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2022-04-27 00:00:00 UTC
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What's in Store for Rockwell Automation's (ROK) Q2 Earnings?
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Rockwell Automation Inc. ROK is scheduled to report second-quarter fiscal 2022 results, before the opening bell on May 3.
Q1 Performance
In the last reported quarter, Rockwell Automation’s earnings and revenues surpassed the respective Zacks Consensus Estimates. While the bottom line declined year over year, the top line rose year on year.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 9.5%.
Q2 Estimates
The Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $1.95 billion, indicating growth of 9.6% from the prior-year quarter’s levels. The same for earnings is pegged at $2.27, suggesting a 5.8% decline from the year-ago quarter’s figure. The earnings estimates have been stable in the past 30 days.
Factors to Note
Rockwell Automation has been witnessing improvement in its order levels in the past few quarters. In the last reported quarter, the company delivered record orders of $2.5 billion, driven by robust demand for core automation and digital transformation solutions. Per the Federal Reserve, total industrial production rose at an annual rate of 8.1% in the January-March quarter. This might have contributed to the company’s order book in the fiscal second quarter. Strong demand for software and cyber security services, robust order backlog and contribution from recent acquisitions are likely to get reflected in Rockwell Automation’s fiscal second-quarter top line.
These above-mentioned benefits might have been offset by the ongoing supply-chain constraints. The manufacturing supply chain continues to be strained by the sharp rise in demand and the ongoing shortages of electronic components along with pandemic-related and other global events that have put additional pressures on manufacturing output and freight lanes. Inflated costs for commodities, components and freight services are expected to have dented the company’s margins in the quarter to be reported. The company’s focus on process improvement, price increase actions, functional streamlining and material cost savings are likely to have negated some of these impacts.
Segment Expectations
For the Intelligent Devices segment, the Zacks Consensus Estimate for second-quarter fiscal 2022 revenues is pegged at $926 million, suggesting an improvement of 9% from the prior-year quarter’s levels. The Zacks Consensus Estimate for operating profit in the segment is pegged at $191 million, suggesting a year-over-year decline of 5.4%.
The Zacks Consensus Estimate for the Software & Control segment’s second-quarter fiscal 2022 sales is at $566 million, suggesting year-over-year growth of 13%. The consensus mark for the segment’s operating profit is pegged at $144 million, calling for a 4% decline from the prior-year quarter’s levels.
The consensus mark for the Lifecycle Services segment’s fiscal second-quarter sales is pegged at $457 million, indicating growth of 7.8% from the year-ago quarter. The segment is expected to report an operating profit of $39.7 million in the quarter compared with the prior-year quarter’s $38.3 million.
Rockwell Automation, Inc. Price and EPS Surprise
Rockwell Automation, Inc. price-eps-surprise | Rockwell Automation, Inc. Quote
What the Zacks Model Unveils
Our proven model doesn’t predict an earnings beat for Rockwell Automation 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 to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Rockwell Automation is -3.97%.
Zacks Rank: Rockwell Automation currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Share Price Performance
In the past year, Rockwell Automation’s shares have lost 5.3% compared with the industry’s decline of 6.2%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings Estimates
Here are some Industrial Product stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Deere & Company DE currently has an Earnings ESP of +0.28% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is currently pegged at $6.68 per share, suggesting 17.6% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $13.5 billion, highlighting year-over-year growth of 22.5%. Deere has a trailing four-quarter earnings surprise of 20.6%, on average. It has a long-term earnings growth of 13.5%.
Illinois Tool Works Inc. ITW currently has an Earnings ESP of +0.46% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter 2022 earnings has dropped 0.9% in the past 30 days and is currently pegged at $2.05 per share. The projection indicates a 2.8% decline from the prior-year quarter’s tally.
The Zacks Consensus Estimate for Illinois Tool’s quarterly revenues is pegged at $3.7 billion, which indicates a year-over-year improvement of 6.3%. ITW has a trailing four-quarter earnings surprise of 3.7%, on average.
Eaton Corporation plc ETN currently has an Earnings ESP of +0.85% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter 2022 earnings has been stable in the past 30 days at $1.60 per share, suggesting a year-over-year growth of 11.1%.
The Zacks Consensus Estimate for Eaton’s quarterly revenues is pegged at $4.81 billion, which indicates an increase of 2.6% from the prior-year quarter’s levels. It has a trailing four-quarter earnings surprise of 6.98%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Rockwell Automation, Inc. (ROK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the last reported quarter, the company delivered record orders of $2.5 billion, driven by robust demand for core automation and digital transformation solutions. Strong demand for software and cyber security services, robust order backlog and contribution from recent acquisitions are likely to get reflected in Rockwell Automation’s fiscal second-quarter top line. While the bottom line declined year over year, the top line rose year on year.
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Segment Expectations For the Intelligent Devices segment, the Zacks Consensus Estimate for second-quarter fiscal 2022 revenues is pegged at $926 million, suggesting an improvement of 9% from the prior-year quarter’s levels. While the bottom line declined year over year, the top line rose year on year. The same for earnings is pegged at $2.27, suggesting a 5.8% decline from the year-ago quarter’s figure.
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Rockwell Automation, Inc. Price and EPS Surprise Rockwell Automation, Inc. price-eps-surprise | Rockwell Automation, Inc. Quote What the Zacks Model Unveils Our proven model doesn’t predict an earnings beat for Rockwell Automation this season. While the bottom line declined year over year, the top line rose year on year. The same for earnings is pegged at $2.27, suggesting a 5.8% decline from the year-ago quarter’s figure.
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While the bottom line declined year over year, the top line rose year on year. The same for earnings is pegged at $2.27, suggesting a 5.8% decline from the year-ago quarter’s figure. Factors to Note Rockwell Automation has been witnessing improvement in its order levels in the past few quarters.
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2022-04-26 00:00:00 UTC
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Deere (DE) Stock Moves -0.97%: What You Should Know
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Deere (DE) closed the most recent trading day at $381.77, moving -0.97% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.82%. At the same time, the Dow lost 2.38%, and the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the agricultural equipment manufacturer had lost 10.89% over the past month. This has lagged the Industrial Products sector's loss of 6.38% and the S&P 500's loss of 5.33% in that time.
Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be May 20, 2022. In that report, analysts expect Deere to post earnings of $6.67 per share. This would mark year-over-year growth of 17.43%. Our most recent consensus estimate is calling for quarterly revenue of $13.44 billion, up 22.22% from the year-ago period.
DE's full-year Zacks Consensus Estimates are calling for earnings of $22.71 per share and revenue of $48.18 billion. These results would represent year-over-year changes of +19.59% and +21.24%, respectively.
Investors should also note any recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% lower. Deere is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Deere is holding a Forward P/E ratio of 16.98. Its industry sports an average Forward P/E of 16.14, so we one might conclude that Deere is trading at a premium comparatively.
It is also worth noting that DE currently has a PEG ratio of 1.26. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and 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's full-year Zacks Consensus Estimates are calling for earnings of $22.71 per share and revenue of $48.18 billion. Deere (DE) closed the most recent trading day at $381.77, moving -0.97% from the previous trading session. Investors will be hoping for strength from Deere as it approaches its next earnings release, which is expected to be May 20, 2022.
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DE's full-year Zacks Consensus Estimates are calling for earnings of $22.71 per share and revenue of $48.18 billion. Deere & Company (DE): Free Stock Analysis Report Deere (DE) closed the most recent trading day at $381.77, moving -0.97% from the previous trading session.
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DE's full-year Zacks Consensus Estimates are calling for earnings of $22.71 per share and revenue of $48.18 billion. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Deere (DE) closed the most recent trading day at $381.77, moving -0.97% from the previous trading session.
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In that report, analysts expect Deere to post earnings of $6.67 per share. Investors should also note any recent changes to analyst estimates for Deere. 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.
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2022-04-26 00:00:00 UTC
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Want $1,000 in Passive Income? Invest $10,000 in These 3 Unstoppable Dividend Stocks and Wait 4 Years
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Market volatility is rising as the Nasdaq Composite is close to reentering a bear market while the S&P 500 finds itself back in correction territory. Investors looking at bruised and battered portfolios may find solace in passive income streams from quality companies.
Investing in equal parts of Brookfield infrastructure Partners (NYSE: BIP), Deere & Company (NYSE: DE), and ABB (NYSE: ABB) gives an investor an average dividend yield of 2.5% and exposure to infrastructure, agriculture, automation, and robotics. After a period of four years, an investor could expect a $10,000 investment to earn at least $1,000 in passive dividend income. Here's what makes each dividend stock a great buy now.
Image source: Getty Images.
Build a better passive income stream
Scott Levine (Brookfield Infrastructure): I don't think investing is what Tom Petty had in mind when he penned the lyric, "the waiting is the hardest part," but it applies to dividend investing nonetheless. Identifying rock-solid dividend stocks is challenging; however, once accomplished, it takes discipline and patience to let that passive income stream grow from a trickle to a babbling brook. In other words, recognizing Brookfield Infrastructure Partners -- and its 3.4% forward yield stock -- is the easier part. Picking up shares and letting that passive income stream burgeon into a babbling brook of dividends requires patience -- but sitting back and getting paid to do nothing is easy to get used to.
With a portfolio of assets valued at about $74 billion and located on four continents, Brookfield Infrastructure is a global leader in developing and operating a variety of infrastructure assets including data, utilities, midstream, and transport. And it's not slowing down despite its formidable position. Management has identified $900 million in investment opportunities for the company's utilities business. This is expected to result in the regulated transmission utilities growing earnings before interest, taxes, depreciation, and amortization (EBITDA) at a 9% compound annual growth rate from 2021 to 2026. Similarly, the company has $950 million in planned investments for the transport segment, which should help the company grow EBITDA 12% to 15% over the next five years.
Investors willing to sit back and let their passive income stream grow want to know that their stock choices are robust enough to generate consistent returns. While there's no guarantee that Brookfield Infrastructure will be a winner, the company's track record should help to mitigate the concerns of skeptics. From 2009 to 2021, Brookfield Infrastructure has grown funds from operations and raised its per unit distribution at compound annual growth rates of 15% and 10%, respectively. Deft management of capital and a steadfast interest in returning capital to unitholders is something that could make the waiting less of a strain.
Look toward greener pastures with Deere stock
Daniel Foelber (Deere): Even after falling 5% on Friday, share prices of Deere are up 17.7% year to date. The majority of readers are probably familiar with John Deere brand industrial machinery and farming equipment. But Deere also makes engines and drivetrains. Like many equipment manufacturers, Deere has been working on reducing emissions by implementing electric transmissions and electric power generation as options for farmers. Deere claims that it offers the agriculture industry's only transmission that enables electric power generation up to 100 kilowatts. It is also coming out with an autonomous tractor that uses an Nvidia graphics card.
Deere's new product offerings matter in an environmentally conscious low-carbon future. But its ability to retain a leading position in equipment for agriculture and construction (along with Caterpillar) is critical when commodity prices are surging.
The investment thesis for Deere is very simple. As farmers make more money from demand outpacing supply and rising food prices, they may choose to reinvest some of their extra profits into new equipment, which benefits Deere. Or they may branch out into artificial intelligence, which Deere is a leader in when it comes to the agriculture industry.
It's worth remembering that Deere is a cyclical stock, so its results tend to ebb and flow with broader industry trends. Despite its stock price being up 139% in just three years, Deere stock still looks cheap with a price-to-earnings ratio of just 22.3.
Deere may not be a Dividend Aristocrat. But its dividend has nearly doubled in the last five years -- not to mention it has never cut its dividend in 40 years. Add it all up, and Deere stock looks like a great source of passive income, as well as an inflation-resistant company with a lot of upside.
The turnaround at ABB gathers apace
Lee Samaha (ABB): The European industrial giant has long held some exciting businesses in its portfolio. However, the suspicion is that management wasn't extracting full value from them, and ABB owned too many non-core businesses in its portfolio.
That was then, but this is now. Since current CEO Bjorn Rosengren took over in 2020, the company has been restructured internally, with management ditching its matrix operational structure in favor of a more conventional pyramid. Moreover, ABB has sold and has plans to divest non-core businesses. ABB sold 80.1% of its power grids to Hitachi in 2020, its mechanical power transmission business in 2021, the turbocharging business is up for sale, and management still plans to spin off the e-mobility (charging) business in the second quarter.
The restructuring plans are in place and management continues to pivot toward a focus on its core businesses in automation, robotics and discrete automation, motion control, and electrification products. As such, ABB has a pivotal role to play in some exciting growth trends. From electrification in the economy to the increasing use of automation in production, through to robotics, ABB is there.
Moreover, its latest earnings report shows the company making excellent progress -- comparable orders are up 28% and comparable revenue is up 7% year over year. It's an excellent result under the circumstances, and management confirmed its expectation to hit an EBITDA margin of at least 15% in 2023 from 14.2% in 2021.
All told, ABB has revenue growth and margin growth prospects. Throw in a 2.8% dividend yield, and the stock is attractive for income-seeking and growth investors alike.
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*Stock Advisor returns as of April 7, 2022
Daniel Foelber owns Nvidia and has the following options: short May 2022 $225 calls on Nvidia. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool owns and recommends ABB and Nvidia. The Motley Fool recommends Brookfield Infra Partners LP Units and Brookfield Infrastructure Partners. 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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Identifying rock-solid dividend stocks is challenging; however, once accomplished, it takes discipline and patience to let that passive income stream grow from a trickle to a babbling brook. This is expected to result in the regulated transmission utilities growing earnings before interest, taxes, depreciation, and amortization (EBITDA) at a 9% compound annual growth rate from 2021 to 2026. As farmers make more money from demand outpacing supply and rising food prices, they may choose to reinvest some of their extra profits into new equipment, which benefits Deere.
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Investing in equal parts of Brookfield infrastructure Partners (NYSE: BIP), Deere & Company (NYSE: DE), and ABB (NYSE: ABB) gives an investor an average dividend yield of 2.5% and exposure to infrastructure, agriculture, automation, and robotics. Build a better passive income stream Scott Levine (Brookfield Infrastructure): I don't think investing is what Tom Petty had in mind when he penned the lyric, "the waiting is the hardest part," but it applies to dividend investing nonetheless. After a period of four years, an investor could expect a $10,000 investment to earn at least $1,000 in passive dividend income.
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Investing in equal parts of Brookfield infrastructure Partners (NYSE: BIP), Deere & Company (NYSE: DE), and ABB (NYSE: ABB) gives an investor an average dividend yield of 2.5% and exposure to infrastructure, agriculture, automation, and robotics. Look toward greener pastures with Deere stock Daniel Foelber (Deere): Even after falling 5% on Friday, share prices of Deere are up 17.7% year to date. Despite its stock price being up 139% in just three years, Deere stock still looks cheap with a price-to-earnings ratio of just 22.3.
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After a period of four years, an investor could expect a $10,000 investment to earn at least $1,000 in passive dividend income. But its dividend has nearly doubled in the last five years -- not to mention it has never cut its dividend in 40 years. Investing in equal parts of Brookfield infrastructure Partners (NYSE: BIP), Deere & Company (NYSE: DE), and ABB (NYSE: ABB) gives an investor an average dividend yield of 2.5% and exposure to infrastructure, agriculture, automation, and robotics.
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2022-04-25 00:00:00 UTC
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Grainger (GWW) to Report Q1 Earnings: What's in the Cards?
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W.W. Grainger, Inc. GWW is scheduled to report first-quarter 2022 results on Apr 28, before the opening bell.
Q1 Estimates
The Zacks Consensus Estimate for the first-quarter revenues is pegged at $3.52 billion, indicating growth of 14.1% from the year-ago quarter’s levels. The consensus mark for earnings per share is pegged at $6.17, suggesting an improvement of 37.7% from the prior-year quarter’s levels. Earnings estimates have been stable in the past 30 days.
Q4 Results
In the last reported quarter, Grainger’s earnings and revenues beat the respective Zacks Consensus Estimates and increased year over year. The company has surpassed the earnings estimates in two of the last four quarters. GWW has a trailing four-quarter negative earnings surprise of 1.31%, on average.
W.W. Grainger, Inc. Price and EPS Surprise
W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. Quote
What the Zacks Model Indicates
Our proven model doesn’t conclusively predict an earnings beat for Grainger this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Grainger has an Earnings ESP of -0.22%.
Zacks Rank: The company currently carries a Zacks Rank # 4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to Note
Grainger has been seeing strong growth in core and non-pandemic product sales as the U.S. economy recovered from the coronavirus pandemic. This is likely to have aided first-quarter performance. Pandemic product sales also remain elevated, with surging e-commerce activities. These factors are likely to have contributed to the High Touch Solutions North America (N.A.) segment’s to-be-reported quarter’s performance.
Grainger’s Endless Assortment segment is likely to have benefited from new customer acquisitions at Zoro and MonotaRO business in the March-end quarter.
The company is witnessing market-beating growth in the High-Touch Solutions market than in the U.S. MRO (maintenance, repair and operating) market. The upside can be attributed to strategic activities such as building advantaged MRO solutions, delivering unparalleled customer service, and offering differentiated sales and services.
Higher operating costs might have impacted Grainger’s operating margin during the January - March period. Incremental SG&A expenses due to higher technology investments, rising freight and material costs and supply-chain challenges are also likely to have impacted the margin during the first quarter. Nevertheless, its pricing actions and ability to navigate supply chain challenges are expected to have offset some of the negative impacts.
Price Performance
Grainger’s shares have gained 19% in a year’s time against the industry’s loss of 52.2%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings Estimates
Here are some other Industrial Product stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.
Deere & Company DE currently has an Earnings ESP of +0.28% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is currently pegged at $6.68 per share, suggesting 17.6% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $13.5 billion, highlighting year-over-year growth of 22.5%. Deere has a trailing four-quarter earnings surprise of 20.6%, on average. It has a long-term earnings growth of 13.5%.
Illinois Tool Works Inc. ITW currently has an Earnings ESP of +0.46% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter 2022 earnings has dropped 0.9% in the past 30 days and is currently pegged at $2.05 per share. The projection indicates a 2.8% decline from the prior-year quarter’s tally.
The Zacks Consensus Estimate for Illinois Tool’s quarterly revenues is pegged at $3.7 billion, which indicates a year-over-year improvement of 6.3%. ITW has a trailing four-quarter earnings surprise of 3.7%, on average.
John Bean Technologies Corporation JBT currently has an Earnings ESP of +3.57% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter 2022 earnings have been stable in the past 30 days at 56 cents per share, suggesting a year-over-year decline of 37.8%.
The Zacks Consensus Estimate for John Bean’s quarterly revenues is pegged at $441 million, which indicates an increase of 5.5% from the prior-year quarter’s levels. It has a trailing four-quarter earnings surprise of 0.93%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers 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
Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
John Bean Technologies Corporation (JBT): 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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Factors to Note Grainger has been seeing strong growth in core and non-pandemic product sales as the U.S. economy recovered from the coronavirus pandemic. W.W. Grainger, Inc. Price and EPS Surprise W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. Quote What the Zacks Model Indicates Our proven model doesn’t conclusively predict an earnings beat for Grainger this season. This is likely to have aided first-quarter performance.
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W.W. Grainger, Inc. Price and EPS Surprise W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. Quote What the Zacks Model Indicates Our proven model doesn’t conclusively predict an earnings beat for Grainger this season. Factors to Note Grainger has been seeing strong growth in core and non-pandemic product sales as the U.S. economy recovered from the coronavirus pandemic. This is likely to have aided first-quarter performance.
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W.W. Grainger, Inc. Price and EPS Surprise W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. Quote What the Zacks Model Indicates Our proven model doesn’t conclusively predict an earnings beat for Grainger this season. Image Source: Zacks Investment Research Stocks Poised to Beat Earnings Estimates Here are some other Industrial Product stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases. Factors to Note Grainger has been seeing strong growth in core and non-pandemic product sales as the U.S. economy recovered from the coronavirus pandemic.
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Image Source: Zacks Investment Research Stocks Poised to Beat Earnings Estimates Here are some other Industrial Product stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases. W.W. Grainger, Inc. Price and EPS Surprise W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. Quote What the Zacks Model Indicates Our proven model doesn’t conclusively predict an earnings beat for Grainger this season. Factors to Note Grainger has been seeing strong growth in core and non-pandemic product sales as the U.S. economy recovered from the coronavirus pandemic.
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2022-04-22 00:00:00 UTC
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Is Alcoa (AA) Outperforming Other Industrial Products Stocks This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Alcoa (AA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Alcoa is a member of our Industrial Products group, which includes 229 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Alcoa is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AA's full-year earnings has moved 107.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AA has gained about 21.2% so far this year. At the same time, Industrial Products stocks have lost an average of 8.1%. This means that Alcoa is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Deere (DE). The stock has returned 23.8% year-to-date.
In Deere's case, the consensus EPS estimate for the current year increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Alcoa belongs to the Metal Products - Distribution industry, a group that includes 6 individual stocks and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 13.3% this year, meaning that AA is performing better in terms of year-to-date returns.
In contrast, Deere falls under the Manufacturing - Farm Equipment industry. Currently, this industry has 8 stocks and is ranked #86. Since the beginning of the year, the industry has moved +23%.
Alcoa and Deere could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Alcoa (AA): Free Stock Analysis Report
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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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Alcoa is a member of our Industrial Products group, which includes 229 different companies and currently sits at #6 in the Zacks Sector Rank. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. The Zacks Sector Rank considers 16 different sector groups.
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Deere & Company (DE): Free Stock Analysis Report Alcoa is a member of our Industrial Products group, which includes 229 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups.
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Looking more specifically, Alcoa belongs to the Metal Products - Distribution industry, a group that includes 6 individual stocks and currently sits at #23 in the Zacks Industry Rank. Alcoa and Deere could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks. Alcoa is a member of our Industrial Products group, which includes 229 different companies and currently sits at #6 in the Zacks Sector Rank.
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Another Industrial Products stock, which has outperformed the sector so far this year, is Deere (DE). Alcoa is a member of our Industrial Products group, which includes 229 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups.
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2022-04-22 00:00:00 UTC
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7 Stocks to Buy If You Think Inflation Is Topping Out
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
UnitedHealth Group (NYSE:UNH) – This managed care leader offers double-digit earnings and dividend growth
Abbott Laboratories (NYSE:ABT) – A dividend king with a forecast for continued revenue and earnings growth
Deere & Co. (NYSE:DE) – Well positioned for strong demand in the second quarter
Nucor (NYSE:NUE) – A savvy investment in clean energy adds another vertical
Lam Research Corp (NASDAQ:LRCX) – An undervalued semiconductor stock with strong free cash flow
Qualcomm (NASDAQ:QCOM) – A major move into the connected car sector supports an attractive valuation
Nike (NYSE:NKE) – Further proof that premium brands can support a premium valuation
Source: Sauko Andrei / Shutterstock
Inflation remains a top-of-mind concern for investors as they look for the best stocks to buy, and April’s Consumer Price Index (CPI) and Producer Price Index (PPI) readings did nothing to change that.
However, for the first time in several months, there was a silver lining. The core CPI number (the one that excludes food and groceries) came in lower than expected at 0.3% versus an expected 0.5%.
That has some analysts believing that the market may have seen peak inflation, but that doesn’t mean consumers won’t continue to be feeling the effects of higher prices for some time.
7 Top-Rated Biotech Stocks to Buy for Q2
However, high but falling inflation can change the composition of investors’ portfolios. Rather than just looking for hedges against inflation, investors may begin to look for some growth stocks to buy, including in some areas that have been beaten down.
That’s the focus of this article. I’m looking at seven stocks to buy if inflation is at, or near, its peak.
UNH UnitedHealth Group $537.44
ABT Abbott Laboratories $123.37
DE Deere & Co $424.36
NUE Nucor $175.59
LRCX Lam Research Corp $469.51
QCOM Qualcomm $136.11
NKE Nike $135.46
Inflation Stocks to Buy: UnitedHealth Group (UNH)
Source: Ken Wolter / Shutterstock.com
UnitedHealth Group is becoming a giant in the managed health care sector. Historically, healthcare stocks are among the first that investors look at when they suspect that inflation is at or near its peak.
One of the catalysts for UnitedHealth’s growth is found in its Medicare Advantage portfolio.
UnitedHealth Group was a big winner for investors in 2021 because it delivered double-digit growth in earnings and revenue. And if the company’s first-quarter earnings report is any indication, it may deliver more of the same in 2022.
UNH has also been showing double-digit dividend growth. It has increased its dividend in each of the last 13 years, and past history suggests that investors may be treated to another dividend increase prior to the company reporting earnings in July.
Abbott Laboratories (ABT)
Source: testing / Shutterstock.com
Whatever UNH Group can do, Abbott Laboratories can do better. Or at least longer.
Abbott Labs has increased its dividend payment in each of the last 50 years. This puts it in the exclusive Dividend Kings club. A dividend yield of 1.53% is above the sector average of 1.06%.
There are other reasons why ABT makes this list of stocks to buy. The company derives a significant amount of its revenue from two of its four business units: diagnostics and medical devices.
7 Long-Term Stocks to Buy for a Robust Retirement
It should please investors to know that both of these sectors are projected to show strong growth in the next few years. As a leader in each category, it’s likely that ABT stock will lean into that growth.
The company has increased revenue by an average of more than 15% for the last five years and some analysts expect to see continued double-digit earnings growth in the next five years as well.
Inflation Stocks to Buy: Deere & Co (DE)
Source: mark stephens photography / Shutterstock.com
Deere & Co. is known for its signature green and yellow equipment. It manufactures the tractors, backhoe loaders, excavators and other industrial equipment that will likely be in high demand as infrastructure funding is spent.
This is especially true as farmers look to capitalize on rising crop prices and demand for new home construction remains strong.
After recording a double beat in its last earnings report, DE stock plummeted. Its earnings per share were down sharply from the prior year. At the time, the sell-off seemed overdone. Sure enough, just two months later, Deere stock is on the rise again.
DE stock is approaching the top of its 52-week range but analysts still have it as a “buy.” The company is expected to post strong earnings per share when it reports in May. If it meets or exceeds that expectation and follows it up with strong guidance, the price target will likely rise.
Nucor (NUE)
Source: Shutterstock
Moving to the materials sector brings me to Nucor. It’s the largest steel manufacturer in the United States and steel demand is increasing at the nation rebuilds its infrastructure.
The company is also getting a lift because the Russian invasion of Ukraine is keeping larger steel exporters offline.
However, the company has another catalyst as Louis Navallier recently pointed out. Nucor company is making a $15 million investment in NuScale, a next-generation nuclear power company, which manufactures small, modular reactors (SMRs).
7 Cheap Stocks to Buy Before the Next Breakout
As Navallier writes, “NUE is likely investing because NuScale will need a steelmaker for containment vessels and this would make the whole operations a U.S.-made venture.”
Nucor president and CEO Leon Topalian pointed to NuScale’s clean energy focus as being consistent with its own sustainability goals. Nucor is also a strong dividend stock, having increased its dividend in each of the last 49 years.
Inflation Stocks to Buy: Lam Research Corp (LRCX)
Lam Research makes up part of a duopoly with Allied Materials (NASDAQ:AMAT). Both companies provide components to chip manufacturers.
There is some concern that the chip market may be cooling off.
That concern is being reflected in LRCX stock which is down more than 35% since the beginning of the year.
The company has reported that it expects its deferred revenue will continue to grow, though, and that’s good news for earnings growth as well.
Plus, Lam Research already has strong fundamentals including strong and growing free cash flow. Analysts seem to agree. The stock has a consensus 12-month price target of $709.52, an upside of more than 47%.
It also appears that Lam Research has a valuation that potentially leaves room on the upside and may be eyeing a stock split sometime in 2022.
Qualcomm (QCOM)
Source: jejim / Shutterstock.com
Your decision to buy Qualcomm will largely depend on how you view its growth narrative.
On the one hand, much of the company’s current revenue comes from its relationship with smartphone manufacturers.
There’s a question about how long that growth can last. That’s one reason that two analysts have lowered their price targets for Qualcomm in April.
7 High-Quality Dividend Stocks With High Yields
However, in each case the analysts still rated Qualcomm stock as a “Buy.” That may have to do with Qualcomm becoming a major player in the connected car space. To that end, Qualcomm recently signed a multi-year contract to provide its chips to Stellantis (NYSE:STLA).
Qualcomm has a reasonable valuation and the forecast for earnings and revenue support the company’s $200.61 price target which is 42% higher than the stock’s price as of this writing.
Inflation Stocks to Buy: Nike (NKE)
Source: TY Lim / Shutterstock.com
For the second time this month, I find myself recommending Nike. The company delivered a strong earnings report in late March.
As I predicted then, the company has seen a slew of increased price targets which now leaves room for the stock to post continued growth in future quarters.
To recap, the company is managing to grow margins despite the fact that costs are rising and the company is still trying to navigate supply chain disruptions. One area that is showing particular strength is e-commerce. This is an area where Nike has not always been strong.
However, as I also pointed out in my previous recommendation, NKE stock does sport a premium valuation. For now, the company is justifying that valuation; premium brands frequently prove that. I believe investors should continue to pay attention to the interest of institutional investors. Although not strongly bullish, it is increasing in recent quarters.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 Stocks to Buy If You Think Inflation Is Topping Out appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips UnitedHealth Group (NYSE:UNH) – This managed care leader offers double-digit earnings and dividend growth Abbott Laboratories (NYSE:ABT) – A dividend king with a forecast for continued revenue and earnings growth Deere & Co. (NYSE:DE) – Well positioned for strong demand in the second quarter Nucor (NYSE:NUE) – A savvy investment in clean energy adds another vertical Lam Research Corp (NASDAQ:LRCX) – An undervalued semiconductor stock with strong free cash flow Qualcomm (NASDAQ:QCOM) – A major move into the connected car sector supports an attractive valuation Nike (NYSE:NKE) – Further proof that premium brands can support a premium valuation Source: Sauko Andrei / Shutterstock Inflation remains a top-of-mind concern for investors as they look for the best stocks to buy, and April’s Consumer Price Index (CPI) and Producer Price Index (PPI) readings did nothing to change that. The core CPI number (the one that excludes food and groceries) came in lower than expected at 0.3% versus an expected 0.5%. UNH UnitedHealth Group $537.44 ABT Abbott Laboratories $123.37 DE Deere & Co $424.36 NUE Nucor $175.59 LRCX Lam Research Corp $469.51 QCOM Qualcomm $136.11 NKE Nike $135.46 Inflation Stocks to Buy: UnitedHealth Group (UNH) Source: Ken Wolter / Shutterstock.com UnitedHealth Group is becoming a giant in the managed health care sector.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips UnitedHealth Group (NYSE:UNH) – This managed care leader offers double-digit earnings and dividend growth Abbott Laboratories (NYSE:ABT) – A dividend king with a forecast for continued revenue and earnings growth Deere & Co. (NYSE:DE) – Well positioned for strong demand in the second quarter Nucor (NYSE:NUE) – A savvy investment in clean energy adds another vertical Lam Research Corp (NASDAQ:LRCX) – An undervalued semiconductor stock with strong free cash flow Qualcomm (NASDAQ:QCOM) – A major move into the connected car sector supports an attractive valuation Nike (NYSE:NKE) – Further proof that premium brands can support a premium valuation Source: Sauko Andrei / Shutterstock Inflation remains a top-of-mind concern for investors as they look for the best stocks to buy, and April’s Consumer Price Index (CPI) and Producer Price Index (PPI) readings did nothing to change that. UNH UnitedHealth Group $537.44 ABT Abbott Laboratories $123.37 DE Deere & Co $424.36 NUE Nucor $175.59 LRCX Lam Research Corp $469.51 QCOM Qualcomm $136.11 NKE Nike $135.46 Inflation Stocks to Buy: UnitedHealth Group (UNH) Source: Ken Wolter / Shutterstock.com UnitedHealth Group is becoming a giant in the managed health care sector. The core CPI number (the one that excludes food and groceries) came in lower than expected at 0.3% versus an expected 0.5%.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips UnitedHealth Group (NYSE:UNH) – This managed care leader offers double-digit earnings and dividend growth Abbott Laboratories (NYSE:ABT) – A dividend king with a forecast for continued revenue and earnings growth Deere & Co. (NYSE:DE) – Well positioned for strong demand in the second quarter Nucor (NYSE:NUE) – A savvy investment in clean energy adds another vertical Lam Research Corp (NASDAQ:LRCX) – An undervalued semiconductor stock with strong free cash flow Qualcomm (NASDAQ:QCOM) – A major move into the connected car sector supports an attractive valuation Nike (NYSE:NKE) – Further proof that premium brands can support a premium valuation Source: Sauko Andrei / Shutterstock Inflation remains a top-of-mind concern for investors as they look for the best stocks to buy, and April’s Consumer Price Index (CPI) and Producer Price Index (PPI) readings did nothing to change that. UNH UnitedHealth Group $537.44 ABT Abbott Laboratories $123.37 DE Deere & Co $424.36 NUE Nucor $175.59 LRCX Lam Research Corp $469.51 QCOM Qualcomm $136.11 NKE Nike $135.46 Inflation Stocks to Buy: UnitedHealth Group (UNH) Source: Ken Wolter / Shutterstock.com UnitedHealth Group is becoming a giant in the managed health care sector. The core CPI number (the one that excludes food and groceries) came in lower than expected at 0.3% versus an expected 0.5%.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips UnitedHealth Group (NYSE:UNH) – This managed care leader offers double-digit earnings and dividend growth Abbott Laboratories (NYSE:ABT) – A dividend king with a forecast for continued revenue and earnings growth Deere & Co. (NYSE:DE) – Well positioned for strong demand in the second quarter Nucor (NYSE:NUE) – A savvy investment in clean energy adds another vertical Lam Research Corp (NASDAQ:LRCX) – An undervalued semiconductor stock with strong free cash flow Qualcomm (NASDAQ:QCOM) – A major move into the connected car sector supports an attractive valuation Nike (NYSE:NKE) – Further proof that premium brands can support a premium valuation Source: Sauko Andrei / Shutterstock Inflation remains a top-of-mind concern for investors as they look for the best stocks to buy, and April’s Consumer Price Index (CPI) and Producer Price Index (PPI) readings did nothing to change that. Nucor is also a strong dividend stock, having increased its dividend in each of the last 49 years. The core CPI number (the one that excludes food and groceries) came in lower than expected at 0.3% versus an expected 0.5%.
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2022-04-21 00:00:00 UTC
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What's in the Offing for Avery Dennison's (AVY) Q1 Earnings?
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Avery Dennison Corporation AVY is scheduled to report first-quarter 2022 results before the opening bell on Apr 26.
Q1 Estimates
The Zacks Consensus Estimate for the first-quarter total sales is pegged at $2.30 billion, suggesting an improvement of 12% from the prior-year quarter’s figure. The consensus mark for the company’s earnings per share is pinned at $2.18, indicating a year-over-year decline of 9.2%. The estimate has been unchanged in the past 30 days.
Q4 Performance
In the last reported quarter, Avery Dennison’s bottom line missed the Zacks Consensus Estimate and declined year over year. The top line beat the consensus mark and increased year on year. The company has a trailing four-quarter earnings surprise of 7.6%, on average.
Factors at Play
Avery Dennison is witnessing solid demand for the labeling of non-durable consumer goods like food, beverage, home and personal care products in response to the pandemic. This is likely to get reflected in the company’s first-quarter sales results, as around 40% of its revenues come from these products. Focus on acquisitions and growth in high-value product categories are likely to have contributed to the company’s performance during the March-end quarter.
The Zacks Consensus Estimate for the Label and Graphic Materials segment’s first-quarter sales is currently pegged at $1,505 million, calling for a year-over-year increase of 9.3%. Strong demand for consumer-packaged goods and e-commerce trends are likely to have aided the business during the quarter. Volume improvement, focus on high-value categories led by specialty labels, productivity initiatives and continued margin expansion are anticipated to have buoyed the segment’s sales during the quarter under review. The Zacks Consensus Estimate for the segment’s adjusted operating income is pegged at $194 million, suggesting a year-over-year decline of 14.2%.
The Zacks Consensus Estimate for the Industrial and Healthcare Materials segment’s quarterly sales is pinned at $203 million, indicating an increase from the prior-year quarter’s $192 million. Demand rebound for industrial products and focus on investments are likely to have aided the segment in the quarter to be reported. .
The Zacks Consensus Estimate for the Retail Branding and Information Solutions segment’s January-March quarter sales is pegged at $612 million, calling for an increase of 27% from the prior-year quarter's figure of $483 million. Consistent strength in Radio-frequency identification, strong growth in Intelligent Labels business and high-value categories and robust growth in external embellishments are likely to have boosted the segment’s first-quarter sales. The segment is recording growth in new applications within food and logistics, while the company invests in digital capabilities and solutions. The Zacks Consensus Estimate for the segment’s operating income is pegged at $71 million compared with the prior-year quarter’s $60 million.
Avery Dennison is executing several pricing and re-engineering actions to mitigate inflationary cost pressure. It has also announced additional price increases in most of its businesses worldwide. These are likely to have supported the company’s margins during the quarter in the discussion. Supply-chain-related challenges, unfavorable impacts of foreign currency translation and rising raw material, labor and freight costs might have offset these benefits during the first quarter.
Avery Dennison Corporation Price and EPS Surprise
Avery Dennison Corporation price-eps-surprise | Avery Dennison Corporation Quote
What the Zacks Model Indicates
Our proven model does not conclusively predict an earnings beat for Avery Dennison this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: Avery Dennison has an Earnings ESP of -3.91%.
Zacks Rank: Avery Dennison currently carries a Zacks Rank of 3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price Performance
Avery Dennison’s shares have lost 14.4% in the past year compared with the industry’s decline of 9.8%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings Estimates
Here are some Industrial Products stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Deere & Company DE currently has an Earnings ESP of +0.28% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is currently pegged at $6.68 per share, suggesting 17.6% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $13.5 billion, highlighting year-over-year growth of 22.5%. Deere has a trailing four-quarter earnings surprise of 20.6%, on average. It has a long-term earnings growth of 13.5%.
Illinois Tool Works Inc. ITW currently has an Earnings ESP of +0.46% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter 2022 earnings has dropped 0.9% in the past 30 days and is currently pegged at $2.05 per share. The projection indicates a 2.8% decline from the prior-year quarter’s tally.
The Zacks Consensus Estimate for Illinois Tool’s quarterly revenues is pegged at $3.7 billion, which indicates a year-over-year improvement of 6.3%. ITW has a trailing four-quarter earnings surprise of 3.7%, on average.
John Bean Technologies Corporation JBT currently has an Earnings ESP of +3.57% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter 2022 earnings have been stable in the past 30 days to 56 cents per share, suggesting year-over-year decline of 37.8%.
The Zacks Consensus Estimate for John Bean’s quarterly revenues is pegged at $441 million, which indicates an increase of 5.5% from the prior-year quarter’s levels. It has a trailing four-quarter earnings surprise of 0.93%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 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.
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Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
John Bean Technologies Corporation (JBT): 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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Factors at Play Avery Dennison is witnessing solid demand for the labeling of non-durable consumer goods like food, beverage, home and personal care products in response to the pandemic. Volume improvement, focus on high-value categories led by specialty labels, productivity initiatives and continued margin expansion are anticipated to have buoyed the segment’s sales during the quarter under review. Avery Dennison Corporation AVY is scheduled to report first-quarter 2022 results before the opening bell on Apr 26.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation price-eps-surprise | Avery Dennison Corporation Quote What the Zacks Model Indicates Our proven model does not conclusively predict an earnings beat for Avery Dennison this time around. Avery Dennison Corporation AVY is scheduled to report first-quarter 2022 results before the opening bell on Apr 26. The consensus mark for the company’s earnings per share is pinned at $2.18, indicating a year-over-year decline of 9.2%.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation price-eps-surprise | Avery Dennison Corporation Quote What the Zacks Model Indicates Our proven model does not conclusively predict an earnings beat for Avery Dennison this time around. Avery Dennison Corporation AVY is scheduled to report first-quarter 2022 results before the opening bell on Apr 26. The consensus mark for the company’s earnings per share is pinned at $2.18, indicating a year-over-year decline of 9.2%.
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Earnings ESP: Avery Dennison has an Earnings ESP of -3.91%. Deere & Company DE currently has an Earnings ESP of +0.28% and a Zacks Rank of 2. Avery Dennison Corporation (AVY): Free Stock Analysis Report
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2022-04-19 00:00:00 UTC
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4 Stocks to Buy as Industrial Production Continues to Rise
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The U.S. economy is fast getting back on its feet with more people going back to work, as factories and businesses operate at the optimum level. This has seen industrial production grow almost every month. Also, industrial production finally got a push in March from higher output from the automotive sector, which has lately been struggling due to semiconductor shortage.
Also, manufacturing activity rose in March despite multiple challenges such as rising costs of raw materials and a supply chain crisis. Given this scenario, industrial stocks like Nordson Corporation NDSN, H&E Equipment Services, Inc. HEES, Deere & Company DE and Titan International, Inc. TWI are expected to benefit in the near term.
Industrial Output Increases
The Fed said on Apr 15 that U.S. industrial production increased 0.9% in March against expectations of a rise of 0.4%. This is now the third consecutive month when industrial production has increased. Industrial production had increased 0.9% in February. Moreover, on a year-over-year basis, industrial production jumped 5.5% in March.
Industrial production includes output at factories, mines and utilities. Capacity utilization increased to 78.3% in March against expectations of a rise of 77.8%. One of the major reasons behind the jump was the higher production of automobiles.
Automobile production had slowed last year owing to semiconductor shortage and supply chain crisis but has been picking up this year. March was one of the best months for automobile makers, which eventually drove industrial output. Motor vehicle production jumped 7.8% in March, contributing to an increase of 3.9% in overall industrial production.
Overall industrial production rose 8.1% in the first quarter on a year-over-year basis.
Manufacturing Activity Aiding Economy
The manufacturing sector has been on solid ground for quite some time now. The peak of the pandemic saw people spending more on goods and less on services. This helped the manufacturing sector grow at an impressive pace on greater demand for goods.
People once again started spending on services as the economy began reopening but that hasn’t impacted manufacturing output as demand for goods remains high. On the other hand, manufacturing, which accounts for 11.9% of the U.S. economy, has been struggling to cope with an extremely tight labor market, while supply bottlenecks remain a cause of concern due to COVID-induced lockdowns in China and the Russia-Ukraine war.
Even then, the manufacturing sector has managed to survive. Manufacturing output rose 0.9% in March. On an annualized rate, manufacturing output jumped 5.1% in the first quarter. Overall production grew 8.1% in March, the highest since the end of 2020.
The index for mining increased 1.7%, while that for utilities rose 0.4% in March.
As people get back to work, the U.S. employment level is again on the rise. More employment means more income and spending power. Thus, it is likely that as people get the confidence to spend more, demand for U.S.-made factory goods will only increase in the near term.
Our Choices
Given this scenario, it would be ideal to invest in the four stocks we have picked below. All these stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns. You can see the complete list of today’s Zacks #1 Rank stocks here.
Nordson Corporation is one of the leading manufacturers as well as distributors of products and systems designed to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. NDSN’s product line includes single-use components, stand-alone units for low-volume operations and microprocessor-based automated systems for high-speed, high-volume production lines. Nordson Corporation has operations in over 35 countries.
Nordson Corporation’s expected earnings growth for the current year is 16.9%. The Zacks Consensus Estimate for next-year earnings has improved 12.4% over the past 60 days. NDSN Electron has a Zacks Rank #2.
H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States. HEES provides full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States. H&E Equipment Services is focused on heavy construction & industrial equipment and rents, sells and provides parts and service support for four core categories of specialized equipment that are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks.
H&E Equipment Services’ expected earnings growth for the current year is 34.9%. The Zacks Consensus Estimate for next-year earnings has improved 9.6% over the past 60 days. HEES Electron sports a Zacks Rank #1.
Deere & Company is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. DE is the 68th-largest company in the S&P 500 Index, with market capitalization of more than $134 billion. Deere & Company has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors.
Deere & Company’s expected earnings growth for the current year is 19.9%. The Zacks Consensus Estimate for next-year earnings has improved 0.3% over the past 60 days. DE carries a Zacks Rank #2.
Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. TWI globally produces a broad range of products to meet the specifications of original equipment manufacturers and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.
Titan International’s expected earnings growth for the current year is 36.5%. The Zacks Consensus Estimate for next-year earnings has improved 19.6% over the past 60 days. TWI carries a Zacks Rank #1.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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Deere & Company (DE): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Titan International, Inc. (TWI): Free Stock Analysis Report
H&E Equipment Services, Inc. (HEES): 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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Given this scenario, industrial stocks like Nordson Corporation NDSN, H&E Equipment Services, Inc. HEES, Deere & Company DE and Titan International, Inc. TWI are expected to benefit in the near term. Nordson Corporation is one of the leading manufacturers as well as distributors of products and systems designed to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Also, manufacturing activity rose in March despite multiple challenges such as rising costs of raw materials and a supply chain crisis.
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Given this scenario, industrial stocks like Nordson Corporation NDSN, H&E Equipment Services, Inc. HEES, Deere & Company DE and Titan International, Inc. TWI are expected to benefit in the near term. Deere & Company (DE): Free Stock Analysis Report Also, manufacturing activity rose in March despite multiple challenges such as rising costs of raw materials and a supply chain crisis.
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Given this scenario, industrial stocks like Nordson Corporation NDSN, H&E Equipment Services, Inc. HEES, Deere & Company DE and Titan International, Inc. TWI are expected to benefit in the near term. H&E Equipment Services is focused on heavy construction & industrial equipment and rents, sells and provides parts and service support for four core categories of specialized equipment that are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks. Also, manufacturing activity rose in March despite multiple challenges such as rising costs of raw materials and a supply chain crisis.
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Given this scenario, industrial stocks like Nordson Corporation NDSN, H&E Equipment Services, Inc. HEES, Deere & Company DE and Titan International, Inc. TWI are expected to benefit in the near term. Industrial production includes output at factories, mines and utilities. Also, manufacturing activity rose in March despite multiple challenges such as rising costs of raw materials and a supply chain crisis.
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2022-04-18 00:00:00 UTC
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Notable Monday Option Activity: LRCX, DE, SCHW
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-lrcx-de-schw
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lam Research Corp (Symbol: LRCX), where a total volume of 5,566 contracts has been traded thus far today, a contract volume which is representative of approximately 556,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of LRCX's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $640 strike call option expiring July 15, 2022, with 302 contracts trading so far today, representing approximately 30,200 underlying shares of LRCX. Below is a chart showing LRCX's trailing twelve month trading history, with the $640 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 7,768 contracts thus far today. That number of contracts represents approximately 776,800 underlying shares, working out to a sizeable 42.9% of DE's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $580 strike call option expiring August 19, 2022, with 513 contracts trading so far today, representing approximately 51,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $580 strike highlighted in orange:
And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 34,728 contracts, representing approximately 3.5 million underlying shares or approximately 42.7% of SCHW's average daily trading volume over the past month, of 8.1 million shares. Especially high volume was seen for the $75 strike call option expiring April 22, 2022, with 4,145 contracts trading so far today, representing approximately 414,500 underlying shares of SCHW. Below is a chart showing SCHW's trailing twelve month trading history, with the $75 strike highlighted in orange:
For the various different available expirations for LRCX options, DE options, or SCHW options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $640 strike call option expiring July 15, 2022, with 302 contracts trading so far today, representing approximately 30,200 underlying shares of LRCX. Particularly high volume was seen for the $580 strike call option expiring August 19, 2022, with 513 contracts trading so far today, representing approximately 51,300 underlying shares of DE. Especially high volume was seen for the $75 strike call option expiring April 22, 2022, with 4,145 contracts trading so far today, representing approximately 414,500 underlying shares of SCHW.
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Below is a chart showing LRCX's trailing twelve month trading history, with the $640 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 7,768 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $580 strike highlighted in orange: And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 34,728 contracts, representing approximately 3.5 million underlying shares or approximately 42.7% of SCHW's average daily trading volume over the past month, of 8.1 million shares. Below is a chart showing SCHW's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for LRCX options, DE options, or SCHW options, visit StockOptionsChannel.com.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lam Research Corp (Symbol: LRCX), where a total volume of 5,566 contracts has been traded thus far today, a contract volume which is representative of approximately 556,600 underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $640 strike call option expiring July 15, 2022, with 302 contracts trading so far today, representing approximately 30,200 underlying shares of LRCX. Below is a chart showing DE's trailing twelve month trading history, with the $580 strike highlighted in orange: And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 34,728 contracts, representing approximately 3.5 million underlying shares or approximately 42.7% of SCHW's average daily trading volume over the past month, of 8.1 million shares.
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Especially high volume was seen for the $640 strike call option expiring July 15, 2022, with 302 contracts trading so far today, representing approximately 30,200 underlying shares of LRCX. Below is a chart showing DE's trailing twelve month trading history, with the $580 strike highlighted in orange: And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 34,728 contracts, representing approximately 3.5 million underlying shares or approximately 42.7% of SCHW's average daily trading volume over the past month, of 8.1 million shares. Below is a chart showing SCHW's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for LRCX options, DE options, or SCHW options, visit StockOptionsChannel.com.
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2022-04-18 00:00:00 UTC
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Top Stock Picks for Week of April 18, 2022
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https://www.nasdaq.com/articles/top-stock-picks-for-week-of-april-18-2022
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Deere & Company DE is the world’s largest producer of agricultural equipment. Deere expects fiscal 2022 net income between $6.7 billion and $7.1 billion. The ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. 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. Deere’s shares have gained since the company reported first-quarter fiscal 2022 earnings on Feb 18. Earnings and sales surpassed the respective Zacks Consensus Estimates.
Occidental Petroleum Corporation OXY is an integrated oil and gas company, with significant exploration and production exposure. Occidental Petroleum’s continues to increase production from its high-quality asset holdings and lower outstanding debts through proceeds from non-core assets sale. Acquisition of Anadarko, investment to strengthen infrastructure and its Permian Basin exposure continues to boost performance of Occidental. The company has achieved the $10-billion divestiture goal through non-core assets sale. Occidental cost-management initiatives will boost margins and aim at net-zero emissions by 2050. Shares of Occidental have outperformed the industry in the past six months. The company will continue with efficient cost-management initiatives in 2022 as well. The cost savings are embedded in the company’s operations. Occidental is trying to find new avenues to lower costs and expand margins. Occidental Petroleum has been a consistent payer of dividend, thanks to its strong performance, driven by consistent growth in production and cash flow levels. The company has increased its dividend per share for the last 16 consecutive years.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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
Occidental Petroleum Corporation (OXY): 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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Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. Deere acquired Bear Flag Robotics, which develops autonomous driving technology compatible with existing machines.
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Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Deere & Company DE is the world’s largest producer of agricultural equipment.
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Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. Deere’s shares have gained since the company reported first-quarter fiscal 2022 earnings on Feb 18. Deere & Company (DE): Free Stock Analysis Report
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Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. Deere’s shares have gained since the company reported first-quarter fiscal 2022 earnings on Feb 18. Deere & Company DE is the world’s largest producer of agricultural equipment.
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2022-04-18 00:00:00 UTC
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Strong Revenue Trends And Better Prospects Make Caterpillar Stock A Good Pick
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https://www.nasdaq.com/articles/strong-revenue-trends-and-better-prospects-make-caterpillar-stock-a-good-pick
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Despite its comparatively higher valuation, we think Caterpillar stock (NYSE: CAT) is currently a better pick than Cummins stock (NYSE: CMI). CAT stock is trading at 2.3x trailing revenues compared to 1.1x for CMI stock. Although both the companies have seen a rise in revenue over the recent past, Caterpillar has fared better.
If we look at stock returns, Caterpillar’s 6% fall is better than the -26% change for Cummins over the last twelve months. This compares with 6% growth in the broader S&P 500 index. While both the companies are likely to see continued top-line expansion, Caterpillar is expected to outperform. There is more to the comparison, and in the sections below, we discuss why we believe that CAT stock will offer better returns than CMI stock in the next three years. We compare a slew of factors such as historical revenue growth, returns, and valuation multiple in an interactive dashboard analysis of Cummins vs. Caterpillar: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Caterpillar’s Revenue Growth Has Been Stronger In The Recent Past
Both companies posted sales growth over the last twelve months. Still, Caterpillar’s revenue growth of 22% is marginally higher than 21% for Cummins.
Looking at a longer time frame, Caterpillar’s sales declined 7% to $51 billion in 2021, compared to $54.7 billion in 2018, while Cummins’ sales grew 1% to $24.0 billion in 2021, compared to $23.8 billion in 2018.
Caterpillar’s revenue growth over the recent past has been driven by a recovery in construction and a better pricing environment.
Furthermore, given the Ukraine crisis, it is likely that there will be an increased diversification of energy supplies. The recent surge in commodity prices following Russia’s invasion of Ukraine will also bode well for Caterpillar’s business.
Cummins, an industrial company best known for its engines and power generation products, has seen its stock weighed down due to concerns around the future of its core business. Governments worldwide are looking to ban the use of combustion engines in the next decade or so. California has pledged to make all new passenger cars and trucks zero-emission by 2035 and is looking to make all heavy-duty vehicles zero-emission by 2045, where feasible.
Although the timeline appears far off, businesses will likely begin the transition much earlier, posing a threat to Cummins’ core business.
Earlier this month, The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced new fuel economy standards for the model year 2024 and above.
Cummins has been increasingly focusing on cleaner alternatives, and investing in hydrogen technology. While traditional renewable energy sources such as solar and wind are being used in the electricity generation and transportation markets, hydrogen is likely to be crucial to helping decarbonize sectors, including aviation, shipping, and heavy industries such as steel and cement. Our coverage of hydrogen economy stocks has more details.
Cummins is in the early stage of its new power business around hydrogen technology with a <0.5% revenue contribution.
Our Cummins Revenue and Caterpillar Revenue dashboards provide more insight into the companies’ sales.
Caterpillar’s revenue is expected to grow faster than Cummins over the next three years. The table below summarizes our revenue expectations for the two companies over the next three years. It points to a CAGR of 12.8% for Caterpillar, compared to a just 1.6% CAGR for Cummins, based on Trefis Machine Learning analysis.
Note that we have different methodologies for companies negatively impacted by Covid and for companies 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
Caterpillar’s operating margin of 12.5% over the last twelve months is marginally higher than 11.9% for Cummins.
This compares with 14.6% and 11.5% figures seen in 2019, before the pandemic, respectively.
Caterpillar’s free cash flow margin of 14% is also better than 9% for Cummins.
Our Cummins Operating Income and Caterpillar Operating Income dashboards have more details.
Looking at financial risk, Caterpillar’s 5% debt as a percentage of equity is lower than 14% for Cummins, while its 11% cash as a percentage of assets is also lower than 16% for Cummins, implying that Caterpillar has a better debt position and Cummins has more cash cushion.
3. The Net of It All
We see that Cummins has demonstrated marginally better revenue growth, in the long run, it has more cash cushion and is available at a relatively lower valuation. However, Caterpillar is more profitable.
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.
The table below summarizes our revenue and return expectation for both companies over the next three years and points to an expected return of 23% for CAT over this period vs. a 2% expected return for CMI stock, implying that investors are better off buying CAT over CMI, based on Trefis Machine Learning analysis – Cummins vs. Caterpillar – which also provides more details on how we arrive at these numbers.
While CAT stock is likely to outperform CMI in the future, 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 how counter-intuitive the stock valuation is for Caterpillar vs. Steven Madden.
