021 with 27% gains, is down 22% so far this year, as of this writing. It'll be an absolute stunner if the index can end 2022 in the green.
Yet, December brings hope with it, as U.S. equities have historically rallied in the last month of the year. With the stock markets also regaining some ground last month, December is the perfect time to evaluate your portfolio, plan ahead, and set some money aside to buy stocks that look convincing as we step into a new year.
Some names to consider right now are Nvidia (NASDAQ: NVDA), Novocure (NASDAQ: NVCR), Deere & Company (NYSE: DE), and Brookfield Renewable Partners (NYSE: BEP). And if you still aren't convinced, a proven exchange-traded fund (ETF) like the Vanguard 500 Index Fund (NYSEMKT: VOO) is your best bet.
Here's why these are the top stocks for December.
The gold standard in graphics and accelerated computing
Trevor Jennewine (Nvidia): Chipmaker Nvidia recently delivered a dismal third-quarter report. Gaming and professional visualization revenue fell 51% and 65%, respectively, as demand softened in response to high inflation. Meanwhile, growth in data center sales slowed to 31% as COVID-19 lockdowns in China created yet another headwind to demand. Collectively, total revenue dropped 17% to $5.9 billion and adjusted earnings fell 50% to $0.58 per diluted share.
Unfortunately, the near-term outlook is even worse. Management expects fourth-quarter revenue to fall 21% to $6 billion, as weak demand continues to weigh on the gaming, professional visualization, and data center segments. But that gloomy guidance creates an excellent buying opportunity for patient investors. The stock is currently 53% off its high, trading at 13.8 times sales -- a serious bargain compared to the three-year average of 20.3 times sales -- because many shortsighted investors have lost confidence.
Nvidia is struggling with temporary economic challenges, not a material weakness in the underlying business, so the investment thesis remains solid. Its compute platform -- comprising cutting-edge chips, high-performance networking equipment, and a broad spectrum of software -- is the gold standard in graphics and accelerated computing. In fact, Nvidia holds more than 90% market share in workstation graphics and supercomputer accelerators, and it has consistently achieved leading results at the MLPerf trials, an objective benchmark designed to measure the performance of artificial intelligence (AI) hardware and software.
To that end, investors have good reason to believe Nvidia will bounce back. It may not happen in the next few quarters, but the company has a strong foothold in the large and growing gaming and data center markets, and the ongoing evolution of technologies like AI and the metaverse should be a powerful tailwind for Nvidia. In fact, management puts its addressable market at $1 trillion. That's why patient investors should pick up a few shares of this growth stock in December.
The monster opportunity no one's looking at
Neha Chamaria (Brookfield Renewable Partners): 2022 may have been a challenging year for many companies, but what if you come across one that's found more opportunities to grow this year than ever and is setting itself up for big days ahead, and yet its share price has fallen? Brookfield Renewable is one such company that's powered for growth, and if you've been looking to invest in an industry with mega-growth potential, now's the time. The stock has also proven to be a winner for patient investors so far.
Brookfield Renewable is a clean energy giant with nearly $68 billion in assets under management across hydropower, solar, wind, and distributed generation across four continents. It currently has roughly 24 gigawatts (GW) of capacity under operation, but its pipeline has already crossed the 100 GW mark!
That one number alone should give you an idea about the kind of monstrous growth opportunities for Brookfield Renewable. By 2050, trillions of dollars are expected to be invested in clean energy globally as the world strives to decarbonize. Brookfield Renewable is already at an advantage. 2022, in fact, has been a record year of investments for the company as it found ample opportunities, backed by its parent organization, Brookfield Asset Management. Its latest growth moves include an agreement with uranium giant Cameco to acquire Westinghouse Electric, the world's largest provider of nuclear energy equipment and services, and a proposal to acquire some assets from Origin Energy, one of Australia's largest electricity and gas providers.
This growth spending, and the fact that almost 94% of Brookfield Renewable's cash flows are contracted, could easily boost the company's funds from operations (FFO) per share by at least 10% annually through 2027. That also makes Brookfield Renewable's goal to increase its dividend every year by 5% to 9% very doable.
Now, if a company can grow its cash flows by double-digits and dividend per share by high-single-digit percentages every year, there's no reason why its stock price shouldn't rally. Yet, this compelling 4.4%-yielding stock has lost almost 25% value in just the past three months primarily on fears of rising interest rates. You know where to look this December.
The countdown is on for this promising stock
Keith Speights (Novocure): It's important to look at standard valuation metrics with many stocks. However, I think that Novocure is an exception. The company isn't profitable yet, ruling out any earnings-based metrics. You'd probably be bearish about Novocure if you only checked out its sales-based valuation numbers. But there's a more compelling reason to be bullish about this stock: The countdown is on.
For nearly six years, Novocure has been conducting a late-stage clinical study evaluating its tumor-treating fields (TTFields) therapy in treating non-small cell lung cancer (NSCLC). The company plans to report the results from the study in early 2023.
This upcoming announcement is huge for Novocure. The TTFields therapy is currently approved in several countries for treating glioblastoma (an aggressive type of brain cancer) and mesothelioma. Roughly 16,000 patients are diagnosed each year with these indications. But more than 12 times that number are diagnosed each year with NSCLC.
But those NSCLC results aren't the only potential catalysts on the way for Novocure. The company also plans to announce data from a late-stage study of TTFields in treating ovarian cancer next year. Results from two other pivotal studies targeting brain metastases and pancreatic cancer are expected in 2024.
Novocure has taken investors on a roller-coaster ride in 2022 with shares careening up and down repeatedly. If the company reports positive results from its NSCLC study (and I suspect it will), the ride is probably about to become a lot more fun.
Deere stock has it all headed into 2023
Daniel Foelber (Deere): It's rare to find a winner that keeps on winning in a market riddled with stocks that have suffered their worst drawdowns in over a decade. But that's exactly what Deere has given its shareholders -- which have enjoyed a 161% gain over the last three years relative to the S&P 500's 25.5% gain.
A stock going up in a bear market is one thing. What makes Deere special is that it is outperforming the market for all the right reasons. The chart below says it all.
DE data by YCharts
Deere stock is hitting an all-time high not because of speculation that the company will do well in the future, but because the company is firing on all cylinders right now. Revenue, earnings, and free cash flow are all at all-time highs. And the stock price reflects that. Despite the stock's 28.6% year-to-date gain, the numbers have been so good that it is still cheap -- trading at a price-to-earnings (P/E) ratio of just 18.9.
The company reported full-year fiscal 2022 results on Nov. 23 -- booking $7.13 billion in net income despite a slew of supply chain and inflation-related challenges. Earlier in the year, the company guided for full-year earnings of $7 billion to $7.2 billion, so it delivered on its promises. What's more, fiscal 2023 guidance calls for $8 billion to $8.5 billion in net income. At the midpoint, that would represent 16% earnings growth on top of difficult fiscal 2022 comps. It also gives Deere a forward P/E ratio of just 16.1.
Deere is a company that is generating record results in a market where it's hard to find reliable growth. Throw in the fact that it is an industry-leading company, has a reasonable valuation, a small dividend, and is aggressively investing in technology, automation, and artificial intelligence, and you have a balanced company that blends growth and value. The investment thesis for Deere is as compelling as ever, and the stock is worth buying at an all-time high.
This is a great time to buy reliable index funds
Anders Bylund (Vanguard S&P 500 ETF): The stock market was overdue for a correction in 2022. We got exactly that, and now it's time to look forward to predictable long-term gains again.
Think about it. Right before the coronavirus crisis led to a deep but brief market crash in March 2020, the S&P 500 index was up by 23% in 52 weeks. Many investors felt that the market was overvalued at the time. So the virus swept across the world, stock markets crashed everywhere -- and then the market recovery started right away. By September 2020, the S&P 500 was back to the previous highs of seven months earlier, and the chart only climbed from there. The index had gained 47.5% in two years by the start of 2022 -- a compound annual growth rate (CAGR) of 21%.
So the market took a breather, and for good reason. The fallout from the COVID-19 pandemic still haunts the global economy, as it triggered massive issues in international trade, manufacturing and shipping operations, job markets, and the stability of national currencies. The S&P 500 has fallen more than 15% below last December's all-time highs.
If you haven't been investing during this bear market, it's high time to start. And you don't have to get fancy with it. In times like these, you can set up a reliable money-making machine with a high-quality index fund instead of hand-picking specific stocks that seem poised to beat the market.
I recommend an exchange-traded fund (ETF) with ultra-low annual fees and decades of proven performance, such as the Vanguard 500 Index Fund. This fund follows the returns of the S&P 500 index with extreme accuracy. The Vanguard investment group manages $747 billion under this fund, and that heft provides extra stability. Master investor Warren Buffett trusts this fund, and it's absolutely good enough for you and me.
You can also add to this position over time, and you should make sure that the fund's dividends are reinvested automatically. The Vanguard 500 fund has delivered simple annual returns of 10.9% over the last decade, but the CAGR turns up to 13% if you're working with reinvested dividends along the way:
VOO data by YCharts
Investing in index funds during market downturns is a baldfaced bet that the market as a whole will recover one of these days. You won't beat the market but you will absolutely make money in the long run by matching it, and you won't lose any sleep over this decision.
10 stocks we like better than Nvidia
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 7, 2022
Anders Bylund has positions in Nvidia and Vanguard Index Funds-Vanguard S&p 500 ETF. Daniel Foelber has the following options: long January 2025 $145 calls on Nvidia and short January 2025 $150 calls on Nvidia. Keith Speights has positions in Brookfield Renewable Partners., Nvidia, and Vanguard Index Funds-Vanguard S&p 500 ETF. Neha Chamaria has no position in any of the stocks mentioned. Trevor Jennewine has positions in Nvidia and Vanguard Index Funds-Vanguard S&p 500 ETF. The Motley Fool has positions in and recommends Brookfield Asset Management, NovoCure, Nvidia, and Vanguard Index Funds-Vanguard S&p 500 ETF. The Motley Fool recommends Brookfield Renewable Partners. 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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In fact, Nvidia holds more than 90% market share in workstation graphics and supercomputer accelerators, and it has consistently achieved leading results at the MLPerf trials, an objective benchmark designed to measure the performance of artificial intelligence (AI) hardware and software. The fallout from the COVID-19 pandemic still haunts the global economy, as it triggered massive issues in international trade, manufacturing and shipping operations, job markets, and the stability of national currencies. It'll be an absolute stunner if the index can end 2022 in the green.
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Some names to consider right now are Nvidia (NASDAQ: NVDA), Novocure (NASDAQ: NVCR), Deere & Company (NYSE: DE), and Brookfield Renewable Partners (NYSE: BEP). This is a great time to buy reliable index funds Anders Bylund (Vanguard S&P 500 ETF): The stock market was overdue for a correction in 2022. The Motley Fool has positions in and recommends Brookfield Asset Management, NovoCure, Nvidia, and Vanguard Index Funds-Vanguard S&p 500 ETF.
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With the stock markets also regaining some ground last month, December is the perfect time to evaluate your portfolio, plan ahead, and set some money aside to buy stocks that look convincing as we step into a new year. The Vanguard 500 fund has delivered simple annual returns of 10.9% over the last decade, but the CAGR turns up to 13% if you're working with reinvested dividends along the way: VOO data by YCharts Investing in index funds during market downturns is a baldfaced bet that the market as a whole will recover one of these days. See the 10 stocks *Stock Advisor returns as of November 7, 2022 Anders Bylund has positions in Nvidia and Vanguard Index Funds-Vanguard S&p 500 ETF.
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That's why patient investors should pick up a few shares of this growth stock in December. The investment thesis for Deere is as compelling as ever, and the stock is worth buying at an all-time high. It'll be an absolute stunner if the index can end 2022 in the green.
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0b77b261-6b08-4314-9a77-f85d3a32f32e
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720948.0
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2022-12-02 00:00:00 UTC
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Why Deere Stock Shot Higher in November
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DE
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https://www.nasdaq.com/articles/why-deere-stock-shot-higher-in-november
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nan
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nan
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What happened
Late last month, heavy equipment manufacturer Deere & Co. (NYSE: DE) reported better-than-expected fiscal fourth-quarter results thanks to strong demand from agricultural customers. Investors cheered both its results and management's forecast for more good times to come, sending shares of Deere up 11.4% in November, according to data provided by S&P Global Market Intelligence.
So what
Although many sectors of the economy have sputtered in 2022, agriculture has held up relatively well. Higher crop prices, driven in part by disruptions in Ukraine -- normally a major food exporter -- have provided farmers with funds to invest in new tractors and other heavy machinery. Meanwhile, the passage of President Biden's massive infrastructure bill has led to increased spending on new construction equipment.
Deere has been a primary beneficiary of both trends, and as a result, it outperformed expectations in its fiscal Q4, which ended Oct. 30. The company earned $7.44 per share in the quarter on revenue of $15.54 billion, easily besting analysts' consensus expectations for $7.11 per share in earnings on $13.39 billion in sales.
The strength was widespread. Net sales in its agriculture, turf, and construction and forestry divisions rose by 59%, 26%, and 20%, respectively.
Now what
Deere expects the good times to continue in its fiscal 2023: Management's guidance is for net income of between $8 billion and $8.5 billion, and net operating cash flow of between $9 billion and $9.5 billion. The company foresees its heavy agriculture sales rising 15% to 20% for the year, and its segment operating margin topping 20%.
In the fiscal Q4 earnings release, CEO John C. May said he expects "positive farm fundamentals and fleet dynamics as well as an increased investment in infrastructure" to fuel growth in the new year, supported by the company's work to streamline and cut costs.
Deere can be a cyclical business because the equipment it sells represents a major investment for buyers. When times are tough on the farm, it can be harder to justify (or manage) the expense of a new combine, for example. But all the trends appear to be moving in Deere's favor right now, and investors are excited about what lies ahead.
10 stocks we like better than Deere &
When our award-winning 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 December 1, 2022
Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends Deere &. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Late last month, heavy equipment manufacturer Deere & Co. (NYSE: DE) reported better-than-expected fiscal fourth-quarter results thanks to strong demand from agricultural customers. Higher crop prices, driven in part by disruptions in Ukraine -- normally a major food exporter -- have provided farmers with funds to invest in new tractors and other heavy machinery. Investors cheered both its results and management's forecast for more good times to come, sending shares of Deere up 11.4% in November, according to data provided by S&P Global Market Intelligence.
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Now what Deere expects the good times to continue in its fiscal 2023: Management's guidance is for net income of between $8 billion and $8.5 billion, and net operating cash flow of between $9 billion and $9.5 billion. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. What happened Late last month, heavy equipment manufacturer Deere & Co. (NYSE: DE) reported better-than-expected fiscal fourth-quarter results thanks to strong demand from agricultural customers.
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What happened Late last month, heavy equipment manufacturer Deere & Co. (NYSE: DE) reported better-than-expected fiscal fourth-quarter results thanks to strong demand from agricultural customers. Now what Deere expects the good times to continue in its fiscal 2023: Management's guidance is for net income of between $8 billion and $8.5 billion, and net operating cash flow of between $9 billion and $9.5 billion. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Lou Whiteman has no position in any of the stocks mentioned.
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Investors cheered both its results and management's forecast for more good times to come, sending shares of Deere up 11.4% in November, according to data provided by S&P Global Market Intelligence. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere & wasn't one of them!
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c2193672-8fb0-43c1-9bfb-539c240e8a53
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720949.0
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2022-12-02 00:00:00 UTC
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Noteworthy ETF Inflows: IWB, GS, CAT, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-iwb-gs-cat-de
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $112.2 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 129,100,000 to 129,600,000). Among the largest underlying components of IWB, in trading today Goldman Sachs Group Inc (Symbol: GS) is down about 1%, Caterpillar Inc. (Symbol: CAT) is down about 0.6%, and Deere & Co. (Symbol: DE) is lower by about 0.6%. For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average:
Looking at the chart above, IWB's low point in its 52 week range is $192.01 per share, with $267.13 as the 52 week high point — that compares with a last trade of $222.35. 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:
Financial Stocks Hedge Funds Are Buying
GRT Options Chain
SEVN 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 iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $112.2 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 129,100,000 to 129,600,000).
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For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $192.01 per share, with $267.13 as the 52 week high point — that compares with a last trade of $222.35. 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 iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $112.2 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 129,100,000 to 129,600,000).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $112.2 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 129,100,000 to 129,600,000). For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $192.01 per share, with $267.13 as the 52 week high point — that compares with a last trade of $222.35. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $192.01 per share, with $267.13 as the 52 week high point — that compares with a last trade of $222.35. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. 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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ef635c5b-4657-4909-87de-6ef26c93b5fa
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720950.0
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2022-12-02 00:00:00 UTC
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Lincoln Electric (LECO) Buys Fori to Boost Automation Growth
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DE
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https://www.nasdaq.com/articles/lincoln-electric-leco-buys-fori-to-boost-automation-growth
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nan
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nan
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Lincoln Electric Holdings Inc. LECO announced that it closed the deal to acquire Fori Automation Inc. The purchase of Fori will help LECO speed up its automation growth strategy by increasing annualized automation portfolio revenues to more than $850 million and get a head start to achieve the $1-billion target under the Higher Standard 2025 Strategy. The acquisition will expand the company’s geographic footprint to serve customers’ needs. On Oct 14, Lincoln Electric announced that it entered an agreement to buy Fori for a cash purchase price of $427 million. LECO has since raised a $400-million senior secured term loan to partially fund the deal. Headquartered in Shelby Township, MI, Fori mainly provides automotive and aerospace OEMs. It also operates in six international facilities across Latin America, Europe and Asia. The transaction will benefit customers of both organizations by providing them with quality engineering expertise. LECO and Fori will help aerospace, automotive and industrial customers to achieve their operational goals. LECO anticipates the acquisition to increase its earnings by 12 cents to 15 cents per share in 2023, excluding transaction costs. The company stated that about 75% of Fori’s revenues would be reflected in the Americas Welding segment and the remaining 25% would be part of the International Welding segment. The Americas Welding segment of Lincoln Electric includes welding operations in North and South America, whereas the International Welding segment incorporates welding operations in Europe, Africa, Asia and Australia. In the last reported quarter, net revenues of the Americas Welding segment were $586 million, and the same for the International Welding segment was $217 million. LECO reported earnings of $2.04 per share in third-quarter 2022, beating the Zacks Consensus Estimate of $1.96. This also compares favorably with earnings of $1.56 per share in the prior-year quarter. Total revenues rose 16% year over year to $935.2 million. The top line surpassed the Zacks Consensus Estimate of $919 million. The improvement in revenues can be attributed to 21.3% growth in organic sales and a 1.3% benefit from acquisitions, partly offset by an unfavorable foreign currency exchange of 6.6%. The Zacks Consensus Estimate for LECO’s current-year earnings is pegged at $8.23 per share, suggesting growth of 32.2% from the previous year’s reported number. The Zacks Consensus Estimate for 2022 total revenues is pegged at $3.76 billion, indicating year-over-year growth of 16.1%. LECO has a trailing four-quarter earnings surprise of 11.6%, on average.
Price Performance
Lincoln Electric’s shares have increased 9.2% in the past year against the industry’s fall of 37.8%.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Lincoln Electric currently carries a Zacks Rank of 3 (Hold). Some better-ranked stocks from the Industrial Products sector are Hubbell HUBB, Deere DE, and W.W. Grainger GWW. HUBB flaunts a Zacks Rank #1 (Strong Buy), while DE and GWW carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Hubbell’s earnings surprise in the last four quarters was 10.6%, on average. In the past 60 days, HUBB’s earnings estimates have increased 6.1% for 2022. For the ongoing year, the bottom line is estimated to be $10.4, suggesting growth of 29.3% from the prior-year reported level. The HUBB stock has gained 24.6% in the past year. Deere has an estimated year-over-year earnings growth rate of 17.2% for the current fiscal year. Earnings estimates for the company are pegged at $27.28 per share. DE has an average trailing four-quarter earnings surprise of 7.1%. Its shares have gained 26% over the past year. W.W. Grainger delivered a trailing four-quarter earnings surprise of 10.1%, on average. Current-year earnings are estimated to be $29.31 per share, suggesting growth of 161.1% from the year-ago reported figure. GWW’s shares have risen 23.6% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
Hubbell Inc (HUBB) : 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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Lincoln Electric Holdings Inc. LECO announced that it closed the deal to acquire Fori Automation Inc. The purchase of Fori will help LECO speed up its automation growth strategy by increasing annualized automation portfolio revenues to more than $850 million and get a head start to achieve the $1-billion target under the Higher Standard 2025 Strategy. LECO has since raised a $400-million senior secured term loan to partially fund the deal.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Lincoln Electric currently carries a Zacks Rank of 3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here. Lincoln Electric Holdings Inc. LECO announced that it closed the deal to acquire Fori Automation Inc.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Lincoln Electric currently carries a Zacks Rank of 3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here. Lincoln Electric Holdings Inc. LECO announced that it closed the deal to acquire Fori Automation Inc.
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Lincoln Electric Holdings Inc. LECO announced that it closed the deal to acquire Fori Automation Inc. The purchase of Fori will help LECO speed up its automation growth strategy by increasing annualized automation portfolio revenues to more than $850 million and get a head start to achieve the $1-billion target under the Higher Standard 2025 Strategy. LECO has since raised a $400-million senior secured term loan to partially fund the deal.
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49a85267-47b1-45d0-a57a-72bbeee39fa6
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720951.0
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2022-12-02 00:00:00 UTC
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Here's Why Deere (DE) is a Strong Value Stock
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DE
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https://www.nasdaq.com/articles/heres-why-deere-de-is-a-strong-value-stock
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring 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, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Deere (DE)
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 72nd-largest company in the S&P 500 Index with a market capitalization of around $110 billion. It has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors. Deere is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology, in an effort to make farming automated, easier and more precise across the production process.
DE is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 16.2; value investors should take notice.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.81 to $27.28 per share. DE boasts an average earnings surprise of 7.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, DE should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
|
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
|
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Zacks Premium also includes the Zacks Style Scores.
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12092ad4-8010-42d3-b6b3-260ae0709511
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720952.0
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2022-12-02 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
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nan
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nan
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Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this agricultural equipment manufacturer have returned +12.2%, compared to the Zacks S&P 500 composite's +5.9% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has gained 13.2%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
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 $5.43 per share, indicating a change of +86% from the year-ago quarter. The Zacks Consensus Estimate has changed -3% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $27.28 points to a change of +17.2% from the prior year. Over the last 30 days, this estimate has changed +3.7%.
For the next fiscal year, the consensus earnings estimate of $29.14 indicates a change of +6.8% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +6.2%.
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
Projected Revenue Growth
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.
For Deere, the consensus sales estimate for the current quarter of $11.44 billion indicates a year-over-year change of +34.1%. For the current and next fiscal years, $54.27 billion and $55.37 billion estimates indicate +13.3% and +2% changes, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $14.35 billion in the last reported quarter, representing a year-over-year change of +39.7%. EPS of $7.44 for the same period compares with $4.12 a year ago.
Compared to the Zacks Consensus Estimate of $13.64 billion, the reported revenues represent a surprise of +5.23%. The EPS surprise was +5.08%.
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.
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.
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.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. 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) is one of the stocks most watched by Zacks.com visitors lately.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Deere is rated Zacks Rank #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. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Deere is rated Zacks Rank #2 (Buy). 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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Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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2022-12-02 00:00:00 UTC
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3 Farm Equipment Stocks to Watch in a Flourishing Industry
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https://www.nasdaq.com/articles/3-farm-equipment-stocks-to-watch-in-a-flourishing-industry
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The Zacks Manufacturing - Farm Equipment industry is set to benefit from upbeat commodity prices, which would boost farm income. This, in turn, would lead to higher spending on agricultural equipment that should support the industry in the days ahead. The industry’s focus on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process is also likely to aid growth.
Players like Deere & Company DE, AGCO Corporation AGCO, and Titan International, Inc. TWI are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These include tractors, combines, cotton pickers, 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
Improving Farm Income Bodes Well: The USDA (U.S. Department of Agriculture) projects net farm income at $160.5 billion for 2022 — the highest since 1973 and indicating a 13.8% year-over-year increase. Cash receipts from the sale of agricultural commodities are expected to rise 24.3% year over year. Crop receipts for soybeans are expected to be up 19% in 2022 from the prior-year levels, backed by solid gains in soybeans, corn and wheat. Corn and soybean prices are expected to remain strong next year as well. Given that these are the most important grains for cash crop farming, this will likely translate into improved order levels. High commodity prices will drive farm income and enable farmers to continue spending on agricultural equipment. Apart from this, the need to replace aging equipment will sustain demand.
High Costs & Supply Chain Woes Remain: Farmers have been witnessing higher production costs, particularly of fertilizers. This might 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 might affect their production levels and impair their ability to meet demand. Consequently, the industry players are making every effort to bolster their financial condition, conserve cash and improve profitability. The companies have been implementing cost-reduction actions, which are likely to help sustain margins in the current scenario.
Advancement in Latest Technology: 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 expand in 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, 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 #97, which places it at the top 39% 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 2022 earnings estimates have improved 3% so far 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 Outperforms Sector and S&P 500
The Zacks Manufacturing - Farm Equipment industry has outperformed its own sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 24% in the past 12 months compared with the S&P 500’s decline of 12.4%. The Industrial Products sector has declined 8.5% in the said time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 11.72X compared with the S&P 500’s 10.89X. The Industrial Products sector’s forward 12-month EV/EBITDA is 15.84X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (F12M)
Over the last five years, the industry has traded as high as 24.75X and as low as 10.02X, with the median being at 11.72X.
3 Manufacturing - Farm Equipment Stocks to Keep an Eye on
Deere: The company will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Deere, the world’s largest producer of agricultural equipment, is well-poised to benefit from improving agricultural commodity prices. Replacement demand triggered by the need to upgrade old equipment will continue to support its revenues. Considering that it 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 over the past year.
The Zacks Consensus Estimate for the Moline, IL-based company’s fiscal 2023 earnings has moved up 3% over the past 30 days and is currently pegged at $27.28. The estimate implies year-over-year growth of 17.2%. DE has a trailing four-quarter earnings surprise of 29.3%, on average. Deere has an estimated long-term earnings growth rate of 11.9% and currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: DE
AGCO: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. AGCO continues to invest in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and its cost-control measures, have driven margin expansion across all regions over the past few quarters. Backed by these tailwinds, the stock has gained 16% in the past year.
The Zacks Consensus Estimate for the company’s fiscal 2022 earnings currently stands at $11.85 and suggests growth of 14.2% year over year. This Duluth, GA-based leading manufacturer and distributor of agricultural equipment and related replacement parts currently carries a Zacks Rank of 2. AGCO has a trailing four-quarter earnings surprise of 29.3%, on average. The company has an estimated long-term earnings growth rate of 9.6%.
Price & Consensus: AGCO
Titan International: Both of the company’s agriculture and earthmoving construction segments have been witnessing strong sales volume growth over the past few quarters, which has been instrumental in its share price gain of 111% in the past year. Farm commodity prices and the necessity to replace old equipment continue to support improved order levels for the agricultural segment. The earthmoving and construction end markets look promising, with increased infrastructure, an upbeat mining sector and ramped up construction activities acting as the key catalysts. The segment’s margins have been reflecting improved production efficiencies stemming from management actions taken to improve profitability for the long term. Its continued cost reduction and cash preservation measures position it well for growth.
The Zacks Consensus Estimate for the company’s earnings for fiscal 2022 currently stands at $2.22 per share, suggesting a year-over-year improvement of 161.2%. The estimate has moved up 1.8% over the last 30 days. It has a trailing four-quarter earnings surprise of 49.6%, on average. TWI currently carries a Zacks Rank #3 (Hold).
Price & Consensus: TWI
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
AGCO Corporation (AGCO) : Free Stock Analysis Report
Titan International, Inc. (TWI) : 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. Players like Deere & Company DE, AGCO Corporation AGCO, and Titan International, Inc. TWI are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts. These include tractors, combines, cotton pickers, 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.
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Players like Deere & Company DE, AGCO Corporation AGCO, and Titan International, Inc. TWI are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts. Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Titan International, Inc. (TWI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. Players like Deere & Company DE, AGCO Corporation AGCO, and Titan International, Inc. TWI are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts. These include tractors, combines, cotton pickers, 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.
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Players like Deere & Company DE, AGCO Corporation AGCO, and Titan International, Inc. TWI are well-poised to gain from their efforts to bring technologically advanced products to the market and cost-control efforts. These include tractors, combines, cotton pickers, 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.