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 Apr 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
CMI Return -6% -12% 41%
CAT Return -3% 5% 134%
S&P 500 Return -3% -8% 96%
Trefis Multi-Strategy Portfolio -2% -9% 257%
[1] Month-to-date and year-to-date as of 4/13/2022
[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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Earlier this month, The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced new fuel economy standards for the model year 2024 and above. While traditional renewable energy sources such as solar and wind are being used in the electricity generation and transportation markets, hydrogen is likely to be crucial to helping decarbonize sectors, including aviation, shipping, and heavy industries such as steel and cement. Despite its comparatively higher valuation, we think Caterpillar stock (NYSE: CAT) is currently a better pick than Cummins stock (NYSE: CMI).
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The table below summarizes our revenue and return expectation for both companies over the next three years and points to an expected return of 23% for CAT over this period vs. a 2% expected return for CMI stock, implying that investors are better off buying CAT over CMI, based on Trefis Machine Learning analysis – Cummins vs. Caterpillar – which also provides more details on how we arrive at these numbers. Despite its comparatively higher valuation, we think Caterpillar stock (NYSE: CAT) is currently a better pick than Cummins stock (NYSE: CMI). This compares with 6% growth in the broader S&P 500 index.
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Looking at financial risk, Caterpillar’s 5% debt as a percentage of equity is lower than 14% for Cummins, while its 11% cash as a percentage of assets is also lower than 16% for Cummins, implying that Caterpillar has a better debt position and Cummins has more cash cushion. The table below summarizes our revenue and return expectation for both companies over the next three years and points to an expected return of 23% for CAT over this period vs. a 2% expected return for CMI stock, implying that investors are better off buying CAT over CMI, based on Trefis Machine Learning analysis – Cummins vs. Caterpillar – which also provides more details on how we arrive at these numbers. Despite its comparatively higher valuation, we think Caterpillar stock (NYSE: CAT) is currently a better pick than Cummins stock (NYSE: CMI).
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The table below summarizes our revenue and return expectation for both companies over the next three years and points to an expected return of 23% for CAT over this period vs. a 2% expected return for CMI stock, implying that investors are better off buying CAT over CMI, based on Trefis Machine Learning analysis – Cummins vs. Caterpillar – which also provides more details on how we arrive at these numbers. Despite its comparatively higher valuation, we think Caterpillar stock (NYSE: CAT) is currently a better pick than Cummins stock (NYSE: CMI). This compares with 6% growth in the broader S&P 500 index.
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2022-04-18 00:00:00 UTC
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Sonoco (SON) to Report Q1 Earnings: What's in the Cards?
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Sonoco Products Company SON is scheduled to report first-quarter 2022 results on Apr 21, before the opening bell.
Q1 Estimates
The Zacks Consensus Estimate for quarterly earnings is pegged at $1.73 per share, suggesting growth of 92.2% from the year-ago quarter’s levels. The same for revenues is pegged at $1.77 billion, indicating a year-over-year improvement of 30.8%.
The Zacks Consensus Estimate for quarterly earnings has moved up 35% in the past 30 days.
A Sneak Peek at Q4
Sonoco’s fourth-quarter earnings and revenues beat the respective Zacks Consensus Estimate and increased year over year. The company has a trailing four-quarter earnings surprise of around 1.7%, on average.
Sonoco Products Company Price and EPS Surprise
Sonoco Products Company price-eps-surprise | Sonoco Products Company Quote
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Sonoco this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here, as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Sonoco has an Earnings ESP of 0.00%.
Zacks Rank: Sonoco currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to Note
Sonoco recently raised its first-quarter 2022 earnings guidance between $1.70 and $1.80 for, up from its previous guidance of $1.25-$1.35. The updated guidance indicates year-over-year growth of 75% at the mid-point. In first-quarter 2021, the company reported adjusted earnings per share of $1.00.
A strong recovery in price and cost across most of its businesses is expected to have delivered improved operating results in the first quarter. The Ball Metalpack acquisition and stellar demand in the Consumer Packaging segment and All Other groups of businesses (protective, healthcare, retail and industrial plastics) are expected to have driven bottom-line performance in the quarter under review.
Sonoco’s Consumer Packaging segment is witnessing normalization of demand from the heightened pandemic-induced at-home eating trends in the first quarter. The segment’s COVID-impacted markets, such as confectionery, food service and construction products, are likely to have benefited from solid demand recovery. The Zacks Consensus Estimate for the segment’s quarterly revenues is pegged at $885 million, suggesting year-over-year growth of 52%. The Zacks Consensus Estimate for the segment’s operating income is pegged at $130 million, up 71% from the prior-year quarter’s levels.
The company’s industrial-served markets will likely reflect benefits from continued strong demand for global tubes, cores and cones in the March-end quarter. The Zacks Consensus Estimate for the Industrial Paper Packaging segment’s first-quarter revenues is pinned at $703 million, reflecting year-over-year growth of 24%. The Zacks Consensus Estimate for the segment’s operating profit is pinned at $86 million, up 72% from the year-ago quarter’s levels.
The Zacks Consensus Estimate for All Other segment is pegged at $233 million. The Consensus Estimate for the operating profit is pegged at $22.50 million for the first quarter. Sonoco’s ThermoSafe cold chain packaging business will continue to benefit from strong demand for temperature-assured shippers for transporting COVID vaccines. The businesses that serve the automotive and appliance markets are expected to continue gaining from the demand rebound. The company's plastics business, which serves the healthcare industry, will gain from improved demand for elective surgeries.
Sonoco’s focus on optimizing businesses through productivity improvement, standardization and cost control is likely to have aided margin in the January-March quarter.
While the above-mentioned factors are likely to have driven the company’s performance in the first quarter, foreign currency translation, divestitures, non-recurring COVID-related incentives and increased SG&A expenses might have negated some of these benefits. Inflationary cost pressure from higher raw material, freight and energy is likely to get reflected in the company’s first-quarter results.
Price Performance
In the past six months, shares of Sonoco have gained 4.3% compared with the industry’s growth of 3.3%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings Estimates
Here are some Industrial Products stocks, which you might consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.
MSC Industrial Direct Co., Inc. MSM currently has an Earnings ESP of +1.84% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings has moved up 4% in the past 30 days to $1.72 per share, suggesting year-over-year growth of 21.1%.
The Zacks Consensus Estimate for MSC Industrial’s quarterly revenues is pegged at $954 million, which indicates an increase of 10.1% from the prior-year quarter’s levels.
Deere & Company DE currently has an Earnings ESP of +2.84% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is currently pegged at $6.68 per share, suggesting 17.6% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $13.5 billion, highlighting year-over-year growth of 22.5%. Deere has a trailing four-quarter earnings surprise of 20.6%, on average. It has a long-term earnings growth of 13.5%.
Illinois Tool Works Inc. ITW currently has an Earnings ESP of +0.46% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter 2022 earnings have been stable in the past 30 days and is currently pegged at $2.07 per share. The projection indicates a 1.9% decline from the prior-year quarter’s tally.
The Zacks Consensus Estimate for Illinois Tool’s quarterly revenues is pegged at $3.7 billion, which indicates a year-over-year improvement of 6.3%. ITW has a trailing four-quarter earnings surprise of 3.7%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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
Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Sonoco Products Company (SON): Free Stock Analysis Report
MSC Industrial Direct Company, Inc. (MSM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Ball Metalpack acquisition and stellar demand in the Consumer Packaging segment and All Other groups of businesses (protective, healthcare, retail and industrial plastics) are expected to have driven bottom-line performance in the quarter under review. Sonoco’s ThermoSafe cold chain packaging business will continue to benefit from strong demand for temperature-assured shippers for transporting COVID vaccines. Sonoco Products Company Price and EPS Surprise Sonoco Products Company price-eps-surprise | Sonoco Products Company Quote Earnings Whispers Our proven model does not conclusively predict an earnings beat for Sonoco this season.
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Sonoco Products Company Price and EPS Surprise Sonoco Products Company price-eps-surprise | Sonoco Products Company Quote Earnings Whispers Our proven model does not conclusively predict an earnings beat for Sonoco this season. A strong recovery in price and cost across most of its businesses is expected to have delivered improved operating results in the first quarter. The Ball Metalpack acquisition and stellar demand in the Consumer Packaging segment and All Other groups of businesses (protective, healthcare, retail and industrial plastics) are expected to have driven bottom-line performance in the quarter under review.
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Sonoco Products Company Price and EPS Surprise Sonoco Products Company price-eps-surprise | Sonoco Products Company Quote Earnings Whispers Our proven model does not conclusively predict an earnings beat for Sonoco this season. Image Source: Zacks Investment Research Stocks Poised to Beat Earnings Estimates Here are some Industrial Products stocks, which you might consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases. A strong recovery in price and cost across most of its businesses is expected to have delivered improved operating results in the first quarter.
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A strong recovery in price and cost across most of its businesses is expected to have delivered improved operating results in the first quarter. Sonoco Products Company Price and EPS Surprise Sonoco Products Company price-eps-surprise | Sonoco Products Company Quote Earnings Whispers Our proven model does not conclusively predict an earnings beat for Sonoco this season. The Ball Metalpack acquisition and stellar demand in the Consumer Packaging segment and All Other groups of businesses (protective, healthcare, retail and industrial plastics) are expected to have driven bottom-line performance in the quarter under review.
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721212.0
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2022-04-13 00:00:00 UTC
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Dover (DOV) to Report Q1 Earnings: What's in the Cards?
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https://www.nasdaq.com/articles/dover-dov-to-report-q1-earnings%3A-whats-in-the-cards
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Dover Corporation DOV will release first-quarter 2022 results before the opening bell on Apr 19.
Q4 Results
In the last reported quarter, Dover’s earnings and sales beat the respective Zacks Consensus Estimate and increased year over year. The company has a trailing four-quarter earnings surprise of 12.3%, on average.
Q1 Estimates
The Zacks Consensus Estimate for first-quarter 2022 earnings per share is currently pegged at $1.85, suggesting growth of 2.2% from the prior-year quarter’s levels. The same for total revenues is pinned at $2.03 billion, indicating a year-over-year increase of 8.8%.
Price Performance
Dover’s shares have gained 6.6% in the past year against the industry’s loss of 10.9%.
Image Source: Zacks Investment Research
Factors at Play
Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance. A strong recovery in the manufacturing sector and acquisition benefits are likely to have contributed to the company’s performance in the to-be-reported quarter.
Dover’s efforts to boost productivity and cost initiatives are anticipated to have driven margins during the quarter under review. It has been executing restructuring programs to better align costs and operations with the current market conditions through targeted facility consolidations, headcount reductions and other measures. These actions are likely to have aided the company’s quarterly performance.
Segmental Estimates
In the Engineered Products segment, demand for engineered products, vehicle service and industrial automation has been strong, which might get reflected in the March-end quarter’s top line. The Zacks Consensus Estimate for the segment’s first-quarter revenues is currently pegged at $480 million, suggesting year-over-year growth of 12%. The estimate for operating profit is pegged at $61 million, suggesting a decline of 16% from the prior-year quarter’s levels. Omicron-led absenteeism, labor shortages and higher logistics costs are likely to have affected the segment’s margin during the quarter.
The Clean Energy and Fueling Solutions segment is likely to have gained from growth in underground vehicle wash and software solutions during the January- March quarter. The Zacks Consensus Estimate for the segment’s revenues is pinned at $439 million, suggesting a year-over-year increase of 12.6%. The estimate for the operating profit is pegged at $57 million, calling for a decline from the prior-year quarter’s $67 million.
The Imaging & Identification segment’s results are likely to reflect solid demand for the consumables and fast-moving consumer goods solutions. The Zacks Consensus Estimate for the segment’s revenues is pinned at $298 million, indicating year-over-year growth of 5%. The Zacks Consensus Estimate for the segment’s operating profit is estimated at $61 million, suggesting an increase of 5% from the prior-year quarter’s levels.
In the Pumps & Process Solutions segment, robust demand for the biopharma connectors and pumps, driven by COVID vaccines and non-COVID-related pharmaceutical tailwinds, are likely to have aided the segment’s March-end quarter’s performance. The Zacks Consensus Estimate for the segment’s revenues is pegged at $437 million, suggesting year-over-year growth of 11%. The consensus mark for the segment’s first quarter’s operating profit is pegged at $138 million, indicating year-over-year growth of 13%. Positive price/cost, volume growth, productivity gains and favorable product and business mix are likely to have benefited the Imaging & Identification and Pumps & Process Solutions segments’ margins.
In the Climate and Sustainability Technologies segment, strong order rates in the food retail business and large backlogs are likely to have aided the segment’s first-quarter performance. Its heat exchanger and beverage packaging business are also seeing strong order rates. The Zacks Consensus Estimate for the segment’s quarterly revenues is currently pegged at $382 million, calling for 2.7% growth year over year. The estimate for operating profit is pegged at $37.7 million compared with the year-ago quarter’s $38 million.
What Our Zacks Model Indicates
Our proven model doesn’t conclusively predict an earnings beat for Dover this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Dover is at -2.48%.
Zacks Rank: Dover currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dover Corporation Price and EPS Surprise
Dover Corporation price-eps-surprise | Dover Corporation Quote
Stocks to Consider
Here are some Industrial Products stocks, which you might consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.
Alcoa Corporation AA currently has an Earnings ESP of +6.67% and a Zacks Rank of 1. The Zacks Consensus Estimate for first-quarter 2022 earnings has moved up 5.4% in the past 30 days to $1.90 per share, suggesting year-over-year growth of 267%.
The Zacks Consensus Estimate for Alcoa’s quarterly revenues is pegged at $3.4 billion, which indicates an increase of 19.8% from the prior-year quarter’s levels.
Deere & Company DE currently has an Earnings ESP of +2.84% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is currently pegged at $6.68 per share, suggesting 17.6% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $13.5 billion, highlighting year-over-year growth of 22.5%. Deere has a trailing four-quarter earnings surprise of 20.6%, on average. It has a long-term earnings growth of 13.5%.
Illinois Tool Works Inc. ITW currently has an Earnings ESP of +0.28% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter 2022 earnings have gone down 0.9% in the past 30 days and is currently pegged at $2.05 per share. The projection indicates 2.8% decline from the prior-year quarter’s tally.
The Zacks Consensus Estimate for Illinois Tool’s quarterly revenues is pegged at $3.7 billion, which indicates a year-over-year improvement of 6.3%. ITW has a trailing four-quarter earnings surprise of 3.7%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
Dover Corporation (DOV): 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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Image Source: Zacks Investment Research Factors at Play Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance. Dover’s efforts to boost productivity and cost initiatives are anticipated to have driven margins during the quarter under review. These actions are likely to have aided the company’s quarterly performance.
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Segmental Estimates In the Engineered Products segment, demand for engineered products, vehicle service and industrial automation has been strong, which might get reflected in the March-end quarter’s top line. Image Source: Zacks Investment Research Factors at Play Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance. Dover’s efforts to boost productivity and cost initiatives are anticipated to have driven margins during the quarter under review.
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Image Source: Zacks Investment Research Factors at Play Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance. Dover’s efforts to boost productivity and cost initiatives are anticipated to have driven margins during the quarter under review. These actions are likely to have aided the company’s quarterly performance.
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Image Source: Zacks Investment Research Factors at Play Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance. Dover Corporation Price and EPS Surprise Dover Corporation price-eps-surprise | Dover Corporation Quote Stocks to Consider Here are some Industrial Products stocks, which you might consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases. Dover’s efforts to boost productivity and cost initiatives are anticipated to have driven margins during the quarter under review.
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2022-04-13 00:00:00 UTC
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PayPal Stock: Bull vs. Bear
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https://www.nasdaq.com/articles/paypal-stock%3A-bull-vs.-bear-1
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It's tempting to think of PayPal Holdings (NASDAQ: PYPL) as something of an upstart. After all, it was spun off from parent company eBay (NASDAQ: EBAY) only seven years ago in 2015. But PayPal is already a giant. Its market cap of $129 billion makes it the 64th largest American public corporation -- sandwiched between industrial-sector mainstays Honeywell and Deere.
There's no doubt that it has come a long way in a short time. But will PayPal be able to maintain its place? Let's examine the bull and the bear case for the company.
Image source: Getty Images.
The bull case: Solid cash flow supports substantial share buybacks.
Since its spin-off from eBay, PayPal has been a growth stock. In 2021, the company reported revenue of $25.4 billion, up from $21.5 billion in 2020 for a year-over-year increase of 18%. What's more, PayPal generated $5.4 billion of free cash flow (FCF) in 2021, allowing it to repurchase $3.4 billion of stock last year alone.
PYPL free cash flow. Data by YCharts.
The company is already sitting on $18 billion in cash, and Wall Street analysts expect PayPal to grow FCF to between $7 billion and $8 billion in 2022. Flush with cash, it can expand its share repurchases and increase its stock price.
The bear case: Slowing growth and shrinking market share begin to bite.
PayPal is still growing revenue, but the growth rate is shrinking. Last year's 18% rate is down from 21% in 2020. Moreover, one of PayPal's most important products is losing steam.
TOTAL PAYMENT VOLUME (TPV) OF VENMO FROM 1ST QUARTER 2021 THROUGH 4TH QUARTER 2021 IN BILLION U.S. DOLLARS
Q1 2021 Q2 2021 Q3 2021 Q4 2021
Venmo TPV 51 58 60 60.6
The above table shows the total payment volume (TPV) at Venmo, PayPal's signature peer-to-peer payment app. As you can see, after surging in the first half of 2021, momentum stalled in the second half of last year.
Moreover, a recent survey of teens by Piper Sandler revealed some trouble for PayPal. It showed that they ranked Apple's (NASDAQ: AAPL) Apple Pay ahead of Venmo as their preferred digital payment method. Furthermore, teens ranked Block's Cash App in third place, with PayPal fourth.
There's no need to buy PayPal today
PayPal still has many strengths it can rely on. It has over 426 million active accounts, including 34 million vendor accounts. It is by far the most accepted digital wallet, with more than 76% acceptance among the top 1,500 retailers in North America and Europe (Apple Pay is second with 27%).
But its slowing growth rate is a concern. For existing holders, I see no reason to add more PayPal right now. For those without a position, I would sit tight until PayPal can demonstrate that it can boost its growth rate.
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Jake Lerch has no position in any of the stocks mentioned. The Motley Fool owns and recommends Apple, Block, Inc., and PayPal Holdings. The Motley Fool recommends eBay and recommends the following options: long March 2023 $120 calls on Apple, short April 2022 $62.50 calls on eBay, 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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Its market cap of $129 billion makes it the 64th largest American public corporation -- sandwiched between industrial-sector mainstays Honeywell and Deere. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. For existing holders, I see no reason to add more PayPal right now.
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Its market cap of $129 billion makes it the 64th largest American public corporation -- sandwiched between industrial-sector mainstays Honeywell and Deere. For existing holders, I see no reason to add more PayPal right now. For those without a position, I would sit tight until PayPal can demonstrate that it can boost its growth rate.
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Its market cap of $129 billion makes it the 64th largest American public corporation -- sandwiched between industrial-sector mainstays Honeywell and Deere. For existing holders, I see no reason to add more PayPal right now. For those without a position, I would sit tight until PayPal can demonstrate that it can boost its growth rate.
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Its market cap of $129 billion makes it the 64th largest American public corporation -- sandwiched between industrial-sector mainstays Honeywell and Deere. For existing holders, I see no reason to add more PayPal right now. For those without a position, I would sit tight until PayPal can demonstrate that it can boost its growth rate.
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721214.0
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2022-04-12 00:00:00 UTC
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Deere (DE) Up 27% in 6 Months: What's Driving the Rally?
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https://www.nasdaq.com/articles/deere-de-up-27-in-6-months%3A-whats-driving-the-rally
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Deere & Company’s DE shares have gained 27.2% in the past six months compared with the industry’s growth of 24.6%. This price appreciation can be attributed to higher agricultural commodity prices, which are fueling the demand for agricultural equipment. Improvement in the construction and forestry sector and investments in precision agriculture are contributing to this price rally.
Deere’s shares have gained 13.3% since the company reported first-quarter fiscal 2022 earnings on Feb 18. Earnings and sales surpassed the respective Zacks Consensus Estimates. Apart from this, the company’s share prices have been rising since the start of Russia's invasion of Europe.
Image Source: Zacks Investment Research
DE has a trailing four quarters earnings surprise of 20.5%, on average.
Let’s delve deeper and analyze the factors driving the stock.
Driving Factors
Deere is gaining from higher agricultural commodity prices amid supply concerns over the conflict between Russia and Ukraine. The war between the world’s largest grain exporters has stoked worries of the impending disruption of grain exports. Prices for corn and soybean, the most important grains for cash crop farming, are moving higher. An increase in commodity prices will drive farm income and encourage farmers to continue spending on agricultural equipment. This will drive Deere's top line in fiscal 2022.
Total crop cash receipts in the United States will likely be up 5.1% year over year in calendar 2022 on higher commodity prices. The U.S customer sentiment has moved up over the last few quarters with elevated exports to China. Considering these factors, Deere projects fiscal 2022 net income in the band of $6.7-$7.1 billion, suggesting an increase from $5.96 billion in fiscal 2021.
Positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022, will continue to drive farm and construction equipment demand. For the Agriculture & Turf segment, Deere expects industry sales of large agricultural equipment in the United States and Canada to be up roughly 20% for fiscal 2022. Small agricultural and turf equipment are expected to be up 15%. In Europe, industry sales are projected to be up 5% as higher commodity prices favor business conditions in the arable segment and dairy prices remain resilient. In South America, tractors and combined industry sales are likely to go up 5-10%.
Net sales for Deere’s Production and Precision Agriculture segment are anticipated to be up 25-30% for fiscal 2022. The company is also witnessing improvement in the Construction & Forestry segment, with sales projected to be up 10-15% for fiscal 2022. Earthmoving and compact equipment end markets are expected to remain strong for the fiscal year, owing to continued strength in the housing market, increased activity in the oil and gas sector and strong capex programs from the independent rental companies. Forestry equipment sales are expected to be up 10% to 15% as lumber demand remains robust. Sales in the Construction & Forestry segment are projected to be up 10-15% for fiscal 2022.
Deere is well poised for growth in the long term, backed by steady investments in new products and regions. Focus on launching innovative products equipped with advanced technologies and features as well as making investments in precision agriculture provides a competitive edge. DE is seeing strong demand from its new product launches like ExactRate planter applied fertilizer systems and AutoPath. The company envisions revolutionizing agriculture with technology and making farming automated, easy to use and more precise across the production process. Farmers’ growing reliance on advanced technology to run their complex operations smoothly will continue to fuel the company’s revenues.
Positive Growth Projection
The Zacks Consensus Estimate for fiscal 2022 earnings is currently pegged at $22.76, suggesting year-over-year growth of 19.8%. The estimate has been revised upward by 2.5% in the past 60 days.
Zacks Rank and Other Stocks to Consider
Deere currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some other top-ranked stocks in the Industrial Products sector are Greif Inc. GEF, Packaging Corporation of America PKG and Sonoco Products Company SON, each carry a Zacks Rank #2, at present.
Greif has an estimated earnings growth rate of around 16% for fiscal 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 4.2%.
GEF pulled off a trailing four-quarter earnings surprise of 14.7%, on average.
Packaging Corp has an expected earnings growth rate of 12.6% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 9.5% in the past 60 days.
PKG has a trailing four-quarter earnings surprise of 22.7%, on average. PKG’s shares have gained 9.9% in the past six months.
Sonoco has a projected earnings growth rate of 39.7% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 6.9% in the past 60 days.
SON delivered a trailing four-quarter earnings surprise of 1.74%, on average. Sonoco has moved up 4.1% in the past six months.
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Deere & Company (DE): Free Stock Analysis Report
Sonoco Products Company (SON): Free Stock Analysis Report
Packaging Corporation of America (PKG): Free Stock Analysis Report
Greif, Inc. (GEF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Driving Factors Deere is gaining from higher agricultural commodity prices amid supply concerns over the conflict between Russia and Ukraine. Positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022, will continue to drive farm and construction equipment demand. Focus on launching innovative products equipped with advanced technologies and features as well as making investments in precision agriculture provides a competitive edge.
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Positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022, will continue to drive farm and construction equipment demand. For the Agriculture & Turf segment, Deere expects industry sales of large agricultural equipment in the United States and Canada to be up roughly 20% for fiscal 2022. Deere & Company’s DE shares have gained 27.2% in the past six months compared with the industry’s growth of 24.6%.
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For the Agriculture & Turf segment, Deere expects industry sales of large agricultural equipment in the United States and Canada to be up roughly 20% for fiscal 2022. Deere & Company’s DE shares have gained 27.2% in the past six months compared with the industry’s growth of 24.6%. This price appreciation can be attributed to higher agricultural commodity prices, which are fueling the demand for agricultural equipment.
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Deere’s shares have gained 13.3% since the company reported first-quarter fiscal 2022 earnings on Feb 18. Net sales for Deere’s Production and Precision Agriculture segment are anticipated to be up 25-30% for fiscal 2022. Deere & Company’s DE shares have gained 27.2% in the past six months compared with the industry’s growth of 24.6%.
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2022-04-12 00:00:00 UTC
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3 Agriculture Stocks to Buy as Global Food Shortage Looms
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Mosaic (MOS) produces key nutrients and minerals to grow food around the world.
Archer-Daniels-Midland (ADM) is a world-leading food and beverage producer, including in grains, cocoa and animal feed.
Deere (DE) produces the necessary machinery for sustainable growth in agriculture.
Source: Shutterstock
The world is suffering a major price shock at the moment, as inflation continues to climb higher. That inflation is being felt in all sorts of sectors and industries at the moment, from gas to semiconductors to food prices. As food prices continue to move higher, agriculture stocks have been placed in focus.
The geopolitical turmoil in Eastern Europe isn’t helping matters. Given how much Russia and Ukraine export in regards to certain agricultural products — like fertilizer and wheat — supply shocks are driving up prices.
Not only have agriculture stocks been in focus from an inflation perspective, but they’ve been in focus as the stocks continue to trade incredibly well. For the most part, the first quarter of 2022 has been filled with volatility. It has left equities in a jumbled mess, while many investor favorites (particularly in tech) have felt the heat. However, that’s not the same situation when I look at agriculture stocks. Companies like Deere (NYSE:DE) and Archer-Daniels-Midland (NYSE:ADM) are trading well. Basic material companies — like Mosaic (NYSE:MOS) — continue to rack up the gains too. Fertilizer companies, miners and even grocery store stocks are doing well.
7 Oil Stocks to Buy for a Bubbly Q2
When operating in volatile times and bear markets, investors have to find where the bull market is. In this case, one such bull market is in agriculture stocks.
Ticker Company Current Price
MOS Mosaic $73.91
ADM Archer-Daniels-Midland $94.57
DE Deere $418.51
Mosaic (MOS)
For those that were around in the 2006 to 2009 era of trading, they likely remember Mosaic as part of the group of stocks that saw explosive upside gains. The company — along with other potash suppliers — saw its share prices explode higher, then drift lower for the better part of a decade.
In fact, from 1990 until 2020, Mosaic stock climbed just 17.5%. In between there was plenty of volatility and disappointment.
But we’re not focused on the last 30 years. Instead, we’re focused on the now — and right now there is plenty of demand for Mosaic’s products. With the war in Eastern Europe dragging on, farmers need to find fertilizer and nutrients to grow their crops. That in turn is driving up costs.
Just last month, the company reported that its January and February potash sales more than doubled year over year. Phosphates revenue climbed almost 40%, while Mosaic Fertilizantes revenue climbed 102%.
As it stands, analysts expect revenue to jump about 50% this year and earnings to climb 120%. Will that momentum last forever? No, but it’s here for the moment.
Archer-Daniels-Midland (ADM)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Unlike Mosaic, Archer-Daniels-Midland is not seeing an explosive move in its revenue and earnings estimates. In fact, analysts expect modest, single-digit growth expectations in 2022.
However, that didn’t stop Archer-Daniels-Midland stock from enjoying a major breakout in January and rallying more than 40% since that move. Can it continue higher solely on the stock’s momentum? Yes. Will it continue forever? No.
Sometimes, it really is as simple as that. Archer-Daniels-Midland stock pays a modest 1.7% dividend yield and despite the enormous rally it has enjoyed, shares trade at just 19 times this year’s earnings.
7 Metaverse Penny Stocks to Add to Your 10X Watchlist
So far, dips the 21-day and 10-week moving averages continue to hold as support. Look for that to be the case going forward. If the trend breaks, then this stock may very well need some time to digest. Otherwise, $100-plus remains in play.
Deere (DE)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Last but not least, we have Deere. The company is the leader in agriculture machinery. Just when investors expect this company to cool off, management finds a way to deliver. Sometimes that’s with better-than-expected earnings. Other times it’s with an increased full-year outlook.
Recently though, Deere stock just broke out of a year-long consolidation. Shares were trading between $325 and $400 for roughly one year and have now broken out over the latter. Even better, it’s holding up above $400 on the recent dip.
What investors seem to forget is, Deere stock rallied like a tech stock out of the 2020 low. Shares climbed almost 300%, but instead of cratering after the rally like many growth stocks, it entered a long-but-needed consolidation phase.
For 2022, analysts expect roughly 20% revenue and earnings growth. Even better, the latter is forecast to climb another 15% in 2023. Farmers are more in demand than ever and with that increase in demand comes an increasing need in tools and machinery.
That’s going to bode well for Deere and other agriculture stocks going forward.
On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post 3 Agriculture Stocks to Buy as Global Food Shortage Looms appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to Enlarge Source: Chart courtesy of TrendSpider Unlike Mosaic, Archer-Daniels-Midland is not seeing an explosive move in its revenue and earnings estimates. Archer-Daniels-Midland stock pays a modest 1.7% dividend yield and despite the enormous rally it has enjoyed, shares trade at just 19 times this year’s earnings. Deere (DE) produces the necessary machinery for sustainable growth in agriculture.
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Ticker Company Current Price MOS Mosaic $73.91 ADM Archer-Daniels-Midland $94.57 DE Deere $418.51 Mosaic (MOS) For those that were around in the 2006 to 2009 era of trading, they likely remember Mosaic as part of the group of stocks that saw explosive upside gains. Deere (DE) produces the necessary machinery for sustainable growth in agriculture. Not only have agriculture stocks been in focus from an inflation perspective, but they’ve been in focus as the stocks continue to trade incredibly well.
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Not only have agriculture stocks been in focus from an inflation perspective, but they’ve been in focus as the stocks continue to trade incredibly well. Ticker Company Current Price MOS Mosaic $73.91 ADM Archer-Daniels-Midland $94.57 DE Deere $418.51 Mosaic (MOS) For those that were around in the 2006 to 2009 era of trading, they likely remember Mosaic as part of the group of stocks that saw explosive upside gains. Deere (DE) produces the necessary machinery for sustainable growth in agriculture.
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Archer-Daniels-Midland stock pays a modest 1.7% dividend yield and despite the enormous rally it has enjoyed, shares trade at just 19 times this year’s earnings. Deere (DE) produces the necessary machinery for sustainable growth in agriculture. Not only have agriculture stocks been in focus from an inflation perspective, but they’ve been in focus as the stocks continue to trade incredibly well.
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2022-04-11 00:00:00 UTC
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Deere (DE) Gains As Market Dips: What You Should Know
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https://www.nasdaq.com/articles/deere-de-gains-as-market-dips%3A-what-you-should-know-1
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In the latest trading session, Deere (DE) closed at $418.51, marking a +0.05% move from the previous day. This change outpaced the S&P 500's 1.69% loss on the day. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq gained 0.14%.
Heading into today, shares of the agricultural equipment manufacturer had gained 7.4% over the past month, outpacing the Industrial Products sector's gain of 3.27% and lagging the S&P 500's gain of 7.88% in that time.
Investors will be hoping for strength from Deere as it approaches its next earnings release. On that day, Deere is projected to report earnings of $6.68 per share, which would represent year-over-year growth of 17.61%. Meanwhile, our latest consensus estimate is calling for revenue of $13.47 billion, up 22.48% from the prior-year quarter.
DE's full-year Zacks Consensus Estimates are calling for earnings of $22.76 per share and revenue of $47.68 billion. These results would represent year-over-year changes of +19.85% and +19.98%, respectively.
Investors should also note any recent changes to analyst estimates for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.39% higher. Deere is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 18.38 right now. This represents a premium compared to its industry's average Forward P/E of 16.3.
Also, we should mention that DE has a PEG ratio of 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 1.36 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com 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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In the latest trading session, Deere (DE) closed at $418.51, marking a +0.05% move from the previous day. DE's full-year Zacks Consensus Estimates are calling for earnings of $22.76 per share and revenue of $47.68 billion. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Deere & Company (DE): Free Stock Analysis Report In the latest trading session, Deere (DE) closed at $418.51, marking a +0.05% move from the previous day. Investors will be hoping for strength from Deere as it approaches its next earnings release.
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The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. In the latest trading session, Deere (DE) closed at $418.51, marking a +0.05% move from the previous day. Investors will be hoping for strength from Deere as it approaches its next earnings release.
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On that day, Deere is projected to report earnings of $6.68 per share, which would represent year-over-year growth of 17.61%. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. In the latest trading session, Deere (DE) closed at $418.51, marking a +0.05% move from the previous day.
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2022-04-11 00:00:00 UTC
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Deere (DE) Just Reclaimed the 20-Day Moving Average
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https://www.nasdaq.com/articles/deere-de-just-reclaimed-the-20-day-moving-average-0
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After reaching an important support level, Deere (DE) could be a good stock pick from a technical perspective. DE surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
Shares of DE have been moving higher over the past four weeks, up 7.4%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that DE could be poised for a continued surge.
Looking at DE's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 11 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on DE for more gains in the near future.
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After reaching an important support level, Deere (DE) could be a good stock pick from a technical perspective. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that DE could be poised for a continued surge. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on DE for more gains in the near future.
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DE surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. Looking at DE's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. Deere & Company (DE): Free Stock Analysis Report
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It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend. Deere & Company (DE): Free Stock Analysis Report
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DE surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on DE for more gains in the near future. Deere & Company (DE): Free Stock Analysis Report
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2022-04-10 00:00:00 UTC
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2 Top Dividend Growth Stocks to Buy Now
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https://www.nasdaq.com/articles/2-top-dividend-growth-stocks-to-buy-now
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Dividend-paying companies can form the bedrock of a diversified investment portfolio. That's because the best dividend stocks can provide you with a powerful way to protect and grow your wealth. They can also deliver a steadily growing stream of cash income along the way.
If that sounds appealing, read on to learn about two of the most attractive dividend growth stocks available in the market today.
Image source: Getty Images.
The farming equipment leader
Conflict in Europe is wreaking havoc on supply chains that were already under pressure from pandemic-related challenges. That's fueled a surge in commodity prices. But while input cost inflation is taking a toll on many companies' profit margins, Deere (NYSE: DE) is likely to benefit from rising food prices.
Higher prices for corn, wheat, and other grains are boosting profits for farmers. That's allowing them to invest in new equipment to further improve the efficiency and profitability of their farming operations. That's where Deere comes in.
Deere is imbuing increasingly advanced technology into its equipment that enables farmers to boost yields, reduce fertilizer usage and waste, and achieve sustainability goals. This technological prowess is widening Deere's lead over its less tech-focused rivals. It's also strengthening its brand and pricing power -- at a time when U.S. food production is becoming only more vital due to major shortages in international markets.
Business, in turn, is booming. Deere's revenue jumped 24% to $44 billion in fiscal 2021, which ended on Oct. 31, while its net income soared 117% to $6 billion. Looking ahead, management expects Deere's net profits to grow to as much as $7.1 billion in fiscal 2022.
With its profits surging, Deere has ramped up its capital returns to shareholders. Its stock currently yields a modest 1%, but that's largely a function of its strong share price appreciation of over 400% in the past 10 years. Deere has more than doubled its dividend payout over the past decade, and investors can expect plenty more increases in the coming years.
The railroad titan
Union Pacific (NYSE: UNP) is another dividend stalwart that can add ballast to your portfolio during these challenging times. The company operates one of the largest railroad networks in the U.S. -- at a time when rail-based shipping services are becoming an increasingly vital component of the country's supply chain.
Strict regulations and intense homeowner opposition make it difficult to build new freight railways. Union Pacific's railroad network, in turn, has become nearly irreplaceable. That gives it a powerful competitive advantage and strong pricing power.
The ability to raise prices without overly denting shipping volumes has allowed Union Pacific to grow its sales and profits during the pandemic. Its revenue rose 12% year over year to $21.8 billion in 2021, while its operating income climbed 15% to $9.3 billion. Better still, Union Pacific's earnings per share, which were boosted by $7.3 billion in stock buybacks, grew an even more impressive 21% to $9.95.
Looking ahead, shipping volumes should increase as the pandemic subsides and the economy recovers. That, combined with additional efficiency gains, should lead to more profit and dividend growth ahead. Thus, the railroad giant should have little difficulty extending its incredible streak of 123 straight years of dividend payments -- and its shares already yield a solid 2%.
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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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But while input cost inflation is taking a toll on many companies' profit margins, Deere (NYSE: DE) is likely to benefit from rising food prices. Deere is imbuing increasingly advanced technology into its equipment that enables farmers to boost yields, reduce fertilizer usage and waste, and achieve sustainability goals. Dividend-paying companies can form the bedrock of a diversified investment portfolio.
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Looking ahead, management expects Deere's net profits to grow to as much as $7.1 billion in fiscal 2022. The ability to raise prices without overly denting shipping volumes has allowed Union Pacific to grow its sales and profits during the pandemic. Dividend-paying companies can form the bedrock of a diversified investment portfolio.
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The ability to raise prices without overly denting shipping volumes has allowed Union Pacific to grow its sales and profits during the pandemic. Dividend-paying companies can form the bedrock of a diversified investment portfolio. That's because the best dividend stocks can provide you with a powerful way to protect and grow your wealth.
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That's where Deere comes in. Looking ahead, management expects Deere's net profits to grow to as much as $7.1 billion in fiscal 2022. Dividend-paying companies can form the bedrock of a diversified investment portfolio.
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2022-04-08 00:00:00 UTC
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Apogee (APOG) Earnings Surpass Estimates in Q4, Rise Y/Y
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https://www.nasdaq.com/articles/apogee-apog-earnings-surpass-estimates-in-q4-rise-y-y
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Apogee Enterprises, Inc. APOG reported fourth-quarter fiscal 2022 (ended Feb 26, 2022) adjusted earnings per share (EPS) of 91 cents, surpassing the Zacks Consensus Estimate of 74 cents. The bottom line increased 44% year over year.
Including one-time items, the company reported a loss per share of 67 cents compared with the year-ago quarter's loss of $1.65 per share.
Apogee generated revenues of $328 million in the quarter under review, up 6% year over year on solid growth in the Architectural Framing Systems and Architectural Services.
Operational Update
Cost of sales in the fiscal fourth quarter fell 2% year over year to $234 million. Gross profit increased 35% year over year to $94 million. The gross margin expanded to 28.6% in the quarter from the prior-year quarter's 22.5%.
Selling, general and administrative (SG&A) expenses declined 17% year over year to $102 million. The adjusted operating income rose 26% year over year to $28 million. The operating margin in the reported quarter was 8.4% compared with the prior-year quarter's 7.1%.
Apogee Enterprises, Inc. Price, Consensus and EPS Surprise
Apogee Enterprises, Inc. price-consensus-eps-surprise-chart | Apogee Enterprises, Inc. Quote
Segment Performance
In the fiscal fourth quarter, revenues in the Architectural Framing Systems segment were up 9% year over year to $143 million, aided by pricing actions. The segment's adjusted operating profit was $5.4 million compared with the year-ago quarter's $3.5 million.
Revenues in the Architectural Glass segment declined 12% year over year to $73 million on lower volumes. The segment reported an adjusted operating income of $4.7 million, up 31% year over year.
Revenues in the Architectural Services segment rose 21% year over year to a record $99 million, attributed to higher volumes from project executions. The segment's operating profit increased 10% year over year to $12 million.
Revenues in the Large-Scale Optical Technologies segment rose 23% year over year to $27 million, driven by a favorable sales mix. The segment reported an adjusted operating profit of $6.3 million in the fiscal fourth quarter compared with the prior-year quarter's $6 million.
Backlog
The Architectural Services segment's backlog came in at $518 million at the end of the fiscal fourth quarter compared with the prior quarter’s end of $572 million. Backlog in the Architectural Framing segment amounted to $429 million, up from $419 million at the end of third-quarter fiscal 2022.
Financial Position
Apogee had cash and cash equivalents of $37.6 million at the end of fourth-quarter fiscal 2022 compared with $47 million at the end of fiscal 2021. Cash generated from operating activities was $100 million in fiscal 2022 compared with the prior-fiscal year’s $142 million.
Long-term debt was $162 million at the end of fiscal 2022 compared with $163 million at the fiscal 2021-end.
Apogee has returned $120.7 million of cash to shareholders through share repurchases and dividend payments in fiscal 2022.
Fiscal 2022 Performance
Apogee reported adjusted EPS of $2.48 in fiscal 2022 compared with $2.40 reported in the prior fiscal. Earnings beat the Zacks Consensus Estimate of $2.32. Including one-time items, the bottom line came in at 14 cents, down 76% from 59 cents reported in fiscal 2021. Sales were up 7% year over year to $1.3 billion.
Fiscal 2023 Guidance
Apogee expects fiscal 2023 adjusted EPS between $2.90 and $3.30. The company anticipates revenue growth to be primarily driven by Architectural Framing Systems in fiscal 2023. Management projects capital expenditures between $35 million and $40 million for fiscal 2023.
Price Performance
Shares of Apogee have gained 14.9% in the past six months against the industry's decline of 18.3%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Apogee currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE, each carry a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AGCO Corp has an estimated earnings growth rate of around 12% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 10.6%.
AGCO pulled off a trailing four-quarter earnings surprise of 56.6%, on average. In the past six months, the company’s shares have gained 8.8%.
Packaging Corp has an expected earnings growth rate of 12.6% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 9.5% in the past 60 days.
PKG has a trailing four-quarter earnings surprise of 22.7%, on average. PKG’s shares have gained 9.9% in the past six months.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
DE delivered a trailing four-quarter earnings surprise of 20.6%, on average. Deere has moved up 23.1% in the past six months.
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Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Packaging Corporation of America (PKG): Free Stock Analysis Report
Apogee Enterprises, Inc. (APOG): 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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Apogee Enterprises, Inc. APOG reported fourth-quarter fiscal 2022 (ended Feb 26, 2022) adjusted earnings per share (EPS) of 91 cents, surpassing the Zacks Consensus Estimate of 74 cents. Apogee generated revenues of $328 million in the quarter under review, up 6% year over year on solid growth in the Architectural Framing Systems and Architectural Services. The gross margin expanded to 28.6% in the quarter from the prior-year quarter's 22.5%.
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Apogee Enterprises, Inc. APOG reported fourth-quarter fiscal 2022 (ended Feb 26, 2022) adjusted earnings per share (EPS) of 91 cents, surpassing the Zacks Consensus Estimate of 74 cents. Apogee Enterprises, Inc. Price, Consensus and EPS Surprise Apogee Enterprises, Inc. price-consensus-eps-surprise-chart | Apogee Enterprises, Inc. Quote Segment Performance In the fiscal fourth quarter, revenues in the Architectural Framing Systems segment were up 9% year over year to $143 million, aided by pricing actions. Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE, each carry a Zacks Rank #2 (Buy), at present.
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Apogee Enterprises, Inc. Price, Consensus and EPS Surprise Apogee Enterprises, Inc. price-consensus-eps-surprise-chart | Apogee Enterprises, Inc. Quote Segment Performance In the fiscal fourth quarter, revenues in the Architectural Framing Systems segment were up 9% year over year to $143 million, aided by pricing actions. Apogee Enterprises, Inc. APOG reported fourth-quarter fiscal 2022 (ended Feb 26, 2022) adjusted earnings per share (EPS) of 91 cents, surpassing the Zacks Consensus Estimate of 74 cents. Apogee generated revenues of $328 million in the quarter under review, up 6% year over year on solid growth in the Architectural Framing Systems and Architectural Services.
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Deere & Company (DE): Free Stock Analysis Report Apogee Enterprises, Inc. APOG reported fourth-quarter fiscal 2022 (ended Feb 26, 2022) adjusted earnings per share (EPS) of 91 cents, surpassing the Zacks Consensus Estimate of 74 cents. Apogee generated revenues of $328 million in the quarter under review, up 6% year over year on solid growth in the Architectural Framing Systems and Architectural Services.
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2022-04-08 00:00:00 UTC
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If You Invested $1000 in Deere a Decade Ago, This is How Much It'd Be Worth Now
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-deere-a-decade-ago-this-is-how-much-itd-be-worth-now-0
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Deere (DE) ten years ago? It may not have been easy to hold on to DE for all that time, but if you did, how much would your investment be worth today?
Deere's Business In-Depth
With that in mind, let's take a look at Deere's main business drivers.
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 68th-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.
Beginning fiscal 2021, the company has four reportable segments. Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments:
The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment.
The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally, and turf customers. It will cater to production systems for dairy and livestock, high-value crops, and turf and utility operators. Products include certain mid-size and small tractors, and hay and forage equipment, riding and commercial lawn equipment, golf course equipment, and utility vehicles.
The Construction and Forestry (25% of revenues in fiscal 2021) segment manufactures machines and service parts used in construction, earthmoving, material handling and timber harvesting. Deere also manufactures and distributes road building equipment through its wholly-owned subsidiaries of the Wirtgen Group.
Deere also finances sales and leases for new and used equipment through its Financial Services segment, which generated 10% of the Deere’s revenues in fiscal 2021.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Deere, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in April 2012 would be worth $5,003.79, or a gain of 400.38%, as of April 8, 2022, and this return excludes dividends but includes price increases.
In comparison, the S&P 500 gained 221.89% and the price of gold went up 13.92% over the same time frame.
Analysts are anticipating more upside for DE.
Deere expects fiscal 2022 net income between $6.7 billion and $7.1 billion. The ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. However, higher material and labor costs are likely to dent margin.
The stock is up 8.28% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 11 higher, for fiscal 2022. The consensus estimate has moved up as well.
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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Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. What if you'd invested in Deere (DE) ten years ago?
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The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally, and turf customers. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Deere also finances sales and leases for new and used equipment through its Financial Services segment, which generated 10% of the Deere’s revenues in fiscal 2021. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth.
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Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. Deere & Company (DE): Free Stock Analysis Report
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2022-04-07 00:00:00 UTC
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Dover (DOV) Wraps Up the Buyout of Electric RCV Bodies
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https://www.nasdaq.com/articles/dover-dov-wraps-up-the-buyout-of-electric-rcv-bodies
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Dover Corporation DOV closed the acquisition of certain intellectual property associated to electrically operated refuse collection vehicle (“RCV”) bodies from Boivin Evolution Inc. (“BEV”). The buyout will expand the technological footprint and product portfolio of Dover’s Environmental Solutions Group (“ESG”) business unit within Dover's Engineered Products segment.
BEV is an inventor in the development of an all-electric automated side-loading RCV body, offers a zero-emission refuse truck, when combined with an electric truck chassis. BEV's RCV body can be equipped to be completely self-powered with its own battery pack and riding on conventional diesel, compressed natural gas or electric power chassis. It can also be fitted into the electric-powered chassis to use a common battery pack. An all-electric RCV uses BEV's technology, which enables waste truckers and their municipal waste customers a new technologically and economically profitable tool for sustainability initiatives.
Dover’s ESG business is a leading global provider of solutions for the waste and recycling industries. BEV's intellectual property portfolio offers ESG an additional innovative capability and an exclusive technology, which will aid ESG to support customers as they invest in alternative-fuel and sustainable RCV offerings. ESG is well poised to capitalize on the growing demand for the adoption of electric RCVs through the latest buyout while strengthening leadership in alternative fuels.
Dover focuses on investments in capacity expansions in high-growth businesses and productivity improvements across its portfolio. It has a long tradition of making successful acquisitions in diverse end markets. The company deployed $1.1 billion in nine bolt-on acquisitions in 2021, including Acme and RegO. These acquisitions are contributing to the company’s top line. Dover will remain active on the buyout front in 2022.
Dover is gaining from robust order trends across the majority of its businesses, stemming from strong end-market demand. The company is well poised to deliver robust top-line growth, margin expansion and double-digit earnings per share (EPS) growth in 2022, driven by a strong backlog, margin conversion efforts and benefits from acquisitions. DOV expects adjusted earnings per share between $8.45 and $8.65 for 2022, up from $7.63 per share reported in 2021.
In the Engineered Products segment, Dover has been witnessing solid demand for engineered products, vehicle service and industrial automation. The Clean Energy and Fueling segment will gain from underground vehicle wash and software solutions. The Imaging & Identification segment will continue to benefit from strong demand for consumables and fast-moving consumer goods solutions. The marking & coding business is expected to maintain its growth trajectory with serialization and brand protection software. In the Pumps & Process Solutions business, demand for biopharma connectors and pumps will likely be healthy, aided by the COVID vaccine and non-COVID-related pharmaceutical tailwinds. The Climate and Sustainability Technologies segment will perform well in 2022, given the large backlog and continued elevated order rates.
Price Performance
Dover’s shares have gained 11.3% in the past year against the industry’s loss of 5.2%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Dover currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE, each carry a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AGCO Corp has an estimated earnings growth rate of around 12% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 10.6%.
AGCO pulled off a trailing four-quarter earnings surprise of 56.6%, on average. In the past six months, the company’s shares have gained 13.7%.
Packaging Corp has an expected earnings growth rate of 12.6% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 0.9% in the past 60 days.
PKG has a trailing four-quarter earnings surprise of 22.7%, on average. PKG’s shares have gained 9.9% in the past six months.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
DE delivered a trailing four-quarter earnings surprise of 20.6%, on average. Deere has moved up 23.3% in the past six months.
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Dover Corporation (DOV): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Packaging Corporation of America (PKG): Free Stock Analysis Report
To read this article on Zacks.com 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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ESG is well poised to capitalize on the growing demand for the adoption of electric RCVs through the latest buyout while strengthening leadership in alternative fuels. BEV is an inventor in the development of an all-electric automated side-loading RCV body, offers a zero-emission refuse truck, when combined with an electric truck chassis. Dover’s ESG business is a leading global provider of solutions for the waste and recycling industries.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Dover currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE, each carry a Zacks Rank #2 (Buy), at present. BEV is an inventor in the development of an all-electric automated side-loading RCV body, offers a zero-emission refuse truck, when combined with an electric truck chassis.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Dover currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE, each carry a Zacks Rank #2 (Buy), at present. BEV is an inventor in the development of an all-electric automated side-loading RCV body, offers a zero-emission refuse truck, when combined with an electric truck chassis.
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Deere & Company (DE): Free Stock Analysis Report BEV is an inventor in the development of an all-electric automated side-loading RCV body, offers a zero-emission refuse truck, when combined with an electric truck chassis. Dover’s ESG business is a leading global provider of solutions for the waste and recycling industries.
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721222.0
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2022-04-06 00:00:00 UTC
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Here's Why Crown Holdings (CCK) is an Attractive Pick Now
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https://www.nasdaq.com/articles/heres-why-crown-holdings-cck-is-an-attractive-pick-now
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Crown Holdings, Inc. CCK looks promising at the moment, driven by a surge in the global beverage-can demand, as consumers prefer cans over other packaging formats. The company’s investments in the construction of new can plants and the addition of new production lines to existing facilities to capitalize on this demand trend will stoke growth.
The company currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Let's discuss the factors that make Crown Holdings stock a compelling investment option at the moment.
Price Performance
Crown Holdings’ shares have gained 23.6% in the past year compared with the industry’s growth of 9%
Image Source: Zacks Investment Research
Earnings Surprise History: The company has a trailing four-quarter earnings surprise of 15%, on average.
Return on Equity (ROE): Crown Holdings’ trailing 12-month ROE of 37.4% reinforces its growth potential. The company’s ROE is higher than the industry’s ROE of 32.3%, highlighting its efficiency in utilizing shareholders’ funds.
Underpriced: Looking at CCK’s price-to-earnings ratio, shares are underpriced at the current level, which seems to be attractive for investors. The company has a trailing P/E ratio of 15.2, which is below the industry average of 18.1.
Solid Q4 Results & Upbeat 2022 Outlook: Crown Holdings’ fourth-quarter 2021 adjusted earnings per share (EPS) of $1.66 beat the Zacks Consensus Estimate of $1.54 and increased 10.6% year over year. Revenues of $3,054 million surpassed the Zacks Consensus Estimate of $2,796 million and rose 24% year over year.
The company anticipates adjusted EPS for the current year between $8.00 and $8.20, reflecting year-over-year growth of 6% at the mid-point.
Upbeat Estimate Revision Activity: The Zacks Consensus Estimate for the company’s 2022 earnings has moved north by 3.8% over the past 60 days.
Positive Growth Projections: The Zacks Consensus Estimate for 2022 earnings is currently pegged at $8.19, suggesting year-over-year growth of 6.9%.
The stock has an estimated long-term earnings growth rate of 5%.
Other Driving Factors
In the past few years, beverage cans demand has been growing as it is the world’s most sustainable and recycled beverage packaging. An estimated 75% of new beverage product launches are now in cans. Crown Holdings is focused on growing its global beverage can business on the back of this strong demand trend. Demand will continue to outstrip supply in most global markets for the foreseeable future. Markets such as North America, Europe and Mexico are experiencing higher volumes and market expansion on increased beverage consumption. CCK continues to implement several expansion projects, including the construction of new plants and the addition of production lines to existing facilities to meet escalating can demand.
In North America, beverage can growth has been on the rise in recent years as new beverage products are being introduced in cans compared with other packaging. In 2021, 15 billion can units were imported in the United States. Crown Holdings completed the construction on four production lines across the Americas Beverage segment in 2021 to match this demand. The segment is set to commercialize an additional seven lines in 2022 and 2023. CCK’s Transit Packaging segment is gaining from increased food can volumes, higher beverage can equipment deliveries and contractual recovery of inflation.
Crown Holdings is focused on disciplined pricing, cost control and capital allocation. The company's primary capital-allocation focus will be to reduce leverage while still investing in its business. It continues to pursue growth opportunities through capacity additions to existing plants, new plants in existing markets, strategic acquisitions in geographic areas and product lines and making share repurchases.
Stocks to Consider
Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE. While AGCO flaunts a Zacks Rank #1, PKG and DE carry a Zacks Rank #2, at present.
AGCO Corp has an estimated earnings growth rate of around 12% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 10.6%.
AGCO pulled off a trailing four-quarter earnings surprise of 56.6%, on average. In the past six months, the company’s shares have gained 13.7%.
Packaging Corp has an expected earnings growth rate of 12.6% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 0.9% in the past 60 days.
PKG has a trailing four-quarter earnings surprise of 22.7%, on average. PKG’s shares have gained 9.9% in the past six months.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
DE delivered a trailing four-quarter earnings surprise of 20.6%, on average. Deere has moved up 23.3% in the past six 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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Packaging Corporation of America (PKG): Free Stock Analysis Report
Crown Holdings, Inc. (CCK): Free Stock Analysis Report
To read this article on Zacks.com 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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Crown Holdings, Inc. CCK looks promising at the moment, driven by a surge in the global beverage-can demand, as consumers prefer cans over other packaging formats. The company’s investments in the construction of new can plants and the addition of new production lines to existing facilities to capitalize on this demand trend will stoke growth. CCK continues to implement several expansion projects, including the construction of new plants and the addition of production lines to existing facilities to meet escalating can demand.