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720954.0
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2022-11-30 00:00:00 UTC
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3 Industrial Stocks To Watch In December 2022
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DE
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https://www.nasdaq.com/articles/3-industrial-stocks-to-watch-in-december-2022
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nan
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As the calendar year comes to an end, it’s time for investors to start thinking about their portfolios for the upcoming year. Industrial stocks can be a great option, as these companies can often provide steady returns and growth. Industrial stocks have a long-time reputation for being reliable long-term investments that offer steady returns over time.
While also providing exposure to new technologies and innovative products/services that are being developed all around us every day. With that in mind, here are some of the best industrial stocks to watch in the stock market today heading into December 2022.
Industrial Stocks To Watch Today
United Parcel Service Inc. (NYSE: UPS)
Deere & Company (NYSE: DE)
Lockheed Martin Corporation (NYSE: LMT)
1. United Parcel Services (UPS Stock)
Starting off, United Parcel Services (UPS) is an American multinational package delivery and supply chain management company. Today, UPS delivers packages to more than 220 countries and territories around the world. In addition to its core package delivery business, UPS also offers a range of other logistics and transportation services, including freight forwarding, warehousing, and e-commerce fulfillment.
UPS Recent Stock News
In recent news, this month UPS announced the completion of its previously announced acquisition of Bomi Group. Bomi Group is a multi-national healthcare logistics provider. Diving into the deal, this purchase will add temperature-controlled facilities across 14 countries for UPS’s healthcare unit, UPS Healthcare. While at the same time adding 3,000 new employees to the company throughout Latin America & Europe.
“With the capabilities Bomi Group brings to our network, UPS Healthcare is confident that significant new services and synergies will come in Europe and Latin America from this acquisition,” commented UPS Healthcare President Wes Wheeler.
UPS Stock Chart
Over the last month of trading action, shares of UPS stock have recovered by 11.20%. While still being down 12.62% year-to-date. Meanwhile, during Wednesday’s afternoon trading session, United Parcel Service stock is trading higher on the day by 0.94% at $186.72 a share.
Source: TD Ameritrade TOS
[Read More] Good Stocks To Invest In Now? 3 Dividend Aristocrats Stocks For Your List
2. Deere & Company (DE Stock)
Following that, Deere & Company (DE) is one of the world’s leading manufacturers of agricultural equipment. In brief, the company manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains, and lawn care equipment. Today, Deere & Co has an annual dividend yield of 1.03%.
DE Recent Stock News
Just last week, Deere & Co. reported better-than-expected fourth-quarter 2022 financial results. In the report, the company reported earnings of $7.08 per share with revenue of $13.4 billion. This is versus consensus estimates for the quarter, which were earnings of $7.08 per share and revenue estimates of $13.4 billion. In addition, the company was able to increase revenue by 37.2% on a year-over-year basis.
John C. May, chairman, and CEO commented, “Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world. We’re proud of their extraordinary efforts to overcome supply-chain constraints, increase factory production, and deliver products to our customers.“
DE Stock Chart
Over the last month of trading, shares of DE stock are up 10.45%. On Wednesday afternoon, Deere & Co. stock is trading down by 0.86% at $437.32 a share.
Source: TD Ameritrade TOS
[Read More] 3 S&P 500 Stocks For Your December 2022 Watchlist
3. Lockheed Martin (LMT Stock)
Last but not least, Lockheed Martin Corporation (LMT) is an American multinational aerospace, defense, security, and advanced technologies company with worldwide interests. The corporation’s main business is divided into five segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
LMT Recent Stock News
Late last month, Lockheed Martin announced better-than-expected third-quarter 2022 financial results. Getting right into it, LMT reported a Q3 2022 EPS of $6.87 and revenue of $16.6 billion. Wall Street’s consensus estimates for the quarter were earnings of $6.60 per share, with revenue of $16.7 billion. Additionally, the company also announced it increased its quarterly dividend rate 7% to $3.00 per share.
Lockheed Martin Chairman, President, and CEO James Taiclet commented, “Lockheed Martin delivered a solid quarter, highlighted by strength in free cash flow, orders, and operating margins, that positions us well to achieve our full-year commitments.“
LMT Stock Chart
Looking at 2022 so far, shares of LMT stock have outperformed the broader markets, as they are up 35.70% YTD. Meanwhile, during Wednesday’s afternoon trading action, LMT stock is trading modestly lower by 0.65% at $480.77 a share.
Source: TD Ameritrade TOS
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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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In addition to its core package delivery business, UPS also offers a range of other logistics and transportation services, including freight forwarding, warehousing, and e-commerce fulfillment. John C. May, chairman, and CEO commented, “Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world. Source: TD Ameritrade TOS If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
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Industrial Stocks To Watch Today United Parcel Service Inc. (NYSE: UPS) Deere & Company (NYSE: DE) Lockheed Martin Corporation (NYSE: LMT) 1. United Parcel Services (UPS Stock) Starting off, United Parcel Services (UPS) is an American multinational package delivery and supply chain management company. Industrial stocks can be a great option, as these companies can often provide steady returns and growth.
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Industrial Stocks To Watch Today United Parcel Service Inc. (NYSE: UPS) Deere & Company (NYSE: DE) Lockheed Martin Corporation (NYSE: LMT) 1. Lockheed Martin Chairman, President, and CEO James Taiclet commented, “Lockheed Martin delivered a solid quarter, highlighted by strength in free cash flow, orders, and operating margins, that positions us well to achieve our full-year commitments.“ LMT Stock Chart Looking at 2022 so far, shares of LMT stock have outperformed the broader markets, as they are up 35.70% YTD. Industrial stocks can be a great option, as these companies can often provide steady returns and growth.
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Deere & Company (DE Stock) Following that, Deere & Company (DE) is one of the world’s leading manufacturers of agricultural equipment. Additionally, the company also announced it increased its quarterly dividend rate 7% to $3.00 per share. Industrial stocks can be a great option, as these companies can often provide steady returns and growth.
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720955.0
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2022-11-28 00:00:00 UTC
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What's Next For Deere Stock After A Solid Q4?
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DE
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https://www.nasdaq.com/articles/whats-next-for-deere-stock-after-a-solid-q4
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Deere stock (NYSE: DE) is up 12% in a month, outperforming the broader S&P500 index, up over 4%. The rise in DE stock can be attributed to the upbeat Q4 fiscal 2022 earnings it reported earlier this week. Its top line and earnings were well above our estimates, driven by better price realization.
Deere’s revenue of $14.4 billion (equipment operations) reflected a stellar 40% y-o-y rise. Sales were up 59% for Production & Precision Agriculture, 26% for Small Agriculture & Turf, and 20% for Construction & Forestry. The sales growth was driven by higher volume/mix and better price realization. Its earnings of $7.44 on a per share basis was up a significant 75% y-o-y, led by over 500 bps rise in operating margin.
Given the strong demand outlook and pricing growth, the company has a robust outlook for 2023. It expects sales to trend higher and net income of between $8.0 and $8.5 billion, compared to the $7.1 billion figure in 2022. Strong Q4 performance and outlook boded well with the investors, evident from the stock price appreciation.
We estimate Deere’s Valuation to be around $413 per share, which is about 6% below the current market price of $438. At its current levels, DE stock is trading around 16x its expected forward earnings, aligning with the last three-year average of 16x, implying that DE stock is appropriately valued now.
But What About The Near Term?
Now that DE stock has seen a 12% rise in a month, will it continue its upward trajectory, or is a fall imminent? Going by historical performance, there is a good chance of an increase in DE stock over the next month. DE stock has seen a move of 12% or more 196 times in the last ten years. 138 of those resulted in DE stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 138 out of 196, or a 70% chance of a rise in DE stock over the coming month. See our analysis on Deere Stock Chance of Rise for more details.
Calculation of ‘Event Probability‘ and ‘Chance of Rise‘ using the last ten years’ data
After moving 7.7% or more over five days, the stock rose on 56% of the occasions in the next five days.
After moving 10.2% or more over ten days, the stock rose in the next ten days on 49% of the occasions
After moving 11.7% or more over a twenty-one-day period, the stock rose on 70% of the occasions in the next twenty-one days.
This pattern suggests a higher chance of a rise in DE stock over the next five and twenty-one days.
Deere (DE) Stock Return (Recent) Comparison With Peers And S&P500
Five-Day Return: DE highest at 7.7%; ASTE lowest at -20.0%
Ten-Day Return: CNHI highest at 12.8%; ASTE lowest at -18.4%
Twenty-One Days Return: TEX highest at 30.0%; ASTE lowest at -12.2%
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 Nov 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
DE Return 11% 28% 325%
S&P 500 Return 4% -16% 80%
Trefis Multi-Strategy Portfolio 4% -19% 221%
[1] Month-to-date and year-to-date as of 11/25/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The rise in DE stock can be attributed to the upbeat Q4 fiscal 2022 earnings it reported earlier this week. 138 of those resulted in DE stock rising over the subsequent one-month period (twenty-one trading days). Deere stock (NYSE: DE) is up 12% in a month, outperforming the broader S&P500 index, up over 4%.
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Deere (DE) Stock Return (Recent) Comparison With Peers And S&P500 Five-Day Return: DE highest at 7.7%; ASTE lowest at -20.0% Ten-Day Return: CNHI highest at 12.8%; ASTE lowest at -18.4% Twenty-One Days Return: TEX highest at 30.0%; ASTE lowest at -12.2% While DE stock is fully valued, it is helpful to see how Deere’s Peers fare on metrics that matter. Total [2] DE Return 11% 28% 325% S&P 500 Return 4% -16% 80% Trefis Multi-Strategy Portfolio 4% -19% 221% [1] Month-to-date and year-to-date as of 11/25/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere stock (NYSE: DE) is up 12% in a month, outperforming the broader S&P500 index, up over 4%.
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Deere (DE) Stock Return (Recent) Comparison With Peers And S&P500 Five-Day Return: DE highest at 7.7%; ASTE lowest at -20.0% Ten-Day Return: CNHI highest at 12.8%; ASTE lowest at -18.4% Twenty-One Days Return: TEX highest at 30.0%; ASTE lowest at -12.2% While DE stock is fully valued, it is helpful to see how Deere’s Peers fare on metrics that matter. Total [2] DE Return 11% 28% 325% S&P 500 Return 4% -16% 80% Trefis Multi-Strategy Portfolio 4% -19% 221% [1] Month-to-date and year-to-date as of 11/25/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere stock (NYSE: DE) is up 12% in a month, outperforming the broader S&P500 index, up over 4%.
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We estimate Deere’s Valuation to be around $413 per share, which is about 6% below the current market price of $438. Total [2] DE Return 11% 28% 325% S&P 500 Return 4% -16% 80% Trefis Multi-Strategy Portfolio 4% -19% 221% [1] Month-to-date and year-to-date as of 11/25/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere stock (NYSE: DE) is up 12% in a month, outperforming the broader S&P500 index, up over 4%.
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93e185d0-ab7c-4bd8-99c3-4a828fc6163f
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720956.0
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2022-11-28 00:00:00 UTC
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Deere Stock (NYSE: DE): Recent Rally Might be Just the Start
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https://www.nasdaq.com/articles/deere-stock-nyse%3A-de%3A-recent-rally-might-be-just-the-start
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Deere (NYSE: DE) has seen its stock price surge following the release of some applaud-worthy fourth-quarter results. Profits and sales surged sharply as the company began to feel the perfect combination of strong demand and relief from supply chain woes. As the agricultural machinery maker makes a run for new all-time highs, I still view the name as one of the worthier industrial stocks heading into a recession year. The stock's still cheap, and the post-quarter jump may very well be the start of a sustained move higher. I am bullish on Deere stock.
Deere Puts an Exclamation Mark on Its Impressive Fourth Quarter
For the fourth quarter, Deere clocked in an EPS of $7.44, beating the consensus of $7.11. Revenue took off by 40% to $14.3 billion, and operating margins rose to around 18%. All in all, it was a sensational quarter.
Price increases across its lineup of equipment helped power the impressive profitability surge. Looking ahead, demand is expected to stay strong, with order books reportedly full for certain types of equipment until the third quarter of next year. As supply-side constraints continue to alleviate over the coming months, it seems unlikely that any other industrial stock will be able to run like Deere.
Deere showed us all just how much pricing power it has. With inflation continuing to surge, Deere could raise prices on its equipment, and customers won't think twice about submitting their orders. Indeed, Deere has done a magnificent job of moving through a rough inflationary environment.
Even as a recession begins, the farming scene will likely continue flexing its muscles, with farmers looking to replace their worn-out old tractors and combines. Undoubtedly, the farming equipment replacement cycle is alive and well.
In 2023, management expects net sales in production and precision agriculture to be in the 15-20% range.
Technological Advancements Could Extend Equipment Replacement Cycle
When it comes to the cyclical industrials, the booms and busts tend to be outsized. With robust demand pointing to a boom in agriculture and construction equipment, Deere could easily be in for another one of its big stock spikes. Even after most farmers get their new tractors (unlikely by next year's end), Deere's ongoing innovations could help extend the current replacement cycle.
Deere's a tech-savvy company that's serious about automating the farms of the future. Unlike the many unprofitable hyper-growth companies that can only propel their share prices with promising stories, Deere doesn't need to get investors excited to send its stock higher. It has strong earnings to support upward moves in the share price.
With a robust balance sheet and some of the most capable managers in the business, Deere is ready to invest in the next generation of equipment. The company has been hiring tons of coders to help make the lives of farmers easier.
Undoubtedly, it's tough to be a farmer, but somebody has to get their hands dirty to feed a growing world population. With automated tractors that can take care of the lion's share of the work, the business of farming is slated to become more lucrative with time.
Even after last week's impressive post-earnings surge, shares of Deere don't at all trade at a "growthy" tech multiple. I think it should.
At writing, DE stock trades at a modest 22 times trailing earnings and 2.8 times sales. With a 1.1 beta, Deere shares are just a tad more volatile than the broader S&P 500.
As Deere's managers continue to make the most of the boom ahead while investing heavily in automation and other innovations, it's not a mystery why so many Wall Street analysts are still upbeat on the name at these heights.
Is DE Stock a Buy?
Turning to Wall Street, DE stock has a Moderate Buy consensus rating based on 10 Buys, six Holds, and zero Sells assigned in the past three months. The average Deere price target is $471, implying an upside potential of 6.43%. Analyst price targets range from a low of $342.00 per share to a high of $582.00 per share.
Conclusion: DE Stock is Firing on All Cylinders
Deere's latest quarter really was that impressive. Management is firing on all cylinders, moving past supply headwinds effectively while continuing to invest in the future. As the company looks to feed the demand for its latest line of equipment, there's no telling how much higher the stock can run from here.
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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Profits and sales surged sharply as the company began to feel the perfect combination of strong demand and relief from supply chain woes. Unlike the many unprofitable hyper-growth companies that can only propel their share prices with promising stories, Deere doesn't need to get investors excited to send its stock higher. As Deere's managers continue to make the most of the boom ahead while investing heavily in automation and other innovations, it's not a mystery why so many Wall Street analysts are still upbeat on the name at these heights.
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Deere Puts an Exclamation Mark on Its Impressive Fourth Quarter For the fourth quarter, Deere clocked in an EPS of $7.44, beating the consensus of $7.11. Conclusion: DE Stock is Firing on All Cylinders Deere's latest quarter really was that impressive. Management is firing on all cylinders, moving past supply headwinds effectively while continuing to invest in the future.
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Deere Puts an Exclamation Mark on Its Impressive Fourth Quarter For the fourth quarter, Deere clocked in an EPS of $7.44, beating the consensus of $7.11. Unlike the many unprofitable hyper-growth companies that can only propel their share prices with promising stories, Deere doesn't need to get investors excited to send its stock higher. Conclusion: DE Stock is Firing on All Cylinders Deere's latest quarter really was that impressive.
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Is DE Stock a Buy? As the company looks to feed the demand for its latest line of equipment, there's no telling how much higher the stock can run from here. Deere (NYSE: DE) has seen its stock price surge following the release of some applaud-worthy fourth-quarter results.
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c9342ade-4c18-4a51-88af-f7ba5b8a4038
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720957.0
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2022-11-27 00:00:00 UTC
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My Top Wildly Undervalued Dividend King to Buy In 2023
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DE
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https://www.nasdaq.com/articles/my-top-wildly-undervalued-dividend-king-to-buy-in-2023
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Stanley Black & Decker (NYSE: SWK) stock is down a brutal 63% from its all-time high (reached in the spring of 2021). The sharp drawdown has been the worst sell-off for the blue-chip dividend stock since the 1970s. And Stanley Black & Decker is a far more reputable and established company today. In fact, it's a Dividend King, which is an S&P 500 component that has paid and raised its dividend for at least 50 consecutive years.
It's rare for a Dividend King to see a drawdown this far and this fast. And while there are good reasons for the sell-off, there's also an argument that Stanley Black & Decker stock is wildly undervalued and could be a powerful passive income source for 2023 and beyond.
Image source: Getty Images.
Nuances of the industrial economy
Industrials have been one of the best-performing sectors so far in 2022. The S&P Industrial Select Sector Index is down less than 5% year to date, which is far better than the S&P 500's 15.5% decline. Long-term investors may be scratching their heads at the industrial sector's relative outperformance, given that it usually ebbs and flows along with the broader economy and the S&P 500. But 2022 has been no ordinary economy.
What has made this year unique is the disconnect between the health of businesses and the health of the consumer. Demand for new equipment and aftermarket services in agriculture, mining, oil and gas, power generation, and many industries in or related to the industrial economy is strong because commodity prices like oil, natural gas, soy, corn, wheat, and raw materials are doing well. These favorable trends are leading to record profits and near-record high stock prices for companies like Deere & Company and Caterpillar that sell high-ticket equipment and machinery mainly to other businesses.
There's also the added tailwind of higher U.S. infrastructure spending, which pairs with the trend toward deglobalization as countries look to bring manufacturing back home and improve security. Higher commodity prices combined with these trends are great news for industrial companies that sell products and services to other businesses. But these trends don't really benefit industrial companies that depend on the health of the consumer.
Enter Stanley Black & Decker, which is vulnerable to consumer spending. Not only has the company been combating a weakening consumer, but it is also dealing with supply chain challenges, rising raw materials costs, and labor challenges. The company is in the process of a reorganization to cut costs and navigate prolonged headwinds. In the meantime, earnings are only slightly higher than they were five years ago. And Stanley Black & Decker currently has negative free cash flow, which means it can't support its dividend with cash.
Declining financial health
In addition to its poor performance, the health of the company's balance sheet has declined. Financial debt-to-equity and debt-to-capital are at or near 10-year highs, while total net long-term debt is down off the 10-year high but is still much higher than in past years and more than double levels seen less than two years ago.
SWK Financial Debt to Equity (Quarterly) data by YCharts.
The reorganization should help limit the company's dependence on debt. But investors are taking a "prove it" approach to the stock, which explains why the sell-off has gone as far as it has.
The good news is that Stanley Black & Decker's balance sheet was in very good shape at the start of 2021. So as challenges intensified last year and throughout 2022, the company had a hefty margin of error to take on more debt. This margin of error is a common quality of Dividend Kings. To pay and raise a dividend for over 50 years in a row (Stanley Black & Decker has paid but not raised its dividend for 146 consecutive years), a company has to keep a good balance sheet so it can outlast downturns.
Stanley Black & Decker couldn't have predicted the extent of the challenges it has faced. But it did what it could control, which was to position its balance sheet so that it could take on debt when needed.
A worthy turnaround play
As bad as Stanley Black & Decker's performance has been, the stock has sold off too far -- especially considering the company's track record for dividend raises and its industry-leading position.
Stanley Black & Decker stock now has a dividend yield of 3.9%, which is the highest level since the great recession of 2008. Stanley Black & Decker has been through past cycles before. The stock looks like a potential turnaround play. And the high dividend yield provides a compelling incentive to hold the stock while waiting for the business to rebound.
10 stocks we like better than Stanley Black & Decker
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Stanley Black & Decker wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool recommends Deere & Company. 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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And while there are good reasons for the sell-off, there's also an argument that Stanley Black & Decker stock is wildly undervalued and could be a powerful passive income source for 2023 and beyond. There's also the added tailwind of higher U.S. infrastructure spending, which pairs with the trend toward deglobalization as countries look to bring manufacturing back home and improve security. A worthy turnaround play As bad as Stanley Black & Decker's performance has been, the stock has sold off too far -- especially considering the company's track record for dividend raises and its industry-leading position.
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Demand for new equipment and aftermarket services in agriculture, mining, oil and gas, power generation, and many industries in or related to the industrial economy is strong because commodity prices like oil, natural gas, soy, corn, wheat, and raw materials are doing well. To pay and raise a dividend for over 50 years in a row (Stanley Black & Decker has paid but not raised its dividend for 146 consecutive years), a company has to keep a good balance sheet so it can outlast downturns. Stanley Black & Decker (NYSE: SWK) stock is down a brutal 63% from its all-time high (reached in the spring of 2021).
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To pay and raise a dividend for over 50 years in a row (Stanley Black & Decker has paid but not raised its dividend for 146 consecutive years), a company has to keep a good balance sheet so it can outlast downturns. A worthy turnaround play As bad as Stanley Black & Decker's performance has been, the stock has sold off too far -- especially considering the company's track record for dividend raises and its industry-leading position. 10 stocks we like better than Stanley Black & Decker When our award-winning analyst team has a stock tip, it can pay to listen.
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But these trends don't really benefit industrial companies that depend on the health of the consumer. Financial debt-to-equity and debt-to-capital are at or near 10-year highs, while total net long-term debt is down off the 10-year high but is still much higher than in past years and more than double levels seen less than two years ago. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Stanley Black & Decker wasn't one of them!
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720958.0
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2022-11-25 00:00:00 UTC
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Company News for Nov 25, 2022
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https://www.nasdaq.com/articles/company-news-for-nov-25-2022
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Shares of Deere & Company DE jumped 5% after the company reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share.
Nordstrom, Inc.’s JWN shares declined 4.2% after the company cut its annual profit forecast and said that its sales slowed the past two months.
Shares of HP Inc. HPQ rose 1.8% after the company reported fourth-quarter fiscal 2022 earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.84 per share.
Manchester United plc’s MANU shares soared 25.8% after the company said that it was planning to adopt strategic alternatives and even a possible sale.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HP Inc. (HPQ) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
Manchester United Ltd. (MANU) : 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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Nordstrom, Inc.’s JWN shares declined 4.2% after the company cut its annual profit forecast and said that its sales slowed the past two months. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Shares of Deere & Company DE jumped 5% after the company reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share.
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Shares of Deere & Company DE jumped 5% after the company reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report Manchester United Ltd. (MANU) : Free Stock Analysis Report To read this article on Zacks.com click here. Nordstrom, Inc.’s JWN shares declined 4.2% after the company cut its annual profit forecast and said that its sales slowed the past two months.
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Shares of Deere & Company DE jumped 5% after the company reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report Manchester United Ltd. (MANU) : Free Stock Analysis Report To read this article on Zacks.com click here. Nordstrom, Inc.’s JWN shares declined 4.2% after the company cut its annual profit forecast and said that its sales slowed the past two months.
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Shares of Deere & Company DE jumped 5% after the company reported fourth-quarter fiscal 2022 earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share. Nordstrom, Inc.’s JWN shares declined 4.2% after the company cut its annual profit forecast and said that its sales slowed the past two months. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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37149991-5dc8-4fdc-bb02-8e30da67ed8f
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720959.0
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2022-11-24 00:00:00 UTC
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Deere (DE) Hits New 52-Week High: What's Driving the Stock?
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DE
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https://www.nasdaq.com/articles/deere-de-hits-new-52-week-high%3A-whats-driving-the-stock
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nan
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nan
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Deere & Company DE scaled a fresh 52-week high of $448.80 during the trading session on Nov 23, before closing slightly lower at $437.52. This came from solid fourth-quarter fiscal 2022 results, wherein DE reported an 81% surge in earnings per share while equipment operations’ revenues rose 40%. Continued strong demand and higher shipment volumes offset steep costs and helped Deere shine in the quarter. An improved scenario in the agricultural, construction and forestry sector is favoring DE. DE has a market capitalization of $125.7 billion and a Zacks Rank #3 (Hold), currently.
Price Performance
Shares of Deere have gained 19% in the past year compared with the industry’s growth of 11.7%.
Image Source: Zacks Investment Research
Driving Factors
Deere’s net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14.3 billion in the fourth quarter of fiscal 2022, up 40% from the prior-year fiscal quarter’s levels. Earnings were $7.44 per share, marking an 81% surge from the prior-year fiscal quarter’s levels. In the fourth quarter of fiscal 2022, DE made significant progress in clearing partially-completed machines from inventory. Backed by this and higher production rates, Deere reported expanded shipment volumes. As a result, DE was successful in delivering higher equipment to dealers and customers. Price realization, and improved shipment volumes and mix helped it reap better profits in the aforementioned quarter. Deere is expected to benefit from stability in the U.S. farm sector. Per the U.S. Department of Agriculture's (USDA) latest available projections, net farm income is projected to increase 5.2% from the 2021-level to $147.7 billion in the calendar year of 2022. Improved farm income will likely translate into increased order levels for DE. Deere projects net income between $8 billion and $8.5 billion for fiscal 2023. Net sales for Production & Precision Agriculture are expected to grow in the 15% to 20% range for fiscal 2023 from the prior-year fiscal quarter’s levels. Sales growth for Small Agriculture & Turf is expected to be flat to up 5%. The construction and forestry equipment sales for fiscal 2023 will likely be up around 10% from the previous fiscal year’s reading. DE expects large agriculture equipment industry sales in the United States and Canada to be up 5-10% from the prior fiscal year’s actuals. In Europe, the agriculture and turf industry is projected to be flat to up 5%, year over year. The South American market’s industry sales of tractors and combines will likely be flat to up 5% compared to previous year. Deere anticipates record production and strong profitability for the upcoming fiscal year in the South American region, especially in Brazil. North America will likely reflect strong demand to continue surpassing the industry's ability to supply. Deere projected industry sales of both earthmoving and compact construction equipment to be flat to up 5% in North America. Global forestry markets and global roadbuilding will likely be flat. The outlook implies strong demand in the American market and slower demand in the European and Asian markets.
Positive Growth Projections
The Zacks Consensus Estimate for Deere’s fiscal 2023 earnings is currently pegged at $26.65, suggesting growth of 11.4% from the last fiscal year’s tally. The estimate has been revised 0.2% upward in the past 30 days.
Zacks Rank and Stocks to Consider
Some better-ranked stocks in the Industrial Products sector are Enerpac Tool Group EPAC, Hubbell HUBB and W.W. Grainger GWW. While EPAC and HUBB sport a Zacks Rank #1 (Strong Buy), GWW holds a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Enerpac Tool Group has an earnings growth estimate of 44.6% for the current year. The estimates have been unchanged over the past 30 days. EPAC’s shares have rallied 10.2% over the year. It has a trailing four-quarter surprise of 3.4%, on average. Hubbell has an average trailing four-quarter earnings surprise of 10.6%. The stock has gained 22.8% in the past year. HUBB’s earnings growth estimate for fiscal 2022 is 6.7%. The consensus mark has been revised 4.8% upward in the past 30 days. W.W. Grainger has a trailing four-quarter average surprise of 10.1%. The Zacks Consensus Estimate for GWW’s 2022 earnings indicates 16.6% growth from the year-ago reported number. The consensus estimate has increased 4.1% over the past 30 days. The stock has jumped 21.2% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
Hubbell Inc (HUBB) : Free Stock Analysis Report
Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This came from solid fourth-quarter fiscal 2022 results, wherein DE reported an 81% surge in earnings per share while equipment operations’ revenues rose 40%. Continued strong demand and higher shipment volumes offset steep costs and helped Deere shine in the quarter. DE expects large agriculture equipment industry sales in the United States and Canada to be up 5-10% from the prior fiscal year’s actuals.
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Image Source: Zacks Investment Research Driving Factors Deere’s net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14.3 billion in the fourth quarter of fiscal 2022, up 40% from the prior-year fiscal quarter’s levels. Zacks Rank and Stocks to Consider Some better-ranked stocks in the Industrial Products sector are Enerpac Tool Group EPAC, Hubbell HUBB and W.W. Grainger GWW. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Driving Factors Deere’s net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14.3 billion in the fourth quarter of fiscal 2022, up 40% from the prior-year fiscal quarter’s levels. Positive Growth Projections The Zacks Consensus Estimate for Deere’s fiscal 2023 earnings is currently pegged at $26.65, suggesting growth of 11.4% from the last fiscal year’s tally. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Driving Factors Deere’s net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14.3 billion in the fourth quarter of fiscal 2022, up 40% from the prior-year fiscal quarter’s levels. Zacks Rank and Stocks to Consider Some better-ranked stocks in the Industrial Products sector are Enerpac Tool Group EPAC, Hubbell HUBB and W.W. Grainger GWW. Deere & Company DE scaled a fresh 52-week high of $448.80 during the trading session on Nov 23, before closing slightly lower at $437.52.