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Stocks to Consider Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE. Crown Holdings, Inc. CCK looks promising at the moment, driven by a surge in the global beverage-can demand, as consumers prefer cans over other packaging formats. The company’s investments in the construction of new can plants and the addition of new production lines to existing facilities to capitalize on this demand trend will stoke growth.
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Crown Holdings, Inc. CCK looks promising at the moment, driven by a surge in the global beverage-can demand, as consumers prefer cans over other packaging formats. The company’s investments in the construction of new can plants and the addition of new production lines to existing facilities to capitalize on this demand trend will stoke growth. The company’s ROE is higher than the industry’s ROE of 32.3%, highlighting its efficiency in utilizing shareholders’ funds.
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Crown Holdings completed the construction on four production lines across the Americas Beverage segment in 2021 to match this demand. Crown Holdings, Inc. CCK looks promising at the moment, driven by a surge in the global beverage-can demand, as consumers prefer cans over other packaging formats. The company’s investments in the construction of new can plants and the addition of new production lines to existing facilities to capitalize on this demand trend will stoke growth.
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721223.0
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2022-04-06 00:00:00 UTC
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Lindsay (LNN) Earnings & Sales Beat Estimates in Q2, Up Y/Y
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https://www.nasdaq.com/articles/lindsay-lnn-earnings-sales-beat-estimates-in-q2-up-y-y
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Lindsay Corporation LNN delivered earnings per share of $1.32 in second-quarter fiscal 2022 (ended as of Feb 28, 2022), beating the Zacks Consensus Estimate of $1.31. The bottom line increased 22% year over year on solid demand for irrigation equipment.
Lindsay generated revenues of $200 million, up 39% from $144 million reported in the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $182 million.
The company’s backlog as of Feb 28, 2022, was $111 million compared with $101.4 million witnessed as of Feb 28, 2021.
Operational Update
Cost of operating revenues rose 54% year on year to $157 million. Gross profit was up 5% to $43 million from the year-earlier quarter’s levels. Gross margin came in at 21.5% compared with the year-ago quarter’s 28.6%.
Operating expenses were $25 million during the fiscal second quarter, flat year over year. Operating income was $18 million, up from the prior-year quarter’s $16 million.
Lindsay Corporation Price, Consensus and EPS Surprise
Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote
Segment Results
The Irrigation segment revenues increased 52% year over year to around $181 million in the fiscal second quarter. North America irrigation revenues rose 26% from the year-ago quarter’s levels to $101 million, primarily on higher average selling prices. International irrigation revenues soared 108% year over year to $80 million on higher unit sales volumes and higher selling prices. The segment’s operating income increased 37% year on year to $24.7 million.
The Infrastructure segment revenues declined 23% year over year to $19 million on lower Road Zipper System sales and lease revenue. The segment reported an operating income of $0.3 million, down 95% year over year. The downside was caused by lower revenues and a less favorable margin mix of revenues compared with the prior-year quarter’s levels and under absorbed overhead costs.
Financial Position
Lindsay had cash and cash equivalents of nearly $69 million at the end of the fiscal second quarter compared with $111 million in the prior-year quarter’s end. The company’s long-term debt stood at around $115 million at the end of the fiscal second quarter, flat year over year.
Outlook
Lindsay expects to continue witnessing robust demand for irrigation equipment in North America, supported by strong agricultural commodity prices and farm income projections. In the infrastructure business, the company anticipates an increase in project activity in the second half of fiscal 2022. However, raw material cost inflation and supply chain challenges will likely persist in the near term.
Price Performance
Lindsay’s shares have declined 10% in the past year compared with the industry’s growth of 8.3%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Lindsay currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are AGCO Corporation AGCO, Packaging Corporation of America PKG and Deere and Company DE. While AGCO flaunts a Zacks Rank #1 (Strong Buy), PKG and DE carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
AGCO Corp has an estimated earnings growth rate of around 12% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 10.6%.
AGCO pulled off a trailing four-quarter earnings surprise of 56.6%, on average. In the past six months, the company’s shares have gained 13.7%.
Packaging Corp has an expected earnings growth rate of 12.6% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 0.9% in the past 60 days.
PKG has a trailing four-quarter earnings surprise of 22.7%, on average. PKG’s shares have gained 9.9% in the past six months.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
DE delivered a trailing four-quarter earnings surprise of 20.6%, on average. Deere has moved up 23.3% in the past six 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
Lindsay Corporation (LNN): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Packaging Corporation of America (PKG): 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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Lindsay Corporation LNN delivered earnings per share of $1.32 in second-quarter fiscal 2022 (ended as of Feb 28, 2022), beating the Zacks Consensus Estimate of $1.31. Outlook Lindsay expects to continue witnessing robust demand for irrigation equipment in North America, supported by strong agricultural commodity prices and farm income projections. The bottom line increased 22% year over year on solid demand for irrigation equipment.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Lindsay currently carries a Zacks Rank #3 (Hold). Lindsay Corporation LNN delivered earnings per share of $1.32 in second-quarter fiscal 2022 (ended as of Feb 28, 2022), beating the Zacks Consensus Estimate of $1.31. The bottom line increased 22% year over year on solid demand for irrigation equipment.
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The company’s long-term debt stood at around $115 million at the end of the fiscal second quarter, flat year over year. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Lindsay currently carries a Zacks Rank #3 (Hold). Lindsay Corporation LNN delivered earnings per share of $1.32 in second-quarter fiscal 2022 (ended as of Feb 28, 2022), beating the Zacks Consensus Estimate of $1.31.
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Lindsay Corporation LNN delivered earnings per share of $1.32 in second-quarter fiscal 2022 (ended as of Feb 28, 2022), beating the Zacks Consensus Estimate of $1.31. The bottom line increased 22% year over year on solid demand for irrigation equipment. The Infrastructure segment revenues declined 23% year over year to $19 million on lower Road Zipper System sales and lease revenue.
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2022-04-06 00:00:00 UTC
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6 Stocks That Moved the Market in March
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https://www.nasdaq.com/articles/6-stocks-that-moved-the-market-in-march
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March was another wild month in the stock market. The Russia-Ukraine war, changing monetary policy, rising inflation, and inflated energy prices all attracted major attention and rippled through the stock market on the back of the final month of earnings season. These factors created a volatile environment as we wrapped up the fourth-quarter earnings season. Stocks that delivered bad news took especially bad beatings as investor risk tolerance dwindled. Other stocks soared higher as investors sifted through the market looking for safety and opportunity.
Here are six stocks that were all big movers, impacted the market as a whole, and illustrated some of the major market trends in March.
Image source: Getty Images.
1. Rivian
Share prices of electric vehicle (EV) maker Rivian (NASDAQ: RIVN) dropped 25.6% in March. The stock was hit especially hard during the first half of the month as growth stocks dropped across the board. The company's March 10 earnings announcement didn't help matters either.
Rivian is struggling mightily with supply chain issues and input price inflation. These are global issues impacting every industry, but EV manufacturers are also dealing with supply shocks in the market for raw materials such as nickel, which are important for EV batteries.
As a result, Rivian announced a substantial increase in pricing for its trucks, which it partially walked back after negative customer reactions (those who already put down a deposit based on the old price were exempted from the new pricing). That whole ordeal raised major concerns for investors. It seems that Rivian is forced to choose between hurting margins or threatening demand in a competitive market. The stock for this disruptor is still trading at a price-to-sales ratio of nearly 200 even after the stock price drop, so investors need to be comfortable with major volatility as the company attempts to establish its niche in the EV market.
2. Tesla
The story was a bit different for EV powerhouse Tesla (NASDAQ: TSLA), which climbed 24% last month. Investors seem to have responded favorably to news regarding Tesla's battery supply, the launch of a factory in Berlin, and a not-yet-official stock split that should make the stock easier to trade.
There was no major news suggesting that the company's fundamentals changed drastically, but this a volatile market. Growth investors are looking for any bit of good news, and Tesla appears to be doing a good job navigating supply chain challenges. It may have also benefited from investors who soured on Rivian but still want exposure to the EV industry. After a few rocky months, investors felt a lot better about Tesla in March.
3. The Trade Desk
The Trade Desk (NASDAQ: TTD) is a cloud-based media buying platform that specializes in marketing automation technologies, products, and services that better personalize digital content delivery. The stock fell 19% in March, even though no major news was released about the company. It was an extreme example of powerful market dynamics that were influencing growth stocks last month.
The Trade Desk dropped nearly 40% during the first two weeks of the month before rallying in the back half to claw back some of those losses. It remains nearly 40% below its all-time high achieved in November 2021. Its forward P/E is around 80 right now, which is fairly expensive. Investors should expect the roller-coaster ride to continue in the current market as long as the stock's valuation remains aggressive.
The broader market got hit in March by the Federal Reserve raising interest rates as well as an escalation in the Russia-Ukraine conflict. Growth investors will hope that April settles down a bit now that investors have had a chance to digest that news.
4. Deere and 5. Caterpillar
March was a good month for industrials and value stocks. Well-known economic bellwether Caterpillar (NYSE: CAT) saw its stock climb 19%, while industrial peer Deere & Co's (NYSE: DE) stock rose nearly 16%. Those are enormous moves for such mature, large, diversified businesses. Neither company reported earnings in the month. Instead, fundamental news took a back seat to market dynamics.
Deere shares can be bought at a forward P/E ratio below 19, which is cheap in today's market. Caterpillar is a Dividend Aristocrat with a similar valuation and roughly 2% dividend yield. Investors continue to move away from growth stocks and toward the established stalwarts.
6. Okta
Cybersecurity stock Okta (NASDAQ: OKTA) fell 17% last month. Okta opened the month by beating Wall Street's quarterly earnings forecast, but the stock dropped due to a disappointing outlook for the upcoming year. That was a common theme among unprofitable growth stocks during earnings season.
These losses were compounded after the company announced a security breach late in March. Hackers were able to access Okta's internal systems in January, apparently because they had control over an engineer's computer for five days. That's an enormous embarrassment for a cybersecurity business, and it's not good for Okta's brand if a handful of teenagers could compromise its service.
Despite all of that, Okta's services don't seem to have been impacted too drastically, even though the stock was punished. The full scale of the fallout remains to be seen. However, the company still has a strong long-term growth outlook, and the stock just got cheaper.
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Ryan Downie has no position in any of the stocks mentioned. The Motley Fool owns and recommends Okta, Tesla, and The Trade Desk. 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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Investors should expect the roller-coaster ride to continue in the current market as long as the stock's valuation remains aggressive. The broader market got hit in March by the Federal Reserve raising interest rates as well as an escalation in the Russia-Ukraine conflict. Stocks that delivered bad news took especially bad beatings as investor risk tolerance dwindled.
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Stocks that delivered bad news took especially bad beatings as investor risk tolerance dwindled. These are global issues impacting every industry, but EV manufacturers are also dealing with supply shocks in the market for raw materials such as nickel, which are important for EV batteries. As a result, Rivian announced a substantial increase in pricing for its trucks, which it partially walked back after negative customer reactions (those who already put down a deposit based on the old price were exempted from the new pricing).
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Investors seem to have responded favorably to news regarding Tesla's battery supply, the launch of a factory in Berlin, and a not-yet-official stock split that should make the stock easier to trade. Stocks that delivered bad news took especially bad beatings as investor risk tolerance dwindled. These are global issues impacting every industry, but EV manufacturers are also dealing with supply shocks in the market for raw materials such as nickel, which are important for EV batteries.
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Stocks that delivered bad news took especially bad beatings as investor risk tolerance dwindled. These are global issues impacting every industry, but EV manufacturers are also dealing with supply shocks in the market for raw materials such as nickel, which are important for EV batteries. As a result, Rivian announced a substantial increase in pricing for its trucks, which it partially walked back after negative customer reactions (those who already put down a deposit based on the old price were exempted from the new pricing).
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2022-04-05 00:00:00 UTC
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Deere (DE) Stock Moves -0.9%: What You Should Know
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https://www.nasdaq.com/articles/deere-de-stock-moves-0.9%3A-what-you-should-know
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Deere (DE) closed at $413.71 in the latest trading session, marking a -0.9% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.26%. Elsewhere, the Dow lost 0.8%, while the tech-heavy Nasdaq lost 0.44%.
Prior to today's trading, shares of the agricultural equipment manufacturer had gained 13.13% over the past month. This has outpaced the Industrial Products sector's gain of 3.95% and the S&P 500's gain of 6.07% in that time.
Investors will be hoping for strength from Deere as it approaches its next earnings release. On that day, Deere is projected to report earnings of $6.68 per share, which would represent year-over-year growth of 17.61%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.5 billion, up 22.73% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $22.73 per share and revenue of $47.67 billion, which would represent changes of +19.69% and +19.96%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.29% higher within the past month. Deere is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, Deere currently has a Forward P/E ratio of 18.36. This represents a premium compared to its industry's average Forward P/E of 17.29.
We can also see that DE currently has a PEG ratio of 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DE's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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. Deere (DE) closed at $413.71 in the latest trading session, marking a -0.9% move from the prior day. Investors will be hoping for strength from Deere as it approaches its next earnings release.
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Deere (DE) closed at $413.71 in the latest trading session, marking a -0.9% move from the prior day. Investors will be hoping for strength from Deere as it approaches its next earnings release. On that day, Deere is projected to report earnings of $6.68 per share, which would represent year-over-year growth of 17.61%.
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Deere (DE) closed at $413.71 in the latest trading session, marking a -0.9% move from the prior day. Investors will be hoping for strength from Deere as it approaches its next earnings release. On that day, Deere is projected to report earnings of $6.68 per share, which would represent year-over-year growth of 17.61%.
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On that day, Deere is projected to report earnings of $6.68 per share, which would represent year-over-year growth of 17.61%. Deere (DE) closed at $413.71 in the latest trading session, marking a -0.9% move from the prior day. Investors will be hoping for strength from Deere as it approaches its next earnings release.
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141c7825-95fb-413a-9b7c-6754d648d84a
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721226.0
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2022-04-05 00:00:00 UTC
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Why Deere (DE) is a Top Stock for the Long-Term
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DE
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https://www.nasdaq.com/articles/why-deere-de-is-a-top-stock-for-the-long-term
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
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
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
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 68th-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 229.87% to $417.45 since then, and the company is a #2 (Buy) on the Zacks Rank.
For fiscal 2022, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.52 to $22.73. DE boasts an average earnings surprise of 20.6%.
Earnings for DE are forecasted to see growth of 19.7% 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 >>
Just Released: The Biggest Tech IPOs of 2022
For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.
>>See Zacks Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. 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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Deere & Company (DE): Free Stock Analysis Report It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
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It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months. 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. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months. The portfolio's past performance only solidifies why investors should consider it as a starting point.
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1ccd6396-0c9f-4788-9336-d4df58130d6d
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721227.0
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2022-04-04 00:00:00 UTC
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Manitowoc (MTW) Cuts Operations in Russia, Halts Crane Orders
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DE
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https://www.nasdaq.com/articles/manitowoc-mtw-cuts-operations-in-russia-halts-crane-orders
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nan
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nan
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The Manitowoc Company, Inc. MTW has been reducing its operations in Russia since the onset of the Russia-Ukraine war and the consequent escalating conflict in the region.
Manitowoc has stopped taking new crane orders from Russia, where it has 20 local employees. Sales to Russia contributed less than 2% to total sales of $1.72 billion in 2021. This production curtailment will likely have no impact on the company’s sales performance. The leading provider of engineered lifting solutions is constantly supporting its local team members and conducting business, adhering to all sanctions and applicable laws.
Manitowoc has been witnessing improvement in order levels and backlog over the last four quarters. Total orders in 2021 increased 43% year over year to $2,167 million. The upside can be primarily attributed to higher global demand. Strong demand as well as contributions from the recent acquisitions will boost the top line in 2022. For fiscal 2022, MTW expects revenues between $2 and $2.2 billion. The mid-point of the range indicates year-over-year growth of 22%. Adjusted earnings per share are expected between 65 cents and $1.35, which suggests 16% year-over-year growth at the midpoint.
Manitowoc is focused on improving aftermarket business through higher-margin parts and services. To support this growth, the company acquired the crane business of H&E Equipment Services, Inc. HEES last year. The buyout expanded Manitowoc’s ability to provide rentals, new sales, used sales, aftermarket parts and services to various end-market customers. H&E’s crane business operates with 11 full-service branch locations. The purchase of H&E’s crane business is an important step in its journey to grow the less cyclical part of its business.
Manitowoc is ramping up its China tower crane business and launched six new crane models, which have received positive customer feedback. China is the largest tower crane market in the world. The company invested $15 million in its tower crane rental fleet in Europe, which helped it gain market share in Germany and win some strategic orders with key accounts. In all-terrain cranes, the company has the latest models lined up for launch at Bauma, the world's leading construction machinery trade fair in 2022. These strategic initiatives will help drive substantial long-term growth.
Since the invasion of Ukraine started, various companies have pulled their business out of Russia following strict western sanctions against the country. Among other industrial companies, a major agricultural equipment manufacturer, Deere & Company DE, halted shipments to Russia and Belarus. Deere has had a presence in Russia since 1973 with a manufacturing and parts distribution facility in the south of Moscow. DE currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Construction and mining equipment manufacturing giant Caterpillar Inc. CAT decided to suspend operations in its manufacturing facilities in Russia. The company stated that operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions. Caterpillar Foundation is donating more than $1 million to support the urgent and long-term needs of the Ukraine humanitarian crisis. Caterpillar currently carries a Zacks Rank #3 (Hold).
Price Performance
In the past year, Manitowoc’s shares have declined 29.8% compared with the industry’s loss of 7.3%.
Image Source: Zacks Investment Research
Manitowoc currently carries a Zacks Rank #3.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Manitowoc Company, Inc. (MTW): Free Stock Analysis Report
Caterpillar Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
H&E Equipment Services, Inc. (HEES): 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 leading provider of engineered lifting solutions is constantly supporting its local team members and conducting business, adhering to all sanctions and applicable laws. The company invested $15 million in its tower crane rental fleet in Europe, which helped it gain market share in Germany and win some strategic orders with key accounts. In all-terrain cranes, the company has the latest models lined up for launch at Bauma, the world's leading construction machinery trade fair in 2022.
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Deere & Company (DE): Free Stock Analysis Report Manitowoc has stopped taking new crane orders from Russia, where it has 20 local employees. The leading provider of engineered lifting solutions is constantly supporting its local team members and conducting business, adhering to all sanctions and applicable laws.
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Manitowoc has stopped taking new crane orders from Russia, where it has 20 local employees. The leading provider of engineered lifting solutions is constantly supporting its local team members and conducting business, adhering to all sanctions and applicable laws. Manitowoc has been witnessing improvement in order levels and backlog over the last four quarters.
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Total orders in 2021 increased 43% year over year to $2,167 million. Manitowoc is ramping up its China tower crane business and launched six new crane models, which have received positive customer feedback. Manitowoc has stopped taking new crane orders from Russia, where it has 20 local employees.
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5d3050fa-e86b-47a9-8fe7-8de44468d5fc
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721228.0
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2022-04-04 00:00:00 UTC
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Apogee (APOG) Bets on Order Trends & Pricing Amid High Costs
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DE
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https://www.nasdaq.com/articles/apogee-apog-bets-on-order-trends-pricing-amid-high-costs
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nan
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nan
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Apogee Enterprises APOG is well-poised to benefit from new project wins and a solid backlog in its Architectural Services segment. Expected benefits from its pricing actions, cost-reduction initiatives and procurement savings are likely to boost its bottom-line results despite the cost inflation. The company’s segments have the potential to increase market share, expand into new geographies and markets, and introduce new products that will sustain growth in the long term.
Architectural Services to Drive Results
Apogee’s margins and adjusted earnings per share have improved sequentially over the past two quarters, primarily led by continued strong performance in Architectural Services. The segment has been winning several new project awards and building its project pipeline, which will support growth. Meanwhile, the Large-Scale Optical segment has been witnessing improvement in demand since the pandemic-induced declines in fiscal 2021. The Framing Systems segment’s adjusted margins have improved by 40 basis points year over year through the last three quarters despite significant supply chain and inflation headwinds. This was courtesy of the company’s pricing actions, restructuring actions and relaunch of Lean to drive plant productivity. Backed by these efforts, the segment is anticipated to deliver margin improvement henceforth.
Segments Poised Well for the Long Haul
Backed by its strong projects pipeline and improving order trends, the company expects backlog growth in fiscal 2022 as well. This is likely to drive top and bottom lines for at least the next two years. The company’s segments have the potential to increase market share, expand into new geographies and markets, and introduce new products. Apogee is refocusing on the Architectural Glass segment to drive value. It is realigning Framing Systems to support its go-to-market approach and enhance its focus on target markets. This will reduce the overall cost structure of the segment. Apogee expects to improve margin in the Architectural Glass and Framing segments over the long term, driven by its restructuring actions.
Operational Improvement Efforts to Offset Cost Woes
The company anticipates inflationary pressures to persist in the fourth quarter and in the next fiscal year as well. Apart from this, it is bearing the brunt of supply-chain disruptions. Nevertheless, the company’s ongoing operational and commercial improvements, including cost reductions, integrated product management and pricing strategies, as well as supply chain and operational efficiencies, will help negate headwinds from cost inflation.
Price Performance
Image Source: Zacks Investment Research
Shares of Apogee have gained 31.3% in the past six months against the industry's decline of 16%.
Zacks Rank & Stocks to Consider
Apogee currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. While TWI flaunts a Zacks Rank #1 (Strong Buy), AGCO and DE carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Titan International has an expected earnings growth rate of 36.5% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 51% in the past 60 days.
TWI pulled off a trailing four-quarter earnings surprise of 47.6%, on average. TWI’s shares have soared 98% over the past six months.
AGCO Corp has an estimated earnings growth rate of 12.1% for 2022. In the past 60 days, the Zacks Consensus Estimate for the year’s earnings has been revised upward by 11%.
AGCO has a trailing four-quarter earnings surprise of 56.6%, on average. Over the past six months, the company’s shares have appreciated 14%.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
Deere has a trailing four-quarter earnings surprise of 20.6%, on average. DE’s shares have climbed 23% in the past six months.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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
Apogee Enterprises, Inc. (APOG): 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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Segments Poised Well for the Long Haul Backed by its strong projects pipeline and improving order trends, the company expects backlog growth in fiscal 2022 as well. Expected benefits from its pricing actions, cost-reduction initiatives and procurement savings are likely to boost its bottom-line results despite the cost inflation. Meanwhile, the Large-Scale Optical segment has been witnessing improvement in demand since the pandemic-induced declines in fiscal 2021.
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Some better-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. While TWI flaunts a Zacks Rank #1 (Strong Buy), AGCO and DE carry a Zacks Rank #2 (Buy) at present. Expected benefits from its pricing actions, cost-reduction initiatives and procurement savings are likely to boost its bottom-line results despite the cost inflation.
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Zacks Rank & Stocks to Consider Apogee currently carries a Zacks Rank #3 (Hold). While TWI flaunts a Zacks Rank #1 (Strong Buy), AGCO and DE carry a Zacks Rank #2 (Buy) at present. Expected benefits from its pricing actions, cost-reduction initiatives and procurement savings are likely to boost its bottom-line results despite the cost inflation.
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The Framing Systems segment’s adjusted margins have improved by 40 basis points year over year through the last three quarters despite significant supply chain and inflation headwinds. Image Source: Zacks Investment Research Shares of Apogee have gained 31.3% in the past six months against the industry's decline of 16%. Expected benefits from its pricing actions, cost-reduction initiatives and procurement savings are likely to boost its bottom-line results despite the cost inflation.
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de226bf4-924f-4898-9fff-6b3c46dfa5dc
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721229.0
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2022-04-01 00:00:00 UTC
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Sonoco (SON) Buys Remaining Stake in Brazil Joint Venture
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DE
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https://www.nasdaq.com/articles/sonoco-son-buys-remaining-stake-in-brazil-joint-venture
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nan
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Sonoco Products Company SON announced that it has acquired the remaining 33% interest in Sonoco do Brasil Participacoes, Ltda — a Brazil-based flexible packaging joint venture. It is a top-tier flexible packaging supplier to several global multinational consumer packaging goods companies serving confectionery, dairy, pharmaceutical and industrial markets in Brazil.
Sonoco had acquired the 67% controlling interest in Graffo Paranaense de Embalagens S/A (“Graffo”) on Apr 1, 2015. The company had paid approximately $18.3 million for the acquisition, which included cash of $15.7 million and assumed debt of $2.6 million.
The joint venture generated sales of approximately $34 million in 2021. It operates high-quality rotogravure printing and sophisticated lamination operations and is one of the largest converters of foil-based flexible packaging in Brazil.
Recently, Sonoco raised its first-quarter 2022 earnings guidance on the back of the company’s year-to-date results. It now expects adjusted earnings per share (EPS) between $1.70 and $1.80 for the quarter, up from its previous guidance of $1.25-$1.35. The updated guidance indicates year-over-year growth of 75% at the mid-point. In first-quarter 2021, the company reported an adjusted EPS of $1.00.
A strong recovery in price and cost across most of its businesses is likely to lead to improved operating results in the quarter. The Ball Metalpack acquisition and stellar demand in the Consumer Packaging segment and All Other groups of businesses (protective, healthcare, retail and industrial plastics) are expected to drive operating performance.
SON’s balance sheet strength and availability of substantial liquidity in the form of cash and revolving credit facilities will continue to drive growth. Operating cash flow for the year is expected to be $690-$740 million, while free cash flow is expected to be between $365 million and $415 million. Both are significantly above the 2021 results.
Sonoco is gaining from strong demand in most of its consumer and industrial businesses. The company’s consumer packaging businesses experienced pandemic-driven demand for certain consumer products like food and household products last year. The company is now witnessing a normalization of demand from the heightened at-home eating trends. It anticipates the COVID-impacted markets, such as confectionery, food service and construction products, to continue on the path to recovery. The company’s industrial-served markets will gain from continued strong demand for global tubes, cores and cones. The ThermoSafe cold chain packaging business will continue to benefit from strong demand for temperature-assured shippers for transporting COVID vaccines. The company's plastics business, which serves the healthcare industry, will gain from improved demand for elective surgeries.
SON’s focus on optimizing businesses through productivity improvement, standardization and cost control will boost results. However, Sonoco will continue to bear the brunt of raw material, energy and freight cost pressures and the impact of the COVID-19 pandemic on global supply chains.
Price Performance
Image Source: Zacks Investment Research
Sonoco’s shares have gained 8.1% so far this year, against the industry’s decline of 0.9%.
Zacks Rank and Other Stocks to Consider
Sonoco currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Some other top-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. While TWI flaunts a Zacks Rank #1, AGCO and DE carry a Zacks Rank #2 (Buy) at present.
Titan International has an expected earnings growth rate of 36.5% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 51% in the past 60 days.
TWI pulled off a trailing four-quarter earnings surprise of 47.6%, on average. TWI’s shares have gained 34% year to date.
AGCO Corp has an estimated earnings growth rate of 12.1% for 2022. In the past 60 days, the Zacks Consensus Estimate for the year’s earnings has been revised upward by 11%.
AGCO has a trailing four-quarter earnings surprise of 56.6%, on average. So far this year, the company’s shares have increased 26%.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
Deere has a trailing four-quarter earnings surprise of 20.6%, on average. DE’s shares have climbed 21% in the past year.
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
Sonoco Products Company (SON): 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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The Ball Metalpack acquisition and stellar demand in the Consumer Packaging segment and All Other groups of businesses (protective, healthcare, retail and industrial plastics) are expected to drive operating performance. However, Sonoco will continue to bear the brunt of raw material, energy and freight cost pressures and the impact of the COVID-19 pandemic on global supply chains. Sonoco had acquired the 67% controlling interest in Graffo Paranaense de Embalagens S/A (“Graffo”) on Apr 1, 2015.
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Some other top-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. Deere & Company (DE): Free Stock Analysis Report Sonoco had acquired the 67% controlling interest in Graffo Paranaense de Embalagens S/A (“Graffo”) on Apr 1, 2015.
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The company’s consumer packaging businesses experienced pandemic-driven demand for certain consumer products like food and household products last year. Some other top-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. Sonoco had acquired the 67% controlling interest in Graffo Paranaense de Embalagens S/A (“Graffo”) on Apr 1, 2015.
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Sonoco is gaining from strong demand in most of its consumer and industrial businesses. Sonoco had acquired the 67% controlling interest in Graffo Paranaense de Embalagens S/A (“Graffo”) on Apr 1, 2015. The company had paid approximately $18.3 million for the acquisition, which included cash of $15.7 million and assumed debt of $2.6 million.
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c7ae6ff0-df8f-4c22-8f80-61a05273f656
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721230.0
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2022-04-01 00:00:00 UTC
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Notable ETF Outflow Detected - IWF, DE, UNP, ISRG
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DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwf-de-unp-isrg
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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 Growth ETF (Symbol: IWF) where we have detected an approximate $208.2 million dollar outflow -- that's a 0.3% decrease week over week (from 258,100,000 to 257,350,000). Among the largest underlying components of IWF, in trading today Deere & Co. (Symbol: DE) is up about 0.2%, Union Pacific Corp (Symbol: UNP) is down about 2.3%, and Intuitive Surgical Inc (Symbol: ISRG) is higher by about 0.3%. For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average:
Looking at the chart above, IWF's low point in its 52 week range is $244.16 per share, with $311.95 as the 52 week high point — that compares with a last trade of $277.81. 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 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $244.16 per share, with $311.95 as the 52 week high point — that compares with a last trade of $277.81. 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.
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For a complete list of holdings, visit the IWF Holdings page » The chart below shows the one year price performance of IWF, versus its 200 day moving average: Looking at the chart above, IWF's low point in its 52 week range is $244.16 per share, with $311.95 as the 52 week high point — that compares with a last trade of $277.81. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $208.2 million dollar outflow -- that's a 0.3% decrease week over week (from 258,100,000 to 257,350,000).
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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 $208.2 million dollar outflow -- that's a 0.3% decrease week over week (from 258,100,000 to 257,350,000). 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 $244.16 per share, with $311.95 as the 52 week high point — that compares with a last trade of $277.81. 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 $208.2 million dollar outflow -- that's a 0.3% decrease week over week (from 258,100,000 to 257,350,000). 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 $244.16 per share, with $311.95 as the 52 week high point — that compares with a last trade of $277.81. 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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4017da1e-29be-4b13-bdb6-a03efe9c41fa
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721231.0
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2022-04-01 00:00:00 UTC
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Top 10 Stocks to Buy in April
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https://www.nasdaq.com/articles/top-10-stocks-to-buy-in-april
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nan
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April has arrived, and I have 10 winners for you to explore at reasonable prices. No, this isn't an April Fool's joke.
In the video below, I provide stock analysis on 10 picks that I believe have significant upside. I provide a blend of stock picks, from hypergrowth to dividend stocks.
One of my favorite stocks on the list is Upstart (NASDAQ: UPST), a hypergrowth fintech company that harnesses the power of artificial intelligence to disrupt conventional banking loans and replace the FICO credit score. The company's platform uses over 1,500 variables to originate lending decisions for personal and auto loans. Upstart has been increasing its partnership network, and the total addressable market for auto loans alone is over $725 billion annually. Considering its guidance is merely $1.5 billion, the possibilities for growth are considerable.
Please watch the below video for nine additional stock picks, stock analysis, and potential price entries.
*Stock prices used in the below video were during the trading day of March 31, 2022. The video was published on March 31, 2022.
Find out why Upstart Holdings, Inc. 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. Upstart Holdings, Inc. is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of March 3, 2022
Eric Cuka owns Advanced Micro Devices, Deere & Company, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tesla, Upstart Holdings, Inc., and Wingstop. The Motley Fool owns and recommends Advanced Micro Devices, Domino's Pizza, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tencent Holdings, Tesla, Upstart Holdings, Inc., and Wingstop. The Motley Fool 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. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Find out why Upstart Holdings, Inc. is one of the 10 best stocks to buy now Our award-winning analyst team has spent more than a decade beating the market. *Stock Advisor returns as of March 3, 2022 Eric Cuka owns Advanced Micro Devices, Deere & Company, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tesla, Upstart Holdings, Inc., and Wingstop. In the video below, I provide stock analysis on 10 picks that I believe have significant upside.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. *Stock Advisor returns as of March 3, 2022 Eric Cuka owns Advanced Micro Devices, Deere & Company, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tesla, Upstart Holdings, Inc., and Wingstop. The Motley Fool owns and recommends Advanced Micro Devices, Domino's Pizza, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tencent Holdings, Tesla, Upstart Holdings, Inc., and Wingstop.
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Please watch the below video for nine additional stock picks, stock analysis, and potential price entries. *Stock Advisor returns as of March 3, 2022 Eric Cuka owns Advanced Micro Devices, Deere & Company, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tesla, Upstart Holdings, Inc., and Wingstop. The Motley Fool owns and recommends Advanced Micro Devices, Domino's Pizza, Etsy, Home Depot, MercadoLibre, Nvidia, Roku, Sea Limited, Shopify, Tencent Holdings, Tesla, Upstart Holdings, Inc., and Wingstop.
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In the video below, I provide stock analysis on 10 picks that I believe have significant upside. I provide a blend of stock picks, from hypergrowth to dividend stocks. The company's platform uses over 1,500 variables to originate lending decisions for personal and auto loans.
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cdb9ddde-51a1-4e38-bb17-e601aa7bb912
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721232.0
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2022-04-01 00:00:00 UTC
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3 Top Farm Equipment Stocks to Buy on Upbeat Commodity Prices
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DE
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https://www.nasdaq.com/articles/3-top-farm-equipment-stocks-to-buy-on-upbeat-commodity-prices
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nan
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The Zacks Manufacturing - Farm Equipment industry has been gaining from rising agricultural commodity prices. This, in turn, is driving farm income and encouraging farmers to invest more in agricultural equipment.
Riding on this momentum, some prominent industry players like Titan International, Inc. TWI, Deere & Company DE and AGCO Corporation AGCO are investing in new agricultural products with advanced technology to make farming automated, easier and more precise across the production process. However, supply chain disruptions and inflationary costs remain near-term concerns.
Supply Risk Fuels Commodity Prices, Equipment Demand High
Russia’s invasion of Ukraine has created uncertainty in the global economy. Being the world’s largest grain exporters, escalating tensions between these countries have fueled concerns of impending supply disruptions of grains. This is driving agricultural commodity prices. Corn and soybean prices, the most important grains for cash crop farming, are moving higher. Corn prices have gained 33% in a year and currently stand at $742 a bushel amid supply concerns and export disruption from the Black Sea region.
Soybean is at $16 per bushel, gaining 15% year over year. Supply worries stemming from Argentina's decision to halt export registrations of soybean oil, soy meal and other related products, as well as drought conditions in South American growing belts, will support prices.
Despite limited government-sponsored financing programs, total crop cash receipts in the United States will likely be up 5.1% year over year in calendar 2022 on higher commodity prices, per the U.S Department of Agriculture. In fact, the U.S customer sentiment has moved up over the last few quarters with elevated exports to China.
High commodity prices bode well for demand for agricultural equipment. Apart from this, the need to replace aging equipment will continue to be a growth driver.
Investment in Advancement in Farming Technology
Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the companies in the industry are focusing on launching products equipped with advanced technologies and features to keep up with the evolving demands of customers. Initiatives to expand in precision agriculture technology will be a game-changer for the industry, given its productivity-enhancing and sustainability benefits. Demand continues to grow for popular features, including automatic guide machines in the field and equipment that plants seeds and applies chemicals and fertilizers with exceptional accuracy. Over the long term, rising population and elevated global demand for food and efficient water use will fuel demand for the industry’s equipment.
Pricing Actions to Offset Cost Inflation & Supply Chain Woes
The industry participants are encountering supply chain tightness and raw material cost inflation, particularly of steel, as well as increased transportation costs. Shortage of labor might also affect their production levels, impairing their ability to meet demand. However, these headwinds are expected to abate through the year. The industry players are meanwhile implementing actions to bolster their financial condition, reserve cash and improve profitability. Also, cost control actions are likely to help protect margins.
Industry Performance
The Zacks Manufacturing - Farm Equipment industry has outperformed the Industrial Products sector and the S&P 500 over the past six months. Stocks in this industry have appreciated 21.5% compared with the Zacks Industrial Products sector’s growth of 1.4% and the S&P 500’s rise of 6.7%.
Image Source: Zacks Investment Research
3 Manufacturing - Farm Equipment Stocks Worth Betting On
We have picked three Farm Equipment stocks carrying a Zacks Rank #1 (Strong Buy) or 2 (Buy). These stocks have positive earnings growth projections for the current year and have also been witnessing upward revisions of late.
Titan International: Based-in Quincy, IL, the company is a leading global manufacturer of off-highway wheels, tires, assemblies and undercarriage products. Titan’s Agricultural segment is gaining from strong demand across all geographic markets and rising agricultural commodity prices. Recovery in the construction markets has been driving the company’s Earthmoving/Construction segment’s performance. Titan will also benefit from the implementation of pricing actions to mitigate escalating raw materials, labor and logistics costs.
The Zacks Consensus Estimate for the company’s current-year earnings has been revised upward by 23% over the past 60 days to $1.16 per share. The estimate also suggests a year-over-year surge of 36.5%. TWI’s shares have soared 103.8% in six months’ time. It pulled off a trailing four-quarter average earnings surprise of 47.6% and flaunts a Zacks Rank of 1, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Deere & Company: Based in Moline, IL, Deere is the world’s largest producer of agricultural equipment. The company is well-poised to benefit from surging demand for agricultural equipment, driven by higher agricultural commodity prices. Also, the improved scenario in the construction and forestry sector and investments in precision agriculture will aid growth. Efforts to reduce operating expenses will improve margins.
The Zacks Consensus Estimate for the company’s fiscal 2022 earnings has been revised upward by 2.3% over the past 60 days to $22.73. The estimate also suggests a year-over-year jump of 19.7%. The company’s shares have gained 21.4% over the past six months. It pulled off a trailing four-quarter average earnings surprise of 20.6% and currently carries a Zacks Rank #2.
AGCO Corporation: Based in Duluth, GA, AGCO is a leading manufacturer and distributor of agricultural equipment and related replacement parts. The company’s stellar sales volume, robust end-market demand and positive pricing are likely to deliver impressive results for the current year. Increasing replacement demand for aging fleets will also drive its top line. AGCO continues to invest in premium technology and smart farming solutions in a bid to strengthen product offerings. In addition, cost-control actions in response to material cost inflation will likely drive margins.
The Zacks Consensus Estimate for the company’s ongoing-year earnings is currently pegged at $11.63, suggesting a year-over-year increase of 12%. The consensus mark has moved 10.6% north over the past 60 days. The stock has rallied 16.3% in the past six months. The company currently carries a Zacks Rank of 2 and pulled off a trailing four-quarter earnings surprise of 56.6%, on average.
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
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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Supply Risk Fuels Commodity Prices, Equipment Demand High Russia’s invasion of Ukraine has created uncertainty in the global economy. Supply worries stemming from Argentina's decision to halt export registrations of soybean oil, soy meal and other related products, as well as drought conditions in South American growing belts, will support prices. Demand continues to grow for popular features, including automatic guide machines in the field and equipment that plants seeds and applies chemicals and fertilizers with exceptional accuracy.
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Riding on this momentum, some prominent industry players like Titan International, Inc. TWI, Deere & Company DE and AGCO Corporation AGCO are investing in new agricultural products with advanced technology to make farming automated, easier and more precise across the production process. Supply Risk Fuels Commodity Prices, Equipment Demand High Russia’s invasion of Ukraine has created uncertainty in the global economy. Supply worries stemming from Argentina's decision to halt export registrations of soybean oil, soy meal and other related products, as well as drought conditions in South American growing belts, will support prices.
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Riding on this momentum, some prominent industry players like Titan International, Inc. TWI, Deere & Company DE and AGCO Corporation AGCO are investing in new agricultural products with advanced technology to make farming automated, easier and more precise across the production process. Supply Risk Fuels Commodity Prices, Equipment Demand High Russia’s invasion of Ukraine has created uncertainty in the global economy. Supply worries stemming from Argentina's decision to halt export registrations of soybean oil, soy meal and other related products, as well as drought conditions in South American growing belts, will support prices.
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Riding on this momentum, some prominent industry players like Titan International, Inc. TWI, Deere & Company DE and AGCO Corporation AGCO are investing in new agricultural products with advanced technology to make farming automated, easier and more precise across the production process. Supply Risk Fuels Commodity Prices, Equipment Demand High Russia’s invasion of Ukraine has created uncertainty in the global economy. Supply worries stemming from Argentina's decision to halt export registrations of soybean oil, soy meal and other related products, as well as drought conditions in South American growing belts, will support prices.
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2ee8096d-f797-475c-90e5-d4b701922bb2
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721233.0
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2022-03-31 00:00:00 UTC
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Avery Dennison (AVY) Gains From Strong Demand Amid Higher Cost
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https://www.nasdaq.com/articles/avery-dennison-avy-gains-from-strong-demand-amid-higher-cost
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nan
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Avery Dennison Corporation AVY has been benefiting from robust demand for consumer-packaged goods and e-commerce growth. Strong growth in high-value products, intelligent labels, Radio-frequency identification (RFID) and core apparel business will aid growth. Also, anticipated benefits from cost-reduction actions, focus on investments and acquisitions will continue to benefit it. However, cost inflation and supply chain disruptions are likely to dent the company’s performance in the near term.
Rising Demand for Consumer Products Packaging
Labeling of non-durable consumer goods, like food, beverage, home and personal care products, accounts for around 40% of Avery Dennison’s revenues. The company is witnessing soaring demand for these products amid the pandemic. Over the long run, increasing demand from emerging markets on the back of the rising middle class and the consequent surge in demand for packaged goods and a shift in the labeling technology to pressure-sensitive materials will fuel the company’s growth. Apart from these factors, around 15% of its revenues are tied to logistics and shipping, which will be aided by a rise in e-commerce activities.
Segments Ride on Growth in High-Value Categories
Avery Dennison’s Label and Graphic Materials segment has been gaining from healthy demand for consumer-packaged goods and e-commerce trends. The segment is well-poised to benefit from solid top-line growth and margin expansion, volume improvement, focus on high-value categories led by specialty labels and contributions from productivity initiatives in the current year.
Avery Dennison’s Retail Branding and Information Solutions segment is gaining from solid margin expansions, driven by strength in high-value categories and the base business. The segment is witnessing strong growth in Intelligent Labels, RFID and the core apparel label business, with particular strength and performance in premium channels and continued double-digit growth in external embellishments. Its Intelligent Labels business continues to expect long-term annual growth of 15-20%.
In addition, the company is focused on investing in digital identification technologies. In sync with this, the company acquired Vestcom to expand the company’s foothold in high-value categories, while adding channel access and data-management capabilities to intelligent labels. The company has undertaken several pricing and re-engineering actions to mitigate inflationary cost pressures.
Cost Inflation to Dent Margin
Avery Dennison expects uncertainties related to the pandemic to persistently affect its performance until the situation stabilizes. The supply chain is likely to remain tight due to a spike in coronavirus cases in many countries. Strong demand and supply constraints are likely to further push raw material, labor and freight costs. These factors might dent the company’s margins in first-quarter 2022.
Price Performance
Avery Dennison’s shares have declined 15.7% in the past six months compared with the industry’s fall of 12%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Avery Dennison currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are Packaging Corporation of America PKG, AGCO Corporation AGCO and Deere & Company DE. While PKG flaunts a Zacks Rank #1 (Strong Buy), AGCO and DE carry a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Packaging Corp reported adjusted EPS of $2.76 in fourth-quarter 2021, up 108% year over year and beating the Zacks Consensus Estimate of $2.08. PKG pulled off a trailing four-quarter earnings surprise of 22.7%, on average.
Packaging Corp has an expected earnings growth rate of 12.5% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 5% in the past 60 days. PKG’s shares have gained 14% in the past six months.
AGCO Corp's fourth-quarter 2021 adjusted EPS increased 100% year over year to $3.08, beating the Zacks Consensus Estimate of $1.72. AGCO pulled off a trailing four-quarter earnings surprise of 56.6%, on average. In the past six months, the company’s shares have gained 12.2%.
AGCO Corp has an estimated earnings growth rate of around 12.1% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 10.8%.
Deere’s first-quarter fiscal 2022 adjusted EPS of $2.92 surpassed the Zacks Consensus Estimate of $2.28. DE delivered a trailing four-quarter earnings surprise of 20.6%, on average.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days. DE has moved up 16.2% in the past six 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
Deere & Company (DE): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Packaging Corporation of America (PKG): 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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Avery Dennison’s Retail Branding and Information Solutions segment is gaining from solid margin expansions, driven by strength in high-value categories and the base business. Cost Inflation to Dent Margin Avery Dennison expects uncertainties related to the pandemic to persistently affect its performance until the situation stabilizes. Avery Dennison Corporation AVY has been benefiting from robust demand for consumer-packaged goods and e-commerce growth.
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Strong growth in high-value products, intelligent labels, Radio-frequency identification (RFID) and core apparel business will aid growth. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Avery Dennison currently carries a Zacks Rank #3 (Hold). Avery Dennison Corporation AVY has been benefiting from robust demand for consumer-packaged goods and e-commerce growth.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Avery Dennison currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Industrial Products sector are Packaging Corporation of America PKG, AGCO Corporation AGCO and Deere & Company DE. Avery Dennison Corporation AVY has been benefiting from robust demand for consumer-packaged goods and e-commerce growth.
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However, cost inflation and supply chain disruptions are likely to dent the company’s performance in the near term. Segments Ride on Growth in High-Value Categories Avery Dennison’s Label and Graphic Materials segment has been gaining from healthy demand for consumer-packaged goods and e-commerce trends. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Avery Dennison currently carries a Zacks Rank #3 (Hold).
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4d7558b6-84c0-4cb6-8e63-cfbb78f2d974
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721234.0
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2022-03-31 00:00:00 UTC
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Up 19% In A Month, Will Caterpillar Stock Continue To See Higher Levels?
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DE
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https://www.nasdaq.com/articles/up-19-in-a-month-will-caterpillar-stock-continue-to-see-higher-levels
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nan
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The stock price of Caterpillar (NYSE: CAT) has seen a rise of 19% over the last month, while it is up 7% YTD, outperforming the broader markets with the S&P 500 rising 5% over the last month, while it is down 5% YTD. The broader markets have seen increased volatility due to global geopolitical factors and their impact on commodities and the global economy. The recent rise in CAT stock can be attributed to the impact of the ongoing Ukraine crisis, which may result in increased diversification of energy supplies. This is likely to require increased investments. Furthermore, the surge in commodity prices following Russia’s invasion of Ukraine will likely bode well for Caterpillar’s business. That said, there will be near term impact from its exit from the Russian market. Earlier this month, one of the Wall Street research firms upgraded its view on CAT stock, bolstering the stock price growth.
In our previous updates on Caterpillar, we maintained that CAT stock is undervalued. The dip following its Q4 release and in late February was a good buying opportunity. With the worst of the pandemic appearing behind us, the supply-chain constraints are likely to ease going forward, and demand for construction and resource industries equipment is expected to remain strong in the near term. The rise in commodities prices is also a positive for Caterpillar. However, the stock has already rallied close to 20% over the last month or so, narrowing the upside potential. We estimate Caterpillar’s Valuation to be around $244 per share, reflecting only a 10% upside from its current levels of $222.
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 its historical performance, there is a high chance of a fall in CAT stock over the next month. Of 17 instances in the last ten years that CAT stock saw a twenty-one-day increase of 19% or more, only four resulted in CAT stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 4 out of 17, or about a 24% chance of a rise in CAT stock over the coming month. See our analysis on Caterpillar Stock Chances of Rise for more details.
While CAT stock may see lower levels over the next month, it is helpful to see how its peers stack up. Check out Caterpillar’s Peers to see how CAT stock compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons.
Calculation of ‘Event Probability‘ and ‘Chance of Rise‘ using last ten years’ data
After moving -0.2% or more over five days, the stock rose on 54% of the occasions in the next five days.
After moving 3.7% or more over ten days, the stock rose in the next ten days on 53% of the occasions
After moving 19.4% or more over a twenty-one-day period, the stock rose on 24% of the occasions in the next twenty-one days.
This pattern suggests a marginally higher chance of a rise in CAT stock over the next five days and ten days but a higher chance of a fall in one month.
Caterpillar (CAT) Stock Return (Recent) Comparison With Peers
Five-Day Return: ASTE highest at 53.8%; TEX lowest at -3.3%
Ten-Day Return: ASTE highest at 63.0%; ALSN lowest at 0.4%
Twenty-One Days Return: ASTE highest at 36.9%; TEX lowest at -8.4%
may have moved, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you'll be surprised how counter-intuitive the stock valuation is for Pfizer vs Merck. \n\nBased on article theme, variations to \"While may have moved\" can be (a) While may be overvalued (or undervalued) (b) While can move (c) Although may not be attractive (d) While is worth considering"}" data-sheets-userformat="{"2":1049345,"3":{"1":0},"11":4,"12":0,"23":1}" data-sheets-textstyleruns="{"1":0}{"1":210,"2":{"2":{"1":2,"2":1136076},"5":1,"9":1}}{"1":225}{"1":229,"2":{"4":8}}{"1":267,"2":{"4":8,"6":1}}{"1":299,"2":{"4":8}}" data-sheets-hyperlinkruns="{"1":210,"2":"https://dashboards.trefis.com/data/companies/PFE/no-login-required/HMIwIvym/Pfizer-vs-Merck-PFE-stock-s-similar-valuation-vs-MRK-stock-is-counter-intuitive"}{"1":225}">While CAT stock may see lower levels in the near term, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for Caterpillar vs. IAA.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Mar 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
CAT Return 19% 8% 141%
S&P 500 Return 2% -6% 99%
Trefis MS Portfolio Return 2% -9% 259%
[1] Month-to-date and year-to-date as of 3/29/2022
[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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With the worst of the pandemic appearing behind us, the supply-chain constraints are likely to ease going forward, and demand for construction and resource industries equipment is expected to remain strong in the near term. The stock price of Caterpillar (NYSE: CAT) has seen a rise of 19% over the last month, while it is up 7% YTD, outperforming the broader markets with the S&P 500 rising 5% over the last month, while it is down 5% YTD. The broader markets have seen increased volatility due to global geopolitical factors and their impact on commodities and the global economy.
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\n\nBased on article theme, variations to \"While may have moved\" can be (a) While may be overvalued (or undervalued) (b) While can move (c) Although may not be attractive (d) While is worth considering"}" data-sheets-userformat="{"2":1049345,"3":{"1":0},"11":4,"12":0,"23":1}" data-sheets-textstyleruns="{"1":0}{"1":210,"2":{"2":{"1":2,"2":1136076},"5":1,"9":1}}{"1":225}{"1":229,"2":{"4":8}}{"1":267,"2":{"4":8,"6":1}}{"1":299,"2":{"4":8}}" data-sheets-hyperlinkruns="{"1":210,"2":"https://dashboards.trefis.com/data/companies/PFE/no-login-required/HMIwIvym/Pfizer-vs-Merck-PFE-stock-s-similar-valuation-vs-MRK-stock-is-counter-intuitive"}{"1":225}">While CAT stock may see lower levels in the near term, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. The stock price of Caterpillar (NYSE: CAT) has seen a rise of 19% over the last month, while it is up 7% YTD, outperforming the broader markets with the S&P 500 rising 5% over the last month, while it is down 5% YTD. The broader markets have seen increased volatility due to global geopolitical factors and their impact on commodities and the global economy.
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The stock price of Caterpillar (NYSE: CAT) has seen a rise of 19% over the last month, while it is up 7% YTD, outperforming the broader markets with the S&P 500 rising 5% over the last month, while it is down 5% YTD. The broader markets have seen increased volatility due to global geopolitical factors and their impact on commodities and the global economy. Furthermore, the surge in commodity prices following Russia’s invasion of Ukraine will likely bode well for Caterpillar’s business.
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We estimate Caterpillar’s Valuation to be around $244 per share, reflecting only a 10% upside from its current levels of $222. \n\nBased on article theme, variations to \"While may have moved\" can be (a) While may be overvalued (or undervalued) (b) While can move (c) Although may not be attractive (d) While is worth considering"}" data-sheets-userformat="{"2":1049345,"3":{"1":0},"11":4,"12":0,"23":1}" data-sheets-textstyleruns="{"1":0}{"1":210,"2":{"2":{"1":2,"2":1136076},"5":1,"9":1}}{"1":225}{"1":229,"2":{"4":8}}{"1":267,"2":{"4":8,"6":1}}{"1":299,"2":{"4":8}}" data-sheets-hyperlinkruns="{"1":210,"2":"https://dashboards.trefis.com/data/companies/PFE/no-login-required/HMIwIvym/Pfizer-vs-Merck-PFE-stock-s-similar-valuation-vs-MRK-stock-is-counter-intuitive"}{"1":225}">While CAT stock may see lower levels in the near term, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. The stock price of Caterpillar (NYSE: CAT) has seen a rise of 19% over the last month, while it is up 7% YTD, outperforming the broader markets with the S&P 500 rising 5% over the last month, while it is down 5% YTD.
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abdb7b8e-a93d-4b6f-8211-cb464897d61d
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721235.0
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2022-03-31 00:00:00 UTC
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Reasons to Add Packaging Corp (PKG) Stock to Your Portfolio Now
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DE
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https://www.nasdaq.com/articles/reasons-to-add-packaging-corp-pkg-stock-to-your-portfolio-now
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nan
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nan
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Packaging Corporation of America PKG has been benefiting from solid demand in its packaging segment backed by e-commerce and higher requirements for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products. Its focus on acquisitions to expand containerboard and corrugated products portfolio and price-hike actions are likely to favor results.
Packaging Corp currently has a Zacks Rank #2 (Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold), offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Upbeat Outlook: Packaging Corp projects earnings per share (EPS) to be around $2.50 in first-quarter 2022. The guidance indicates year-over-year growth of 41%. Its Packaging segment will benefit from higher corrugated products shipments with three additional shipping days. Shipments per day are expected to be higher on a year-over-year basis, owing to strong demand and higher domestic and export prices and mix. For the Paper segment, the company expects higher prices and mix from its previously announced price increase that was executed last November.
Strong Financial Position: Packaging Corp ended 2021 with $754 million cash in hand, including marketable securities. It completed the debt refinancing in October 2021, which extended the company’s overall debt maturity from 8.5 years to 16.3 years and lowered its overall interest rate from 3.9% to 3.5%. Gross was $2.5 billion at 2021-end. The company maintains a balanced approach toward capital allocation in order to boost growth and maximize returns for shareholders.
During the fourth quarter of 2021, the company utilized the remaining $193 million of share repurchase authorization to buy back over 1.4 million shares. The company’s board of directors recently approved a new $1 billion repurchase authorization.
Positive Growth Expectations: The Zacks Consensus Estimate for the company’s current-year EPS is currently pegged at $10.57, indicating year-over-year growth of 12.6%. The same for 2023 stands at $11.13, suggesting a year-over-year improvement of 5.2%.
Positive Earnings Surprise History: Packaging Corp has a trailing four-quarter earnings surprise of 22.8%, on average.
Superior Return on Assets: Packaging Corp currently has a Return on Assets (“ROA”) of 11.3%, higher than the industry’s 5.2%. An above-average ROA indicates that the company is generating earnings by effectively managing assets.
Growth Drivers in Place
Demand in the Packaging segment, which accounts for 91% of the company’s revenues, continues to be strong. Packaging products are essential for the distribution of food, beverage and pharmaceutical products. Hence, the Packaging segment continues to benefit from the elevated demand for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products due to the coronavirus crisis.
Demand for containerboard and corrugated products remains strong across most of the company’s end markets. The company’s corrugated products plants set record fourth-quarter total shipments and all-time record shipments on a daily basis. This momentum is anticipated to continue in 2022 as well. Apart from this, Packaging Corp will continue to benefit from the e-commerce boom that has led to an increase in demand for boxes.
Recently, Packaging Corp acquired all of the assets of Advanced Packaging Corporation in a cash-free transaction. Per the agreement, the company will acquire a full-line 500,000-square-foot corrugated products facility located in Grand Rapids, MI. The deal supports Packaging Corp’s focus on enhancing its containerboard portfolio through organic box volume growth and strategic box plant acquisitions. The company’s containerboard integration is anticipated to increase by almost 80,000 tons. This will boost mill capacity and box plant operations. The deal is expected to be immediately accretive to earnings.
Price Performance
Image Source: Zacks Investment Research
Packaging Corp’s stock has gained 15.7% in the past year compared with the industry’s growth of 5.8%.
Stocks to Consider
Some other top-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. While TWI flaunts a Zacks Rank #1, AGCO and DE carry a Zacks Rank #2 at present.
Titan International has an expected earnings growth rate of 36.5% for 2022. The Zacks Consensus Estimate for the current year’s earnings has moved up 51% in the past 60 days.
PKG pulled off a trailing four-quarter earnings surprise of 47.6%, on average. TWI’s shares have gained 14% in the past six months.
AGCO Corp has an estimated earnings growth rate of 12.1% for 2022. In the past 60 days, the Zacks Consensus Estimate for the year’s earnings has been revised upward by 11%.
AGCO has a trailing four-quarter earnings surprise of 56.6%, on average. In the past year, the company’s shares have increased 5%.
Deere has a projected earnings growth rate of 19.7% for the current fiscal. The Zacks Consensus Estimate for fiscal 2022 earnings has moved north by 2.3% in the past 60 days.
Deere has a trailing four-quarter earnings surprise of 20.6%, on average. DE’s shares have climbed 11.7% in the past year.
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Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Packaging Corporation of America (PKG): 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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Hence, the Packaging segment continues to benefit from the elevated demand for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products due to the coronavirus crisis. Packaging Corporation of America PKG has been benefiting from solid demand in its packaging segment backed by e-commerce and higher requirements for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products. Shipments per day are expected to be higher on a year-over-year basis, owing to strong demand and higher domestic and export prices and mix.
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Packaging Corporation of America PKG has been benefiting from solid demand in its packaging segment backed by e-commerce and higher requirements for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products. Hence, the Packaging segment continues to benefit from the elevated demand for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products due to the coronavirus crisis. Stocks to Consider Some other top-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE.
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Stocks to Consider Some other top-ranked stocks in the Industrial Products sector are Titan International TWI, AGCO Corporation AGCO and Deere & Company DE. Packaging Corporation of America PKG has been benefiting from solid demand in its packaging segment backed by e-commerce and higher requirements for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products. Shipments per day are expected to be higher on a year-over-year basis, owing to strong demand and higher domestic and export prices and mix.
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Packaging Corporation of America PKG has been benefiting from solid demand in its packaging segment backed by e-commerce and higher requirements for meat, fruit and vegetables, processed food, beverages, medicine and other consumer products. Shipments per day are expected to be higher on a year-over-year basis, owing to strong demand and higher domestic and export prices and mix. Strong Financial Position: Packaging Corp ended 2021 with $754 million cash in hand, including marketable securities.
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4117fb7e-40ba-4204-9062-7efc4cd02dd2
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721236.0
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2022-03-30 00:00:00 UTC
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Notable Wednesday Option Activity: PYPL, DE, FANG
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DE
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-pypl-de-fang
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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 PayPal Holdings Inc (Symbol: PYPL), where a total volume of 132,328 contracts has been traded thus far today, a contract volume which is representative of approximately 13.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.8% of PYPL's average daily trading volume over the past month, of 19.2 million shares. Especially high volume was seen for the $123 strike call option expiring April 01, 2022, with 11,699 contracts trading so far today, representing approximately 1.2 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $123 strike highlighted in orange:
Deere & Co. (Symbol: DE) saw options trading volume of 15,910 contracts, representing approximately 1.6 million underlying shares or approximately 61.9% of DE's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $410 strike call option expiring April 08, 2022, with 944 contracts trading so far today, representing approximately 94,400 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange:
And Diamondback Energy, Inc. (Symbol: FANG) saw options trading volume of 18,137 contracts, representing approximately 1.8 million underlying shares or approximately 58% of FANG's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $155 strike call option expiring May 20, 2022, with 6,960 contracts trading so far today, representing approximately 696,000 underlying shares of FANG. Below is a chart showing FANG's trailing twelve month trading history, with the $155 strike highlighted in orange:
For the various different available expirations for PYPL options, DE options, or FANG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $123 strike call option expiring April 01, 2022, with 11,699 contracts trading so far today, representing approximately 1.2 million underlying shares of PYPL. Particularly high volume was seen for the $410 strike call option expiring April 08, 2022, with 944 contracts trading so far today, representing approximately 94,400 underlying shares of DE. Especially high volume was seen for the $155 strike call option expiring May 20, 2022, with 6,960 contracts trading so far today, representing approximately 696,000 underlying shares of FANG.
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Especially high volume was seen for the $123 strike call option expiring April 01, 2022, with 11,699 contracts trading so far today, representing approximately 1.2 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $123 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 15,910 contracts, representing approximately 1.6 million underlying shares or approximately 61.9% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: And Diamondback Energy, Inc. (Symbol: FANG) saw options trading volume of 18,137 contracts, representing approximately 1.8 million underlying shares or approximately 58% of FANG'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 S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 132,328 contracts has been traded thus far today, a contract volume which is representative of approximately 13.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing PYPL's trailing twelve month trading history, with the $123 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 15,910 contracts, representing approximately 1.6 million underlying shares or approximately 61.9% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: And Diamondback Energy, Inc. (Symbol: FANG) saw options trading volume of 18,137 contracts, representing approximately 1.8 million underlying shares or approximately 58% of FANG'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 S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 132,328 contracts has been traded thus far today, a contract volume which is representative of approximately 13.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing PYPL's trailing twelve month trading history, with the $123 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 15,910 contracts, representing approximately 1.6 million underlying shares or approximately 61.9% of DE's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $410 strike call option expiring April 08, 2022, with 944 contracts trading so far today, representing approximately 94,400 underlying shares of DE.
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f6ac859e-7c21-4ca3-8b06-14c8c11969b7
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721237.0
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2022-03-30 00:00:00 UTC
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Deere & Company: Safe Bet for Long-Term Investors?
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DE
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https://www.nasdaq.com/articles/deere-company%3A-safe-bet-for-long-term-investors
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nan
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nan
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Deere & Company (NYSE: DE) specializes in manufacturing equipment used extensively in agriculture, construction, forestry, lawn & garden, and other industries. The Moline, IL-based company is well-known for its popular equipment brand, John Deere.
Also, the $126.7 billion company has exposure in making drivetrains and engines, providing solutions for military and governmental organizations, and giving leasing and financing services.
Like all other industrial companies, Deere too is facing certain near-term hurdles (including supply-chain restrictions, lingering impacts of the pandemic, and cost inflation) but seems to be well-positioned for growth in the years ahead.
Let us briefly discuss what this agricultural-equipment maker has to offer investors.
Attractive Entry Point
Deere’s share price performance has been solid over the years, with the stock surging 279% over the past five years. Impressively, despite a challenging broader-market environment, the stock has managed to increase 10% over the past 12 months.
The price dip of about 2.7% in the past five days can be used by long-term investors to buy the stock at attractive prices.
Deere’s average price target of $437.40 mirrors upside potential of 5.93% from current levels. Its price target varies within the $414-$471 range.
Zeal for Innovation
The company is committed to offering technologically advanced (intelligent and connected) machinery to its customers. Its Smart Industrial strategy aims to revolutionize construction and agriculture production systems.
In March, it unveiled a technologically advanced machine, the 904 P-tier Wheel Loader. The wheel loader comes with a better detection system for rear objects, and material handling buckets (7.5- and 7.1-m3).
Additionally, Deere introduced See & Spray Ultimate, which will help in targeted spraying of herbicide (non-residual) on weeds. Also, the company introduced a step-less transmission (Electric Variable Transmission) for 8 Series Tractors and a JD14X engine for 9 Series Tractors.
It also came up with enhanced mid-sized excavators, 350 P-tier and 380 P-tier, and John Deere Protect Parts & Fluids Plan for its existing John Deere Protect program.
In February, it launched Austin, TX-based Innovation Hub. This new facility will help the company sharpen its technological abilities.
Building Opportunities
Deere has been working diligently to enhance its growth opportunities through joint ventures, acquisitions, and other means.
In March, Deere and SureFire Ag Systems, along with its unit SureFire Electronics, entered into a joint venture for mutual benefits. Also, Deere will soon be offering customers better access to its self-repair solutions. In May this year, the purchase of Deere’s Customer Service ADVISOR will be possible through JohnDeereStore.com.
Deere’s Senior VP, Aftermarket & Customer Support, Luke Gakstatter, said, “John Deere is continuously innovating, developing, and bringing to market new technologies and solutions that enable our customers to be more productive, efficient, and sustainable.”
The company expanded its manufacturing capabilities of forestry machines and excavators for the construction industry through the acquisition of factories owned by the Deere-Hitachi joint venture. This buyout was concluded in February.
The same month, Deere gained a majority holding in Kreisel Electric Inc., a provider of battery technology (immersion-cooled).
Impressive Financial Projections
For the Fiscal Year 2022 (ending October 2022), Deere anticipates net income to be within the $6.7-$7.1 billion range, up from the previous projection of $6.5-$7 billion.
The company’s Chairman and CEO, John C. May, said, “Looking ahead, we expect demand for farm and construction equipment to continue benefiting from strong fundamentals.”
On a segmental basis, Deere anticipates net sales to increase within the 25%-30% range for Production and Precision Agriculture, roughly 15% for Small Agriculture and Turf, and within 10%-15% for Construction and Forestry.
Wall Street’s Take
Two days ago, Tami Zakaria, an analyst at JP Morgan, upgraded Deere to a Neutral rating from the previous Sell rating. Zakaria also increased the price target to $440 (6.83% upside potential) from $355.
She finds Deere’s current valuation evenly baked for its rewards and risks. Also, the positive impact of abating supply-chain woes on the company’s backlog and inventories is encouraging.
A week ago, Robert W. Baird analyst, Mircea Dobre, reiterated a Buy rating on Deere.
Overall, Deere presently has a Moderate Buy consensus rating based on eight Buys and four Holds.
Risk Analysis
According to the TipRanks Risk Factors tool, Deere stock is at risk mainly from two factors: Legal & Regulator and Finance & Corporate. While the Legal & Regulator risk category contributes eight risks to the total 29 risks identified for Deere, the Finance & Corporate category adds six risks.
Conclusion
The prevalent hurdles might keep near-term investors at bay for the time being. However, Deere’s strong fundamentals, product offerings, and strategic efforts might attract investors willing to invest in the stock for the long term.
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To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Read full Disclaimer & 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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Like all other industrial companies, Deere too is facing certain near-term hurdles (including supply-chain restrictions, lingering impacts of the pandemic, and cost inflation) but seems to be well-positioned for growth in the years ahead. Deere’s Senior VP, Aftermarket & Customer Support, Luke Gakstatter, said, “John Deere is continuously innovating, developing, and bringing to market new technologies and solutions that enable our customers to be more productive, efficient, and sustainable.” The company expanded its manufacturing capabilities of forestry machines and excavators for the construction industry through the acquisition of factories owned by the Deere-Hitachi joint venture. Deere & Company (NYSE: DE) specializes in manufacturing equipment used extensively in agriculture, construction, forestry, lawn & garden, and other industries.
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Risk Analysis According to the TipRanks Risk Factors tool, Deere stock is at risk mainly from two factors: Legal & Regulator and Finance & Corporate. While the Legal & Regulator risk category contributes eight risks to the total 29 risks identified for Deere, the Finance & Corporate category adds six risks. Deere & Company (NYSE: DE) specializes in manufacturing equipment used extensively in agriculture, construction, forestry, lawn & garden, and other industries.
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It also came up with enhanced mid-sized excavators, 350 P-tier and 380 P-tier, and John Deere Protect Parts & Fluids Plan for its existing John Deere Protect program. Deere’s Senior VP, Aftermarket & Customer Support, Luke Gakstatter, said, “John Deere is continuously innovating, developing, and bringing to market new technologies and solutions that enable our customers to be more productive, efficient, and sustainable.” The company expanded its manufacturing capabilities of forestry machines and excavators for the construction industry through the acquisition of factories owned by the Deere-Hitachi joint venture. The company’s Chairman and CEO, John C. May, said, “Looking ahead, we expect demand for farm and construction equipment to continue benefiting from strong fundamentals.” On a segmental basis, Deere anticipates net sales to increase within the 25%-30% range for Production and Precision Agriculture, roughly 15% for Small Agriculture and Turf, and within 10%-15% for Construction and Forestry.
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Like all other industrial companies, Deere too is facing certain near-term hurdles (including supply-chain restrictions, lingering impacts of the pandemic, and cost inflation) but seems to be well-positioned for growth in the years ahead. Deere’s Senior VP, Aftermarket & Customer Support, Luke Gakstatter, said, “John Deere is continuously innovating, developing, and bringing to market new technologies and solutions that enable our customers to be more productive, efficient, and sustainable.” The company expanded its manufacturing capabilities of forestry machines and excavators for the construction industry through the acquisition of factories owned by the Deere-Hitachi joint venture. Deere & Company (NYSE: DE) specializes in manufacturing equipment used extensively in agriculture, construction, forestry, lawn & garden, and other industries.
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8501b988-2d97-4fa5-9d93-dcc33930feeb
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721238.0
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2022-03-29 00:00:00 UTC
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Ball Corp (BLL) Cuts Plants Operations in Russia, Plans to Exit
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DE
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https://www.nasdaq.com/articles/ball-corp-bll-cuts-plants-operations-in-russia-plans-to-exit
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nan
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nan
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Ball Corporation BLL has decided to reduce operations immediately at its three manufacturing plants in Russia while evaluating the option of selling its Russian business. Previously, BLL announced the suspension of future investments in the country. These moves support the ongoing conflict and humanitarian crisis in Ukraine amid Russia’s invasion.
Ball Corporation has been operating three manufacturing facilities in Russia since the 1990s. The company’s Russian business generated 4% of its total net sales and 8% of total comparable operating earnings in 2021. Additionally, its beverage can plants in Russia produced approximately 5% of BLL’s global beverage can unit shipments volume of 112.5 billion during 2021.
The Ball Foundation has contributed $250,000 to Global Giving to provide aid and assistance to impacted refugees in Ukraine. Moreover, Ball Corporation’s employee matching gifts program is helping multiple aid relief efforts in Ukraine, while many of its beverage and aerosol packaging EMEA employees are working to provide additional support to refugees.
Ball Corporation is poised to gain from the growing preference for cans over plastic, owing to increasing awareness of environmental problems. The company has been increasing its production capacity to capitalize on this demand trend. BLL delivered on its target to end 2021 with 12 billion units of new installed capacity and expects to end this year with another 12 billion units of new installed capacity. It is on track to add at least 25 billion units of capacity by 2023 end. The company also expects its infinitely recyclable aluminum cup business to deliver profits starting from late 2022. Apart from these, the Aerospace segment’s robust backlog levels and business wins continue to aid the company.
Since the invasion of Ukraine started, various companies have pulled business out of Russia due to strict western sanctions against the country. Among other industrial companies, a major agricultural equipment manufacturer, Deere & Company DE, halted shipments to Russia and Belarus. Deere has had a presence in Russia since 1973 with a manufacturing and parts distribution facility in the south of Moscow. The John Deere Foundation has been working directly with a number of organizations, including multiple UN agencies, in mobilizing resources to support Ukrainians affected by the crisis. DE currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Construction and mining equipment manufacturing giant Caterpillar Inc. CAT decided to suspend operations in its manufacturing facilities in Russia. The company stated that operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions. Caterpillar Foundation is donating more than $1 million to support both the urgent and long-term needs of the Ukraine humanitarian crisis. Caterpillar currently carries a Zacks Rank #3 (Hold).
Rockwell Automation, Inc. ROK, a global leader in industrial automation and digital transformation, suspended operations and sales in Russia and Belarus. Sales to Russia and Belarus account for less than 0.5% of Rockwell’s total revenues.
Rockwell, a Zacks Rank #3 stock, has contributed financially to Project HOPE to provide relief to refugees in Ukraine and neighboring countries. The company will match employee donations made to Project HOPE and is offering paid time off to support local volunteer efforts.
Johnson Controls International is suspending business in Russia. However, it clarified that it would fulfill existing contractual obligations to the extent possible and fully comply with sanctions and will not accept new business or orders. Johnson Controls currently carries a Zacks Rank #3.
Price Performance
The company’s shares have appreciated 10.4% over the past year compared with the industry’s rally of 15.9%.
Image Source: Zacks Investment Research
Ball Corporation currently carries a Zacks Rank #3.
Infrastructure Stock Boom to Sweep America
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Caterpillar Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Ball Corporation (BLL): Free Stock Analysis Report
Rockwell Automation, Inc. (ROK): 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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Ball Corporation BLL has decided to reduce operations immediately at its three manufacturing plants in Russia while evaluating the option of selling its Russian business. The John Deere Foundation has been working directly with a number of organizations, including multiple UN agencies, in mobilizing resources to support Ukrainians affected by the crisis. The company will match employee donations made to Project HOPE and is offering paid time off to support local volunteer efforts.
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Rockwell Automation, Inc. ROK, a global leader in industrial automation and digital transformation, suspended operations and sales in Russia and Belarus. Deere & Company (DE): Free Stock Analysis Report Ball Corporation BLL has decided to reduce operations immediately at its three manufacturing plants in Russia while evaluating the option of selling its Russian business.
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Among other industrial companies, a major agricultural equipment manufacturer, Deere & Company DE, halted shipments to Russia and Belarus. Ball Corporation BLL has decided to reduce operations immediately at its three manufacturing plants in Russia while evaluating the option of selling its Russian business. The Ball Foundation has contributed $250,000 to Global Giving to provide aid and assistance to impacted refugees in Ukraine.
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Ball Corporation BLL has decided to reduce operations immediately at its three manufacturing plants in Russia while evaluating the option of selling its Russian business. The Ball Foundation has contributed $250,000 to Global Giving to provide aid and assistance to impacted refugees in Ukraine. Moreover, Ball Corporation’s employee matching gifts program is helping multiple aid relief efforts in Ukraine, while many of its beverage and aerosol packaging EMEA employees are working to provide additional support to refugees.
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75e35848-7c9e-4150-8cd5-c6af3540da31
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721239.0
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2022-03-29 00:00:00 UTC
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The Zacks Analyst Blog Highlights Visa, Novartis, Deere & Company, Airbnb, and Edwards Lifesciences
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-visa-novartis-deere-company-airbnb-and-edwards
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nan
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For Immediate Release
Chicago, IL – March 29, 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: Visa Inc. V, Novartis AG NVS, Deere & Company DE, Airbnb, Inc. ABNB and Edwards Lifesciences Corp. EW.
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Visa, Novartis and Deere & Co.
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc., Novartis AG and Deere & Company. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Shares of Visa have outperformed the Zacks Financial Transaction Services industry over the past year (+1.9% vs. -28.9%). The Zacks analyst believes that numerous buyouts and alliances conducted by Visa has paved the way for long-term growth and consistently drove its revenues. Its investments in technology are solidifying its position in the payments market. A shift in payments to the digital mode is a boon. The coronavirus vaccine rollouts and the gradual revival of consumer confidence will keep driving spending, expanding business volumes in turn.
Backed by its strong cash position, it remains committed to boost its shareholder value. Its balance sheet strength is commendable. However, high operating expenses stress the margins. Ramped-up client incentives will dent the top line. Its declining cash volume from the Asia Pacific bothers. Its volumes will likely suffer due to the Russia-Ukraine situation.
(You can read the full research report on Visa here >>>)
Shares of Novartis have underperformed the Zacks Large Cap Pharmaceuticals industry over the past one year period (-0.6% vs. +23.7%). The Zacks analyst believes the Sandoz division continues to affect the overall business due to pricing pressures. The strategic review (retaining the business to separation) of Sandoz is progressing, and an update is expected by the end of 2022. Generic competition for key drugs and pipeline setbacks also pose concerns.
However, Novartis has a strong and diverse portfolio. Solid momentum in key brands like psoriasis drug Cosentyx, cardiovascular drug Entresto, gene therapy Zolgensma, the oncology portfolio and the launch of Kesimpta continue to boost performance. The launch of additional drugs like Pluvicto, Piqray, Leqvio and Mayzent and the label expansion of key drugs should also boost performance. The pipeline progress is impressive, and the company has some promising candidates.
(You can read the full research report on Novartis here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+18.6% vs. +13.8%). The Zacks analyst believes the ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment.
Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.
Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. However, higher material and labor costs are likely to dent margin.
(You can read the full research report on Deere here >>>)
Other noteworthy reports we are featuring today include Airbnb, Inc. and Edwards Lifesciences Corp.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Novartis AG (NVS): Free Stock Analysis Report
Visa Inc. (V): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Edwards Lifesciences Corporation (EW): Free Stock Analysis Report
Airbnb, Inc. (ABNB): 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: Visa Inc. V, Novartis AG NVS, Deere & Company DE, Airbnb, Inc. ABNB and Edwards Lifesciences Corp. EW. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. 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: Visa Inc. V, Novartis AG NVS, Deere & Company DE, Airbnb, Inc. ABNB and Edwards Lifesciences Corp. EW. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc., Novartis AG and Deere & Company. (You can read the full research report on Deere here >>>) Other noteworthy reports we are featuring today include Airbnb, Inc. and Edwards Lifesciences Corp. Why Haven't You Looked at Zacks' Top Stocks?
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Today's Research Daily features new research reports on 16 major stocks, including Visa Inc., Novartis AG and Deere & Company. (You can read the full research report on Deere here >>>) Other noteworthy reports we are featuring today include Airbnb, Inc. and Edwards Lifesciences Corp. Why Haven't You Looked at Zacks' Top Stocks? Stocks recently featured in the blog include: Visa Inc. V, Novartis AG NVS, Deere & Company DE, Airbnb, Inc. ABNB and Edwards Lifesciences Corp. EW.
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Stocks recently featured in the blog include: Visa Inc. V, Novartis AG NVS, Deere & Company DE, Airbnb, Inc. ABNB and Edwards Lifesciences Corp. EW. Here are highlights from Monday’s Analyst Blog: Top Stock Reports for Visa, Novartis and Deere & Co. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc., Novartis AG and Deere & Company.
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961ac8cf-b7f7-4a2c-8040-778743e6f109
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721240.0
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2022-03-28 00:00:00 UTC
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Deere (DE) Stock Sinks As Market Gains: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-stock-sinks-as-market-gains%3A-what-you-should-know-2
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nan
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nan
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Deere (DE) closed at $432.61 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500's 0.71% gain on the day. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 0.14%.
Heading into today, shares of the agricultural equipment manufacturer had gained 25.78% over the past month, outpacing the Industrial Products sector's gain of 4.66% and the S&P 500's gain of 3.76% in that time.
Wall Street will be looking for positivity from Deere as it approaches its next earnings report date. In that report, analysts expect Deere to post earnings of $6.70 per share. This would mark year-over-year growth of 17.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.5 billion, up 22.73% from the year-ago period.
DE's full-year Zacks Consensus Estimates are calling for earnings of $22.74 per share and revenue of $47.67 billion. These results would represent year-over-year changes of +19.75% and +19.96%, respectively.
Investors should also note any recent changes to analyst estimates for Deere. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.33% higher. Deere is currently a Zacks Rank #2 (Buy).
Investors should also note Deere's current valuation metrics, including its Forward P/E ratio of 19.19. This represents a premium compared to its industry's average Forward P/E of 17.93.
Meanwhile, DE's PEG ratio is currently 1.42. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Manufacturing - Farm Equipment was holding an average PEG ratio of 1.61 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 58, putting it in the top 23% 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.
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 +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere (DE) closed at $432.61 in the latest trading session, marking a -0.88% move from the prior day. DE's full-year Zacks Consensus Estimates are calling for earnings of $22.74 per share and revenue of $47.67 billion. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 0.14%.
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This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Deere & Company (DE): Free Stock Analysis Report Deere (DE) closed at $432.61 in the latest trading session, marking a -0.88% move from the prior day.
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Deere (DE) closed at $432.61 in the latest trading session, marking a -0.88% move from the prior day. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 0.14%. Wall Street will be looking for positivity from Deere as it approaches its next earnings report date.
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Deere (DE) closed at $432.61 in the latest trading session, marking a -0.88% move from the prior day. Deere is currently a Zacks Rank #2 (Buy). At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 0.14%.
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229c1d73-89b9-4503-a376-7adb1c34db20
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721241.0
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2022-03-28 00:00:00 UTC
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Top Stock Reports for Visa, Novartis & Deere
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DE
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https://www.nasdaq.com/articles/top-stock-reports-for-visa-novartis-deere
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nan
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nan
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Monday, March 28, 2022
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), Novartis AG (NVS) 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 >>>
Shares of Visa have outperformed the Zacks Financial Transaction Services industry over the past year (+1.9% vs. -28.9%). The Zacks analyst believes that numerous buyouts and alliances conducted by Visa has paved the way for long-term growth and consistently drove its revenues. Its investments in technology are solidifying its position in the payments market. A shift in payments to the digital mode is a boon. The coronavirus vaccine rollouts and the gradual revival of consumer confidence will keep driving spending, expanding business volumes in turn.
Backed by its strong cash position, it remains committed to boost its shareholder value. Its balance sheet strength is commendable. However, high operating expenses stress the margins. Ramped-up client incentives will dent the top line. Its declining cash volume from the Asia Pacific bothers. Its volumes will likely suffer due to the Russia-Ukraine situation.
(You can read the full research report on Visa here >>>)
Shares of Novartis have underperformed the Zacks Large Cap Pharmaceuticals industry over the past one year period (-0.6% vs. +23.7%). The Zacks analyst believes the Sandoz division continues to affect the overall business due to pricing pressures. The strategic review (retaining the business to separation) of Sandoz is progressing, and an update is expected by the end of 2022. Generic competition for key drugs and pipeline setbacks also pose concerns.
However, Novartis has a strong and diverse portfolio. Solid momentum in key brands like psoriasis drug Cosentyx, cardiovascular drug Entresto, gene therapy Zolgensma, the oncology portfolio and the launch of Kesimpta continue to boost performance. The launch of additional drugs like Pluvicto, Piqray, Leqvio and Mayzent and the label expansion of key drugs should also boost performance. The pipeline progress is impressive, and the company has some promising candidates.
(You can read the full research report on Novartis here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+18.6% vs. +13.8%). The Zacks analyst believes the ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.
Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. However, higher material and labor costs are likely to dent margin.
(You can read the full research report on Deere here >>>)
Other noteworthy reports we are featuring today include Airbnb, Inc. (ABNB), The PNC Financial Services Group, Inc. (PNC) and Edwards Lifesciences Corporation (EW).
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
Growing Top-line Aid Visa (V), Elevated Expenses Hurt
New Drugs Fuel Novartis (NVS), Generic Competition A Headwind
Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs
Featured Reports
Hess Corporation (HES) Continues to Bank on Stabroek Block
The Zacks analyst believes that Hess Corporation's production outlook is bright since the firm has a strong footprint in the offshore Stabroek Block. However, a significant debt load is concerning.
Paychex (PAYX) Benefits From Buyouts Amid Higher Expenses
The Zacks Analyst likes Paychex's efforts to boost revenue growth through acquisitions. PEO insurance costs, buyouts, and investments in sales, marketing and product development raise expenses.
New Customers to Aid Telefonica (TEF) Amid Stiff Competition
Per the Zacks analys, Telefonica's rapidly rising customer base is likely to boost its top line. However, intensifying competition in domestic and Latin American markets is a concern.
World Wrestling (WWE) New Content Creation to Lift Revenues
Per the Zacks analyst World Wrestling's focus on content creation, driving subscriber count, raising content rights fees and monetization of video content across digital and DTC platforms bodes well.
Airbnb (ABNB) Banks on Strong Nights & Experiences Bookings
Per the Zacks analyst, strengthening gross nights booked in non-urban areas, and recovery in both long-distance and cross-border travel are benefiting Airbnb's Nights & Experience bookings.
Inorganic Growth Aids PNC Financial (PNC), High Costs Ail
Per the Zacks analyst, PNC Financial's inorganic growth will diversify its revenue mix while strong loans and deposits aid growth. Rising costs and exposure to a risky loan portfolio are concerning.
Edwards' (EW) TAVR Arm View Bright Amid Reimbursement Woes
The Zacks analyst is impressed with Edwards' TAVR arm growth on increased customer adoption for the SAPIEN 3 Ultra platform. Yet, the reimbursement issues might hurt the company's financials.
New Upgrades
Williams-Sonoma (WSM) Benefits From Solid E-commerce Channel
Per the Zacks analyst, Williams-Sonoma has been witnessing strong demand, thanks to accelerated e-commerce growth, strength across all brands and solid macro trends.
Beverage Can Demand & Investments Aid Crown Holdings (CCK)
The Zacks analyst believes that Crown Holdings will benefit from investment in capacity expansion to meet solid global beverage-can demand as well as strategic acquisitions.
Acquisitions, Strong Demand to Aid Reliance Steel (RS)
According to the Zacks analyst, the company will gain from strong demand in the majority of its end markets and its strategy to drive operating results by acquiring high-quality businesses.
New Downgrades
Emergent's (EBS) Overdependence on BioThrax Is A Concern
Per the Zacks analyst, Emergent derives majority of its revenues from sales of its anthrax and smallpox vaccines to the U.S. government. Any loss of existing contracts will hurt its prospects.
Ligand's (LGND) Overdependence on Partners Raises Concern
Per the Zacks analyst, Ligand is highly dependent on its partners for revenues that pays royalties on sales of drugs developed using the company's Captisol technology.
Interest Rates Hike, Regulations Ail PPL Corporation (PPL)
Per the Zacks analyst, PPL Corp.'s project cost will increase with the rise in interest rates. Adherence to the stringent regulation will increase expenses and impact financial 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 +25.4% 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
Novartis AG (NVS): Free Stock Analysis Report
Visa Inc. (V): Free Stock Analysis Report
The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Edwards Lifesciences Corporation (EW): Free Stock Analysis Report
Airbnb, Inc. (ABNB): 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 for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Growing Top-line Aid Visa (V), Elevated Expenses Hurt New Drugs Fuel Novartis (NVS), Generic Competition A Headwind Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Featured Reports Hess Corporation (HES) Continues to Bank on Stabroek Block The Zacks analyst believes that Hess Corporation's production outlook is bright since the firm has a strong footprint in the offshore Stabroek Block. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), Novartis AG (NVS) and Deere & Company (DE).
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(You can read the full research report on Deere here >>>) Other noteworthy reports we are featuring today include Airbnb, Inc. (ABNB), The PNC Financial Services Group, Inc. (PNC) and Edwards Lifesciences Corporation (EW). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Growing Top-line Aid Visa (V), Elevated Expenses Hurt New Drugs Fuel Novartis (NVS), Generic Competition A Headwind Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Featured Reports Hess Corporation (HES) Continues to Bank on Stabroek Block The Zacks analyst believes that Hess Corporation's production outlook is bright since the firm has a strong footprint in the offshore Stabroek Block. Inorganic Growth Aids PNC Financial (PNC), High Costs Ail Per the Zacks analyst, PNC Financial's inorganic growth will diversify its revenue mix while strong loans and deposits aid growth.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Growing Top-line Aid Visa (V), Elevated Expenses Hurt New Drugs Fuel Novartis (NVS), Generic Competition A Headwind Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Featured Reports Hess Corporation (HES) Continues to Bank on Stabroek Block The Zacks analyst believes that Hess Corporation's production outlook is bright since the firm has a strong footprint in the offshore Stabroek Block. Inorganic Growth Aids PNC Financial (PNC), High Costs Ail Per the Zacks analyst, PNC Financial's inorganic growth will diversify its revenue mix while strong loans and deposits aid growth. Acquisitions, Strong Demand to Aid Reliance Steel (RS) According to the Zacks analyst, the company will gain from strong demand in the majority of its end markets and its strategy to drive operating results by acquiring high-quality businesses.
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Deere & Company (DE): Free Stock Analysis Report Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), Novartis AG (NVS) and Deere & Company (DE). A shift in payments to the digital mode is a boon.
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784c0572-8cb6-4a5b-be3b-d5204ea265de
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721242.0
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2022-03-28 00:00:00 UTC
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Ex-Dividend Reminder: TTEC Holdings, Curtiss-Wright and Deere
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DE
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-ttec-holdings-curtiss-wright-and-deere
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Looking at the universe of stocks we cover at Dividend Channel, on 3/30/22, TTEC Holdings Inc (Symbol: TTEC), Curtiss-Wright Corp. (Symbol: CW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. TTEC Holdings Inc will pay its semi-annual dividend of $0.50 on 4/20/22, Curtiss-Wright Corp. will pay its quarterly dividend of $0.18 on 4/14/22, and Deere & Co. will pay its quarterly dividend of $1.05 on 5/9/22. As a percentage of TTEC's recent stock price of $82.07, this dividend works out to approximately 0.61%, so look for shares of TTEC Holdings Inc to trade 0.61% lower — all else being equal — when TTEC shares open for trading on 3/30/22. Similarly, investors should look for CW to open 0.12% lower in price and for DE to open 0.24% lower, all else being equal.
Below are dividend history charts for TTEC, CW, and DE, showing historical dividends prior to the most recent ones declared.
TTEC Holdings Inc (Symbol: TTEC):
Curtiss-Wright Corp. (Symbol: CW):
Deere & Co. (Symbol: DE):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.22% for TTEC Holdings Inc, 0.46% for Curtiss-Wright Corp., and 0.97% for Deere & Co..
In Monday trading, TTEC Holdings Inc shares are currently up about 0.4%, Curtiss-Wright Corp. shares are trading flat, and Deere & Co. shares are down about 0.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and 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 1.22% for TTEC Holdings Inc, 0.46% for Curtiss-Wright Corp., and 0.97% for Deere & Co.. dividend stocks should be on your radar screen » 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 3/30/22, TTEC Holdings Inc (Symbol: TTEC), Curtiss-Wright Corp. (Symbol: CW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/30/22, TTEC Holdings Inc (Symbol: TTEC), Curtiss-Wright Corp. (Symbol: CW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. TTEC Holdings Inc will pay its semi-annual dividend of $0.50 on 4/20/22, Curtiss-Wright Corp. will pay its quarterly dividend of $0.18 on 4/14/22, and Deere & Co. will pay its quarterly dividend of $1.05 on 5/9/22. TTEC Holdings Inc (Symbol: TTEC): Curtiss-Wright Corp. (Symbol: CW): Deere & Co. (Symbol: DE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/30/22, TTEC Holdings Inc (Symbol: TTEC), Curtiss-Wright Corp. (Symbol: CW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. As a percentage of TTEC's recent stock price of $82.07, this dividend works out to approximately 0.61%, so look for shares of TTEC Holdings Inc to trade 0.61% lower — all else being equal — when TTEC shares open for trading on 3/30/22. TTEC Holdings Inc (Symbol: TTEC): Curtiss-Wright Corp. (Symbol: CW): Deere & Co. (Symbol: DE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/30/22, TTEC Holdings Inc (Symbol: TTEC), Curtiss-Wright Corp. (Symbol: CW), and Deere & Co. (Symbol: DE) will all trade ex-dividend for their respective upcoming dividends. As a percentage of TTEC's recent stock price of $82.07, this dividend works out to approximately 0.61%, so look for shares of TTEC Holdings Inc to trade 0.61% lower — all else being equal — when TTEC shares open for trading on 3/30/22. This can help in judging whether the most recent dividends from these companies are likely to continue.
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18c02b0f-a2bd-4a2c-bdad-3a6fd1177370
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721243.0
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2022-03-25 00:00:00 UTC
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Deere (DE) Boasts Earnings & Price Momentum: Should You Buy?
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DE
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https://www.nasdaq.com/articles/deere-de-boasts-earnings-price-momentum%3A-should-you-buy
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
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 get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
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.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
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 is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
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 73rd-largest company in the S&P 500 Index with a market capitalization of around $127 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 241.54% to $432.22 since then, and the company is a #2 (Buy) on the Zacks Rank.
For fiscal 2022, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.53 to $22.71. DE boasts an average earnings surprise of 20.6%.
Additionally, DE's earnings are expected to grow 19.6% for the current fiscal year.
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
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Deere & Company (DE): Free Stock Analysis Report All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
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All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. 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'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. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
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69c7b77f-b6f4-4cd6-b7a8-2451acbbec8c
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721244.0
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2022-03-25 00:00:00 UTC
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Farm equipment makers cut pre planting season production as U.S. inflation bites
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DE
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https://www.nasdaq.com/articles/farm-equipment-makers-cut-pre-planting-season-production-as-u.s.-inflation-bites
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By Bianca Flowers
March 25 (Reuters) - Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology.
He did so even as high crop prices suggested strong demand for the sugar beet and silage machinery his company makes ahead of spring planting season.
"Normally we begin selling equipment in early November," said Dahl. "Largely because of the uncertainty of the supply chain, we limited what we were going to build."
A shortage of raw materials saddled manufacturers with increased costs even before Russia's invasion of Ukraine sent gas prices sky-rocketing and darkened the global inflation outlook. Now, overall costs of materials for Dahl have jumped 21% year over year through March while the price of steel has doubled, putting him in a delicate situation to price equipment and control costs.
Bigger equipment manufacturers are also fighting to protect margins after farmers flush with cash have helped them book record profits over the past year.
Deere & Co DE.Nsaid on a recentearnings callit would be pausing advance orders for equipment not already in stock, though it maintains a positive outlook for margin growth.
"Our order books across all of our businesses are mostly full for the year, except in a few cases where we paused orders to allow for more dynamic pricing," said John May, Chief Executive Officer, on the call.
Rival CNH Industrial told Reuters it is following suit.
"With high inflation, we're being careful how far out we go," Chief Executive Officer of CNH Industrial, Scott Wine, said in an interview. "If [input] prices rise too much, we're not going to sell something and lose margin."
Farmer income is expected to drop by $5.4 billion from 2021, according to the U.S Department of Agriculture, as federal aid payments given during the pandemic ease. But tractor sales remained solid in February as farmers eye high crop prices, increasing 9.2% from the same time a year ago, the Association of Equipment Manufacturer's latest report showed.
Still, inflation has companies weighing to what extent they can pass costs on to consumers. As prices of raw materials continue to rise, companies may need to find other alternatives to cushion the impact on big price-tag equipment like tractors and keep margins intact, analysts say.
The global chip shortage had led automakers to bring production on key parts like electric vehicle batteries in house, while also moving to lock in the supply of key materials like lithium through longer-term contracts or even investments in mines.
For Dahl, miscalculating inflation has proven to be costly. Now, all cards are on the table to preserve profits.
"We did not raise our prices quickly enough, so we’ve had some profit erosion, said Dahl who has increased prices by 18% since last June. "There's only a couple of components that we're single-sourced on so we're taking a hard look at all alternatives."
(Reporting by Bianca Flowers; Editing by Caroline Stauffer and Diane Craft)
((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 March 25 (Reuters) - Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology. He did so even as high crop prices suggested strong demand for the sugar beet and silage machinery his company makes ahead of spring planting season. Now, overall costs of materials for Dahl have jumped 21% year over year through March while the price of steel has doubled, putting him in a delicate situation to price equipment and control costs.
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By Bianca Flowers March 25 (Reuters) - Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology. He did so even as high crop prices suggested strong demand for the sugar beet and silage machinery his company makes ahead of spring planting season. Now, overall costs of materials for Dahl have jumped 21% year over year through March while the price of steel has doubled, putting him in a delicate situation to price equipment and control costs.
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By Bianca Flowers March 25 (Reuters) - Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology. Now, overall costs of materials for Dahl have jumped 21% year over year through March while the price of steel has doubled, putting him in a delicate situation to price equipment and control costs. He did so even as high crop prices suggested strong demand for the sugar beet and silage machinery his company makes ahead of spring planting season.
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"Our order books across all of our businesses are mostly full for the year, except in a few cases where we paused orders to allow for more dynamic pricing," said John May, Chief Executive Officer, on the call. By Bianca Flowers March 25 (Reuters) - Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology. He did so even as high crop prices suggested strong demand for the sugar beet and silage machinery his company makes ahead of spring planting season.
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07929f9d-6a36-40b9-a772-2bcc1e796162
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721245.0
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2022-03-23 00:00:00 UTC
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The Fear Gauge: Why the Plunge Last Week Has Bulls Smiling
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https://www.nasdaq.com/articles/the-fear-gauge%3A-why-the-plunge-last-week-has-bulls-smiling
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Last week witnessed an equity market surge that rivaled some of the best weekly advances in history, with the S&P climbing more than 6% and the Nasdaq rising over 8%. The substantial gains were welcomed by bullish investors with open arms as the major indices have had a rough start to the year.
The VIX Index, commonly referred to as the ‘Fear Gauge’, had spiked more than 100% by early March from the beginning of the year as the Russia-Ukraine conflict and inflation concerns weighed on markets. The VIX generates a 30-day forward projection of volatility. It is derived from the prices of SPX index options and represents expectations for short-term price changes in the S&P 500.
As of yesterday, the index has fallen six days in a row and has plunged more than 40% from the highs. In other words, the market is expecting price ranges to narrow in the near-term, which is a common theme when stocks are rising. While not always the case, normally volatility is low or trending lower as stocks rise and typically trends higher as stocks fall. The old market adage speaks to this - stocks take the stairs up and the elevator down.
Over the past year, spikes in the VIX have represented solid opportunities to buy as volatility hasn’t remained elevated for too long. In addition, the VIX Index spent an extended period of time above the 30-price level – 11 days to be exact. What can we learn from prior instances in which the VIX spent considerable time above this level?
Image Source: Zacks Investment Research
According to LPL Research, there were 12 past instances in which the VIX spent at least 11 days above that level. Three months later, the S&P posted an average gain of +8.9% and was positive 83.3% of the time. Looking one year out, the S&P delivered an average gain of +21.9% and was positive in 11 of the 12 (91.7%) instances. Quite the striking statistic that bulls like to see.
Since the March 8th closing low in the S&P 500, it’s been interesting to see what has led the way back up as equities have regained some of the lost ground. The most oversold names that were hit hardest this year (including Chinese equities and domestic growth and technology companies) have displayed relative strength and directed this leg back up.
While buying solid companies that are undervalued certainly has merit, taking somewhat of a ‘wait-and-see’ approach in these high-growth companies is warranted in this volatile and unpredictable market environment. A much more prudent approach in terms of new trade initiations is to target stocks that are leading this market and are breaking out to new 52-week highs.
Keeping track of leading industry groups can help us identify stocks that are breaking out to the upside. It's no secret that investing in stocks located within the top-performing industries can provide a boost to portfolio returns. This phenomenon has been well-researched and documented, consistently illustrating that about half of a stock’s future price appreciation is due to its industry grouping. Our own Zacks proprietary study has shown that stocks contained within the top 50% of Zacks Ranked Industries outperformed the bottom 50% by a factor of more than 2 to 1.
The Zacks Manufacturing – Farm Equipment industry group is currently ranked in the top 39% out of approximately 250 industries. Take a look below at this group’s favorable characteristics:
Image Source: Zacks Investment Research
Let’s take a deeper dive into two stocks that are backed by this leading industry group and are breaking out to new 52-week highs.
Titan International, Inc. (TWI)
Titan International is a global manufacturer of wheels, tires, and undercarriage systems and components for off-highway vehicles. The company operates in North America, Europe, Latin America, the Middle East, Africa, and Russia. TWI offers components for agricultural equipment including tractors, skidders, plows, and irrigation equipment. Titan International was founded in 1890 and is based in Quincy, IL.
A Zacks Rank #1 (Strong Buy) stock, TWI has surpassed earnings estimates in each of the past eight quarters. TWI most recently reported Q4 EPS earlier this month of $0.39, a +116.67% surprise over the $0.18 consensus estimate. The company has delivered a trailing four-quarter average earnings beat of +47.62%, supporting the stock’s 66% advance in the past year. Despite the firm’s remarkable performance, TWI trades at just a 12.78 forward P/E. The agricultural equipment manufacturer is relatively undervalued when compared to its industry average (17.87).
Titan International, Inc. Price and EPS Surprise
For the current quarter, analysts have increased their EPS estimates by 45% in the past 60 days. The Zacks Consensus Estimate now stands at $0.29 – an implied 314.29% growth rate compared to last year. TWI is set to report its Q1 results on May 5th.
Deere & Co. (DE)
Deere & Co. is an American manufacturer of construction, agricultural, engine, forestry, and lawn care equipment. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. DE is well-known for its tractors, mowing equipment, excavators, milling machines, and sports turf care applications. Deere was founded in 1837 and is headquartered in Moline, IL.
DE is benefitting from technological advances and agricultural mechanization, which are expanding existing markets and creating new ones for the company to thrive in. Deere expects net income for the current fiscal year to lie in the range of $6.7-$7.1 billion on improvements in farming and construction. As commodity prices continue to soar, farmers will fuel demand for the company’s agricultural equipment. DE’s revenue trends are impressive, and sales are expected to climb 19.74% this year to $47.58 billion.
Image Source: Zacks Investment Research
DE is the 67th largest company in the S&P 500, sporting a $133.04 billion dollar market capitalization. Earnings surprises are a bright spot for the machinery manufacturer, as DE has beaten estimates in each of the past ten quarters. The company most recently reported fiscal Q1 EPS of $2.92, delivering a +28.07% surprise over the $2.28 consensus estimate. During the past four quarters, DE has posted an average earnings surprise of +20.59%. Shares have risen in stride, advancing nearly 23% in the past year.
Deere & Company Price and EPS Surprise
DE is a Zacks Rank #2 (Buy) stock and analysts are expecting growth to continue this year. The Zacks Consensus Estimate for 2022 EPS is $22.67, translating to growth of 19.38% relative to last year.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
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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The VIX Index, commonly referred to as the ‘Fear Gauge’, had spiked more than 100% by early March from the beginning of the year as the Russia-Ukraine conflict and inflation concerns weighed on markets. The most oversold names that were hit hardest this year (including Chinese equities and domestic growth and technology companies) have displayed relative strength and directed this leg back up. Image Source: Zacks Investment Research Let’s take a deeper dive into two stocks that are backed by this leading industry group and are breaking out to new 52-week highs.
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Deere & Company Price and EPS Surprise DE is a Zacks Rank #2 (Buy) stock and analysts are expecting growth to continue this year. Deere & Company (DE): Free Stock Analysis Report The VIX Index, commonly referred to as the ‘Fear Gauge’, had spiked more than 100% by early March from the beginning of the year as the Russia-Ukraine conflict and inflation concerns weighed on markets.
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Image Source: Zacks Investment Research Let’s take a deeper dive into two stocks that are backed by this leading industry group and are breaking out to new 52-week highs. Deere & Company Price and EPS Surprise DE is a Zacks Rank #2 (Buy) stock and analysts are expecting growth to continue this year. The VIX Index, commonly referred to as the ‘Fear Gauge’, had spiked more than 100% by early March from the beginning of the year as the Russia-Ukraine conflict and inflation concerns weighed on markets.
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Image Source: Zacks Investment Research Let’s take a deeper dive into two stocks that are backed by this leading industry group and are breaking out to new 52-week highs. Deere & Company Price and EPS Surprise DE is a Zacks Rank #2 (Buy) stock and analysts are expecting growth to continue this year. The VIX Index, commonly referred to as the ‘Fear Gauge’, had spiked more than 100% by early March from the beginning of the year as the Russia-Ukraine conflict and inflation concerns weighed on markets.
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721246.0
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2022-03-23 00:00:00 UTC
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If You Invested $1000 in Deere a Decade Ago, This is How Much It'd Be Worth Now
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-deere-a-decade-ago-this-is-how-much-itd-be-worth-now
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Deere (DE) ten years ago? It may not have been easy to hold on to DE for all that time, but if you did, how much would your investment be worth today?
Deere's Business In-Depth
With that in mind, let's take a look at Deere's main business drivers.
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 73rd-largest company in the S&P 500 Index with a market capitalization of around $127 billion. It has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors. Deere is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology, in an effort to make farming automated, easier and more precise across the production process.
Beginning fiscal 2021, the company has four reportable segments. Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments:
The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment.
The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally, and turf customers. It will cater to production systems for dairy and livestock, high-value crops, and turf and utility operators. Products include certain mid-size and small tractors, and hay and forage equipment, riding and commercial lawn equipment, golf course equipment, and utility vehicles.
The Construction and Forestry (25% of revenues in fiscal 2021) segment manufactures machines and service parts used in construction, earthmoving, material handling and timber harvesting. Deere also manufactures and distributes road building equipment through its wholly-owned subsidiaries of the Wirtgen Group.
Deere also finances sales and leases for new and used equipment through its Financial Services segment, which generated 10% of the Deere’s revenues in fiscal 2021.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Deere ten years ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in March 2012 would be worth $5,315.80, or a 431.58% gain, as of March 23, 2022. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 223.93% and the price of gold increased 11.04% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for DE.
Deere expects fiscal 2022 net income between $6.7 billion and $7.1 billion. The ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. However, higher material and labor costs are likely to dent margin.
Over the past four weeks, shares have rallied 20.85%, and there have been 9 higher earnings estimate revisions in the past two months for fiscal 2022 compared to none lower. The consensus estimate has moved up as well.
Investor Alert: Legal Marijuana Looking for big gains?
Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%.
You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally, and turf customers. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. What if you'd invested in Deere (DE) ten years ago?
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Deere & Company (DE): Free Stock Analysis Report
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721247.0
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2022-03-22 00:00:00 UTC
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Deere Reaches Analyst Target Price
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https://www.nasdaq.com/articles/deere-reaches-analyst-target-price
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In recent trading, shares of Deere & Co. (Symbol: DE) have crossed above the average analyst 12-month target price of $422.27, changing hands for $422.29/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 15 different analyst targets within the Zacks coverage universe contributing to that average for Deere & Co., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $354.00. And then on the other side of the spectrum one analyst has a target as high as $485.00. The standard deviation is $36.354.
But the whole reason to look at the average DE price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DE crossing above that average target price of $422.27/share, investors in DE have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $422.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Deere & Co.:
RECENT DE ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 10 10 11 10
Buy ratings: 1 1 1 1
Hold ratings: 3 3 3 3
Sell ratings: 0 0 0 0
Strong sell ratings: 1 1 1 1
Average rating: 1.7 1.7 1.66 1.7
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DE — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Deere & Co. (Symbol: DE) have crossed above the average analyst 12-month target price of $422.27, changing hands for $422.29/share. But the whole reason to look at the average DE price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DE crossing above that average target price of $422.27/share, investors in DE have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $422.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Deere & Co. (Symbol: DE) have crossed above the average analyst 12-month target price of $422.27, changing hands for $422.29/share. But the whole reason to look at the average DE price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
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There are 15 different analyst targets within the Zacks coverage universe contributing to that average for Deere & Co., but the average is just that — a mathematical average. And so with DE crossing above that average target price of $422.27/share, investors in DE have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $422.27 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Deere & Co. (Symbol: DE) have crossed above the average analyst 12-month target price of $422.27, changing hands for $422.29/share.
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Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 15 different analyst targets within the Zacks coverage universe contributing to that average for Deere & Co., but the average is just that — a mathematical average. And then on the other side of the spectrum one analyst has a target as high as $485.00.
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2022-03-21 00:00:00 UTC
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5 Top Industrial Stocks To Watch In The Stock Market This Week
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https://www.nasdaq.com/articles/5-top-industrial-stocks-to-watch-in-the-stock-market-this-week
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5 Industrial Stocks To Watch Right Now
As we kick off another trading week, industrial stocks could be worth noting in the stock market today. This could be the case thanks to the nation’s industrial sector regaining momentum as the economy recovers. While we are seeing some signs of life among the top growth stocks in the market, the geopolitical risks and inflationary backdrop means volatility is here to stay. Thus, many may still consider less volatile stocks such as those in the industrial space as attractive options. As such, I could see why investors may be keeping tabs on industrial stocks to buy this week.
For instance, we could look at Steel Dynamics (NASDAQ: STLD) which reported its earnings guidance for its upcoming quarter financials. Notably, it expects earnings per share to more than double from the same period last year. Apart from that, we have FedEx (NYSE: FDX) reporting its third-quarter financials. The company brought in revenues that topped expectations and a 32% increase in operating income on a year-over-year basis. With that said, let’s take a look at some of the top industrial stocks in the stock market right now.
Industrial Stocks To Watch Today
The Boeing Company (NYSE: BA)
Textron Inc. (NYSE: TXT)
Heico Corporation (NYSE: HEI)
Nucor Corporation (NYSE: NUE)
Deere & Company (NYSE: DE)
Boeing
Starting off our list is a top name in the aerospace industry, Boeing. In short, Boeing is a multinational corporation that designs, manufactures, and sells aerospace equipment. This ranges from airplanes, rotorcrafts, and rockets to satellites and telecommunication wares to name a few. Additionally, the company boasts more than 10,000 Boeing-built commercial airlines that are in service worldwide. This makes up for almost half of the world’s fleet.
Just today, reports said a China Eastern Airlines flight MU5735 crashed into a hillside en route from Kunming to Guangzhou. The plane is believed to be a Boeing 737-89P that has been in operation for about six and a half years. Currently, the cause of the crash is currently unknown and may not be due to the Boeing jet. Hence, investors should stay tuned for the preliminary reports to get a better understanding of the situation. Therefore, will you be watching BA stock as the news develops?
Source: TD Ameritrade TOS
Textron
Another top industrial stock to watch is Textron. The company is primarily engaged with defense, industrial, and aviation companies and is also recognized for its impressive brand portfolio. This includes the likes of Bell, Cessna, Beechcraft, E-Z-GO, and many more. As it stands, the company has a worldwide presence supported by 33,000 employees in more than 25 countries. In the past month, TXT stock has risen by about 10%.
On March 17, Textron announced that it has entered an agreement to purchase Pipistrel. Based in Slovenia and Italy, Pipistrel is an award-winning pioneer and global leader in electrically powered aircraft. Under Textron, Pipistrel will have access to greater resources, expertise, and a global aircraft sales and support network. This would in turn accelerate its development and certification of electric and hybrid-electric aircraft. Accordingly, Textron plans to form a new business segment, Textron eAviation, with the focus on developing sustainable aircraft, which will include Pipistrel. With that in mind, should you be keeping an eye on TXT stock?