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92300128-e1a2-4dee-bb1a-ebcfdeb84e75
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720960.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Wall St set to dip at open ahead of Fed minutes, Apple falls
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-dip-at-open-ahead-of-fed-minutes-apple-falls
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By Shreyashi Sanyal and Ankika Biswas
Nov 23 (Reuters) - Wall Street's main indexes were set to open slightly lower on Wednesday as Apple shares fell, while investors awaited the release of minutes from the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy.
Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation.
The minutes, expected at 2 p.m. ET, may show just how deep any emerging disagreement has begun to run at the Fed as it ends the push to "front-load" rate increases and begins feeling the way in smaller steps to an eventual stopping point.
"We will get the latest FOMC minutes today ... do not expect to hear anything new," said Kenny Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida. "We know what's going to happen, so sit tight."
Traders are now widely placing their bets on a 50-basis point rate increase at the central bank's next meeting in December. FEDWATCH
The benchmark S&P 500 index .SPX closed at its highest level in 2-1/2 months on Tuesday after a sales forecast by Best Buy Co Inc BBY.Neased concerns that high inflation would lead to a dismal holiday shopping season.
In contrast, shares of Nordstrom Inc JWN.N fell 8.3% in premarket trading after the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, some signs of cooling inflation and hopes of smaller increments in the Fed's rate hikes.
Trading volume is likely to be thin heading into the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Apple Inc AAPL.O shares slipped 0.7% after hundreds of workers joined protests at Foxconn's 2317.TW flagship iPhone plant in China, while a source told Reuters that the unrest did not affect production at the plant.
Other growth stocks rose including, Microsoft Corp MSFT.O, Amazon.com Inc AMZN.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O rose between 0.1% and 2.1%.
Data showed the number of Americans filing for unemployment benefits rose more than expected last week, but it likely does not suggest a material shift in labor market conditions, which remain tight.
At 8:44 a.m. ET, Dow e-minis 1YMcv1 were down 51 points, or 0.15%, S&P 500 e-minis EScv1 were down 5 points, or 0.12%, and Nasdaq 100 e-minis NQcv1 were down 6.75 points, or 0.06%.
HP Inc HPQ.N shares rose 2.2% as the PC maker said it planned to cut up to 6,000 jobs by the end of fiscal 2025.
Deere & Co DE.N gained 3.4% as the farm equipment maker reported a higher-than-expected quarterly profit on strong sales accelerated by price hikes.
(Reporting by Shreyashi Sanyal and Ankika Biswas; Additional reporting by Shubham Batra and Sruthi Shankar; Editing by Anil D'Silva and Shounak Dasgupta)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and 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 Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes were set to open slightly lower on Wednesday as Apple shares fell, while investors awaited the release of minutes from the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy. FEDWATCH The benchmark S&P 500 index .SPX closed at its highest level in 2-1/2 months on Tuesday after a sales forecast by Best Buy Co Inc BBY.Neased concerns that high inflation would lead to a dismal holiday shopping season. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, some signs of cooling inflation and hopes of smaller increments in the Fed's rate hikes.
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By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes were set to open slightly lower on Wednesday as Apple shares fell, while investors awaited the release of minutes from the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy. Traders are now widely placing their bets on a 50-basis point rate increase at the central bank's next meeting in December. Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation.
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By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes were set to open slightly lower on Wednesday as Apple shares fell, while investors awaited the release of minutes from the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy. Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation. ET, may show just how deep any emerging disagreement has begun to run at the Fed as it ends the push to "front-load" rate increases and begins feeling the way in smaller steps to an eventual stopping point.
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Traders are now widely placing their bets on a 50-basis point rate increase at the central bank's next meeting in December. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, some signs of cooling inflation and hopes of smaller increments in the Fed's rate hikes. By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes were set to open slightly lower on Wednesday as Apple shares fell, while investors awaited the release of minutes from the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy.
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215e36eb-c13c-4255-9adb-f8b44106394f
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720961.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Wall Street rise as Fed signals slowdown in rate hikes
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-rise-as-fed-signals-slowdown-in-rate-hikes
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nan
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By Carolina Mandl and Sinéad Carew
Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon.
A "substantial majority" of policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes, the minutesshowed.
"What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
Since the Fed's last meeting on Nov. 1-2, investors have been more optimistic that price pressure has started to ease, meaning smaller rate hikes could curtail inflation.
According to preliminary data, the S&P 500 .SPX gained 24.03 points, or 0.61%, to end at 4,027.46 points, while the Nasdaq Composite .IXIC gained 112.77 points, or 1.01%, to 11,287.18. The Dow Jones Industrial Average .DJI rose 97.01 points, or 0.30%, to 34,200.35.
Trading volume was thin ahead of the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Earlier on Wednesday, a mixed bag of economic data led to a drop in yield on the benchmark 10-year Treasury note, helping drive stocks up.
The number of Americans filing new claims for unemployment benefits rose more than expected last week and U.S. business activity contracted for a fifth straight month in November. Consumer sentiment ticked higher and home sales rose above expectations.
"What I think you're seeing is renewed investor enthusiasm fueled by those who see that beautiful light at the end of what has been a very dark tunnel. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
Heavyweight stocks, including Amazon.com Inc AMZN.O and Meta Platforms Inc META.O, rose.
Tesla Inc TSLA.O jumped with Citigroup upgrading the electric-vehicle maker's stock to "neutral" from a "sell" rating.
Deere & Co DE.N soared after the farm equipment maker reported a higher-than-expected quarterly profit.
Nordstrom Inc JWN.N fell as the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
(Reporting by Carolina Mandl, Shreyashi Sanyal and Ankika Biswas; Editing by Anil D'Silva, Richard Chang and Rosalba O'Brien)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and 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 Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
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By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
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By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
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By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
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a6dc7f1d-77e1-4bf4-8d6a-b045f07baec8
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720962.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Wall Street rises as Fed signals rate hikes may slow
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-rises-as-fed-signals-rate-hikes-may-slow-0
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nan
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nan
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By Carolina Mandl and Sinéad Carew
Nov 23 (Reuters) - Wall Street's main indexes edged higher on Wednesday after minutes from the Federal Reserve's November meeting showed interest rate hikes may slow soon.
A "substantial majority" of policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes, according to the minutes.
"What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
Since the Fed's last meeting on Nov. 1-2, investors have been more optimistic that price pressure has started to ease, signaling smaller rate hikes could curtail inflation.
"What I think you're seeing is renewed investor enthusiasm fueled by those who see that beautiful light at the end of what has been a very dark tunnel. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam, at Anson Funds.
At 2:51 p.m. ET, the Dow Jones Industrial Average .DJI rose 136.27 points, or 0.4%, to 34,234.37, the S&P 500 .SPX gained 25.74 points, or 0.64%, to 4,029.32 and the Nasdaq Composite .IXIC added 121.15 points, or 1.08%, to 11,295.56.11,295.56
Trading volume was thin ahead of the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Earlier in the morning, a mixed bag of economic data led to a drop in yield on the benchmark 10-year Treasury note, helping drive stocks up.
The number of Americans filing new claims for unemployment benefits rose more than expected last week and U.S. business activity contracted for a fifth straight month in November. Consumer sentiment ticked higher and home sales rose above expectations.
Heavyweight stocks, including Amazon.com Inc AMZN.O and Meta Platforms Inc META.O, rose nearly 1%.
Tesla Inc TSLA.O jumped 7.4%, with Citigroup upgrading the electric-vehicle maker's stock to "neutral" from a "sell" rating.
Deere & Co DE.N jumped 5.5% after the farm equipment maker reported a higher-than-expected quarterly profit.
Nordstrom Inc JWN.N fell 4.5% as the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
Advancing issues outnumbered declining ones on the NYSE by a 1.81-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.
The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 82 new highs and 112 new lows.
(Reporting by Carolina Mandl, Shreyashi Sanyal and Ankika Biswas; Editing by Anil D'Silva, Richard Chang and Rosalba O'Brien)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and 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 Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes edged higher on Wednesday after minutes from the Federal Reserve's November meeting showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam, at Anson Funds.
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By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes edged higher on Wednesday after minutes from the Federal Reserve's November meeting showed interest rate hikes may slow soon. ET, the Dow Jones Industrial Average .DJI rose 136.27 points, or 0.4%, to 34,234.37, the S&P 500 .SPX gained 25.74 points, or 0.64%, to 4,029.32 and the Nasdaq Composite .IXIC added 121.15 points, or 1.08%, to 11,295.56.11,295.56 Trading volume was thin ahead of the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday. The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 82 new highs and 112 new lows.
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By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes edged higher on Wednesday after minutes from the Federal Reserve's November meeting showed interest rate hikes may slow soon. ET, the Dow Jones Industrial Average .DJI rose 136.27 points, or 0.4%, to 34,234.37, the S&P 500 .SPX gained 25.74 points, or 0.64%, to 4,029.32 and the Nasdaq Composite .IXIC added 121.15 points, or 1.08%, to 11,295.56.11,295.56 Trading volume was thin ahead of the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
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By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes edged higher on Wednesday after minutes from the Federal Reserve's November meeting showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam, at Anson Funds.
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8750b09d-9df7-4848-8b16-ff3c9ade7f39
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720963.0
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2022-11-23 00:00:00 UTC
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Deere (DE) Q4 Earnings Top Estimates, Rise Y/Y on Solid Demand
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DE
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https://www.nasdaq.com/articles/deere-de-q4-earnings-top-estimates-rise-y-y-on-solid-demand
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nan
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Deere & Company DE reported fourth-quarter fiscal 2022 (ended Oct 31, 2022) earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08. The bottom line surged 81% from the prior-year fiscal quarter’s levels as higher shipment volumes and price realization helped offset the steep production and other expenses. DE witnessed strong demand for both the farm and construction equipment.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $14.3 billion, up 40% from the prior-year fiscal quarter’s levels. Revenues beat the Zacks Consensus Estimate of $13.6 billion. Total net sales (including financial services and others) were $15.5 billion, up 37% from the year-earlier fiscal quarter’s reading.
Operational Update
The cost of sales in the reported quarter was up 31% from the prior-year fiscal quarter’s reading to $10.1 billion. Total gross profit in the reported quarter surged 68% from the prior-year fiscal quarter’s levels to $4.1 billion. Selling, administrative and general expenses rose 27% to $1,192 million from the prior-year fiscal period’s levels.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote
Total operating profit (including financial services) surged 75% from the prior-year fiscal quarter’s levels to $2,957 million in the fiscal fourth quarter.
Segmental Performance
The Production & Precision Agriculture segment’s sales rose 59% from the prior-year fiscal quarter’s levels to $7,434 million, primarily owing to higher shipment volumes and price realization. Operating profit in the segment surged 124% from the prior-year fiscal quarter’s tally to $1,740 million. Gains from higher shipment volumes and price realization were offset by escalated production costs, higher R&D and SA&G expenses, and the impact of higher reserves on the remaining assets in Russia.
Small Agriculture & Turf sales rose 26% to $3,544 million from the year-earlier fiscal quarter’s levels due to higher shipment volumes and price realization, partially offset by the unfavorable impact of currency translation. The segment’s operating profit rose 46% from the prior-year fiscal quarter’s levels to $506 million, mainly aided 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.
Construction & forestry segment sales were $3,373 million, up 20% from the prior-year fiscal quarter’s levels, backed by price realization and higher volumes, partially offset by the negative effects of currency translation. The segment’s operating profit was up 53% from the prior-year fiscal quarter’s levels to $414 million on the back of price realization and increased sales volume. However, higher production costs and the impact of higher reserves on the remaining assets in Russia dampened these gains.
Net revenues in Deere’s Financial Services division were $988 million in the reported quarter compared with the prior-year fiscal quarter’s $869 million. The segment’s operating profit amounted to $297 million, down 1% from the year-ago fiscal quarter’s levels.
Financial Update
Deere reported cash and cash equivalents of $4.8 billion at the end of fiscal 2022 compared with $8 billion recorded at the end of the prior fiscal year. Cash generated from operating activities was $4.7 billion in fiscal 2022 compared with $7.7 billion in the earlier fiscal year. At the end of fiscal 2022, the long-term borrowing was $33.6 billion, up from $33 billion at the end of fiscal 2021.
Fiscal 2022 Performance
Deere’s earnings improved 23% from the prior-year fiscal quarter’s reading to $23.28 per share in fiscal 2022, surpassing the Zacks Consensus Estimate of $22.88. In fiscal 2022, net sales of equipment operations were $47.9 billion, up 21% from the prior-year fiscal quarter’s levels. Revenues beat the Zacks Consensus Estimate of $47.6 billion. Total net sales (including financial services and others) were $52.6 billion, up 19% from the prior-year fiscal quarter’s number.
Outlook
Deere expects net income for fiscal 2023 between $8 billion and $8.5 billion compared with $7.1 billion in fiscal 2022. 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 sales growth in the 15-20% range in fiscal 2023 from the prior-year fiscal quarter’s levels. Sales growth for Small Agriculture & Turf is expected to be flat to up 5% and for Construction & forestry to be up around 10%.
Price Performance
Image Source: Zacks Investment Research
Shares of Deere have gained 19.2% in the past year compared with the industry’s growth of 17.1%.
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Industrial Products sector are Hubbell HUBB, OI Glass OI and Titan International TWI. While HUBB and OI flaunt a Zacks Rank #1 (Strong Buy), TWI carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hubbell has an estimated current-year earnings growth rate of 29.3% from the year-ago reported figure. The earnings estimates have been revised 6.6% upward in the past 60 days. HUBB has an average trailing four-quarter earnings surprise of 10.6%. Its shares have gained 22.5% over the past year.
OI Glass’ earnings surprise in the last four quarters was 14.9%, on average. In the past 60 days, its earnings estimates have increased 14.3% for 2022. For the ongoing year, the bottom line is estimated to grow 6.1% from the previous-year level. The OI stock has gained 41% in the past year.
Titan International delivered a trailing four-quarter earnings surprise of 49.6%, on average. Current-year earnings are estimated to grow 161.1% from the year-ago reported figure. TWI’s shares have risen 90.4% in the past year.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The segment’s operating profit rose 46% from the prior-year fiscal quarter’s levels to $506 million, mainly aided 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. Deere & Company DE reported fourth-quarter fiscal 2022 (ended Oct 31, 2022) earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08. DE witnessed strong demand for both the farm and construction equipment.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Total operating profit (including financial services) surged 75% from the prior-year fiscal quarter’s levels to $2,957 million in the fiscal fourth quarter. Click to get this free report OI Glass, Inc. (OI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Titan International, Inc. (TWI) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE reported fourth-quarter fiscal 2022 (ended Oct 31, 2022) earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Total operating profit (including financial services) surged 75% from the prior-year fiscal quarter’s levels to $2,957 million in the fiscal fourth quarter. Fiscal 2022 Performance Deere’s earnings improved 23% from the prior-year fiscal quarter’s reading to $23.28 per share in fiscal 2022, surpassing the Zacks Consensus Estimate of $22.88. Click to get this free report OI Glass, Inc. (OI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Titan International, Inc. (TWI) : Free Stock Analysis Report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Fiscal 2022 Performance Deere’s earnings improved 23% from the prior-year fiscal quarter’s reading to $23.28 per share in fiscal 2022, surpassing the Zacks Consensus Estimate of $22.88. Deere & Company DE reported fourth-quarter fiscal 2022 (ended Oct 31, 2022) earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08. DE witnessed strong demand for both the farm and construction equipment.
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5a148e78-ea7b-472d-a41f-3f2a96a02a4b
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720964.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Nasdaq rises on boost from growth stocks ahead of Fed minutes
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DE
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https://www.nasdaq.com/articles/us-stocks-nasdaq-rises-on-boost-from-growth-stocks-ahead-of-fed-minutes
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Growth stocks bounce as Treasury yields drop
Tesla jumps as Citigroup upgrades
Nordstrom falls on trimming profit forecast
Fed minutes from November meeting at 2 p.m. ET
Indexes: Nasdaq up 0.54%, Dow flat, S&P up 0.25%
Adds comments, updates prices through out
By Shreyashi Sanyal and Ankika Biswas
Nov 23 (Reuters) - The Nasdaq led gains among major Wall Street indexes on Wednesday, as growth stocks rose after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting.
The minutes, due at 2 p.m. ET, could show how deep any emerging disagreement has begun to run at the Fed as it ends the push to "front-load" rate hikes and begins feeling the way in smaller steps to an eventual stopping point.
Heavyweight stocks, including Microsoft Corp MSFT.O, Amazon.com Inc AMZN.O and Meta Platforms Inc META.O, rose between 0.1% and 0.9%.
Tesla Inc TSLA.O jumped 5.6% after Citigroup upgraded the electric-vehicle maker's stock to "neutral" from a "sell" rating.
Data showing a more-than-expected rise in Americans filing for unemployment benefits last week helped bring down the yield on the benchmark 10-year Treasury note US10YT=RR.
Meanwhile, U.S. business activity contracted for a fifth straight month in November, while consumer sentiment ticked higher. New home sales rose more than expected in October.
The disparate data bolstered expectations of a 50-basis point rate increase at the Fed's next meeting in December. FEDWATCH
"It's a perverse move in the markets, that bad news is good news," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"Then the next step to that is maybe the Fed stops raising rates faster than what they have been saying, and that's really what is fueling the market."
Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
Trading volume is likely to be thin heading into the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Deere & Co DE.N jumped 6.0% to lead the gains on S&P 500 on reporting a higher-than-expected quarterly profit.
Nordstrom Inc JWN.N fell 5.4% as the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
Gloomy forecasts from a slew of retailers including Dollar TreeDLTR.O and Target CorpTGT.N indicate inflation's hold over consumer spending, especially heading into the all important holiday season.
The S&P 500 energy .SPNY sector index fell 1.9% tracking lower oil prices after the Group of Seven nations looked at a price cap on Russian oil. [O/R]
Autodesk Inc ADSK.O slipped 5.3% after cutting forecasts for annual billing and free cash flow.
Advancing issues outnumbered decliners by a 1.37-to-1 ratio on the NYSE and by a 1.29-to-1 ratio on the Nasdaq.
The S&P index recorded 21 new 52-week highs and no new low, while the Nasdaq recorded 76 new highs and 97 new lows.
(Reporting by Shreyashi Sanyal and Ankika Biswas; Editing by Shounak Dasgupta, Arun Koyyur and Anil D'Silva)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ET Indexes: Nasdaq up 0.54%, Dow flat, S&P up 0.25% Adds comments, updates prices through out By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - The Nasdaq led gains among major Wall Street indexes on Wednesday, as growth stocks rose after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. ET, could show how deep any emerging disagreement has begun to run at the Fed as it ends the push to "front-load" rate hikes and begins feeling the way in smaller steps to an eventual stopping point. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on trimming profit forecast Fed minutes from November meeting at 2 p.m. ET Indexes: Nasdaq up 0.54%, Dow flat, S&P up 0.25% Adds comments, updates prices through out By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - The Nasdaq led gains among major Wall Street indexes on Wednesday, as growth stocks rose after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. The S&P 500 energy .SPNY sector index fell 1.9% tracking lower oil prices after the Group of Seven nations looked at a price cap on Russian oil.
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on trimming profit forecast Fed minutes from November meeting at 2 p.m. ET Indexes: Nasdaq up 0.54%, Dow flat, S&P up 0.25% Adds comments, updates prices through out By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - The Nasdaq led gains among major Wall Street indexes on Wednesday, as growth stocks rose after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on trimming profit forecast Fed minutes from November meeting at 2 p.m. The disparate data bolstered expectations of a 50-basis point rate increase at the Fed's next meeting in December. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
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07076555-34c8-4e60-833f-88df4ced6edb
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720965.0
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2022-11-23 00:00:00 UTC
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Wednesday's ETF with Unusual Volume: SPYX
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DE
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https://www.nasdaq.com/articles/wednesdays-etf-with-unusual-volume%3A-spyx
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nan
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nan
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The SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Wednesday, with over 188,000 shares traded versus three month average volume of about 46,000. Shares of SPYX were up about 0.6% on the day.
Components of that ETF with the highest volume on Wednesday were Tesla, trading up about 6.2% with over 53.5 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 38.0 million shares. Deere is the component faring the best Wednesday, up by about 6.4% on the day, while Autodesk is lagging other components of the SPDR S&P 500 Fossil Fuel Reserves Free ETF, trading lower by about 5.3%.
VIDEO: Wednesday's ETF with Unusual Volume: SPYX
The views and 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 SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Wednesday, with over 188,000 shares traded versus three month average volume of about 46,000. Components of that ETF with the highest volume on Wednesday were Tesla, trading up about 6.2% with over 53.5 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 38.0 million shares. Deere is the component faring the best Wednesday, up by about 6.4% on the day, while Autodesk is lagging other components of the SPDR S&P 500 Fossil Fuel Reserves Free ETF, trading lower by about 5.3%.
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The SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Wednesday, with over 188,000 shares traded versus three month average volume of about 46,000. Deere is the component faring the best Wednesday, up by about 6.4% on the day, while Autodesk is lagging other components of the SPDR S&P 500 Fossil Fuel Reserves Free ETF, trading lower by about 5.3%. VIDEO: Wednesday's ETF with Unusual Volume: SPYX The views and 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 SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Wednesday, with over 188,000 shares traded versus three month average volume of about 46,000. Components of that ETF with the highest volume on Wednesday were Tesla, trading up about 6.2% with over 53.5 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 38.0 million shares. Deere is the component faring the best Wednesday, up by about 6.4% on the day, while Autodesk is lagging other components of the SPDR S&P 500 Fossil Fuel Reserves Free ETF, trading lower by about 5.3%.
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Components of that ETF with the highest volume on Wednesday were Tesla, trading up about 6.2% with over 53.5 million shares changing hands so far this session, and Advanced Micro Devices, up about 1.6% on volume of over 38.0 million shares. Deere is the component faring the best Wednesday, up by about 6.4% on the day, while Autodesk is lagging other components of the SPDR S&P 500 Fossil Fuel Reserves Free ETF, trading lower by about 5.3%. VIDEO: Wednesday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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bdb34b2f-1b8d-48e8-8e28-f5bb52935ea0
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720966.0
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2022-11-23 00:00:00 UTC
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These Stocks Show 2 Sides of the Same Economy
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DE
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https://www.nasdaq.com/articles/these-stocks-show-2-sides-of-the-same-economy
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nan
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nan
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Stock markets often see volatile moves during holiday weeks, as fewer professionals on Wall Street are present to participate in trading. That said, light trading volume can sometimes leave stock markets in a holding pattern, and that seemed to be the case on Wednesday morning. Major market benchmarks opened with only modest changes from Tuesday's close, with some rising and others falling slightly.
Yet the individual companies that continue to report earnings are offering very different views of the current state of the economy. Shares of farm equipment specialist Deere (NYSE: DE) moved higher following the company's most recent release of financial results, but high-end department store retailer Nordstrom (NYSE: JWN) wasn't able to show the same level of optimism about macroeconomic conditions. It's all one big economy, but what Deere and Nordstrom said revealed two different sides of it.
Deere reaps a healthy harvest
Shares of Deere rose 3% early Wednesday morning. The farm equipment stock is within 10% of an all-time high, and its fiscal fourth-quarter financial numbers for the period ending Oct. 30 showed continued strength in its underlying business.
The latest readings from Deere were favorable. Quarterly revenue jumped 37% year over year to $15.54 billion, finishing a fiscal year in which sales were 19% higher than in the previous year. Quarterly net income surged 75% to $2.25 billion, and that produced earnings of $7.44 per share.
Deere had positive results from across its business. The best performer by far was its production & precision agriculture segment, where sales jumped 59% and operating profit more than doubled on healthy margin expansion.
Yet Deere also saw great numbers in its other segments. Small agriculture & turf sales rose 26% to boost operating profit by 46% from year-ago levels, while the construction & forestry segment got a 20% sales gain that helped boost operating profit by 53%.
Best of all, Deere sees strong conditions continuing into the coming year. The equipment maker projected sales gains of 15% to 20% in fiscal 2023 for the production & precision agriculture segment, with more-modest gains of 10% for construction & forestry and 0% to 5% for small agriculture & turf. That bodes well for Deere's prospects to remain a leading stock even in a bear market.
Nordstrom cuts its profit projections
Moving in the other direction, shares of Nordstrom fell 8%. The retailer's fiscal third-quarter financial report for the period ending Oct. 29 showed that even higher-end retail shoppers are struggling in the recent inflationary environment.
Nordstrom's quarterly numbers were mixed. Net sales fell almost 3% year over year, with gross merchandise value falling 2.5%. A shift in the timing of Nordstrom's key anniversary sale had a calendar-related impact, but the company saw declining revenue both in its full-price namesake stores and in its off-price Nordstrom Rack chain.
Nordstrom lost $0.13 per share for the quarter, although after adjusting for one-time charges related to supply chain technology, adjusted earnings of $0.20 per share were better than some had expected.
Challenges in retail persisted, as Nordstrom worked hard to manage inventory levels while meeting customer demand. Overhead expenses remained at heightened levels, hurting profits. Yet even with the tough conditions, the retailer is opening new stores and expects to make substantial relocations and openings in the coming year.
Nordstrom still believes it can grow revenue 5% to 7% for the full fiscal year, posting adjusted earnings of $2.30 to $2.60 per share. That would imply a relatively inexpensive valuation for the stock, but shareholders still seem skeptical that the holiday season will go as well as management hopes it will.
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Deere & Company. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The farm equipment stock is within 10% of an all-time high, and its fiscal fourth-quarter financial numbers for the period ending Oct. 30 showed continued strength in its underlying business. Major market benchmarks opened with only modest changes from Tuesday's close, with some rising and others falling slightly. Shares of farm equipment specialist Deere (NYSE: DE) moved higher following the company's most recent release of financial results, but high-end department store retailer Nordstrom (NYSE: JWN) wasn't able to show the same level of optimism about macroeconomic conditions.
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Shares of farm equipment specialist Deere (NYSE: DE) moved higher following the company's most recent release of financial results, but high-end department store retailer Nordstrom (NYSE: JWN) wasn't able to show the same level of optimism about macroeconomic conditions. The equipment maker projected sales gains of 15% to 20% in fiscal 2023 for the production & precision agriculture segment, with more-modest gains of 10% for construction & forestry and 0% to 5% for small agriculture & turf. Major market benchmarks opened with only modest changes from Tuesday's close, with some rising and others falling slightly.
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Shares of farm equipment specialist Deere (NYSE: DE) moved higher following the company's most recent release of financial results, but high-end department store retailer Nordstrom (NYSE: JWN) wasn't able to show the same level of optimism about macroeconomic conditions. 10 stocks we like better than Deere & Company When our award-winning analyst team has a stock tip, it can pay to listen. Major market benchmarks opened with only modest changes from Tuesday's close, with some rising and others falling slightly.
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Shares of farm equipment specialist Deere (NYSE: DE) moved higher following the company's most recent release of financial results, but high-end department store retailer Nordstrom (NYSE: JWN) wasn't able to show the same level of optimism about macroeconomic conditions. The farm equipment stock is within 10% of an all-time high, and its fiscal fourth-quarter financial numbers for the period ending Oct. 30 showed continued strength in its underlying business. Major market benchmarks opened with only modest changes from Tuesday's close, with some rising and others falling slightly.
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f7fc085f-7369-4a9e-925c-ffa524e93ce5
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720967.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Growth stocks boost Wall Street ahead of Fed minutes
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DE
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https://www.nasdaq.com/articles/us-stocks-growth-stocks-boost-wall-street-ahead-of-fed-minutes
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nan
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nan
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By Shreyashi Sanyal and Ankika Biswas
Nov 23 (Reuters) - Wall Street's main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting.
Heavyweight stocks including Apple Inc AAPL.O Microsoft Corp MSFT.O, Amazon.com Inc AMZN.O and Meta Platforms Inc META.O rose between 0.4% and 0.7%.
Tesla Inc TSLA.O jumped 5.2%, outperforming its peers, after Citigroup upgraded the electric-vehicle maker's stock to "neutral" from a "sell" rating.
The stocks benefited from a drop in yield on the benchmark 10-year Treasury note US10YT=RR after a more-than-expected rise in Americans filing for unemployment benefits last week.
Meanwhile, U.S. business activity contracted for a fifth straight month in November while consumer sentiment ticked higher. New home sales rose more than expected in October.
The disparate data bolstered expectations of a 50-basis point rate increase at the Fed's next meeting in December. FEDWATCH
Investors now await details from latest rate-setting meeting, due at 2 p.m. ET, which could show how deep any emerging disagreement has begun to run at the Fed as it ends the push to "front-load" rate hikes and begins feeling the way in smaller steps to an eventual stopping point.