Source: TD Ameritrade TOS
[Read More] Stock Market Today: Dow Jones, S&P 500 Opens Lower; Anaplan (PLAN) To Be Acquired By Thoma Bravo
Heico
Heico is a defense company that mainly engages in the manufacture and sale of aerospace and electronic products. Its Flight Support Group segment manufactures jet engine and aircraft replacement parts for commercial and military aircrafts. Meanwhile, its Electronic Technologies Group ETG manufactures and sells various electronic, data, and microwave products including infrared simulation test equipment. Its customers include airlines, overhaul shops, satellite manufacturers, and government agencies to name a few.
Heico last week announced that its subsidiary, Lucix, is acquiring Flight Microwave Corporation. In brief, Flight Microwave designs and manufactures custom high-power filters and filter assemblies used in space and defense applications. As such, this acquisition will effectively expand Lucix’s satellite hardware portfolio. In fact, its products are used by the U.S. Space Force’s Global Positioning System (GPS) III satellite programme and other key U.S. government satellite payloads. Heico expects this acquisition to be accretive to earnings in the year following the purchase. Considering this acquisition, would you be adding HEI stock to your portfolio?
Source: TD Ameritrade TOS
Nucor
Nucor is a manufacturer of steel and steel products. It has facilities in the U.S., Canada, and Mexico. In essence, it produces carbon and alloy steel in bars, beams, sheets, and plates. It also fabricates concrete reinforced steel, precision castings, and steel fasteners. Through its David J. Joseph Company, the company also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron. Impressively, NUE stock has risen by over 90% in the past year.
Last week, the steel company announced guidance for its first quarter ending April 2022. Namely, the company expects to achieve record first-quarter earnings in the range of $7.20 to $7.30 per diluted share. Moving on, its steel products segment is expected to bring in increased earnings quarter-over-quarter. This is thanks to continued strong non-residential construction-related demand and expanding profit margins. Besides that, earnings for Nucor’s raw materials segment is expected to be in line with its previous quarter’s performance. With this guidance, do you believe that NUE stock has more room to grow?
Source: TD Ameritrade TOS
[Read More] Top Stock Market News For Today March 21, 2022
Deere & Company
Deere & Company or John Deere is a world leader in providing advanced products and services for the agricultural and construction businesses. With over 180 years of experience and terabytes of precision data, the company knows its business better than anyone else. Impressively, the company offers a portfolio of more than 25 brands that provide a full line of innovative solutions for its customers in a variety of production systems.
Last month, the company acquired full ownership of three Deere-Hitachi joint venture factories. In addition, it has also begun new license and supply agreements with its former partner Hitachi Construction Machinery. Accordingly, the factories will continue to manufacture Deere-branded construction excavators and forestry equipment. And through the new supply agreement, Deere will continue to offer Hitachi a full portfolio of excavators. With this strategic acquisition of the factories, Deere now controls its excavator design, product, and feature updates. Hence, making it possible for Deere to more rapidly respond to customer requirements and the ability to integrate excavators with its other products. Given this, would you invest in DE stock?
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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Impressively, the company offers a portfolio of more than 25 brands that provide a full line of innovative solutions for its customers in a variety of production systems. 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. Thus, many may still consider less volatile stocks such as those in the industrial space as attractive options.
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Industrial Stocks To Watch Today The Boeing Company (NYSE: BA) Textron Inc. (NYSE: TXT) Heico Corporation (NYSE: HEI) Nucor Corporation (NYSE: NUE) Deere & Company (NYSE: DE) Boeing Starting off our list is a top name in the aerospace industry, Boeing. Source: TD Ameritrade TOS Textron Another top industrial stock to watch is Textron. Source: TD Ameritrade TOS [Read More] Top Stock Market News For Today March 21, 2022 Deere & Company Deere & Company or John Deere is a world leader in providing advanced products and services for the agricultural and construction businesses.
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Industrial Stocks To Watch Today The Boeing Company (NYSE: BA) Textron Inc. (NYSE: TXT) Heico Corporation (NYSE: HEI) Nucor Corporation (NYSE: NUE) Deere & Company (NYSE: DE) Boeing Starting off our list is a top name in the aerospace industry, Boeing. Source: TD Ameritrade TOS [Read More] Stock Market Today: Dow Jones, S&P 500 Opens Lower; Anaplan (PLAN) To Be Acquired By Thoma Bravo Heico Heico is a defense company that mainly engages in the manufacture and sale of aerospace and electronic products. Source: TD Ameritrade TOS [Read More] Top Stock Market News For Today March 21, 2022 Deere & Company Deere & Company or John Deere is a world leader in providing advanced products and services for the agricultural and construction businesses.
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Industrial Stocks To Watch Today The Boeing Company (NYSE: BA) Textron Inc. (NYSE: TXT) Heico Corporation (NYSE: HEI) Nucor Corporation (NYSE: NUE) Deere & Company (NYSE: DE) Boeing Starting off our list is a top name in the aerospace industry, Boeing. Source: TD Ameritrade TOS [Read More] Top Stock Market News For Today March 21, 2022 Deere & Company Deere & Company or John Deere is a world leader in providing advanced products and services for the agricultural and construction businesses. Thus, many may still consider less volatile stocks such as those in the industrial space as attractive options.
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2022-03-21 00:00:00 UTC
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How to Build a Stock Portfolio for Beginners -- Why I Bought SentinelOne
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https://www.nasdaq.com/articles/how-to-build-a-stock-portfolio-for-beginners-why-i-bought-sentinelone
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Today, I am providing an update to my video series on how to build a growth stock portfolio from scratch. This series is focused on investing for beginners, but investors of all backgrounds will enjoy this content. The stock market can be challenging to navigate, but this diversified portfolio enables successful long-term growth investing.
In the previous video, I started a new portfolio using the following allocations:
60% growth stocks
20% ETFs as a core
10% dividend stocks
10% speculative stocks
I have added a new position to the portfolio, and the video below explains why I bought SentinelOne (NYSE: S). SentinelOne was founded in 2013 and delivers autonomous endpoint cybersecurity solutions. SentinelOne's Singularity Endpoint Security Platform includes prevention, detection, response, remediation, and forensics on a single platform powered by artificial intelligence. The company's AI is powered by XDR, which stands for "extended detection and response." XDR is essentially a next-generation approach to threat detection and response, enabling higher visibility, protection, and efficiency. XDR technology allows organizations to collect and correlate data across networks, cloud workloads, emails, servers, endpoints, and more.
The below video also shares the entire portfolio, including all current positions, the cost basis for each stock, and the percentage gains. Please watch the video for more information, and don't forget to subscribe and click the bell to receive notifications so you don't miss any future videos in the series.
*Stock prices used in the below video were during the trading day of March 18, 2022. The video was published on March 18, 2022.
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*Stock Advisor returns as of March 3, 2022
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Eric Cuka owns Alphabet (A shares), Apple, Blend Labs, Inc., Confluent, Inc., CrowdStrike Holdings, Inc., DLocal Limited, Datadog, Deere & Company, Invesco QQQ Trust, Marvell Technology Group, Matterport, Inc., Microsoft, Nvidia, Roblox Corporation, SentinelOne, Inc., Snowflake Inc., SoFi Technologies, Inc., Tesla, The Trade Desk, Unity Software Inc., Upstart Holdings, Inc., Vanguard S&P 500 ETF, WisdomTree Trust-WisdomTree Cloud Computing Fund, iShares PHLX SOX Semiconductor Sector Index Fund, and indie Semiconductor, Inc. and has the following options: long January 2023 $35 calls on SoFi Technologies, Inc. The Motley Fool owns and recommends Alphabet (A shares), Apple, Confluent, Inc., CrowdStrike Holdings, Inc., Datadog, Matterport, Inc., Microsoft, Nvidia, Roblox Corporation, Snowflake Inc., Tesla, The Trade Desk, Unity Software Inc., Upstart Holdings, Inc., and Vanguard S&P 500 ETF. The Motley Fool recommends Alphabet (C shares) and Marvell Technology Group and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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XDR is essentially a next-generation approach to threat detection and response, enabling higher visibility, protection, and efficiency. The below video also shares the entire portfolio, including all current positions, the cost basis for each stock, and the percentage gains. Eric Cuka owns Alphabet (A shares), Apple, Blend Labs, Inc., Confluent, Inc., CrowdStrike Holdings, Inc., DLocal Limited, Datadog, Deere & Company, Invesco QQQ Trust, Marvell Technology Group, Matterport, Inc., Microsoft, Nvidia, Roblox Corporation, SentinelOne, Inc., Snowflake Inc., SoFi Technologies, Inc., Tesla, The Trade Desk, Unity Software Inc., Upstart Holdings, Inc., Vanguard S&P 500 ETF, WisdomTree Trust-WisdomTree Cloud Computing Fund, iShares PHLX SOX Semiconductor Sector Index Fund, and indie Semiconductor, Inc. and has the following options: long January 2023 $35 calls on SoFi Technologies, Inc.
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Eric Cuka owns Alphabet (A shares), Apple, Blend Labs, Inc., Confluent, Inc., CrowdStrike Holdings, Inc., DLocal Limited, Datadog, Deere & Company, Invesco QQQ Trust, Marvell Technology Group, Matterport, Inc., Microsoft, Nvidia, Roblox Corporation, SentinelOne, Inc., Snowflake Inc., SoFi Technologies, Inc., Tesla, The Trade Desk, Unity Software Inc., Upstart Holdings, Inc., Vanguard S&P 500 ETF, WisdomTree Trust-WisdomTree Cloud Computing Fund, iShares PHLX SOX Semiconductor Sector Index Fund, and indie Semiconductor, Inc. and has the following options: long January 2023 $35 calls on SoFi Technologies, Inc. The Motley Fool owns and recommends Alphabet (A shares), Apple, Confluent, Inc., CrowdStrike Holdings, Inc., Datadog, Matterport, Inc., Microsoft, Nvidia, Roblox Corporation, Snowflake Inc., Tesla, The Trade Desk, Unity Software Inc., Upstart Holdings, Inc., and Vanguard S&P 500 ETF. Today, I am providing an update to my video series on how to build a growth stock portfolio from scratch.
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In the previous video, I started a new portfolio using the following allocations: 60% growth stocks 20% ETFs as a core 10% dividend stocks 10% speculative stocks I have added a new position to the portfolio, and the video below explains why I bought SentinelOne (NYSE: S). Eric Cuka owns Alphabet (A shares), Apple, Blend Labs, Inc., Confluent, Inc., CrowdStrike Holdings, Inc., DLocal Limited, Datadog, Deere & Company, Invesco QQQ Trust, Marvell Technology Group, Matterport, Inc., Microsoft, Nvidia, Roblox Corporation, SentinelOne, Inc., Snowflake Inc., SoFi Technologies, Inc., Tesla, The Trade Desk, Unity Software Inc., Upstart Holdings, Inc., Vanguard S&P 500 ETF, WisdomTree Trust-WisdomTree Cloud Computing Fund, iShares PHLX SOX Semiconductor Sector Index Fund, and indie Semiconductor, Inc. and has the following options: long January 2023 $35 calls on SoFi Technologies, Inc. Today, I am providing an update to my video series on how to build a growth stock portfolio from scratch.
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In the previous video, I started a new portfolio using the following allocations: 60% growth stocks 20% ETFs as a core 10% dividend stocks 10% speculative stocks I have added a new position to the portfolio, and the video below explains why I bought SentinelOne (NYSE: S). Today, I am providing an update to my video series on how to build a growth stock portfolio from scratch. SentinelOne was founded in 2013 and delivers autonomous endpoint cybersecurity solutions.
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721250.0
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2022-03-21 00:00:00 UTC
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Has Alcoa (AA) Outpaced Other Industrial Products Stocks This Year?
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https://www.nasdaq.com/articles/has-alcoa-aa-outpaced-other-industrial-products-stocks-this-year-1
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Alcoa (AA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Alcoa is a member of our Industrial Products group, which includes 224 different companies and currently sits at #8 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Alcoa is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AA's full-year earnings has moved 115.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AA has returned about 38.4% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 6%. This means that Alcoa is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Deere (DE). The stock has returned 20.5% year-to-date.
In Deere's case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Alcoa belongs to the Metal Products - Distribution industry, which includes 6 individual stocks and currently sits at #27 in the Zacks Industry Rank. This group has gained an average of 18.7% so far this year, so AA is performing better in this area.
Deere, however, belongs to the Manufacturing - Farm Equipment industry. Currently, this 7-stock industry is ranked #52. The industry has moved +19.5% so far this year.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Alcoa and Deere as they could maintain their solid performance.
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To read this article on Zacks.com 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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Alcoa is a member of our Industrial Products group, which includes 224 different companies and currently sits at #8 in the Zacks Sector Rank. Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Alcoa and Deere as they could maintain their solid performance. 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.
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Looking more specifically, Alcoa belongs to the Metal Products - Distribution industry, which includes 6 individual stocks and currently sits at #27 in the Zacks Industry Rank. Deere & Company (DE): Free Stock Analysis Report Alcoa is a member of our Industrial Products group, which includes 224 different companies and currently sits at #8 in the Zacks Sector Rank.
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Another Industrial Products stock, which has outperformed the sector so far this year, is Deere (DE). Looking more specifically, Alcoa belongs to the Metal Products - Distribution industry, which includes 6 individual stocks and currently sits at #27 in the Zacks Industry Rank. Alcoa is a member of our Industrial Products group, which includes 224 different companies and currently sits at #8 in the Zacks Sector Rank.
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Another Industrial Products stock, which has outperformed the sector so far this year, is Deere (DE). Alcoa is a member of our Industrial Products group, which includes 224 different companies and currently sits at #8 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.
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2022-03-20 00:00:00 UTC
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3 Unstoppable Dividend Stocks That Benefit From Higher Oil and Commodity Prices
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https://www.nasdaq.com/articles/3-unstoppable-dividend-stocks-that-benefit-from-higher-oil-and-commodity-prices
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Rising oil and gas prices have been a key cause of inflation. In fact, the consumer price index rose 7.9% between February 2021 and February 2022, marking the largest year-over-year U.S. inflation reading in 40 years.
A strained supply chain and years of underinvestment may result in higher oil and gas and commodity prices for longer than just the short term. Caterpillar (NYSE: CAT), Deere & Company (NYSE: DE), and Phillips 66 (NYSE: PSX) are three dividend stocks that are benefiting from the current economic situation, but also have the qualities needed to support a long-term investment thesis. Here's what makes each company a great buy now.
Image source: Getty Images.
Caterpillar is positioned to capture upside in a strained economy
Daniel Foelber (Caterpillar): Caterpillar's equipment supports various industries in the industrial sector, including oil and gas and mining. So, while it may not directly benefit from the production and sale of oil and gas or other commodities that are rising in price like copper or nickel, its business tends to do better when investment is rising in these industries.
When oil and gas and mining companies aren't making a lot of money, they are less inclined to invest in new equipment made by Caterpillar. But when times are good, there's added incentive to maximize margins by updating fleets with equipment that may be expensive but often results in a lower total cost of ownership.
The same goes for construction. When infrastructure investment is booming, there's more demand for Caterpillar's products. Caterpillar's sensitivity to the health of the global industrial economy is what makes it a cyclical stock whose earnings fluctuate heavily based on the business cycle.
Despite the choppy nature of its short-term results, the company consistently generates sizable free cash flow and raises its dividend. In fact, Caterpillar is a Dividend Aristocrat that has paid and raised its dividend for 27 consecutive years. Caterpillar's ability to capture short-term upside from a variety of industries paired with its growing dividend is what makes the company a balanced long-term buy. Caterpillar stock has a dividend yield of 2.1%.
Downside protection from the conflict in Ukraine
Lee Samaha (Deere): Given the geopolitical uncertainty in the world, particularly in Ukraine, it makes sense to add some protection to your portfolio. One way is through buying stock in agricultural equipment maker Deere.
The argument is relatively simple. Russia and Ukraine are both major exporters of wheat and sunflower oil and, to a lesser extent, soybeans, while Ukraine is a major exporter of corn. In addition, Russia is a major exporter of fertilizer.
The conflict and sanctions have led to soaring crop prices. Moreover, a quick resolution to the conflict is unlikely to lead to a hasty relaxation of sanctions or normalization of trading conditions. These things put pressure on crop supplies, meaning prices could stay elevated through 2022.
High crop prices are usually good news for agricultural equipment manufacturers as farmers tend to invest in new equipment when prices rise. Moreover, the marginal increase in sales in Deere's key North American market due to rising crop prices is likely to offset the loss of sales in Ukraine and Russia -- not least because the former tends to be more profitable for Deere.
In addition, Deere is a significant player in infrastructure and is an excellent way to play an increase in spending on road building. And finally, it's worth noting that Deere is seeing strong uptake in its smart farming and precision agriculture solutions. As a result, an increase in demand for equipment will also lead to increased adoption of Deere's smart technologies. All told, Deere is set to have a strong year, and the stock gives some protection from an extended conflict in Ukraine.
Get your high oil price kicks with Phillips 66
Scott Levine (Phillips 66): As the price of oil consistently trades above $100 per barrel, savvy investors are on the prowl for petroleum-affiliated companies that stand to prosper from higher energy prices -- companies like Phillips 66. A diversified energy company, Phillips 66 operates 13 crude oil and other feedstock refineries in the United States and Europe, which represent a daily refining capacity of 2.2 million barrels of crude oil. In addition, Phillips 66 has a variety of midstream assets, including the operation of more than 22,000 miles of pipeline throughout the United States, some of which the company also owns. Add to all of that the fact that the company provides jet and aviation fuel, and that it's one of the leading suppliers of lubricants in the U.S., and it becomes apparent that the company is doing more than merely pumping oil out of the ground.
The movement in the price of oil benefits the company in a variety of ways, but one aspect that is of utmost importance is the ability for it to improve its financial health. Sure, a healthy boost to the dividend would put a big smile on investors' faces; however, we're looking at the long haul here, favoring management teams that prioritize sound fundamentals. And with Phillips 66 that focus is readily apparent. On the company's fourth-quarter 2021 conference call, for example, Phillips 66 noted that it paid down $1.5 billion in debt during 2021.
While shares of Phillips 66 will likely follow the rise in the price of oil, potential investors need not worry that it's too late to click the buy button. Shares are trading hands at a very reasonable valuation: 5.6 times operating cash flow. Considering the fact that the stock's five-year average multiple is 11.1, it appears that now is a great time to power your portfolio with this diversified energy dynamo.
10 stocks we like better than Caterpillar
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 Caterpillar 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 March 3, 2022
Daniel Foelber has no position in any of the stocks mentioned. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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But when times are good, there's added incentive to maximize margins by updating fleets with equipment that may be expensive but often results in a lower total cost of ownership. Caterpillar's ability to capture short-term upside from a variety of industries paired with its growing dividend is what makes the company a balanced long-term buy. Sure, a healthy boost to the dividend would put a big smile on investors' faces; however, we're looking at the long haul here, favoring management teams that prioritize sound fundamentals.
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Caterpillar is positioned to capture upside in a strained economy Daniel Foelber (Caterpillar): Caterpillar's equipment supports various industries in the industrial sector, including oil and gas and mining. Get your high oil price kicks with Phillips 66 Scott Levine (Phillips 66): As the price of oil consistently trades above $100 per barrel, savvy investors are on the prowl for petroleum-affiliated companies that stand to prosper from higher energy prices -- companies like Phillips 66. A diversified energy company, Phillips 66 operates 13 crude oil and other feedstock refineries in the United States and Europe, which represent a daily refining capacity of 2.2 million barrels of crude oil.
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Caterpillar (NYSE: CAT), Deere & Company (NYSE: DE), and Phillips 66 (NYSE: PSX) are three dividend stocks that are benefiting from the current economic situation, but also have the qualities needed to support a long-term investment thesis. Caterpillar is positioned to capture upside in a strained economy Daniel Foelber (Caterpillar): Caterpillar's equipment supports various industries in the industrial sector, including oil and gas and mining. Get your high oil price kicks with Phillips 66 Scott Levine (Phillips 66): As the price of oil consistently trades above $100 per barrel, savvy investors are on the prowl for petroleum-affiliated companies that stand to prosper from higher energy prices -- companies like Phillips 66.
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Caterpillar's ability to capture short-term upside from a variety of industries paired with its growing dividend is what makes the company a balanced long-term buy. Get your high oil price kicks with Phillips 66 Scott Levine (Phillips 66): As the price of oil consistently trades above $100 per barrel, savvy investors are on the prowl for petroleum-affiliated companies that stand to prosper from higher energy prices -- companies like Phillips 66. In fact, the consumer price index rose 7.9% between February 2021 and February 2022, marking the largest year-over-year U.S. inflation reading in 40 years.
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721252.0
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2022-03-16 00:00:00 UTC
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XLI, DE, CSX, NSC: ETF Outflow Alert
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https://www.nasdaq.com/articles/xli-de-csx-nsc%3A-etf-outflow-alert
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $444.2 million dollar outflow -- that's a 2.7% decrease week over week (from 163,230,000 to 158,780,000). Among the largest underlying components of XLI, in trading today Deere & Co. (Symbol: DE) is up about 1.6%, CSX Corp (Symbol: CSX) is up about 1.1%, and Norfolk Southern Corp (Symbol: NSC) is higher by about 1.4%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $93.40 per share, with $107.88 as the 52 week high point — that compares with a last trade of $100.93. 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $444.2 million dollar outflow -- that's a 2.7% decrease week over week (from 163,230,000 to 158,780,000). 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.
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For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $93.40 per share, with $107.88 as the 52 week high point — that compares with a last trade of $100.93. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $444.2 million dollar outflow -- that's a 2.7% decrease week over week (from 163,230,000 to 158,780,000).
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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 The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $444.2 million dollar outflow -- that's a 2.7% decrease week over week (from 163,230,000 to 158,780,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $93.40 per share, with $107.88 as the 52 week high point — that compares with a last trade of $100.93. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $444.2 million dollar outflow -- that's a 2.7% decrease week over week (from 163,230,000 to 158,780,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $93.40 per share, with $107.88 as the 52 week high point — that compares with a last trade of $100.93. 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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c50e889d-501b-4719-83cb-ad39ac18ef69
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721253.0
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2022-03-15 00:00:00 UTC
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3 Top Stock Trades for This Week
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https://www.nasdaq.com/articles/3-top-stock-trades-for-this-week
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
For this week’s top stock trades, we’re focusing on strength. And I’m not taking the easy route by jumping on the commodity train either. Instead, I’m offering up two healthcare companies and one blue-chip industrial stock.
I could have given healthcare a clean sweep with three picks, but the industrial name was too good to pass up. Plus, this isn’t a market for concentrated bets. Playing multiple stocks in different sectors offers at least some safety.
7 Cheap Stocks to Buy If You Only Have $100 to Spend
This week’s selections are all creating bullish breakout patterns. They’re at the top right of their charts and could catch fire once resistance gives way. Remember, the broad market has been sinking like a stone. So the fact that these tickers have been pushing to new highs is impressive and an obvious sign of outperformance.
That’s the pitch. Here are the picks:
Bristol-Myers Squibb (NYSE:BMY)
Abbvie (NASDAQ:ABBV)
Deere & Co (NYSE:DE)
As always, I’ll share my preferred way to play using stock options. That will allow us to build a cheap bet with significant payout potential if the strength continues.
Top Stock Trades for the Week: Bristol-Myers Squibb (BMY)
Source: The thinkorswim® platform from TD Ameritrade
Bristol-Myers Squibb shares are behaving like an inverse exchange-traded fund. They’ve gone straight up this year in defiance of the bear market ravaging stocks. Over the past month, a high base has formed just under $70, creating a clear breakout. The appeal improves when you look at the long-term chart. For seven years, we’ve seen half a dozen rallies die at the doorstep of this round number. And that means prices have zig-zagged in a broad trading range.
I learned in charting kindergarten that you want to be a buyer when prices break out of long-term bases. It signals a powerful sentiment shift and carries high odds of follow-through. BMY stock has room to run to $77, making it the first logical target. To capitalize, I like buying call spreads.
The Trade: Buy the May $70/$75 bull call spread for $1.55.
You’re risking $1.55 to make $3.45 if BMY climbs to $75 by expiration.
Abbvie (ABBV)
Source: The thinkorswim® platform from TD Ameritrade
Abbvie shares have gained ground nearly every week this year. It’s an impressive feat and speaks to just how consistent demand has been. Recently, prices have been coiling in a tight range to create a high base pattern.
The 20-day, 50-day, and 200-day moving averages are all rising. Notably, the 20-day moving average has caught up and is putting upward pressure on prices.
7 Growth Stocks That Trade at Attractive Valuations
Monday saw volume swell as prices finally breached resistance at $151. The participation uptick lends credibility to the rally, making it more likely it sticks, and we see upside follow-through. Consider $160 as the next target. Call vertical spreads offer compelling profit potential.
The Trade: Buy the May $155/$160 bull call spread for $1.90.
The max loss is $1.90, and the max gain is $3.10.
Top Stock Trades for the Week: Deere & Co (DE)
Source: The thinkorswim® platform from TD Ameritrade
Deere & Co isn’t the most popular industrial stock, but it has enough liquidity to make it a viable vehicle for active traders. Surprisingly, it’s been a bastion of strength this year. So far, shares are up 15%.
It’s been a volatile ride, but prices are now testing the upper end of their one-year trading range. Resistance at $400 is the zone that bears watching. Before deploying bullish trades, we need to break out, making this a simple idea to conclude this week’s top stock trades.
The rich price tag of DE stock is filtering into its option premiums. It moves approximately $16 a day on average, so the option values deserve to trade at higher premiums. To lower the cost and avoid throwing thousands into a single trade, we’re again going with a vertical spread. In timing the entry, either wait for prices to trade above $400 intraday or close above it.
The Trade: Buy the May $400/$420 bull call spread for around $8.
You’re risking $8 to make $12.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post 3 Top Stock Trades for This Week appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7 Growth Stocks That Trade at Attractive Valuations Monday saw volume swell as prices finally breached resistance at $151. It moves approximately $16 a day on average, so the option values deserve to trade at higher premiums. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For this week’s top stock trades, we’re focusing on strength.
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Here are the picks: Bristol-Myers Squibb (NYSE:BMY) Abbvie (NASDAQ:ABBV) Deere & Co (NYSE:DE) As always, I’ll share my preferred way to play using stock options. Top Stock Trades for the Week: Bristol-Myers Squibb (BMY) Source: The thinkorswim® platform from TD Ameritrade Bristol-Myers Squibb shares are behaving like an inverse exchange-traded fund. Top Stock Trades for the Week: Deere & Co (DE) Source: The thinkorswim® platform from TD Ameritrade Deere & Co isn’t the most popular industrial stock, but it has enough liquidity to make it a viable vehicle for active traders.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For this week’s top stock trades, we’re focusing on strength. Top Stock Trades for the Week: Deere & Co (DE) Source: The thinkorswim® platform from TD Ameritrade Deere & Co isn’t the most popular industrial stock, but it has enough liquidity to make it a viable vehicle for active traders. Before deploying bullish trades, we need to break out, making this a simple idea to conclude this week’s top stock trades.
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Top Stock Trades for the Week: Deere & Co (DE) Source: The thinkorswim® platform from TD Ameritrade Deere & Co isn’t the most popular industrial stock, but it has enough liquidity to make it a viable vehicle for active traders. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For this week’s top stock trades, we’re focusing on strength. Here are the picks: Bristol-Myers Squibb (NYSE:BMY) Abbvie (NASDAQ:ABBV) Deere & Co (NYSE:DE) As always, I’ll share my preferred way to play using stock options.
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721254.0
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2022-03-14 00:00:00 UTC
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Noteworthy Monday Option Activity: FANG, DE, PRCH
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-fang-de-prch
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Diamondback Energy, Inc. (Symbol: FANG), where a total of 17,399 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 52.6% of FANG's average daily trading volume over the past month of 3.3 million shares. Particularly high volume was seen for the $130 strike call option expiring April 14, 2022, with 4,099 contracts trading so far today, representing approximately 409,900 underlying shares of FANG. Below is a chart showing FANG's trailing twelve month trading history, with the $130 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 14,419 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 52% of DE's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $420 strike call option expiring March 18, 2022, with 753 contracts trading so far today, representing approximately 75,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange:
And Porch Group Inc (Symbol: PRCH) saw options trading volume of 11,410 contracts, representing approximately 1.1 million underlying shares or approximately 52% of PRCH's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $7.50 strike call option expiring March 18, 2022, with 6,341 contracts trading so far today, representing approximately 634,100 underlying shares of PRCH. Below is a chart showing PRCH's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
For the various different available expirations for FANG options, DE options, or PRCH options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $130 strike call option expiring April 14, 2022, with 4,099 contracts trading so far today, representing approximately 409,900 underlying shares of FANG. Especially high volume was seen for the $420 strike call option expiring March 18, 2022, with 753 contracts trading so far today, representing approximately 75,300 underlying shares of DE. Especially high volume was seen for the $7.50 strike call option expiring March 18, 2022, with 6,341 contracts trading so far today, representing approximately 634,100 underlying shares of PRCH.
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Below is a chart showing FANG's trailing twelve month trading history, with the $130 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 14,419 contracts thus far today. Especially high volume was seen for the $420 strike call option expiring March 18, 2022, with 753 contracts trading so far today, representing approximately 75,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange: And Porch Group Inc (Symbol: PRCH) saw options trading volume of 11,410 contracts, representing approximately 1.1 million underlying shares or approximately 52% of PRCH's average daily trading volume over the past month, of 2.2 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Diamondback Energy, Inc. (Symbol: FANG), where a total of 17,399 contracts have traded so far, representing approximately 1.7 million underlying shares. Especially high volume was seen for the $420 strike call option expiring March 18, 2022, with 753 contracts trading so far today, representing approximately 75,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange: And Porch Group Inc (Symbol: PRCH) saw options trading volume of 11,410 contracts, representing approximately 1.1 million underlying shares or approximately 52% of PRCH's average daily trading volume over the past month, of 2.2 million shares.
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Especially high volume was seen for the $420 strike call option expiring March 18, 2022, with 753 contracts trading so far today, representing approximately 75,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $420 strike highlighted in orange: And Porch Group Inc (Symbol: PRCH) saw options trading volume of 11,410 contracts, representing approximately 1.1 million underlying shares or approximately 52% of PRCH's average daily trading volume over the past month, of 2.2 million shares. Below is a chart showing PRCH's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for FANG options, DE options, or PRCH options, visit StockOptionsChannel.com.
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721255.0
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2022-03-14 00:00:00 UTC
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Why This 1 Industrial Products Stock Could Be a Great Addition to Your Portfolio
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https://www.nasdaq.com/articles/why-this-1-industrial-products-stock-could-be-a-great-addition-to-your-portfolio-0
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
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.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
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.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Deere (DE)
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 82nd-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.
On July 25, 2017, DE was added to the Focus List at $126.55 per share. Shares have increased 207.77% to $389.48 since then, and the company is a #2 (Buy) on the Zacks Rank.
For fiscal 2022, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.49 to $22.67. DE boasts an average earnings surprise of 20.6%.
Additionally, DE's earnings are expected to grow 19.4% for the current fiscal year.
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Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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. Also included in Zacks Premium is the Focus List. The stocks included in the list are set to outperform the market over the next 12 months.
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Also included in Zacks Premium is the Focus List. The stocks included in the list are set to outperform the market over the next 12 months. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
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Also included in Zacks Premium is the Focus List. The stocks included in the list are set to outperform the market over the next 12 months. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
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Also included in Zacks Premium is the Focus List. The stocks included in the list are set to outperform the market over the next 12 months. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
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65ecf4a1-a1fe-46ab-a18e-1dc9ac8d82a1
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721256.0
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2022-03-10 00:00:00 UTC
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Caterpillar (CAT) & Other Industrials Suspend Operations in Russia
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https://www.nasdaq.com/articles/caterpillar-cat-other-industrials-suspend-operations-in-russia
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Caterpillar Inc. CAT recently decided to suspend operations in its manufacturing facilities in Russia. The company stated that operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions.
The company announced that through its philanthropic organization, Caterpillar Foundation, it is donating more than $1 million to support both urgent and long-term needs of the Ukraine humanitarian crisis. The donations will help aid relief efforts in Ukraine and surrounding countries with water, food, clothing, hygiene sets, blankets, fuel for heating, medical supplies and housing support.
Caterpillar has been operating a fully-owned manufacturing facility in Tosno, near St. Petersburg, since March 2000. The Tosno plant manufactures two models of off-highway mining trucks, two models of excavators and components for machines and equipment, which are exported to factories in Europe. CAT has a parts distribution facility in Moscow. Russia accounts for approximately 8% of Caterpillar's annual revenues.
Caterpillar joins a slew of companies that have halted business or are cutting ties completely with Russia after its invasion of Ukraine.
Among other industrials, Deere & Company DE has halted shipments to Russia and Belarus. Deere has had a presence in Russia since 1973. The company has an office in St. Petersburg and a manufacturing and parts distribution facility south of Moscow in Domodedovo.
The John Deere Foundation has been working directly with a number of organizations, including multiple UN agencies, in mobilizing resources to support Ukrainians affected by the crisis.
Rockwell Automation, Inc. ROK, a global leader in industrial automation and digital transformation, recently announced that the company is suspending operations and sales in Russia and Belarus. Sales to Russia and Belarus account for less than 0.5% of Rockwell’s total revenues.
Rockwell has made a financial contribution to Project HOPE to provide relief to refugees in Ukraine and neighboring countries. The company has been encouraging employees to help in a variety of ways. Rockwell will match employee donations made to Project HOPE and is offering paid time off to support local volunteer efforts.
Johnson Controls International JCI, which engages in engineering, manufacturing, commissioning, and retrofitting building products and systems, is suspending business in Russia. However, the company clarified that it would fulfill existing contractual obligations to the extent possible and in full compliance with sanctions, and will not be accepting new business or orders.
Image Source: Zacks Investment Research
Caterpillar currently has a Zacks Rank #3 (Hold). Rockwell Automation and Johnson Controls are also Zacks Ranked #3 stocks. Deere currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Caterpillar has an estimated earnings growth rate of 13.8% for 2022. CAT has a trailing four-quarter earnings surprise of 24.1%, on average. Over the past year, Caterpillar stock has fallen 4.6%.
Rockwell Automation has an estimated earnings growth rate of 12.8% for 2022. ROK has a trailing four-quarter earnings surprise of 9.5%, on average. Over the past year, Rockwell Automation's stock has gained 2.5%.
Deere has an estimated earnings growth rate of 19.4% for 2022. It has a trailing four-quarter earnings surprise of 20.6%, on average. Over the past year, DE stock has gained 1.2%.
Johnson Controls has an estimated earnings growth rate of 23.4% for 2022. JCI has a trailing four-quarter earnings surprise of 2.3%, on average. Over the past year, Johnson Controls stock has gained 2.8%.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers 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
Caterpillar Inc. (CAT): Free Stock Analysis Report
Johnson Controls International plc (JCI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Rockwell Automation, Inc. (ROK): 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 John Deere Foundation has been working directly with a number of organizations, including multiple UN agencies, in mobilizing resources to support Ukrainians affected by the crisis. Caterpillar Inc. CAT recently decided to suspend operations in its manufacturing facilities in Russia. The Tosno plant manufactures two models of off-highway mining trucks, two models of excavators and components for machines and equipment, which are exported to factories in Europe.
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Deere & Company (DE): Free Stock Analysis Report Caterpillar Inc. CAT recently decided to suspend operations in its manufacturing facilities in Russia. The Tosno plant manufactures two models of off-highway mining trucks, two models of excavators and components for machines and equipment, which are exported to factories in Europe.
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Rockwell Automation, Inc. ROK, a global leader in industrial automation and digital transformation, recently announced that the company is suspending operations and sales in Russia and Belarus. Caterpillar Inc. CAT recently decided to suspend operations in its manufacturing facilities in Russia. The Tosno plant manufactures two models of off-highway mining trucks, two models of excavators and components for machines and equipment, which are exported to factories in Europe.
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Caterpillar Inc. CAT recently decided to suspend operations in its manufacturing facilities in Russia. Rockwell will match employee donations made to Project HOPE and is offering paid time off to support local volunteer efforts. The Tosno plant manufactures two models of off-highway mining trucks, two models of excavators and components for machines and equipment, which are exported to factories in Europe.
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2022-03-10 00:00:00 UTC
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Rio first big miner to cut Russia ties; Sony, Nintendo halt console sales
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https://www.nasdaq.com/articles/rio-first-big-miner-to-cut-russia-ties-sony-nintendo-halt-console-sales
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By Praveen Menon and Sam Nussey
March 10 (Reuters) - Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine.
Japanese construction machinery supplier Hitachi 6501.T said it would stop exports and cease most operations in Russia except for vital electrical power facilities, following similar exits by American industrial companies Caterpillar CAT.N, 3M Co MMM.N, Deere DE.N and Honeywell HON.O.
"We took multiple factors including the supply chain situation into account," a spokesperson for Hitachi said, echoing a statement from Caterpillar.
The Nikkei newspaper reported Hitachi had suspended operations in Russia following a request from the Ukrainian government to do so.
Sony 6758.T, whose movie studio had already stopped releases in Russia, suspended the launch of racing game "Gran Turismo 7". Rival Nintendo 7974.T said it delayed the global release of "Advance Wars 1+2: Re-Boot Camp", a turn-based strategy game with a military theme.
Food companies Nestle NESN.S, Mondelez MDLZ.O, Procter & Gamble PG.N and Unilever ULVR.L halted investment in Russia, but said they would continue providing essentials.
Coke KO.N and McDonald's MCD.N have halted sales in Russia, KFC owner Yum Brands YUM.N has paused investments, and hoteliers Hilton HLT.N and Hyatt H.N said they would suspend development.
Japan's Shiseido 4911.T suspended exports of its cosmetics to Russia from Europe as well as advertising and promotions.
While some companies such as Ford F.N and Apple AAPL.O have condemned Russia's invasion of Ukraine, others including Japanese automaker Toyota 7203.T have taken a more neutral stance, blaming a halt in production in Russia on logistical hurdles.
Sweeping Western sanctions have isolated Russia even as shippers have suspended routes, and European Union leaders plan to phase out buying Russian energy in a bid to be less dependent on Russia after it invaded Ukraine.
The war, which entered its third week on Thursday, has killed thousands of people and rendered more than two million refugees.
It has decimated the rouble, roiled stock markets and prices of oil and other commodities have skyrocketed, adding to global inflation that was surging even before the conflict began.
PAY IN ROUBLES
Russia plans to order local airlines to pay for leased aircraft in roubles and bar them from returning planes to foreign companies if the latter cancel the lease, according to a draft law published on Thursday.
Moscow, which calls the war a "special military operation," has warned it might nationalise idled foreign assets in retaliation against Western sanctions.
Rio Tinto RIO.L, RIO.AX, which owns an 80% stake in a joint venture with Russian aluminium producer Rusal RUAL.MM, said it was "in the process of terminating all commercial relationships it has with any Russian business."
Earlier, a top executive from the Anglo-Australian firm said the company was looking for alternative fuel sources for its Mongolian copper operations at Oyu Tolgoi, but did not believe it could stop buying from Russia altogether.
It was not immediately clear if Rio would continue to buy Russian fuel through non-Russian third parties.
Rio rival BHP BHP.AX, which had said earlier this week that the war was having a "dramatic impact" on its business in terms of commodity prices, did not immediately comment on Thursday on whether it had any business links with Russian firms and would consider terminating them.
Italian energy group Eni ENI.MI suspended the purchase of oil from Russia and said it was watching developments closely with regards to gas procurement.
Eni, which had already frozen joint ventures with Russian oil group Rosneft ROSN.MM following sanctions imposed in 2014, also has long-term take-or-pay gas contracts with Gazprom GAZP.MM.
On Tuesday, the United States banned Russian oil imports.
Western sanctions have also targeted banks and billionaires, with the European Commission preparing new sanctions against additional Russian oligarchs and politicians, and three Belarusian banks, Reuters reported.
Citigroup C.N said it is operating its Russian consumer business on a more limited basis while sticking with its plans to divest the franchise.
Banks are likely to find it harder than many other companies to extricate themselves from Russia, experts predict, because it is hard to walk away from lending commitments and other types of financial claims.
(Reporting by Praveen Menon in Wellington, Sam Nussey in Tokyo, and other Reuters bureaux; Writing by Sayantani Ghosh; editing by Richard Pullin)
((sayantani.ghosh@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 Praveen Menon and Sam Nussey March 10 (Reuters) - Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine. Japanese construction machinery supplier Hitachi 6501.T said it would stop exports and cease most operations in Russia except for vital electrical power facilities, following similar exits by American industrial companies Caterpillar CAT.N, 3M Co MMM.N, Deere DE.N and Honeywell HON.O. The Nikkei newspaper reported Hitachi had suspended operations in Russia following a request from the Ukrainian government to do so.
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By Praveen Menon and Sam Nussey March 10 (Reuters) - Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine. Japanese construction machinery supplier Hitachi 6501.T said it would stop exports and cease most operations in Russia except for vital electrical power facilities, following similar exits by American industrial companies Caterpillar CAT.N, 3M Co MMM.N, Deere DE.N and Honeywell HON.O. The Nikkei newspaper reported Hitachi had suspended operations in Russia following a request from the Ukrainian government to do so.
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By Praveen Menon and Sam Nussey March 10 (Reuters) - Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine. While some companies such as Ford F.N and Apple AAPL.O have condemned Russia's invasion of Ukraine, others including Japanese automaker Toyota 7203.T have taken a more neutral stance, blaming a halt in production in Russia on logistical hurdles. Sweeping Western sanctions have isolated Russia even as shippers have suspended routes, and European Union leaders plan to phase out buying Russian energy in a bid to be less dependent on Russia after it invaded Ukraine.
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By Praveen Menon and Sam Nussey March 10 (Reuters) - Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine. Rio rival BHP BHP.AX, which had said earlier this week that the war was having a "dramatic impact" on its business in terms of commodity prices, did not immediately comment on Thursday on whether it had any business links with Russian firms and would consider terminating them. Japanese construction machinery supplier Hitachi 6501.T said it would stop exports and cease most operations in Russia except for vital electrical power facilities, following similar exits by American industrial companies Caterpillar CAT.N, 3M Co MMM.N, Deere DE.N and Honeywell HON.O.
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721258.0
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2022-03-07 00:00:00 UTC
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Here's How Much You'd Have If You Invested $1000 in Deere a Decade Ago
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DE
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https://www.nasdaq.com/articles/heres-how-much-youd-have-if-you-invested-%241000-in-deere-a-decade-ago
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Deere (DE) ten years ago? It may not have been easy to hold on to DE for all that time, but if you did, how much would your investment be worth today?
Deere's Business In-Depth
With that in mind, let's take a look at Deere's main business drivers.
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 82nd-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.
Beginning fiscal 2021, the company has four reportable segments. Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments:
The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment.
The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally, and turf customers. It will cater to production systems for dairy and livestock, high-value crops, and turf and utility operators. Products include certain mid-size and small tractors, and hay and forage equipment, riding and commercial lawn equipment, golf course equipment, and utility vehicles.
The Construction and Forestry (25% of revenues in fiscal 2021) segment manufactures machines and service parts used in construction, earthmoving, material handling and timber harvesting. Deere also manufactures and distributes road building equipment through its wholly-owned subsidiaries of the Wirtgen Group.
Deere also finances sales and leases for new and used equipment through its Financial Services segment, which generated 10% of the Deere’s revenues in fiscal 2021.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Deere a decade ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in March 2012 would be worth $4,740.76, or a 374.08% gain, as of March 7, 2022. Investors should keep in mind that this return excludes dividends but includes price appreciation.
Compare this to the S&P 500's rally of 216.06% and gold's return of 12.25% over the same time frame.
Analysts are anticipating more upside for DE.
Deere expects fiscal 2022 net income between $6.7 billion and $7.1 billion. The ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. However, higher material and labor costs are likely to dent margin.
Shares have gained 5.57% over the past four weeks and there have been 9 higher earnings estimate revisions for fiscal 2022 compared to none lower. The consensus estimate has moved up as well.
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Primary products include large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application and crop care equipment. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. The Small Agriculture and Turf segment will deliver products to support mid-size and small growers and producers globally, and turf customers. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth.
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Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. What if you'd invested in Deere (DE) ten years ago?
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It may not have been easy to hold on to DE for all that time, but if you did, how much would your investment be worth today? Agriculture and turf operations, which generated around 63% of Deere’s revenues in fiscal 2020 has been divided into two new segments: The Production and Precision Agriculture segment is responsible for defining, developing, and delivering global equipment and technology solutions that cater to production-scale growers of large grains, small grains, cotton, and sugar. What if you'd invested in Deere (DE) ten years ago?
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7083d141-a923-4d92-93b0-b7393e608ed7
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721259.0
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2022-03-07 00:00:00 UTC
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Stocks To Pick As Business Spending Rises
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DE
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https://www.nasdaq.com/articles/stocks-to-pick-as-business-spending-rises
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Our theme of Capex Cycle Stocks – which includes heavy equipment makers, electrical systems suppliers, automation solutions providers, and semiconductor fabrication equipment players – has declined by about 11% year-to-date in 2022, compared to the S&P 500 which is down about 9% over the same period. While the recent pullback is driven by a broader sell-off in equities, given the rising interest rate environment and the ongoing Russia-Ukraine war, there are a couple of trends that could help the theme in the medium term.
With the global economic recovery likely to continue over 2022 with demand for goods and services remaining strong, companies are expected to prioritize improving capacity and easing the many supply chain bottlenecks that were increasingly obvious through the Covid-19 reopening. Corporates have also been posting solid profits over the last year, bolstering their cash holdings and this could also drive up investments. Moreover, companies could also invest more into automation solutions to mitigate the impacts of a tight labor market and soaring wages. For perspective, U.S. jobless claims have declined to the lowest levels seen since 1970, with the U.S. employment-cost index, a measure of the wages and benefits paid by employers, rising by about 4% year-over-year in Q4 2021. Data from S&P Global Ratings indicates that capital expenditures by large companies globally are expected to rise about 6% year-over-year in 2022. Separately, the passage of the U.S. infrastructure bill last year, which earmarks about $550 billion toward new infrastructure spending should also drive demand for the companies in our theme.
Within our theme, Lam Research stock, a supplier of wafer fabrication equipment and related services to the semiconductor industry, has been the weakest performer, with its stock down by about 23% year-to-date. On the other side, Deere stock, a company that manufacturers machinery used in agricultural, construction, and forestry, has been the strongest performer, rising by about 3% year-to-date.
Here you’ll find our previous coverage of the Capex cycle stocks theme, where you can track our view over time.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Mar 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
DE Return 0% 5% 249%
S&P 500 Return 0% -8% 96%
Trefis MS Portfolio Return 0% -10% 254%
[1] Month-to-date and year-to-date as of 3/1/2022
[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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While the recent pullback is driven by a broader sell-off in equities, given the rising interest rate environment and the ongoing Russia-Ukraine war, there are a couple of trends that could help the theme in the medium term. With the global economic recovery likely to continue over 2022 with demand for goods and services remaining strong, companies are expected to prioritize improving capacity and easing the many supply chain bottlenecks that were increasingly obvious through the Covid-19 reopening. For perspective, U.S. jobless claims have declined to the lowest levels seen since 1970, with the U.S. employment-cost index, a measure of the wages and benefits paid by employers, rising by about 4% year-over-year in Q4 2021.
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Our theme of Capex Cycle Stocks – which includes heavy equipment makers, electrical systems suppliers, automation solutions providers, and semiconductor fabrication equipment players – has declined by about 11% year-to-date in 2022, compared to the S&P 500 which is down about 9% over the same period. Total [2] DE Return 0% 5% 249% S&P 500 Return 0% -8% 96% Trefis MS Portfolio Return 0% -10% 254% [1] Month-to-date and year-to-date as of 3/1/2022 [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. While the recent pullback is driven by a broader sell-off in equities, given the rising interest rate environment and the ongoing Russia-Ukraine war, there are a couple of trends that could help the theme in the medium term.
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Our theme of Capex Cycle Stocks – which includes heavy equipment makers, electrical systems suppliers, automation solutions providers, and semiconductor fabrication equipment players – has declined by about 11% year-to-date in 2022, compared to the S&P 500 which is down about 9% over the same period. Total [2] DE Return 0% 5% 249% S&P 500 Return 0% -8% 96% Trefis MS Portfolio Return 0% -10% 254% [1] Month-to-date and year-to-date as of 3/1/2022 [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. While the recent pullback is driven by a broader sell-off in equities, given the rising interest rate environment and the ongoing Russia-Ukraine war, there are a couple of trends that could help the theme in the medium term.
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Our theme of Capex Cycle Stocks – which includes heavy equipment makers, electrical systems suppliers, automation solutions providers, and semiconductor fabrication equipment players – has declined by about 11% year-to-date in 2022, compared to the S&P 500 which is down about 9% over the same period. Total [2] DE Return 0% 5% 249% S&P 500 Return 0% -8% 96% Trefis MS Portfolio Return 0% -10% 254% [1] Month-to-date and year-to-date as of 3/1/2022 [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. While the recent pullback is driven by a broader sell-off in equities, given the rising interest rate environment and the ongoing Russia-Ukraine war, there are a couple of trends that could help the theme in the medium term.
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2022-03-07 00:00:00 UTC
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Top Wheat Stocks To Buy Amidst Potential Shortages? 3 In Focus
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https://www.nasdaq.com/articles/top-wheat-stocks-to-buy-amidst-potential-shortages-3-in-focus
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Are These The Best Wheat Stocks To Invest In This Week?
As the stock market tumbles from news of growing Russian sanctions and import bans, wheat stocks are in focus. By and large, the current shift in attention to the wheat industry is not all that surprising. After all, Russia is one of, if not the largest exporter of wheat globally. By Reuters estimates, Russia and Ukraine together account for a whopping 29% of global wheat exports. With the war between the two nations, this chunk of the world’s wheat is essentially off the table. By extension, this turns into increasing pressure on existing wheat supplies and outgoing wheat prices. In detail, a combination of sanctions on Russia and a naval blockade of Ukrainian ports would be the cause for all this.
Overall, this would likely see wheat become another hot commodity, similar to oil, because of the current war. As such, agriculture-focused companies like The Andersons (NASDAQ: ANDE) and John Deere (NYSE: DE) could be worth noting. On one hand, Andersons reported record adjusted pretax income in its latest quarterly update just last month. The company cites strong execution across its 2021 grain belt harvest alongside growth in newer clean energy markets for the solid quarter. Moreover, Andersons also declared a quarterly cash dividend of $0.18 per share shortly after. This would mark its 102nd consecutive quarterly dividend since listing on the Nasdaq.
On the other hand, John Deere continues to expand its world-leading agricultural tech operations. Last week, the company acquired full ownership of three joint venture factories from previous team-ups with Hitachi. All in all, wheat and the broader agricultural space are among the more defensive plays in the stock market today. After considering the current market volatility, could wheat stocks be top picks now?
Wheat Stocks To Buy [Or Sell] Right Now
MGP Ingredients Inc. (NASDAQ: MGPI)
Archer-Daniels-Midland Company (NYSE: ADM)
Bunge Ltd. (NYSE: BG)
MGP Ingredients Inc.
MGP Ingredients is a leading producer and supplier of premium distilled spirits and specialty wheat proteins and starches. Its distilled spirits include premium bourbon and rye whiskeys, gins, and vodkas. The company’s proteins and starches are created in the same manner and provide a host of functional, nutritional, and sensory benefits for a wide range of food products. MGPI stock is up by over 24% in the past year alone.
On February 24, 2022, the company reported its fourth-quarter and full-year 2021 financials. Diving in, sales for the quarter increased by 65.3% year-over-year to $166.8 million. The company says this quarter’s increase is due to sales growth in each of its reporting segments. Furthermore, gross profit increased by 66.3% to $52.8 million for the quarter. MGP Ingredients also posted a diluted earnings per share of $1.40, more than doubling from a year ago.
“Our record performance this year demonstrated the strength of our business model and the value each of our segments bring to our global customer base and was bolstered by the synergistic effects of the Luxco acquisition,” said David Colo, president, and CEO of MGP Ingredients. “New distillate and aged whiskey sales experienced another solid year which drove a 28.4% increase in premium beverage alcohol sales for the year. Specialty ingredients sales posted strong double-digit growth this year, resulting in a 16.1% increase in segment sales, and represents another record year for our Ingredient Solutions segment.” The company also continues to build its established track record of providing differentiated products and services to customers in 2022. All things considered, is MGPI stock worth investing in?
Source: TD Ameritrade TOS
[Read More] Top Stock Market News For Today March 7, 2022
Archer-Daniels-Midland Company
Archer-Daniels-Midland (ADM) is a multinational food processing and commodities trading corporation. The company is a premier global human and animal nutrition company and delivers groundbreaking products to support healthier living. It provides an unmatched agricultural supply chain manager and processor. The company also provides food security by connecting local needs with global capabilities.
Last month, the company announced the pricing of its first sustainable bond, which will support initiatives for the company’s goals across the environmental, social, and governance (ESG) spectrum. In essence, the company agrees to issue $750 million in aggregate principal amount of 2.90% notes due 2032. The company intends to use the net proceeds from the offering to finance and/or refinance projects that meet certain criteria outlined in its Sustainable Financing Framework. This comes after ADM adopted the Framework in February 2022, and eligible projects will include green projects related to sustainable aquaculture and renewable energy among others.
On February 8, 2022, the company also released its alternative protein outlook for 2022. The outlook provides a deeper dive into one of the seven top consumer trends identified by the company for 2022. Based on the company’s findings, it reveals what is next for protein alternatives, which is expected to climb to a staggering $125 billion by 2030. This would include next-generation plant-based, whole-muscle solutions. With all that in mind, is ADM stock a top wheat stock to consider buying right now?
Source: TD Ameritrade TOS
[Read More] Stock Market Today: Dow Jones, S&P 500 Falters As Russia-Ukraine War Drags On; BBBY Stock Soars As Ryan Cohen Takes Stake
Bunge Ltd.
Another name to consider in the space now would be Bunge. While not a direct producer of wheat, the company works very closely with farmers to process grains into consumer products. Through its massive agribusiness and food portfolio, Bunge is among the leading names globally in oilseed and specialty plant-based oils and fats. For a sense of scale, the company operates via a network of approximately 300 facilities spanning over 40 countries worldwide. With Bunge’s prominent role in the broader food processing industry, investors could be considering BG stock now.
If anything, Bunge is not sitting idly by as well. To begin with, the company declared a quarterly cash dividend of $0.525 per share just two weeks back. This follows its latest financial update last month. In which, Bunge posted a solid 17.1% jump in adjusted quarterly profit, beating Wall Street’s estimates. According to the company, its current momentum is thanks to strong demand for processed meal and oil across consumer markets.
Not to mention, Bunge is also now working with oil giant Chevron (NYSE: XOM) via a joint venture (JV). Through this JV the duo are looking to create renewable feedstocks via Bunge’s experience with oilseed processing and farmer network. When you pair this with Chevron’s expertise in fuels manufacturing, we could be looking at a powerful duo here. With Bunge seemingly kicking into high gear across the board, would BG stock be a buy-in your books?
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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The company cites strong execution across its 2021 grain belt harvest alongside growth in newer clean energy markets for the solid quarter. 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. In detail, a combination of sanctions on Russia and a naval blockade of Ukrainian ports would be the cause for all this.
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Source: TD Ameritrade TOS [Read More] Top Stock Market News For Today March 7, 2022 Archer-Daniels-Midland Company Archer-Daniels-Midland (ADM) is a multinational food processing and commodities trading corporation. In detail, a combination of sanctions on Russia and a naval blockade of Ukrainian ports would be the cause for all this. As such, agriculture-focused companies like The Andersons (NASDAQ: ANDE) and John Deere (NYSE: DE) could be worth noting.
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Source: TD Ameritrade TOS [Read More] Top Stock Market News For Today March 7, 2022 Archer-Daniels-Midland Company Archer-Daniels-Midland (ADM) is a multinational food processing and commodities trading corporation. In detail, a combination of sanctions on Russia and a naval blockade of Ukrainian ports would be the cause for all this. As such, agriculture-focused companies like The Andersons (NASDAQ: ANDE) and John Deere (NYSE: DE) could be worth noting.
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After considering the current market volatility, could wheat stocks be top picks now? In detail, a combination of sanctions on Russia and a naval blockade of Ukrainian ports would be the cause for all this. As such, agriculture-focused companies like The Andersons (NASDAQ: ANDE) and John Deere (NYSE: DE) could be worth noting.
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721261.0
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2022-03-04 00:00:00 UTC
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The Zacks Analyst Blog Highlights Oracle, Morgan Stanley, Deere, Micron Technology and Tyson Foods
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-oracle-morgan-stanley-deere-micron-technology-and-tyson
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For Immediate Release
Chicago, IL – March 4, 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: Oracle Corp. ORCL, Morgan Stanley MS, Deere & Co. DE, Micron Technology, Inc. MU and Tyson Foods, Inc. TSN.
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Oracle, Morgan Stanley and Deere
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Oracle Corp., Morgan Stanley and Deere & Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Oracle shares have gained +19.3% over the past year against the Zacks Computer - Software industry's gain of +22.1%. The Zacks analyst believes that Oracle's performance is benefiting from the ongoing momentum across its cloud business, driven by the strong uptake of Oracle Cloud Infrastructure services and Autonomous Database offerings. Healthy adoption of cloud-based applications, comprising NetSuite Enterprise Resource Planning (ERP), Fusion ERP and Fusion Human Capital Management (HCM), bodes well.
Solid demand for the Oracle Dedicated Region Cloud@Customer is anticipated to drive the top line. Partnerships with Accenture and Microsoft is helping Oracle win new clientele. The company's share buybacks and dividend policy are noteworthy. However, higher spending on product enhancements, especially toward the cloud platform, amid increasing competition in the cloud domain is likely to limit margin expansion.
(You can read the full research report on Oracle here >>>)
Shares of Morgan Stanley have outperformed the Zacks Financial - Investment Bank industry over the past year (+9.0% vs. +1.5%). The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters. The company has been continuously making efforts to focus less on the capital markets-driven revenue sources.
The Zacks analyst believes that the acquisitions of Eaton Vance and E*Trade Financial are a step in this direction. Increased focus on corporate lending will keep supporting financials in the quarters ahead. However, elevated expenses due to investments in franchise will likely hurt profits.
Relatively lower interest rates and uncertainty about the performance of the capital markets make us apprehensive. Yet, the company's robust capital deployment activities reflect a solid liquidity position, through which it will enhance shareholder value.
(You can read the full research report on Morgan Stanley here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+11.3% vs. +6.9%). The Zacks analyst believes that ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. The company is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies.
Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth in the long haul. However, higher material and labor costs will likely dent the company's results.
(You can read the full research report on Deere here >>>)
Other noteworthy reports we are featuring today include Micron Technology, Inc. and Tyson Foods, Inc.
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 +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Morgan Stanley (MS): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Oracle Corporation (ORCL): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): 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: Oracle Corp. ORCL, Morgan Stanley MS, Deere & Co. DE, Micron Technology, Inc. MU and Tyson Foods, Inc. TSN. (You can read the full research report on Morgan Stanley here >>>) Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+11.3% vs. +6.9%). Here are highlights from Thursday’s Analyst Blog: Top Analyst Reports for Oracle, Morgan Stanley and Deere The Zacks Research Daily presents the best research output of our analyst team.
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Stocks recently featured in the blog include: Oracle Corp. ORCL, Morgan Stanley MS, Deere & Co. DE, Micron Technology, Inc. MU and Tyson Foods, Inc. TSN. (You can read the full research report on Deere here >>>) Other noteworthy reports we are featuring today include Micron Technology, Inc. and Tyson Foods, Inc. 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. Here are highlights from Thursday’s Analyst Blog: Top Analyst Reports for Oracle, Morgan Stanley and Deere The Zacks Research Daily presents the best research output of our analyst team.
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Here are highlights from Thursday’s Analyst Blog: Top Analyst Reports for Oracle, Morgan Stanley and Deere The Zacks Research Daily presents the best research output of our analyst team. (You can read the full research report on Deere here >>>) Other noteworthy reports we are featuring today include Micron Technology, Inc. and Tyson Foods, Inc. 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. Stocks recently featured in the blog include: Oracle Corp. ORCL, Morgan Stanley MS, Deere & Co. DE, Micron Technology, Inc. MU and Tyson Foods, Inc. TSN.
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Stocks recently featured in the blog include: Oracle Corp. ORCL, Morgan Stanley MS, Deere & Co. DE, Micron Technology, Inc. MU and Tyson Foods, Inc. TSN. Here are highlights from Thursday’s Analyst Blog: Top Analyst Reports for Oracle, Morgan Stanley and Deere The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Oracle Corp., Morgan Stanley and Deere & Co.
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2022-03-03 00:00:00 UTC
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Notable Thursday Option Activity: DE, ADBE, PANW
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 10,434 contracts have traded so far, representing approximately 1.0 million underlying shares. That amounts to about 45.6% of DE's average daily trading volume over the past month of 2.3 million shares. Especially high volume was seen for the $430 strike call option expiring April 14, 2022, with 370 contracts trading so far today, representing approximately 37,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange:
Adobe Inc (Symbol: ADBE) saw options trading volume of 16,880 contracts, representing approximately 1.7 million underlying shares or approximately 45.4% of ADBE's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $460 strike put option expiring July 15, 2022, with 1,091 contracts trading so far today, representing approximately 109,100 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $460 strike highlighted in orange:
And Palo Alto Networks, Inc (Symbol: PANW) saw options trading volume of 8,919 contracts, representing approximately 891,900 underlying shares or approximately 45.2% of PANW's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $555 strike put option expiring March 04, 2022, with 799 contracts trading so far today, representing approximately 79,900 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $555 strike highlighted in orange:
For the various different available expirations for DE options, ADBE options, or PANW options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $430 strike call option expiring April 14, 2022, with 370 contracts trading so far today, representing approximately 37,000 underlying shares of DE. Especially high volume was seen for the $460 strike put option expiring July 15, 2022, with 1,091 contracts trading so far today, representing approximately 109,100 underlying shares of ADBE. Particularly high volume was seen for the $555 strike put option expiring March 04, 2022, with 799 contracts trading so far today, representing approximately 79,900 underlying shares of PANW.
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Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange: Adobe Inc (Symbol: ADBE) saw options trading volume of 16,880 contracts, representing approximately 1.7 million underlying shares or approximately 45.4% of ADBE's average daily trading volume over the past month, of 3.7 million shares. Below is a chart showing ADBE's trailing twelve month trading history, with the $460 strike highlighted in orange: And Palo Alto Networks, Inc (Symbol: PANW) saw options trading volume of 8,919 contracts, representing approximately 891,900 underlying shares or approximately 45.2% of PANW's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing PANW's trailing twelve month trading history, with the $555 strike highlighted in orange: For the various different available expirations for DE options, ADBE options, or PANW options, visit StockOptionsChannel.com.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 10,434 contracts have traded so far, representing approximately 1.0 million underlying shares. Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange: Adobe Inc (Symbol: ADBE) saw options trading volume of 16,880 contracts, representing approximately 1.7 million underlying shares or approximately 45.4% of ADBE's average daily trading volume over the past month, of 3.7 million shares. Below is a chart showing ADBE's trailing twelve month trading history, with the $460 strike highlighted in orange: And Palo Alto Networks, Inc (Symbol: PANW) saw options trading volume of 8,919 contracts, representing approximately 891,900 underlying shares or approximately 45.2% of PANW's average daily trading volume over the past month, of 2.0 million shares.
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Especially high volume was seen for the $430 strike call option expiring April 14, 2022, with 370 contracts trading so far today, representing approximately 37,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $430 strike highlighted in orange: Adobe Inc (Symbol: ADBE) saw options trading volume of 16,880 contracts, representing approximately 1.7 million underlying shares or approximately 45.4% of ADBE's average daily trading volume over the past month, of 3.7 million shares. Below is a chart showing ADBE's trailing twelve month trading history, with the $460 strike highlighted in orange: And Palo Alto Networks, Inc (Symbol: PANW) saw options trading volume of 8,919 contracts, representing approximately 891,900 underlying shares or approximately 45.2% of PANW's average daily trading volume over the past month, of 2.0 million shares.
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721263.0
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2022-03-03 00:00:00 UTC
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7 Agriculture Stocks As Geopolitics Put Focus on Food Supplies
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Agriculture stocks have been in the limelight in recent months. Due to supply chain problems, increasing energy costs, and rising global demand, food prices continue to soar. Moreover, economists suggest that food prices will remain elevated throughout 2022, further fueling inflation. In January, food inflation in the U.S. hit 6.7%, the highest number we have seen since February 1990.
The United States Department of Agriculture’s (USDA) latest farm income report estimates net farm income increased by $23.9 billion in 2021, a 25% year-over-year (YOY) increase. Put another way, tightening global supplies and strong demand from China and Europe has resulted in rising commodity prices. This increase has, in turn, benefited the agriculture sector, driving up revenues.
As a result, agriculture stocks with price-setting power are ideally positioned for a bull market this year. They will benefit from the ongoing inflationary pressures while passing on costs to customers. The ongoing war in Ukraine will also put focus on food supplies worldwide.
For instance, the iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) just today, March 3, hit an all-time high of $44.12, up 12% over the past year. The fund is currently trading near its peak value. And Ukraine and Russia export a combined 29% of the world’s wheat.
7 Top Growth Stocks to Carry You Through 2022
With that said, here are seven agriculture stocks that could generate lucrative returns in 2022.
Andersons (NASDAQ:ANDE)
AppHarvest (NYSE:APPH)
Deere (NYSE:DE)
Mosaic (NYSE:MOS)
Nutrien (NYSE:NTR)
Scotts Miracle-Gro (NYSE:SMG)
Tyson Foods (NYSE:TSN)
Agriculture Stocks: Andersons (ANDE)
Source: Lost Shoe Studios / Shutterstock.com
52-week range: $25.07 – $48.38
Dividend Yield: 1.50%
Maumee, Ohio-based Andersons is an agribusiness conglomerate providing vital goods and services for the agriculture industry. The company produces and distributes grain, ethanol, plant nutrients, and rail cars.
Andersons announced fourth quarter 2021 results on Feb. 15. Revenue increased 51% YOY to $3.78 billion. Adjusted net income came in at $39.2 million, or $1.14 per diluted share, up from $18.5 million in the prior-year quarter. Cash and equivalents ended the period at $216.4 million.
The company is ideally positioned in the agricultural supply chain to benefit from rising food prices. Management predicts solid margins from its nutrient segment, resulting from limited supply and well-positioned inventory through the spring season. Andersons is also making headway in renewable diesel, benefiting from higher energy demand and a return to environmentally friendly ethanol.
ANDE stock hit a multi-year high of $48.38 today, March 3. It currently hovers at its peak value, up 72% over the past year. Shares are trading at 17 times forward earnings and 0.13 times trailing sales. The 12-month median price forecast for Andersons stands at $46.50.
AppHarvest (APPH)
Source: Silga Bauge-Robezniece / Shutterstock.com
52-week range: $2.62 – $29.17
Morehead, Kentucky-based AppHarvest is an agriculture company that develops and deploys indoor farms. The group aims to transform itself into a “farming as a service” business model.
AppHarvest shared Q4 2021 results on Feb. 24. Revenue came in at $3.1 million. Net loss widened to $88.4 million, or 88 cents loss per diluted share, up from $9.3 million in the prior-year quarter. Cash and equivalents ended the period at $151 million.
In 2021, AppHarvest acquired Root AI, a robotics company licensing its technology to other farmers. Yet, management doesn’t expect its robotics business to generate any revenue this year. As a result, AppHarvest needed a massive $60 million goodwill charge to write down this investment.
7 Metals Stocks to Buy to Mine Profits in 2022
APPH stock is priced at $3.82, down 88% over the past 12 months. The 12-month median price forecast for Appharvest stands at $6.
Agriculture Stocks: Deere (DE)
Source: Jim Lambert / Shutterstock.com
52-week range: $320.50 – $400.34
Dividend Yield: 1.12%
Moline, Illinois-based Deere is a leading global producer of agricultural equipment. Deere employs artificial intelligence (AI) and computer vision applications to boost yields and reduce costs. The final aim is to enhance sustainability in agriculture.
Deere delivered first quarter 2022 metrics on Feb. 18. Revenue saw an increase of 5% YOY to $9.6 billion. However, the company suffered from high input costs due to rising inflation and supply chain issues. As a result, net income fell by 26% YOY to $903 million, or $2.92 per diluted share.
Roughly 71% of Q1 revenue came from agriculture. In January, Deere revealed that its new autonomous 8R tractor was ready for large-scale production. Analysts expect autonomous driving to improve free cash flow and profitability in 2023.
In 2017, Deere acquired the Wirtgen Group, a leading global supplier of road construction equipment. This $5.2 billion acquisition will enable the company to capitalize on increased infrastructure spending in 2022.
DE stock trades at $347, almost flat over the past 12 months. Shares are trading at 15.4 times forward earnings and 2.5 times trailing sales. The 12-month median price forecast for Deere stock is at $425.
Mosaic (MOS)
Source: T. Schneider / Shutterstock.com
52-week range: $28.05 – $57.27
Dividend Yield: 0.84%
Our next stock is the Tampa, Florida-based Mosaic. The company is the world’s largest combined producer of potash and phosphates, which are critical fertilizer ingredients.
Mosaic announced Q4 2021 numbers on Feb. 22. Sales increased 56% YOY to $3.8 billion. However, net earnings declined to $665 million, or $1.76 per diluted share, down from $828 million, or $2.17 per diluted share, a year ago.
Due to inflationary pressures and rising prices, the Q4 sales volume of phosphate and potash declined 22% YOY. Yet, the company expects growing demand for fertilizers in 2022.
In addition, management indicated that it already has 85% of Q1 sales committed due to its ability to raise inventories 58% YOY. The Esterhazy K3 potash mine will begin production by Q2 2022, adding 5 million metric tons of potash production through 2022.
7 Butchered Tech Stocks With Plenty of Hope Left
MOS stock is around $55, up 79% over the past 12 months. It’s up 42% YTD. Shares have a cheap valuation at five times forward earnings and 1.6 times trailing sales. The 12-month median price forecast for Mosaic is at $50.
Agriculture Stocks: Nutrien (NTR)
Source: Pavel Kapysh/ShutterStock.com
52-week range: $52.28 – $90.48
Dividend Yield: 2.29%
Canada-based Nutrien is the largest potash producer and the third-largest nitrogen producer globally. Such production levels makes it the world’s largest fertilizer supplier by capacity.
Nutrien released Q4 2021 financials on Feb. 16. Revenue increased 79% YOY to $7.3 billion. Net earnings skyrocketed to $1.2 billion, or $2.11 per diluted share, up from $316 million, or 55 cents per diluted share, a year ago. Free cash flow during the quarter stood at $1.6 billion.
The company is benefiting from rising prices in crop nutrients. It has four million tons of available potash capacity on top of its current 14 million tons annual capacity. Management announced on Feb. 1 that the company has the potential to increase potash output by 29%.
NTR stock hit an all-time high of $90.48 today, March 3. It currently hovers at its peak value, up 60% over the past year. Shares are trading at 7.3 times forward earnings and 1.67 times trailing sales. The 12-month median price forecast for Nutrien stands at $90.
Scotts Miracle-Gro (SMG)
Source: Casimiro PT / Shutterstock.com
52-week range: $126.57 – $254.34
Dividend Yield: 1.93%
Marysville, Ohio-based Scotts Miracle-Gro is the largest manufacturer of gardening and lawn care products stateside. In addition, Hawthorne Gardening is its wholly-owned subsidiary offering cannabis-growing equipment.
Scotts put out Q1 FY22 results on Feb. 1. Revenue fell 24% YOY to $566 million. As a result, the non-generally accepted accounting principles (GAAP) loss came in at $48.6 million, or 88 cents per share. In comparison, the company had reported an adjusted net income of $22.2 million, or 39 cents per share, in the prior-year quarter.
SMG is a profitable company with margins above 21%. However, the overproduction of pot in the cannabis industry has led to a decline in sales of hydroponic products. As a result, Hawthorne’s Q1 sales declined 38% YOY to $190.6 million. CEO Jim Hagedorn remarked that the company is considering a spinoff while maintaining a minority position in Hawthorne.
7 Best Stocks to Buy for a Recession
SMG stock trades around $140 territory, down 34% over the past 12 months. Shares have a competitive valuation at 16.5 times forward earnings and 1.64 times trailing sales. The 12-month median price forecast for Scotts Miracle-Gro is at $185.
Agriculture Stocks: Tyson Foods (TSN)
Source: Daniel J. Macy / Shutterstock.com
52-week range: $69.77 – $100.72
Dividend Yield: 1.94%
Our last stock for today is Springdale, Arizona-based Tyson Foods, which is the largest producer of processed chicken and beef in the U.S. It is also well-known for its processed pork and protein-based products.
Tyson Foods released Q1 2022 metrics on Feb. 7. Sales increased 24% YOY to $12.9 billion. Net income grew 140% YOY to $1.12 billion, or $3.07 per share, up from $467 million in the prior-year quarter. Cash and equivalents ended the period at $2.96 billion.
Supply chain issues and a tight labor market have led to higher animal feed prices, shipping costs, and wages. Tyson said it will pass on increased costs to customers, which will offset higher feed prices.
InvestorPlace readers might already know that average prices for Tyson’s meat products have soared by double digits. Meanwhile management anticipates generating $51 billion in sales in 2022, representing roughly an 8% YOY growth.
TSN stock is priced at $95, up almost 38% over the past year. Shares are trading at 11.5 times forward earnings and 0.7 times trailing sales. The 12-month median price forecast for Tyson Foods stands at $100.
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 Agriculture Stocks As Geopolitics Put Focus on Food Supplies appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Due to supply chain problems, increasing energy costs, and rising global demand, food prices continue to soar. Andersons is also making headway in renewable diesel, benefiting from higher energy demand and a return to environmentally friendly ethanol. The United States Department of Agriculture’s (USDA) latest farm income report estimates net farm income increased by $23.9 billion in 2021, a 25% year-over-year (YOY) increase.
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Andersons (NASDAQ:ANDE) AppHarvest (NYSE:APPH) Deere (NYSE:DE) Mosaic (NYSE:MOS) Nutrien (NYSE:NTR) Scotts Miracle-Gro (NYSE:SMG) Tyson Foods (NYSE:TSN) Agriculture Stocks: Andersons (ANDE) Source: Lost Shoe Studios / Shutterstock.com 52-week range: $25.07 – $48.38 Dividend Yield: 1.50% Maumee, Ohio-based Andersons is an agribusiness conglomerate providing vital goods and services for the agriculture industry. Agriculture Stocks: Deere (DE) Source: Jim Lambert / Shutterstock.com 52-week range: $320.50 – $400.34 Dividend Yield: 1.12% Moline, Illinois-based Deere is a leading global producer of agricultural equipment. Agriculture Stocks: Nutrien (NTR) Source: Pavel Kapysh/ShutterStock.com 52-week range: $52.28 – $90.48 Dividend Yield: 2.29% Canada-based Nutrien is the largest potash producer and the third-largest nitrogen producer globally.
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Andersons (NASDAQ:ANDE) AppHarvest (NYSE:APPH) Deere (NYSE:DE) Mosaic (NYSE:MOS) Nutrien (NYSE:NTR) Scotts Miracle-Gro (NYSE:SMG) Tyson Foods (NYSE:TSN) Agriculture Stocks: Andersons (ANDE) Source: Lost Shoe Studios / Shutterstock.com 52-week range: $25.07 – $48.38 Dividend Yield: 1.50% Maumee, Ohio-based Andersons is an agribusiness conglomerate providing vital goods and services for the agriculture industry. Agriculture Stocks: Deere (DE) Source: Jim Lambert / Shutterstock.com 52-week range: $320.50 – $400.34 Dividend Yield: 1.12% Moline, Illinois-based Deere is a leading global producer of agricultural equipment. Agriculture Stocks: Tyson Foods (TSN) Source: Daniel J. Macy / Shutterstock.com 52-week range: $69.77 – $100.72 Dividend Yield: 1.94% Our last stock for today is Springdale, Arizona-based Tyson Foods, which is the largest producer of processed chicken and beef in the U.S.
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The 12-month median price forecast for Deere stock is at $425. As a result, Hawthorne’s Q1 sales declined 38% YOY to $190.6 million. Agriculture Stocks: Tyson Foods (TSN) Source: Daniel J. Macy / Shutterstock.com 52-week range: $69.77 – $100.72 Dividend Yield: 1.94% Our last stock for today is Springdale, Arizona-based Tyson Foods, which is the largest producer of processed chicken and beef in the U.S.
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2022-03-03 00:00:00 UTC
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Is Crown Holdings (CCK) Stock Outpacing Its Industrial Products Peers This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crown Holdings (CCK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Crown Holdings is one of 224 companies in the Industrial Products group. The Industrial Products group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CCK's full-year earnings has moved 4.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CCK has returned 10.4% so far this year. At the same time, Industrial Products stocks have lost an average of 9.1%. This shows that Crown Holdings is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Deere (DE). The stock is up 9.7% year-to-date.
The consensus estimate for Deere's current year EPS has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Crown Holdings belongs to the Containers - Metal and Glass industry, a group that includes 3 individual companies and currently sits at #23 in the Zacks Industry Rank. On average, this group has lost an average of 2.6% so far this year, meaning that CCK is performing better in terms of year-to-date returns.
In contrast, Deere falls under the Manufacturing - Farm Equipment industry. Currently, this industry has 7 stocks and is ranked #103. Since the beginning of the year, the industry has moved +9.2%.
Crown Holdings and Deere could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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 +25.4% 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
Crown Holdings, Inc. (CCK): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Sector Rank considers 16 different sector groups. One other Industrial Products stock that has outperformed the sector so far this year is Deere (DE). The consensus estimate for Deere's current year EPS has increased 1.8% over the past three months.
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Deere & Company (DE): Free Stock Analysis Report The Zacks Sector Rank considers 16 different sector groups. One other Industrial Products stock that has outperformed the sector so far this year is Deere (DE).
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To break things down more, Crown Holdings belongs to the Containers - Metal and Glass industry, a group that includes 3 individual companies and currently sits at #23 in the Zacks Industry Rank. Crown Holdings and Deere could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks. The Zacks Sector Rank considers 16 different sector groups.
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One other Industrial Products stock that has outperformed the sector so far this year is Deere (DE). The Zacks Sector Rank considers 16 different sector groups. The consensus estimate for Deere's current year EPS has increased 1.8% over the past three months.
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2022-03-03 00:00:00 UTC
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Why This 1 Industrial Products Stock Could Be a Great Addition to Your Portfolio
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
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.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze 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 is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
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 82nd-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.
On July 25, 2017, DE was added to the Focus List at $126.55 per share. Shares have increased 197.1% to $375.98 since then, and the company is a #2 (Buy) on the Zacks Rank.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.49 to $22.67. DE boasts an average earnings surprise of 20.6%.
Earnings for DE are forecasted to see growth of 19.4% for the current fiscal year as well.
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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 +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List.
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Deere & Company (DE): Free Stock Analysis Report All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List.
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All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. 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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All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. 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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d41fd151-f36a-4d41-bc14-895693a77cc9
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721266.0
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2022-03-03 00:00:00 UTC
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The Zacks Analyst Blog Highlights Deere, Nordson, Dover, W.W Grainger and IDEX
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-deere-nordson-dover-w.w-grainger-and-idex
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nan
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For Immediate Release
Chicago, IL – March 3, 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: Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX.
Here are highlights from Wednesday’s Analyst Blog:
U.S. Manufacturing Thriving on Strong Demand: 5 Picks
U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations. After a minor setback in January due to the spread of the Omicron variant of coronavirus, U.S. manufacturing activities regained momentum in February. Two recently released data have revealed this fact.
At this stage, it will be prudent to invest in manufacturing stocks with a favorable Zacks Rank. Five of them are Deere & Co., Nordson Corp., Dover Corp., W.W. Grainger Inc. and IDEX Corp.
U.S. Manufacturing on Solid Footing
On Mar 1, the Institute of Supply Management (ISM) reported that its manufacturing index for February rose to 58.6% from 57.7% in January. The consensus estimate was 57.7%. This was the 21st consecutive month of growth for the U.S. manufacturing industry. Notably, any reading above 50% indicates expansion in manufacturing activities.
Demand for U.S. manufacturing remained strong as the new orders index increased 3.8% and new export orders rose 3.4% to 57.1%. Moreover, the backlog of orders index increased to the historically high levels of 65%.
Consumption of U.S. manufacturing products stayed solid as the production index registered a gain of 0.7% to 58.5% and the employment index rose 1.6% to 52.9%. The employment index expanded for the sixth straight month.
On the other hand, the supplier deliveries index increased 1.5% to 66.1% due to prolonged supply-chain disruptions. Despite this, the price index ( price paid by manufacturers to input suppliers) fell 0.5% to 75.6%.
Moreover, the IHS Markit has reported that the U.S. Manufacturing Purchasing Managers' Index (PMI) rebounded to 57.3% in February from 55.5% in January. Selling prices climbed at the sharpest rate since November 2021. Expectations for output for the coming year were the strongest since November 2020.
U.S. manufacturers across sizes are expanding their scale of operations and hiring more despite soaring wages and salaries to cater to robust demand. The sky-high savings are allowing U.S. citizens to indulge in their demands that were pent up during lockdowns and in turn compelling manufacturers to expand their scale of operations. Notably, manufacturing activities accounts for nearly 12% of the U.S. GDP.
Our Top Picks
We have narrowed our search to five manufacturing stocks with strong growth potential for 2022 that have witnessed robust earnings estimate revisions within the last 30 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on new products equipped with the latest technology and features to make farming automated and expand in precision agriculture should drive growth in the long haul.
The ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand on the need to upgrade old equipment should support Deere's revenues.
Deere has an expected earnings growth rate of 19.4% for the current year (ending October 2022). The Zacks Consensus Estimate for DE's current-year earnings improved 0.7% over the last 30 days.
Nordson is set to benefit from strengthening businesses in end markets, the implementation of the NBS Next growth framework, acquisitions and the policy of rewarding shareholders handsomely. For fiscal 2022, NDSN anticipates revenues to grow 6-10% year over year to $2,504-$2,598 million. Anticipated adjusted earnings of $8.36-$9.13 per share suggest an 8-18% increase.
Nordson has an expected earnings growth rate of 16.5% for the current year (ending October 2022). The Zacks Consensus Estimate for current-year earnings improved 0.8% over the last 7 days.
Dover is poised to benefit from strong end-market demand, bookings rates and robust backlog in the current year. Strong growth in pumps and process solutions, fueling solutions, food retail, and marking & coding and automotive aftermarket businesses is aiding DOV. Its cost-reduction initiatives, acquisitions, e-commerce, new product development and inorganic investment in core business platforms should also drive growth.
Dover's earnings estimates for the current year have undergone upward revisions lately. It expects to deliver margin expansion and earnings per share growth in 2022 on productivity and cost initiatives. DOV anticipates adjusted earnings per share between $8.45 and $8.65 for 2022.
Dover has an expected earnings growth rate of 12.7% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.8% over the last 30 days.
W.W. Grainger expects 2022 earnings per share between $23.50 and $25.50, indicating year-over-year growth of 18.5% to 28.5%. Total daily sales growth of GWW is expected between 7.5% and 10.5%, backed by the ongoing momentum in the High Touch Solutions and the Endless Assortment segments.
W.W. Grainger will continue to gain from efforts to strengthen customer relationships in the United States. GWW is outpacing the U.S. maintenance, repair and operating market aided by growth initiatives. W.W. Grainger is witnessing strong growth in non-pandemic product volume.
GWW has an expected earnings growth rate of 24% for the current year. The Zacks Consensus Estimate for current-year earnings improved 4.4% over the last 30 days.
IDEX is poised to gain from a diversified business structure, solid product portfolio, strengthening end markets and buyouts in the quarters ahead. IEX's pending acquisition of Nexsight and its businesses will likely be complete in first-quarter 2022.
IDEX serves customers in various markets, including life science, fire and rescue, water & wastewater, chemical, agricultural, food, general industrial, and energy industries. As a result, gains in one or more markets will help in offsetting the weakness in the other markets.
IDEX has an expected earnings growth rate of 17.3% for the current year. The Zacks Consensus Estimate for current-year earnings improved 4.1% over the last 30 days.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the "Internet of Money" and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we're still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks' has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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 +25.4% 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
Dover Corporation (DOV): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
IDEX Corporation (IEX): 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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Stocks recently featured in the blog include: Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX. Nordson is set to benefit from strengthening businesses in end markets, the implementation of the NBS Next growth framework, acquisitions and the policy of rewarding shareholders handsomely. Here are highlights from Wednesday’s Analyst Blog: U.S. Manufacturing Thriving on Strong Demand: 5 Picks U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations.
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Stocks recently featured in the blog include: Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX. Here are highlights from Wednesday’s Analyst Blog: U.S. Manufacturing Thriving on Strong Demand: 5 Picks U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations. At this stage, it will be prudent to invest in manufacturing stocks with a favorable Zacks Rank.
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Five of them are Deere & Co., Nordson Corp., Dover Corp., W.W. Grainger Inc. and IDEX Corp. U.S. Manufacturing on Solid Footing On Mar 1, the Institute of Supply Management (ISM) reported that its manufacturing index for February rose to 58.6% from 57.7% in January. Stocks recently featured in the blog include: Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX. Here are highlights from Wednesday’s Analyst Blog: U.S. Manufacturing Thriving on Strong Demand: 5 Picks U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations.
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Stocks recently featured in the blog include: Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX. Here are highlights from Wednesday’s Analyst Blog: U.S. Manufacturing Thriving on Strong Demand: 5 Picks U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations. At this stage, it will be prudent to invest in manufacturing stocks with a favorable Zacks Rank.
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30a3c14c-5645-4810-ac79-49b362ed0fff
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721267.0
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2022-03-02 00:00:00 UTC
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U.S. Manufacturing Thriving on Strong Demand: 5 Picks
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DE
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https://www.nasdaq.com/articles/u.s.-manufacturing-thriving-on-strong-demand%3A-5-picks
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nan
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nan
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U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations. After a minor setback in January due to the spread of the Omicron variant of coronavirus, U.S. manufacturing activities regained momentum in February. Two recently released data have revealed this fact.
At this stage, it will be prudent to invest in manufacturing stocks with a favorable Zacks Rank. Five of them are Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX.
U.S. Manufacturing on Solid Footing
On Mar 1, the Institute of Supply Management (ISM) reported that its manufacturing index for February rose to 58.6% from 57.7% in January. The consensus estimate was 57.7%. This was the 21st consecutive month of growth for the U.S. manufacturing industry. Notably, any reading above 50% indicates expansion in manufacturing activities.
Demand for U.S. manufacturing remained strong as the new orders index increased 3.8% and new export orders rose 3.4% to 57.1%. Moreover, the backlog of orders index increased to the historically high levels of 65%.
Consumption of U.S. manufacturing products stayed solid as the production index registered a gain of 0.7% to 58.5% and the employment index rose 1.6% to 52.9%. The employment index expanded for the sixth straight month.
On the other hand, the supplier deliveries index increased 1.5% to 66.1% due to prolonged supply-chain disruptions. Despite this, the price index ( price paid by manufacturers to input suppliers) fell 0.5% to 75.6%.
Moreover, the IHS Markit has reported that the U.S. Manufacturing Purchasing Managers’ Index (PMI) rebounded to 57.3% in February from 55.5% in January. Selling prices climbed at the sharpest rate since November 2021. Expectations for output for the coming year were the strongest since November 2020.
U.S. manufacturers across sizes are expanding their scale of operations and hiring more despite soaring wages and salaries to cater to robust demand. The sky-high savings are allowing U.S. citizens to indulge in their demands that were pent up during lockdowns and in turn compelling manufacturers to expand their scale of operations. Notably, manufacturing activities accounts for nearly 12% of the U.S. GDP.
Our Top Picks
We have narrowed our search to five manufacturing stocks with strong growth potential for 2022 that have witnessed robust earnings estimate revisions within the last 30 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on new products equipped with the latest technology and features to make farming automated and expand in precision agriculture should drive growth in the long haul.
The ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand on the need to upgrade old equipment should support Deere's revenues.
Deere has an expected earnings growth rate of 19.4% for the current year (ending October 2022). The Zacks Consensus Estimate for DE’s current-year earnings improved 0.7% over the last 30 days.
Nordson is set to benefit from strengthening businesses in end markets, the implementation of the NBS Next growth framework, acquisitions and the policy of rewarding shareholders handsomely. For fiscal 2022, NDSN anticipates revenues to grow 6-10% year over year to $2,504-$2,598 million. Anticipated adjusted earnings of $8.36-$9.13 per share suggest an 8-18% increase.
Nordson has an expected earnings growth rate of 16.5% for the current year (ending October 2022). The Zacks Consensus Estimate for current-year earnings improved 0.8% over the last 7 days.
Dover is poised to benefit from strong end-market demand, bookings rates and robust backlog in the current year. Strong growth in pumps and process solutions, fueling solutions, food retail, and marking & coding and automotive aftermarket businesses is aiding DOV. Its cost-reduction initiatives, acquisitions, e-commerce, new product development and inorganic investment in core business platforms should also drive growth.
Dover’s earnings estimates for the current year have undergone upward revisions lately. It expects to deliver margin expansion and earnings per share growth in 2022 on productivity and cost initiatives. DOV anticipates adjusted earnings per share between $8.45 and $8.65 for 2022.
Dover has an expected earnings growth rate of 12.7% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.8% over the last 30 days.
W.W. Grainger expects 2022 earnings per share between $23.50 and $25.50, indicating year-over-year growth of 18.5% to 28.5%. Total daily sales growth of GWW is expected between 7.5% and 10.5%, backed by the ongoing momentum in the High Touch Solutions and the Endless Assortment segments.
W.W. Grainger will continue to gain from efforts to strengthen customer relationships in the United States. GWW is outpacing the U.S. maintenance, repair and operating market aided by growth initiatives. W.W. Grainger is witnessing strong growth in non-pandemic product volume.
GWW has an expected earnings growth rate of 24% for the current year. The Zacks Consensus Estimate for current-year earnings improved 4.4% over the last 30 days.
IDEX is poised to gain from a diversified business structure, solid product portfolio, strengthening end markets and buyouts in the quarters ahead. IEX’s pending acquisition of Nexsight and its businesses will likely be complete in first-quarter 2022.
IDEX serves customers in various markets, including life science, fire and rescue, water & wastewater, chemical, agricultural, food, general industrial, and energy industries. As a result, gains in one or more markets will help in offsetting the weakness in the other markets.
IDEX has an expected earnings growth rate of 17.3% for the current year. The Zacks Consensus Estimate for current-year earnings improved 4.1% over the last 30 days.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks 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
Dover Corporation (DOV): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
IDEX Corporation (IEX): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nordson is set to benefit from strengthening businesses in end markets, the implementation of the NBS Next growth framework, acquisitions and the policy of rewarding shareholders handsomely. IDEX is poised to gain from a diversified business structure, solid product portfolio, strengthening end markets and buyouts in the quarters ahead. U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations.
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Five of them are Deere & Co. DE, Nordson Corp. NDSN, Dover Corp. DOV, W.W. Grainger Inc. GWW and IDEX Corp. IEX. Deere & Company (DE): Free Stock Analysis Report U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations.
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Deere has an expected earnings growth rate of 19.4% for the current year (ending October 2022). IDEX has an expected earnings growth rate of 17.3% for the current year. U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations.
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Consumption of U.S. manufacturing products stayed solid as the production index registered a gain of 0.7% to 58.5% and the employment index rose 1.6% to 52.9%. U.S. manufacturing industries remain at the forefront of the economy's revival from the pandemic-led devastations. At this stage, it will be prudent to invest in manufacturing stocks with a favorable Zacks Rank.
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721268.0
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2022-03-01 00:00:00 UTC
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Will Caterpillar Stock Continue To See Lower Levels Or Is A Rise Imminent?
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DE
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https://www.nasdaq.com/articles/will-caterpillar-stock-continue-to-see-lower-levels-or-is-a-rise-imminent
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nan
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nan
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The stock price of Caterpillar (NYSE: CAT) has seen a fall of 13% over the last month, while it is down 10% YTD, owing to a mix of global geo-political factors weighing over the broader markets and the rising costs for the company, given the inflationary headwinds and supply chain constraints.
In our previous update on Caterpillar, we maintained our view that CAT stock is undervalued, and the dip following its Q4 release can be used as a buying opportunity. Since then, CAT stock has declined 9%, implying a further rise in its upside potential. With the worst of the pandemic appearing behind us, the supply-chain constraints are likely to ease going forward, and demand for construction equipment is expected to remain strong in the near term. We estimate Caterpillar’s Valuation to be around $244 per share, reflecting a 30% upside from its current levels of $187. That said, there are near-term headwinds for the broader markets, including the Russia-Ukraine conflict and its impact on the oil market. Any adverse reaction on the broader markets will also impact Caterpillar stock.
But what about the near term? Given that CAT stock has seen a fall of 13% in a month, will it continue its downward trajectory, or is a rise imminent? Going by its historical performance, there is a good chance of a rise in CAT stock over the next month. Of 77 instances in the last ten years that CAT stock saw a twenty-one-day decrease of 13% or more, 60 of them resulted in CAT stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 60 out of 77, or about a 78% chance of a rise in CAT stock over the coming month. See our analysis on Caterpillar Stock Chances of Rise for more details.
While CAT stock may see higher levels over the next month, it is helpful to see how its peers stack up. Check out Caterpillar’s Peers to see how CAT stock compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons.
Calculation of ‘Event Probability‘ and ‘Chance of Rise‘ using last ten years’ data
After moving -3.9% or more over five days, the stock rose on 51% of the occasions in the next five days.
After moving -7.9% or more over ten days, the stock rose in the next ten days on 58% of the occasions
After moving -12.7% or more over a twenty-one-day period, the stock rose on 78% of the occasions in the next twenty-one days.
This pattern suggests a higher chance of a rise in CAT stock over the next five days, ten days, and one month.
Caterpillar (CAT) Stock Return (Recent) Comparison With Peers
Five-Day Return: ASTE highest at 33.0%; DE lowest at -8.8%
Ten-Day Return: ASTE highest at 25.1%; BDX lowest at -11.7%
Twenty-One Days Return: CNHI highest at 29.2%; ACT lowest at -12.7%
may have moved, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you'll be surprised how counter-intuitive the stock valuation is for Pfizer vs Merck. \n\nBased on article theme, variations to \"While may have moved\" can be (a) While may be overvalued (or undervalued) (b) While can move (c) Although may not be attractive (d) While is worth considering"}" data-sheets-userformat="{"2":1049345,"3":{"1":0},"11":4,"12":0,"23":1}" data-sheets-textstyleruns="{"1":0}{"1":210,"2":{"2":{"1":2,"2":1136076},"5":1,"9":1}}{"1":225}{"1":229,"2":{"4":8}}{"1":267,"2":{"4":8,"6":1}}{"1":299,"2":{"4":8}}" data-sheets-hyperlinkruns="{"1":210,"2":"https://dashboards.trefis.com/data/companies/PFE/no-login-required/HMIwIvym/Pfizer-vs-Merck-PFE-stock-s-similar-valuation-vs-MRK-stock-is-counter-intuitive"}{"1":225}">While CAT stock may see higher levels, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for Caterpillar vs. IAA.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Feb 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
CAT Return -7% -10% 102%
S&P 500 Return -3% -8% 96%
Trefis MS Portfolio Return -1% -11% 251%
[1] Month-to-date and year-to-date as of 2/28/2022
[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 stock price of Caterpillar (NYSE: CAT) has seen a fall of 13% over the last month, while it is down 10% YTD, owing to a mix of global geo-political factors weighing over the broader markets and the rising costs for the company, given the inflationary headwinds and supply chain constraints. In our previous update on Caterpillar, we maintained our view that CAT stock is undervalued, and the dip following its Q4 release can be used as a buying opportunity. With the worst of the pandemic appearing behind us, the supply-chain constraints are likely to ease going forward, and demand for construction equipment is expected to remain strong in the near term.
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Caterpillar (CAT) Stock Return (Recent) Comparison With Peers Five-Day Return: ASTE highest at 33.0%; DE lowest at -8.8% Ten-Day Return: ASTE highest at 25.1%; BDX lowest at -11.7% Twenty-One Days Return: CNHI highest at 29.2%; ACT lowest at -12.7% may have moved, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. \n\nBased on article theme, variations to \"While may have moved\" can be (a) While may be overvalued (or undervalued) (b) While can move (c) Although may not be attractive (d) While is worth considering"}" data-sheets-userformat="{"2":1049345,"3":{"1":0},"11":4,"12":0,"23":1}" data-sheets-textstyleruns="{"1":0}{"1":210,"2":{"2":{"1":2,"2":1136076},"5":1,"9":1}}{"1":225}{"1":229,"2":{"4":8}}{"1":267,"2":{"4":8,"6":1}}{"1":299,"2":{"4":8}}" data-sheets-hyperlinkruns="{"1":210,"2":"https://dashboards.trefis.com/data/companies/PFE/no-login-required/HMIwIvym/Pfizer-vs-Merck-PFE-stock-s-similar-valuation-vs-MRK-stock-is-counter-intuitive"}{"1":225}">While CAT stock may see higher levels, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. The stock price of Caterpillar (NYSE: CAT) has seen a fall of 13% over the last month, while it is down 10% YTD, owing to a mix of global geo-political factors weighing over the broader markets and the rising costs for the company, given the inflationary headwinds and supply chain constraints.
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Of 77 instances in the last ten years that CAT stock saw a twenty-one-day decrease of 13% or more, 60 of them resulted in CAT stock rising over the subsequent one-month period (twenty-one trading days). Caterpillar (CAT) Stock Return (Recent) Comparison With Peers Five-Day Return: ASTE highest at 33.0%; DE lowest at -8.8% Ten-Day Return: ASTE highest at 25.1%; BDX lowest at -11.7% Twenty-One Days Return: CNHI highest at 29.2%; ACT lowest at -12.7% may have moved, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. The stock price of Caterpillar (NYSE: CAT) has seen a fall of 13% over the last month, while it is down 10% YTD, owing to a mix of global geo-political factors weighing over the broader markets and the rising costs for the company, given the inflationary headwinds and supply chain constraints.
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We estimate Caterpillar’s Valuation to be around $244 per share, reflecting a 30% upside from its current levels of $187. The stock price of Caterpillar (NYSE: CAT) has seen a fall of 13% over the last month, while it is down 10% YTD, owing to a mix of global geo-political factors weighing over the broader markets and the rising costs for the company, given the inflationary headwinds and supply chain constraints. In our previous update on Caterpillar, we maintained our view that CAT stock is undervalued, and the dip following its Q4 release can be used as a buying opportunity.
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2d9f8b47-d89a-4ffd-a9f1-1cada318088f
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721269.0
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2022-03-01 00:00:00 UTC
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Deere (DE) Closes JV Deal With Hitachi, Buys Three Factories
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DE
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https://www.nasdaq.com/articles/deere-de-closes-jv-deal-with-hitachi-buys-three-factories
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nan
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nan
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Deere & Company DE entered into a new license and supply agreement with Hitachi Construction Machinery and ended the Deere-Hitachi joint venture (JV) manufacturing and marketing agreements. This new supply agreement will enable the company to offer a full range of excavators in the Americas. Last August, the company entered into this agreement.
Deere also acquired full ownership of three Deere-Hitachi JV factories, which will continue to manufacture only Deere-branded construction excavators and forestry equipment. These factories will no longer produce Hitachi-branded construction excavators and mining equipment.
Deere remains well poised for growth over the long term, backed by steady investments in new products and geographies. The company will benefit from a concerted focus on launching products with advanced technologies and features, which provides it a competitive edge. These investments will aid its customers to achieve improved profitability, productivity, and sustainability through the effective use of technology. It remains focused on revolutionizing agriculture with technology to make farming automated, easy to use and more precise across the production process.
The company is seeing strong demand from its new product launches like ExactRate planter applied fertilizer systems and AutoPath. ExactRate signifies the precision application of fertilizer, while AutoPath leverages Deere’s onboard technology linked to its operation center throughout a customer’s entire production cycle. AutoPath will strengthen automated farming in the future with its new features and technologies as part of the company’s Precision Agriculture software package strategies.
Last month, Deere reported first-quarter fiscal 2022 results. Earnings of $2.92 per share surpassed the Zacks Consensus Estimate of $2.28 but declined 25% from the prior-year quarter’s levels. Net sales increased 6% year over year to $8,531 million and beat the Zacks Consensus Estimate of $8,093 million.
Deere now expects net income for fiscal 2022 between $6.7 billion and $7.1 billion, up from the prior estimate of $6.5-$7 billion. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022. However, rising raw material prices and logistic costs are likely to hurt Deere’s margin in fiscal 2022.
Price Performance
Deere’s shares have gained 3.5% in the past year compared with the industry’s loss of 0.3%.
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Deere currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few other top-ranked stocks in the Industrial Products sector include Applied Industrial Technologies, Inc. AIT, Dover Corporation DOV and Silgan Holdings Inc. SLGN. While AIT sports a Zacks Rank #1, DOV and SLGN carrying a Zacks Rank #2 at present.
Applied Industrial Technologies reported adjusted EPS of $1.46 in second-quarter fiscal 2022 (ended Dec 31, 2020), up 49% year on year and beating the Zacks Consensus Estimate of $1.09. AIT has a trailing four-quarter earnings surprise of 27.9%, on average.
Applied Industrial Technologies has an expected earnings growth rate of 24.8% for fiscal 2022. The Zacks Consensus Estimate for fiscal year earnings has moved up 9.4% in the past 60 days. AIT’s shares have appreciated 20.2% in a year.
Dover’s fourth-quarter 2021 adjusted EPS increased 15% year over year to $1.78, beating the Zacks Consensus Estimate of $1.66. DOV has a trailing four-quarter earnings surprise of 12.3%, on average.
Dover has an estimated earnings growth rate of around 12.7% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 5%. DOV’s shares have rallied around 32.1% in a year.
Silgan Holdings’ fourth-quarter 2021 adjusted EPS increased 32% year over year to a record 79 cents, beating the Zacks Consensus Estimate of 73 cents. SLGN has a trailing four-quarter earnings surprise of 3.8%, on average.
Silgan has a projected earnings growth rate of 13.5% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 3% in the past 60 days. In a year, SLGN has appreciated 11.7%.
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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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Deere also acquired full ownership of three Deere-Hitachi JV factories, which will continue to manufacture only Deere-branded construction excavators and forestry equipment. ExactRate signifies the precision application of fertilizer, while AutoPath leverages Deere’s onboard technology linked to its operation center throughout a customer’s entire production cycle. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.
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A few other top-ranked stocks in the Industrial Products sector include Applied Industrial Technologies, Inc. AIT, Dover Corporation DOV and Silgan Holdings Inc. SLGN. Applied Industrial Technologies reported adjusted EPS of $1.46 in second-quarter fiscal 2022 (ended Dec 31, 2020), up 49% year on year and beating the Zacks Consensus Estimate of $1.09. Deere & Company DE entered into a new license and supply agreement with Hitachi Construction Machinery and ended the Deere-Hitachi joint venture (JV) manufacturing and marketing agreements.
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Image Source: Zacks Investment Research Zacks Rank & Other Stocks to Consider Deere currently carries a Zacks Rank #2 (Buy). Applied Industrial Technologies reported adjusted EPS of $1.46 in second-quarter fiscal 2022 (ended Dec 31, 2020), up 49% year on year and beating the Zacks Consensus Estimate of $1.09. Deere & Company DE entered into a new license and supply agreement with Hitachi Construction Machinery and ended the Deere-Hitachi joint venture (JV) manufacturing and marketing agreements.
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Deere & Company DE entered into a new license and supply agreement with Hitachi Construction Machinery and ended the Deere-Hitachi joint venture (JV) manufacturing and marketing agreements. Deere also acquired full ownership of three Deere-Hitachi JV factories, which will continue to manufacture only Deere-branded construction excavators and forestry equipment. These factories will no longer produce Hitachi-branded construction excavators and mining equipment.
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af71da0a-68d8-474c-9f03-d9927b2d8fb2
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721270.0
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2022-02-27 00:00:00 UTC
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This ETF Could Supercharge Any Retirement Account
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DE
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https://www.nasdaq.com/articles/this-etf-could-supercharge-any-retirement-account
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nan
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nan
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Anyone reading this has likely heard the names Cathie Wood and ARK Invest. The latter is a fund company, and the former is it founder. Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances. See, Wood is hyper-focused on next-gen technologies, which have led the market since the early 2020 lull. This bullishness made her a star within the investment world.
That star has stopped shining since November, of course, when so many of these high-flying and high-profile technology names crashed. The meltdown was a not-so-subtle reminder that hype doesn't last forever and that diversification is always important. A bunch of investors are now rethinking here tech-centric, speculative approach that focuses more on themes and less on tangible potential. And understandably so.
Before you join the crowd that has given up on ARK Invest's ETF's altogether though, know that there's one name among these funds that's worth considering due to its lower-risk profile. That's the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ), formerly known as the ARK Industrial Innovation ETF.
Not like the rest
Don't sweat it if you're not familiar with it. Most people aren't. This particular exchange-traded fund simply hasn't garnered the same sort of attention that names like the ARK Next Generation Internet ETF and the ARK Innovation ETF have, both of which are highly exposed to cryptocurrencies and companies that specialize in remote, at-home connectivity solutions. Both slivers of the sector were red hot through the latter part of last year before imploding over the course of the past few weeks. The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems.
Image source: Getty Images.
Boring? A little. But that's the point. This fund's stocks aren't on the cutting edge of any industry. ARK Autonomous Technology & Robotics ETF's holdings are, however, quietly advancing their capabilities within their respective arenas while continuing to operate their old-school businesses.
Take Deere as an example. It's still a major manufacturer of farm tractors, harvesters, planting, and other agricultural implements. It also now offers high-tech farming software, however, that helps farms maximize their yields and minimize their costs. Called "precision ag" technology, its users can expect to lower their fuel costs by making fewer passes in a field, determine how much fertilizer is needed in a particular area of an operation, and better remotely manage land they can't physically see on a regular basis. As populations and food costs grow, this is a high-tech solution that will make a major impact. In fact, market research company Global Markets Insight says this precision farming technology market will annually expand by 15% through 2025, compared to 2018's levels,
3D Systems is another seemingly industrial name that's far more of a technology company than most investors realize. Although its core 3D printing technology has been around and refined for years now, it's still improving on it. The company now offers hardware capable of three-dimensionally printing a physical structure that serves as a scaffold of sorts for what will eventually become living tissue.
While the premise is still in its infancy, the healthcare industry is excited about the prospect of being able to do what's only been dreamed of before. Mordor Intelligence estimates the healthcare-related 3D printing market will grow by more than 17% per year through 2026, boding well for 3D Systems.
A mere temporary setback
The more-proven nature of its companies' businesses -- and their stocks' more palatable valuations -- didn't exactly shield the ARK Autonomous Technology & Robotics ETF from the sweeping sell-off that up-ended every other ARK fund beginning late last year. From peak to trough, ARK Autonomous Technology & Robotics ETF fell more than 30%, and is knocking on the door of a move below last month's low of $59.31.
As the dust settles though, more and more investors are going to realize the practical technology applications this fund represents. The market's also apt to sooner or later appreciate that each of its key holdings is already operating (mostly) established, profitable ventures that make these stocks lower-risk propositions...that is, assuming Cathie Wood directs the actively managed funds to maintain the bulk of their current positions. That's likely to happen though, as each ARK fund's theme hasn't been altered.
If nothing else, this particular ETF offers investors an easy, relatively safe way to step into a secular trend that's otherwise complicated to invest in.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool owns and recommends Tesla. The Motley Fool recommends 3D Systems and Trimble Inc. 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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Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances. Called "precision ag" technology, its users can expect to lower their fuel costs by making fewer passes in a field, determine how much fertilizer is needed in a particular area of an operation, and better remotely manage land they can't physically see on a regular basis. The latter is a fund company, and the former is it founder.
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The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems. The latter is a fund company, and the former is it founder. Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances.
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The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems. A mere temporary setback The more-proven nature of its companies' businesses -- and their stocks' more palatable valuations -- didn't exactly shield the ARK Autonomous Technology & Robotics ETF from the sweeping sell-off that up-ended every other ARK fund beginning late last year. The latter is a fund company, and the former is it founder.
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The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems. The latter is a fund company, and the former is it founder. Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances.
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d6cd82fa-eca1-4b9e-ac72-fed2b7252586
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721271.0
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2022-02-25 00:00:00 UTC
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Automakers idle production following Russia's invasion, other firms also scramble
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DE
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https://www.nasdaq.com/articles/automakers-idle-production-following-russias-invasion-other-firms-also-scramble
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nan
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nan
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By Ben Klayman
Feb 25 (Reuters) - Several companies, including automakers Volkswagen VOWG_p.DE and Renault RENA.PA and tire maker Nokian Tyres TYRES.HE, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine.
After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding for an assault aimed at overthrowing the government.
The United States announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods ranging from commercial electronics and computers to semiconductors and aircraft parts. That could lead companies to alter manufacturing plans or seek alternative supply lines.
The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units. The auto industry had already been dealing with a tight supply of vehicles due to the global semiconductor shortage.
"An already-tight supply of vehicles and high prices across the globe will be under added pressure based on the severity and duration of the conflict in Ukraine," said Jeff Schuster, president of global vehicle forecasts at LMC.
"Rising oil and aluminum prices will likely affect consumers’ willingness and ability to purchase vehicles, even if inventory improves," he added. "We have made significant downgrades to the Ukraine and Russia forecasts due to the escalating conflict between the two and the repercussions associated with sanctions against Russia."
The conflict could boost oil prices above $100 a barrel, which would add inflationary pressure on European and American consumers, Wells Fargo analyst Colin Langan said in a research note. While consumers have been willing to pay above sticker price to get new vehicles, sustained higher gas prices could impact long-term recovery, he said.
Germany's Volkswagen said it would halt production for a few days at two German factories after a delay in getting parts made in Ukraine.
France's Renault said it would suspend some operations at its car assembly plants in Russia next week due to logistics bottlenecks caused by parts shortages. It did not specify whether its supply chain had been hit by the conflict, but a spokeswoman said the action was a consequence of reinforced borders between Russia and neighboring countries through which parts are carried by truck.