"For the most part, they're (investors) optimistic that the Fed members are probably going to show signs that the pace of rate hikes might decrease," said Brian Klimke, investment director at Cetera Investment Management LLC.
"The market is looking for clues of a pivot. They really want to see some sort of sign that the Fed understands that inflation might be easing."
Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
Trading volume is likely to be thin heading into the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
At 10:23 a.m. ET, the Dow Jones Industrial Average .DJI was up 79.42 points, or 0.23%, at 34,177.52, the S&P 500 .SPX was up 16.28 points, or 0.41%, at 4,019.86, and the Nasdaq Composite .IXIC was up 88.81 points, or 0.79%, at 11,263.21.
Deere & Co DE.N jumped 7.1% to lead the gains on S&P 500 as the farm equipment maker reported a higher-than-expected quarterly profit on strong sales powered by price hikes.
Shares of Nordstrom Inc JWN.N fell 7.8% after the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
The S&P 500 energy .SPNY sector index fell 1.4% tracking lower oil prices after the Group of Seven nations looked at a price cap on Russian oil.
Autodesk Inc ADSK.O slipped 6.8% after the software and services provider guided for a lower-than-expected fourth-quarter revenue.
Advancing issues outnumbered decliners by a 1.71-to-1 ratio on the NYSE and by a 1.73-to-1 ratio on the Nasdaq.
The S&P index recorded 20 new 52-week highs and no new low, while the Nasdaq recorded 53 new highs and 73 new lows.
(Reporting by Shreyashi Sanyal and Ankika Biswas; Additional reporting by Shubham Batra and Sruthi Shankar; Editing by Anil D'Silva, Shounak Dasgupta and Arun Koyyur)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and 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 Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. ET, which could show how deep any emerging disagreement has begun to run at the Fed as it ends the push to "front-load" rate hikes and begins feeling the way in smaller steps to an eventual stopping point. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
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By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes. The S&P 500 energy .SPNY sector index fell 1.4% tracking lower oil prices after the Group of Seven nations looked at a price cap on Russian oil.
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By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. "For the most part, they're (investors) optimistic that the Fed members are probably going to show signs that the pace of rate hikes might decrease," said Brian Klimke, investment director at Cetera Investment Management LLC. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
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By Shreyashi Sanyal and Ankika Biswas Nov 23 (Reuters) - Wall Street's main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve's last policy meeting. The disparate data bolstered expectations of a 50-basis point rate increase at the Fed's next meeting in December. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season, signs of cooling inflation and hopes of smaller rate hikes.
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eeabdd3b-e1d8-494e-889e-4dd2c25acb2f
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720968.0
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2022-11-23 00:00:00 UTC
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DE January 2023 Options Begin Trading
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DE
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https://www.nasdaq.com/articles/de-january-2023-options-begin-trading
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the January 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2023 contracts and identified one put and one call contract of particular interest.
The put contract at the $435.00 strike price has a current bid of $11.25. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $435.00, but will also collect the premium, putting the cost basis of the shares at $423.75 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $444.90/share today.
Because the $435.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.59% return on the cash commitment, or 21.45% 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 $435.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $455.00 strike price has a current bid of $12.10. If an investor was to purchase shares of DE stock at the current price level of $444.90/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $455.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.99% if the stock gets called away at the January 2023 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 $455.00 strike highlighted in red:
Considering the fact that the $455.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.72% boost of extra return to the investor, or 22.56% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $444.90) to be 36%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Preferred Stock Channel
HII Historical Stock Prices
OUTR Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 $455.00 strike highlighted in red: Considering the fact that the $455.00 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 January 2023 expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $455.00 strike highlighted in red: Considering the fact that the $455.00 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 January 2023 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 $435.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $455.00 strike price has a current bid of $12.10. Below is a chart showing DE's trailing twelve month trading history, with the $455.00 strike highlighted in red: Considering the fact that the $455.00 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 January 2023 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 $455.00 strike highlighted in red: Considering the fact that the $455.00 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 January 2023 expiration.
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4939b25e-ac20-460b-a935-9d749d1a8013
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720969.0
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2022-11-23 00:00:00 UTC
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Deere & Co. Gains On Spike In Q4 Results, Outlook
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DE
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https://www.nasdaq.com/articles/deere-co.-gains-on-spike-in-q4-results-outlook
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nan
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nan
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(RTTNews) - Deere & Co. (DE) shares are trading higher on Wednesday morning after the company reported fourth-quarter earnings that climbed 75 percent from last year on 37 percent surge in revenues. The company projects revenue growth for the full year 2023.
DE recorded fourth-quarter earnings of $2.246 billion or $7.44 per share, up from $1.283 billion or $4.12 per share last year.
Revenue for the quarter increased to $15.536 billion from $11.327 billion a year ago.
Looking ahead to the full year 2023, the company expects earnings in a range of $8 to $8.5 billion.
Currently, shares are at $446.19, up 7.11 percent from the previous close of $416.56 on a volume of 1,228,684.
The views and 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) shares are trading higher on Wednesday morning after the company reported fourth-quarter earnings that climbed 75 percent from last year on 37 percent surge in revenues. DE recorded fourth-quarter earnings of $2.246 billion or $7.44 per share, up from $1.283 billion or $4.12 per share last year. The company projects revenue growth for the full year 2023.
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(RTTNews) - Deere & Co. (DE) shares are trading higher on Wednesday morning after the company reported fourth-quarter earnings that climbed 75 percent from last year on 37 percent surge in revenues. DE recorded fourth-quarter earnings of $2.246 billion or $7.44 per share, up from $1.283 billion or $4.12 per share last year. Looking ahead to the full year 2023, the company expects earnings in a range of $8 to $8.5 billion.
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(RTTNews) - Deere & Co. (DE) shares are trading higher on Wednesday morning after the company reported fourth-quarter earnings that climbed 75 percent from last year on 37 percent surge in revenues. DE recorded fourth-quarter earnings of $2.246 billion or $7.44 per share, up from $1.283 billion or $4.12 per share last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DE recorded fourth-quarter earnings of $2.246 billion or $7.44 per share, up from $1.283 billion or $4.12 per share last year. (RTTNews) - Deere & Co. (DE) shares are trading higher on Wednesday morning after the company reported fourth-quarter earnings that climbed 75 percent from last year on 37 percent surge in revenues. Looking ahead to the full year 2023, the company expects earnings in a range of $8 to $8.5 billion.
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65acd42a-e573-4bcd-83a4-2f804a6a3cc1
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720970.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Wall Street rises as Fed signals slowdown in rate hikes
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-rises-as-fed-signals-slowdown-in-rate-hikes
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Growth stocks bounce as Treasury yields drop
Tesla jumps as Citigroup upgrades
Nordstrom falls on reduced profit forecast
Dow Jones Industrial closed at highest level since April
Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99%
Updates prices throughout; adds quote, specific stocks
By Carolina Mandl and Sinéad Carew
Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon.
A "substantial majority" of policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes, the minutesshowed.
"What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
Since the Fed's last meeting on Nov. 1-2, investors have been more optimistic that price pressures have started to ease, meaning smaller rate hikes could curtail inflation.
The Dow Jones Industrial Average .DJI rose 95.96 points, or 0.28%, to 34,194.06, the S&P 500 .SPX gained 23.68 points, or 0.59%, at 4,027.26 and the Nasdaq Composite .IXIC added 110.91 points, or 0.99%, at 11,285.32.
Trading volume was thin ahead of the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Earlier on Wednesday, a mixed bag of economic data led to a drop in yield on the benchmark 10-year Treasury note US10YT=RR, helping drive stocks up.
The number of Americans filing new claims for unemployment benefits rose more than expected last week and U.S. business activity contracted for a fifth straight month in November. Consumer sentiment ticked higher and home sales rose above expectations.
"What I think you're seeing is renewed investor enthusiasm fueled by those who see that beautiful light at the end of what has been a very dark tunnel. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
Heavyweight stocks, including Amazon.com Inc AMZN.O and Meta Platforms Inc META.O, rose 1.00% and 0.72%, respectively.
Tesla Inc TSLA.O jumped 7.82% with Citigroup upgrading the electric-vehicle maker's stock to "neutral" from a "sell" rating.
Deere & Co DE.N soared 5.03% after the farm equipment maker reported a higher-than-expected quarterly profit.
Nordstrom Inc JWN.N fell 4.24% as the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
Volume on U.S. exchanges was 9.25 billion shares, compared with the 11.6 billion average for the full session over the last 20 trading days.
Advancing issues outnumbered decliners on the NYSE by a 1.97-to-1 ratio; on Nasdaq, a 1.61-to-1 ratio favored advancers.
The S&P 500 posted 21 new 52-week highs and no new lows, while the Nasdaq Composite recorded 97 new highs and 126 new lows.
(Reporting by Carolina Mandl, Shreyashi Sanyal and Ankika Biswas; Editing by Richard Chang, Rosalba O'Brien and Chris Reese)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and 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 Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast Dow Jones Industrial closed at highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Updates prices throughout; adds quote, specific stocks By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. The Dow Jones Industrial Average .DJI rose 95.96 points, or 0.28%, to 34,194.06, the S&P 500 .SPX gained 23.68 points, or 0.59%, at 4,027.26 and the Nasdaq Composite .IXIC added 110.91 points, or 0.99%, at 11,285.32.
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast Dow Jones Industrial closed at highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Updates prices throughout; adds quote, specific stocks By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. The Dow Jones Industrial Average .DJI rose 95.96 points, or 0.28%, to 34,194.06, the S&P 500 .SPX gained 23.68 points, or 0.59%, at 4,027.26 and the Nasdaq Composite .IXIC added 110.91 points, or 0.99%, at 11,285.32. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast Dow Jones Industrial closed at highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Updates prices throughout; adds quote, specific stocks By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. The Dow Jones Industrial Average .DJI rose 95.96 points, or 0.28%, to 34,194.06, the S&P 500 .SPX gained 23.68 points, or 0.59%, at 4,027.26 and the Nasdaq Composite .IXIC added 110.91 points, or 0.99%, at 11,285.32. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast Dow Jones Industrial closed at highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Updates prices throughout; adds quote, specific stocks By Carolina Mandl and Sinéad Carew Nov 23 (Reuters) - Wall Street's main indexes ended Wednesday with solid gains after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon. "What equity markets needed to see for the recent strength to continue was what we got from the minutes," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. The Dow Jones Industrial Average .DJI rose 95.96 points, or 0.28%, to 34,194.06, the S&P 500 .SPX gained 23.68 points, or 0.59%, at 4,027.26 and the Nasdaq Composite .IXIC added 110.91 points, or 0.99%, at 11,285.32.
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69b9ed7d-ca51-4be1-873a-cf6fab03e55d
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720971.0
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2022-11-23 00:00:00 UTC
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Deere (DE) Tops Q4 Earnings and Revenue Estimates
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DE
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https://www.nasdaq.com/articles/deere-de-tops-q4-earnings-and-revenue-estimates
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Deere (DE) came out with quarterly earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share. This compares to earnings of $4.12 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.08%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $6.64 per share when it actually produced earnings of $6.16, delivering a surprise of -7.23%.
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 $14.35 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 5.23%. This compares to year-ago revenues of $10.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Deere shares have added about 21.5% since the beginning of the year versus the S&P 500's decline of -16%.
What's Next for Deere?
While Deere 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 Deere: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $5.35 on $11.02 billion in revenues for the coming quarter and $26.65 on $53.1 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Farm Equipment is currently in the bottom 45% 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.
Nordson (NDSN), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended October 2022. The results are expected to be released on December 14.
This maker of adhesives and industrial coatings is expected to post quarterly earnings of $2.33 per share in its upcoming report, which represents a year-over-year change of +23.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Nordson's revenues are expected to be $654.46 million, up 9.2% 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
Nordson Corporation (NDSN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. Nordson (NDSN), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended October 2022. Deere (DE) came out with quarterly earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share.
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Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $14.35 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 5.23%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) came out with quarterly earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share.
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Deere (DE) came out with quarterly earnings of $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share. Deere, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $14.35 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 5.23%. 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 $7.44 per share, beating the Zacks Consensus Estimate of $7.08 per share. 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.
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acedc3d9-c5e2-4887-a73f-edba8a84f600
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720972.0
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2022-11-23 00:00:00 UTC
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US STOCKS-Futures flat with Fed minutes in focus
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DE
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https://www.nasdaq.com/articles/us-stocks-futures-flat-with-fed-minutes-in-focus
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures tracking Dow, S&P, Nasdaq flat
Nov 23 (Reuters) - U.S. stock index futures were flat on Wednesday as investors focused on the minutes of the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy.
Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation.
Traders are now placing their bets on a 50 basis-point increase in the central bank's next meeting in December. FEDWATCH
The benchmark S&P 500 index .SPX closed at its highest level in 2-1/2 months on Tuesday after a sales forecast by Best Buy eased concerns that high inflation would lead to a dismal holiday shopping season.
In contrast, shares of Nordstrom JWN.N were down 9.7% in premarket trading after the fashion retailer cut its profit forecast amid steep markdowns to attract inflation-wary customers.
Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season and hopes of smaller increments in the Fed's rate hikes.
Trading volume is likely to fall heading into the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Apple Inc AAPL.O shares slipped 0.3% after hundreds of workers joined protests at Foxconn's 2317.TW flagship iPhone plant in China, while a source told Reuters that the unrest did not affect production at the plant.
At 6:25 a.m. ET, Dow e-minis 1YMcv1 were up 9 points, or 0.03% and Nasdaq 100 e-minis NQcv1 were up 1.25 points, or 0.01%.
S&P 500 e-minis EScv1, which were up 1.75 points, or 0.04%, traded within a narrow 10-point range in the last two hours, ahead of the release of the minutes at 2:00 p.m. ET.
HP Inc HPQ.N shares rose 1.4% as the personal computer maker said it planned to cut 6,000 jobs by the end of fiscal 2025.
Deere & Co DE.N gained 2.8% as the farm equipment maker reported a 75% jump in quarterly profit.
On the data front, investors will keep a close watch on durable goods and new home sales units during October, weekly jobless claims, and S&P Global PMI flash numbers for November to assess economic resiliency in the face of an impending slowdown.
(Reporting by Shreyashi Sanyal & Ankika Biswas; Additional reporting by Shubham Batra; Editing by Anil D'Silva)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FEDWATCH The benchmark S&P 500 index .SPX closed at its highest level in 2-1/2 months on Tuesday after a sales forecast by Best Buy eased concerns that high inflation would lead to a dismal holiday shopping season. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season and hopes of smaller increments in the Fed's rate hikes. Futures tracking Dow, S&P, Nasdaq flat Nov 23 (Reuters) - U.S. stock index futures were flat on Wednesday as investors focused on the minutes of the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy.
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Futures tracking Dow, S&P, Nasdaq flat Nov 23 (Reuters) - U.S. stock index futures were flat on Wednesday as investors focused on the minutes of the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy. Wall Street's three main indexes are on track for their second straight month of gains, riding on a better-than-feared earnings season and hopes of smaller increments in the Fed's rate hikes. Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation.
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Futures tracking Dow, S&P, Nasdaq flat Nov 23 (Reuters) - U.S. stock index futures were flat on Wednesday as investors focused on the minutes of the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy. Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation. Traders are now placing their bets on a 50 basis-point increase in the central bank's next meeting in December.
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Futures tracking Dow, S&P, Nasdaq flat Nov 23 (Reuters) - U.S. stock index futures were flat on Wednesday as investors focused on the minutes of the Federal Reserve's November meeting for a clearer picture of its monetary tightening policy. Recent statements from Fed officials, including Cleveland President Loretta Mester and Kansas City President Esther George, have offered mixed clues about the future path of interest rate hikes, but have reiterated the central bank's resolve to stamp out inflation. Traders are now placing their bets on a 50 basis-point increase in the central bank's next meeting in December.
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db2b4425-5051-474a-a474-6df7b7c0f40e
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720973.0
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2022-11-23 00:00:00 UTC
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Deere & Company Sees Higher Sales, Net Income In FY23
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https://www.nasdaq.com/articles/deere-company-sees-higher-sales-net-income-in-fy23
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(RTTNews) - Deere & Company (DE) said the company expects fiscal 2023 net income attributable to Deere & Company in a range of $8.0 billion to $8.5 billion. The company's forecast also calls for higher sales in fiscal 2023.
John May, CEO, said: "Deere is looking forward to another strong year in 2023 based on positive farm fundamentals and fleet dynamics as well as an increased investment in infrastructure."
The company said its fourth-quarter net income increased sharply on net sales gain of 40%, demonstrating strong execution in face of continued supply-chain constraints.
Net income was $2.246 billion for the fourth quarter or $7.44 per share, compared with net income of $1.283 billion, or $4.12 per share, prior year. Analysts on average had expected the company to earn $7.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Worldwide net sales and revenues increased 37 percent, to $15.536 billion, for the fourth quarter of fiscal 2022.
Fiscal 2022 net income attributable to Deere & Company was $7.131 billion, or $23.28 per share, compared with $5.963 billion, or $18.99 per share, last year. Worldwide net sales and revenues rose 19 percent, to $52.577 billion, for the full year.
Shares of Deere & Company were up nearly 4% in pre-market trade on Wednesday.
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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John May, CEO, said: "Deere is looking forward to another strong year in 2023 based on positive farm fundamentals and fleet dynamics as well as an increased investment in infrastructure." Worldwide net sales and revenues increased 37 percent, to $15.536 billion, for the fourth quarter of fiscal 2022. (RTTNews) - Deere & Company (DE) said the company expects fiscal 2023 net income attributable to Deere & Company in a range of $8.0 billion to $8.5 billion.
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(RTTNews) - Deere & Company (DE) said the company expects fiscal 2023 net income attributable to Deere & Company in a range of $8.0 billion to $8.5 billion. Worldwide net sales and revenues increased 37 percent, to $15.536 billion, for the fourth quarter of fiscal 2022. Fiscal 2022 net income attributable to Deere & Company was $7.131 billion, or $23.28 per share, compared with $5.963 billion, or $18.99 per share, last year.
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(RTTNews) - Deere & Company (DE) said the company expects fiscal 2023 net income attributable to Deere & Company in a range of $8.0 billion to $8.5 billion. Fiscal 2022 net income attributable to Deere & Company was $7.131 billion, or $23.28 per share, compared with $5.963 billion, or $18.99 per share, last year. John May, CEO, said: "Deere is looking forward to another strong year in 2023 based on positive farm fundamentals and fleet dynamics as well as an increased investment in infrastructure."
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(RTTNews) - Deere & Company (DE) said the company expects fiscal 2023 net income attributable to Deere & Company in a range of $8.0 billion to $8.5 billion. Worldwide net sales and revenues increased 37 percent, to $15.536 billion, for the fourth quarter of fiscal 2022. John May, CEO, said: "Deere is looking forward to another strong year in 2023 based on positive farm fundamentals and fleet dynamics as well as an increased investment in infrastructure."
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c3d1ab3f-8d65-45b6-8eae-3c5c9841912d
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720974.0
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2022-11-23 00:00:00 UTC
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Deere And Co Announces Advance In Q4 Income, Beats estimates
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DE
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https://www.nasdaq.com/articles/deere-and-co-announces-advance-in-q4-income-beats-estimates
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(RTTNews) - Deere And Co (DE) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $2.25 billion, or $7.44 per share. This compares with $1.28 billion, or $4.12 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $7.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 37.2% to $15.54 billion from $11.33 billion last year.
Deere And Co earnings at a glance (GAAP) :
-Earnings (Q4): $2.25 Bln. vs. $1.28 Bln. last year. -EPS (Q4): $7.44 vs. $4.12 last year. -Analyst Estimate: $7.11 -Revenue (Q4): $15.54 Bln vs. $11.33 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) reported a profit for its fourth quarter that increased from last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.25 Bln.
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(RTTNews) - Deere And Co (DE) reported a profit for its fourth quarter that increased from last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.25 Bln.
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(RTTNews) - Deere And Co (DE) reported a profit for its fourth quarter that increased from last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.25 Bln.
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(RTTNews) - Deere And Co (DE) reported a profit for its fourth quarter that increased from last year and beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q4): $2.25 Bln.
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3985f702-9bb9-482e-86f0-0d9df6961b58
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720975.0
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2022-11-23 00:00:00 UTC
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Deere profit surges 75% on pricing boost
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DE
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https://www.nasdaq.com/articles/deere-profit-surges-75-on-pricing-boost
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nan
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Adds details from the results, shares
Nov 23 (Reuters) - Deere & Co DE.N reported a 75% jump in quarterly profit on Wednesday as limited supply of its tractors, combine harvesters and sprayers aided the company's pricing power and helped offset the impact of higher raw material costs.
Shares of the company rose 2.8% at $428 in early trade.
The Moline, Illinois-based firm's net income rose to $2.25 billion, or $7.44 per share, for the quarter ended Oct. 30 from $1.28 billion, or $4.12 per share, a year earlier.
Total net sales and revenue rose to $15.54 billion from $11.33 billion.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Anil D'Silva)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from the results, shares Nov 23 (Reuters) - Deere & Co DE.N reported a 75% jump in quarterly profit on Wednesday as limited supply of its tractors, combine harvesters and sprayers aided the company's pricing power and helped offset the impact of higher raw material costs. The Moline, Illinois-based firm's net income rose to $2.25 billion, or $7.44 per share, for the quarter ended Oct. 30 from $1.28 billion, or $4.12 per share, a year earlier. Shares of the company rose 2.8% at $428 in early trade.
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Shares of the company rose 2.8% at $428 in early trade. The Moline, Illinois-based firm's net income rose to $2.25 billion, or $7.44 per share, for the quarter ended Oct. 30 from $1.28 billion, or $4.12 per share, a year earlier. Adds details from the results, shares Nov 23 (Reuters) - Deere & Co DE.N reported a 75% jump in quarterly profit on Wednesday as limited supply of its tractors, combine harvesters and sprayers aided the company's pricing power and helped offset the impact of higher raw material costs.
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Adds details from the results, shares Nov 23 (Reuters) - Deere & Co DE.N reported a 75% jump in quarterly profit on Wednesday as limited supply of its tractors, combine harvesters and sprayers aided the company's pricing power and helped offset the impact of higher raw material costs. The Moline, Illinois-based firm's net income rose to $2.25 billion, or $7.44 per share, for the quarter ended Oct. 30 from $1.28 billion, or $4.12 per share, a year earlier. Shares of the company rose 2.8% at $428 in early trade.
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Adds details from the results, shares Nov 23 (Reuters) - Deere & Co DE.N reported a 75% jump in quarterly profit on Wednesday as limited supply of its tractors, combine harvesters and sprayers aided the company's pricing power and helped offset the impact of higher raw material costs. Shares of the company rose 2.8% at $428 in early trade. The Moline, Illinois-based firm's net income rose to $2.25 billion, or $7.44 per share, for the quarter ended Oct. 30 from $1.28 billion, or $4.12 per share, a year earlier.
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e22bc932-8374-478b-a9de-8728d9506488
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720976.0
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2022-11-22 00:00:00 UTC
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Deere Q4 Preview: Can Shares Remain Strong?
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DE
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https://www.nasdaq.com/articles/deere-q4-preview%3A-can-shares-remain-strong
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nan
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The Zacks Industrial Products sector has fared relatively well in 2022, down roughly 10% and outperforming the general market by a fair margin.
A titan in the realm, Deere & Company DE, is on deck to unveil Q4 earnings on November 23rd, before the market open.
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.
Currently, the company carries a Zacks Rank #3 (Hold) paired with an overall VGM Score of a D.
How does everything else stack up? Let’s take a closer look.
Share Performance & Valuation
DE shares have been notably strong in 2022, up more than 20% and crushing the general market’s performance.
Image Source: Zacks Investment Research
Over the last month, DE shares have continued on their market-beating trajectory, tacking on a solid 7.5% in value.
Image Source: Zacks Investment Research
The positive price action of DE shares tells us that buyers have consistently been present, something we can’t say for many stocks in 2022.
DE shares currently trade at a 15.5X forward earnings multiple, modestly below its 16.8X five-year median and reflecting a 13% discount relative to its Zacks Industrial Products sector.
Image Source: Zacks Investment Research
The company carries a Style Score of a C for Value.
Quarterly Estimates
Four analysts have dialed back their earnings outlook over the last several months. Still, the Zacks Consensus EPS Estimate of $7.08 indicates a stellar 71% Y/Y uptick in earnings.
Image Source: Zacks Investment Research
The company’s top-line is also in solid shape; the Zacks Consensus Sales Estimate of $13.6 billion suggests an improvement of more than 32% Y/Y.
Quarterly Performance
DE has consistently exceeded bottom-line estimates, beating out the Zacks Consensus EPS Estimate in nine of its last ten quarters.
Still, the one miss during the timeframe came in its latest print, when the company fell short of earnings expectations by roughly 7%.
Sales results have also been primarily positive; DE has registered eight revenue beats across its last ten quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Putting Everything Together
DE shares have outperformed the general market across several timeframes in 2022, indicating that buyers have consistently stepped up.
The company’s forward earnings multiple resides modestly below its five-year median and Zacks sector average.
Analysts have been bearish in their earnings outlook as of late, with estimates suggesting solid Y/Y upticks in both revenue and earnings.
The company has primarily exceeded quarterly estimates but fell short of EPS expectations in its latest release, snapping a streak of positive surprises.
Heading into the print, Deere & Company DE carries a Zacks Rank #3 (Hold) paired with an Earnings ESP Score of -2.5%.
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.
|
Image Source: Zacks Investment Research The positive price action of DE shares tells us that buyers have consistently been present, something we can’t say for many stocks in 2022. DE shares currently trade at a 15.5X forward earnings multiple, modestly below its 16.8X five-year median and reflecting a 13% discount relative to its Zacks Industrial Products sector. Image Source: Zacks Investment Research Putting Everything Together DE shares have outperformed the general market across several timeframes in 2022, indicating that buyers have consistently stepped up.
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Quarterly Performance DE has consistently exceeded bottom-line estimates, beating out the Zacks Consensus EPS Estimate in nine of its last ten quarters. Image Source: Zacks Investment Research Putting Everything Together DE shares have outperformed the general market across several timeframes in 2022, indicating that buyers have consistently stepped up. Heading into the print, Deere & Company DE carries a Zacks Rank #3 (Hold) paired with an Earnings ESP Score of -2.5%.
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Image Source: Zacks Investment Research The positive price action of DE shares tells us that buyers have consistently been present, something we can’t say for many stocks in 2022. Quarterly Performance DE has consistently exceeded bottom-line estimates, beating out the Zacks Consensus EPS Estimate in nine of its last ten quarters. A titan in the realm, Deere & Company DE, is on deck to unveil Q4 earnings on November 23rd, before the market open.
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Quarterly Performance DE has consistently exceeded bottom-line estimates, beating out the Zacks Consensus EPS Estimate in nine of its last ten quarters. A titan in the realm, Deere & Company DE, is on deck to unveil Q4 earnings on November 23rd, before the market open. 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.
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720977.0
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2022-11-22 00:00:00 UTC
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INSIGHT-End of cheap money for U.S. farmers plows trouble into food production
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DE
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https://www.nasdaq.com/articles/insight-end-of-cheap-money-for-u.s.-farmers-plows-trouble-into-food-production
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By P.J. Huffstutter and Bianca Flowers
CHICAGO, Nov 22 (Reuters) - Montana farmer Sarah Degn had big plans to invest the healthy profits she gleaned for her soybeans and wheat this year into upgrading her planter or buying a new storage bin.
But those plans have gone by the wayside. Everything Degn needs to farm is more expensive – and for the first time in her five-year career, so is the interest rate on the short-term debt she and nearly every other U.S. farmer relies upon to grow their crops and raise their livestock.
"We might have made more money this year, but we spent just as much as we made," said Degn, a fourth-generation farmer in Sidney, Montana. The interest rate on her operating note doubled this year and will be higher in 2023. "We can't get ahead."
Most U.S. farmers depend on short-term, variable-rate loans they take out after fall harvest and before spring planting to pay for everything from seeds and fertilizer to livestock and machinery.
Farmers repay these loans after harvest with cash from their crops before repeating the process. Often, farmers seek to secure loans by year-end or early January to take advantage of suppliers' early-pay discounts and to ensure they won't be caught short as global supplies of fertilizers and chemicals remain tight.
Now, producers are wrestling with how to pay for that debt as interest rates rise headed into the next planting season, according to interviews with two dozen farmers and bankers, as well as data from the U.S. Department of Agriculture and the Kansas City Federal Reserve.
This rising cost of credit is straining some producers' liquidity and prompting them to look at reducing fertilizer or chemical use, or plant fewer seeds next spring. That, in turn, could reduce crop yields, and place upward pressure on the cost of producing that food.