The carmaker is among Western companies most exposed to Russia, where it makes 8% of its core earnings according to Citibank.
"Interruptions are primarily caused by tighter border controls in transit countries and the forced need to change a number of established logistics routes," the company's Russian unit said, without naming any countries.
Russian carmaker Avtovaz AVAZI_p.MM, controlled by Renault, also said it might suspend some assembly lines at a plant in central Russia for one day, on Monday, due to a persistent global shortage of electronic components. Avtovaz also did not mention the invasion in its statement.
Finnish tire maker Nokian said it was shifting production of some key product lines from Russia to Finland and the United States to prepare for possible further sanctions following the invasion.
MANAGING DISRUPTION
Aptiv Chief Executive Kevin Clark said on Thursday that over the last couple of months the American auto parts maker had swapped high-volume parts work out of Ukraine in favor of lower-volume products "so we were better-positioned to manage disruption."
Japanese auto supplier Sumitomo Electric Industries 5802.T, which employs some 6,000 people in Ukraine to make wire harnesses, said it suspended operations at its factories there and was talking to clients about potentially substituting supplies from other places.
Ford Motor Co F.N has a 50% joint venture in Ford Sollers, which has three assembly plants in Russia according to the Ford website. Ford said in a statement it was "deeply concerned" about the situation and would "manage any effects" on its business in real time.
The U.S. automaker also said it would follow any laws on trade sanctions, but declined to discuss whether the Sollers plants have been affected.
While French car parts maker Valeo VLOF.PA said the direct impact on the company is minimal, the invasion could drag down industry production volumes, and hike energy or raw material prices.
Japan's biggest steelmaker, Nippon Steel Corp 5401.T, said on Friday it would secure alternatives for a raw material it buys from Russia and Ukraine in the event of any supply disruptions.
Nippon Steel buys 14% of its iron ore pellets, small balls of iron ore powder used in steel production, from those countries. Officials said it switched sourcing to Brazil and Australia and the impact should be minimal.
Agricultural equipment maker Deere & Co DE.N said on Friday it had closed its Ukraine office in recent weeks as a precautionary measure. It employs about 40 people in Ukraine.
Meanwhile, Delta Air Lines Inc DAL.N, which does not operate services to Ukraine or Russia, said on Friday it had suspended its codesharing service with Russian airline Aeroflot. AFLT.MM
Companies shut Ukraine operations, assess impact of sanctions on Russia
FACTBOX-Companies with exposure to Russia
EXPLAINER-Europe braces for economic hit from Ukraine conflict
EXPLAINER-How Western sanctions will target Russia
FACTBOX-How the Ukraine conflict could affect the U.S. economy
(Reporting by Ben Klayman in Detroit, Additional reporting by Gilles Guillaume in Paris and Tom Sims in Frankfurt Editing by Matthew Lewis)
((benjamin.klayman@thomsonreuters.com; 313-600-2277; Reuters Messaging: benjamin.klayman.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Ben Klayman Feb 25 (Reuters) - Several companies, including automakers Volkswagen VOWG_p.DE and Renault RENA.PA and tire maker Nokian Tyres TYRES.HE, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine. Japanese auto supplier Sumitomo Electric Industries 5802.T, which employs some 6,000 people in Ukraine to make wire harnesses, said it suspended operations at its factories there and was talking to clients about potentially substituting supplies from other places. After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding for an assault aimed at overthrowing the government.
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By Ben Klayman Feb 25 (Reuters) - Several companies, including automakers Volkswagen VOWG_p.DE and Renault RENA.PA and tire maker Nokian Tyres TYRES.HE, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine. AFLT.MM Companies shut Ukraine operations, assess impact of sanctions on Russia FACTBOX-Companies with exposure to Russia EXPLAINER-Europe braces for economic hit from Ukraine conflict EXPLAINER-How Western sanctions will target Russia FACTBOX-How the Ukraine conflict could affect the U.S. economy (Reporting by Ben Klayman in Detroit, Additional reporting by Gilles Guillaume in Paris and Tom Sims in Frankfurt Editing by Matthew Lewis) ((benjamin.klayman@thomsonreuters.com; 313-600-2277; Reuters Messaging: benjamin.klayman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding for an assault aimed at overthrowing the government.
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By Ben Klayman Feb 25 (Reuters) - Several companies, including automakers Volkswagen VOWG_p.DE and Renault RENA.PA and tire maker Nokian Tyres TYRES.HE, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine. "We have made significant downgrades to the Ukraine and Russia forecasts due to the escalating conflict between the two and the repercussions associated with sanctions against Russia." AFLT.MM Companies shut Ukraine operations, assess impact of sanctions on Russia FACTBOX-Companies with exposure to Russia EXPLAINER-Europe braces for economic hit from Ukraine conflict EXPLAINER-How Western sanctions will target Russia FACTBOX-How the Ukraine conflict could affect the U.S. economy (Reporting by Ben Klayman in Detroit, Additional reporting by Gilles Guillaume in Paris and Tom Sims in Frankfurt Editing by Matthew Lewis) ((benjamin.klayman@thomsonreuters.com; 313-600-2277; Reuters Messaging: benjamin.klayman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The auto industry had already been dealing with a tight supply of vehicles due to the global semiconductor shortage. "An already-tight supply of vehicles and high prices across the globe will be under added pressure based on the severity and duration of the conflict in Ukraine," said Jeff Schuster, president of global vehicle forecasts at LMC. By Ben Klayman Feb 25 (Reuters) - Several companies, including automakers Volkswagen VOWG_p.DE and Renault RENA.PA and tire maker Nokian Tyres TYRES.HE, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine.
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d18f9e31-8b60-4913-821a-b96ed74a3e3c
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721272.0
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2022-02-25 00:00:00 UTC
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Should You Buy Deere Stock After A 6% Fall Last Week?
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-stock-after-a-6-fall-last-week
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nan
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nan
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Deere & Company (NYSE: DE) stock saw a 6% fall over the last week despite reporting upbeat Q1FY22 results. Deere’s revenue (from equipment sales) of $8.5 billion was up 6% y-o-y, and it compares with our forecast of $8.3 billion. The revenue growth was driven by a 7% rise in agricultural and turf-related equipment sales, while construction and forestry equipment sales were up 3%. Looking at the bottom line, the company’s earnings of $2.92 per share, although were down from the $3.87 figure in the prior-year quarter, they were well above our forecast of $2.20 and the consensus estimate of $2.23.
Despite an earnings beat, DE stock has fallen from $394 levels at the beginning of last week to $369 on Fri, Feb 18. This can be attributed to the company’s upward revision of its net income guidance to $6.90 billion vs. $6.75 billion earlier (at mid-point of the provided range), falling short of analysts’ expectations. However, we believe that DE stock is undervalued currently, and investors can use the current dip as a buying opportunity for better gains in the long run. That said, there are near-term headwinds for the broader markets, including the Russia-Ukraine conflict and its impact on the oil market. Any adverse reaction by the broader markets will also impact Deere stock.
We currently estimate Deere Valuation to be $452 per share, reflecting more than 22% upside potential from its current levels of $369. This represents a P/E multiple under 19.7x based on its expected EPS of $22.90 in 2022. The 19.7x P/E multiple compares with an average of 16.5x for the last three years. We believe that Deere deserves a higher multiple than its historical average, given a sharp rise in earnings. For perspective, Deere’s expected EPS of $22.90 in 2022 will reflect a significant 130% rise from the $9.93 figure seen in 2018. Furthermore, the company’s 2023 EPS forecast is much higher at $26.00.
Our Recent Analyses on Deere:
Will Deere Stock See Higher Levels Following Its Q1 Results?
This Transmissions Company Is Likely To Offer Better Returns Over Deere Stock
While DE stock looks undervalued, our analysis on Deere vs. Thermo Fisher Scientific finds TMO, with a similar revenue base, to be an even better bet. Check out how Deere’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Feb 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
DE Return -2% 8% 258%
S&P 500 Return -4% -9% 94%
Trefis MS Portfolio Return -2% -11% 251%
[1] Month-to-date and year-to-date as of 2/22/2022
[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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Deere & Company (NYSE: DE) stock saw a 6% fall over the last week despite reporting upbeat Q1FY22 results. Despite an earnings beat, DE stock has fallen from $394 levels at the beginning of last week to $369 on Fri, Feb 18. Deere’s revenue (from equipment sales) of $8.5 billion was up 6% y-o-y, and it compares with our forecast of $8.3 billion.
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Our Recent Analyses on Deere: Will Deere Stock See Higher Levels Following Its Q1 Results? This Transmissions Company Is Likely To Offer Better Returns Over Deere Stock While DE stock looks undervalued, our analysis on Deere vs. Thermo Fisher Scientific finds TMO, with a similar revenue base, to be an even better bet. Total [2] DE Return -2% 8% 258% S&P 500 Return -4% -9% 94% Trefis MS Portfolio Return -2% -11% 251% [1] Month-to-date and year-to-date as of 2/22/2022 [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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Our Recent Analyses on Deere: Will Deere Stock See Higher Levels Following Its Q1 Results? This Transmissions Company Is Likely To Offer Better Returns Over Deere Stock While DE stock looks undervalued, our analysis on Deere vs. Thermo Fisher Scientific finds TMO, with a similar revenue base, to be an even better bet. Total [2] DE Return -2% 8% 258% S&P 500 Return -4% -9% 94% Trefis MS Portfolio Return -2% -11% 251% [1] Month-to-date and year-to-date as of 2/22/2022 [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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Deere’s revenue (from equipment sales) of $8.5 billion was up 6% y-o-y, and it compares with our forecast of $8.3 billion. Our Recent Analyses on Deere: Will Deere Stock See Higher Levels Following Its Q1 Results? This Transmissions Company Is Likely To Offer Better Returns Over Deere Stock While DE stock looks undervalued, our analysis on Deere vs. Thermo Fisher Scientific finds TMO, with a similar revenue base, to be an even better bet.
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852efc53-a16b-4920-b0a2-35b5c405b475
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721273.0
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2022-02-24 00:00:00 UTC
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Daily Dividend Report: TMO,TXT,BEN,AA,DE
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DE
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https://www.nasdaq.com/articles/daily-dividend-report%3A-tmotxtbenaade
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nan
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nan
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Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. This reflects a 15% increase over the previous dividend payment of $0.26.
The Board of Directors of Textron today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on April 1, 2022 to holders of record at the close of business on March 11, 2022.
Franklin Resources announced a quarterly cash dividend in the amount of $0.29 per share payable on April 14, 2022 to stockholders of record holding shares of common stock at the close of business on March 31, 2022. The quarterly dividend of $0.29 per share is equivalent to the dividend paid for the prior quarter and represents an approximately 4% increase over the quarterly dividend paid for the same quarter last year.
Alcoa today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 24, 2022 to stockholders of record as of the close of business on March 8, 2022.
The Deere Board of Directors today declared a regular quarterly dividend of $1.05 per share on the company's common stock. The dividend is payable May 9, 2022 to stockholders of record on March 31, 2022.
VIDEO: Daily Dividend Report: TMO,TXT,BEN,AA,DE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. The Board of Directors of Textron today declared a quarterly dividend of $0.02 per share on the company's Common Stock. The Deere Board of Directors today declared a regular quarterly dividend of $1.05 per share on the company's common stock.
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Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. Franklin Resources announced a quarterly cash dividend in the amount of $0.29 per share payable on April 14, 2022 to stockholders of record holding shares of common stock at the close of business on March 31, 2022. Alcoa today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 24, 2022 to stockholders of record as of the close of business on March 8, 2022.
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Franklin Resources announced a quarterly cash dividend in the amount of $0.29 per share payable on April 14, 2022 to stockholders of record holding shares of common stock at the close of business on March 31, 2022. The quarterly dividend of $0.29 per share is equivalent to the dividend paid for the prior quarter and represents an approximately 4% increase over the quarterly dividend paid for the same quarter last year. Alcoa today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 24, 2022 to stockholders of record as of the close of business on March 8, 2022.
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Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. All dividends will be paid on April 1, 2022 to holders of record at the close of business on March 11, 2022. Alcoa today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 24, 2022 to stockholders of record as of the close of business on March 8, 2022.
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9f1af337-e30a-427a-a665-7da5a5f7c3c3
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721274.0
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2022-02-24 00:00:00 UTC
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Down 9.3% in 4 Weeks, Here's Why Deere (DE) Looks Ripe for a Turnaround
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DE
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https://www.nasdaq.com/articles/down-9.3-in-4-weeks-heres-why-deere-de-looks-ripe-for-a-turnaround
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nan
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nan
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Deere (DE) has been beaten down lately with too much selling pressure. While the stock has lost 9.3% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
How to Determine if a Stock is Oversold
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Here's Why DE Could Experience a Turnaround
The RSI reading of 28.16 for DE is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering DE in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2.1% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, DE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Deere (DE) has been beaten down lately with too much selling pressure. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold.
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Moreover, DE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. Deere & Company (DE): Free Stock Analysis Report Deere (DE) has been beaten down lately with too much selling pressure.
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How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. Here's Why DE Could Experience a Turnaround The RSI reading of 28.16 for DE is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. Moreover, DE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises.
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A strong agreement among sell-side analysts covering DE in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2.1% over the last 30 days. Deere & Company (DE): Free Stock Analysis Report Deere (DE) has been beaten down lately with too much selling pressure.
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b4712cb7-f11f-4f72-a5c5-2cbb7233f679
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721275.0
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2022-02-23 00:00:00 UTC
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Russia-Ukraine Tensions Escalate: 3 ETFs to Buy
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DE
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https://www.nasdaq.com/articles/russia-ukraine-tensions-escalate%3A-3-etfs-to-buy
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nan
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nan
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Stocks continue to slide as investors are trying to figure out economic implications of Russian aggression against Ukraine. Today, Ukraine declared a state of emergency and began to mobilize its reservists.
Yesterday, President Biden announced an initial round of sanctions and EU, the U.K., Canada, Australia, and Japan also announced their sanctions and restrictions. These could cause shortages of food and energy.
Russia is among the world’s largest suppliers of oil and natural gas. Both countries are major exporters of wheat, corn, edible oils and metals like aluminum, nickel, and palladium.
We have already seen a surge in prices of crude, natural gas, grains and metals. Russia is also one of the world’s largest exporters of fertilizers. Any supply disruptions would result higher food inflation. Food prices are already at their highest levels in a decade.
ETF areas like gold, other commodities, and agribusiness could benefit from the crisis. The iShares Gold Trust Micro (IAUM), the cheapest physically backed gold ETF, is worth a look.
The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is the most popular broad based commodity ETF, which invests in futures on 14 heavily traded commodities
The VanEck Agribusiness ETF (MOO) invests in companies that derive more than 50% of their revenues from agribusiness. Deere & Company (DE), Zoetis (ZTS) and Nutrien (NTR) are its top holdings.
Please watch the short video above to learn more.
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Deere & Company (DE): Free Stock Analysis Report
SPDR Gold Shares (GLD): ETF Research Reports
Zoetis Inc. (ZTS): Free Stock Analysis Report
VanEck Agribusiness ETF (MOO): ETF Research Reports
Invesco Optimum Yield Diversified Commodity Stratgy No K1 ETF (PDBC): ETF Research Reports
Nutrien Ltd. (NTR): Free Stock Analysis Report
iShares Gold Trust Micro (IAUM): 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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Stocks continue to slide as investors are trying to figure out economic implications of Russian aggression against Ukraine. Today, Ukraine declared a state of emergency and began to mobilize its reservists. Yesterday, President Biden announced an initial round of sanctions and EU, the U.K., Canada, Australia, and Japan also announced their sanctions and restrictions.
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Deere & Company (DE): Free Stock Analysis Report Stocks continue to slide as investors are trying to figure out economic implications of Russian aggression against Ukraine. Today, Ukraine declared a state of emergency and began to mobilize its reservists.
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The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is the most popular broad based commodity ETF, which invests in futures on 14 heavily traded commodities The VanEck Agribusiness ETF (MOO) invests in companies that derive more than 50% of their revenues from agribusiness. Stocks continue to slide as investors are trying to figure out economic implications of Russian aggression against Ukraine. Today, Ukraine declared a state of emergency and began to mobilize its reservists.
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Food prices are already at their highest levels in a decade. Stocks continue to slide as investors are trying to figure out economic implications of Russian aggression against Ukraine. Today, Ukraine declared a state of emergency and began to mobilize its reservists.
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3cf579fb-f04f-4f9e-927c-446a7075ae5c
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721276.0
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2022-02-23 00:00:00 UTC
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Notable Wednesday Option Activity: AAPL, TJX, DE
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DE
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-aapl-tjx-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 Apple Inc (Symbol: AAPL), where a total volume of 542,969 contracts has been traded thus far today, a contract volume which is representative of approximately 54.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of AAPL's average daily trading volume over the past month, of 92.6 million shares. Especially high volume was seen for the $165 strike call option expiring February 25, 2022, with 47,320 contracts trading so far today, representing approximately 4.7 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $165 strike highlighted in orange:
TJX Companies (Symbol: TJX) options are showing a volume of 33,662 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 58.3% of TJX's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $62 strike call option expiring February 25, 2022, with 7,678 contracts trading so far today, representing approximately 767,800 underlying shares of TJX. Below is a chart showing TJX's trailing twelve month trading history, with the $62 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 11,187 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 56.3% of DE's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $340 strike put option expiring February 25, 2022, with 813 contracts trading so far today, representing approximately 81,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $340 strike highlighted in orange:
For the various different available expirations for AAPL options, TJX options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $165 strike call option expiring February 25, 2022, with 47,320 contracts trading so far today, representing approximately 4.7 million underlying shares of AAPL. Particularly high volume was seen for the $62 strike call option expiring February 25, 2022, with 7,678 contracts trading so far today, representing approximately 767,800 underlying shares of TJX. Especially high volume was seen for the $340 strike put option expiring February 25, 2022, with 813 contracts trading so far today, representing approximately 81,300 underlying shares of DE.
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That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 58.3% of TJX's average daily trading volume over the past month, of 5.8 million shares. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 56.3% of DE's average daily trading volume over the past month, of 2.0 million shares. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (Symbol: AAPL), where a total volume of 542,969 contracts has been traded thus far today, a contract volume which is representative of approximately 54.3 million underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (Symbol: AAPL), where a total volume of 542,969 contracts has been traded thus far today, a contract volume which is representative of approximately 54.3 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $165 strike call option expiring February 25, 2022, with 47,320 contracts trading so far today, representing approximately 4.7 million underlying shares of AAPL. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 58.3% of TJX's average daily trading volume over the past month, of 5.8 million shares.
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Especially high volume was seen for the $165 strike call option expiring February 25, 2022, with 47,320 contracts trading so far today, representing approximately 4.7 million underlying shares of AAPL. Particularly high volume was seen for the $62 strike call option expiring February 25, 2022, with 7,678 contracts trading so far today, representing approximately 767,800 underlying shares of TJX. Especially high volume was seen for the $340 strike put option expiring February 25, 2022, with 813 contracts trading so far today, representing approximately 81,300 underlying shares of DE.
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016dc26c-0c73-4e34-bbdf-167759fce859
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721277.0
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2022-02-23 00:00:00 UTC
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Surprising Analyst 12-Month Target For IVE
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DE
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https://www.nasdaq.com/articles/surprising-analyst-12-month-target-for-ive
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares S&P 500 Value ETF (Symbol: IVE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $174.78 per unit.
With IVE trading at a recent price near $150.52 per unit, that means that analysts see 16.12% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IVE's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Centene Corp (Symbol: CNC), and Deere & Co. (Symbol: DE). Although TEL has traded at a recent price of $140.68/share, the average analyst target is 18.53% higher at $166.75/share. Similarly, CNC has 16.81% upside from the recent share price of $81.33 if the average analyst target price of $95.00/share is reached, and analysts on average are expecting DE to reach a target price of $413.00/share, which is 16.74% above the recent price of $353.78. Below is a twelve month price history chart comparing the stock performance of TEL, CNC, and DE:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares S&P 500 Value ETF IVE $150.52 $174.78 16.12%
TE Connectivity Ltd TEL $140.68 $166.75 18.53%
Centene Corp CNC $81.33 $95.00 16.81%
Deere & Co. DE $353.78 $413.00 16.74%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although TEL has traded at a recent price of $140.68/share, the average analyst target is 18.53% higher at $166.75/share. iShares S&P 500 Value ETF IVE $150.52 $174.78 16.12% TE Connectivity Ltd TEL $140.68 $166.75 18.53% Centene Corp CNC $81.33 $95.00 16.81% Deere & Co. DE $353.78 $413.00 16.74% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments?
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Three of IVE's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Centene Corp (Symbol: CNC), and Deere & Co. (Symbol: DE). Similarly, CNC has 16.81% upside from the recent share price of $81.33 if the average analyst target price of $95.00/share is reached, and analysts on average are expecting DE to reach a target price of $413.00/share, which is 16.74% above the recent price of $353.78. iShares S&P 500 Value ETF IVE $150.52 $174.78 16.12% TE Connectivity Ltd TEL $140.68 $166.75 18.53% Centene Corp CNC $81.33 $95.00 16.81% Deere & Co. DE $353.78 $413.00 16.74% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, CNC has 16.81% upside from the recent share price of $81.33 if the average analyst target price of $95.00/share is reached, and analysts on average are expecting DE to reach a target price of $413.00/share, which is 16.74% above the recent price of $353.78. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With IVE trading at a recent price near $150.52 per unit, that means that analysts see 16.12% upside for this ETF looking through to the average analyst targets of the underlying holdings. iShares S&P 500 Value ETF IVE $150.52 $174.78 16.12% TE Connectivity Ltd TEL $140.68 $166.75 18.53% Centene Corp CNC $81.33 $95.00 16.81% Deere & Co. DE $353.78 $413.00 16.74% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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4f5671f6-b499-404c-b0bc-445c783a2256
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721278.0
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2022-02-22 00:00:00 UTC
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Notable Two Hundred Day Moving Average Cross - DE
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DE
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https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-de
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nan
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nan
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $358.67, changing hands as low as $356.12 per share. Deere & Co. shares are currently trading down about 3.3% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $320.50 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $356.88. The DE DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $358.67, changing hands as low as $356.12 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $320.50 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $356.88. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $358.67, changing hands as low as $356.12 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $320.50 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $356.88. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $358.67, changing hands as low as $356.12 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $320.50 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $356.88. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $358.67, changing hands as low as $356.12 per share. Deere & Co. shares are currently trading down about 3.3% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $320.50 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $356.88.
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94b341cd-ebf7-4300-bb18-5d2136248228
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721279.0
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2022-02-22 00:00:00 UTC
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Notable ETF Outflow Detected - XLI, BA, DE, CAT
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DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-xli-ba-de-cat
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR— Fund (Symbol: XLI) where we have detected an approximate $206.5 million dollar outflow -- that's a 1.3% decrease week over week (from 167,230,000 to 165,130,000). Among the largest underlying components of XLI, in trading today Boeing Co. (Symbol: BA) is off about 2.4%, Deere & Co. (Symbol: DE) is up about 0.3%, and Caterpillar Inc. (Symbol: CAT) is up by about 1.5%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $89.85 per share, with $107.88 as the 52 week high point — that compares with a last trade of $98.79. 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR— Fund (Symbol: XLI) where we have detected an approximate $206.5 million dollar outflow -- that's a 1.3% decrease week over week (from 167,230,000 to 165,130,000). 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.
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For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $89.85 per share, with $107.88 as the 52 week high point — that compares with a last trade of $98.79. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR— Fund (Symbol: XLI) where we have detected an approximate $206.5 million dollar outflow -- that's a 1.3% decrease week over week (from 167,230,000 to 165,130,000).
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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 The Industrial Select Sector SPDR— Fund (Symbol: XLI) where we have detected an approximate $206.5 million dollar outflow -- that's a 1.3% decrease week over week (from 167,230,000 to 165,130,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $89.85 per share, with $107.88 as the 52 week high point — that compares with a last trade of $98.79. 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 XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $89.85 per share, with $107.88 as the 52 week high point — that compares with a last trade of $98.79. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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c705ba5c-8f5a-4b28-93f7-b967a8683354
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721280.0
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2022-02-18 00:00:00 UTC
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Deere & Company Raises Earnings Guidance; Sets Goals To Create Sustainable Value For Stakeholders
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DE
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https://www.nasdaq.com/articles/deere-company-raises-earnings-guidance-sets-goals-to-create-sustainable-value-for
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nan
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nan
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(RTTNews) - Deere & Company (DE) said it now expects fiscal 2022 net income attributable to Deere & Company to be in a range of $6.7 billion to $7.1 billion. Looking ahead, the company expects demand for farm and construction equipment to continue benefiting from strong fundamentals.
Deere & Company also announced new goals, known as the Leap Ambitions, that are linked to the Smart Industrial strategy and operating model introduced in 2020. The company said it is committed to achieving these goals over the remainder of the decade.
"Deere's performance in the first quarter was impressive given production issues surrounding the delayed ratification of our UAW contract in late November as well as persistent challenges posed by the supply chain and pandemic. These factors led to higher production costs in the quarter. We continue to work closely with key suppliers to manage the situation," said John May, CEO.
First quarter EPS declined to $2.92 from $3.87, a year ago. Analysts on average had expected the company to earn $2.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
First quarter worldwide net sales and revenues increased 5 percent to $9.569 billion. Equipment operations net sales were $8.531 billion, compared to $8.051 billion, prior 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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Looking ahead, the company expects demand for farm and construction equipment to continue benefiting from strong fundamentals. Deere & Company also announced new goals, known as the Leap Ambitions, that are linked to the Smart Industrial strategy and operating model introduced in 2020. "Deere's performance in the first quarter was impressive given production issues surrounding the delayed ratification of our UAW contract in late November as well as persistent challenges posed by the supply chain and pandemic.
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(RTTNews) - Deere & Company (DE) said it now expects fiscal 2022 net income attributable to Deere & Company to be in a range of $6.7 billion to $7.1 billion. First quarter worldwide net sales and revenues increased 5 percent to $9.569 billion. Looking ahead, the company expects demand for farm and construction equipment to continue benefiting from strong fundamentals.
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(RTTNews) - Deere & Company (DE) said it now expects fiscal 2022 net income attributable to Deere & Company to be in a range of $6.7 billion to $7.1 billion. "Deere's performance in the first quarter was impressive given production issues surrounding the delayed ratification of our UAW contract in late November as well as persistent challenges posed by the supply chain and pandemic. Looking ahead, the company expects demand for farm and construction equipment to continue benefiting from strong fundamentals.
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(RTTNews) - Deere & Company (DE) said it now expects fiscal 2022 net income attributable to Deere & Company to be in a range of $6.7 billion to $7.1 billion. Deere & Company also announced new goals, known as the Leap Ambitions, that are linked to the Smart Industrial strategy and operating model introduced in 2020. Looking ahead, the company expects demand for farm and construction equipment to continue benefiting from strong fundamentals.
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d9b49422-e66d-424f-b8bc-c370d2eadba7
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721281.0
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2022-02-18 00:00:00 UTC
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Deere (DE) Earnings & Revenues Beat Estimates in Q1, View Up
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DE
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https://www.nasdaq.com/articles/deere-de-earnings-revenues-beat-estimates-in-q1-view-up
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nan
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nan
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Deere & Company DE reported first-quarter fiscal 2022 (ended Jan 30, 2022) earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.28. The bottom line declined 25% from the prior-year quarter’s levels. Higher production costs owing to supply chain challenges and ratification of the UAW contract impacted bottom-line results.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were $8,531 million, up 6% year over year. Revenues surpassed the Zacks Consensus Estimate of $8,093 million. Total net sales (including financial services and others) were $9,569 million, up 5% year over year.
Operational Update
The cost of sales in the reported quarter was up 15.3% year over year to $6,695 million. Total gross profit in the reported quarter declined 18.3% year over year to $1,836 million. Selling, administrative and general expenses rose 1.6% to $781 million from the prior-year period’s levels.
Equipment operations reported an operating profit of $939 million in the quarter compared with $1,380 million in the year-earlier quarter. Total operating profit (including financial services) declined 25% year over year to $1,235 million in the fiscal first quarter.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote
Segment Performance
The Production & Precision Agriculture segment’s sales rose 9% year over year to $3,356 million, primarily driven by higher shipment volumes and price realization. Operating profit in the segment declined 54% year over year to $296 million.
Small Agriculture & Turf sales rose 5% to $2,631 million from the year-earlier quarter’s levels as benefits from price realization more than offset lower shipment volumes. The segment’s operating profit fell 21% year over year to $371 million.
Construction & forestry segment sales were $2,544 million, up 3% year over year, backed by higher shipment volumes and price realization. The segment’s operating profit inched up 1% year over year to $272 million.
Net revenues in Deere’s Financial Services division were $870 million in the reported quarter, down 2% year on year. The segment’s operating profit amounted to $296 million, up 15% year over year.
Financial Update
Deere reported cash and cash equivalents of $4,472 million at the end of first-quarter fiscal 2022 compared with $6,962 million recorded at the end of the year-ago quarter. Cash utilized in operating activities was $2,553 million in the fiscal first quarter against cash generation of $143 million in the prior-year quarter. At the end of the quarter, the long-term borrowing was nearly $33 billion, unchanged year over year.
Outlook
Deere now expects net income for fiscal 2022 between $6.7 billion and $7.1 billion, up from the prior estimate of $6.5-$7 billion. Demand for farm and construction equipment will continue to be supported by positive fundamentals.
Price Performance
Deere’s shares have gained 16.6% in the past year compared with the industry’s growth of 11.8%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector include Dover Corporation DOV, Silgan Holdings Inc. SLGN and Applied Industrial Technologies, Inc. AIT, each carrying a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dover’s fourth-quarter 2021 adjusted earnings per share (EPS) increased 15% year over year to $1.78, beating the Zacks Consensus Estimate of $1.66. DOV has a trailing four-quarter earnings surprise of 12.3%, on average.
Dover has an estimated earnings growth rate of around 12.7% for 2022. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 5%. DOV’s shares have rallied around 32.1% in a year.
Silgan Holdings’ fourth-quarter 2021 adjusted EPS increased 32% year over year to a record 79 cents, beating the Zacks Consensus Estimate of 73 cents. SLGN has a trailing four-quarter earnings surprise of 3.8%, on average.
Silgan has a projected earnings growth rate of 13.5% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 3% in the past 60 days. In a year, SLGN has appreciated 11.7%.
Applied Industrial Technologies reported adjusted EPS of $1.46 in second-quarter fiscal 2022 (ended Dec 31, 2020), up 49% year on year and beating the Zacks Consensus Estimate of $1.09. AIT has a trailing four-quarter earnings surprise of 27.9%, on average.
Applied Industrial Technologies has an expected earnings growth rate of 24.8% for fiscal 2022. The Zacks Consensus Estimate for fiscal year earnings has moved up 9.4% in the past 60 days. AIT’s shares have appreciated 20.2% in a 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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Deere & Company DE reported first-quarter fiscal 2022 (ended Jan 30, 2022) earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.28. The bottom line declined 25% from the prior-year quarter’s levels. Total gross profit in the reported quarter declined 18.3% year over year to $1,836 million.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Segment Performance The Production & Precision Agriculture segment’s sales rose 9% year over year to $3,356 million, primarily driven by higher shipment volumes and price realization. Some better-ranked stocks in the Industrial Products sector include Dover Corporation DOV, Silgan Holdings Inc. SLGN and Applied Industrial Technologies, Inc. AIT, each carrying a Zacks Rank #2 (Buy), at present. Deere & Company DE reported first-quarter fiscal 2022 (ended Jan 30, 2022) earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.28.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote Segment Performance The Production & Precision Agriculture segment’s sales rose 9% year over year to $3,356 million, primarily driven by higher shipment volumes and price realization. Applied Industrial Technologies reported adjusted EPS of $1.46 in second-quarter fiscal 2022 (ended Dec 31, 2020), up 49% year on year and beating the Zacks Consensus Estimate of $1.09. Deere & Company DE reported first-quarter fiscal 2022 (ended Jan 30, 2022) earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.28.
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Price Performance Deere’s shares have gained 16.6% in the past year compared with the industry’s growth of 11.8%. Deere & Company DE reported first-quarter fiscal 2022 (ended Jan 30, 2022) earnings of $2.92 per share, beating the Zacks Consensus Estimate of $2.28. The bottom line declined 25% from the prior-year quarter’s levels.
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721282.0
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2022-02-18 00:00:00 UTC
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US STOCKS-Wall St eyes muted open as Ukraine nerves persist
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https://www.nasdaq.com/articles/us-stocks-wall-st-eyes-muted-open-as-ukraine-nerves-persist
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By Susan Mathew and Devik Jain
Feb 18 (Reuters) - U.S. stocks were set to open largely flat on Friday, with investors keeping a wary eye on developments in Ukraine heading into a long weekend.
Headlines around escalating tensions between Moscow and the West over a standoff with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
Wall Street ended deeply in the red on Thursday after Moscow expelled deputy U.S. ambassador Bartle Gorman, and U.S. President Joe Biden said a Russian invasion of Ukraine could happen in the next few days.
U.S. Secretary of State Antony Blinken agreed to meet Russian Foreign Minister Sergei Lavrov next week, calming markets globally as investors hoped for a diplomatic solution to avert a military conflict. MKTS/GLOB
At 8:57 a.m. ET, Dow e-minis 1YMcv1 were down 44 points, or 0.13%, S&P 500 e-minis EScv1 were down 3.75 points, or 0.09%, and Nasdaq 100 e-minis NQcv1 were down 7.75 points, or 0.05%.
"The stock market will continue to be quite volatile until these important geopolitical uncertainties and monetary policy questions are clarified," said Christian Stocker, lead equity strategist at UniCredit Bank.
Expiration of monthly options contracts were seen adding to the day's volatility.
The CBOE volatility index .VIX, also known as Wall Street's fear gauge, was last up 26.94 points, well above its long-term average of 20.
Speculations about the Federal Reserve's policy tightening plans for the year added to the downbeat mood this week. A flurry of appearances from Fed members are scheduled on Friday. The Fed's next monetary policy decision is due in about a month's time.
"The worry is whether the pivot away from pandemic-era stimulus will squeeze economic growth and inject more turbulence across asset classes," said Stocker.
JPMorgan Chase JPM.N rose 0.6% on Friday to lead gains among big banks in premarket trading.
Tesla TSLA.O was flat, while other megacap tech stocks such as Apple AAPL.O, Meta Platforms FB.O, Google GOOGL.O, Amazon AMZN.O and Microsoft MSFT.O edged higher.
Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
DuPont DD.N climbed 4.1% after the industrial materials maker said it would sell most of its mobility and materials business for $11 billion to Celanese Corp CE.N. Shares of Celanese gained 3%.
Shake Shack Inc SHAK.N slumped 14.1% after the burger chain forecast first-quarter revenue below estimates as Omicron kept diners away and led to temporary restaurant closures.
Roku Inc ROKU.O tumbled 27.3% after the streaming platform's disappointing quarterly revenue and first-quarter outlook.
DraftKings Inc DKNG.O shed 15.2% after the sports betting company forecast a bigger-than anticipated 2022 loss.
(Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))
The views and 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 Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks were set to open largely flat on Friday, with investors keeping a wary eye on developments in Ukraine heading into a long weekend. Wall Street ended deeply in the red on Thursday after Moscow expelled deputy U.S. ambassador Bartle Gorman, and U.S. President Joe Biden said a Russian invasion of Ukraine could happen in the next few days. Headlines around escalating tensions between Moscow and the West over a standoff with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
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By Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks were set to open largely flat on Friday, with investors keeping a wary eye on developments in Ukraine heading into a long weekend. (Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Anil D'Silva and Maju Samuel) ((susan.mathew@thomsonreuters.com; +91-80-6287-2704;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Headlines around escalating tensions between Moscow and the West over a standoff with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
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By Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks were set to open largely flat on Friday, with investors keeping a wary eye on developments in Ukraine heading into a long weekend. Lithium producer Livent Corp LTHM.N jumped 8.2% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook. Headlines around escalating tensions between Moscow and the West over a standoff with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
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The CBOE volatility index .VIX, also known as Wall Street's fear gauge, was last up 26.94 points, well above its long-term average of 20. The Fed's next monetary policy decision is due in about a month's time. By Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks were set to open largely flat on Friday, with investors keeping a wary eye on developments in Ukraine heading into a long weekend.
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721283.0
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2022-02-18 00:00:00 UTC
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GLOBAL MARKETS-Stocks dig in heels amid Ukraine standoff, crude sinks
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https://www.nasdaq.com/articles/global-markets-stocks-dig-in-heels-amid-ukraine-standoff-crude-sinks
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By Huw Jones
LONDON, Feb 18 (Reuters) - Wall Street was set to mirror Europe's modest advance in stocks as investors drew comfort from a high-level diplomatic attempt next week to avoid a Russian invasion of Ukraine even though shelling continued there for a second day.
S&P 500 futures ESc1 were up 0.5% and Nasdaq futures NQc1 gained 0.7% ahead of the opening bell and a long weekend on Wall Street, with stock markets closed on Monday for Presidents Day.
U.S. Secretary of State Antony Blinken agreed to a meeting with Russia's foreign minister Sergei Lavrov next week, raising the prospect of ending the standoff over Ukraine, but shelling in the eastern part of the country continued on Friday.
"The stock market environment is likely to remain exceptionally dependent on geopolitical and inflation developments, which could trigger significant market volatility over the next few weeks and months," analysts at UniCredit bank said.
Oil was headed for a weekly fall as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion of Ukraine.
The STOXX .STOXX index of 600 European companies was up 0.2% at 465 points, six percent below the lifetime high hit in the first week of 2022.
Some good corporate news helped to keep stocks above water.
In the United States, Deere & Co DE.N, the world's largest farm equipment maker, raised its annual profit forecast.
Renault RENA.PA jumped 1.9% as the French carmaker swung into profit in 2021, while Finnish drug manufacturer Orion ORNBV.HE rallied 22% to the top of the STOXX 600 following positive trial results for its prostrate cancer treatment.
On the data front in Europe, British retail sales grew faster than expected in January, recovering about half the losses suffered when a wave of coronavirus cases caused many shoppers to stay at home during December.
The MSCI All Country stock index .MIWD00000PUS was little changed.
Worries over the pace of anticipated interest rate hikes by the Federal Reserve have largely been priced into markets for now, helping to underpin sentiment, said Seema Shah, chief strategist at Principal Global Investors.
"It looks like because of geopolitical risk, it's pushed back the chances of a 50 basis point hike, the markets have reduced their expectations," she said.
"The market is getting close to peak in terms of rate expections. Once you hit that peak, things should settle down."
Federal Reserve officials remain split over how aggressively they should hike interest rates from next month. Fed funds futures 0#FF: price about a 1/3 chance of a 50 bps hike in March.
U.S. existing home sales are due later, though all eyes will be on the March 10 consumer inflation report ahead of the Fed's meeting later that month.
SAFE HAVENS EASE, CRUDE SINKS
The safe-haven Japanese yen JPY= fell back on Friday and risk-sensitive currencies, such as the Australian dollar, advanced as investors took comfort from a plan to hold talks between the United States and Russia over the crisis in Ukraine.
The dollar rose 0.3% on the yen JPY=EBS, reaching as high as 115.3 yen, having touched a two-week low of 114.79 in early Friday trading.
Gold XAU= eased 0.2%. FRX/GOL/
Asian shares were weaker, with the MSCI's broadest index of Asia shares outside Japan .MIAPJ0000PUS last down 0.7%.
Tokyo .N225 shed 0.4%, Hong Kong .HSI 1.8%, Sydney .AXJO 1%, paring deeper morning losses..T.HK.KS.AX
In treasuries, the benchmark 10-year yield US10YT=RR was slightly lower at 1.9668%. Two-year yields US2YT=RR were little changed at 1.4882%. US/
Oil dipped and Brent crude futures LCOc1 were last down 1.8% on Friday at $91.30 a barrel, more than 4% below Monday's peak, and U.S. crude CLc1 fell 1.9% to $90.02 a barrel.
Sources at OPEC+ said it will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal with world powers.
After a 7.6% tumble late on Thursday, bitcoin BTC=BTSP fell a further 0.3% to $40,419.
World FX rates YTDhttp://tmsnrt.rs/2egbfVh
Global asset performancehttp://tmsnrt.rs/2yaDPgn
Asian stock marketshttps://tmsnrt.rs/2zpUAr4
Fund flows: Global equities, bonds and money markethttps://tmsnrt.rs/3sRK1Ya
(Editing by Kenneth Maxwell, Christina Fincher and Chizu Nomiyama)
((tom.westbrook@tr.com; +65 6973 8284;))
The views and 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 Huw Jones LONDON, Feb 18 (Reuters) - Wall Street was set to mirror Europe's modest advance in stocks as investors drew comfort from a high-level diplomatic attempt next week to avoid a Russian invasion of Ukraine even though shelling continued there for a second day. On the data front in Europe, British retail sales grew faster than expected in January, recovering about half the losses suffered when a wave of coronavirus cases caused many shoppers to stay at home during December. S&P 500 futures ESc1 were up 0.5% and Nasdaq futures NQc1 gained 0.7% ahead of the opening bell and a long weekend on Wall Street, with stock markets closed on Monday for Presidents Day.
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S&P 500 futures ESc1 were up 0.5% and Nasdaq futures NQc1 gained 0.7% ahead of the opening bell and a long weekend on Wall Street, with stock markets closed on Monday for Presidents Day. Worries over the pace of anticipated interest rate hikes by the Federal Reserve have largely been priced into markets for now, helping to underpin sentiment, said Seema Shah, chief strategist at Principal Global Investors. By Huw Jones LONDON, Feb 18 (Reuters) - Wall Street was set to mirror Europe's modest advance in stocks as investors drew comfort from a high-level diplomatic attempt next week to avoid a Russian invasion of Ukraine even though shelling continued there for a second day.
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By Huw Jones LONDON, Feb 18 (Reuters) - Wall Street was set to mirror Europe's modest advance in stocks as investors drew comfort from a high-level diplomatic attempt next week to avoid a Russian invasion of Ukraine even though shelling continued there for a second day. "The stock market environment is likely to remain exceptionally dependent on geopolitical and inflation developments, which could trigger significant market volatility over the next few weeks and months," analysts at UniCredit bank said. S&P 500 futures ESc1 were up 0.5% and Nasdaq futures NQc1 gained 0.7% ahead of the opening bell and a long weekend on Wall Street, with stock markets closed on Monday for Presidents Day.
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By Huw Jones LONDON, Feb 18 (Reuters) - Wall Street was set to mirror Europe's modest advance in stocks as investors drew comfort from a high-level diplomatic attempt next week to avoid a Russian invasion of Ukraine even though shelling continued there for a second day. S&P 500 futures ESc1 were up 0.5% and Nasdaq futures NQc1 gained 0.7% ahead of the opening bell and a long weekend on Wall Street, with stock markets closed on Monday for Presidents Day. The MSCI All Country stock index .MIWD00000PUS was little changed.
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721284.0
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2022-02-18 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Caterpillar Inc., Deere & Company, The Middleby Corp. and Chart Industries
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-caterpillar-inc.-deere-company-the-middleby-corp.-and
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For Immediate Release
Chicago, IL – February 18, 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: Caterpillar Inc. CAT, Deere & Company DE, The Middleby Corp. MIDD and Chart Industries GTLS.
Here are highlights from Thursday’s Analyst Blog:
3 Machinery Stocks Set to Beat Q4 Earnings Estimates
Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds.
All of these trends were highlighted in the fourth-quarter performance of Caterpillar Inc.’s, which is seen as a bellwether for the global economy. The world's largest manufacturer of heavy industrial equipment beat both earnings and revenues in the quarter under review. The metrics also improved year over year. Sales were up in all the three primary segments due to volume gains and favorable price.
However, CEO Jim Umpleby stated that had it not been for the supply chain constraints, the company’s top line would have been even stronger. Margins came in lower than expected due to higher freight costs and production inefficiencies. Material costs were higher but were within expectations.
Some manufacturing companies that are yet to report their quarterly numbers include Deere & Company, The Middleby Corp. and Chart Industries. It will be interesting to see how they fare.
Key Factors in Play in Q4
Per the Federal Reserve, total industrial production rose at an annual rate of 4% in the fourth quarter. Manufacturing output increased at an annual rate of 5%. Also, per the Institute for Supply Management’s (“ISM”) report, the Purchasing Managers Index (PMI) averaged 60.2 in the fourth quarter.
This expansion in manufacturing activity on the back of the broader economic recovery has been evident from the order growth witnessed by the machinery manufacturers in the quarter. The requirement from the U.S. residential construction sector was a significant contributor to demand for companies dabbling in construction equipment. The ongoing recovery in the non-residential construction sector also contributed to the demand.
Higher agricultural prices favored the companies making agricultural and irrigation equipment. Higher metal prices have led to miners spending more on mining equipment. Growth in demand for products across several end markets, including process automation, residential heating, ventilation and air conditioning and water treatment end markets, is likely to have been a tailwind for some companies.
However, many of the companies stated that due to the ongoing supply chain challenges and labor shortage, they could not capitalize on the elevated demand levels. Manufacturers have been witnessing tight labor availability for some positions and incurring higher labor costs to attract staff to meet the escalating demand.
COVID-19 related worker absenteeism also remains an issue. Higher costs for raw material, labor, fuel, and transport have weighed on their margins in the quarter, offsetting the gains from pricing actions and stronger volumes. Anticipation that inflationary pressure and supply chain issues will persist in the ongoing year has featured in their outlooks as well. The companies intend to implement price hikes, focus on improving productivity and efficiency, and diversify supplier bases to mitigate these impacts.
Q4 Expectations
Machinery stocks are housed under the broader Zacks Industrial Products sector. Per the latest Earnings Trend report, 88.5% of the companies in the sector (constituting nearly 83.1% of the sector’s market capitalization) have reported earnings. While 91.3% topped sales estimates, 82.6% beat on earnings.
Earnings increased 12.3% year over year on 11.2% higher revenues. Overall earnings for the Industrial Products sector are expected to rise 5.6% on a 9.7% sales increase. Margins are expected to dip 0.4%, reflecting the inflationary cost pressures.
The projected growth for the quarter reflects a deceleration from a 32.9% rise in earnings on a 14.1% increase in revenues, which was witnessed in the third quarter.
How to Pick Winners?
Given the large number of players operating in the industrial space, picking the right stocks is not an easy task. But our proprietary methodology makes it fairly simple. One can trim down the list with the combination of a favorable Zacks Rank — Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — and a positive Zacks Earnings ESP. You can uncover the best stocks to buy or sell before they report with our Earnings ESP Filter.
Earnings ESP — the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate — is our proprietary methodology for determining stocks that have high chances of delivering earnings surprises in their next announcements. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as much as 70%.
3 Machinery Stocks That Match the Criteria
Below we list three industrial stocks that have the right combination of elements to pull off an earnings surprise this time around:
Deere has an Earnings ESP of +9.75% and a Zacks Rank #3. The company is scheduled to report first-quarter 2022 results on Feb 18.
Higher agricultural commodity prices and the consequent pick-up in farm income are expected to have led to higher demand for new agricultural equipment. These factors might have favored Deere’s top-line performance. The need to replace old equipment and preference for the company’s products equipped with advanced technologies and features are also likely to have provided a boost to the to-be-reported quarter’s performance. However, supply challenges, rising raw material and logistics costs are likely to have weighed on DE’s margins.
Deere’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 33.6%. The Zacks Consensus Estimate for the quarter’s earnings is pegged at $2.28, indicating a decline of 41% from the prior-year quarter.
Deere & Company price-eps-surprise | Deere & Company Quote
Middleby is scheduled to report fourth-quarter 2021 results on Feb 22. The company has an Earnings ESP of +3.18% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Middleby surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 4.54%. The consensus estimate for fourth-quarter earnings is pegged at $2.07, which suggests growth of 27.8% from the prior-year quarter.
Strong incoming order growth across all segments and a robust backlog level are likely to get reflected in the to-be-reported quarter’s revenues. The company has been busy on the acquisition front lately to strengthen its product lines, solidify its presence across regions and expand its customer base.
These acquired assets are expected to have contributed to sales in the quarter under review. However, supply-chain restrictions (especially component parts), labor issues, high cost of raw material, and shipping delays are likely to have acted as headwinds.
The Middleby Corporation price-eps-surprise | The Middleby Corporation Quote
Chart Industries has an Earnings ESP of +16.13% and a Zacks Rank #3. It is slated to report fourth-quarter 2021 results on Feb 24.
Chart Industries surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, the average surprise being 15.4%. The consensus estimate for GTLS’ fourth-quarter earnings is pegged at 67 cents, which suggests a 47% plunge from the prior-year quarter.
GTLS is likely to have benefited from a record backlog and strong order levels that reflect the broad-based demand across its end markets. The company’s recent acquisitions and pricing actions may have provided a boost to revenues.
However, some projects have been shifted to 2022 due to order delays and supply chain complications that will lead to some revenues being pushed into 2022. Additionally, inflated costs, including material, labor, additional freight and gas increases might have hurt margins. The company has been hiring additional people and raised incentives for workers, which are expected to have led to higher labor costs.
Chart Industries, Inc. price-eps-surprise | Chart Industries, Inc. Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Caterpillar Inc. CAT, Deere & Company DE, The Middleby Corp. MIDD and Chart Industries GTLS. Here are highlights from Thursday’s Analyst Blog: 3 Machinery Stocks Set to Beat Q4 Earnings Estimates Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds. The world's largest manufacturer of heavy industrial equipment beat both earnings and revenues in the quarter under review.
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Stocks recently featured in the blog include: Caterpillar Inc. CAT, Deere & Company DE, The Middleby Corp. MIDD and Chart Industries GTLS. Deere & Company price-eps-surprise | Deere & Company Quote Middleby is scheduled to report fourth-quarter 2021 results on Feb 22. Here are highlights from Thursday’s Analyst Blog: 3 Machinery Stocks Set to Beat Q4 Earnings Estimates Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds.
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Here are highlights from Thursday’s Analyst Blog: 3 Machinery Stocks Set to Beat Q4 Earnings Estimates Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds. 3 Machinery Stocks That Match the Criteria Below we list three industrial stocks that have the right combination of elements to pull off an earnings surprise this time around: Deere has an Earnings ESP of +9.75% and a Zacks Rank #3. Stocks recently featured in the blog include: Caterpillar Inc. CAT, Deere & Company DE, The Middleby Corp. MIDD and Chart Industries GTLS.
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Some manufacturing companies that are yet to report their quarterly numbers include Deere & Company, The Middleby Corp. and Chart Industries. Stocks recently featured in the blog include: Caterpillar Inc. CAT, Deere & Company DE, The Middleby Corp. MIDD and Chart Industries GTLS. Here are highlights from Thursday’s Analyst Blog: 3 Machinery Stocks Set to Beat Q4 Earnings Estimates Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds.
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721285.0
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2022-02-18 00:00:00 UTC
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Wall St struggles for direction as Ukraine worries linger
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https://www.nasdaq.com/articles/wall-st-struggles-for-direction-as-ukraine-worries-linger
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By Susan Mathew and Devik Jain
Feb 18 (Reuters) - U.S. stocks struggled for direction on Friday, as investors kept a wary eye on building tensions in Ukraine heading into a long weekend.
Western powers warned that Russia's military build-up around Ukraine was continuing and an invasion was possible at any time, while Russian-backed separatists in eastern Ukraine said they planned to evacuate residents.
Headlines around escalating tensions between Moscow and the West over Russia's conflict with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
"These geopolitical concerns don't necessarily have a direct impact on the capital markets, but it has the ability to create uncertainty," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
"Nobody wants to go into the long weekend overly exposed."
Expiration of monthly options contracts was also seen adding to the volatility.
At 10:07 a.m. ET, the Dow Jones Industrial Average .DJI was up 62.03 points, or 0.18%, at 34,374.06, the S&P 500 .SPX was up 9.25 points, or 0.21%, at 4,389.51, and the Nasdaq Composite .IXIC was down 7.98 points, or 0.06%, at 13,708.74.
Defensive sectors rose the most, with real estate .SPLRCR leading the pack with a 0.5% rise, while technology stocks .SPLRCT fell 0.6%. O/R
There was a measure of relief among investors after U.S. Secretary of State Antony Blinken on Thursday agreed to meet Russian Foreign Minister Sergei Lavrov next week, raising hope of a diplomatic solution. MKTS/GLOB
Still, the CBOE volatility index .VIX, also known as Wall Street's fear gauge, was last up 27.92 points, well above its long-term average of 20.
JPMorgan JPM.N jumped 1.1% after it upgraded its full-year net interest income forecast.
Other big banks traded mixed as did mega-cap growth stocks, with Amazon AMZN.O down 0.4%, while Google parent Alphabet GOOGL.O rose 0.8%.
Speculations about the Federal Reserve's policy tightening plans added to the downbeat mood this week. A flurry of appearances from Fed members are scheduled on Friday. The Fed's next monetary policy decision is due in about a month's time.
"The worry is whether the pivot away from pandemic-era stimulus will squeeze economic growth and inject more turbulence across asset classes," said Christian Stocker, lead equity strategist at UniCredit Bank.
Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
DuPont DD.N climbed 2.6% after the industrial materials maker said it would sell most of its mobility and materials business for $11 billion to Celanese Corp CE.N. Shares of Celanese gained 3%.
Roku Inc ROKU.O tumbled 22.9% after the streaming platform's disappointing quarterly revenue and first-quarter outlook.
DraftKings Inc DKNG.O shed 15.2% after the sports betting company forecast a bigger-than anticipated 2022 loss.
Advancing issues outnumbered decliners by a 1.57-to-1 ratio on the NYSE and a 1.03-to-1 ratio on the Nasdaq.
The S&P index recorded four new 52-week highs and 19 new lows, while the Nasdaq recorded 10 new highs and 208 new lows.
(Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))
The views and 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 Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks struggled for direction on Friday, as investors kept a wary eye on building tensions in Ukraine heading into a long weekend. Western powers warned that Russia's military build-up around Ukraine was continuing and an invasion was possible at any time, while Russian-backed separatists in eastern Ukraine said they planned to evacuate residents. Headlines around escalating tensions between Moscow and the West over Russia's conflict with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses.
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By Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks struggled for direction on Friday, as investors kept a wary eye on building tensions in Ukraine heading into a long weekend. The S&P index recorded four new 52-week highs and 19 new lows, while the Nasdaq recorded 10 new highs and 208 new lows. (Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Anil D'Silva and Maju Samuel) ((susan.mathew@thomsonreuters.com; +91-80-6287-2704;)) The views and 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 Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks struggled for direction on Friday, as investors kept a wary eye on building tensions in Ukraine heading into a long weekend. Headlines around escalating tensions between Moscow and the West over Russia's conflict with Ukraine have rattled markets this week, putting the main indexes on track for their second straight weekly losses. Lithium producer Livent Corp LTHM.N gained 2.9% after forecasting upbeat 2022 revenue, while Deere & Co DE.N added 1% after the world's largest farm equipment maker raised its annual profit outlook.
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By Susan Mathew and Devik Jain Feb 18 (Reuters) - U.S. stocks struggled for direction on Friday, as investors kept a wary eye on building tensions in Ukraine heading into a long weekend. Other big banks traded mixed as did mega-cap growth stocks, with Amazon AMZN.O down 0.4%, while Google parent Alphabet GOOGL.O rose 0.8%. The Fed's next monetary policy decision is due in about a month's time.
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2022-02-18 00:00:00 UTC
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Deere And Co Profit Drops In Q1, but beats estimates
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https://www.nasdaq.com/articles/deere-and-co-profit-drops-in-q1-but-beats-estimates
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(RTTNews) - Deere And Co (DE) announced earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $0.90 billion, or $2.92 per share. This compares with $1.22 billion, or $3.87 per share, in last year's first quarter.
Analysts on average had expected the company to earn $2.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.0% to $9.57 billion from $9.11 billion last year.
Deere And Co earnings at a glance (GAAP) :
-Earnings (Q1): $0.90 Bln. vs. $1.22 Bln. last year. -EPS (Q1): $2.92 vs. $3.87 last year. -Analyst Estimates: $2.26 -Revenue (Q1): $9.57 Bln vs. $9.11 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) announced earnings for first quarter that decreased from last year but beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q1): $0.90 Bln.
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(RTTNews) - Deere And Co (DE) announced earnings for first quarter that decreased from last year but beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q1): $0.90 Bln.
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(RTTNews) - Deere And Co (DE) announced earnings for first quarter that decreased from last year but beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q1): $0.90 Bln.
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(RTTNews) - Deere And Co (DE) announced earnings for first quarter that decreased from last year but beat the Street estimates. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance (GAAP) : -Earnings (Q1): $0.90 Bln.
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2022-02-18 00:00:00 UTC
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Deere lifts annual profit outlook on strong farm equipment demand
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https://www.nasdaq.com/articles/deere-lifts-annual-profit-outlook-on-strong-farm-equipment-demand
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Adds details, background
Feb 18 (Reuters) - Deere & Co DE.N lifted its full-year profit forecast on Friday, as it expects solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices.
The company's results, seen as a proxy for farmers' purchasing power, have benefitted from record grain prices that have boosted farm incomes and spurred more investments in machinery.
The U.S. Department of Agriculture has estimated net farm income in the country to have risen 25% to $23.9 billion in 2021.
The Moline, Illinois-based company forecast fiscal 2022 net income between $6.7 billion to $7.1 billion, up from its prior expectation of $6.5 billion to $7.0 billion.
First-quarter net income fell to $903 million from $1.22 billion a year earlier, as costs related to supply chain and labor weighed on margins.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Ramakrishnan M.)
((Abhijith.G@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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Adds details, background Feb 18 (Reuters) - Deere & Co DE.N lifted its full-year profit forecast on Friday, as it expects solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices. The U.S. Department of Agriculture has estimated net farm income in the country to have risen 25% to $23.9 billion in 2021. The company's results, seen as a proxy for farmers' purchasing power, have benefitted from record grain prices that have boosted farm incomes and spurred more investments in machinery.
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The U.S. Department of Agriculture has estimated net farm income in the country to have risen 25% to $23.9 billion in 2021. Adds details, background Feb 18 (Reuters) - Deere & Co DE.N lifted its full-year profit forecast on Friday, as it expects solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices. The company's results, seen as a proxy for farmers' purchasing power, have benefitted from record grain prices that have boosted farm incomes and spurred more investments in machinery.
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Adds details, background Feb 18 (Reuters) - Deere & Co DE.N lifted its full-year profit forecast on Friday, as it expects solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices. The U.S. Department of Agriculture has estimated net farm income in the country to have risen 25% to $23.9 billion in 2021. The Moline, Illinois-based company forecast fiscal 2022 net income between $6.7 billion to $7.1 billion, up from its prior expectation of $6.5 billion to $7.0 billion.
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Adds details, background Feb 18 (Reuters) - Deere & Co DE.N lifted its full-year profit forecast on Friday, as it expects solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices. The U.S. Department of Agriculture has estimated net farm income in the country to have risen 25% to $23.9 billion in 2021. The company's results, seen as a proxy for farmers' purchasing power, have benefitted from record grain prices that have boosted farm incomes and spurred more investments in machinery.
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721288.0
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2022-02-18 00:00:00 UTC
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Deere And Co Q1 22 Earnings Conference Call At 10:00 AM ET
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DE
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https://www.nasdaq.com/articles/deere-and-co-q1-22-earnings-conference-call-at-10%3A00-am-et
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(RTTNews) - Deere And Co. (DE) will host a conference call at 10:00 AM ET on February 18, 2022, to discuss Q1 22 earnings results.
To access the live webcast, log on to https://investor.deere.com/home/default.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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(RTTNews) - Deere And Co. (DE) will host a conference call at 10:00 AM ET on February 18, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investor.deere.com/home/default.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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(RTTNews) - Deere And Co. (DE) will host a conference call at 10:00 AM ET on February 18, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investor.deere.com/home/default.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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(RTTNews) - Deere And Co. (DE) will host a conference call at 10:00 AM ET on February 18, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investor.deere.com/home/default.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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(RTTNews) - Deere And Co. (DE) will host a conference call at 10:00 AM ET on February 18, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investor.deere.com/home/default.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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2022-02-17 00:00:00 UTC
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Pre-Market Earnings Report for February 18, 2022 : DE, PPL, DKNG, BCPC, ARNC, ABR, B, BLMN, ASIX
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-february-18-2022-%3A-de-ppl-dkng-bcpc-arnc-abr-b-blmn-asix
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The following companies are expected to report earnings prior to market open on 02/18/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company (DE)is reporting for the quarter ending January 31, 2022. The farm machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.28. This value represents a 41.09% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.85%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DE is 17.62 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry.
PPL Corporation (PPL)is reporting for the quarter ending December 31, 2021. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.30. This value represents a 49.15% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PPL is 24.98 vs. an industry ratio of 17.00, implying that they will have a higher earnings growth than their competitors in the same industry.
DraftKings Inc. (DKNG)is reporting for the quarter ending December 31, 2021. The gaming company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.82. This value represents a 18.84% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DKNG is -6.39 vs. an industry ratio of 3.30.
Balchem Corporation (BCPC)is reporting for the quarter ending December 31, 2021. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.75. This value represents a 9.64% decrease compared to the same quarter last year. In the past year BCPC and beat the expectations the other quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BCPC is 47.76 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Arconic Corporation (ARNC)is reporting for the quarter ending December 31, 2021. The metal production company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.45. This value represents a 36.36% increase compared to the same quarter last year. The last two quarters ARNC had negative earnings surprises; the latest report they missed by -66.67%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ARNC is 34.08 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Arbor Realty Trust (ABR)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.39. This value represents a 18.75% decrease compared to the same quarter last year. ABR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -100%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABR is 9.63 vs. an industry ratio of 4.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Barnes Group, Inc. (B)is reporting for the quarter ending December 31, 2021. The machinery company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.46. This value represents a 27.78% increase compared to the same quarter last year. In the past year B has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 10%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for B is 26.14 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Bloomin' Brands, Inc. (BLMN)is reporting for the quarter ending December 31, 2021. The restaurant company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.51. This value represents a 2450.00% increase compared to the same quarter last year. In the past year BLMN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BLMN is 8.96 vs. an industry ratio of -45.70, implying that they will have a higher earnings growth than their competitors in the same industry.
AdvanSix Inc. (ASIX)is reporting for the quarter ending December 31, 2021. The chemical company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.81. This value represents a 13.83% decrease compared to the same quarter last year. In the past year ASIX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 17.97%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ASIX is 8.57 vs. an industry ratio of 19.20.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company (DE)is reporting for the quarter ending January 31, 2022. This value represents a 41.09% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for DE is 17.62 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company (DE)is reporting for the quarter ending January 31, 2022. This value represents a 41.09% decrease compared to the same quarter last year.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for DE is 17.62 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company (DE)is reporting for the quarter ending January 31, 2022. This value represents a 41.09% decrease compared to the same quarter last year.
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In the past year DE has beat the expectations every quarter. Deere & Company (DE)is reporting for the quarter ending January 31, 2022. This value represents a 41.09% decrease compared to the same quarter last year.
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daa8eeb8-3980-4ca5-9d2b-45c753cba2be
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721290.0
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2022-02-17 00:00:00 UTC
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PREVIEW-Deere & Co's profit expected to slide despite slightly higher revenue
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DE
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https://www.nasdaq.com/articles/preview-deere-cos-profit-expected-to-slide-despite-slightly-higher-revenue
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nan
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nan
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By Bianca Flowers
Feb 17 (Reuters) - Deere & Co DE.N is forecast to post a drop in quarterly profit on Friday due to challenges in its agriculture, construction and forestry equipment segments as labor and supply-chain difficulties cut in to higher revenue despite the tractor maker's optimistic outlook for 2022.
While the Moline, Illinois-based company's revenue is expected to rise to $8.18 billion in the fiscal first quarter ending Jan. 31 from $8.05 billion a year earlier, profit is forecast to taper off to $2.26 per share, down 41.4% from last year, according to Refinitiv data.
A shortage of semiconductors used in tractors, a tight labor market and supply-chain bottlenecks have led to a deficit in dealer inventories. The period includes part of a five-week-long strike by unionized workers which paused production lines and ended in November. Deere posted its highest-ever profit of $5.96 billion in fiscal year 2021 as farmers flush with cash from high commodity prices upgraded their tractors.
"We did fairly well in 2021 with what we had, and our sales numbers are up," said John Schmeiser, CEO of Western Equipment Dealers, an association that represents dealers of Deere and other manufacturers.
"Right now we're at increased costs that the end user is facing and the manufacturers' lack of ability to deliver products on time is going to have an impact on their sales."
Farmers often buy tractors after their autumn harvests, and low supply can have a substantial impact on sales. Farm tractor sales in the United States grew 1.5% in January compared with the year prior, yet combine sales were down 41.4%, according to the Association of Equipment Manufacturers.
Equipment makers' profits tend to rise in tandem with farming income. Consequently, farmers' profitability this year will be indicative of how agriculture machinery companies will fare in 2023.
"Farmers use this year's profit to buy next year's equipment," said Chad Dillard, a senior analyst at AB Bernstein. "2021 was profitable because you had very low input costs, but very high crop prices. As we roll the calendar forward on the farmers' cash flow side, the equation changes."
Deere expects bumper year as farmers splurge on equipment
Deere & Co expected to post earnings of $2.26 a share - Earnings Preview
(Reporting by Bianca Flowers in New York Editing by Caroline Stauffer and Matthew Lewis)
((Bianca.Flowers@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Bianca Flowers Feb 17 (Reuters) - Deere & Co DE.N is forecast to post a drop in quarterly profit on Friday due to challenges in its agriculture, construction and forestry equipment segments as labor and supply-chain difficulties cut in to higher revenue despite the tractor maker's optimistic outlook for 2022. Deere posted its highest-ever profit of $5.96 billion in fiscal year 2021 as farmers flush with cash from high commodity prices upgraded their tractors. Deere expects bumper year as farmers splurge on equipment Deere & Co expected to post earnings of $2.26 a share - Earnings Preview (Reporting by Bianca Flowers in New York Editing by Caroline Stauffer and Matthew Lewis) ((Bianca.Flowers@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere posted its highest-ever profit of $5.96 billion in fiscal year 2021 as farmers flush with cash from high commodity prices upgraded their tractors. Deere expects bumper year as farmers splurge on equipment Deere & Co expected to post earnings of $2.26 a share - Earnings Preview (Reporting by Bianca Flowers in New York Editing by Caroline Stauffer and Matthew Lewis) ((Bianca.Flowers@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Bianca Flowers Feb 17 (Reuters) - Deere & Co DE.N is forecast to post a drop in quarterly profit on Friday due to challenges in its agriculture, construction and forestry equipment segments as labor and supply-chain difficulties cut in to higher revenue despite the tractor maker's optimistic outlook for 2022.
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Deere posted its highest-ever profit of $5.96 billion in fiscal year 2021 as farmers flush with cash from high commodity prices upgraded their tractors. Deere expects bumper year as farmers splurge on equipment Deere & Co expected to post earnings of $2.26 a share - Earnings Preview (Reporting by Bianca Flowers in New York Editing by Caroline Stauffer and Matthew Lewis) ((Bianca.Flowers@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Bianca Flowers Feb 17 (Reuters) - Deere & Co DE.N is forecast to post a drop in quarterly profit on Friday due to challenges in its agriculture, construction and forestry equipment segments as labor and supply-chain difficulties cut in to higher revenue despite the tractor maker's optimistic outlook for 2022.
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Deere posted its highest-ever profit of $5.96 billion in fiscal year 2021 as farmers flush with cash from high commodity prices upgraded their tractors. By Bianca Flowers Feb 17 (Reuters) - Deere & Co DE.N is forecast to post a drop in quarterly profit on Friday due to challenges in its agriculture, construction and forestry equipment segments as labor and supply-chain difficulties cut in to higher revenue despite the tractor maker's optimistic outlook for 2022. A shortage of semiconductors used in tractors, a tight labor market and supply-chain bottlenecks have led to a deficit in dealer inventories.
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1d6663f2-5b85-4f1a-af48-278dfd4666ad
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721291.0
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2022-02-17 00:00:00 UTC
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3 Machinery Stocks Set to Beat Earnings Estimates in Q4
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DE
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https://www.nasdaq.com/articles/3-machinery-stocks-set-to-beat-earnings-estimates-in-q4
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nan
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nan
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Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds.
All of these trends were highlighted in the fourth-quarter performance of Caterpillar Inc.’s CAT, which is seen as a bellwether for the global economy. The world's largest manufacturer of heavy industrial equipment beat both earnings and revenues in the quarter under review. The metrics also improved year over year. Sales were up in all the three primary segments due to volume gains and favorable price. However, CEO Jim Umpleby stated that had it not been for the supply chain constraints, the company’s top line would have been even stronger. Margins came in lower than expected due to higher freight costs and production inefficiencies. Material costs were higher but were within expectations.
Some manufacturing companies that are yet to report their quarterly numbers include Deere & Company DE, The Middleby Corporation MIDD and Chart Industries GTLS. It will be interesting to see how they fare.
Key Factors at Play in Q4
Per the Federal Reserve, total industrial production rose at an annual rate of 4% in the fourth quarter. Manufacturing output increased at an annual rate of 5%. Also, per the Institute for Supply Management’s (“ISM”) report, the Purchasing Managers Index (PMI) averaged 60.2 in the fourth quarter. This expansion in manufacturing activity on the back of the broader economic recovery has been evident from the order growth witnessed by the machinery manufacturers in the quarter. The requirement from the U.S. residential construction sector was a significant contributor to demand for companies dabbling in construction equipment. The ongoing recovery in the non-residential construction sector also contributed to the demand.
Higher agricultural prices favored the companies making agricultural and irrigation equipment. Higher metal prices have led to miners spending more on mining equipment. Growth in demand for products across several end markets, including process automation, residential heating, ventilation and air conditioning and water treatment end markets, is likely to have been a tailwind for some companies.
However, many of the companies stated that due to the ongoing supply chain challenges and labor shortage, they could not capitalize on the elevated demand levels. Manufacturers have been witnessing tight labor availability for some positions and incurring higher labor costs to attract staff to meet the escalating demand. COVID-19 related worker absenteeism also remains an issue. Higher costs for raw material, labor, fuel, and transport have weighed on their margins in the quarter, offsetting the gains from pricing actions and stronger volumes. Anticipation that inflationary pressure and supply chain issues will persist in the ongoing year has featured in their outlooks as well. The companies intend to implement price hikes, focus on improving productivity and efficiency, and diversify supplier bases to mitigate these impacts.
Q4 Expectations
Machinery stocks are housed under the broader Zacks Industrial Products sector. Per the latest Earnings Trend report, 88.5% of the companies in the sector (constituting nearly 83.1% of the sector’s market capitalization) have reported earnings. While 91.3% topped sales estimates, 82.6% beat on earnings. Earnings increased 12.3% year over year on 11.2% higher revenues. Overall earnings for the Industrial Products sector are expected to rise 5.6% on a 9.7% sales increase. Margins are expected to dip 0.4%, reflecting the inflationary cost pressures.
The projected growth for the quarter reflects a deceleration from a 32.9% rise in earnings on a 14.1% increase in revenues, which was witnessed in the third quarter.
How to Pick Winners?
Given the large number of players operating in the industrial space, picking the right stocks is not an easy task. But our proprietary methodology makes it fairly simple. One can trim down the list with the combination of a favorable Zacks Rank — Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — and a positive Zacks Earnings ESP. You can uncover the best stocks to buy or sell before they report with our Earnings ESP Filter.
Earnings ESP — the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate — is our proprietary methodology for determining stocks that have high chances of delivering earnings surprises in their next announcements. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as much as 70%.
3 Machinery Stocks That Match the Criteria
Below we list three industrial stocks that have the right combination of elements to pull off an earnings surprise this time around:
Deere has an Earnings ESP of +9.75% and a Zacks Rank #3. The company is scheduled to report first-quarter 2022 results on Feb 18.
Higher agricultural commodity prices and the consequent pick-up in farm income are expected to have led to higher demand for new agricultural equipment. These factors might have favored Deere’s top-line performance. The need to replace old equipment and preference for the company’s products equipped with advanced technologies and features are also likely to have provided a boost to the to-be-reported quarter’s performance. However, supply challenges, rising raw material and logistics costs are likely to have weighed on DE’s margins.
Deere’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 33.6%. The Zacks Consensus Estimate for the quarter’s earnings is pegged at $2.28, indicating a decline of 41% from the prior-year quarter.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
Middleby is scheduled to report fourth-quarter 2021 results on Feb 22. The company has an Earnings ESP of +3.18% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Middleby surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 4.54%. The consensus estimate for fourth-quarter earnings is pegged at $2.07, which suggests growth of 27.8% from the prior-year quarter.
Strong incoming order growth across all segments and a robust backlog level are likely to get reflected in the to-be-reported quarter’s revenues. The company has been busy on the acquisition front lately to strengthen its product lines, solidify its presence across regions and expand its customer base. These acquired assets are expected to have contributed to sales in the quarter under review. However, supply-chain restrictions (especially component parts), labor issues, high cost of raw material, and shipping delays are likely to have acted as headwinds.
The Middleby Corporation Price and EPS Surprise
The Middleby Corporation price-eps-surprise | The Middleby Corporation Quote
Chart Industries has an Earnings ESP of +16.13% and a Zacks Rank #3. It is slated to report fourth-quarter 2021 results on Feb 24.
Chart Industries surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, the average surprise being 15.4%. The consensus estimate for GTLS’ fourth-quarter earnings is pegged at 67 cents, which suggests a 47% plunge from the prior-year quarter.
GTLS is likely to have benefited from a record backlog and strong order levels that reflect the broad-based demand across its end markets. The company’s recent acquisitions and pricing actions may have provided a boost to revenues. However, some projects have been shifted to 2022 due to order delays and supply chain complications that will lead to some revenues being pushed into 2022. Additionally, inflated costs, including material, labor, additional freight and gas increases might have hurt margins. The company has been hiring additional people and raised incentives for workers, which are expected to have led to higher labor costs.
Chart Industries, Inc. Price and EPS Surprise
Chart Industries, Inc. price-eps-surprise | Chart Industries, Inc. Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% 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
Caterpillar Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
The Middleby Corporation (MIDD): Free Stock Analysis Report
Chart Industries, Inc. (GTLS): 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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Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds. However, supply-chain restrictions (especially component parts), labor issues, high cost of raw material, and shipping delays are likely to have acted as headwinds. The world's largest manufacturer of heavy industrial equipment beat both earnings and revenues in the quarter under review.
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Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Middleby is scheduled to report fourth-quarter 2021 results on Feb 22. Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds. The world's largest manufacturer of heavy industrial equipment beat both earnings and revenues in the quarter under review.
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Some manufacturing companies that are yet to report their quarterly numbers include Deere & Company DE, The Middleby Corporation MIDD and Chart Industries GTLS. Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Middleby is scheduled to report fourth-quarter 2021 results on Feb 22. Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds.
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Quite a few machinery stocks have reported fourth-quarter earnings so far, and the recurring highlights across the players have been strong demand in end markets, inflationary pressures and supply chain headwinds. Deere’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 33.6%. The world's largest manufacturer of heavy industrial equipment beat both earnings and revenues in the quarter under review.
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71afbdfd-142d-4a38-a528-f5654a3f437f
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721292.0
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2022-02-17 00:00:00 UTC
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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
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https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-15
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several 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 includes access to the Zacks Style Scores as well.
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
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Deere (DE)
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. It is the 81st-largest company in the S&P 500 Index with a market capitalization of around $116 billion. It has an advantage in most farm machinery categories as its machines come with advanced features and are better constructed than its competitors. Deere is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology, in an effort to make farming automated, easier and more precise across the production process.
DE is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Industrial Products stock. DE has a Momentum Style Score of B, and shares are up 3.9% over the past four weeks.
For fiscal 2022, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased -$0.01 to $22.17 per share. DE boasts an average earnings surprise of 33.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DE should be on investors' short list.
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 +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Zacks Premium includes access to the Zacks Style Scores as well. 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.
|
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. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Zacks Premium includes access to the Zacks Style Scores as well.
|
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, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Zacks Premium includes access to the Zacks Style Scores as well. 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.
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9d60b0ef-9db0-4d4a-8590-1b5d0c0f6d1e
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721293.0
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2022-02-17 00:00:00 UTC
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3 Reasons Why Deere & Company Will Continue to Grow
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DE
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https://www.nasdaq.com/articles/3-reasons-why-deere-company-will-continue-to-grow
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nan
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nan
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A tight labor market and supply chain issues are impacting companies across industries ranging from automotive, and high-tech -- to farming. Where those industries cross paths we have heavy equipment manufacturers like Deere & Company (NYSE: DE), providing machinery for farmers, construction companies, and residential consumers. In order to alleviate some of the challenges being faced, Deere has come up with answers that should pave the way for the company to continue its growth while helping its customers to continue producing at high levels in a high-tech manner.
Image source: Getty Images.
Year-over-year sales growth
In November, its earnings report crushed expectations in terms of sales and net income for the fourth quarter and full year. Thanks to strong demand in farming and infrastructure and a booming housing market, global revenue increased 16% year over year for the quarter and rose by 24% -- to $44 billion -- for the full year, resulting in the company's highest net income ever, and making it a very appealing agriculture stock to own for long-term investors.
Against the headwinds of supply chain issues and inflation, Deere offset the rising cost of materials and inflationary pressures by passing higher costs on to customers through 7%-to-8% price hikes compared to the year earlier. That trend is expected to continue into 2022 as the strong demand that drove 2021 revenue is expected to last throughout this year.
The company also withstood a workers strike in November, reaching an agreement that will cost the company an estimated $3.5 billion over the next six years. But Deere's order books for 2022 are nearly full due to demand for crop care, combine equipment, and large tractors, so the company has kept a good outlook for fiscal 2022. Management said that it doesn't believe supply chain disruptions and higher labor costs will have an impact on profits. The company anticipates full-year net income of $6.5 billion to $7 billion, continuing on its record-setting pace.
A driverless tractor could extend a growth streak
Helping support Deere's strong income is growing demand for its Precision Ag automation software package used by farmers for planning, navigation, documentation, analysis, and monitoring to optimize operations. Just like we're seeing artificial intelligence (AI) and automation play its role in other markets such as healthcare, gaming and entertainment, and automobiles, AI plays a huge role in industrial equipment control and monitoring, making Deere's stock an underrated AI pick. Deere is anticipating 20% to 25% growth in sales for Precision Ag in fiscal 2022. And if market projections are accurate, the company could benefit for at least another six years, during which the precision farming software market is expected to grow at a compound annual growth rate of 13%.
But technology advancements don't stop there for Deere. In January it unveiled a new autonomous tractor that is ready for large-scale production aimed at saving farmers time and relieving the stress of a tight labor market. The tractor is armed with 360-degree obstacle detection while navigating with accuracy, and can be easily controlled and monitored through an app installed on a mobile device with live video, images, data, and metrics. The tractor should be available to customers this year, and it may not be the only one featuring advanced technology.
Collaborating on the future
Deere's 2022 Startup Collaborator Program includes seven start-up companies working with Deere to develop solutions to advance automated farming capabilities. The companies in the program include Burro and Four Growers, which specialize in robotic platforms that lay the foundation for automation of harvesting and labor-intensive on-farm tasks, as well as SeeDevice and View AR, which specialize in image sensing and augmented reality systems, respectively.
The benefit to Deere by having these companies in the program is twofold. First, it allows Deere to have firsthand knowledge and access to technologies helping shape the future landscape of farming. Second, it provides Deere with a nurtured relationship with companies that may develop the next revolutionary device or solution, giving Deere a potential first opportunity for partnering or acquisition. Both of these benefits could provide an advantage to Deere over its competition from a technological perspective, and in generating future revenue for the company.
Are fields of gold on the horizon?
After languishing in a price range between $108 and $138 for three years, Deere's stock price has been on a tear for the past two years, hitting $400 this month after a 184% gain since March 2020. The development of an automated tractor ready for production this year has led Baird analyst Mig Dobre to refer to Deere as "the Tesla of farming," noting that upgrade cycles will eventually apply, and that the company will likely spread the technology across other vehicles within its fleet. And we all know what's happened with Tesla stock over the past two years -- it's up 770%. Dobre has a 12-month price target of $475 for Deere stock.
So, is it too late to invest in Deere? I look at it this way: Deere is hitting on all cylinders. Demand and pricing are supporting current growth, while technological advancements and projected market growth should support new revenue. And if a revolutionary development were to come out of the collaboration program it could be game-changing. Plus, Deere's stock price carries a 20.6 P/E ratio, in a U.S. machinery industry with a P/E of 27, and a three-year average of 24. I'd say these are all good reasons to believe Deere will continue to grow, and the stock has more room to run for long-term investors.
10 stocks we like better than Deere & Company
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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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A driverless tractor could extend a growth streak Helping support Deere's strong income is growing demand for its Precision Ag automation software package used by farmers for planning, navigation, documentation, analysis, and monitoring to optimize operations. The tractor is armed with 360-degree obstacle detection while navigating with accuracy, and can be easily controlled and monitored through an app installed on a mobile device with live video, images, data, and metrics. The development of an automated tractor ready for production this year has led Baird analyst Mig Dobre to refer to Deere as "the Tesla of farming," noting that upgrade cycles will eventually apply, and that the company will likely spread the technology across other vehicles within its fleet.
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A driverless tractor could extend a growth streak Helping support Deere's strong income is growing demand for its Precision Ag automation software package used by farmers for planning, navigation, documentation, analysis, and monitoring to optimize operations. Collaborating on the future Deere's 2022 Startup Collaborator Program includes seven start-up companies working with Deere to develop solutions to advance automated farming capabilities. Where those industries cross paths we have heavy equipment manufacturers like Deere & Company (NYSE: DE), providing machinery for farmers, construction companies, and residential consumers.
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Thanks to strong demand in farming and infrastructure and a booming housing market, global revenue increased 16% year over year for the quarter and rose by 24% -- to $44 billion -- for the full year, resulting in the company's highest net income ever, and making it a very appealing agriculture stock to own for long-term investors. Collaborating on the future Deere's 2022 Startup Collaborator Program includes seven start-up companies working with Deere to develop solutions to advance automated farming capabilities. The development of an automated tractor ready for production this year has led Baird analyst Mig Dobre to refer to Deere as "the Tesla of farming," noting that upgrade cycles will eventually apply, and that the company will likely spread the technology across other vehicles within its fleet.
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Thanks to strong demand in farming and infrastructure and a booming housing market, global revenue increased 16% year over year for the quarter and rose by 24% -- to $44 billion -- for the full year, resulting in the company's highest net income ever, and making it a very appealing agriculture stock to own for long-term investors. Collaborating on the future Deere's 2022 Startup Collaborator Program includes seven start-up companies working with Deere to develop solutions to advance automated farming capabilities. After languishing in a price range between $108 and $138 for three years, Deere's stock price has been on a tear for the past two years, hitting $400 this month after a 184% gain since March 2020.
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f619bf79-b246-4075-958e-e66fa1633926
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2022-02-17 00:00:00 UTC
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Will Deere Stock See Higher Levels Following Its Q1 Results?
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https://www.nasdaq.com/articles/will-deere-stock-see-higher-levels-following-its-q1-results
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nan
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Deere & Company (NYSE: DE) is scheduled to report its fiscal first-quarter results on Friday, Feb 18. We expect Deere to post revenues and earnings below the consensus estimates. While a gradual opening up of the economies with a rise in vaccination rates has resulted in a sharp rebound in overall equipment demand over the recent quarters, the wide spread of Omicron and higher raw material costs, and supply chain headwinds, likely weighed on the overall growth for Deere.
That said, our forecast indicates that Deere’s valuation is $434 per share, which is around 11% above the current market price of $391. Our interactive dashboard analysis of Deere’s Earnings Preview has additional details.
(1) Revenues expected to be below the consensus estimate
Trefis estimates Deere’s Q1 fiscal 2022 total revenues to be around $8.3 billion, slightly below the consensus estimate of $8.4 billion.
The company saw a strong rebound in demand for construction and agriculture equipment over the last few quarters, a trend that likely got disrupted with the Omicron spread and an inflationary environment over the latest quarter.
Furthermore, low inventory levels, loss of a few weeks of production, and tough price comparison to the prior-year quarter may impact the overall growth.
In its previous quarterearnings conference call the company’s management stated that it expects the equipment revenue to be similar to the levels of $8.1 billion seen in Q1FY21.
Looking at the last quarter, Deere’s equipment revenue rose 19% to $10.3 billion, as the company continued to see an increase in spending on agricultural equipment as well as a rebound in construction equipment demand.
Diving into segments, construction and forestry sales were up 14% y-o-y, while agriculture-related equipment sales were up 21%. Our dashboard on Deere Revenues provides more details on segment-wise revenue breakup.
(2) EPS likely to be below the consensus estimates
Deere’s Q1 fiscal 2022 earnings per share (EPS) is expected to be $2.20 per Trefis analysis, marginally below the consensus estimate of $2.23.
Deere’s net income of $1.3 billion in Q4 reflected a large 69% growth from its $757 million profit in the prior-year quarter, led by higher sales and a 150 bps rise in operating margin.
While Deere saw a higher price realization over the recent quarters, aiding the overall margins, Q1 may see some pressure on margins, given a tough comparison to the prior-year quarter, which benefited from favorable tax items, and due to the inflationary headwinds.
Looking at the full fiscal 2022, we expect EPS to be $22.30, compared to $18.99 seen in fiscal 2021.
(3) DE stock has more room for growth
We estimate Deere Valuation to be $434 per share, reflecting an 11% upside from its current market price of $391.
This represents a P/EBITDA multiple of 13x based on Deere’s EBITDA for the last twelve months.
While there is an upside potential of around 11%, investors are likely to be better off waiting for Q1 results. If Deere posts downbeat results, as we anticipate, DE stock may trade lower, giving a better buying opportunity for investors looking for long-term gains.
While DE stock is likely to trade lower in the near term, our analysis on Deere vs. Thermo Fisher Scientific finds TMO, with a similar revenue base, to be a better bet. Check out how Deere’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Feb 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
DE Return 4% 14% 279%
S&P 500 Return -2% -7% 97%
Trefis MS Portfolio Return 1% -9% 258%
[1] Month-to-date and year-to-date as of 2/15/2022
[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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While a gradual opening up of the economies with a rise in vaccination rates has resulted in a sharp rebound in overall equipment demand over the recent quarters, the wide spread of Omicron and higher raw material costs, and supply chain headwinds, likely weighed on the overall growth for Deere. Deere’s net income of $1.3 billion in Q4 reflected a large 69% growth from its $757 million profit in the prior-year quarter, led by higher sales and a 150 bps rise in operating margin. While DE stock is likely to trade lower in the near term, our analysis on Deere vs. Thermo Fisher Scientific finds TMO, with a similar revenue base, to be a better bet.
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(1) Revenues expected to be below the consensus estimate Trefis estimates Deere’s Q1 fiscal 2022 total revenues to be around $8.3 billion, slightly below the consensus estimate of $8.4 billion. (2) EPS likely to be below the consensus estimates Deere’s Q1 fiscal 2022 earnings per share (EPS) is expected to be $2.20 per Trefis analysis, marginally below the consensus estimate of $2.23. (3) DE stock has more room for growth We estimate Deere Valuation to be $434 per share, reflecting an 11% upside from its current market price of $391.
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(1) Revenues expected to be below the consensus estimate Trefis estimates Deere’s Q1 fiscal 2022 total revenues to be around $8.3 billion, slightly below the consensus estimate of $8.4 billion. (2) EPS likely to be below the consensus estimates Deere’s Q1 fiscal 2022 earnings per share (EPS) is expected to be $2.20 per Trefis analysis, marginally below the consensus estimate of $2.23. Total [2] DE Return 4% 14% 279% S&P 500 Return -2% -7% 97% Trefis MS Portfolio Return 1% -9% 258% [1] Month-to-date and year-to-date as of 2/15/2022 [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 expected to be below the consensus estimate Trefis estimates Deere’s Q1 fiscal 2022 total revenues to be around $8.3 billion, slightly below the consensus estimate of $8.4 billion. (3) DE stock has more room for growth We estimate Deere Valuation to be $434 per share, reflecting an 11% upside from its current market price of $391. Total [2] DE Return 4% 14% 279% S&P 500 Return -2% -7% 97% Trefis MS Portfolio Return 1% -9% 258% [1] Month-to-date and year-to-date as of 2/15/2022 [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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721295.0
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2022-02-17 00:00:00 UTC
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Should You Buy Deere & Company (DE) Ahead of Earnings?
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https://www.nasdaq.com/articles/should-you-buy-deere-company-de-ahead-of-earnings
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company DE may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deere & Company is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.50 per share for DE, compared to a broader Zacks Consensus Estimate of $2.28 per share. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +9.75% heading into earnings season.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company and that a beat might be in the cards for the upcoming report.
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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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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for DE in this report. Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company and that a beat might be in the cards for the upcoming report.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +9.75% heading into earnings season. Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote Why is this Important? Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company and that a beat might be in the cards for the upcoming report.
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company DE may be one such company. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +9.75% heading into earnings season. That is because Deere & Company is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +9.75% heading into earnings season. Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company DE may be one such company.
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e2a8c672-f926-469c-84ba-24f5a6736dc8
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721296.0
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2022-02-15 00:00:00 UTC
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Deere (DE) to Report Q1 Earnings: Is A Beat in the Cards?
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https://www.nasdaq.com/articles/deere-de-to-report-q1-earnings%3A-is-a-beat-in-the-cards
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Deere & Company DE is scheduled to report first-quarter fiscal 2022 results on Feb 18, before the opening bell.
Which Way are the Estimates Trending?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $2.28 for the fiscal first quarter, suggesting a decline of 41% year over year. The Zacks Consensus Estimate for total revenues is pinned at $8.09 billion for the period, calling for a year-over-year improvement of 0.52%. Earnings estimates for the fiscal first quarter have moved up in the past 30 days.
Q4 Results
In the last reported quarter, Deere’s earnings and sales increased year over year. The bottom line surpassed the Zacks Consensus Estimate, but the top line missed the same. The company has a trailing four-quarter earnings surprise of 33.5%, on average.
Let’s see how things have shaped up prior to this announcement.
Deere & Company Price and EPS Surprise
Deere & Company price-eps-surprise | Deere & Company Quote
What Does Our Model Indicates?
Our proven model conclusively predicts 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.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Deere is +9.75%.
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
Higher agricultural commodity prices and pick-up in farm income have prompted farmers to boost spending on new agricultural equipment and replace the age-old ones. Apart from this, the preference for Deere’s products for their advanced technologies and features will likely reflect on fiscal first-quarter revenues. Robust order book driven by strong production and upbeat commodity prices is likely to have contributed to Deere’s performance during the quarter.
Cost management and benefits from footprint assessment are likely to have boosted the company’s margin in the to-be-reported quarter. However, rising raw material and logistics costs as well as uncertainties regarding the COVID-19 pandemic might have affected quarterly performance.
The Construction & Forestry segment sales are expected to have benefited from strong demand for farm and construction equipment, continued strength in the housing market and increased activity in the oil and gas sector during the fiscal first quarter. Demand for earthmoving and compact construction equipment, particularly in North America, remains strong. Robust lumber demand is anticipated to have aided forestry sales during the quarter under review.
Price Performance
Deere’s shares have gained 23.5% in the past year compared with the industry’s growth of 19.6%.
Image Source: Zacks Investment Research
Stocks Worth a Look
Here are other stocks worth considering as these have the right combination of elements to post an earnings beat this quarter.
Sealed Air Corporation SEE currently has an Earnings ESP of +1.43% and a Zacks Rank of 2. The Zacks Consensus Estimate for fourth-quarter 2021 earnings has been stable in the past 30 days and is currently pegged at $1.14 per share. This suggests year-over-year growth of 28%.
The Zacks Consensus Estimate for quarterly revenues is pegged at $1.5 billion, indicating an increase of 11.5% from the prior-year quarter’s levels. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average.
The Middleby Corporation MIDD currently has an Earnings ESP of +3.18% and a Zacks Rank of 2. The Zacks Consensus Estimate for fourth-quarter 2021 earnings is currently pegged at $2.07 per share, suggesting 27.8% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $853 million, highlighting year-over-year growth of 16.9%. Middleby has a trailing four-quarter earnings surprise of 4.54%, on average.
MSC Industrial Direct Co., Inc. MSM currently has an Earnings ESP of +1.45% and a Zacks Rank #3. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings have undergone upward revisions in the past 30 days and is currently pegged at $1.24 per share. This suggests year-over-year growth of 20.4%.
The Zacks Consensus Estimate for MSC Industrial’s quarterly revenues is pegged at $861 million, indicating year-over-year growth of 11.2%. MSM has a trailing four-quarter earnings surprise of 2.9%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Deere & Company (DE): Free Stock Analysis Report
Sealed Air Corporation (SEE): Free Stock Analysis Report
MSC Industrial Direct Company, Inc. (MSM): Free Stock Analysis Report
The Middleby Corporation (MIDD): Free Stock Analysis Report
To read this article on Zacks.com 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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Robust order book driven by strong production and upbeat commodity prices is likely to have contributed to Deere’s performance during the quarter. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings have undergone upward revisions in the past 30 days and is currently pegged at $1.24 per share. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Deere & Company (DE): Free Stock Analysis Report Deere & Company DE is scheduled to report first-quarter fiscal 2022 results on Feb 18, before the opening bell. The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $2.28 for the fiscal first quarter, suggesting a decline of 41% year over year.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $2.28 for the fiscal first quarter, suggesting a decline of 41% year over year. Image Source: Zacks Investment Research Stocks Worth a Look Here are other stocks worth considering as these have the right combination of elements to post an earnings beat this quarter. Deere & Company DE is scheduled to report first-quarter fiscal 2022 results on Feb 18, before the opening bell.
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The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $2.28 for the fiscal first quarter, suggesting a decline of 41% year over year. Q4 Results In the last reported quarter, Deere’s earnings and sales increased year over year. Deere & Company Price and EPS Surprise Deere & Company price-eps-surprise | Deere & Company Quote What Does Our Model Indicates?
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2022-02-14 00:00:00 UTC
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Top Analyst Reports for Alphabet, Texas Instruments & Linde
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https://www.nasdaq.com/articles/top-analyst-reports-for-alphabet-texas-instruments-linde
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Monday, February 14, 2022
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Texas Instruments Inc. (TXN), and Linde plc (LIN). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Alphabet have outperformed the S&P 500 over the past year (+28.2% vs. +13.7%). The Zacks analyst believes that Alphabet’s dominant search market, an expanding cloud footprint and strengthening presence in the smart home market are the major catalysts for growth.
Solid momentum across search, advertising, cloud and YouTube businesses have also been supporting revenues. Major updates in its search segment are enhancing the search results and Google’s mobile search is constantly gaining solid traction. Focus on artificial intelligence and the home automation space is likely to business growth in the long term. Growing litigation issues remain a concern for Alphabet, though.
(You can read the full research report on Alphabet here >>>)
Texas Instruments shares have lost -12.3% in the past six months against the Zacks General Semiconductor industry’s rise of +6.3%, although things seem to be improving. The Zacks analyst believes that Texas Instruments continues to benefit from strong demand across high-margin auto and industrial verticals.
Solid investments in new growth avenues remain a tailwind. TXN’s portfolio of long-lived products and efficient manufacturing strategies are other positives. Steadily rising demand for electronic components has also been supporting revenues. Pandemic-related uncertainties continue to stress margins, though.
(You can read the full research report on Texas Instruments here >>>)
Shares of Linde have lost -11.5% in the last three months against the Zacks Oil and Gas Field Services industry’s gain of +0.5%. Increasing cost of sales have been hurting the Linde’s bottom line. LIN has also been paying a lower dividend yield than the industry over the past two years.
The Zacks analyst, however, believes that with improving industrial productions worldwide, Linde is set to gain from recovering industrial gas demand. LIN recently reported strong fourth-quarter results owing to increased prices and volumes from electronics, energy and chemicals end markets.
(You can read the full research report on Linde here >>>)
Other noteworthy reports we are featuring today include Deere & Co. (DE), The TJX Companies, Inc. (TJX) and MetLife, Inc. (MET).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Alphabet (GOOGL) Benefits From Cloud & Search Initiatives
Automotive & Industrial Growth Aids Texas Instruments (TXN)
Linde (LIN) Banks on its Secured Project Backlog of $13B
Featured Reports
Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs
Per the Zacks analyst, Deere will gain from increased farm equipment demand driven by higher commodity prices despite escalating material and logistic costs.
The TJX Companies (TJX) Gains on Solid HomeGoods Category
Per the Zacks analyst, The TJX Companies is gaining on solid HomeGoods unit. During fiscal third-quarter open-only comp-store sales rose 34% in the HomeGoods (U.S.) unit from fiscal 2020's level.
MetLife's (MET) Cost-Cut Efforts & Strategic Buyouts Aid
Per the Zacks analyst, MetLife's cost-control measures are driving margins, while acquisitions are expanding its portfolio.
International Growth Aids Walgreens (WBA) Amid Margin Woes
The Zacks analyst is impressed with Walgreens' strong growth in the International segment aided by the company's joint venture in Germany.
Cost Management & High Margin Assets Aid Devon Energy (DVN)
Per the Zacks analyst, Devon's strong production from high margins assets and efficient cost management will drive its performance over the long run.
Robust Digital Sales Aid Yum! Brands (YUM), Debt High
Per the Zacks analyst, Yum! Brands benefit from robust digitalization. During fourth-quarter 2021, the company reported digital sales of over $6 billion.
Dividends & Buybacks Save Old Dominion (ODFL), Costs Sting
The Zacks analyst is impressed with the company's efforts to reward its shareholders. Escalated operating costs are, however, concerning.
New Upgrades
Strong Demand Levels & Investment to Drive AGCO (AGCO)
The Zacks analyst expects AGCO to gain from improving global farm equipment demand and focus on investments in precision farming technology, product innovations, smart-farming solutions.
Pilgrim's Pride (PPC) Gains From Robust U.S. Operations
Per the Zacks analyst, Pilgrim's Pride is gaining from higher sales in U.S. Operations for a while. During the fourth-quarter sales in the region surged 27.9% year over year.
Puma Biotech's Nerlynx Drives Growth, Lacks Strong Pipeline
While Puma Biotech's sole marketed drug, Nerlynx, holds potential, the Zacks analyst feels concerned since the company lacks any other strong candidates in its pipeline.
New Downgrades
Margin Pressure and Concentration Risk Hurt BNY Mellon (BK)
Per the Zacks analyst, BNY Mellon's concentration risk arising from significant dependence on fee-based revenues and margin pressure are concerns.
High Costs Hurt Moelis & Company (MC), Global Reach to Aid
Per the Zacks analyst, steadily rising operating expenses as Moelis & Company continues with its hiring spree is worrisome. However, global footprints and solid M&A activities offer some support.
Billing Inconsistencies, Debt Burden Deter Bandwidth (BAND)
Per the Zacks analyst, Bandwidth is likely to be weighed down by high debt burden and billing inconsistencies in the complex pricing and billing systems that are mostly developed by third parties.
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Texas Instruments Incorporated (TXN): Free Stock Analysis Report
The TJX Companies, Inc. (TJX): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
MetLife, Inc. (MET): Free Stock Analysis Report
Linde plc (LIN): Free Stock Analysis Report
Alphabet Inc. (GOOGL): 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 Texas Instruments here >>>) Shares of Linde have lost -11.5% in the last three months against the Zacks Oil and Gas Field Services industry’s gain of +0.5%. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Alphabet (GOOGL) Benefits From Cloud & Search Initiatives Automotive & Industrial Growth Aids Texas Instruments (TXN) Linde (LIN) Banks on its Secured Project Backlog of $13B Featured Reports Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Per the Zacks analyst, Deere will gain from increased farm equipment demand driven by higher commodity prices despite escalating material and logistic costs. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Texas Instruments Inc. (TXN), and Linde plc (LIN).
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Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Texas Instruments Inc. (TXN), and Linde plc (LIN). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Alphabet (GOOGL) Benefits From Cloud & Search Initiatives Automotive & Industrial Growth Aids Texas Instruments (TXN) Linde (LIN) Banks on its Secured Project Backlog of $13B Featured Reports Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Per the Zacks analyst, Deere will gain from increased farm equipment demand driven by higher commodity prices despite escalating material and logistic costs. Cost Management & High Margin Assets Aid Devon Energy (DVN) Per the Zacks analyst, Devon's strong production from high margins assets and efficient cost management will drive its performance over the long run.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Alphabet (GOOGL) Benefits From Cloud & Search Initiatives Automotive & Industrial Growth Aids Texas Instruments (TXN) Linde (LIN) Banks on its Secured Project Backlog of $13B Featured Reports Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Per the Zacks analyst, Deere will gain from increased farm equipment demand driven by higher commodity prices despite escalating material and logistic costs. Cost Management & High Margin Assets Aid Devon Energy (DVN) Per the Zacks analyst, Devon's strong production from high margins assets and efficient cost management will drive its performance over the long run. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Texas Instruments Inc. (TXN), and Linde plc (LIN).
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Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Texas Instruments Inc. (TXN), and Linde plc (LIN). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Alphabet (GOOGL) Benefits From Cloud & Search Initiatives Automotive & Industrial Growth Aids Texas Instruments (TXN) Linde (LIN) Banks on its Secured Project Backlog of $13B Featured Reports Deere (DE) Rides on Farm Equipment Demand Amid Higher Costs Per the Zacks analyst, Deere will gain from increased farm equipment demand driven by higher commodity prices despite escalating material and logistic costs. The Zacks analyst believes that Texas Instruments continues to benefit from strong demand across high-margin auto and industrial verticals.
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2022-02-14 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Deere & Co., Titan International Inc. and AGCO Corp
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-deere-co.-titan-international-inc.-and-agco
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For Immediate Release
Chicago, IL – February 14, 2022 – Today, Zacks Investment Ideas features: Deere & Co. DE, Titan International Inc. TWI and AGCO Corp. AGCO.
3 Zacks Ranked 'Buy' Stocks Leading the Pack in February
It’s been a rocky start for 2022, as the market pulled back substantially in January and now threatens to retest the lows of that move as we enter the latter half of February. Thursday’s price action was swift as the market opened sharply lower, pared those losses in the early afternoon, only to finish near where it started the day.
The University of Michigan’s preliminary Consumer Sentiment Index reading is due out at 10am this morning. Sentiment is likely to remain subdued this month as consumers continue to feel the effects of higher inflation and lingering supply chain shortages. Estimates are calling for a reading of 67.0, down from 67.2 from the prior reading.
As we attempt to navigate a volatile and uncertain market, investors may be tempted to pull the trigger and buy some beaten down names as they appear ‘cheap’. The problem with this approach is that cheap stocks are normally trading cheaply for a reason, and they will likely become cheaper before potentially staging a turnaround. A much more prudent approach involves identifying stocks that are leading in the current market environment and waiting for proper entry points to present themselves.
On that note, we’re going to analyze three stocks that are all ranked a Zacks #2 Buy or better and have held up well through the recent volatility. All three stocks are components of the Zacks Industrial Products sector, which currently ranks in the top 44% of all Zacks Ranked Sectors. Digging a bit deeper, these companies are contained within the Zacks Manufacturing – Farm Equipment industry group, which ranks in the top 29% of all Zacks Ranked Industries.
It's no secret that investing in stocks located within the top sectors and industries can provide a boost to portfolio returns. This phenomenon has been well-researched and documented, illustrating that about half of a stock’s future price appreciation is due to its industry grouping. Our own proprietary study has shown that stocks contained within the top 50% of Zacks Ranked Industries outperformed the bottom 50% by a factor of more than 2 to 1.
To that end, let’s delve into three stocks that sport this favorable sector and industry combination.
Deere & Co.
Deere & Co. is an American manufacturer of construction, agricultural, engine, forestry, and lawn care equipment. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The company is well-known for its tractors, mowing equipment, excavators, milling machines, and sports turf care applications. Deere was founded in 1837 and is headquartered in Moline, IL.
DE is benefitting from technological advances and agricultural mechanization, which are expanding existing markets and creating new ones for the company to thrive in. Deere expects net income for the current fiscal year to lie in the range of $6.5-7 billion on improvements in farming and construction. As commodity prices continue to soar, farmers will fuel demand for the company’s agricultural equipment. The company’s revenue trends are impressive, and sales are expected to climb 18.21% this year to $46.97 billion.
DE is the 78th largest company in the S&P 500, sporting a $121.17 billion dollar market capitalization. Earnings surprises are a bright spot for the machinery manufacturer, as DE has beaten estimates in each quarter for the past two years. The company most recently reported Q4 EPS of $4.12, delivering a +7.85% surprise over the $3.82 consensus estimate. During the past four quarters, DE has posted an average earnings surprise of +33.57%. Shares have risen in stride, advancing nearly 27% in the past year.
What the Zacks Model Unveils
The Zacks Earnings ESP (Expected Surprise Prediction) seeks to find companies that have recently seen positive earnings estimate revision activity. This more recent information can be a better predictor of the future and give investors a leg up during earnings season. In fact, when combining Zacks Rank #3 or better with a positive Earnings ESP, stocks produced a positive earnings surprise 70% of the time according to our 10-year backtest.
DE is a Zacks Rank #2 (Buy) and boasts an impressive +17.33% Earnings ESP. Another beat may be in the cards when the company reports next week on February 18th.
Analysts are expecting growth to continue in 2022 and beyond. The Zacks Consensus Estimate for 2022 EPS is $22.21, translating to growth of 16.96% relative to last year.
Titan International, Inc.
Titan International is a global manufacturer of wheels, tires, and undercarriage systems and components for off-highway vehicles. The company operates in North America, Europe, Latin America, the Middle East, Africa, and Russia. TWI offers components for agricultural equipment including tractors, skidders, plows, and irrigation equipment. Titan International was founded in 1890 and is based in Quincy, IL.
A Zacks #2 (Buy) stock, TWI has surpassed earnings estimates in each of the past six quarters. The company has delivered a trailing four-quarter average earnings beat of +32.09%, supporting the stock’s 42.65% advance in the past year. Despite the firm’s remarkable performance, TWI trades at just an 11.41 forward P/E. The manufacturer is relatively undervalued when compared to its industry average (16.55).
For the most recent quarter, analysts are anticipating EPS of $0.17, which would represent growth of 270% versus Q4 2020. TWI is scheduled to report earnings on March 3rd. Analysts have increased their 2022 EPS estimates by 13.25% in the past 60 days. The Zacks Consensus Estimate now stands at $0.94 – an implied 48.41% growth rate compared to last year.
AGCO Corp.
AGCO Corp. is a global manufacturer and distributor of agricultural equipment and related replacement parts. The company offers tractors, loader wagons, spreaders, mowers, ventilation and watering systems, and field cultivators. AGCO markets its products under the Challenger, Fendt, Massy Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO was founded in 1990 and is based in Duluth, GA.
AGCO is a Zacks Rank #1 (Strong Buy) and has exceeded earnings estimates in each of the past eight quarters. The company most recently reported Q4 EPS earlier this month of $3.08, a +79.07% surprise over the $1.72 consensus. AGCO is averaging a positive surprise of 56.65% during the past four quarters. The stock is up better than 12% this year.
AGCO expects earnings growth to continue in the current year on robust end-market demand and strong farm prospects. The company is relatively undervalued, trading at an 11.35 forward P/E which is substantially lower than the industry average (16.55).
Analysts covering AGCO have upped their 2022 EPS estimates by 10.59% in the past 60 days. The ’22 Zacks Consensus Estimate is now $11.49, reflecting growth of 10.69% versus last year. The picture looks even brighter for 2023, with analysts anticipating EPS growth of 22.72% to $14.10.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
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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A much more prudent approach involves identifying stocks that are leading in the current market environment and waiting for proper entry points to present themselves. For Immediate Release Chicago, IL – February 14, 2022 – Today, Zacks Investment Ideas features: Deere & Co. DE, Titan International Inc. TWI and AGCO Corp. AGCO. The University of Michigan’s preliminary Consumer Sentiment Index reading is due out at 10am this morning.
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For Immediate Release Chicago, IL – February 14, 2022 – Today, Zacks Investment Ideas features: Deere & Co. DE, Titan International Inc. TWI and AGCO Corp. AGCO. Digging a bit deeper, these companies are contained within the Zacks Manufacturing – Farm Equipment industry group, which ranks in the top 29% of all Zacks Ranked Industries. The University of Michigan’s preliminary Consumer Sentiment Index reading is due out at 10am this morning.
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Digging a bit deeper, these companies are contained within the Zacks Manufacturing – Farm Equipment industry group, which ranks in the top 29% of all Zacks Ranked Industries. What the Zacks Model Unveils The Zacks Earnings ESP (Expected Surprise Prediction) seeks to find companies that have recently seen positive earnings estimate revision activity. For Immediate Release Chicago, IL – February 14, 2022 – Today, Zacks Investment Ideas features: Deere & Co. DE, Titan International Inc. TWI and AGCO Corp. AGCO.
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For Immediate Release Chicago, IL – February 14, 2022 – Today, Zacks Investment Ideas features: Deere & Co. DE, Titan International Inc. TWI and AGCO Corp. AGCO. Digging a bit deeper, these companies are contained within the Zacks Manufacturing – Farm Equipment industry group, which ranks in the top 29% of all Zacks Ranked Industries. The University of Michigan’s preliminary Consumer Sentiment Index reading is due out at 10am this morning.
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2022-02-11 00:00:00 UTC
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Deere (DE) Expected to Beat Earnings Estimates: Should You Buy?
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DE
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https://www.nasdaq.com/articles/deere-de-expected-to-beat-earnings-estimates%3A-should-you-buy
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nan
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nan
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The market expects Deere (DE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on February 18, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This agricultural equipment manufacturer is expected to post quarterly earnings of $2.22 per share in its upcoming report, which represents a year-over-year change of -42.6%.
Revenues are expected to be $8.09 billion, up 0.5% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.67% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. 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 higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +17.33%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Deere will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Deere would post earnings of $3.82 per share when it actually produced earnings of $4.12, delivering a surprise of +7.85%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Deere appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. The market expects Deere (DE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2022.
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Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The market expects Deere (DE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Deere, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. The market expects Deere (DE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2022.
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So, this combination indicates that Deere will most likely beat the consensus EPS estimate. The market expects Deere (DE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended January 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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c1d3afcb-8a09-4a25-ba89-f3a3be9406ec
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