All this comes as crop prices and global demand are strong. U.S. grain and oilseed producers reaped a boon this year when crop prices hit decade- or all-time highs, as the conflict in Ukraine disrupted grain exports from the Black Sea region.
But that financial windfall came as widespread drought hobbled crops in the U.S. Plains and caused cattle slaughter rates in Texas to soar. Fertilizer and fuel costs have risen, as have farmland prices and cash rents.
"[Farming] is a highly leveraged business, so about everything is financed," said Casey Seymour, who manages a farm equipment dealership in Scottsbluff, Nebraska and runs the Moving Iron podcast. "There's a lot of money out there being paid in interest."
The U.S. farm sector's total interest expense - the cost of debt carried - is forecast to hit $26.45 billion this year, nearly 32% higher than last year and the highest since 1990, when adjusted for inflation, according to USDA data.
That sum is double or more the amount incurred by other U.S. industries, including the retail and pharmaceutical products sectors, where interest expense historically has been similar or higher, according to U.S. Census Bureau data.
LIQUIDITY WORRIES
Farmers are taking on bigger loans due to higher costs, despite the financial burden it puts on their operations.
The average size of bank loans for operating a farm has surged to a near five-decade high in outright dollar terms, according to Kansas City Fed data. The average interest rates of such loans are the highest since 2019, the data shows.
Most farm operating loans tend to be variable, rather than fixed. Variable-rate financing carries lower rates than fixed-rate financing, but exposes borrowers to the risk of higher costs if rates go up.
That's exactly what happened when the U.S. Federal Reserve started raising short-term rates to quell surging inflation.
The short-term federal funds rate is now in a range of 3.75% to 4%, from a range of 0% to 0.25% in early March, just before Fed policymakers began raising rates. Inflation is still high, however, and demand is strong, and Fed policymakers have signaled they will continue raising rates until they see broader evidence of their effect.
In agriculture, the pinch is already here: The average interest rate of all farm operating loans is 4.93%, according to the latest Kansas City Fed data.
Many farmers are paying more. Ohio corn and soybean farmer Chris Gibbs signed up for a $70,000 operating loan on May 1 with a 3.3% variable interest rate with his local lender at the Farm Credit System, a government-sponsored enterprise.
Rising fertilizer and chemical prices forced him to borrow more to cover those expenses, even as Farm Credit continued to increase costs each time the Fed hiked rates. Now, his interest rate is 7.35%, and he expects it could reach 8% by year’s end – a 142% increase in eight months.
Gibbs raced to pay off the bulk of his loan by liquidating his crop, rather than store it and sell for potentially higher prices next summer. Machinery purchases are on hold, and he's trying to pay for inputs with cash.
"I have the highest gross value for my crop in my history of farming," said Gibbs, 64. "If I didn't, I would have difficult decisions to make and looking at what I can sell."
MACHINERY WORRIES
The financial hit is being felt on equipment dealers' lots, where farmers are forgoing buying equipment on credit, according to interviews with four dealers.
Dealers said they are seeing banks tightening underwriting standards, which can be a hurdle for newer and smaller farm operators seeking capital to purchase equipment.
"It's easier to get financing when interest rates are cheap because [banks] are willing to take more risk," said a CNH Industrial dealer representative, who declined to be named.
Authorized dealers from equipment manufacturers Deere & Co. DE.N, AGCO AGCO.N, and CNH Industrial CNHI.MI told Reuters that financing rates that the machinery manufacturers themselves offer also have more than doubled in six months.
Farm equipment machinery loans currently have interest rates up to 7.65% at Deere, 7.8% at CNH Industrial, 8.14% at AGCO and 8.25% at Ag Direct, according to industry sources. The industry average nationwide is 5.86%, according to Kansas City Fed data.
In separate statements, Deere and AGCO said interest rates they offer depend on loan terms, borrower creditworthiness and equipment type. CNH Industrial said interest rates for larger equipment are lower than rates for smaller machinery.
Financing the farm Financing the farmhttps://tmsnrt.rs/3UFprXB
U.S. farmers take on bigger debt U.S. farmers take on bigger debthttps://tmsnrt.rs/3DrGCEU
Interest expense on farm debt to soarhttps://tmsnrt.rs/3X9jhRt
(Reporting By P.J. Huffstutter and Bianca Flowers in Chicago; Editing by Andrea Ricci)
((pj.huffstutter@thomsonreuters.com; 313-484-5275 (w); On Twitter @pjhuffstutter; Reuters Messaging: pj.huffstutter.reuters.com@thomsonreuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Huffstutter and Bianca Flowers CHICAGO, Nov 22 (Reuters) - Montana farmer Sarah Degn had big plans to invest the healthy profits she gleaned for her soybeans and wheat this year into upgrading her planter or buying a new storage bin. Now, producers are wrestling with how to pay for that debt as interest rates rise headed into the next planting season, according to interviews with two dozen farmers and bankers, as well as data from the U.S. Department of Agriculture and the Kansas City Federal Reserve. But those plans have gone by the wayside.
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Authorized dealers from equipment manufacturers Deere & Co. DE.N, AGCO AGCO.N, and CNH Industrial CNHI.MI told Reuters that financing rates that the machinery manufacturers themselves offer also have more than doubled in six months. Financing the farm Financing the farmhttps://tmsnrt.rs/3UFprXB U.S. farmers take on bigger debt U.S. farmers take on bigger debthttps://tmsnrt.rs/3DrGCEU Interest expense on farm debt to soarhttps://tmsnrt.rs/3X9jhRt (Reporting By P.J. Huffstutter and Bianca Flowers CHICAGO, Nov 22 (Reuters) - Montana farmer Sarah Degn had big plans to invest the healthy profits she gleaned for her soybeans and wheat this year into upgrading her planter or buying a new storage bin.
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Farm equipment machinery loans currently have interest rates up to 7.65% at Deere, 7.8% at CNH Industrial, 8.14% at AGCO and 8.25% at Ag Direct, according to industry sources. Financing the farm Financing the farmhttps://tmsnrt.rs/3UFprXB U.S. farmers take on bigger debt U.S. farmers take on bigger debthttps://tmsnrt.rs/3DrGCEU Interest expense on farm debt to soarhttps://tmsnrt.rs/3X9jhRt (Reporting By P.J. Huffstutter and Bianca Flowers CHICAGO, Nov 22 (Reuters) - Montana farmer Sarah Degn had big plans to invest the healthy profits she gleaned for her soybeans and wheat this year into upgrading her planter or buying a new storage bin.
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Huffstutter and Bianca Flowers CHICAGO, Nov 22 (Reuters) - Montana farmer Sarah Degn had big plans to invest the healthy profits she gleaned for her soybeans and wheat this year into upgrading her planter or buying a new storage bin. Financing the farm Financing the farmhttps://tmsnrt.rs/3UFprXB U.S. farmers take on bigger debt U.S. farmers take on bigger debthttps://tmsnrt.rs/3DrGCEU Interest expense on farm debt to soarhttps://tmsnrt.rs/3X9jhRt (Reporting By P.J. But those plans have gone by the wayside.
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1639fef4-e905-4865-8dee-703d8f133cdf
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720978.0
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2022-11-22 00:00:00 UTC
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Is Deere (NYSE:DE) on Track to Beat Q4 Expectations?
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DE
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https://www.nasdaq.com/articles/is-deere-nyse%3Ade-on-track-to-beat-q4-expectations
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nan
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nan
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Deere & Company (NYSE:DE) is scheduled to report its fourth-quarter Fiscal 2022 results on November 23, before the market opens. Known by its brand name, John Deere, the company manufactures and distributes various equipment that is used in agriculture, construction, forestry, and turf care.
The Street expects Deere to post a diluted profit of $7.12 per share, almost double the prior-year quarter figure of $4.12 per share, and 15.6% higher than the prior quarter number.
Similarly, revenues are pegged at $13.39 billion, 18.1% higher than the Q4FY21 number. However, the number is marginally lower than the prior quarter's figure of $14.10 billion.
Factors Impacting Deere’s Quarterly Performance
Deere’s fourth-quarter results could be impacted by supply chain constraints, persistent inflationary pressures, and unfavorable foreign exchange rates. The company failed to meet earnings expectations in Q3FY22 and lowered FY22 projections because of the above-mentioned reasons. On the other hand, solid production rates helped to boost Deere’s top-line numbers. Meanwhile, Deere expects earnings to be in the $7.0-7.2 billion range for the full year of Fiscal 2022.
Having said that, Deere will release an outlook for the Fiscal year 2023, which is expected to be a record high. During Q3 results, Deere stated, “Looking ahead, we believe favorable conditions will continue into 2023 based on the strong response we have experienced to early-order programs.” Accordingly, the company is undertaking strategic steps with its factories and suppliers to meet the higher demand expectations for the next year.
Is Deere Stock a Good Buy?
Analysts are split on Deere’s stock trajectory, but they expect solid forecasts and performance into 2023 and 2024 owing to pent-up demand during the current year.
Cowen & Co. analyst Matt Elkott reiterated a Hold rating on Deere stock ahead of its Q4 print. The five-star analyst has a price target of $342, which implies 16.9% downside potential to current levels.
On the contrary, DA Davidson analyst Michael Shlisky reiterated a Buy rating on DE stock with a price target of $445, which implies an impressive 8.1% upside potential from current levels.
On TipRanks, Deere & Co. stock has a Moderate Buy consensus rating. This is based on ten Buys versus five Holds during the past three months. Also, the average Deere & Co. price forecast of $412.07 implies that shares are almost fully valued at current levels.
At the same time, year to date, DE stock has gained 18.7%. Deere also pays a regular quarterly common dividend of $1.13 per share, reflecting a current yield of 1.05%.
Ending Thoughts
Deere may be able to beat expectations in the fourth quarter if production rates and higher pricing support the manufacturer. Remarkably, Deere & Co. scores a "Perfect 10" on TipRanks' Smart Score rating system, implying that the stock is set to outpace market expectations. Also, Bloggers and News Sentiment are bullish on DE, while both retail investors and hedge funds are increasing their exposure to the stock. However, Deere is facing macroeconomic headwinds, which may impact its performance to a certain extent.
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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During Q3 results, Deere stated, “Looking ahead, we believe favorable conditions will continue into 2023 based on the strong response we have experienced to early-order programs.” Accordingly, the company is undertaking strategic steps with its factories and suppliers to meet the higher demand expectations for the next year. Analysts are split on Deere’s stock trajectory, but they expect solid forecasts and performance into 2023 and 2024 owing to pent-up demand during the current year. On the contrary, DA Davidson analyst Michael Shlisky reiterated a Buy rating on DE stock with a price target of $445, which implies an impressive 8.1% upside potential from current levels.
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Factors Impacting Deere’s Quarterly Performance Deere’s fourth-quarter results could be impacted by supply chain constraints, persistent inflationary pressures, and unfavorable foreign exchange rates. Cowen & Co. analyst Matt Elkott reiterated a Hold rating on Deere stock ahead of its Q4 print. On the contrary, DA Davidson analyst Michael Shlisky reiterated a Buy rating on DE stock with a price target of $445, which implies an impressive 8.1% upside potential from current levels.
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The Street expects Deere to post a diluted profit of $7.12 per share, almost double the prior-year quarter figure of $4.12 per share, and 15.6% higher than the prior quarter number. Factors Impacting Deere’s Quarterly Performance Deere’s fourth-quarter results could be impacted by supply chain constraints, persistent inflationary pressures, and unfavorable foreign exchange rates. Analysts are split on Deere’s stock trajectory, but they expect solid forecasts and performance into 2023 and 2024 owing to pent-up demand during the current year.
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The Street expects Deere to post a diluted profit of $7.12 per share, almost double the prior-year quarter figure of $4.12 per share, and 15.6% higher than the prior quarter number. Meanwhile, Deere expects earnings to be in the $7.0-7.2 billion range for the full year of Fiscal 2022. On the contrary, DA Davidson analyst Michael Shlisky reiterated a Buy rating on DE stock with a price target of $445, which implies an impressive 8.1% upside potential from current levels.
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8e3e3349-6f85-413e-86a4-bf9d0af90872
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720979.0
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2022-11-21 00:00:00 UTC
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2 Stocks Every Investor Should Watch This Week
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DE
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https://www.nasdaq.com/articles/2-stocks-every-investor-should-watch-this-week
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nan
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nan
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The stock market will close on Thursday for Thanksgiving and have just a half-day of trading on Friday. As a result, many investors are simply tuning out for the entire week, figuring they can start paying attention again after a long weekend.
However, there are a few key companies that are reporting their financial results, and what they say will tell those who are paying attention a lot about the state of their respective industries and of investor sentiment more broadly. Here's some information about two stocks that you should watch this week, with an eye toward figuring out whether one can keep moving forward and the other can regain its lost momentum.
Plowing forward
Farm equipment manufacturer Deere (NYSE: DE) is set to report its fiscal fourth-quarter financial results before the market opens on Wednesday, Nov. 23. Unlike many stocks in 2022's bear market, Deere has managed to move higher so far this year, and investors want to see whether the maker of tractors and other heavy equipment can keep taking advantage of favorable industry tailwinds that are helping its customers.
Deere's financial performance has been outstanding recently. In its fiscal third-quarter results for the period ending July 31, revenue jumped 22% year over year on a 25% rise in equipment sales. Net income moved higher by 13%, with earnings per share enjoying a 16% boost from year-ago levels. Deere got solid gains from its small agriculture and turf segment, with construction and forestry equipment results showing more modest growth.
Yet Deere's biggest contributor to long-term growth lately has been its production and precision agriculture segment. Investors need to understand that as much as farm equipment might seem rooted in the old economy, technological innovation has changed the way farmers do their jobs. For instance, by using GPS technology, Deere's equipment can build a detailed map of a farmer's land, making subsequent operations more efficient.
Investors are looking for sizable year-over-year earnings gains from Deere to finish its 2022 fiscal year, and they hope to see continued mid-teen percentage growth in its bottom line in fiscal 2023. That could prove to be just the beginning of a multi-decade path to long-term growth for Deere.
Nordstrom looks for a comeback
Elsewhere, shares of Nordstrom (NYSE: JWN) haven't seen the same success that Deere shareholders have enjoyed. Yet shareholders in the well-regarded department store retailer hope that when the company reports its latest financial results after the closing bell on Tuesday, Nov. 22, Nordstrom will confirm what some of its retail stock peers have said lately about the current industry environment.
Nordstrom's investors aren't expecting to see much good news in the report for the fiscal third quarter that ended Oct. 31. Most of those following the stock anticipate that sales will sag from year-ago levels, and massive pressure on costs along with substantial promotional activity to clear out inventory could cause earnings to fall by half or more year over year.
Nordstrom has a lot to say to retail investors, because its stores offer two very different perspectives on the economic condition of its shopper base. On one hand, its high-end, full-price namesake stores have greater exposure to luxury shoppers, whose economic fortunes are arguably less sensitive to swings in the economy. On the other hand, its Nordstrom Rack off-price discount stores cater to shoppers of more modest means, and their behavior will tell shareholders whether consumers are trading down from higher-end to lower-end stores and pulling back on spending activity more broadly.
Deere and Nordstrom aren't stocks that most investors tend to follow. Yet what they have to say will be especially important as the holiday shopping season gets off to its official start and winter approaches for much of the Farm Belt. Take a few minutes out of your Thanksgiving week schedule to see what the two companies tell their investors.
10 stocks we like better than Deere & Company
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Deere & Company. 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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Plowing forward Farm equipment manufacturer Deere (NYSE: DE) is set to report its fiscal fourth-quarter financial results before the market opens on Wednesday, Nov. 23. Unlike many stocks in 2022's bear market, Deere has managed to move higher so far this year, and investors want to see whether the maker of tractors and other heavy equipment can keep taking advantage of favorable industry tailwinds that are helping its customers. Deere's financial performance has been outstanding recently.
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Plowing forward Farm equipment manufacturer Deere (NYSE: DE) is set to report its fiscal fourth-quarter financial results before the market opens on Wednesday, Nov. 23. Yet shareholders in the well-regarded department store retailer hope that when the company reports its latest financial results after the closing bell on Tuesday, Nov. 22, Nordstrom will confirm what some of its retail stock peers have said lately about the current industry environment. Unlike many stocks in 2022's bear market, Deere has managed to move higher so far this year, and investors want to see whether the maker of tractors and other heavy equipment can keep taking advantage of favorable industry tailwinds that are helping its customers.
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Unlike many stocks in 2022's bear market, Deere has managed to move higher so far this year, and investors want to see whether the maker of tractors and other heavy equipment can keep taking advantage of favorable industry tailwinds that are helping its customers. Yet shareholders in the well-regarded department store retailer hope that when the company reports its latest financial results after the closing bell on Tuesday, Nov. 22, Nordstrom will confirm what some of its retail stock peers have said lately about the current industry environment. 10 stocks we like better than Deere & Company When our award-winning analyst team has a stock tip, it can pay to listen.
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Nordstrom's investors aren't expecting to see much good news in the report for the fiscal third quarter that ended Oct. 31. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere & Company wasn't one of them! Plowing forward Farm equipment manufacturer Deere (NYSE: DE) is set to report its fiscal fourth-quarter financial results before the market opens on Wednesday, Nov. 23.
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720980.0
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2022-11-21 00:00:00 UTC
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Deere (DE) to Report Q4 Earnings: What's in Store?
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DE
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https://www.nasdaq.com/articles/deere-de-to-report-q4-earnings%3A-whats-in-store
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nan
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Deere & Company DE is scheduled to report fourth-quarter fiscal 2022 results on Nov 23, before the opening bell.
Which Way Are the Estimates Trending?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.09 for the fiscal fourth quarter, suggesting growth of 72% year over year. The Zacks Consensus Estimate for total revenues is pinned at $13.5 billion, calling for a year-over-year increase of 31.2%. Earnings estimates for the fiscal fourth quarter have remained unchanged in the past 30 days.
Q3 Results
Deere’s sales surpassed the Zacks Consensus Estimate in the last reported quarter, while earnings missed the same. Both the bottom and the top line increased year over year. On average, the company has a trailing four-quarter earnings surprise of 7.8%.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
What Does Our Model Indicate?
Our proven model doesn’t conclusively predict an earnings beat for Deere 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.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Deere is -3.28%.
Zacks Rank: Deere currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors to Consider
Deere expects net income for fiscal 2022 to be between $7.0 billion and $7.2 billion. The company reported net income of $5.96 billion in fiscal 2021. 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 fourth-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 third quarter.
Segment Estimates
The Zacks Consensus Estimate for Production & Precision Agriculture segment’s revenues is pegged at $6,546 million for the fiscal fourth quarter, suggesting a year-over-year increase of 40%. Sales will be aided by higher shipment volumes and price realization. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $1,682 million, up 116% from $777 million in the last year’s comparable quarter.
The Zacks Consensus Estimate for the Small Agriculture & Turf segment’s revenues is pegged at $3,604 million for the fiscal fourth quarter, indicating 28% growth from the prior-year quarter. The segment’s operating profit is estimated at $511 million, up 77% year over year.
Favorable farm fundamentals are expected to have led to improvement in orders which is likely to reflect in the segment’s top-line performance. However, the segment will likely have been impacted by supply constraints in the fiscal fourth quarter.
The Construction & Forestry segment’s sales are estimated at $3,311 million in the fiscal fourth quarter, up 18% from the prior-year quarter on strong demand. The segment’s operating profit is expected to soar 55% to $418 million from the prior-year quarter.
The Zacks Consensus Estimate for the Financial Services segment’s revenues is pegged at $967 million for the fiscal fourth quarter, up 3% from the year-ago quarter’s tally. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $301 million compared with the prior-year quarter’s reported figure of $299 million.
Price Performance
Image Source: Zacks Investment Research
Deere’s shares have increased 18.7% in the past year compared with the industry’s gain of 16.3%.
Stocks Worth a Look
Here are some stocks which have the right combination of elements to post an earnings beat this quarter.
AutoZone AZO currently has an Earnings ESP of +2.91% and a Zacks Rank #3. The Zacks Consensus Estimate for AZO’s fiscal first-quarter 2023 earnings per share is currently pegged at $24.82. The estimate has moved down 2% over the past 30 days.
The Zacks Consensus Estimate for AZO’s quarterly revenues is pegged at $3.8 billion, which indicates year-over-year growth of 4.2%. The company has a trailing four-quarter earnings surprise of 16.6% on average.
Burlington Stores BURL currently has an Earnings ESP of +7.18% and a Zacks Rank of 3. The Zacks Consensus Estimate for its quarterly revenues is pegged at $2 billion.
The Zacks Consensus Estimate for BURL’s fiscal third-quarter 2022 earnings is pegged at 52 cents per share. The estimate has gone up 2% over the past 30 days. BURL has a trailing four-quarter earnings surprise of 5.5%, on average.
AAC Technologies AACAY has an Earnings ESP of +20.00% and a Zacks Rank #3. AACAY’s consensus estimate for revenues is pegged at $754.2 billion for the September ended quarter, suggesting year-over-year growth of about 15%.
The Zacks Consensus Estimate for the company’s third quarter 2022 earnings is currently at 3 cents, suggesting year-over-year growth of 50%. The estimate has gone up 50% over the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Deere & Company (DE): Free Stock Analysis Report
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Deere’s shares have increased 18.7% in the past year compared with the industry’s gain of 16.3%. AACAY’s consensus estimate for revenues is pegged at $754.2 billion for the September ended quarter, suggesting year-over-year growth of about 15%. Deere & Company DE is scheduled to report fourth-quarter fiscal 2022 results on Nov 23, before the opening bell.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.09 for the fiscal fourth quarter, suggesting growth of 72% year over year. Deere & Company DE is scheduled to report fourth-quarter fiscal 2022 results on Nov 23, before the opening bell. Q3 Results Deere’s sales surpassed the Zacks Consensus Estimate in the last reported quarter, while earnings missed the same.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.09 for the fiscal fourth quarter, suggesting growth of 72% year over year. Deere & Company DE is scheduled to report fourth-quarter fiscal 2022 results on Nov 23, before the opening bell. Q3 Results Deere’s sales surpassed the Zacks Consensus Estimate in the last reported quarter, while earnings missed the same.
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Q3 Results Deere’s sales surpassed the Zacks Consensus Estimate in the last reported quarter, while earnings missed the same. Image Source: Zacks Investment Research Deere’s shares have increased 18.7% in the past year compared with the industry’s gain of 16.3%. Deere & Company DE is scheduled to report fourth-quarter fiscal 2022 results on Nov 23, before the opening bell.
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2022-11-21 00:00:00 UTC
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PREVIEW-Strong demand, robust pricing to boost Deere's sales
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DE
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https://www.nasdaq.com/articles/preview-strong-demand-robust-pricing-to-boost-deeres-sales
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nan
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By Bianca Flowers
Nov 21 (Reuters) - Industrial bellwether Deere & Co DE.N is expected to post double-digit growth in quarterly sales and profit on Wednesday, fueled by higher crop prices and pent-up demand for its larger equipment.
Nearing the end of harvest season, Deere's bottom-line has fared well in what analysts said has been a bull market for agriculture this year. Strong demand and not enough supply gave Deere the pricing power needed to help offset rising raw material, production and shipping costs for the fiscal year ending on Oct. 31.
The Moline-Illinois based company continues to navigate uncertain global economic conditions and supply chain tightness that has kept dealer inventories low. Even as supply chain challenges start to ease, analysts said it is hard to predict the availability of parts Deere will need to assemble machines.
"The make or break this quarter will really be on the supply chain. The demand side of the equation hasn't wavered and remains quite strong," Jefferies analyst Stephen Volkmann said.
The farm equipment-maker's full-year profit outlook was dragged down last quarter after earnings fell below Wall Street's consensus due to rising interest expenses and an inability to make enough large tractors.
Danielle Shay, a vice president at Simpler Trading was not bothered by the miss because she is confident Deere will be able to recoup sales.
Deere has outperformed the Dow Jones Industrial Average .DJI, with shares up 18% year-to-date. For the fourth quarter, the company is expected to report $2.16 billion in net income, or $7.12 earnings per share, on revenue of $13.38 billion, according to Refintiv data.
Demand for tractors and combines has not shown signs of slowing down despite rising interest rates, but analysts are watching whether producers may start to scale back on equipment purchases.
"That's something that we watch closely," said Eric Greaser, a senior analyst at Moody's. "We're waiting to see if this rising interest rate environment will impact the financing of equipment."
(Reporting by Bianca Flowers; Editing by Anna Driver)
((Bianca.Flowers@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Bianca Flowers Nov 21 (Reuters) - Industrial bellwether Deere & Co DE.N is expected to post double-digit growth in quarterly sales and profit on Wednesday, fueled by higher crop prices and pent-up demand for its larger equipment. Strong demand and not enough supply gave Deere the pricing power needed to help offset rising raw material, production and shipping costs for the fiscal year ending on Oct. 31. Nearing the end of harvest season, Deere's bottom-line has fared well in what analysts said has been a bull market for agriculture this year.
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Demand for tractors and combines has not shown signs of slowing down despite rising interest rates, but analysts are watching whether producers may start to scale back on equipment purchases. By Bianca Flowers Nov 21 (Reuters) - Industrial bellwether Deere & Co DE.N is expected to post double-digit growth in quarterly sales and profit on Wednesday, fueled by higher crop prices and pent-up demand for its larger equipment. Nearing the end of harvest season, Deere's bottom-line has fared well in what analysts said has been a bull market for agriculture this year.
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By Bianca Flowers Nov 21 (Reuters) - Industrial bellwether Deere & Co DE.N is expected to post double-digit growth in quarterly sales and profit on Wednesday, fueled by higher crop prices and pent-up demand for its larger equipment. Strong demand and not enough supply gave Deere the pricing power needed to help offset rising raw material, production and shipping costs for the fiscal year ending on Oct. 31. Demand for tractors and combines has not shown signs of slowing down despite rising interest rates, but analysts are watching whether producers may start to scale back on equipment purchases.
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By Bianca Flowers Nov 21 (Reuters) - Industrial bellwether Deere & Co DE.N is expected to post double-digit growth in quarterly sales and profit on Wednesday, fueled by higher crop prices and pent-up demand for its larger equipment. Nearing the end of harvest season, Deere's bottom-line has fared well in what analysts said has been a bull market for agriculture this year. Strong demand and not enough supply gave Deere the pricing power needed to help offset rising raw material, production and shipping costs for the fiscal year ending on Oct. 31.
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2607356f-5bc7-4443-b00a-b0775285a03a
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720982.0
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2022-11-20 00:00:00 UTC
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Warren Buffett Doesn't Follow His Own Advice -- and It's Made Him Richer
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DE
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https://www.nasdaq.com/articles/warren-buffett-doesnt-follow-his-own-advice-and-its-made-him-richer
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nan
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nan
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Warren Buffett has made many memorable statements throughout the years. One I've always especially liked is this line he wrote in his 1996 letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."
That's exactly the kind of thing you'd expect to hear from a legendary investor known for his buy-and-hold long-term mindset. This is the same person who once stated that his "favorite holding period is forever." You'd also probably think Buffett has always practiced what he's preached.
Think again. Buffett doesn't follow his own advice on this front nearly as often as you might expect. And it's actually made him richer.
Image source: The Motley Fool.
The 10-year test
My curiosity recently got the better of me. I went back to Berkshire's 13F-HR filing for the third quarter of 2012. The purpose was simple: I wanted to see just how many of the stocks Buffett owned (via his stake in Berkshire) 10 years ago were still in his portfolio as of the latest regulatory filing.
In Q3 2012, Berkshire owned 37 stocks. Only 15 of those stocks were in the conglomerate's portfolio 10 years later. Of course, this didn't mean that Buffett hadn't owned the other 22 stocks for 10 years. After all, he could have bought them well before 2012 and still held them for at least that long. That was exactly the case with seven of them.
There were also some other unusual scenarios to account for. One of those stocks from 2012 (Precision Castparts) was fully acquired by Berkshire along the way. On the other hand, Buffett sold Viacom during the period only to buy it back with the purchase of Paramount Global shares earlier this year. (Viacom later became ViacomCBS and renamed itself Paramount Global in February 2022.
We also should cut Buffett some slack in a few cases. Three of the companies in which Berkshire owned shares back in 2012 were later acquired and taken private -- USG, Wabco, and The Washington Post. He couldn't still own these stocks today even if he wanted to.
Still, though, Buffett didn't hold on to 11 of the stocks in Berkshire's portfolio in Q3 2012 for at least 10 years. That's nearly 30% of the total number of stocks he owned back then. This got me to question whether his decisions to sell those stocks were smart moves.
A lazy analysis
I took an admittedly lazy approach in analyzing Buffett's wisdom in selling so many stocks before he had held them for 10 years. But I think my quick-and-dirty method is nonetheless instructive.
No, I didn't try to do the practically impossible task of guessing what Buffett did with the money made from those sales. I simply compared the performances of all the stocks in Berkshire's Q3 2012 portfolio that Buffett hadn't held for at least 10 years against how Berkshire itself performed between the end of Q3 2012 and the end of Q3 2022.
So what did I find? Only two of the 11 stocks that Buffett sold without holding for 10 years had delivered a total return greater than Berkshire's by the end of the third quarter of 2022 -- Deere and Verisk Analytics.
The bottom line here is that Buffett appears to have come out better overall by selling this group of stocks instead of holding them for 10 years. He's richer because he didn't dogmatically buy and hold.
RIP, buy and hold?
Don't say "rest in peace" to the buy-and-hold philosophy just yet, though. For one thing, Buffett did use some wiggle words in his previous statements. He didn't insist that investors should always hold stocks for at least 10 years. He merely said that you should be willing to own the stocks for that long.
The reality is that you can have a long-term mindset even when you don't hold some stocks for an especially long period. I don't think Buffett bought any of those stocks back then without being willing to own them for at least a decade. However, business dynamics can change. And it's possible for even the Oracle of Omaha to make mistakes.
Perhaps Buffett won't keep the stocks that he's recently added to Berkshire's portfolio for 10 years. If he doesn't, though, I think his advice to Berkshire shareholders in 1996 is still relevant. Be willing to buy and hold for the long term. Let your winners run. But if your premise for buying a stock changes, sell it. Buy and hold doesn't have to mean buy and hope.
10 stocks we like better than Berkshire Hathaway (B shares)
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Keith Speights has positions in Berkshire Hathaway (B shares). The Motley Fool has positions in and recommends Berkshire Hathaway (B shares). The Motley Fool recommends Deere & Company and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). 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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Only two of the 11 stocks that Buffett sold without holding for 10 years had delivered a total return greater than Berkshire's by the end of the third quarter of 2022 -- Deere and Verisk Analytics. Warren Buffett has made many memorable statements throughout the years. One I've always especially liked is this line he wrote in his 1996 letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."
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One I've always especially liked is this line he wrote in his 1996 letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." The Motley Fool recommends Deere & Company and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). Warren Buffett has made many memorable statements throughout the years.
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The Motley Fool recommends Deere & Company and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). Warren Buffett has made many memorable statements throughout the years. One I've always especially liked is this line he wrote in his 1996 letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."
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Warren Buffett has made many memorable statements throughout the years. One I've always especially liked is this line he wrote in his 1996 letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." And it's actually made him richer.
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833aa1da-2f6e-4a6f-8aed-40202cb9b7f8
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720983.0
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2022-11-18 00:00:00 UTC
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Noteworthy ETF Outflows: IVV, T, DE, PLD
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-ivv-t-de-pld
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $376.1 million dollar outflow -- that's a 0.1% decrease week over week (from 760,700,000 to 759,750,000). Among the largest underlying components of IVV, in trading today AT&T Inc (Symbol: T) is up about 0.3%, Deere & Co. (Symbol: DE) is up about 0.4%, and Prologis Inc (Symbol: PLD) is up by about 1.1%. For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average:
Looking at the chart above, IVV's low point in its 52 week range is $349.53 per share, with $482.07 as the 52 week high point — that compares with a last trade of $396.84. 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:
Dividend Stock Screener
HBB Stock Predictions
VGK Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Dividend Stock Screener HBB Stock Predictions VGK 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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Among the largest underlying components of IVV, in trading today AT&T Inc (Symbol: T) is up about 0.3%, Deere & Co. (Symbol: DE) is up about 0.4%, and Prologis Inc (Symbol: PLD) is up by about 1.1%. For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average: Looking at the chart above, IVV's low point in its 52 week range is $349.53 per share, with $482.07 as the 52 week high point — that compares with a last trade of $396.84. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $376.1 million dollar outflow -- that's a 0.1% decrease week over week (from 760,700,000 to 759,750,000). For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average: Looking at the chart above, IVV's low point in its 52 week range is $349.53 per share, with $482.07 as the 52 week high point — that compares with a last trade of $396.84. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $376.1 million dollar outflow -- that's a 0.1% decrease week over week (from 760,700,000 to 759,750,000). For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average: Looking at the chart above, IVV's low point in its 52 week range is $349.53 per share, with $482.07 as the 52 week high point — that compares with a last trade of $396.84. 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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004cd00f-1cff-429b-b58d-714c48c77161
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720984.0
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2022-11-18 00:00:00 UTC
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Validea Motley Fool Strategy Daily Upgrade Report - 11/18/2022
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DE
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https://www.nasdaq.com/articles/validea-motley-fool-strategy-daily-upgrade-report-11-18-2022
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nan
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nan
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The following are today's upgrades for Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
DEERE & COMPANY (DE) is a large-cap growth stock in the Constr. & Agric. Machinery industry. The rating according to our strategy based on Motley Fool changed from 65% to 72% 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 produces intelligent, connected machines and applications, which help the agriculture and construction industries. The Company's production and precision agriculture segment develops and delivers global equipment and technology solutions to unlock customer value for production-scale growers of large grains, small grains, cotton, and sugar. The small agriculture and turf segment develops and delivers global equipment and technology solutions to unlock customer value for dairy and livestock producers, 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 primarily finances sales and leases by John Deere dealers of new and used production and precision agriculture, small agriculture and turf, and construction and forestry equipment.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: FAIL
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: FAIL
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: PASS
Detailed Analysis of DEERE & COMPANY
Full Guru Analysis for DE
Full Factor Report for DE
SUMMIT FINANCIAL GROUP, INC. (SMMF) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Motley Fool changed from 59% to 72% 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: Summit Financial Group Inc. is a financial holding company. It provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the Central region of Kentucky. It provides a range of community banking services, including demand, savings, and time deposits; commercial, real estate and consumer loans; trust and wealth management services; and cash management services. Its loan portfolio in lending categories include commercial, commercial real estate, construction and land development, residential real estate, consumer and mortgage warehouse lines of credit. It offers a range of financial products and services to small and medium-sized businesses. It also provides automobile loans and recreational vehicle loans. It offers marketing, investment portfolio management, human resources administration and other financial and administrative services.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: FAIL
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: PASS
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): PASS
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: FAIL
PRICE: PASS
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of SUMMIT FINANCIAL GROUP, INC.
Full Guru Analysis for SMMF
Full Factor Report for SMMF
DIANA SHIPPING INC (DSX) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on Motley Fool changed from 65% to 72% 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: Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. The Company's operating fleet consists of 41 dry bulk vessels, which four are Newcastlemax, 13 Capesize, five Post-Panamax, five Kamsarmax and 14 Panamax. The Company's fleet includes Danae, Dione, Nirefs, Thetis, Protefs, Calipso, Clio, Erato, Coronis, Melite, Leto, Artemis, Selina, Atalandi, Maia, Medusa, Norfolk, Aliki, Semirio, Boston, Seattle, Santa Barbara, New Orleans, Los Angeles, San Francisco and Newport News. The commercial and technical management of the Company's fleet, as well as the provision of administrative services relating to the fleet's operations.
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.
PROFIT MARGIN: PASS
RELATIVE STRENGTH: PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR: PASS
INSIDER HOLDINGS: PASS
CASH FLOW FROM OPERATIONS: PASS
PROFIT MARGIN CONSISTENCY: FAIL
R&D AS A PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PASS
INVENTORY TO SALES: PASS
ACCOUNTS RECEIVABLE TO SALES: PASS
LONG TERM DEBT/EQUITY RATIO: FAIL
"THE FOOL RATIO" (P/E TO GROWTH): FAIL
AVERAGE SHARES OUTSTANDING: PASS
SALES: PASS
DAILY DOLLAR VOLUME: PASS
PRICE: FAIL
INCOME TAX PERCENTAGE: FAIL
Detailed Analysis of DIANA SHIPPING INC
Full Guru Analysis for DSX
Full Factor Report for DSX
More details on Validea's Motley Fool strategy
About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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 rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. The Company's fleet includes Danae, Dione, Nirefs, Thetis, Protefs, Calipso, Clio, Erato, Coronis, Melite, Leto, Artemis, Selina, Atalandi, Maia, Medusa, Norfolk, Aliki, Semirio, Boston, Seattle, Santa Barbara, New Orleans, Los Angeles, San Francisco and Newport News.
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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 rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. Detailed Analysis of DEERE & COMPANY Full Guru Analysis for DE Full Factor Report for DE SUMMIT FINANCIAL GROUP, INC. (SMMF) is a small-cap value stock in the Money Center Banks 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 rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. Detailed Analysis of DEERE & COMPANY Full Guru Analysis for DE Full Factor Report for DE SUMMIT FINANCIAL GROUP, INC. (SMMF) is a small-cap value stock in the Money Center Banks 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 today's upgrades for Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. The rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation.
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91b1771f-7ef1-41aa-93d1-a516d691a823
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720985.0
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2022-11-18 00:00:00 UTC
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What To Expect From Deere's Q4?
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DE
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https://www.nasdaq.com/articles/what-to-expect-from-deeres-q4
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nan
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nan
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Deere & Company (NYSE: DE) is scheduled to report its fiscal fourth-quarter results on Wednesday, November 23. We expect Deere to post revenues and earnings above the street estimates. The company should benefit from higher demand for agriculture equipment, a robust pricing environment, and a rise in production rate. Although we expect Deere to report an upbeat Q4, we find that DE stock is fully valued, as discussed below. Our interactive dashboard analysis of Deere’s Earnings Preview has additional details.
(1) Revenues are expected to be higher than the consensus estimate
Trefis estimates Deere’s Q4 fiscal 2022 total revenues to be around $13.6 billion, slightly higher than the $13.4 billion consensus estimate.
The company saw a strong rebound in demand for agriculture equipment over the last few quarters, a trend that likely continued over the latest quarter.
Furthermore, higher than average age agricultural equipment, and rising commodity prices likely contributed to the company’s top-line growth.
Looking at the last quarter, Deere’s revenue rose 22% y-o-y to $14.1 billion, driven by a solid 43% rise in production & precision agriculture equipment sales, while construction and forestry equipment sales were up 8%.
Our dashboard on Deere Revenues provides more details.
(2) EPS likely to be marginally above the consensus estimates
Deere’s Q4 fiscal 2022 earnings per share (EPS) is expected to be $7.13 per Trefis analysis, marginally above the consensus estimate of $7.11.
Deere’s net income of $1.9 billion in Q3 reflected a 13% rise from its $1.7 billion profit in the prior-year quarter. The company’s operating margins declined 70 bps to around 18.8% for the quarter.
Rising input costs have impacted the company’s operating margins in the recent past.
Looking at the full fiscal 2022, we expect EPS to be $23.02, compared to the $18.99 seen in fiscal 2021.
(3) DE stock is fully valued
We estimate Deere’s Valuation to be $396 per share, which is 3% below its current market price of $407.
At its current levels, DE stock is trading around 18x its expected forward earnings, compared to the last three-year average of 16x, implying that DE stock is fully valued now.
That said, if the company reports upbeat Q4 results and provides full 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 Nov 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
DE Return 3% 19% 295%
S&P 500 Return 3% -16% 78%
Trefis Multi-Strategy Portfolio 8% -16% 231%
[1] Month-to-date and year-to-date as of 11/16/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company should benefit from higher demand for agriculture equipment, a robust pricing environment, and a rise in production rate. (3) DE stock is fully valued We estimate Deere’s Valuation to be $396 per share, which is 3% below its current market price of $407. Deere & Company (NYSE: DE) is scheduled to report its fiscal fourth-quarter results on Wednesday, November 23.
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Although we expect Deere to report an upbeat Q4, we find that DE stock is fully valued, as discussed below. (1) Revenues are expected to be higher than the consensus estimate Trefis estimates Deere’s Q4 fiscal 2022 total revenues to be around $13.6 billion, slightly higher than the $13.4 billion consensus estimate. (2) EPS likely to be marginally above the consensus estimates Deere’s Q4 fiscal 2022 earnings per share (EPS) is expected to be $7.13 per Trefis analysis, marginally above the consensus estimate of $7.11.
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(1) Revenues are expected to be higher than the consensus estimate Trefis estimates Deere’s Q4 fiscal 2022 total revenues to be around $13.6 billion, slightly higher than the $13.4 billion consensus estimate. (2) EPS likely to be marginally above the consensus estimates Deere’s Q4 fiscal 2022 earnings per share (EPS) is expected to be $7.13 per Trefis analysis, marginally above the consensus estimate of $7.11. Total [2] DE Return 3% 19% 295% S&P 500 Return 3% -16% 78% Trefis Multi-Strategy Portfolio 8% -16% 231% [1] Month-to-date and year-to-date as of 11/16/2022 [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 be higher than the consensus estimate Trefis estimates Deere’s Q4 fiscal 2022 total revenues to be around $13.6 billion, slightly higher than the $13.4 billion consensus estimate. (2) EPS likely to be marginally above the consensus estimates Deere’s Q4 fiscal 2022 earnings per share (EPS) is expected to be $7.13 per Trefis analysis, marginally above the consensus estimate of $7.11. (3) DE stock is fully valued We estimate Deere’s Valuation to be $396 per share, which is 3% below its current market price of $407.
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0b3f7c07-9698-4eb4-b251-83a8929ef00d
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720986.0
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2022-11-17 00:00:00 UTC
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Estee Lauder Cos. Moves Up In Analyst Rankings, Passing Deere & Co.
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DE
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https://www.nasdaq.com/articles/estee-lauder-cos.-moves-up-in-analyst-rankings-passing-deere-co.
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nan
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nan
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In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Estee Lauder Cos., Inc. (Symbol: EL) has taken over the #95 spot from Deere & Co. (Symbol: DE), according to ETF Channel. Below is a chart of Estee Lauder Cos., Inc. versus Deere & Co. plotting their respective rank within the S&P 500 over time (EL plotted in blue; DE plotted in green):
Below is a three month price history chart comparing the stock performance of EL vs. DE:
EL is currently trading off about 0.9%, while DE is down about 0.9% midday Thursday.
Favorites »
Also see:
CEF Channel
ATK Videos
PLCE 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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In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Estee Lauder Cos., Inc. (Symbol: EL) has taken over the #95 spot from Deere & Co. (Symbol: DE), according to ETF Channel. Below is a chart of Estee Lauder Cos., Inc. versus Deere & Co. plotting their respective rank within the S&P 500 over time (EL plotted in blue; DE plotted in green): Below is a three month price history chart comparing the stock performance of EL vs. DE: EL is currently trading off about 0.9%, while DE is down about 0.9% midday Thursday. Favorites » Also see: CEF Channel ATK Videos PLCE 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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In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Estee Lauder Cos., Inc. (Symbol: EL) has taken over the #95 spot from Deere & Co. (Symbol: DE), according to ETF Channel. Below is a chart of Estee Lauder Cos., Inc. versus Deere & Co. plotting their respective rank within the S&P 500 over time (EL plotted in blue; DE plotted in green): Below is a three month price history chart comparing the stock performance of EL vs. DE: EL is currently trading off about 0.9%, while DE is down about 0.9% midday Thursday. Favorites » Also see: CEF Channel ATK Videos PLCE 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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In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Estee Lauder Cos., Inc. (Symbol: EL) has taken over the #95 spot from Deere & Co. (Symbol: DE), according to ETF Channel. Below is a chart of Estee Lauder Cos., Inc. versus Deere & Co. plotting their respective rank within the S&P 500 over time (EL plotted in blue; DE plotted in green): Below is a three month price history chart comparing the stock performance of EL vs. DE: EL is currently trading off about 0.9%, while DE is down about 0.9% midday Thursday. Favorites » Also see: CEF Channel ATK Videos PLCE 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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In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Estee Lauder Cos., Inc. (Symbol: EL) has taken over the #95 spot from Deere & Co. (Symbol: DE), according to ETF Channel. Below is a chart of Estee Lauder Cos., Inc. versus Deere & Co. plotting their respective rank within the S&P 500 over time (EL plotted in blue; DE plotted in green): Below is a three month price history chart comparing the stock performance of EL vs. DE: EL is currently trading off about 0.9%, while DE is down about 0.9% midday Thursday. Favorites » Also see: CEF Channel ATK Videos PLCE 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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3a45f6b3-bcb8-41b1-855a-c3c092f8dd2c
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720987.0
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2022-11-16 00:00:00 UTC
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Deere (DE) Earnings Expected to Grow: Should You Buy?
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DE
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https://www.nasdaq.com/articles/deere-de-earnings-expected-to-grow%3A-should-you-buy-1
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nan
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nan
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Deere (DE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 23. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This agricultural equipment manufacturer is expected to post quarterly earnings of $7.09 per share in its upcoming report, which represents a year-over-year change of +72.1%.
Revenues are expected to be $13.48 billion, up 31.2% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.56% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that 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. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Deere?
For Deere, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.13%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Deere will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Deere would post earnings of $6.64 per share when it actually produced earnings of $6.16, delivering a surprise of -7.23%.
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 doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Deere (DE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2022.
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Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. Deere (DE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Deere, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. Deere (DE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2022.
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For the last reported quarter, it was expected that Deere would post earnings of $6.64 per share when it actually produced earnings of $6.16, delivering a surprise of -7.23%. Deere (DE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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0a52c242-bfb1-4829-b6fe-8ede7cfe699b
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720988.0
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2022-11-14 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-3
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nan
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nan
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Deere (DE) closed at $406.94 in the latest trading session, marking a +0.22% move from the prior day. This change outpaced the S&P 500's 0.89% loss on the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.25%.
Coming into today, shares of the agricultural equipment manufacturer had gained 13.69% in the past month. In that same time, the Industrial Products sector gained 19.12%, while the S&P 500 gained 11.42%.
Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be November 23, 2022. On that day, Deere is projected to report earnings of $7.09 per share, which would represent year-over-year growth of 72.09%. Meanwhile, our latest consensus estimate is calling for revenue of $13.48 billion, up 31.16% from the prior-year quarter.
Any recent changes to analyst estimates for Deere should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.86% lower. Deere is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 15.27 right now. This valuation marks a premium compared to its industry's average Forward P/E of 14.12.
Meanwhile, DE's PEG ratio is currently 1.21. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment was holding an average PEG ratio of 1.21 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 148, putting it in the bottom 42% 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.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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 $406.94 in the latest trading session, marking a +0.22% move from the prior day. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be November 23, 2022.
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Deere (DE) closed at $406.94 in the latest trading session, marking a +0.22% move from the prior day. Deere & Company (DE): Free Stock Analysis Report Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be November 23, 2022.
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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 & Company (DE): Free Stock Analysis Report Deere (DE) closed at $406.94 in the latest trading session, marking a +0.22% move from the prior day.
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Deere & Company (DE): Free Stock Analysis Report Deere (DE) closed at $406.94 in the latest trading session, marking a +0.22% move from the prior day. Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be November 23, 2022.
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aaf39390-efa6-403d-b916-bad357146852
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720989.0
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2022-11-14 00:00:00 UTC
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Circor (CIR) Q3 Earnings and Revenues Beat Estimates
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DE
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https://www.nasdaq.com/articles/circor-cir-q3-earnings-and-revenues-beat-estimates
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nan
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nan
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Circor (CIR) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 91.67%. A quarter ago, it was expected that this maker of valves and other engineered products would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Circor, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $195.36 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.80%. This compares to year-ago revenues of $190.78 million. The company has topped consensus revenue estimates just once 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.
Circor shares have lost about 20.2% since the beginning of the year versus the S&P 500's decline of -16.2%.
What's Next for Circor?
While Circor 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 Circor: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.44 on $200.85 million in revenues for the coming quarter and $1.25 on $766.4 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, Metal Products - Procurement and Fabrication is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, Deere (DE), has yet to report results for the quarter ended October 2022. The results are expected to be released on November 23.
This agricultural equipment manufacturer is expected to post quarterly earnings of $7.09 per share in its upcoming report, which represents a year-over-year change of +72.1%. The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level.
Deere's revenues are expected to be $13.48 billion, up 31.2% from the year-ago quarter.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
CIRCOR International, Inc. (CIR): 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 #5 (Strong Sell) for the stock. Another stock from the broader Zacks Industrial Products sector, Deere (DE), has yet to report results for the quarter ended October 2022. A quarter ago, it was expected that this maker of valves and other engineered products would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%.
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Circor, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $195.36 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.80%. Deere & Company (DE): Free Stock Analysis Report A quarter ago, it was expected that this maker of valves and other engineered products would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%.
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Circor, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $195.36 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.80%. 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 #5 (Strong Sell) for the stock. A quarter ago, it was expected that this maker of valves and other engineered products would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%.
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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 #5 (Strong Sell) for the stock. A quarter ago, it was expected that this maker of valves and other engineered products would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%. Circor, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $195.36 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.80%.
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c090a6aa-9444-4d35-b282-fc223c2230e0
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720990.0
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2022-11-09 00:00:00 UTC
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Desktop Metal, Inc. (DM) Reports Q3 Loss, Lags Revenue Estimates
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DE
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https://www.nasdaq.com/articles/desktop-metal-inc.-dm-reports-q3-loss-lags-revenue-estimates
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nan
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nan
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Desktop Metal, Inc. (DM) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.10, delivering a surprise of -25%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Desktop Metal, Inc., which belongs to the Zacks Manufacturing - Print industry, posted revenues of $47.09 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 27.11%. This compares to year-ago revenues of $25.44 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.
Desktop Metal, Inc. Shares have lost about 51.7% since the beginning of the year versus the S&P 500's decline of -19.7%.
What's Next for Desktop Metal, Inc.
While Desktop Metal, 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 Desktop Metal, 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 -$0.06 on $93.7 million in revenues for the coming quarter and -$0.38 on $259.6 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 - Print is currently in the top 39% 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 October 2022. The results are expected to be released on November 23.
This agricultural equipment manufacturer is expected to post quarterly earnings of $7.09 per share in its upcoming report, which represents a year-over-year change of +72.1%. The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level.
Deere's revenues are expected to be $13.48 billion, up 31.2% 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
Desktop Metal, Inc. (DM): 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. One other stock from the broader Zacks Industrial Products sector, Deere (DE), is yet to report results for the quarter ended October 2022. Desktop Metal, Inc. (DM) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08.
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Desktop Metal, Inc., which belongs to the Zacks Manufacturing - Print industry, posted revenues of $47.09 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 27.11%. Desktop Metal, Inc. (DM): Free Stock Analysis Report Desktop Metal, Inc. (DM) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08.
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Desktop Metal, Inc. (DM) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. Desktop Metal, Inc., which belongs to the Zacks Manufacturing - Print industry, posted revenues of $47.09 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 27.11%. 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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Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Ahead of this earnings release, the estimate revisions trend for Desktop Metal, Inc. Mixed. Desktop Metal, Inc. (DM) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08.
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c7353656-9148-4b68-9616-3b9c2fea1a37
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720991.0
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2022-11-08 00:00:00 UTC
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MRC Global (MRC) Q3 Earnings and Revenues Surpass Estimates
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DE
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https://www.nasdaq.com/articles/mrc-global-mrc-q3-earnings-and-revenues-surpass-estimates
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nan
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nan
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MRC Global (MRC) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 35.48%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
MRC, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $904 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.13%. This compares to year-ago revenues of $685 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.
MRC shares have added about 45.5% since the beginning of the year versus the S&P 500's decline of -20.1%.
What's Next for MRC?
While MRC 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 MRC: 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 $0.11 on $834.75 million in revenues for the coming quarter and $0.99 on $3.31 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, Steel - Pipe and Tube is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, Deere (DE), has yet to report results for the quarter ended October 2022. The results are expected to be released on November 23.
This agricultural equipment manufacturer is expected to post quarterly earnings of $7.09 per share in its upcoming report, which represents a year-over-year change of +72.1%. The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level.
Deere's revenues are expected to be $13.48 billion, up 31.2% 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
MRC Global Inc. (MRC): 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. Another stock from the broader Zacks Industrial Products sector, Deere (DE), has yet to report results for the quarter ended October 2022. A quarter ago, it was expected that this energy products distributor would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.
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MRC, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $904 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.13%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%. 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.
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MRC, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $904 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.13%. 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 energy products distributor would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.
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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. A quarter ago, it was expected that this energy products distributor would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%. MRC, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $904 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 2.13%.
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bd89dc75-7f7d-48c4-a4b9-3773023ec184
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720992.0
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2022-11-08 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DE, C, FDX
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-de-c-fdx
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 13,845 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 98.5% of DE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $360 strike put option expiring January 20, 2023, with 441 contracts trading so far today, representing approximately 44,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $360 strike highlighted in orange:
Citigroup Inc (Symbol: C) saw options trading volume of 159,953 contracts, representing approximately 16.0 million underlying shares or approximately 87.9% of C's average daily trading volume over the past month, of 18.2 million shares. Particularly high volume was seen for the $65 strike put option expiring January 20, 2023, with 22,280 contracts trading so far today, representing approximately 2.2 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $65 strike highlighted in orange:
And FedEx Corp (Symbol: FDX) saw options trading volume of 26,498 contracts, representing approximately 2.6 million underlying shares or approximately 84.4% of FDX's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $155 strike put option expiring November 11, 2022, with 3,009 contracts trading so far today, representing approximately 300,900 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $155 strike highlighted in orange:
For the various different available expirations for DE options, C options, or FDX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
URE market cap history
MX Average Annual Return
OCDX 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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That number works out to 98.5% of DE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $360 strike put option expiring January 20, 2023, with 441 contracts trading so far today, representing approximately 44,100 underlying shares of DE. Particularly high volume was seen for the $155 strike put option expiring November 11, 2022, with 3,009 contracts trading so far today, representing approximately 300,900 underlying shares of FDX.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 13,845 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $360 strike highlighted in orange: Citigroup Inc (Symbol: C) saw options trading volume of 159,953 contracts, representing approximately 16.0 million underlying shares or approximately 87.9% of C's average daily trading volume over the past month, of 18.2 million shares. Particularly high volume was seen for the $65 strike put option expiring January 20, 2023, with 22,280 contracts trading so far today, representing approximately 2.2 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $65 strike highlighted in orange: And FedEx Corp (Symbol: FDX) saw options trading volume of 26,498 contracts, representing approximately 2.6 million underlying shares or approximately 84.4% of FDX's average daily trading volume over the past month, of 3.1 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 13,845 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $360 strike highlighted in orange: Citigroup Inc (Symbol: C) saw options trading volume of 159,953 contracts, representing approximately 16.0 million underlying shares or approximately 87.9% of C's average daily trading volume over the past month, of 18.2 million shares. Particularly high volume was seen for the $65 strike put option expiring January 20, 2023, with 22,280 contracts trading so far today, representing approximately 2.2 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $65 strike highlighted in orange: And FedEx Corp (Symbol: FDX) saw options trading volume of 26,498 contracts, representing approximately 2.6 million underlying shares or approximately 84.4% of FDX's average daily trading volume over the past month, of 3.1 million shares.
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Below is a chart showing DE's trailing twelve month trading history, with the $360 strike highlighted in orange: Citigroup Inc (Symbol: C) saw options trading volume of 159,953 contracts, representing approximately 16.0 million underlying shares or approximately 87.9% of C's average daily trading volume over the past month, of 18.2 million shares. Particularly high volume was seen for the $65 strike put option expiring January 20, 2023, with 22,280 contracts trading so far today, representing approximately 2.2 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $65 strike highlighted in orange: And FedEx Corp (Symbol: FDX) saw options trading volume of 26,498 contracts, representing approximately 2.6 million underlying shares or approximately 84.4% of FDX's average daily trading volume over the past month, of 3.1 million shares. Today's Most Active Call & Put Options of the S&P 500 » Also see: URE market cap history MX Average Annual Return OCDX 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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f4112109-13ca-4c51-ad49-34a16bed00c8
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720993.0
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2022-11-07 00:00:00 UTC
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Deere (DE) Gains But Lags Market: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-gains-but-lags-market%3A-what-you-should-know-6
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nan
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nan
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In the latest trading session, Deere (DE) closed at $398.77, marking a +0.93% move from the previous day. This move lagged the S&P 500's daily gain of 0.96%. Elsewhere, the Dow gained 1.31%, while the tech-heavy Nasdaq lost 0.14%.
Coming into today, shares of the agricultural equipment manufacturer had gained 10.93% in the past month. In that same time, the Industrial Products sector gained 7.87%, while the S&P 500 lost 0.41%.
Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. This is expected to be November 23, 2022. On that day, Deere is projected to report earnings of $7.09 per share, which would represent year-over-year growth of 72.09%. Meanwhile, our latest consensus estimate is calling for revenue of $13.48 billion, up 31.16% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 0.28% lower within the past month. Deere currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 14.86. This valuation marks a premium compared to its industry's average Forward P/E of 13.7.
It is also worth noting that DE currently has a PEG ratio of 1.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. In the latest trading session, Deere (DE) closed at $398.77, marking a +0.93% move from the previous day. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date.
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In the latest trading session, Deere (DE) closed at $398.77, marking a +0.93% move from the previous day. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. On that day, Deere is projected to report earnings of $7.09 per share, which would represent year-over-year growth of 72.09%.
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In the latest trading session, Deere (DE) closed at $398.77, marking a +0.93% move from the previous day. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. On that day, Deere is projected to report earnings of $7.09 per share, which would represent year-over-year growth of 72.09%.
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In the latest trading session, Deere (DE) closed at $398.77, marking a +0.93% move from the previous day. Deere currently has a Zacks Rank of #3 (Hold). Wall Street will be looking for positivity from Deere as it approaches its next earnings report date.
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fb991b6f-068d-4c52-a111-60303425ceb9
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720994.0
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2022-11-07 00:00:00 UTC
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Titan International (TWI) Q3 Earnings Surpass Estimates
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DE
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https://www.nasdaq.com/articles/titan-international-twi-q3-earnings-surpass-estimates
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nan
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nan
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Titan International (TWI) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10.20%. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.66 per share when it actually produced earnings of $0.79, delivering a surprise of 19.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $530.72 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $450.38 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.
Titan International shares have added about 37.1% since the beginning of the year versus the S&P 500's decline of -20.9%.
What's Next for Titan International?
While Titan International 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 Titan International: 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 $0.46 on $537.6 million in revenues for the coming quarter and $2.18 on $2.21 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Farm Equipment is currently in the bottom 42% 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 October 2022. The results are expected to be released on November 23.
This agricultural equipment manufacturer is expected to post quarterly earnings of $7.09 per share in its upcoming report, which represents a year-over-year change of +72.1%. The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level.
Deere's revenues are expected to be $13.48 billion, up 31.2% from the year-ago quarter.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Titan International, Inc. (TWI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.66 per share when it actually produced earnings of $0.79, delivering a surprise of 19.70%. Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $530.72 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.59%.
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Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $530.72 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.59%. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.66 per share when it actually produced earnings of $0.79, delivering a surprise of 19.70%. 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.
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Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $530.72 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.59%. 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 wheel and tire supplier would post earnings of $0.66 per share when it actually produced earnings of $0.79, delivering a surprise of 19.70%.
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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. A quarter ago, it was expected that this wheel and tire supplier would post earnings of $0.66 per share when it actually produced earnings of $0.79, delivering a surprise of 19.70%. Titan International, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $530.72 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.59%.
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807ab04f-e81a-4a4f-9bf6-68e9c6a71820
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720995.0
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2022-11-07 00:00:00 UTC
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What's Next For Caterpillar Stock After A 19% Rise In A Month?
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DE
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https://www.nasdaq.com/articles/whats-next-for-caterpillar-stock-after-a-19-rise-in-a-month
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nan
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nan
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Caterpillar stock (NYSE: CAT) is up a solid 19% in a month, significantly outperforming the broader S&P500 index, up just 2%. The rise in CAT stock can be attributed to its upbeat Q3 results. Its top and bottom line were well above our estimates, driven by both sales growth and better price realization. Caterpillar’s revenue of $15.0 billion reflected a 21% y-o-y growth, driven by a 30% jump in resource industries revenue, a 22% rise in energy & transportation, and 19% growth for the construction industries segment. The company’s operating margin also improved by 280 bps to 16.5%.
Overall, Caterpillar’s Q3 results were good, and it expects the momentum to continue in Q4 as well. Given the recently announced results and outlook, we have updated our model and revised our estimates. We expect full-year 2022 revenue to be $58.5 billion and earnings to be $13.91 on a per-share and adjusted basis. We have revised our Caterpillar valuation to $251 per share (vs. $235 earlier), reflecting a 17% upside from its current market price near $215.
Our valuation is based on a forward P/E ratio of under 18x based on our earnings forecast of $13.91 on a per-share basis for the full-year 2022. At its current levels, CAT stock is trading under 15x its forward earnings, compared to the last three-year average of 19x, implying some more room for growth.
But what about the near term?
Given that CAT stock has seen a rise of 19% in a month, will it continue its upward trajectory, or is a fall imminent? Going by historical performance, there is a lower chance of a rise for CAT stock over the next month. A move of 19% in a month has occurred 21 times in the past ten years. Of those instances, only four resulted in CAT stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 4 out of 21, or about a 19% chance of a rise in CAT stock over the next month. See our analysis of Caterpillar Stock Chance of Rise for more details.
Calculation of ‘Event Probability‘ and ‘Chance of Rise‘ using the last ten years’ data
After moving 9% or more over five days, the stock rose on 42% of the occasions in the next five days.
After moving 16% or more over ten days, the stock rose on 25% of the occasions in the next ten days.
After moving 19% or more over a twenty-one-day period, the stock rose on 19% of the occasions in the next twenty-one days.
This pattern suggests a lower chance of a rise in CAT stock over the next five, ten, and twenty-one days.
Caterpillar (CAT) Return (Recent) Comparison With Peers
Five-Day Return: TEX highest at 9.2%; ASTE lowest at -15.8%
Ten-Day Return: TEX highest at 16.4%; ASTE lowest at -6.2%
Twenty-One Day Return: TEX highest at 19.4%; CNHI lowest at -2.3%
While CAT stock has more room for growth, it is helpful to see how Caterpillar’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis and recent market volatility have created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for Marine Products vs. Tempur Sealy.
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 Nov 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
CAT Return -1% 4% 131%
S&P 500 Return -5% -23% 64%
Trefis Multi-Strategy Portfolio -4% -25% 196%
[1] Month-to-date and year-to-date as of 11/3/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At its current levels, CAT stock is trading under 15x its forward earnings, compared to the last three-year average of 19x, implying some more room for growth. Caterpillar stock (NYSE: CAT) is up a solid 19% in a month, significantly outperforming the broader S&P500 index, up just 2%. Given the recently announced results and outlook, we have updated our model and revised our estimates.
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Caterpillar stock (NYSE: CAT) is up a solid 19% in a month, significantly outperforming the broader S&P500 index, up just 2%. Given the recently announced results and outlook, we have updated our model and revised our estimates. We have revised our Caterpillar valuation to $251 per share (vs. $235 earlier), reflecting a 17% upside from its current market price near $215.
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Caterpillar stock (NYSE: CAT) is up a solid 19% in a month, significantly outperforming the broader S&P500 index, up just 2%. Given the recently announced results and outlook, we have updated our model and revised our estimates. We have revised our Caterpillar valuation to $251 per share (vs. $235 earlier), reflecting a 17% upside from its current market price near $215.
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Caterpillar stock (NYSE: CAT) is up a solid 19% in a month, significantly outperforming the broader S&P500 index, up just 2%. Given the recently announced results and outlook, we have updated our model and revised our estimates. We have revised our Caterpillar valuation to $251 per share (vs. $235 earlier), reflecting a 17% upside from its current market price near $215.
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2022-11-07 00:00:00 UTC
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Beat the Market the Zacks Way: McDonald's, Deere, Autozone in Focus
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Wall Street closed a losing week on fears that the Fed would continue to hike rates. The Dow Jones Industrial Average lost 1.4% in the week, snapping a four-week winning streak. The S&P 500 and the tech-heavy Nasdaq Composite shed 3.4% and 5.7%, respectively, breaking a two-week winning run.
Treasury yields continued to rise in the apprehension of an economic slowdown, with the U.S. 10-year benchmark yield marking its 13th weekly gain in the last 14 weeks. Investors remained concerned about economic data, which is still not convincing enough for the Fed to contemplate going slow on its rate hikes.
Moreover, Fed Chair Jerome Powell asked the market on Wednesday to stop obsessing over how fast the rates were rising and focus instead on the levels they were reaching. Interpreting this as a pushback from the recent dovish signs from the Fed, markets fell.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
Titan Machinery, Koppers Holdings Surge Following Zacks Rank Upgrade
Shares of Titan Machinery Inc. TITN have gained 9.4% since it was upgraded to a Zacks Rank #1 (Strong Buy) on August 16.
Another stock, Koppers Holdings Inc. KOP, was upgraded to a Zacks Rank #2 (Buy) on August 8and has returned 16.6% since then.
Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
This stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988.You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>
Check Titan Machinery’s historical EPS and Sales here>>>
Check Koppers Holdings’ historical EPS and Sales here>>>
Image Source: Zacks Investment Research
Zacks Recommendation Upgrade Drives China Automotive and Old National Higher
Shares of China Automotive Systems, Inc. CAAS and Old National Bancorp ONB have gained 33.8% and 7.3% since their Zacks Recommendation was upgraded to Outperform on August 16 and August 17, respectively.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Model Portfolio Stocks Rollins, Deere Soar High
Shares of Rollins, Inc. ROL, which belongs to the Zacks Focus List, have gained 14.4% over the past 12 weeks. The stock was added to the Focus List on January 7, 2019. Another Focus-List holding, Deere & Company DE, which was added to the portfolio on July 25,2017, has returned 9.2% over the past three months.
The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.
Since its inception on February 1, 1996, the Focus List portfolio has delivered an annualized return of +12.9%.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
Zacks ECAP Stocks AutoZone, Monster Beverage Deliver Solid Returns
AutoZone, Inc. AZO, a component of our Earnings Certain Admiral Portfolio (ECAP), jumped 10.5% over the past 12 weeks. Monster Beverage Corporation MNST followed AutoZone with 9.7% returns.
ECAP is a model portfolio of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks.
With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stocks McDonald’s, Starbucks Outperform Peers
McDonald's Corporation MCD, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 5.9% over the past 12 weeks. Another ECDP stock, Starbucks Corporation SBUX, has climbed 5.3% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid the heightened market volatility contributed to this performance.
Check McDonalds’ dividend history here>>>
Check Starbucks' dividend history here>>>
With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk. The ECDP has consistently outperformed the S&P 500 Dividend Aristocrats ETF NOBL.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Starbucks Corporation (SBUX): Free Stock Analysis Report
McDonald's Corporation (MCD): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
Titan Machinery Inc. (TITN): Free Stock Analysis Report
Koppers Holdings Inc. (KOP): Free Stock Analysis Report
Monster Beverage Corporation (MNST): Free Stock Analysis Report
Rollins, Inc. (ROL): Free Stock Analysis Report
Old National Bancorp (ONB): Free Stock Analysis Report
China Automotive Systems, Inc. (CAAS): Free Stock Analysis Report
ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid the heightened market volatility contributed to this performance. Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market. As usual, Zacks Research guided investors over the past three months with its time-tested methodologies.
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Here are some of our key achievements: Titan Machinery, Koppers Holdings Surge Following Zacks Rank Upgrade Shares of Titan Machinery Inc. TITN have gained 9.4% since it was upgraded to a Zacks Rank #1 (Strong Buy) on August 16. Image Source: Zacks Investment Research Zacks Recommendation Upgrade Drives China Automotive and Old National Higher Shares of China Automotive Systems, Inc. CAAS and Old National Bancorp ONB have gained 33.8% and 7.3% since their Zacks Recommendation was upgraded to Outperform on August 16 and August 17, respectively. Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
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To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Model Portfolio Stocks Rollins, Deere Soar High Shares of Rollins, Inc. ROL, which belongs to the Zacks Focus List, have gained 14.4% over the past 12 weeks. Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market. As usual, Zacks Research guided investors over the past three months with its time-tested methodologies.
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To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Model Portfolio Stocks Rollins, Deere Soar High Shares of Rollins, Inc. ROL, which belongs to the Zacks Focus List, have gained 14.4% over the past 12 weeks. Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market. As usual, Zacks Research guided investors over the past three months with its time-tested methodologies.
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2022-10-29 00:00:00 UTC
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Company Report Roundup: Tesla, Tractor Supply, American Express, and More
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In this podcast, Motley Fool senior analysts Emily Flippen and Ron Gross discuss topics including:
Pinterest, Meta Platforms, and Alphabet getting dragged down by Snap's bad news
American Express shares falling despite increased full-year guidance
Boston Beer's strong third-quarter report
The latest from Microsoft, Netflix, Tesla, and Tractor Supply
They also dip into the Motley Fool Mailbag and discuss:
Medical device pure plays
Investing books they recommend
Surprising economics of pumpkin spice
The latest from McDonald's and Keurig Dr Pepper
Stocks they're more bullish on
Two stocks on their radar: ASML Holding and Blackstone
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 Snap Inc.
When our award-winning 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.*
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*Stock Advisor returns as of September 30, 2022
This video was recorded on October 21, 2022.
Chris Hill: We've got stocks we're feeling more bullish on and investing books for your reading list. Motley Fool Money starts now.
From Fool Global headquarters, this is Motley Fool Money. It's the Motley Fool Money radio show. I'm Chris Hill. Joining me: Motley Fool Senior Analysts Emily Flippen and Ron Gross. Good to see you both.
Ron Gross: How are you doing, Chris?
Emily Flippen: 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 a ripple effect in social media and advertising. Snap, the parent company of Snapchat, posted third-quarter results that included a slight miss on expected revenue. But the company said it expects revenue to slide further in the fourth quarter, and shares of Snap fell 30% on Friday. The ripple effect is that shares of Pinterest, Meta Platforms, and even Alphabet fell on Friday on concerns of a pullback in marketing spend.
Emily, where do you want to start?
Emily Flippen: Let's start with Snapchat's quarter. Because at face value, this quarter wasn't all that bad. They posted adjusted profitability, revenue only barely missed expectations and the daily average users actually blew it out of the water. They grew 19% in the quarter. That's what Snapchat wants investors to focus on.
However, even despite the strong performance and the platform itself, revenue growth of only 6% is a reminder about just how challenging the ad market is. In particular, how Snapchat is monetizing their users.
But I will say as much as this is an influx of the ad market and budgets being cut across the board, some of this is still Snapchat specific. Management knows that they have more than 75% of all 13- to 34-year-olds in 20 countries across the world on their platform. They say that group represents 50% of all advertising spend.
If that's the truth, which I expect it is, why are they having such a hard time monetizing those users? Because the market is there, the users are there, but their revenue growth is not. Their guidance for continued deceleration in revenue growth is indicative of that.
But to your point, Chris, it comes down to the question of, well, this ripple effect. There are times when a ripple effect makes sense, but in order to figure that out, figure out whether or not those problems are company specific or broader.
The ripple effect is happening right now because so much of the impact of the ad market is because of privacy changes that Apple instituted last year. It's made it harder for companies to justify ad spend in terms of return on investment. Those metrics they were using to justify getting that ads spend on their platform, they're just not there anymore.
But also, let's use some common sense. Snapchat is not the same as Facebook or Meta and Pinterest, this is only partially impacted by Apple's ad spend, as Snapchat has been struggling to monetize its users for a really long time now. For instance, in February 2021, before Apple made these changes, Snapchat's average revenue per user was around $3.44 per user. Snapchat or Pinterest at the same time was $4.26, Facebook was over $11, fast-forward to today, Snapchat's ARPU has fallen to $3.11 versus nearly $6 for Pinterest and still over $11 for Facebook. This is a Snapchat-specific issue.
Ron Gross: I agree with what Emily said about the ripple effect or the bleed-over to other companies. Sometimes it makes sense, but you have to be careful. I think for example if you think capex is going to slow or industrial spending is going to be weak and Caterpillar comes out and lowers its guidance, well, then you might want to take a look at Deere as well. But Cat and Deere don't have exactly the same business models by any means, so they may not be impacted in the same way. You need to understand that. The same if Macy's says the holiday season looks weak, then it will likely be weak across most retailers, but not necessarily all of them. You want to look at the dollar stores or TJX to see if you believe the same thing would happen.
I will say that truly long-term investors that invest across cycles probably can ignore a lot of this, as long as there is nothing going on that signals a permanent impairment or a paradigm shift that will impact and sink all the boats. You have to differentiate between cyclicality and permanent shifts.
Chris Hill: Emily, just to wrap up on this topic, obviously, we've been hearing for months now major consumer brands talking about pulling back on the marketing spend. That's a lever that they can control to a much greater degree. We saw that this week with Procter & Gamble, which is one of the biggest advertisers out there. Second quarter in a row, they're pulling back in terms of their spend on radio. But I look at Alphabet falling even just a little bit, and I think really? People are going to pull back on the digital spend with a company that's been doing it so long and so well as Google?
Emily Flippen: No company is insulated from a pullback in advertising spend. But the companies that will gain market share and do the best are the ones that can show that they have the best return on investment on advertising dollars. Snapchat, for a long time now, has proven that's not the case. Versus, to your point, companies like Alphabet, even companies like Meta, they have a long history of providing good returns on investments and capital that has been allocated to their advertising spend on those platforms. I don't expect for that to change.
Chris Hill: Third-quarter profits in revenue for American Express came in higher than expected. The financial service company also raised guidance for the full fiscal year, saying that consumer spending remains strong. Despite all that good stuff, Ron, shares of American Express fell 7% on Friday. What gives?
Ron Gross: It was a solid report, and it did beat expectations. But I think the sell-off is because Amex is building up their loss provisions to prepare for potential defaults in a weakening economy. That's what investors appear to be focused on.
But the quarter was very solid. Revenue was up 24%, with total volume up 19%. They added 3.3 million proprietary cards. Acquisitions of U.S. consumer platinum and consumer gold cards and business platinum cards each hit record highs. Millennials and Gen Z customers are the fastest-growing demographic; they comprised more than 60% of the acquisitions this year. But they're seeing the strength in the economy impact their business in a positive way. Demand for leisure travel has stayed resilient despite sky-high airfare prices, which if you've traveled at anytime recently, my gosh, it seems crazy.
Business travel has started to increase as people will start to move away from the 100% Zoom experience. They also saw growth in travel and entertainment and international markets. Expenses were also up as they spent on customer awards, compensation, marketing. But net income was up 3% when you boil that all down. But earnings per share was actually up 9% because there were lower shares outstanding from share buybacks. As you mentioned, they did raise full-year guidance, even in building in those bigger provisions, which are now at $778 million for the third quarter. That was higher than what analysts were expecting. That was around $600 million, the expectations, so a decent amount higher because they're concerned, and that's why the stock is selling off.
Chris Hill: Shares of Netflix up 20% this week after third-quarter profits and revenue came in higher than expected. On top of that, Emily, Netflix's new ad tier starts on November 3rd, and management is projecting a lot of optimism for their ad business.
Emily Flippen: A lot of optimism and not much else there, Chris, because they're saying they're not expecting a material contribution next quarter from the launch of their ad network here. I'd caution against too much optimism for Netflix as a result of this quarter, because the changes that management is proposing didn't show up in the financial results of this quarter. In fact, even if the ad tier, the changes they had to monetization of existing users, if those never were proposed, they would probably still have a strong quarter this quarter.
A lot of what the markets responding to here is actually a growth in the number of subscribers versus a decline in the previous two quarters. It surprised the market. I think they added nearly 2.5 million subscribers in the quarter, which is pretty significant. Most of them non-U.S. or North American customers, which are monetized at a lower rate. But it did show that there's still interest in the content that Netflix is putting out.
What I will say, though, is that growth does need to be really reaccelerated. This quarter showed a 6% increase in revenue growth. Next quarter, they're guiding for around a 1% increase in revenue growth. There's really only two things that Netflix can do to reaffirm that this company can be a growth company and its valuation can reflect that potential future.
One is to get new subscribers on the ad tier. They need to be really careful with this because they don't want existing subscribers to downgrade. That's not a good thing for Netflix. They want to get new customers at a lower price tier that they wouldn't have otherwise achieved.
The second way is through better monetization of existing users, which can be achieved through price increases but seems to be more likely to be achieved through better monetization of people using password-sharing techniques. Finding a way to get those people who aren't paying right now to pay for those services.
Both of those will take a lot of quarters to start to show up in Netflix's financial results. Until we have clarity on those initiatives, I think it's too early to be saying that this is a complete turnaround.
Chris Hill: You mentioned the revenue growth that they're projecting for the next quarter coming in at just 1% higher. This also comes at a time where the management of Netflix was very clear on the most recent call, saying, "Don't focus on our subscribers. We're not going to be providing guidance on that anymore. We want you to focus on our revenue and our profit."
Emily Flippen: Unfortunately, I don't think this is one of the things that management knows. They're probably saying, "Hey, we can't guide for subscribers" because they're aware of the fact of just how saturated they are in the market right now. If the past two quarters have taught them anything, it's that giving poor guidance for subscriber growth is going to hurt the company and its perception. They do want to focus on monetization because that's where they have a bit more control versus the net quarterly subscriber additions.
Chris Hill: Microsoft is one of the biggest companies in the world, but that doesn't mean it's immune to economic challenges. This week, the software giant started laying off some employees, though the total number is reportedly less than 1% of the overall workforce.
I know it's not a significant number, Ron, but it is a bit sobering to see such a profitable business making cuts like this.
Ron Gross: Yeah. It's a lot of people. They have over 200,000 employees, so 1% is still a fair amount of people. But you're right, a lot of people think about Microsoft as immune to economic downturns or as perhaps recession-proof, but no company is truly safe from slowdowns and weaknesses. At the time, CFO Amy Hood said they would slow the rate of hiring in addition to letting about 1% of the workforce go. They said it was part of their regular adjustment at the start of its fiscal year. That might be true. Again, as you mentioned, it is only 1%.
But Microsoft did show some weakness in its latest quarter, slowed down in the Cloud business, declining video game sales, effects of a strong dollar definitely impacted them. Then all the usual suspects, supply chain disruptions in China, effects of Russia invading Ukraine, upheaval in the digital advertising market. A lot of things that showed a little bit of a chink in the armor of Microsoft. But at the time, the company did give an upbeat guidance, saying double-digit percentage increases in operating income when you adjust for currency still was in the works. They report next week, October 25. That's going to be a really interesting report to watch out for.
Chris Hill: It seems weird to say about a company this big and this dominant, but 2023 is shaping up to be an important year for Microsoft. When you think about, as you pointed out, the Cloud revenue coming down and can they reverse that? Also, 2023 is when everyone is expecting a decision on the Activision Blizzard Acquisition and what, if anything, that does to reinvigorate Microsoft's gaming segment.
Ron Gross: Yeah. I mean, Microsoft will remain a major player in cloud behind Amazon. It's just a matter of does cloud in general of slowing growth. Certainly, it will be around for the foreseeable decades. It's just a matter of what kind of growth.
Then they are hanging their head a little bit on the revival of their video game business. It'll be interesting to see if we get any guidance on that next week. We probably, maybe we'll get a sentence or two, but I think they'll focus more on, on cloud and maybe the PC business, and then we'll see where we go from here.
Chris Hill: More earnings after the break, so stay right here. You're listening to Motley Fool Money.
[music]
Welcome back to Motley Fool Money. Chris Hill here with Emily Flippen and Ron Gross. Shares of Tesla down a bit this week after third-quarter revenue came in lower than expected. But Elon Musk says the company has excellent demand for the fourth quarter. Emily, maybe a strong end to the fiscal year.
Emily Flippen: Yeah the quarter was bad, but management's guidance was pretty upbeat. I shouldn't say the quarter was bad. I will say, well, earnings came in at nearly half a billion less than expectations, so a pretty big miss on the top line. They still dramatically beat on the bottom line. Automotive revenue increased 55%, which more than outpaced an operating expense increase of around 30%, which contributed to earnings being pretty significant in the quarter. That alone was strong.
But to your point, Chris, management has been pretty aggressive, I think, with their targets. They continue to say that demand outstrips supply and that they're really confident that all of the production that they're putting out, even with the bottlenecks they're experiencing right now in terms of end-of-quarter deliveries, that those will ease up as the quarter goes on as we come in through the end of 2022 and that the production they're putting out today will match the demand that they're seeing in the market.
What is interesting is that Musk did make a comment on the call as is here par for the course for Elon Musk here. Yes. But his comment got a lot of markets attention. He said that he believes the market cap of Tesla will far exceed the market cap of Apple. In fact, he sees a path for it to be worth than Apple and [Saudi] Aramco, the two largest companies in the world combined. That's more than $4 trillion.
But I will say, I think it's pretty outrageous to think about that today, but a lot of things are outrageous to think about today. There's no denying that an order for Tesla to justify its current valuation, they're going to need to be one of, if not the largest automaker in the world with extremely efficient production. Every day, it seems like they're taking a step in that direction. There's a lot of untold optionality in their data services, so things like self-driving and batteries. If you're a believer in this business, I don't see this quarter as changing course for anyone.
Chris Hill: Mixed third-quarter results for Tractor Supply. Profits were higher than expected, revenue was a bit light, but Tractor Supply raised guidance for the full fiscal year, and that seemed to give the stock a little bit of a boost, Ron.
Ron Gross: Yeah, but you are completely right. A bit of a mixed quarter. Sales were up around 8% and comp-store sales are up almost 6%. Now that's down from 13% last year, but last year was quite strong, coming out of COVID. Sales were driven by comparable average ticket growth of 7%, but we saw a decline in average transaction count by about 1.3%. There's a little bit of a mix. You also had gross margins and operating margins fall a little bit on higher costs, transportation costs. They were able to offset some of that by higher prices. But they're raising compensation, hourly wages, benefits. You did see a little bit of a hit to margins. Earnings per share were helped by a lower tax rate, lower share count, which actually lead to growth of almost 8%, so not bad.
As you mentioned, management did raise guidance, mostly as a result of a recent acquisition that they completed. But they say they continued to gain market share but did delay some store openings due to some external conditions in real estate and construction industries. But overall, I think the company remains pretty solid: 18 times earnings 1.9% dividend yield.
Chris Hill: Shares of Boston Beer Company up more than 12% on Friday. The parent company of Sam Adams beer posted third-quarter profits and revenue that were higher than Wall Street was expecting, and Boston Beer also raised guidance, Emily.
Emily Flippen: It's always funny to me to think about how short our memories are. Because Boston Beer has always been a very lumpy business and it has this cycle to it. They hit on a trend, sales go crazy, and knowing that stops, the market's like, "I'm calling time of death on this business, the stock." That's what they are doing around this time last year. But when the business performance reminds investors that they still have a pulse, it's like the stock slowly gains until it hits on the next big thing, and then it goes crazy again, and we find ourselves in this repeating cycle. That's what we saw over the past year at the move to seltzer.
But I will say even though this quarter was a step in the right direction, growth was not stellar compared to years past. Depletions declined 6%, which again was better than expected, but net revenue rose only around 6% in the quarter. Gross margins have improved, so steps in the right direction. Depletion growth has been helped by brands like Twisted Tea and Hard Mountain Dew, believe it or not, making up for the declines are somewhat making it for the declines in truly. But what is important for this business is just finding out what the next best thing is, which, unfortunately, we don't know what it is today, but I'm a believer in Boston Beer, and I think they'll get there.
Chris Hill: They do have a pretty good track record in terms of their acquisitions of expanding outside of just the traditional beer category.
Emily Flippen: Interestingly enough, we cite Dogfish Head as an example of one of those good acquisitions. They didn't have to write down that acquisition a little bit in this quarter, which is not unusual for a company who makes an acquisition of that size a number of years later. But they're still seeing a decent amount of depletions growth from that brand. Not all bad from Boston Beer.
Chris Hill: Up next, we're going to dip into the Fool Mailbag, so stay right here. You're listening to Motley Fool Money.
[music]
Chris Hill: Welcome back to Motley Fool Money. Chris Hill here with Emily Flippen and Ron Gross. Before we get to the Fool Mailbag, this week, McDonald's announced it is going to test the sale of Krispy Kreme Doughnuts at nine locations in Louisville, Kentucky. Ron, I'm intrigued by this, not because I'm a shareholder of either McDonald's or Krispy Kreme, and not just because I occasionally enjoy a Krispy Kreme doughnut. But this is not the typical test by McDonald's. When they test things, it's usually on their own, it's not that often that they're bringing in a partner like this.
Ron Gross: Yeah, and the way Krispy Kreme works is they'll deliver the doughnuts from local Krispy Kreme bakeries in the area -- and they're doing this with three flavors, by the way, original glazed chocolate ice and raspberry filled. I'm not a fan of the raspberry filled there, but do it you want; it's your business. They'll deliver them from local bakeries, which is all well and good.
They already distribute goods to lots of third-party stores that delivered fresh daily program, they call it DFD, reached more than 5,500 domestic doors in the second quarter, so that's quite a bit. But if this ends up working, I'm not convinced Krispy Kreme would be able to use their DFD system in a wide national rollout. That would add 13,000 doors overnight, more than tripling that business, for Krispy Kreme, which is awesome, but awesome could also create massive problems, and it could really break their system. We'll see how it goes, and then they'll have to plan accordingly so they don't turn a potentially great thing into a troubling one.
Chris Hill: I'm happy to hear you say that, because that was one of my reactions when I saw this story. I thought, they're going to test this, and if it works, does Krispy Kreme have the capacity to go national with McDonald's on this, or is it just going to be a regional thing?
Ron Gross: I think it would have to start out regional. If you go right to national, I think it breaks pretty quickly. Let's see if it's successful. I'm more focused on the adult happy meal right now. I don't know if you've tried it. The little figurines, Grimace. All the guys are there and girls. But don't sleep on McDonald's. It's only down 6% from their 52-week high with a 2.4% dividend yield, so not too shabby.
Chris Hill: Our email address is podcasts@fool.com. That's podcasts@fool.com. We got a question from Ronald, who writes, "I was wondering about your thoughts on medical device companies. With a global ageing population, people are going to need knees and hips replaced. During COVID, I took a look at Stryker, Medtronic, and Zimmer Biomet. I opted out of Johnson and Johnson because it's such a conglomerate and I wanted more pure plays. Are there any medical device companies that you're interested in?"
Thank you for the question, Ronald. Thank you for listening.
Some solid thinking on his part, Emily, because yeah, I mean, J&J does have that medical device division, but if you're thinking just pure play, as strong a business as J&J is, it's not the way to go.
Emily Flippen: It's the medical device and med-tech industry right now, I think it's really intriguing for exactly the reasons that Ronald mentioned. We have an aging population, an increasingly unhealthier population, unfortunately, which does open up opportunity for companies to help treat some of these chronic diseases with new medical devices.
The one that's on my radar right now is actually ResMed the ticker's RMD. For people who are familiar with this business, they help treat respiratory diseases like sleep apnea, which is the majority of their business, which is to say they sell CPAP machines. These are machines that push air through somebody's system while they're sleeping to prevent their throats from closing up.
It's actually a pretty chronic disease that relatively under-diagnosed and not just in the United States but across the world. At least if you have ResMed to believe and if they're able to extend their lead as one of the largest CPAP makers while increasing the diagnoses of sleep apnea, it's easy to see a big opportunity here for the business.
I will say, I have questions about the CPAP industry, but right now, is the first step in line for treatment of sleep apnea, the alternatives on the market right now are hard palate surgery, not a first line of defense, so they're affordable, accessible, and reimbursable by insurance.
Chris Hill: To that point, Emily, I know a couple of people who have sleep apnea have these machines. To what you were saying, the diagnosis really is the crucial part there. Is ResMed involved in helping to get people to the point where they are going in for a diagnosis? Because otherwise, you're just relying on, if you sleep in the same bed as someone else, you're relying on them.
Ron Gross: Did my wife call you, Chris?
Chris Hill: I'm not saying that, but are they involved in the diagnosis front as well?
Emily Flippen: This is a good question and one where I get a little bit questionable about the entire industry. The majority of people who are diagnosed with sleep apnea experience other symptoms, most the time, sleepiness during the day. They're not sleeping well, so they go to the doctor and they say, hey, I'm having these symptoms. What doctors will often do is identify the signs of sleep apnea and then ask that they go to a sleep clinic. This is a place where they're staying overnight and having experts watch their blood oxygen and other critical metrics over time to see if they have sleep apnea.
Now, ResMed and other CPAP producers do help fund these sleep clinics, so this is where it gets a little bit questionable, so you can say they have a hand in helping increase the number of diagnoses.
Ron Gross: I may or may not have done one of these sleep tests before, but I was able to do it at home, which was not as controlled, but it was certainly better than having to go to a clinic.
Emily Flippen: If I can expand on that, 90% of ResMed's revenue comes from CPAP machines and the things that need to be replaced in the machine like masks, filters, tubes, that sort of thing. But another 10% of their revenue actually comes from software that people in clinics will use to do remote testing of things like sleep apnea, and that's an increasing part of their business.
Chris Hill: Never ask your barber if you need a haircut. I hear what you're saying.
Emily Flippen: Exactly.
Chris Hill: Question from Cole, who writes, "Can the Motley Fool Money team recommend some investing-related books? I trust the team's preferences."
I appreciate the confidence, Cole. Thank you for that. Ron, what do you got?
Ron Gross: We could do a whole show on great investing books. I won't do that, but I will mention a bunch. I would start off with the essays of Warren Buffett. Just give yourself some grounding in the Oracle of Omaha's sage words. It's really important to go back and read what he's written over time. Then I would move on to what are called the Little Books, which are literally Little Books on a wide variety of topics. I especially like The Little Book of Common Sense Investing, The Little Book That Beats the Market, and The Little Book on Valuation.
Few more, One Up on Wall Street by Peter Lynch is a classic. It'll set you up for a lifetime investing. Intelligent Investor, a little more tricky to get through, but that's the bible for value investors, I think you should flip through that.
Finally, a plug for The Psychology of Money written by Fool contributor Morgan Housel, with the audiobook narrated by our very own Mr. Chris Hill.
Chris Hill: You didn't have to say that, but I appreciate it.
Ron Gross: But I think it's a great book.
Chris Hill: I'm going to slip you 20 bucks after the show. But yes, having read it several times myself, I agree. Emily, what do you think?
Emily Flippen: Well, I like my books big, no, I'm just joking. But the one that's been on my radar recently is Ken Fisher's of Fisher Investments, the Markets Don't Forget (But People Do), the title of one of his books. It really highlights just some of the really dangerous tendencies of retail investors to believe that this time is different. I think it's topical right now because with the global crisis, we're having crazy inflation, hiking interest rates, the pandemic. It's easy to think, well, we're not going to come out of this, or if we do come out of this, things are going to be different. This time in the market is different than all the other times in the past. That mentality can lead investors to make big mistakes, like selling when the market's down, failing to buy when the market starts increasing. It's a testament to long-term investing, so if you're feeling yourself maybe a bit more afraid because of whatever is going on around us in the world right now, I definitely recommend it.
Chris Hill: This past Monday, I had the pleasure of speaking to the Boston College Investment Club, a very impressive group of young investors. I want to say a quick thanks to the student leaders of the club, Jack, Nick, and Annabel. They were great to work with.
This was a question I got, and I mentioned The Big Short by Michael Lewis. Because the movie is great, I love the movie. Michael Lewis is such a great writer. And The Big Short, I think for investors, does such a wonderful job of illustrating both how pervasive groupthink is on Wall Street and how this interesting group of investors cut through the group thing. We're able to see the crash that was coming in the housing market.
One more question from Dana in Massachusetts who writes, "What is something you are more bullish on now than you used to be?"
Emily, I'll start with you.
Emily Flippen: Mine is actually a company and that company is Sweet Green, the ticker is SG. I talked about it on the show before, but when this company went public, I was extremely skeptical of it, bearish, I can say, on Sweet Green because I didn't believe in the concept of $15 salads and their ability to succeed and these lofty goals of having more than 1,000 stores, mainly suburban locations. I just thought, this isn't a chicken burrito, this can't succeed. And while the stock has certainly not succeeded and they've had a medley of issues since going public.
One of the things that has surprised me that I'd become increasingly bullish on is the performance of their suburban locations, stores. They're actually outperforming their urban locations at a lot of critical metrics, it really surprised me. I've clearly underestimated the health consciousness of the suburban markets, and so for that, I apologize. But I do think if they can even get to a fraction of the expansion that they're expecting they could get, we could be looking potentially, and I say this cautiously, at a tiny little Chipotle here.
Ron Gross: As someone who had Sweet Green twice this week, I would wholeheartedly agree. They put out a good product, and that's the start for any good business.
Emily Flippen: Your pocketbooks might believe, though.
Ron Gross: It's true.
Chris Hill: Ron, what about you? What's something you're more bullish on now than you used to be?
Ron Gross: I have become more bullish on financials in general and individual financials in particular. Listeners would know, in the past, I've said the only way I play financials is through ETFs, like FNCL, for example, I've mentioned that before on the show. But lately, because of rising interest rates and my desire to add some solid dividend stocks to my portfolio, I've dipped my toe into some individual stocks like JPMorgan and Blackstone. I even going to be careful because I'm not smart enough to really understand what some of those balance sheets could be hiding, especially for some of those larger banks. Community banks are a little bit easier to understand. So I'm going to be careful but I've started to widen out my desire to put individual financial stocks into my portfolio.
Chris Hill: After the break, we've got two radar stocks for your watch list and one new beverage for pouring down the drain. Stay right here. You're listening to Motley Fool Money.
[music]
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 with Emily Flippen and Ron Gross.
Ever since Starbucks introduced the pumpkin spice latte nearly 20 years ago, pumpkin spice has only grown in popularity, showing up in everything from breakfast cereal to seltzer. With increased spice comes increased prices. A pumpkin spice latte at Starbucks costs 18% more than a regular latte. But Emily, that is nothing compared to the markups that are happening at Trader Joe's, where pumpkin spice hummus costs 50% more than regular hummus, and tiny pretzels, the markup is 160%. I love Trader Joe's, but holy cow, that's borderline price gouging.
Emily Flippen: Hey, look, turkey also costs a lot more over Thanksgiving. But don't rob me of my little luxuries. Don't make me feel bad about the fact that I'm spending 50% more on pumpkin spice hummus. This is the price that we pay for the little luxuries. And this is the best part of my year. I would like to enjoy it guilt-free. I don't need to be reminded about the cost of my pocketbook, Chris. I don't appreciate this story at all.
Ron Gross: Pumpkin spice has never been something that appealed to me. I get that I'm in the minority here because it seems to be taking the world by storm each year. Starbucks sold more than 500 million pumpkin-flavored lattes since they introduced it. Yes, I'm in the minority here, but I'm still going to stick to my guns and say I just don't get it.
Chris Hill: I'm not looking to guilt-trip you for your indulgences, Emily. But to that point, this is why we see these limited-edition products. They can come in for a short amount of time. They can charge a little more, it gives a little bit of a boost. This is why we see all these tests, right?
Emily Flippen: Certainly. Look, if you can get a little extra penny out of your consumers, then you definitely should do that. I'll tell you what, consumers love it for the most part. There are pumpkin spice hauls from Trader Joe's on a pretty routine basis. It's working.
Chris Hill: When it comes to soft drink companies, the best-performing stock over the past year is not Pepsi or Coca-Cola. It's Keurig Dr Pepper. Maybe that success has led to hubris, because this week, Dr Pepper unveiled a new-limited edition soft drink: Dr Pepper Bourbon-Flavored Fansville Reserve. It is a promotion for the company's rewards program called Pepper Perks.
I get what they're doing in terms of trying to get more people into their rewards program, Ron. But I am still amazed that they decided to develop a nonalcoholic bourbon drink.
Ron Gross: "Flavor that evokes sweet, savory, and woody notes with subtle hints of cherry vanilla, chocolate, and caramel."
I don't buy it for a second. I've tasted these nonalcoholic beverages before. They just don't do it. Maybe it's OK if you mix it with Dr Pepper, which is great, and Diet Dr Pepper is great, too.
This seems to be just playful, and it will be short-lived for a small amount of people who have to log in and enrolling their Perks Program, like you said, you have to scratch it off to win a can and some prizes. It's playful, but I don't think it's going to last.
Chris Hill: Emily, if I'm a Keurig Dr Pepper shareholder, I think my question is, This is the idea that won? You had a pitch contest, you got a group of people together say, we need to limited-edition thing, and this is what they came up with?
Emily Flippen: If I'm a Keurig Dr Pepper shareholder, the bar is low for me, because here's my thought. This is, as you mentioned, a poorly veiled attempt to get people into their Pepper Perks program. Here's what I did for our listeners. I signed up for you. I'll tell you about this experience.
Because let's say that you're interested in having this Bourbon Flavor Dr Pepper of which I guess if I was given it, I would have a sip. I signed up, which by the way, I did on my computer here in the office, signed right in need my phone, email address, name put all that stuff in, and then I went in, signed off, scratched off my ticket. I didn't win.
But I was curious. What if I go by myself at Dr Pepper? Can I get some loyalty points for this? I hiked my butt down to our local 7-Eleven, purchased myself a Dr Pepper, and promptly left. Then I realized halfway on the walk back that I forgot my receipt, which I need to prove my purchase of my Dr Pepper. I went back to 7-Eleven. They kindly printed me off a copy of my receipt. I came back, I uploaded it, and I was told "Your perks points will be reviewed in the following day."
I wait for my perks point to come in. I look at what I can redeem them for. And I'll tell you what, this has to be the worst loyalty program I have ever seen. The rewards -- most of them, by the way, are completely sold out. You can't redeem for anything of any tangible value. The only thing that looked attractive was for 60 points or six Dr Peppers, you could award a $10 Uber Eats Gift Card, but you can only reward it once.
There you go. Don't waste your time.
Chris Hill: Wow.
Let's go to our man behind the glass, Dan Boyd. Dan, before we get to radar stocks, any thoughts on either of these stories?
Dan Boyd: I have a problem with Dr Pepper marketing, Chris. The whole Fansville idea where Dr Pepper's some drink you drink at a tailgate is completely ridiculous. I've been to many, many tailgates in my life, Chris, and we're not drinking soda if you understand what I'm saying.
Chris Hill: I absolutely do.
Let's get to the stocks on our radar real quick. Ron Gross, you're up first. What are you looking at this week?
Ron Gross: As I mentioned earlier, a stock I recently bought a little of is Blackstone, BX, the world's leading investment manager focusing on alternative investments like real estate, private equity, and credit and insurance products. They've got a great business model that has reliable fee revenue. They have performance-based incentives that can dramatically increase profits. They pay a regular dividend that does fluctuate year after year. They recently announced that they were going to cut it somewhat, but it still stands at a healthy 4.3%. For those that are looking to add some dividend exposure to their portfolio, one that will do well in good times and bad times, I think, I would take a look at Blackstone.
Chris Hill: Dan, question about Blackstone?
Dan Boyd: What part of this is "old-economy Ron," here? Ron, I'm confused.
Ron Gross: It's not necessarily. Its early career ran as well, being that I used to read in the hedge fund business and like these businesses quite a bit.
Chris Hill: Emily Flippen, what are you looking at this week?
Emily Flippen: I'm looking at ASML. I think expectations were incredibly low heading into their third-quarter earnings report, ASML sells these high-end lithography machines to chipmakers, and one of their largest customers is Taiwan Semi.
They actually had announced their intention to cut capital expenditures by around 10% amid awakening chip market, which lowered expectations for ASMLs guidance. But ASML not only had a stellar quarter, but it showed a growing backlog of demand, highlighting the demand for their EUV extreme ultraviolet lithography machines. Right now, ASML machines are still outstripping supply in terms of, are there some demand is outstripping supply. Management expects very little impact from the ban on China.
Chris Hill: Dan, a question about ASML?
Dan Boyd: Seems like a wonderful company that I do not understand at all.
Emily Flippen: You don't need to understand it there, Dan.
Chris Hill: What do you want to add to your watch list, Dan?
Dan Boyd: You know what? I'm going to go with ASML. I'm just sort of a deer in the headlights looking at this company.
Emily Flippen: Perfect.
Chris Hill: Emily Flippen, Ron Gross, thanks for being here. That's going to do it for this week's Motley Fool Money radio show. The show's mixed by Dan Boyd. I'm Chris Hill. We'll see you next time.
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. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. American Express is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Chris Hill has positions in Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Chipotle Mexican Grill, JPMorgan Chase, Johnson & Johnson, Microsoft, PepsiCo Inc., Pinterest, Starbucks, Taiwan Semiconductor Manufacturing, and The TJX Companies. Dan Boyd has positions in Activision Blizzard, Amazon, and Chipotle Mexican Grill. Emily Flippen has positions in Pinterest. Ron Gross has positions in Amazon, Apple, Blackstone Inc., Fidelity MSCI Financials Index ETF, JPMorgan Chase, Meta Platforms, Inc., Microsoft, Starbucks, Taiwan Semiconductor Manufacturing, and The TJX Companies. The Motley Fool has positions in and recommends ASML Holding, Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Blackstone Inc., Chipotle Mexican Grill, JPMorgan Chase, Meta Platforms, Inc., Microsoft, Netflix, Pinterest, ResMed Inc., Starbucks, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends Boston Beer, Deere & Company, Johnson & Johnson, ResMed, The TJX Companies, and Tractor Supply and recommends the following options: long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $92.50 puts on Starbucks, and short March 2023 $130 calls on Apple. 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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In this podcast, Motley Fool senior analysts Emily Flippen and Ron Gross discuss topics including: Pinterest, Meta Platforms, and Alphabet getting dragged down by Snap's bad news American Express shares falling despite increased full-year guidance Boston Beer's strong third-quarter report The latest from Microsoft, Netflix, Tesla, and Tractor Supply They also dip into the Motley Fool Mailbag and discuss: Medical device pure plays Investing books they recommend Surprising economics of pumpkin spice The latest from McDonald's and Keurig Dr Pepper Stocks they're more bullish on Two stocks on their radar: ASML Holding and Blackstone To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Ron Gross has positions in Amazon, Apple, Blackstone Inc., Fidelity MSCI Financials Index ETF, JPMorgan Chase, Meta Platforms, Inc., Microsoft, Starbucks, Taiwan Semiconductor Manufacturing, and The TJX Companies. To get started investing, check out our quick-start guide to investing in stocks.
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In this podcast, Motley Fool senior analysts Emily Flippen and Ron Gross discuss topics including: Pinterest, Meta Platforms, and Alphabet getting dragged down by Snap's bad news American Express shares falling despite increased full-year guidance Boston Beer's strong third-quarter report The latest from Microsoft, Netflix, Tesla, and Tractor Supply They also dip into the Motley Fool Mailbag and discuss: Medical device pure plays Investing books they recommend Surprising economics of pumpkin spice The latest from McDonald's and Keurig Dr Pepper Stocks they're more bullish on Two stocks on their radar: ASML Holding and Blackstone To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. The Motley Fool recommends Boston Beer, Deere & Company, Johnson & Johnson, ResMed, The TJX Companies, and Tractor Supply and recommends the following options: long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $92.50 puts on Starbucks, and short March 2023 $130 calls on Apple. To get started investing, check out our quick-start guide to investing in stocks.
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In this podcast, Motley Fool senior analysts Emily Flippen and Ron Gross discuss topics including: Pinterest, Meta Platforms, and Alphabet getting dragged down by Snap's bad news American Express shares falling despite increased full-year guidance Boston Beer's strong third-quarter report The latest from Microsoft, Netflix, Tesla, and Tractor Supply They also dip into the Motley Fool Mailbag and discuss: Medical device pure plays Investing books they recommend Surprising economics of pumpkin spice The latest from McDonald's and Keurig Dr Pepper Stocks they're more bullish on Two stocks on their radar: ASML Holding and Blackstone To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Chris Hill here with Emily Flippen and Ron Gross. To get started investing, check out our quick-start guide to investing in stocks.
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Chris Hill here with Emily Flippen and Ron Gross. In this podcast, Motley Fool senior analysts Emily Flippen and Ron Gross discuss topics including: Pinterest, Meta Platforms, and Alphabet getting dragged down by Snap's bad news American Express shares falling despite increased full-year guidance Boston Beer's strong third-quarter report The latest from Microsoft, Netflix, Tesla, and Tractor Supply They also dip into the Motley Fool Mailbag and discuss: Medical device pure plays Investing books they recommend Surprising economics of pumpkin spice The latest from McDonald's and Keurig Dr Pepper Stocks they're more bullish on Two stocks on their radar: ASML Holding and Blackstone 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.
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038fbf80-3030-4032-8aa0-c3f7bc6ffdb9
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720998.0
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2022-10-28 00:00:00 UTC
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Deere Stock’s (NYSE:DE) Autonomous Farming Ambitions are Hard to Ignore
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DE
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https://www.nasdaq.com/articles/deere-stocks-nyse%3Ade-autonomous-farming-ambitions-are-hard-to-ignore
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nan
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Shares of farming-equipment maker Deere (NYSE:DE) have done quite well in the face of a recession. As a premier firm in the farming equipment scene, Deere has been able to command respectable pricing power. It's not just the John Deere logo (or seal of quality) that farmers are willing to pay up for. Deere has been quietly innovating its way to the top of the agro-tech scene. Ultimately, Deere's pursuit of fully-autonomous farms could help it continue to power higher, even if the economy falls into a bit of a drought.
Undoubtedly, Deere sells some costly durable equipment that tends to experience cyclical swings in demand. Such expensive discretionary goods tend to be the first to fumble when economic times get tough. However, unlike other cyclical industries, farming tends to be less tied to the broader economy. Even as market-wide consumer sentiment sinks, demand for agricultural products and elevated crop prices could remain robust, helping farmers fund new equipment purchases.
Further, Deere's latest and greatest offerings could accompany substantial cost savings for farmers. Indeed, farming is a tough business to be in. The startup costs are high, seasons can be rough, and it can be difficult to get a helping hand.
Over the years, Deere has been on a mission to help farmers improve productivity. To do so, the firm acquired various agro-tech firms while continuing to invest in forward-thinking projects. Indeed, Deere may very well lead the charge to full autonomy across American farms.
Deere's an innovator at heart. Although many investors may dismiss it as a boring old-school company, innovation investor Cathie Wood actually bought shares of the firm for her robotics-focused fund a while back. Indeed, Deere is one of few ARK-approved stocks that's actually up (around 14%) for the year.
With a modest 19.7 times trailing earnings multiple and numerous overlooked innovations, I remain bullish on Deere stock. As Deere's roster of autonomous, specced-out equipment gets smarter with time, I do think shares may deserve a much higher multiple.
Smart Farms are the Future: Deere Sets Sights on Full Autonomy
The company already has a fully-functioning autonomous tractor in the line-up. Though the global fleet is limited (less than 50 at writing), the company expects uptake in autonomous farming equipment to surge over the next several years. At this juncture, the management team envisions "a fully autonomous farming system for row crops in place by 2030."
Indeed, autonomous farming seems quite far-fetched today, especially given all the frustratingly-slow progress from autonomous vehicles. Still, Deere has the talent to bring the sci-fi dream to life. Arguably, a fully or mostly autonomous farm may be closer to reality than a metaverse that Mark Zuckerberg envisions consumers spending billions in!
Deere Stock Looks Ready to Ride Out a 2023 Recession
Deere has been hit with the same macro headwinds as other firms. The strong U.S. dollar, elevated commodity prices, and supply-side constraints have all worked their course. Management has been pretty solid on their cost controls. Remarkably, Deere has been able to trim away at costs without hurting its long-term growth profile.
Still focused on autonomous farming, Deere has also been quite calculated on the M&A front. It's Deere's ability to clamp down on expenses while moving forward on tech-driven efforts that should help it weather an economic hailstorm better than the peer group.
Further, the outlook for farming still looks bright, with various crop prices much higher than they were at the start of the year. While the price of certain crops has pulled back from highs, they're still high enough to act as a boon for farmer incomes. This, in turn, should translate to greater uptake of Deere products.
Is DE Stock a Buy or Sell, According to Analysts?
Turning to Wall Street, DE stock has a Moderate Buy rating based on 11 Buys and five Holds assigned in the past three months. The average Deere stock price target is $411.47, implying an upside of 3.68%. Analyst price targets range from a low of $342.00 per share to a high of $450.00 per share.
Conclusion: Expect Deere to Continue Bucking the Trend
Deere stock has been such a stable pillar for the stock market this year. Going into 2023, I expect Deere to continue bucking the trend. The company's innovative expenditures could translate into a multi-year boom in autonomous farming equipment well after the boon of high crop prices fades.
Indeed, Deere stands out as a secular grower in my books. The 1.09 beta on shares suggests that investors expect about the same (or a bit more) volatility than the S&P 500. Personally, I think Deere could be a lot less choppy than the averages as farming continues to flex its muscles.
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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Even as market-wide consumer sentiment sinks, demand for agricultural products and elevated crop prices could remain robust, helping farmers fund new equipment purchases. It's Deere's ability to clamp down on expenses while moving forward on tech-driven efforts that should help it weather an economic hailstorm better than the peer group. The company's innovative expenditures could translate into a multi-year boom in autonomous farming equipment well after the boon of high crop prices fades.
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Even as market-wide consumer sentiment sinks, demand for agricultural products and elevated crop prices could remain robust, helping farmers fund new equipment purchases. Conclusion: Expect Deere to Continue Bucking the Trend Deere stock has been such a stable pillar for the stock market this year. Shares of farming-equipment maker Deere (NYSE:DE) have done quite well in the face of a recession.
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As a premier firm in the farming equipment scene, Deere has been able to command respectable pricing power. Deere Stock Looks Ready to Ride Out a 2023 Recession Deere has been hit with the same macro headwinds as other firms. Conclusion: Expect Deere to Continue Bucking the Trend Deere stock has been such a stable pillar for the stock market this year.
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Is DE Stock a Buy or Sell, According to Analysts? The company's innovative expenditures could translate into a multi-year boom in autonomous farming equipment well after the boon of high crop prices fades. Shares of farming-equipment maker Deere (NYSE:DE) have done quite well in the face of a recession.
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3948cce2-f6d6-4531-8a91-eff4af4df18e
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720999.0
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2022-10-27 00:00:00 UTC
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See Which Of The Latest 13F Filers Holds Deere & Co.
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DE
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https://www.nasdaq.com/articles/see-which-of-the-latest-13f-filers-holds-deere-co.-1
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nan
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 09/30/2022 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 7 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in DE positions, for this latest batch of 13F filers:
FUND NEW POSITION? CHANGE IN SHARE COUNT CHANGE IN MARKET VALUE ($ IN 1000'S)
IQ EQ FUND MANAGEMENT IRELAND Ltd Existing -7,233 -$1,541
Allspring Global Investments Holdings LLC Existing -8,249 +$3,412
Beach Investment Counsel Inc. PA Existing -478 -$67
Andrew Hill Investment Advisors Inc. Existing +3,877 +$1,509
Fishman Jay A Ltd. MI Existing -15 +$110
Ballentine Partners LLC Existing +508 +$325
Hixon Zuercher LLC Existing UNCH +$41
Aggregate Change: -11,590 +$3,789
In terms of shares owned, we count 2 of the above funds having increased existing DE positions from 06/30/2022 to 09/30/2022, with 4 having decreased their positions. Worth noting is that Connective Portfolio Management LLC, included in this recent batch of 13F filers, exited DE common stock as of 09/30/2022.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the DE share count in the aggregate among all of the funds which held DE at the 09/30/2022 reporting period (out of the 1,554 we looked at in total). We then compared that number to the sum total of DE shares those same funds held back at the 06/30/2022 period, to see how the aggregate share count held by hedge funds has moved for DE. We found that between these two periods, funds reduced their holdings by 127,997 shares in the aggregate, from 9,131,220 down to 9,003,223 for a share count decline of approximately -1.40%. The overall top three funds holding DE on 09/30/2022 were:
» FUND SHARES OF DE HELD
1. Sumitomo Mitsui Trust Holdings Inc. 1,466,313
2. Nordea Investment Management AB 880,880
3. Sarasin & Partners LLP 687,041
4-10 Find out the full Top 10 Hedge Funds Holding DE »
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Deere & Co. (Symbol: DE).
10 S&P 500 Components Hedge Funds Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 09/30/2022 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 7 of these funds. Worth noting is that Connective Portfolio Management LLC, included in this recent batch of 13F filers, exited DE common stock as of 09/30/2022. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Deere & Co. (Symbol: DE).
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 09/30/2022 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 7 of these funds. Existing +3,877 +$1,509 Fishman Jay A Ltd. MI Existing -15 +$110 Ballentine Partners LLC Existing +508 +$325 Hixon Zuercher LLC Existing UNCH +$41 Aggregate Change: -11,590 +$3,789 In terms of shares owned, we count 2 of the above funds having increased existing DE positions from 06/30/2022 to 09/30/2022, with 4 having decreased their positions. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
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Existing +3,877 +$1,509 Fishman Jay A Ltd. MI Existing -15 +$110 Ballentine Partners LLC Existing +508 +$325 Hixon Zuercher LLC Existing UNCH +$41 Aggregate Change: -11,590 +$3,789 In terms of shares owned, we count 2 of the above funds having increased existing DE positions from 06/30/2022 to 09/30/2022, with 4 having decreased their positions. We then compared that number to the sum total of DE shares those same funds held back at the 06/30/2022 period, to see how the aggregate share count held by hedge funds has moved for DE. Sarasin & Partners LLP 687,041 4-10 Find out the full Top 10 Hedge Funds Holding DE » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods.
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At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 09/30/2022 reporting period, and noticed that Deere & Co. (Symbol: DE) was held by 7 of these funds. Sarasin & Partners LLP 687,041 4-10 Find out the full Top 10 Hedge Funds Holding DE » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
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